Affordable MBA in the UK for International Students 2024

Pursuing an MBA in the UK is an appealing option for international students due to its high-quality education, diverse course offerings, and career prospects. The best universities in the UK offer comprehensive programs that cater to global students, eligibility, fees, and post-graduation opportunities. International students in the UK get to explore cultural traditions and learn about famous British humor more closely. As the UK attracts many international students, it promotes cultural integration, which leads to student growth. Besides, the country also boasts several globally recognized colleges and universities, so without waiting any further, let’s dive into the best universities in the UK for an MBA. 

Why Choose the UK for an MBA?

Studying in the UK offers exceptional educational opportunities, a broad choice of programs, and potential career advancements. Explore the following points to know why you chose an MBA in the UK:

Also Read: Top 10 Universities for MBA in UK | Rank, Salaries, Costs, & more!

Top Business Schools

The UK boasts some of the leading institutions for MBA which include London Business Schools, the University of Oxford, and the University of Cambridge. These schools are ranked among the best in the world.

Program Duration 

Most MBA programs in the UK are designed to be completed within one year, offering an intensive learning experience. However, some institutions may offer programs that extend to 15-20 months.

Cultural Diversity

Studying MBA in the UK provides an opportunity to engage with peers from diverse backgrounds, enhancing cultural understanding and collaboration skills. 

Global Recognition

An MBA from a UK institution is highly regarded worldwide. This global recognition often translates to better job prospects and high salaries, making it a strategic choice for career advancement.   

Recommended read: Study in the UK without IELTS

6 Cheapest MBA in UK for International Students

The UK is home to several prestigious universities that offer exceptional MBA programs. For international students, selecting a top university can result in a move toward thriving their career prospects and networking opportunities. Explore the best MBA universities in the UK below:

London Business School

London Business School is frequently ranked as one of the top business schools in the world. The university’s motto is “To have a profound impact on the way the world does business.”

Duration	Fees
15-21 Months	£115,000

University of Oxford (Saïd Business School)

The Saïd Business School at the University of Oxford is renowned for its rigorous academic environment. 

Duration	Fees
1 year (for Full-time MBA) 22-22 Months(for Executive MBA)	£83,770(for Full-time MBA) £117,080(for Executive MBA)

University of Cambridge (Judge Business School)

Judge Business School is another esteemed institution advancing knowledge and leadership through people who leave a mark on the world.

Duration	Fees
12 months	£74,000 additional application fees of £165

Imperial College Business School

Judge Business School is another esteemed institution that intertwined innovative thinking and insight with new technology to develop solutions to real-world issues, benefiting businesses and improving society. It also hosts business careers providing opportunities for employers to connect with MSc and MBA students and promote a range of business graduate jobs and opportunities.  

Duration	Fees
1 year(Full-time MBA) 21, 24 or 32 months(Global online MBA) 23 months(Weekend MBA) 23 months(Executive MBA)	£67,500(Full-time MBA) £50,500(Global online MBA) £61,000(Weekend MBA) £76,500(Executive MBA)

Warwick Business School

Warwick Business School leading UK business school at the forefront of innovation welcomes future problem solvers, value creators, and change-makers who share our intellectual curiosity and values.

Duration	Fees
1 year(Full-time MBA) 2 years(Executive MBA) 2 years(Global online MBA)	£57,500(Full-time MBA) £67,860(Executive MBA) £45,450(Global online MBA)

Edinburgh Napier University

Edinburgh Napier University is a proud #1 modern university in Scotland and the leading university in Edinburgh for five years in a row. It is also recognized as the top Scottish modern university for research power and impact (Research Excellence Framework 2021).

Duration	Fees
1 year	£21,805(for overseas and EU students)

Top 5 MBA Scholarships for International Students in the UK

​There are various scholarships available for international students pursuing an MBA in the UK.​ While fully funded options are limited, still several noteworthy scholarships provide significant financial assistance to help ease the costs of graduate study. Explore the top scholarships for international students in the UK below:

Commonwealth Scholarships

The Commonwealth Scholarship is one of the most recognized and fully funded options for international students in the UK from low and middle-income Commonwealth countries. These are awarded to talented individuals with the potential to make a positive impact on the global stage.

Eligibility

He/she must be a citizen or permanent resident of a Commonwealth country They need to have an undergraduate honors degree of at least upper second class (2:1).  They must be unable to afford to study in the UK without a scholarship.

Clarendon Fund

It is offered by the University of Oxford, the Clarendon Fund provides fully funded scholarships for graduate students, including those in MBA programs.

Eligibility

Outstanding Academic Records: An excellent academic record is essential. The majority of successful scholars usually have at least a first-class honors degree or its equivalent.  Future Potential: Particular consideration is given to an applicant’s future academic potential and aptitude for the proposed course of study.  Student Motivation: This is assessed through evidence of the applicant’s commitment to the proposed course as well as evaluation of the personal statement and the referees’ reports.

Chevening Scholarships

The Chevening Scholarships are funded by the UK government and offer a fully funded option for international students to study in the UK.

Eligibility

Be a citizen of a Chevening-eligible country or territory.   Committed to returning to their home country for at least two years after your scholarship ends.  Have at least two years of work experience (2,800 hours).  Holds an undergraduate degree that qualifies you for a UK master’s program. You should have received an unconditional offer from the university in which you got admission.

Felix Scholarship

The Felix Scholarship is aimed at a select few of talented students from developing countries. It was founded to offer gifted, underprivileged students from India and certain other developing countries the opportunity to further their postgraduate education by attending a university in the UK.

Eligibility

Academically gifted and underprivileged nationals of India, who must hold at least a first-class Bachelor’s degree from a recognized Indian university or a comparable institution Academically gifted and underprivileged individuals who are not nationals of India or an EEA country must hold at least a first-class Bachelor’s degree from a recognized university or a comparable institution

Skoll Scholarship

The Skoll Scholarship is specifically for students pursuing an MBA at the University of Oxford. It supports individuals who demonstrate entrepreneurial leadership and a commitment to social change.

Eligibility

Entrepreneurial Actions: You have spent preferably at least 3 years driving change through entrepreneurial approaches. For example, you could have: Started or grew a social venture  Created and led the expansion of a social impact initiative within an organization Have been tackling a specific social/environmental issue, through a core thread that unites your work Creating an impact on a system change. Should have the personal qualities of a social entrepreneur. You are in a position where the cost of the program is a significant burden.

Also read: MBA in the UK | A guide for navigating the diverse landscape

Also read: UK Study Visa for Indian Students- India Young Professional Scheme

Summary

The UK is witnessing a notable rise in overseas students and has become an increasingly attractive destination for international students pursuing an MBA. This blog explores why the UK is a top choice for MBA programs, highlighting its prestigious business schools like London Business School, Oxford’s Saïd Business School, and Cambridge’s Judge Business School. The programs are globally recognized and offer a diverse, culturally enriching environment with accelerated program durations. Additionally, various scholarships, such as the Commonwealth and Chevening Scholarships, provide significant financial support for international students.

FAQs

1. Which UK university is best for an Indian student to study MBA?

The best university can depend on individual preferences such as specializations and career goals. There are several UK universities that stand out for Indian students, some of them are London Business School, University of Oxford(Said Business School), and Imperial College Business School. 

2. Can I study in the UK without IELTS?

Yes, it is possible to study in the UK without taking the IELTS exam. Several universities accept alternative proof of English proficiency, such as completed education in English-medium institutions.

3. Which is the cheapest university for an MBA in the UK?

The University of Wales Trinity Saint David is considered to be the cheapest university for an MBA in the UK, with tuition fees starting at £7,800 for the academic year of 2023/24.​