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MBA Courses in the UK

An MBA is one of the most internationally recognised and respected degrees, and completing an MBA can improve your career prospects in a number of business related fields around the world.

MBA courses focus on themes and techniques applicable to the business world and are designed to develop your strategic skills, management competencies and problem solving ability, along with making you become familiar with international and management practice. What distinguishes it from other business-led masters degrees is that it is both a postgraduate and post-experience qualification.

Why study an MBA course in the UK?

When deciding on a study destination for an MBA, many people select the UK due to the great career prospects available and professional relationships with the rest of the world. MBA courses are popular amongst home and international students alike, and for many applicants to MBA courses in the UK, experiencing the rich heritage of the country along with exploring the cities and business links within them alongside their studies is important.

An MBA is a huge investment in both time and money and there are many factors to consider before making your final decision on where to study.

Core MBA modules and electives

Completing an MBA course in the UK will prepare you for senior roles within a wide range of commercial and public sector organisations. Most MBA courses in the UK will cover:

• Managerial Economics
• Financial and Management Accounting
• Marketing
• Quantitative Methods
• Operations Management
• Information Systems
• Business Strategy
• Financial Resource Management
• Business and Financial Environment

Alongside these core modules, students will also be able to select optional modules to tailor their course further to meet their interests and needs. Students studying for an MBA in the UK may be able to select electives such as:

• Corporate Finance
• Entrepreneurial Ventures
• Global Business
• International Marketing
• Human Resource Management
• Strategic Management of E-Business
• Project Management

Increasingly, universities in the UK are offering specialist MBA courses such as; business management; international business management; corporate governance; human resource management; international supply chain and logistics management; public services management; retail management and marketing; strategic marketing management. These courses are great options if you already know which area of business management you want to specialise and consequently work in.

How long do MBA courses in the UK last?

There are many types of MBA courses on offer on the UK; full-time, part-time and distant and online learning, so everyone is bound to find an MBA that caters to their individual requirements and circumstances. Full-time programmes usually last for one year, while part-time programmes, which offer students the chance to integrate studies with employment, last on average for two or three years. Distance learning provides a viable alternative for students who are unable to fit in part-time attendance or who do not have access to a school of suitable standing. These courses take an average of three to five years to complete.

Fees and costs for MBA courses in the UK

Tuition fees for full-time home and EU students on MBA courses in the UK vary from £5,000 right up to £50,000 depending on the institution and course content. Fees for overseas (non-EU) students are typically higher, however in both circumstances, it is best to contact the university directly to see what fees they charge. Part-time courses will cost less per year, however the final total of tuition fees over the duration of the course will be the same of that of the full-time courses. Again, part-time courses will also charge higher fees to non-EU students. Many universities offer scholarships to help pay for part of the tuition fees, but again circumstances will vary depending on the institution.

Career prospects for MBA graduates in the UK

MBA students can look forward to a big leap in salary once they have graduated. A survey conduct by the Association of MBA’s states that the average starting salary for graduates has risen by 72%. In 2010, the average salary for graduate MBA jobs was £32,000, with the potential for male graduates to earn up to £74,000 plus a bonus of £27,000 and women, up to £59,300 with variable earnings of £11,230.

A report published by London Business School has shown that the employment rates for MBA graduates rose 10% in 2010 compared with 2009 figures. 91% of graduates from London Business School found employment within three months of graduating in 2010, which 43% of 2010 MBA graduates taking up employment overseas. Of those who have already found employment, the majority (71%) started work with a new employer. Around one in 10 (12%) went back to work with a previous employer, while 8% took the plunge and started their own business.

According to the MBA Employment Report 2010, financial services remains the preferred career choice for graduates, with 38% choosing this sector. It is followed by 37% of graduates going into the technology and telecommunications field and 25% opting for consulting.

UK study visas

If you are thinking about travelling to the UK to study for an MBA, you may need to obtain an appropriate visa. Your age, time of study in the UK and your home country will alter the circumstances to obtain a visa. To find out what type of visa you will need, click here.

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