Interested in studying for an MBA in London? If you’re thinking about it, you’ve probably wondered about the ins and outs, expenses, and what awaits you in this exciting city. Let’s take a closer look at MBA programs in London, covering topics like program options, costs, financial aid, and what comes after graduation. Whether you’re looking to advance your career or explore new horizons, this might just be the perfect place for your MBA adventure.
1. MBA in London: Course Highlights
| Program | MBA |
| Program Duration | 1-2 years |
| Program Type | Full-time | Part-time |
| Eligibility Criteria | A 3-4 year Bachelor degree with a aggregate of 60%-65% and a minimum 3 years of work experience |
| English Proficiency Requirements | IELTS: 7.0 or above | TOEFL: 100+ |
| GMAT | 600+ |
| Tuition Fee Range | 30,000 GBP- 120,000 GBP |
| Average Salary | 35,000 GBP to 50,000 GBP |
| Top Employers | Amazon, CitiBank, Financial Conduct Authority, Paribas, Santander |
2. Why Pursue an MBA in London?
Studying in London broadens your global perspective, preparing you for an international career. It serves as an outstanding center for MBA education, presenting unique benefits:
- Business schools in London house prestigious institutions guaranteeing top-notch education.
- As a major financial center, London hosts offices of leading companies, ensuring MBA students have plenty of job opportunities.
- London is a global hotspot for business and innovation, providing MBA students with a chance to connect with and learn from industry experts.
3. Top Universities
This region is globally renowned for its academic excellence, offering exposure, technology, and research opportunities. With over 25 business colleges, these are the best Universities in London for MBA.
| University | Program | Duration of the Program | Total Tuition Fees (GBP) |
| London Business School | Full-time MBA | 15-21 Months | £109,700 |
| Executive MBA | 20 Months | £119,900 | |
| Imperial Business School | Full-time MBA | 15-21 Months | £61,500 |
| City University of London (City’s Business School) | Full-time MBA | 12 Months | £48,000 |
| Executive MBA | 24 Months | £53,000 | |
| Brunel University (Brunel Business School) | MBA | 12 Months | £27,500 |
| University of Chicago (Booth Business School) | Full-time MBA | 21 Months | £155,682 |
| University of Westminster | Full-time MBA | 12 Months | £19,000 |
4. Types of MBA
In the UK, international students have options for full-time, part-time, and executive MBA programs. Here’s a concise breakdown:
4.1. Full-time MBA in the UK
This is a traditional 1-2 year program for full-time students, combining classroom, cases, and projects. The core modules include business and management essentials.
- Accounting and financial management
- Marketing management
- Operations management
- Organisational behaviour
- Corporate finance
- Strategy and business policy
- Entrepreneurship
- Business Ethics and Corporate Social Responsibility
4.2. Part-time MBA
Part-time MBA in London caters to working professionals, typically spanning 2-4 years. They provide a comprehensive foundation in key business areas like accounting, finance, marketing, HR, operations, strategy, and behaviour.
Additionally, students can tailor their studies with specialized electives such as entrepreneurship or international business to align with their career goals.
- Entrepreneurship
- International Business
- Sustainability
- Information technology management.
4.3. Executive MBA (EMBA)
Designed for working professionals seeking career advancement, EMBA programs are typically part-time, enabling students to continue working. The curriculum focuses on developing skills in strategic thinking and decision-making.
While their courses cover organizational leadership, corporate strategy, global business, and innovation management. EMBA courses provide a deeper understanding of organizational complexities and the challenges of operating in a global business environment.
4.4. Online MBA
Offering flexibility for students with work or personal commitments, online MBA programs are entirely delivered online. They often feature a self-paced structure, allowing students to complete the course at their own convenience.
5. MBA Course Duration
Full-time MBA programs typically span 12 to 24 months, emphasizing rigorous coursework, case studies, group projects, internships, and hands-on learning experiences. In contrast, part-time MBA programs offer greater flexibility, lasting between two and three years.
6. Admissions
Gaining admission can be highly competitive due to the large volume of international applicants. Below, you’ll find a breakdown of the specific admission criteria for leading universities offering MBA courses in London.
6.1. MBA in London Eligibility
Securing a spot in London’s MBA graduate programs is no easy feat. Top universities have standard admission prerequisites, including academic qualifications, English language proficiency, and additional documents. Specific criteria may vary by institution.
| Criteria | Requirement |
| Academic Degree | 3-4 year Bachelor degree with 60%-65% aggregate and minimum 3 years of work experience |
| GMAT Score | Good GMAT score, preferably 600 or above |
| English Proficiency Test Score | IELTS: 7.0 or above, TOEFL: 100+ |
| Statement of Purpose (SOP) | 1000-1500 word personal statement outlining academic and professional background, reasons for applying to the program, and career aspirations |
| Letters of Recommendation (LOR) | At least 2-3 academic or professional references |
| Experience | Minimum of 3 years of professional work experience for MBA and minimum of 10 years of work experience for Executive MBA |
6.2. Admission Requirements
In the table below, you’ll find the precise admission criteria established by leading London universities. You can also find universities to pursue an MBA in London without GMAT in the table below:
| University | Academic Requirement | IELTS Score | GMAT Score | Additional Documents |
| London Business School | Undergraduate degree, 3-5 years work exp. (MBA), 10-12 years for Executive MBA | 7.5 or above | 600 | SOP, LOR, Transcript(s), Resume |
| Imperial Business School | 3-4 year Bachelor degree, 60%-65% agg., min. 3 years work exp. | 7.0 or above | 600 | SOP, 2 LOR, Transcript(s), Resume, Video assessment (career goals) |
| City University of London (Bayes Business School) | 3-4 year Bachelor degree, 65%-70% agg., or 6 years’ relevant business exp. | 7.0 or above | 600 | SOP, 2 LOR (professional references), Transcript(s), Resume |
| Brunel University (Brunel Business School) | 3-4 year Bachelor degree, 55%-75% agg., min. 3 years’ work exp. (managerial) | 6.5 or above | Not Required | SOP, 2 LOR, Transcript(s), Resume |
| University of Chicago (Booth Business School) | 3-4 year Bachelor degree, 65%-70% agg., additional work exp. required | 7.0 or above | Good GMAT score required | SOP, 2 LOR, Transcript(s), Resume |
| University of Westminster | 3-4 year Bachelor degree, 65%-70% agg. | 6.5 or above | Not required | SOP, LOR, Transcript(s), Resume |
7. Cost of Study MBA in London
Studying abroad involves costs starting in your home country, including application and London student visa fees. Below is a detailed guide for international students, with study costs covering both tuition and living.
7.1. MBA in London Fees & Cost
The estimated total tuition fees for an MBA in London range from 30,000 GBP to 120,000 GBP. Here’s a table displaying tuition fees at leading universities:
| University | Total Tuition Fees (GBP) |
| London Business School | £109,700 |
| Imperial Business School | £61,500 |
| City University of London (City’s Business School) | £48,000 |
| Brunel University (Brunel Business School) | £27,500 |
| University of Chicago (Booth Business School) | £155,682 |
| University of Westminster | £19,000 |
7.2. Cost of Living in London
When you plan to study in London, it is important to realise that it is a premium destination for international students. On average, monthly living expenses for international students range from 850 to 1,350 GBP, excluding tuition fees.
| Particulars | Monthly Cost (Pounds) |
| Off-Campus Accommodation | £408 |
| On-Campus Accommodation | £480 |
| Transportation | £159 |
| Food Cost | £406 |
| Utility Cost | £155 |
| Entertainment | £44 |
| Groceries | £155 |
| Clothes | £69 |
| Total Cost of Living with Off-Campus Accommodation | £1237 |
| Total Cost of Living with On-Campus Accommodation | £1309 |
| Annual Cost of Living | £14844 |
8. Scholarships
When considering an MBA degree in London, it’s crucial to be aware of the potential financial strain. The universities here offer various scholarships to international students to ease the financial burden. Here are some scholarships in London available for MBA applicants.
| Scholarship Name | Awarded by | Eligibility | Award Value |
| iSchoolConnect Scholarship | London Business School | Enrolled in any program at the university | Variable |
| MBA Scholarships (Full-time Part-time) | Brunel University | Offer for full-time MBA at Brunel University | 6,000 GBP tuition fee waiver (1 year) |
| McKinsey & Company Emerging Scholars | University of Chicago (McKinsey) | Admitted to full-time MBA program at an eligible school | Variable |
| Ramakrishnan Family Scholarship | Ramakrishnan Family Endowment | Preference to Indian nationals | Variable |
| International Postgraduate Part Fee Scholarship | University of Westminster | Offer for full-time Master’s course (Sept 2023), UK First-Class Honours equivalent | 3,000 GBP Tuition Fee Award (first semester) |
9. Job Opportunities After Pursuing an MBA in London
Upon graduating, students can secure positions at renowned companies in the UK. Roles may include Business Development Manager, Financial Analyst, CRM Manager, or HR Manager, with average annual salaries ranging from 35,000 GBP to 50,000 GBP.
| Profession | Average Salary (GBP) |
| Business Development Manager | £36,001 |
| Financial Analyst | £34,227 |
| CRM Manager | £38,882 |
| Management Consultant | £50,488 |
| Digital Marketing Manager | £34,509 |
Conclusion
In conclusion, selecting the best MBA program in London involves three key steps: consulting QS Rankings for insights, understanding tuition fees for financial planning, and researching the ideal location for a successful study abroad experience.
Pursuing an MBA in London offers numerous advantages, including access to renowned business schools, a global business hub, diverse multicultural surroundings, promising post-MBA salaries, and a thriving startup ecosystem. This choice promises a valuable and enriching experience that enhances long-term career prospects.
FAQs
1. How much does pursuing an MBA in London typically cost?
The expenses associated with an MBA in London can vary based on the chosen university and program. Tuition fees generally range from £10,000 to £45,000, while living costs depend on your selected location.
2. What is the usual duration of MBA programs in London?
The duration of MBA programs in London varies according to the university and program type. For example, some programs, like the one offered by UCL School of Management, can be completed in 24 to 60 months, while London Business School offers a 15-21 month program.
3. Is it feasible to work part-time while pursuing an MBA in London?
Yes, it’s possible to work part-time while undertaking an MBA in London. However, managing both work and studies effectively is essential due to the demanding nature of MBA programs.
4. What is the average income for MBA graduates in London?
According to London Business School, MBA 2022 graduates earned an average salary of £94,343, with the highest reported at £138,478. They secured jobs in 40 countries, with 63% launching their careers in the UK. Consulting had the highest graduate hiring rate at 37%, while Technology and Finance both accounted for 29%.
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