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The total cost of an MBA in the UK ranges from GBP 35,800 - GBP 100,600 (INR 41 lakhs - INR 1.15 crore) annually, covering tuition, rent, and other living expenses. The UK MBA cost has risen by nearly 6% since 2023, driven mainly by inflation and higher living expenses in cities like London and Edinburgh, making early financial planning crucial for international students.

To get an idea of the detailed breakdown, see the table below. 

UK MBA fees range from GBP 25,000 to GBP 85,000 (INR 28.75 - INR 97.75 lakhs). The cost of an MBA in the UK depends on your mode of study, the university, and the opportunities available. It is important to keep in mind that living costs also add a significant figure and need to be provided for. 

The 3 main kinds of MBA offered by UK universities, and their corresponding fees, are as follows:

Full-time Tuition fees 

If you are pursuing a full-time MBA in the UK, a 1-year program will have a tuition fee of upto GBP 119,950 (INR 1.37 crore) at top universities like LBS, or LSE.} The higher the ranking of your university, the greater the fees you can expect to pay. The reputation that your institute will lend you will remain for a lifetime. It is thus natural that they charge tuition accordingly. 

Part-time Tuition fees

Part-time MBAs allow you to work while studying and thus can take up to 2-3 years on average. Schools like Warwick and Manchester offer part-time or executive MBA formats costing between GBP 35,000 and GBP 60,000 (INR 41 Lakhs to INR 71 Lakhs)

Online or Distance Learning Tuition Fees

An online MBA in the UK is around GBP 41,500 (INR 49.4 Lakhs). If affordability is your main criterion, then there is no better option than distance MBAs. These courses not only reduce fees but also save on living expenses.. 

Tuition fees at top UK B-Schools like Judge’s Business School and Oxford Said Business School can range from GBP 83,770 (INR 96.33 lakhs) to GBP 119,950 (INR 1.37 crore). These are definitely very expensive, but other B-schools like Leeds & the University of Edinburgh offer more affordable options. 

To see a detailed breakdown of MBA costs in the UK for Indian students at top universities, refer to the table below:

London is the most expensive UK city for international students, with rent averaging GBP 1,100 to GBP 1,300 (INR 1.26 to 1.5 lakhs) and higher costs for food, groceries, and travel. However, by opting for university residence halls, using transport discounts, cycling, and applying for funding, you can cut living expenses by up to 30%.

For more affordable options, cities like Newcastle, Glasgow, and Edinburgh offer significantly lower rent and overall living costs.

The following table provides an idea of the average cost of living per month according to the city.

There are several universities in the UK that provide MBAs for a fraction of the cost that more highly ranked institutes charge, without compromising on quality. See the list below to get an idea of the fees charged by the same.

Suggested: Cheap & Affordable MBAs in the UK

Pursuing an MBA in the UK is an expensive affair. Scholarships reduce the costs to a great extent, and if you are lucky, you may even be able to bag a fully-funded MBA scholarship in the UK. Some of the top scholarships for an MBA in the UK are offered by individual universities, like the Imperial Women Scholarship (offered by Imperial College), and the St. Catherine’s Benavitch Cambridge MBA Scholarships (offered by Cambridge University). 

Let’s discuss more scholarships for UK MBA for international students below:

An MBA in the UK for Indian students provides a high ROI (up to 100% in 5 years), which justifies its cost to a great extent. The placement rate of the Edinburgh Business School can go up to 90%, with an average salary of GBP 115,000 (INR 1.3 crore). The better-ranked your college, the higher you can expect your package to be. 

Refer to the table below to get an idea of the placement percentage and average salary for the same. 

The cost of an MBA in the UK depends on various factors like the university, the duration of the program (most UK master’s programs are of 1 year), and the location. Elite B-schools like Cambridge, LBS, and Oxford have higher tuition fees, although shorter programs can bring a lot of cost savings compared to longer versions. 

In addition, living expenses can vary depending on whether you are studying in a major city like London or a small town. Scholarships, financial support, and your lifestyle are some other major factors that determine the overall cost of an MBA in the UK. Some of the factors that influence the cost of an MBA in the UK are:

• The primary financial concern for most international students is the MBA fees in the UK.
• The MBA fees in the UK vary by business school policies, university choice, course type, and the student's nationality.
• Non-EU students generally pay higher fees for an MBA in the UK than local and EU students, who are capped at EUR 9,250 per annum (INR 7 Lakhs).
• The average MBA fees in the UK for Indian students range from EUR 35,000 to EUR 58,000 (INR 29.5 Lakhs to INR 48 Lakhs) per year, with some universities charging outside this range.
• For example, the London School of Business charges up to EUR 78,500 (INR 65 Lakhs) per annum for a full-time MBA.
• Some universities in the UK have lower MBA fees; the University of Durham charges EUR 30,000 (INR 25 Lakhs) per academic year.
• MBA Application fees, typically ranging from EUR 25 (INR 2,098) to EUR 60 (INR 5,036), may be required by some MBA schools, including the University of Manchester and the University of Glasgow.

An MBA is one of the more expensive degrees in almost every country. This is especially true for Indian students in the UK. To help you out, we have compiled the best ways to reduce the Cost of an MBA in the UK. From making the best of student discounts to working part-time, read on to get a detailed idea of the same. 

Part-Time Employment

Secure a part-time job to supplement income and gain industry experience. This will not only expose you to roles in retail, hospitality, and university departments but will also help you become a better manager. You can gain a lot more than extra funds by working for 20 hours per week in the UK.

University Internships

Internships provide a thorough glimpse into the corporate world. Making the best of this avenue will not only help you forge a wider and stronger network but will also add to your bank account significantly. Internships can also be converted into full-time job offers, which could help you get placed after graduation. 

Choose Affordable Universities

Several Universities, like the University of Bedfordshire and the University of Worcester, provide affordable MBA programs to international students. These universities can provide the English experience to you while remaining economical. Going to these universities instead of the most expensive options can ease the financial strain considerably.

Scholarships and Grants

Several Universities, government organisations, and private bodies recognise that most students cannot afford the high fees in UK schools, especially for an MBA. To combat this, they offer several forms of need-based and merit-based scholarships. Securing these can help students study at the best universities without facing financial difficulties. 

Utilise Student Discounts

With a student discount card like the TOTUM card or an International Student Identity Card (ISIC), you can take advantage of the reduced prices of public transport, dining, entertainment, and even online shopping. Your university town may also have exclusive deals that can help you cut your spending. 

If you are planning to do an MBA in the UK and were confused about costs, this blog demystified everything for you. From top 10 university tuition fees to living costs, scholarships, and even post-MBA salary expectations- everything we think you should know has been talked about. Whether you're weighing up pre- and post-arrival expenditures, grasping why MBA costs are the way they are, or seeking to reduce the cost of your MBA experience, we hope this guide has helped you understand it all.

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