An MBA (Masters in Business Administration) is a postgraduate degree that allows you to study business and management. It enhances your skills and boosts your career prospects and equips you with the knowledge and experience to start your own business. It is a very popular and highly pursued degree all across the world.
MBA in the UK is a highly-regarded and prestigious degree. The UK is one of the best places in the world to pursue an MBA because of its high-quality education system and diverse student population. You’ll have access to top universities such as Oxford University or Cambridge University (which are both ranked among the best in Europe), as well as other prestigious institutions like London Business School or Warwick Business School.
If you are thinking about doing an MBA in the UK, then this article is going to unveil all the benefits of an MBA degree from the UK.
Some of the main benefits are mentioned below:
- High-Quality Education
The quality of education in universities is world-class. You get to interact with top faculties and gain on-field experience by means of exchange programs, hands-on training, real-time working, etc. They regularly assess their teaching standards from time to time. To ensure the best quality of education they carry out surveys and reviews also. UK universities have connections with different industries and provide good placement and tutoring opportunities.
- Variety of MBA Programs
Universities in the UK provide a wide variety of MBA programs and specializations. Some of the most pursued courses are Finance, Accounting, HR, Economics, Marketing, and Management Operations. There are also other disciplines which you can choose according to your preferences.
- Duration of MBA
One of the main reasons why the MBA is popular in the UK and is pursued by so many international students is the duration of the MBA course. Many universities in the UK avail an MBA degree for a duration of one year. Even if someone enrolls for the two-year program, it is not a lot of time. Hence, MBA is a way to secure job security and a professional degree in a short span of time.
- Recognition of a Three-Year Undergraduate Degree
Other countries require a minimum of 16 years of schooling and an undergraduate degree of four years. In India, undergraduate courses are provided only for a duration of three years. It has changed now after the New Education Policy of 2020. But the UK does recognize a three-year undergraduate/bachelor degree. Hence, you are saving another year of your life that can be better invested in on-field learning and exposure.
- International Recognition
According to the Financial Times Global MBA rankings (2018), 14 UK MBA colleges ranked in the top 100 business schools. Universities in the UK provides globally recognized MBA degrees. If one secures admission to any of these colleges, one gets to learn from the best. Then they are also recruited by some of the leading businesses and mostly at high-paying posts.
- Strong Alumni Network
The alumni network is one of the most appealing benefits of doing an MBA in the UK. As a student, you will have access to some of the brightest minds in business and finance just because you belong to a reputed college. You will also be able to connect with other alumni who can help you land your dream job or even start your own company. They organize Alumni events, Career fairs, and Social media groups for providing networking opportunities to students. Networking not just helps you gain experience but you may also prove to be fruitful to the company in the long run.
- Affordable Tuition fees
When compared to US business schools, the universities of the UK provide more affordable MBA degrees. The average tuition fee for one year in the UK is approximately £35,000 – £50,000. There are a lot of colleges that avail high-quality degrees at very affordable prices. scholarships and merit-based remissions are provided via different exams. Do not forget to keep an eye on such exams. Seeking a scholarship will reduce the academic fees further. You might then invest the money in your business, who knows!
- Great Student Experience
The experience of being an international student is special. You’ll get the opportunity to meet people from all over the world, discover new customs and cultures, and comprehend how other nations’ economies work.
Although it may seem intimidating at first, you will soon adjust! Being an international student has its difficulties, but these can be overcome with time and effort.
- Career Prospects
After graduating from a top MBA school in UK, you can expect to see a significant increase in your earning potential. According to the Financial Times, MBAs earn an average of $100k per year within two years of completing their MBA program. This is nearly double what non-MBA graduates make during the same period!
This salary boost is not limited to just those who work in finance or consulting; other industries such as technology and healthcare also offer lucrative salaries for those with an MBA degree.
- Living and Studying in the UK
Accommodation: Living in the UK is an experience in itself. You will be staying in a university dormitory or you can rent a private apartment and many housing facilities are easily available in the UK.
Transportation: Transporting yourself around town is easy thanks to various modes of public transport such as buses and trains that run frequently throughout the day from Monday through Sunday (and even during holidays).
Healthcare: If anything happens while you’re studying abroad, don’t worry about how expensive it might get because most medical procedures are covered under the health insurance policy provided by business schools and universities.
If you’re looking to study for an MBA in the UK, then this article should have helped you make your decision. The benefits of doing an MBA in the UK are many and varied; whether it’s improving your career prospects or just gaining knowledge that will help you become a better manager, there are plenty of reasons why studying abroad can be beneficial.