Making an MBA degree abroad is a dream come true for many Indian students, especially if it is in a country like the United Kingdom. It adds an extra layer of excitement and opportunity to your career. However, for some, pursuing an MBA in the UK can be a major financial commitment and leave a considerable deficit in their pockets. Despite the elevated tuition costs, you may choose the program because of its global prestige. Most students take education loans to fund their education, while some want to explore more affordable options to make their MBA dreams a reality.
If you are considering the latter route, here is a helpful blog on pursuing an MBA in the UK for under Rs. 15 lakhs that addresses your budget concerns.
Why is studying an MBA in the UK lucrative?
MBA in the UK offers multiple advantages that make them attractive choices for students worldwide:
1-year MBA: Most UK universities, especially the traditional high-ranked universities, offer 1-year MBA programs. So, you can swiftly broaden your knowledge base within a short timeframe of 1 year and get into the job market.
Placement year: Some mid-ranked modern UK universities have special 2-year MBA programs, where you study and pay a tuition fee for the first year only. The second year is a placement year when you need not go to the university nor pay a tuition fee (only a nominal administrative charge is to be paid to the university) and you get full work for 40 hours per week.
2-year Post Study Work visa: Whether you study a 1-year or 2-year MBA in the UK, you are entitled to apply for a 2-year Post Study Work visa, through a graduate-route visa. During this period, you can work full-time in the UK.
Global reputation: UK universities are renowned globally for their high-quality education, precise academic standards, and innovative teaching methods. Holding an MBA from a reputable UK institution can significantly enhance your credentials and open doors to global career opportunities.
Specialization options: UK universities offer a wide range of MBA specializations. You can have a degree considering your career goals and interests. Whether you are interested in finance, marketing, entrepreneurship, or data analysis, supply chain, or other, you can find a program that meet your need perfectly.
Access to industry experts: Many UK MBA programs feature guest lectures, workshops, and seminars conducted by industry experts and successful business leaders. Direct exposure to real-world experiences adds immense value to your learning journey.
Networking opportunities: Network is net-worth. The business landscape is rich and diverse in the UK. So, you have ample networking opportunities with industry professionals, entrepreneurs, and potential employers. Increased connections can be invaluable for your career growth and development.
Cultural diversity: Studying at the best universities in the UK exposes you to a multicultural environment. You can interact with students and faculty from diverse backgrounds. This exposure builds cultural understanding, broadens your perspectives, and enhances your ability to work in international teams.
Top 7 universities offering MBA in the UK under Rs. 15 lakhs
One of the most significant benefits of UK MBA programs is their relatively short duration, which reduces both time and cost. Working professionals find it especially easy to pursue, as they cannot afford an extended break from their careers. Most programs typically last 12 months. It means you can have a prestigious degree without investing excessive time and resources. Additionally, the UK stands out as a destination for affordable yet high-quality MBA programs. Explore the universities that offer quality MBAs under Rs. 15 lakh without compromising on excellence. Some of the affordable UK universities are:
1: Ulster University
Ulster University is among the best universities in the UK. You benefit from a curriculum with the skills and knowledge required for leadership roles. The university’s strong industry connections and experienced faculty ensure a comprehensive learning experience that prepares graduates for success in diverse business environments.
Tuition fee: London: £15,250; Birmingham: £13,600
Eligibility: 55% or above in bachelor’s degree, or equivalent. Applicants should normally have 2 years of relevant work experience.
English requirement: IELTS 6 (5.5) or equivalent.
2: Edinburgh Napier University
Edinburgh Napier University is a hub for innovation and entrepreneurship. The university’s MBA programs encourage you to develop practical solutions to complex business challenges. With a diverse student community and a supportive learning environment, Edinburgh Napier University builds a culture of collaboration and critical thinking for future business leaders.
Tuition fee: Edinburgh: £11,290
Eligibility: The entry requirement for this course is a Bachelor’s (Honours) Degree at 2:2 or above. We look for applicants to have a background in any discipline in order to be eligible for the programme.
English requirement: IELTS 6(5.5) or equivalent.
3: Teesside University
Teesside University’s MBA programs nurture entrepreneurial spirit and innovation among students. With a strong emphasis on leadership development and strategic management, the university equips graduates with the confidence and skills to drive organizational growth and success.
Tuition fee: Middlesbrough: £14,300; MBA (Applied)-2yrs: £8,500
Eligibility: Minimum of 55% or CGPA 5.8/10 from a recognised Indian university; 50% or CGPA 5.5/10 minimum from Mumbai, Delhi, Pune, Anna, Jadavpur or Kolkata Universities You must have a min of two years full-time work experience in a relevant role.
English requirement: IELTS 6.5(5.5) or equivalent.
4: University of South Wales
The University of South Wales is known for its practical approach to MBA education. You benefit from industry-relevant projects, case studies, and simulations that mirror real-world business scenarios. You are well-prepared to meet the demands of the global job market. It makes you highly sought-after by employers across various sectors.
Tuition fee: Treforest: £14,950
Eligibility: Require 55% or above in Bachelor’s Degree.
English requirement: Require a minimum of 60% or above in English in Standard XII. IELTS 6(5.5) or equivalent.
5: University of Chester
At The University of Chester, you have small class sizes and dedicated faculty members. So, students receive individualized attention and support throughout their academic journey. The university’s strong links with local businesses and organizations provide students with opportunities for internships, placements, and networking.
Tuition fee: Queen’s Park: £14,950; Chester: £14,950
Eligibility: Applicants will normally be expected to hold a first degree with a minimum of 55% honours or equivalent. In addition, it is anticipated that students will be able to demonstrate some form of previous work experience (2 Years). If the Student has 60% or above in Bachelor’s Degree, he doesn’t need to show any form of Work Experience.
English requirement: Require a minimum of 60% or above in English in Standard XII. IELTS 6.5(5.5) or equivalent.
6: York St John University
The university’s strong emphasis on communication skills, teamwork, and leadership development equips you with the confidence and capabilities to excel in diverse business roles. York St John University’s central location in London provides you with access to a wealth of opportunities for networking, internships, and career advancement.
Tuition fee: London: £11,800; York: £11,800
Eligibility: Bachelors Degree – 55% or higher, or a Second Class degree
English requirement: IELTS 6(5.5) or equivalent.
7: Bloomsbury Institute London
In this MBA, you will study subjects such as Strategy and Leadership in Practice, Critical Issues in International Business Management, Leading Strategic Management Projects, Innovation and Entrepreneurship, and a final project to identify a complex issue within the field of business.
Tuition fee: London: £15,000
Eligibility: Applicants require a minimum 2:2 (lower second class) honours degree in any subject from a UK university or equivalent qualification, and you are required to have a significant post-graduation and/or at least 2 years’ relevant work experience.
English requirement: IELTS 6(5.5) or equivalent.
Top MBA specializations in the UK under Rs. 15 lakhs
Take a look at the list of top and most valued MBA specializations in the UK under Rs. 15 lakhs:
- Business Administration
- Marketing Management
- Finance and Investment
- International Business
- Entrepreneurship
- Supply Chain Management
- Human Resource Management
- Project Management
- Data Analytics
- Hospitality and Tourism Management
These specializations cater to a wide range of career interests and industries and provide you with diverse opportunities to develop your expertise.
Scope of UK MBA programs
You have two primary factors to consider. Firstly, the relatively short duration of the program, and secondly, the substantial return on investment (ROI).
Within a year of completing an MBA, you often secure significantly higher-paying roles. Even if you borrowed loans, the generous income packages associated with post-MBA positions make repayments manageable. In the UK, MBA graduates have a wide range of well-paying career opportunities with multiple benefits.
The tuition fees for MBA programs at the universities listed above can vary. For more options on pursuing an MBA within the Rs. 15 lakh range in the UK, reach out to the best consultants for abroad education and Studies in Overseas, and schedule your complimentary consultation today. Apply now to avail of the SIO Scholarship of Rs. 20,000 on your UK Student Visa.
