Cost of Study MBA and Living in UK
The UK is one of the best known countries and has many specialized courses such as MBA, MBBS, Bachelors courses, etc. Some of the greatest minds the business world has ever seen are graduating from UK business schools. Since it’s not difficult to choose the UK over other options to get your MBA degree but, the decision is the easiest part of the process to achieve your dream. You also need to know what to expect financially. So, in this blog, read wow much it cost of all programs of MBA in UK.
As well as offering a world-class education and being a prestigious university, MBA degree courses in the UK are expensive. There are tuition fees and other living expenses that you will have to cover and most of the time you will be left alone to deal with them. If you know what the future of the UK is hidden, you can come up with a practical plan to help you get through it easily.
How much does it Cost to Choose UK for Study MBA?
It is a common rule for almost all UK universities and courses that the higher the popularity and recognition the higher the cost. Being one of the most popular courses in the UK for international students, MBA degree courses are some of the most expensive at the same time as medical and natural sciences degrees.
It is very important to anticipate what an MBA in the UK will cost you as it can help you adjust your budget funds and your academic goals with the options available.
The total cost of getting an MBA in the UK can be divided into two main categories:
- Cost of Education
- Cost of Living
Cost of Education for Indian Students
University tuition is a major and biggest financial problem for international MBA students in the UK. Business schools set their own payment policies for international students independently, and you may face different international fees for MBA courses in the UK.
In the UK, MBA fees vary depending on the university you choose, your course type and your nationality. Non-EU students are entitled to higher fees than home and EU students, whose fees are limited to £ 9,250.
While we’re here, below we give you some of the most popular MBA degrees in the UK
- General MBA
- MBA in Executive
- Entrepreneurship or MBA in International Business
- MBA in Finance
- MBA in Accounting
In total, international MBA fees in the UK range from £ 35,000 to £ 58,000. However, there are still a few universities that charge tuition outside of these limits. For example, tuition at a London business school is the highest peak for a full-time MBA degree at £ 78,500.
There are also universities where semester fees are below the upper limit. At Durham University, for example, you will have to pay £ 30,000 for an academic year.
Registration fees
In addition to the semester fees, some MBA schools in the UK also have a one-time application fee that you have to pay when you enter the course of your choice. Typically, this fee is small and ranges from £ 25 to £ 60. The University of Manchester and the University of Glasgow are among the higher education institutions that charge this type of tuition from their students.
Deposit fees
When you enroll in an MBA course in the UK where you have applied, you will have to pay a deposit fee to secure your place in the course. The amount of this fee is determined independently of the universities and therefore it varies to a certain extent. In total, it ranges from £ 1,000 to £ 4,000.
Costs of Living for MBA students in UK
To study at the MBA level in the UK, you will have to cover not only university fees but also living expenses. This includes rent, payment for convenience, food, social life, and more.
As with tuition fees, there are also differences in terms of living costs for international students in the UK. The cost of living depends largely on where you live in the UK.
Living in metropolitan areas is more expensive than in rural or remote areas. London is undoubtedly the most expensive city to live in as an international student.
However, if you manage your funds properly, the cost of living in the UK as an international student is very affordable for you. We recommend that you make some changes to your actual lifestyle to reduce the overall cost of MBA in the UK.
Also, read Guide About Keele University in the UK for Indian Students
