Masters in Management in the UK: Universities & Course Details

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Summary

  • The UK is one of the most preferred countries for higher education by international students.
  • A Master’s in Management, even in the topmost universities in the UK, requires no work experience as the target audience of the universities is fresh graduates.
  • The duration of pursuing Masters of Management in the UK is around 1-2 years, with an approximate cost of INR 20 to 35 lakhs.
  • The average salary for graduates of Masters of Management in the UK is about 33.75 lakhs, which increases with years of experience.

Pursuing a management degree is one of the best choices one can make. It is the subject that helps teaches a student to understand organizational behavior and also be able to influence others. It can help you set foot as a leader in the real world. Pursuing a management degree from any top university will open a wide door of opportunities for you in the competitive market. The top countries to study Master’s in Management are the UK, France, Germany, Canada, the USA, Australia and Ireland.

This blog is specifically written to provide you with all the information about pursuing a Masters in management in the UK. It will help you know the top universities to pursue Masters in management in the UK, the eligibility criteria, entry requirements, and the cost of studying in the UK.

Masters in Management in the UK

A master’s degree in management (MiM) is a postgraduate degree one can pursue after completing an undergraduate degree in any field. The general requirement to study for a Masters in Management in the UK is to have a minimum score of 60% in the bachelor’s degree in any field. Along with this, the student must also fulfil all the country-specific eligibility requirements. The approximate cost of pursuing Masters in Management in the UK is around 20,000 GBP to 36,000 GBP. For Indian students, the cost of the same in top UK universities is approximately around 20.4 to 35 lakhs.

 

A Master’s in Management prepares graduates from diverse academic backgrounds for a career in management. The programme usually has a duration of one year. Nowadays, the demand for MiM has been growing as an alternative to Masters of Business Administration (MBA). Masters in Management in the UK is offered as a Masters of Science (MSc) and Masters of Arts (MA) and focuses more on the empirical knowledge rather than the theoretical side like an MBA degree.

Best universities in London for MBA for Indian students

 Business schools and colleges offer masters of management studies under various titles, delivery modes and concentrations. A student pursuing Masters in Management in the UK will usually have courses in general management such as global business management, marketing analytics, supply chain management, entrepreneurship and innovation, operations management, corporate finance and others. You can also choose to specialise in any specific area of business.

 

Pros of pursuing a Masters in Management in the UK

The UK is the second most popular country for higher education among international students, as stated by the University College of London’s Centre for Global Higher Education. A few reasons why it is beneficial to pursue a Masters in Management in UK are stated below:

  • 21 UK universities for Master’s in Management programmes are among the top 100 universities globally.
  • A mandatory work experience is not required to pursue a Master’s in Management in the top UK universities.
  • A Master’s of Management in the UK has a 50% less programme fee than an MBA.
  • According to the Master in Management Compass, graduates in MiM have 63% more chances of being hired by employers.

Eligibility Criteria for Masters in Management in the UK

Applicants from any field can choose to pursue a master’s in management. The eligibility criteria for admission in MiM are almost the same in most UK universities. They are:

  • Applicants must have an undergraduate degree equivalent to the UK first or upper second class honours (2:1) degree.
  • An undergraduate degree with a minimum score of 60-70%.
  • English Language Proficiency (ELP) test is another one of the important admission criterion. Applicants must submit their language proficiency test scores along with the application.
  • Minimum required scores in ELP test: IELTS – 6.5 to 7.0 and TOEFL – 93 to 100.
  • Applicants also need to take the standardised exams (GRE, GMAT) required to study in the UK.
  • The scores of GRE and GMAT may be required for getting admission into some of the UK universities.

Documents Required for Masters in Management in the UK

There are a few documents you will need while applying to a Masters in Management in the UK. They are listed below:

  • Duly filled admission application form
  • Payment of application fee (non-refundable)
  • International applicants have to submit a proof of English language proficiency tests (IELTS, TOEFL)
  • Standardized tests to study in the UK (GRE, GMAT) for a few universities
  • An updated CV
  • Academic transcripts of all the educational institutions you have attended
  • SOP, talking about yourself (interests, values, etc.)
  • Full contact information of 1-2 referees
  • Application essays on why the student is choosing to join the programme/university
  • In some cases, you may have to appear for an interview.
  • A copy of the first and last page of the passport

 

Please note that the target audience for a Masters in Management in UK is recent graduates. Hence, prior work experience is not mandatory. But, an internship or 1-2 years of work experience certificate will only boost the strength of your application.

 

Top Colleges for Masters in Management in the UK

As mentioned, UK universities offer a range of courses for the MiM program. Given below is a list of the top universities offering degrees in Masters in Management in the UK:

 

1. London Business School (LBS)

Ranking: 3rd in QS Top University Subject Rankings 2022

Courses Offered: Masters in Management

Program Fee: 33,600-41,100 GBP (INR 32,42,220-39,65,930)

Duration: 2 years

Admission Requirements: Application essays, GMAT (600+), IELTS/TOEFL – 7.5/100, interview

 

2. London School of Economics and Political Science (LSE)

Ranking: 11th in QS Top University Subject Rankings 2022

Courses Offered: MSc Management and Strategy

Program Fee: 32,184 GBP (INR 31,05,584)

Duration: 1 year

Admission Requirements: GMAT, IELTS/TOEFL – 7.0/100, three or more months of work experience recommended

 

3. Warwick Business School

Ranking: 24 in QS Top University Subject Rankings 2022

Courses Offered: MSc Management

Program Fee: 29,950 GBP (INR 28,90,015)

Duration: 1 year

Admission Requirements: GMAT (700+), IELTS/TOEFL – 7.0/100

 

4. Imperial College Business School

Ranking: 34 in QS Top University Subject Rankings 2022

Courses Offered: MSc Management

Program Fee: 29,500 GBP (INR 28,46,592)

Duration: 1 year

Admission Requirements: GMAT recommended, IELTS/TOEFL – 7.0/100

 

T5. he University of Bath – School of Management

Ranking: 72 in QS Top University Subject Rankings 2022

Courses Offered: MSc Management, MSc Human Resource Management and Consulting, MSc in Finance with Risk Management, etc.

Program Fee: 20,000 GBP (INR 19,29,893)

Duration: 1 year

Admission Requirements: IELTS/TOEFL – 7.0/120

 

6. Strathclyde Business School

Ranking: 96 in QS Top University Subject Rankings 2022

Courses Offered: MSc in Business and Management, MSc International Master Project Management, etc.

Program Fee: 22,050 GBP (INR 22,29,728)

Duration: 2 years

Admission Requirements: LOR, IELTS – 6.5

 

7. University of Edinburgh Business School

Ranking: 104 in QS Top University Subject Rankings 2022

Courses Offered: MSc Management, MSc Business Analytics, etc.

Program Fee: 24,900 GBP (INR 24,05,000)

Duration: 1-2 years

Admission Requirements: IELTS/TOEFL – 7.0/100, 2 LORs, work experience recommended

 

8. Durham University Business School

Ranking: 121 in QS Top University Subject Rankings 2022

Courses Offered: MSc Management

Program Fee: 23,500 GBP (INR 22,69,778)

Duration: 1 year

Admission Requirements: IELTS/TOEFL – 7.0/100

 

9. Cranfield School of Management

Ranking: 145 in QS Top University Subject Rankings 2022

Courses Offered: MSc Strategic Marketing, MSc Management and Corporate Sustainability, etc.

Program Fee: 26,000 GBP (INR 25,11,244)

Duration: 1-2 years, varies for each program

Admission Requirements: IELTS/TOEFL – 6.5/92

 

10. Alliance Manchester Business School

Ranking: 5th by Global MBA Ranking

Courses Offered: MSc International Business and Management, Business Analysis and Strategic Management, etc.

Program Fee: 24,000 GBP (INR 23,18,071)

Duration: 1-2 years

Admission Requirements: IELTS/TOEFL – 7.0/100

The cost of studying in the UK can be overwhelming. However, to ease this worry, there are a number of scholarships available for Indian students in the UK. You can read more about them here.

Top UK Scholarships for Indian Students

 Admission Process for Masters in Management in the UK

If seeking admission to Masters in Management in the UK, the applicant is required to fulfil all admission requirements of the university. The general requirements for admission are mentioned below:

  • Application Form: Applications for admission to any UK university can be started online through the respective university website.
  • Application Fee: Applicants need to pay a non-refundable application fee. The fee at the top UK universities ranges between 60 and 100 GBP (INR 6000-10000).
  • Application Timeline: The applications for most universities for Masters in Management in the UK generally begin by September. The admission deadline in many universities is the month of June-July.

 

But, some universities like LSE or Imperial College Business School do not have any such deadlines. Applications here are reviewed on a rolling basis.

 

Cost of Study in the UK

The cost incurred by a student to study abroad includes the pre-arrival cost and living expenses along with the tuition fee. Given below is an approximate breakdown of costs:

 

  • Pre-arrival Cost

This includes the one-time payment of the application fee, student visa application to the UK, and registration fee for various standardized tests to study in the UK. Here is an approximate of it in GBP:

 

Application Fee: 60-100

Visa Application Fee: 350

IELTS Fee: 150

TOEFL Fee: 140

GMAT Fee: 195

GRE Fee: 160

So, a total of 1095 GBP (INR 10,05,635) at the maximum will be the pre-arrival cost.

 

  • Tuition Fee for Master’s in Management in the UK

The total tuition fee for MiM in UK ranges from 20,000 to 36,000 GBP (INR 19,29,893 to 34,76,518). The most expensive university among the top 10 universities offering a Master’s in Management is London Business School, with its program costing 36,600 GBP. The least expensive is the University of Bath School of Management, with a programme fee of 20,000 GBP. Students planning to complete the fourth term at the business school are required to pay 41,100 GBP.

 

  • Cost of Living in the UK

The cost of living in the UK differs based on the region of the country the student stays in. London is more expensive than most other parts of the UK. The average cost of living for international students in the UK ranges from 15,500 to 18,000 GBP (INR 14,95,911 to 17,37,187).

 

The approximate living cost breakdown (annually) is given below:

 

  • Rent for 1BHK Apartment: 6,600-7,800
  • Other Utilities: 2,400
  • Council Tax:1,500
  • Mobile Phone Plan: 480
  • Public Transport Travel Cost: 660
  • Miscellaneous: 3000

 

So, the total cost of living in the UK on an average is around 15,850 GBP (INR 15,29,690) at the maximum.

 

Job Prospects in the UK

Completing a Masters in Management in the UK opens a wide array of opportunities for students to work in different sectors. The most common sectors that graduates choose to work in are:

 

  • Manufacturing
  • Finance
  • Business Support
  • Start-ups
  • IT Services

 

The average salary per annum for management graduates in the UK is around 35,000 GBP (INR 33,75,616). Recently, it was announced that international students are allowed a two-year post-study work visa, which makes it easier to apply for jobs after graduating from the UK.

 

Conclusion

Management is an ever-growing field in the market world. The opportunities for management graduates are growing at a rapid rate. Pursuing a Master’s in Management in UK is a very good choice for your career and especially if you want to start your own business. Contact LeapScholar to help you choose the university best suited for you and make your journey of studying abroad a memorable experience.

 

Frequently Asked Questions 

 

Q1. What are some of the high-paying job roles in the UK?

Ans. Some of the high-paying jobs (average annual salaries in GBP) are:

  • CEO – 162,000
  • Executive Director – 161,000
  • General Manager – 131,000
  • Production Manager – 114,000
  • Product Executive – 98,100

Q2. What is the average annual salary for a MiM graduate in the UK?

For a fresh graduate, the average annual salary can be 35,000 GBP (INR 33,75,616), and with the increase in years of experience, the salary can rise to 67,000 GBP (INR 64,56,027).

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An International Higher Ed professional with 7+ years of experience studying, working, and living across three geographies, currently on a mission to share his journey as an International Student.