Top 10 Master in Management Program in United Kingdom
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The Master’s in Management (MIM) program in the UK is a rigorous, full-time taught program typically lasting for one year. Its primary objective is to equip recent graduates from various academic backgrounds with the necessary skills and knowledge for successful management careers. Masters in management in UK fees typically range from 16,000 to 45,000 GBP. Indian students considering MIM programs at top UK universities can expect the approximate cost to be between 16 and 45 lakhs INR.
The popularity of MIM programs in the UK has been steadily rising as an appealing alternative to pursuing an MBA degree. Admission to MIM programs in UK universities does not require a previous management degree or work experience. However, applicants must fulfil the basic admission requirements and meet specific eligibility criteria based on their country of origin. Indian students, for example, are typically required to have a minimum of 60% in their bachelor’s degree to be eligible for admission. While some universities may request GMAT scores, it is possible to apply for a masters in management in UK without GMAT in several universities.
The overall cost of studying in the UK may appear daunting to students. However, there are scholarship opportunities available specifically for international students, which can help alleviate the financial burden. Although MIM programs may offer slightly lower returns compared to MBA courses, they are highly respected and provide ample opportunities for career advancement in the field of management. Upon graduation, MIM graduates can anticipate earning an average annual salary ranging from 50,000 to 67,000 GBP (equivalent to 50.16-67.21 lakhs INR).
Why Study Masters in Management in UK?
According to the Centre for Global Higher Education at University College London, studying in the UK is the second most popular choice for international students. There are several compelling reasons to pursue a Masters in Management in the UK:
Wide Range of Universities: The UK boasts more than 35 universities offering Masters in Management programs, including six institutions ranked among the top 100 in the world according to the QS World University Rankings 2023
Prestigious Rankings: The QS World Subject Rankings 2023 identify seven top UK universities for Masters in Management within the top 50 globally for Business and Management Studies. This indicates the high quality of education and reputation of these institutions
Cost Advantage: Compared to pursuing an MBA in the UK, the masters in management in UK fees are approximately 50% lower. This makes it a more affordable option while still providing valuable education and career prospects
In-Demand Skills: Masters in Management programs in the UK equip students with sought-after skills that businesses, both large and small, value when hiring for research roles across various industries. This ensures graduates are well-prepared for the job market
Abundant Job Opportunities: As of November 2022, the UK’s unemployment rate stood at 3.7%. This indicates a favourable job market with ample opportunities for graduates to secure employment and embark on successful careers
By considering these factors, pursuing a Masters in Management in the UK presents an attractive opportunity for international students seeking quality education, valuable skills, and promising career prospects.
Masters in Management in UK-Top Universities
Application Deadline for the Master of Management in the UK
Masters in Management in UK- Admission Process
To apply for a Master in Management program in the UK, applicants must meet specific admission requirements set by each university. Some key requirements are as follows:
Application Process: Applicants are typically required to submit their application online through the university’s website. The application form should be completed accurately and include all necessary information
Application Fee: A non-refundable application processing fee is generally required for all applicants. The exact amount varies among universities, with some of the top UK institutions charging application fees ranging from 60 to 100 GBP (approximately 6,000-10,000 INR)
Application Timeline: The application period for Masters in Management programs in the UK often starts in September in many top universities. However, specific admission deadlines vary. In some cases, universities may have deadlines in June or July. It is crucial to check the deadlines for each institution you are applying to
Rolling Admissions: Certain universities, such as Imperial College Business School and the London School of Economics, have a different admissions process. They review applications on a rolling basis and do not have specific application deadlines. It is advisable to submit your application as early as possible for universities with rolling admissions to increase your chances of acceptance.
Remember, these requirements may vary slightly between universities, so it is essential to check the specific admission guidelines provided by each institution you are interested in. Paying attention to the application process, fees, timeline, and any additional requirements will ensure a smooth and successful application experience.
Eligibility Criteria for Master’s in Management Program in the UK
The eligibility criteria for Masters in Management programs in the UK are generally consistent across universities. Here are the key eligibility requirements:
Academic Qualifications: Applicants should hold an undergraduate degree that is equivalent to a UK first-class or upper second-class honours (2:1) degree. Universities also accept degrees with an equivalent GPA of 60-70%
English Language Proficiency (ELP): International students are required to demonstrate their English language proficiency by submitting scores from recognized English proficiency exams. Commonly accepted exams and their score requirements include: IELTS: A score of 6.5 to 7.0; TOEFL: A score of 93-100
Standardized Exam Scores: While not mandatory for all universities, submitting standardized exam scores like GMAT or GRE can be advantageous. Some universities may require these scores as part of the admission application. You must check the specific requirements of each university you are applying to
It is important to note that while these criteria provide a general guideline, individual universities may have slight variations in their requirements. It is recommended to carefully review the eligibility criteria provided by each university to ensure you meet their specific requirements
By fulfilling these eligibility criteria, applicants can increase their chances of securing admission to a Master in Management program in the UK.
Documents Required for a Master in Management Program in the UK
To apply for a Master in Management program in the UK, applicants are typically required to submit the following documents as part of their admission application:
Completed Admission Application Form: The official application form provided by the university, which must be filled out accurately and completely
Payment of Application Fee: Applicants are usually required to pay a non-refundable application fee as part of the application process. The specific fee amount varies depending on the university
Academic Transcripts: Official transcripts or academic records from all educational institutions previously attended, providing a detailed overview of the applicant’s academic performance and achievements
Proof of English Language Proficiency: International students are required to demonstrate English language proficiency by submitting scores from recognized language proficiency tests such as IELTS or TOEFL
Standardized Exam Scores: Some universities may require applicants to submit scores from standardized exams such as the GMAT or GRE. However, not all universities have this requirement, so it is important to check the specific requirements of each institution
Current CV: A curriculum vitae (CV) or resume that highlights the applicant’s educational background, achievements, work experience, and relevant skills
Referees: The names and contact details of 1-2 referees who can provide a reference for the applicant’s academic or professional abilities
Statement of Purpose (SOP): A statement of purpose should provide a detailed account of the applicant’s background, interests, goals, and reasons for pursuing the Masters in Management program
Application Essays: Some universities may require application essays where applicants explain their motivations for joining the program and why they have chosen the specific university or college
Interviews: Certain universities may request an interview as part of the application process. If required, applicants will be notified and scheduled for an interview with the university.
It is important to note that work experience is not mandatory for Masters in Management programs in the UK. However, having relevant internship or work experience, up to a maximum of two years, can be beneficial in the admission application
Applicants should carefully review the specific requirements of each university they are applying to, as requirements may vary slightly.
Cost of Studying Masters in Management in UK
Studying abroad is a crucial investment made by a student to pursue higher education in the UK. The expenses associated with pursuing a Master’s in Management in the UK encompass more than just the tuition fee for the program. They also include pre-arrival costs as well as travel and accommodation expenses. On average, the tuition cost for pursuing a Master’s in Management in the UK is approximately 30,000 GBP, which is equivalent to 30 lakhs INR. Additionally, the total annual cost of living in the UK is around 12,000 GBP, which is equivalent to 12 lakhs INR. These figures provide a general estimation and may vary depending on the specific university and location.
Studying Masters in Management in the UK is a significant investment for students seeking higher education abroad. This investment encompasses various costs, including tuition fees, pre-arrival expenses, and travel and accommodation costs. Here is a detailed breakdown of the expenses involved:
Tuition Fees: The international tuition fees for Masters in Management programs in the UK typically range from 16,000 to 45,000 GBP (16-45 lakhs INR)
Among the top 10 universities in the UK that provide Master’s in Management programs, the program offered by the London Business School is the costliest. It has a tuition fee of 44,900 GBP (equivalent to 45 lakhs INR) for a duration of 12 months. On the other hand, Birmingham City University is relatively less expensive, with a program fee of 16,300 GBP (16 lakhs INR) for international students
Pre-arrival Costs: Pre-arrival expenses include application fees, visa fees, health insurance, and any necessary exams or certifications. The specific costs may vary depending on the individual circumstances of each student
Travel and Accommodation Expenses: Students need to consider the costs associated with travel to the UK, such as airfare and transportation. Additionally, accommodation expenses, such as rent, utilities, and other living costs, should be taken into account. The average yearly cost of living in the UK is estimated to be around 12,000 GBP (12 lakhs INR)
It is important for students to carefully plan their finances and consider all these expenses when budgeting for their Master in Management studies in the UK. Additionally, it is worth exploring scholarship opportunities and part-time work options to help mitigate the financial burden and ensure a smoother experience during their time abroad.
Employment Opportunities and Salary after Masters in Management in UK
Upon completing their Masters in Management in the UK, graduate students have numerous opportunities across various sectors for employment. Graduates from UK universities can explore job prospects within the UK or consider opportunities in other countries based on their preferences.
On average, graduates of Masters in Management programs in the UK can expect an annual salary package of around 35,000 GBP. International students benefit from a two-year Post-Study Work visa in the UK, which facilitates the application for various job opportunities after graduation, allowing them to stay and work in the UK. This provision enhances the prospects for international students to gain valuable work experience and potentially secure long-term employment in the country.
Students aspiring to pursue international education and seek professional opportunities in the field of management have the option to enroll in a Master’s in Management program in the United Kingdom. This program offers a comprehensive understanding of managing individuals and organizations in practical settings, providing students with a solid foundation. Additionally, the curriculum of this program emphasizes the acquisition of knowledge and skills that are highly valued by top-tier companies, encompassing areas such as business analysis, marketing, financial management, leadership, and strategy. For more detailed information, reach out to Manya-The Princeton Review’s expert counsellors who will help you in your study abroad journey.
Is it possible to pursue a Master’s in Management program in the United Kingdom without the requirement of GMAT scores?
Several business schools in the United Kingdom that offer Master’s in Management programs do not necessitate GMAT scores as a requirement for admission.
Is work experience necessary to pursue a master’s in management in the UK?
While work experience is preferred by certain business schools, it is not typically a mandatory prerequisite for admission into master’s in management programs in the UK.
Are there master’s in management programs in the UK that offer placements?
Several renowned universities in the UK provide a placement route for master’s in management programs. Students who choose the placement route through the university typically undertake a two-year course, with one semester or a full year dedicated to gaining industry experience through placements.
Is the GMAT mandatory for master’s in management programs in the UK?
While some universities may request GMAT scores as an additional assessment criterion, it is not mandatory for most popular universities to require GMAT scores as part of the application process for master’s in management programs.
What is the cost of pursuing a master’s in management in the UK?
The cost of a master’s in management program in the UK from top universities can range from 19-33 Lakhs to complete the entire program. Additionally, you will need to consider the cost of living in the UK, which varies from city to city. London tends to be the most expensive, while on average, the annual cost of living in the UK ranges from 14-17 Lakhs.
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