We get it, you want to study MBA in London! Known as the financial capital of the world, London has also been ranked number one in the QS Best Student Cities 2024. Overcoming fears about Brexit, London has persevered and remains a top choice for international students. The UK capital is not only home to some of the best universities, but also the epicenter of business and finance. Hence, London offers immense opportunities for those who study MBA, Finance, and Management courses here.
Do you know?
London is a center of academic achievement. More than 70 Nobel laureates studied or worked at the University of London.
Every year, thousands of students around the world seek to study in London. London, the Queen’s residence, obviously matters! However, London’s popularity is not limited to palaces and even Big Ben. The city holds the title of the best student city in the world and is home to 18 top universities. All these factors are the main factors in attracting students to Study in London.
Excited, right… So, what are we waiting for? Let’s get started…
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Why Study MBA in London?
London, a global metropolis, offers a compelling backdrop for pursuing an MBA, with numerous renowned business schools and a plethora of opportunities for international students. Here are some key factors that make it an attractive destination for prospective business students:
Premier Business Schools
London boasts a constellation of top-tier business schools, including London Business School, Imperial College London, and Bayes Business School. According to the Financial Times 2017 rankings, these institutions consistently rank among the top 50 globally.
Lucrative Salaries
Graduates of MBA courses in London universities tend to earn substantially higher salaries. On average, professionals working in London earn approximately $90,000 more than their counterparts in other European cities such as Munich and Paris. For instance, within three years of graduating, MBA alumni from Imperial College London earn around $112,000, while those from Bayes Business School command an average salary of $121,000. London Business School graduates fare even better, with a staggering $154,000 in earnings.
Unparalleled Access to Global Corporations
London is an international financial hub, providing unparalleled access to some of the world’s leading companies for work experience and employment opportunities. Networking opportunities are abundant, enabling students to connect with a diverse array of professionals from around the globe.
Cultural Diversity
London’s rich cultural tapestry ensures that MBA students study alongside peers from diverse backgrounds. London Business School, Bayes Business School, and Imperial College London exhibit high levels of student diversity, with international students constituting 93%, 81%, and 88% of their respective MBA cohorts. This multicultural environment facilitates the forging of friendships and a sense of belonging among students. Thus, pursuing an MBA in London offers not only exceptional educational opportunities but also the potential for substantial financial rewards and a unique, culturally diverse experience. While the costs may vary, the advantages of obtaining an MBA degree in London are undeniably compelling.
Type of MBA Courses in London
For both international and domestic MBA students, London offers unparalleled access to the city’s financial services industry and the headquarters of many global corporations. And for those seeking a top MBA in London, there is no shortage: the UK’s influential business capital is home to a number of top business schools with programs taught by native English speakers. And perhaps more importantly, many of these London MBA programs are world-class, internationally accredited, and regularly top MBA rankings.
With unrivaled proximity to networking and career opportunities in the city, as well as easy and affordable access to the rest of Europe, MBA programs in London have something for everyone, from a variety of tracks and concentrations to programs that can fit any budget.
A wide variety of MBA degrees are available in London to meet the diverse interests and needs of international students. Below are a few of them:
- Full-Time MBA -2 years
- Part-time MBA -3-6 years
- Executive MBA – Varies (usually 1-3 years)
Note: For more details on Top Universities, refer to our “Best MBA colleges in London” post.
List of top universities to study MBA in London
London is a thriving hub for higher education and a magnet for aspiring business leaders. With its prestigious institutions, global corporate opportunities, and vibrant multicultural environment, studying for MBA courses from London Universities is a pathway to unparalleled career growth. Here’s a curated list of top universities in London for pursuing your MBA dreams along with average duration and MBA Colleges in London fees.
| University Name | Duration | MBA Fees |
| London Business School | 15-21 months | £109,700 (Total Fees) |
| Imperial College Business School | Full-time MBA – 1 year Global Online MBA – 21,24 or 32 Months Weekend MBA – 21 Months Executive MBA – 22 Months | Full-time MBA – £67,500 Global Online MBA – £45,700 Weekend MBA – £56,500 Executive MBA – £69,000 |
| Brunel Business School | 1 year full-time; 2 years part-time | £27,500 full-time £13,750 part-time |
| University of Chicago (Booth Business School) | Full-time MBA – 21 Months Weekend/Evening MBA – 2.5 to 3 years Executive MBA – 22 Months | Full-time MBA – $161,922 Executive MBA – USD173,500 |
| University of Westminster | 1 year | £19,000 |
| Bayes Business School | Full-time MBA – 12 months Executive MBA – 24 months Global MBA (Online) – 24 months | Full-time MBA – £50,500 Executive MBA –£55,700 Global MBA (Online) -£32,000 |
| Hult International Business School- Europe Campus (London) | Global One Year MBA – 1 Year Executive MBA – 2 Years Global Online MBA – 2 Years | Global One Year MBA – 1 65,900 GBP Executive MBA – 61,500 GBP Global Online MBA – 39,000 USD |
| ESCP Business School- London Campus | MBA in International Management- 10 to 34 Months Executive MBA – 18, 22, 30, or 34 months (part-time) | MBA in International Management- €57,000 Executive MBA – €79,000 |
| Warwick Business School (WBS)- University of Warwick | Accelerator MBA – 2 years Executive MBA (London) – 2 years | Accelerator MBA – €54900 Executive MBA (London) – €64220 |
Admission requirements for MBA in London
University of London MBA eligibility criteria vary by institution. However, a successful application usually meets the following eligibility requirements:
Academic requirement
To be considered for an MBA program in London, a student must have completed 3-4 years of undergraduate studies at an accredited Indian institution. In addition, these universities require applicants to pass a bachelor’s degree with the required honors. The minimum grade required varies by each London university and is between 65% and 70%.
Work experience
Most London universities require applicants to have some professional work experience for an MBA. When evaluating an application, these institutions take into account the candidate’s work experience, which should ideally be 3 to 4 years.
On the other hand, an Executive MBA requires applicants to have 5 to 10 years of work experience. In addition, these universities consider the role, responsibilities, managerial know-how, and skill development of the student.
Additionally, some students choose universities that do not require work experience as a prerequisite. Some of these educational institutions are
- Anglia Ruskin University
- Coventry University
- University of East London
- University of West London
- West London College
However, these educational institutions may not provide serious employment assistance to students, in which case they return to their home country for employment. In addition, these institutions require students to have a minimum IELTS score of 5.5.
GMAT Score
The Graduate School Admission Test (GMAT) is designed to assess skills for admission to a graduate management program such as an MBA. It assesses some key abilities of the student such as quantitative, analytical, speaking, reading, and writing skills.
Candidates must pass this exam with a certain minimum score. The minimum qualifying overall GMAT score for admission to London universities for an MBA is an average of 600 points.
In addition, some universities accept international students without GMAT scores, such as
- Imperial College Business School
- London Business School (LBS)
In addition, other requirements for admission to the above universities are:
- Bachelor’s degree in any discipline from a recognized university
- Minimum work experience of 2-3 years
- Recommendation letter
- A valid student visa
Knowledge of the English language
MBA programs in London are often difficult in terms of language. Therefore, universities require foreign candidates to have a good command of the English language. Therefore, students entering these institutions must pass the International English Language Testing System (IELTS) assessment.
To be successful at a London university, candidates must meet the minimum IELTS requirements, which are usually between 6.0 and 7.0.
However, not all London MBA universities require students to pass this exam. An IELTS score is not required for an applicant in the following cases:
- If English was the main medium of instruction in his/her school
- A UK university considers grades X and XII to assess language proficiency
- The university conducts its own exam to assess language skills or conversation
- The applicant wants to choose a pre-sessional English language course
- The university takes into account many other language assessment tests such as TOEFL, Cambridge English Proficiency (CPE), Trinity College London Integrated Skills in English (ISE) or Duolingo English Test.
Documents checklist for MBA in London
Before applying to London universities for an MBA, it is essential for students to invest time in significant research on these institutions. A set of documents is required for admission to the best business schools in London. Some general document requirements are listed below:
- CV or Resume
- LOR or Letter of Recommendation
- Proof of Funds
- Scorecards of GMAT/GRE
- Scorecards of IELTS/TOEFL
- SOP or Statement of Purpose
- Transcripts of all educational qualification
- Work experience certificate
Cost of MBA in London
In this section, we will discuss the cost of studying MBA in London.
Tuition fees
For an Indian student, the total cost of studying in London ranges from INR 24 lakh to INR 80 lakh. However, there are many scholarships that you can explore.
It’s true that investing in an MBA at a top business school can seem like a huge expense. But there is no such thing as a generic MBA. You are graduating with a “Harvard MBA” or “London Business School MBA”. That’s why your choice of business school is perhaps the most important career decision you can make.
An 18-month MBA program at London Business School costs almost £50,000 (about US$80,000) in course fees alone, although the school claims the average salary after graduation is almost three times that. A 21-month MBA program from Wharton costs around US$85,000 with an expected average salary of around US$120,000. In both cases, the return on investment (ROI) of an MBA degree is high.
Cost of Living
The cost of your living in London includes the cost of rent, food, entertainment, travel costs, etc. This is the amount of money you will need to survive in London as a student. However, costs vary depending on the lifestyle you choose.
Your total cost per month will include
- Accommodation – £150 – £1500
- Entertainment – £500
- Food – £250 – £1000
- Miscellaneous – £300
- Stationary – £150
- Transportation – £160
Therefore, the average cost of studying in London for an international student is around £860 – £1,200 per month, excluding rent. While your tuition costs may vary depending on your course.
Scholarships for MBA in London
To be considered for half or fully-funded MBA scholarships in London, applicants typically need to meet specific eligibility criteria.
These include being an international student, demonstrating strong academic achievements, having the qualifications for an MBA degree, possessing experience in international business management, obtaining good GMAT or GRE scores, and providing at least two exceptional letters of reference.
Keep in mind that various universities and scholarship agencies in the UK may have additional requirements due to the intense competition for these scholarships. To increase your chances of securing an MBA scholarship for Indian students in London, it’s essential to create a standout portfolio and resume.
Here are some of the scholarships to study MBA in London
| Scholarship Name | Award |
| Cambridge Judge Dean’s Scholarship | £15,000 |
| Chevening Scholarship | Fully-funded |
| Dean’s Impact Scholarship | £20,000: Global Online MBA and Weekend MBA £25,000: Full-Time MBA and Executive MBA |
| Black Future Leader Award | 50% of the tuition fee |
| Imperial Excellence Scholarship | Up to £10,000: Global Online MBA and Weekend MBA Up to £15,000: Executive MBA Up to £20,000: Full-Time MBA |
| Inlaks Scholarship | Up to USD 100,000 |
| Manchester Merit Scholarship | Varies |
| ULMS Liverpool MBA Executive Scholarship | 75%, 50%, and 30% waivers are available |
When applying for scholarships, make sure to read and follow the specific eligibility criteria and application deadlines for each one. Additionally, reach out to the admissions or financial aid office of the business schools you are interested in to inquire about the scholarships they offer and any additional funding opportunities. Remember that scholarship availability and criteria can change from year to year, so it’s essential to stay updated and plan for your MBA in London. If you need any help, connect with our experts – “Study Abroad Consultants in Kochi”
Also, read: Scholarships to Study in UK
Job opportunities after MBA in London
After completing MBA courses in London universities, job opportunities abound in this vibrant global hub. While London MBA college fees can be substantial, the investment often pays off with competitive salaries and diverse job prospects. The cost of pursuing an MBA in London is offset by the city’s renowned financial, tech, and consulting sectors.
With numerous universities in London for MBA, graduates can explore roles like-
- Financial Analyst
- Finance Consultant
- Finance Associate
- Human Resource Manager
- Equity Portfolio Manager
- Business Analyst
- IT Manager
- Senior Business Leader
- Business Development Manager
- Entrepreneurship, and several others.
Salary of MBA graduate in London
The salary of an MBA graduate in London can vary based on factors such as industry, experience, and the specific role. On average, MBA graduates in London earn a competitive salary, with starting salaries ranging from £50,000 to £80,000 or more, and seasoned professionals often command significantly higher remuneration, making it a lucrative career choice.
For your instance
London Business School boasts an impressive MBA placement rate of 94%. Furthermore, the 99% reporting rate demonstrates the commitment to transparency and accountability of the University. The graduates have successfully landed positions at prestigious companies like Amazon, Google, McKinsey, and Goldman Sachs, spanning various sectors. In terms of compensation, the average salary for 2022 was £94,343, reflecting the school’s global appeal, with 89% of students hailing from international backgrounds.
Conclusion
There you go! We have served you a lot of information, isn’t it? Do you want to make a career decision now? Not settled yet? In case, you feel indecisive or confused, do dial us up.
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Talk to our study abroad experts with 20+ years of experience to know yourself in and out! We have helped several brilliant but confused minds with the aim to select their most-suited career choices. Hear the success story of Aayush who got an offer from the top 3 universities and is now studying at the University in Ottawa in Canada after getting career guidance from our industry experts!
Also Read:
- All You Need to Know About Study in UK
- Best Colleges in London
- Study in UK without IELTS
- MBA in UK
- Crack MBA Entrance Exams
- Choosing the Right MBA Specialization
- Best country for MBA
- Top MBA Colleges in the World
- MBA Universities in UK
MBA in London: FAQs
Students wishing to pursue an MBA program in London must have a bachelor’s degree or equivalent. Most universities also require applicants to have at least 3 years of work experience and an IELTS score of 6.0 – 6.5.
Students prefer to study in London because of its high quality of education, wider career opportunities, and access to a global network.
The best MBA specializations in London are finance, marketing, human resources, consulting, and operations management.
The UK is one of the countries that pay the highest MBA salaries in the world. In London, the average salary for MBA graduates is £57,500 (Rs. 57,29,636).
Anushree Rastogi is a Senior Content Writer at iDreamCareer, bringing over 5 years of expertise to the field of career counseling. She has done a PGDM in Marketing and Finance and possesses a unique blend of skills that allows her to craft engaging and informative content. She is passionate about helping individuals navigate their career paths and has dedicated her career to providing valuable insights through her content. Her commitment to excellence and keen understanding of the career landscape make her a trusted guide for those seeking professional direction. With a flair for clear and engaging writing, Anushree is on a mission to empower others to make informed and fulfilling career choices.
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