MBA Salary in UK: Top Employers, and Job opportunities
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MBA Salary in UK: Pursuing an MBA in the UK can be a transforming experience for students as the UK is known for its world-class universities and high-quality education. It is vital for students to know the job prospects and an MBA graduate salary in UK before making a decision. In this article, we will cover the average MBA salary in UK including top specializations, job opportunities, etc.
The average salary for an MBA graduate in the UK can vary depending on several factors, including the specific university, specialisation, location, and years of experience. However, MBA graduates in the UK generally command competitive salaries. According to recent data, the average starting salary for an MBA graduate in the UK is around £45,000 to £55,000 per year. However, this figure can vary significantly depending on the factors mentioned above. For example, graduates from top-tier business schools in London may command higher salaries compared to those from other universities or regions.
Additionally, the specialisation chosen can also impact salary. MBAs in finance, consulting, or technology often have higher earning potential compared to other specialisations. This article contains the list of top specialisations of MBA in UK, their average salaries, return on investment (ROI) and the comparison of MBA salary in UK with other countries. But first, let us go through several reasons for choosing UK as your study-abroad destination.
Reasons to Study MBA in UK
Studying for an MBA in the UK offers several advantages and benefits. Here are some key reasons to consider:
- High-quality education: Universities in the UK that offer MBA programmes uphold a high standard of instruction and deliver a quality education. Businesses all over the world highly appreciate and value an MBA from a UK business school. Studying in the UK will definitely provide access to high-quality academics.
- Shorter course duration: In the UK, you can earn an MBA in one year as opposed to other nations where programmes normally span two years. You can enter the workforce sooner thanks to the shortened course time.
- Industry links: Universities in the UK actively work to establish tight ties with businesses in several fields. MBA faculty members frequently have extensive work experience, enabling them to offer real-world expertise and perspectives. These connections to the industry can help you network more effectively and advance your career.
- Global recognition: A UK business school MBA is highly regarded and acknowledged around the world. Businesses value graduates in practically every field, both locally and globally.
- Diverse course options: You can choose from a variety of MBA programmes offered by UK universities. Regardless of your area of interest—finance, marketing, entrepreneurship, or any other—you can select a programme that matches your preferences and professional objectives.
- Cultural experience: The UK offers a multicultural and diversified educational atmosphere that enables you to interact with students from all over the world. Your horizons may be expanded, and your sense of global perspective may be improved by this exposure to many cultures and viewpoints.
- Part-time work: A maximum of 20 hours per week of part-time work in the UK is allowed for international students. This helps students in offsetting the cost of studying in the UK.
- Diverse job sectors: Job sectors in the UK provide employment opportunities for individuals with various skills and interests. Finance, consulting, energy, engineering, etc. are some of the most popular job sectors in the UK.
In conclusion, studying for an MBA in the UK offers high-quality education, shorter course duration, economical tuition fees, industry links, global recognition, diverse course options, and a rich cultural experience. These factors make the UK an attractive destination for pursuing an MBA degree.
Top MBA Specialisations in UK in 2024-25
When pursuing an MBA in the UK, there are several specializations available that can help you develop expertise in a specific area and enhance your career prospects. Here are some of the top MBA specializations in the UK:
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- Finance: Developing expertise in financial management, investment analysis, risk assessment, and corporate finance is the main goal of an MBA specialisation in finance. For those who want to work in investment banking, financial consulting, asset management, or corporate finance, this specialisation is excellent. Some of the top MBA colleges in the UK for Finance include:
- Marketing: Students who specialise in marketing in their MBA programmes will have the knowledge and abilities to design successful marketing plans, carry out market research, build effective brand management strategies, and comprehend customer behaviour. For those who want to work in marketing management, brand management, market research, or digital marketing, this specialisation is helpful. Some of the top MBA colleges in the UK for Marketing include:
- Entrepreneurship: The abilities that are developed as part of an MBA specialisation in entrepreneurship include those for spotting business opportunities, making business plans, running businesses, and fostering innovation. For those who want to launch their own businesses, work for venture capital firms, or drive innovation within well-established organisations, this specialisation is appropriate. MBA colleges in the UK offering entrepreneurship programmes include:
- Consulting: Students who pursue an MBA with a consulting specialisation get the knowledge and abilities to analyse challenging business issues, formulate strategic recommendations, and offer customers insightful information. A career in management consulting firms or internal consulting positions within organisations can be prepared by this specialisation. Some of the top MBAs in the UK for consulting are offered by:
- London Business School
- Warwick Business School
- Cranfield University
- Operations Management: Supply chain management, logistics, process optimisation, and project management are the main areas of focus for an MBA specialisation in operations management. For those considering employment in supply chain consultancy, manufacturing, or operations management, this specialisation is helpful. Some of the top universities in the UK providing operations management include:
- Warwick Business School
- Manchester Business School
- University of Birmingham
- International Business: The global components of business operations, such as global market dynamics, cross-cultural management, international trade, and global strategy, are emphasised in an MBA specialisation in international business. People who are interested in working for multinational organisations, international consulting firms, or pursuing global leadership roles might choose this specialisation. Top universities include:
- University of Greenwich
- University of Birmingham
- University of Gloucestershire
- Birmingham City University
- Human Resource Management: The acquisition of abilities in talent management, performance management, employee development, and organisational behaviour is the main goal of an MBA specialisation in human resource management. Individuals who pursue this specialisation are prepared for positions in organisational development, human resource management, or HR consultancy. Some of the top universities in the UK offering MBA in HR include:
- Strategy: Students who specialise in strategy in their MBA programmes get the knowledge and abilities to evaluate company environments, create competitive strategies, and reach strategic conclusions. For those considering employment in management consulting, business development, or strategic planning, this specialisation is helpful. Top MBA colleges include:
- University of Warwick
- University of Portsmouth
- Edinburgh Napier University
- Healthcare Management: Healthcare policy, healthcare finance, healthcare operations, and healthcare marketing are just a few of the industry's distinctive difficulties that are covered in an MBA specialisation in healthcare management. People with this speciality are prepared for management positions in pharmaceuticals, healthcare consulting, or healthcare organisations. Some of the top MBA colleges include:
- University College London
- Coventry University
- Brunel University
These MBA specialisations in the UK are just a few examples. When selecting a specialisation, it is critical to conduct research and take into account your personal preferences, professional objectives, and market demand. Many MBA programmes also provide you the freedom to tailor your education by choosing electives that suit your hobbies and professional goals. Keep in mind that an MBA's value extends beyond its actual specialisation. Your MBA experience and professional achievements are significantly shaped by the entire curriculum, faculty expertise, networking opportunities, and reputation of the business school.
Job Opportunities and MBA Salary in UK
In this section of the article, we will look at the job opportunities and MBA salary in the UK. When it comes to job opportunities after an MBA, the following are some of the top sectors and job roles:
- Consulting: The best places to work for MBA graduates are known to be consulting firms like McKinsey, Bain, and BCG. These companies recognise what MBA graduates contribute to their organisations in terms of strategic thinking, problem-solving skills, and business acumen.
- Financial Services: MBA graduates are frequently hired by businesses in the financial services industry, such as investment banks, private equity firms, and asset management companies. Top employers in this industry include J.P. Morgan, BlackRock, and Goldman Sachs.
- Technology: MBA graduates are rapidly being hired by technology organisations, particularly those in the digital and innovation sectors. Businesses value the combination of business sense and technical expertise that MBA graduates bring to their teams, according to companies like Google, Amazon, and Microsoft.
- Healthcare: There is a demand for MBA graduates who can manage the business side of healthcare given the intricacy of the healthcare sector. Among the main employers in this industry are pharmaceutical corporations, hospital systems, and consulting businesses for the healthcare industry.
- Consumer Goods and Retail: MBA graduates are frequently hired by companies in the consumer goods and retail industries, including Procter & Gamble, Unilever, and Tesco, for positions in marketing, brand management, and supply chain management.
- Energy: MBA graduates are sought after by energy organisations for positions in strategy, operations, and project management, including oil and gas enterprises and renewable energy businesses.
It is crucial to remember that the top jobs for MBA graduates might change depending on elements including market developments, prevailing economic conditions, and personal career objectives. Your career prospects can also be impacted by the reputation and network of the individual MBA programme you attend.
MBA salary in UK is £44,735 per annum, on average (source: uk.talent). According to Payscale, MBA graduate salary in UK is £58,000 per annum. The following table provides MBA salary in UK along with different job roles (data has been sourced from Payscale):
| Job Role |
MBA Salary in UK (Range) |
Average MBA Salary in UK |
|---|---|---|
| Project Manager |
£32,000 - £80,000 |
£47,893 |
| Operations Manager |
£28,000 - £94,000 |
£44,704 |
| Management Consultant |
£43,000 - £112,000 |
£62,650 |
| Finance Manager |
£36,00 - £70,000 |
£50,400 |
| Business Development Manager |
£27,000 - £71,000 |
£43,821 |
| Senior Product Manager |
£59,000 - £105,000 |
£79,363 |
The following points provide further information about the MBA graduate salary in UK (information has been sourced from Glassdoor):
- Amazon: £65,000 - £83,000
- BT: £71,000 - £76,000
- Vodafone: £58,000 - £63,000
- Google: £73,000 - £79,000
- GSK: £57,000 - £63,000
Top Employers for MBA Graduates in UK
When it comes to the top employers for MBA graduates in the UK, there are several companies and sectors that value the skills and knowledge gained through an MBA program. Here are some notable employers:
| Top Employers for MBA Graduates in UK | ||
|---|---|---|
| Rolls-Royce |
British Petroleum |
Accenture |
| Microsoft |
Triumph Motorcycles |
HSBC |
| Novartis |
Barclays Bank |
Ubisoft |
| Hewlett Packard |
Atkin Global |
Mercedes Benz |
| Cisco Systems |
Deloitte |
IBM |
| Fujitsu |
Intel |
Robert Bosch |
| Siemens |
Microsoft |
Apple |
| Motorola |
American Express |
BBC |
| Barclays Bank |
Bloomberg |
Bank of America |
Average MBA Salary in UK: ROI
In this section of the article, we will look at the return on investment after pursuing an MBA in the UK. We will compare the annual tuition fees of the top universities with the average MBA salary in UK.
| University (Based on QS Subject Ranking 2023) |
MBA Annual Tuition Fee |
Average MBA Salary in UK |
|---|---|---|
| (QS Global MBA Ranking 2024: 4) (Shiksha Grade: A++ (Finance)) |
₹79.04 L |
£94,343 (Rs. 95.5 lakhs) |
| (QS Global MBA Ranking 2024: 9) (Shiksha Grade: A++ (overall)) |
₹79.98 L |
£96,429 (Rs. 97.6 lakhs) |
| (QS Global MBA Ranking 2024: 18) (Shiksha Grade: A++ (overall)) |
₹90.54 L |
£83,410 (Rs. 84.4 lakhs) |
| (QS Global MBA Ranking 2024: 36) (Shiksha Grade: A+ (overall)) |
₹58.09 L |
£101,631 |
(Source of Data: Shiksha Study Abroad)
MBA Salary in UK vs MBA Salary in Other Countries
The table given below provides a comparison between salary after MBA in UK and other countries. Data has been converted to USD for ease of comparison and has been taken from multiple sources:
| Country |
Average Salary after an MBA |
|---|---|
| The UK |
USD 65,642 |
| Canada |
USD 60,841 |
| Germany |
USD 77,000 |
| USA |
USD 90,000 |
It is important to remember that these figures are averages and can vary based on various factors. Additionally, salaries can change over time due to economic conditions and industry trends.
UK Post-Study Work Visa
The UK offers a post-study work visa known as the Graduate Route, which allows international students to stay and work, or look for work, in the UK after graduation. PSW UK is valid for 2 years and allows an international student to work in most of the jobs, look for employment, be self-employed, etc. After completing an MBA in the UK, students may apply for a post-study work visa if they wish to stay back and work.
For help with university applications, students seeking to study abroad can contact our Shiksha Study Abroad Counsellors. The comments section below allows candidates to contact us as well.
Q: Is university of West of Scotland good for international students?
Q: What rank is Wolverhampton University in UK?
The University of Wolverhampton is one of the best universities in the United Kingdom. The university is consistently ranked among the best universities nationally and globally. For nearly 200 years, the University of Wolverhampton has been consistently providing a quality of education to students and producing highly skilled graduates. The national rankings of the University of Wolverhampton are given below:
| Ranking Body | Ranking |
|---|---|
| The Guardian University Guide 2024 | #101 |
| The Complete University Guide 2024 | #117 |
Q: Does the University of Essex require IELTS?
International students whose native language is not English must meet the University of Essex English language requirements to get admission. The university accepts IELTS scores as proof of English language proficiency. Mentioned below are the IELTS scores required for UG and PG admission at the university:
English Language Test | Score |
|---|---|
IELTS | Overall score of 5.5 to 8.0 with minimum of 5.5 to 7.5 in each section |
The university also accepts the score of other English language tests such as TOEFL and PTE for admission to undergraduate and graduate programs:
English Language Test | Score |
TOEFL iBT | Overall score of 72 to 114 |
PTE | Overall score of 59 to 84 with minimum of 59 to 80 in each section |
Also read: Required IELTS Score for UK Universities
Q: How can I get admission in the University of Manchester?
The application process at the University of Manchester may vary depending on the course and level of study. However, here is the application process for UG and PG courses:
The Undergraduate Application Process:
Step 1: You can apply through the UCAS common application portal.
Step 2: Go to the website and select the course you are interested in.
Step 3: Ensure you meet the Entry requirements (Academic qualifications, English proficiency, etc.
Step 4: Once you decide on the course, submit documents such as SOP, Transcripts and personal statements.
Check out: tips to improve your SOP.
Step 5: You can track the application's progress through your given credentials by UCAS.
Step 6: Once the applicant submits the application to UCAS, it forwards to the University, and the admission teams carefully analyse the application document.
Step 7: The university will send you an offer letter once selected. Hence keep checking your UCAS portal for your application status.
The Postgraduate application process:
Step 1: Select the postgraduate course you are interested in from the University of Manchester.\
Step 2: Ensure you meet the entry requirements for the chosen program, as they vary depending on the course.
Step 3: Complete the online application by providing your personal information.
Step 4: Upload the required documents, such as Academic transcripts and proof of English language proficiency ( TOEFL/ IELTS). experience in your fields and references (depending on the course). You also may require Two LORs depending on the course.
To make your admission better, check out the following: How Admission Officers Evaluate your application.
Step 5: If your application is successful, you will receive an offer from the University of Manchester.
Q: Is Hertfordshire University hard to get into?
With a 70% acceptance rate, the University of Hertfordshire is not hard to get into and follows easy selection criteria during admissions. This does not mean the university accepts all the students applying for different programs. The selection is based on academic performance, English language requirements, references, and many more. Some of the programs at Hertfordshire even demand an experience of 4-5 years. Students must fulfill the eligibility criteria to enroll in any programme at Hertfordshire University. In addition, students with average performance can showcase their relevant experience or extracurricular activities participation to increase their selection probability.
Q: How much IELTS score is required for Hertfordshire University?
International students coming from diverse backgrounds must prove their English language proficiency by submitting the scores of IELTS, PTE, and Duolingo at Hertfordshire University. The university demands an IELTS score of 6 from the students. Along with the IELTS scores, students can refer to the table below for all the required English proficiency score:
English language test | Minimum Score required UG | Minimum Score required PG |
|---|---|---|
6 or above | 6 or above | |
59 or above | 58 or above | |
105 or above | 120 or above |
Q: What is University of Wales, Trinity Saint famous for?
University of Wales, Trinity Saint (UWTSD) was founded in 2010, is a public institution for higher education and research at multiple locations. It was set up under the 1828 royal charter of Lampeter, the institution was the result of the merger between Trinity University College and the University of Wales. The institution merged with the Swansea Metropolitan University in 2013.
- Top Ranked University: The UWTSD is not ranked by any major ranking body, however as per the university ranking given on the official website of the university, it is ranked among:
- #1st in Wales and UK Top 5 Film Production and Photography
- #1st in Wales and UK Top 5 Fashion and Textiles
- #1st in Wales and UK Top 20 Graphic Design
- #1st in Wales and UK Top 5 Education
- #1st in Wales and UK Top 20 Sports Science
- #1st in Wales and UK Top 20 Mechanical Engineering
- #1st in Wales for Fine Arts
- Variety of Courses: UWTSD offers more than 300 programs at various levels including undergraduate, postgraduate degrees as well as multiple online courses.
- Highly distinguished and learned faculties: the faculty at UWTSD is highly learned and distinguished which enables students to be the best in their field of study.
- High Placements: According to Graduate Outcome data 2019-2020 quoted by the UWTSD, more than 95% of its graduates were found to be employed within 15 Months of graduation. The average salary of a graduate is not explicitly released by UWTSD, however, as per some unofficial sources the average salary of the graduates of UWTSD is approximately INR 30-35L. with the highest salary being reported as high as INR 66.5L for jobs in Financial Services.
Q: What is the ranking of NTU UK in terms of employability?
According to Uni Compare rankings 2024, NTU has been placed at #1 in the UK for employability. In addition to this, as per the details available on the web, some of the top companies where NTU UK alumni work are Deloitte, Microsoft, Tesco, Turner & Townsend, The Access Group, etc. Some of the industries where the alumni work are Operations, Business Development, Arts and Design, Sales, Marketing, IT, Engineering, Finance, Media & Communication, etc.
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The University of the West of Scotland has five modern and diverse campuses in United Kingdom. The University has welcomed more than 3,000 international students which are representing 1/3 of the globe. They also have 130 European partners who are actively in global study and exchange options through the Commonwealth universities programmes. The University also offers study abroad opportunities for UWS who are eligible for the same and also have more than 20 transnational education partners worldwide which helps them deliver UWS Bachelors and Masters Degrees around the world.