Choosing to do your master’s in international business in the UK is a smart move, particularly if you consider the ever-growing scope of the field in the country. This program is mostly a one-year full-time course that costs around £15,000-30,000 (roughly INR 15-30 lakh). 100+ institutions offer MS in international business in the UK, including some globally acclaimed names.
Pursuing this course paves the way for rewarding careers ahead. The average MSc International Business Management salary in UK stands at roughly £25,000-50,000 (INR 25-50 lakh approx.) per year.
Table of Contents
Why study master’s in international business in the UK?
Completing MSc in International Business in the UK or any equivalent master’s course will give you various benefits. They include the following:
● While many prefer doing an MBA in International Business in the UK, experts feel that the MSc in International Business Management would be a better bet for gaining a truly global perspective.
● The UK is home to the world’s highest-ranked international business and management institutions.
● The average MS or MBA in international business salary in UK is lucrative, hovering between £25,000-50,000 (INR 25-5 lakh approximately) per year.
● International business graduates can also earn higher salaries in many UK cities like Birmingham, Bristol, and Swindon.
● From finance and business management to HR, graduates are eligible for various positions across leading companies in the UK.
Top universities in the UK for master’s in international business
Here are the leading universities for master’s in international business in the UK as per global rankings.
|
2021 QS World Ranking |
Name of the Institution |
Cost of Course (approx) |
|
24 |
University of Warwick |
£29,250 (INR 29 lakh) |
|
32 |
University of Manchester |
£24,000 (INR 23-24 lakh) |
|
99 |
Aston University |
£20,350 (INR 20 lakh) |
|
61 |
City, University of London |
£25,500 (INR 25 lakh) |
|
66 |
Lancaster University |
£23,000 (INR 22-23 lakh) |
|
84 |
Oxford Brookes University |
£15,400 (INR 15 lakh) |
|
80 |
University of Leeds |
£28,000 (INR 27-28 lakh) |
|
121 |
Durham University |
£23,500 (INR 23 lakh) |
|
142 |
Loughborough University |
£23,000 (INR 22-23 lakh) |
|
132 |
University of Nottingham |
£24,975 (INR 24 lakh) |
Cost of studying master’s in international business in UK
The UK offers slightly cheaper course costs as compared to many other global countries. Here’s looking at the anticipated costs:
● Visa registration charges- £348 (INR 34,000)
● TOEFL/IELTS charges- £169-228 (INR 16-23,000)
● Application Costs- £50-100 (INR 5-10,000)
● Tuition Fees- £15-30,000 (INR 15-30 lakh)
● Accommodation- £1,022-1,477 (INR 1.02-1.48 lakh) per month
● Internet Costs- £25 (INR 2,500) per month
● Transport Costs- £142 (INR 14,000) per month
● Food & Essentials- £70 (INR 7,000) per month
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Requirements for Admission
You may apply directly to universities in the UK via their official websites. Here are the eligibility guidelines:
● Undergraduate course in any field.
● Minimum marks of 50-60% in graduation.
● GMAT/GRE scores, depending on the university.
● References and statement of purpose (SOP).
● CV/Resume along with two years of work experience at some universities.
● Letter of sponsorship.
These are the admission requirements for studying international business in the UK. Students also must provide their scores in English language proficiency tests such as TOEFL or IELTS. The recommended scores are 72-90 in TOEFL iBT and 6-6.5 in IELTS.
Job Prospects after doing MS in international business
The UK offers excellent job prospects for students of international business. Graduates can work in diverse business fields, including public relations, finance, manufacturing, international finance, non-profit, and consultancy. They may find work as financial traders or business development executives.
They may also work as business analysts, digital marketing managers, marketing specialists and business development managers. Average salaries range between £32,000 and £94,000 (approximately INR 32-94 lakh) for graduates.
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Visa procedure to be followed
International students above 16 should apply for Tier-4 General Visas for studying in the United Kingdom. This will enable up to 20 hours of work every week and full-time work throughout the breaks and holidays. The documents for the visa include the following:
● Passport Copy
● Test results for tuberculosis
● Certificate of Criminal Record
● Proof of funds for covering tuition, accommodation, and living costs
● Sponsor’s consent for the visa application
● Present photograph (passport-size)
After that, the documents are processed with the application and applicants are called for the final visa interview. This completes the process.
Available Scholarships
Many scholarships are available for those pursuing MS in international business in the UK. The Chevening Scholarships and Commonwealth Scholarships for PhD and master’s students are good options. The latter is provided to all 62 Commonwealth nations, inclusive of India. Aspirants can also consider the Saltire Scholarships and other Government grants.
Here are some scholarships available at universities in the UK:
|
Name of the Scholarship |
University |
Scholarship Amount |
|
Vice Chancellor’s International Scholarship |
Aston University |
£8,000 (INR 8 lakh approximately) |
|
WBS Scholarship |
University of Warwick |
50% of the tuition costs |
|
Alliance MBS Masters Scholarships for UK/EU/International Students |
University of Manchester |
100% of the cost of tuition |
|
Leeds University Business School Alumni Excellence Scholarship |
University of Leeds |
10% of the tuition costs |
|
Oxford Brookes Sanctuary Scholarship |
Oxford Brookes University |
100% of the tuition fees and living costs |
|
Alumni Bursary |
Loughborough University |
10% of the tuition fees |
|
Future Fund Women’s Leadership MSc Scholarship |
City University of London |
£10,000 (approximately INR 10 lakh) |
|
Alumni Scholarship |
Durham University |
25% of the tuition fees |
FAQs
Q1. Is the UK good for International Business?
A. Indeed, the UK is a good study destination for international business students. They will get exposure to the world’s leading universities and institutions for the subject along with exposure to top companies, mentorship, and internships alongside. Several reports have ranked the UK as the leading global study hub for international business. Though tuition costs are high, while there are great job opportunities too.
Q2. Which university is best for International Business in the UK?
A. Many globally acclaimed universities offer courses in international business in the UK. Some of the top names include the University of Manchester, University of Warwick, University of Leeds, and Aston University, to name a few. The City University of London is another good choice for students looking to pursue MS in international business in the UK.
Q3. What is the scope of an MBA in International Business from the UK?
A. An MBA in international business will naturally give you access to the UK’s best institutions and employment opportunities. Graduates will find immense scope for growth and lucrative career opportunities in foreign investment, international trading of services and goods, corporate governance and management in MNCs and other private and government organisations. There is a great scope of research and further academic development in the field.
Q4. Which gives you more employment with good salary packages- an MSc in international business or an MBA international business with only one year of experience in the UK?
A. An MBA in international business is a good option for those with prior work experience and looking for a more spread-out, diversified option. It gives you the managerial skills needed and a good salary package. Some academics feel that MSc in international business is a better option for those looking for specific global study and exposure. The salary for MSC graduates is also competitive but could be lesser than MBA graduates.
