Masters in Business Management in the UK

Students who pursue their master's in business management in the UK learn all about management, planning, and operations involved in an organization. Once the program is complete, most students get placed with multinational companies. There are multiple courses for students to pursue in the UK and a Masters in Business Management is one of the best courses among them.

Why study the course in the UK? 

The United Kingdom is quite popular for business management courses offered. International students prefer Masters in Business Management as the program provides a thorough insight into various aspects and areas of an organization. Also, the courses align with the present global business trends and challenges. Some other reasons why the UK is the best place to pursue the course are listed below. 

• UK universities offer scholarships to international students, which allow them to cover the tuition and cost of living. However, the grants that are provided vary based on the university and the applicant's eligibility.
• The country also provides excellent opportunities to the students once they finish the course. The UK is also home to the top cities in the world, like London and Edinburgh, and these cities provide the best to start-ups and entrepreneurs. 
• Most of the Masters in Business Management courses in the UK have a duration of a year, or two, making it easy for students to complete the program quickly and then get into their dream job. 

Masters in Business Management in the UK: Course Highlights

Types of Masters in Masters in Business Management in the UK 

If you are wondering which course to pursue, you must understand that a master's degree in Business Management can be of two types: taught programs and research programs. In the taught programs, the students should attend the lectures and seminars conducted daily, bi-weekly, or weekly and assessed through an examination or a project at the end of the course year. This works pretty much like an undergraduate program. 

On the other hand, research programs are very similar to a Ph.D. but aren't as demanding as the latter, as the research papers are shorter and comparatively easier. Most of the research programs take 2 – 4 years, and students are also asked to submit a thesis of 60k – 100k words, and the same needs to be presented during the oral examination. The final grades will depend on the thesis as well the oral exam. 

The type of master's you choose for your business management program entirely depends on your choice. It is also important to check if the university you picked offers a similar master's program. 

Best Universities for Masters in Business Management in the UK

The United Kingdom has the top business management universities, providing immense knowledge and skills to students in various areas and aspects of business management. Some of the top universities with the best programs are listed below.

University of Durham – Durham University is one of the top universities that offer a one-year MSc in Business Management. The course covers various topics related to business and its activities. Students learn to prepare a business plan, implement multiple business strategies, integrate research abilities with key companies, and more.

King's College London – If you are looking for one of the best colleges for Business Management in the UK, King's College London offers a one-year MSc in International Business Management program. This is one of the international students' most preferred programs, and the approximate course fee is GBP 31,250. 

Loughborough University – An exceptional university with a Masters's program in International Business Management, Loughborough University provides students with the flexibility to design their degree based on what they would love to learn based on their goals and objectives. This university's international business management course will tone your skills and make you industry-ready. 

University of Central Lancashire – Central Lancashire University offers an MSc in International Business and Management with a course duration of a year. The course modules give an insight into the global business world with real examples of companies. Students can also avail themselves of paid internships and support from the campus team if they have an idea for a start-up.

ESCP Business School – This is one of the leading colleges for a Masters in Business Management in the UK. Students not only learn the challenges and USPs of the real business world but will also gain a lot of experience. The college has a two-year MIM- Master in Management program, and the course fee is GBP 22,700 per annum. 

Course Curriculum for Masters in Business Management in the UK

Students planning to pursue a Masters in Business Management in the UK should have prior knowledge of the course details. The program provides detailed knowledge of various global business aspects. The curriculum for the course is also designed by considering the present-day business scenario. Students will also learn about various techniques used by businesses via case studies. 

The Masters in Business Management is a perfect course for those looking for advancement in their managerial career. Some of the common subjects that will be covered in the course curriculum are, 

• Financial Concepts 
• Management Strategies
• People Management
• Quantitative Methods 
• Leadership

Eligibility Criteria for Masters in Business Management in the UK

The universities that offer programs in business management in the UK require the students to meet the eligibility criteria laid out by them. The eligibility can vary from one university to another; however, the common requirements of the colleges are listed below. 

Educational qualification – Students who wish to apply for Masters in Business Management should have a bachelor's degree in a related subject or business management with a minimum GPA of 4.0. Graduates from other streams with a related subject and a 60% average can also apply. 

English language proficiency test – The English language proficiency test is a mandate for international students. The students need to take tests like IELTS or TOEFL and achieve a pass. The results of the same have to be shared during the application process. Most colleges need an IELTS score of 7.0 or above and a TOEFL score of 80 and above. A few universities might also ask for GMAT or GRE scores. 

Work experience – Though having work experience is not mandatory for most courses, having one can be beneficial. A few universities to offer research programs might ask for a work experience of 2 or 3 years. 

Student visa – Students should also have a university acceptance letter and a UK student visa to study in the UK. International students need to plan for the visa in advance, which takes about 3 weeks to process. 

Admission Requirements for Masters in Business Management in the UK

Every university has its requirements for admission. Therefore, it is always advised to check the university's official website to learn about the documents needed and the eligibility criteria. However, a list of basic documents is mentioned below. 

• The statement of purpose
• A letter of recommendation
• CV or resume
• Previous academic documents
• Passport
• Proof of financial support
• English language test scores

Admission Process for Masters in Business Management in the UK

Students must follow a few steps to complete the admission process without hassle. First, let us have a look at what they are.

• Start by checking the official website of the university for eligibility and the documents required. Then, make a list of all the documents needed.
• Fill up the application form online, and pay the fee. 
• Once the application is submitted, you can prepare the documents needed to apply for a visa.
• If your application is approved, you will receive an email, and you might then be asked to give an interview or an entrance examination.
• Once the student passes the interview for the entrance exam, the university sends the letter of acceptance.
• Students can then accept the admission by sending them an email and starting the process for the study visa for the UK. 

Cost of Studying for Masters in Business Management in the UK

International students who wish to complete their master's from the top universities in the UK should consider the overall cost of studying. This includes the application fees paid, the cost of applying for the visa, the tuition fees, and the cost of living. 

The tuition fees charged by most of the universities in the UK can range between GBP 30,000 to GBP 78,000. However, this can vary again based on the program, duration, and university. 

The other costs include accommodation, food, transportation, study materials, utilities, etc., and the overall cost of living can come up to 10,000 GBP yearly. 

Scholarship for Masters in Business Management in the UK

Several universities provide paid internships or stipends as aid or scholarships. This helps cover many students' tuition fees or living costs. Details of some of the scholarships provided to the students who enroll in the Masters in Business Management are listed below. 

Common-wealth Masters Scholarship - Given to the students who are citizens of common-wealth countries - 1,236 GBP stipend per month

Imperial Excellence Scholarship - Given based on academic merit, experience, or leadership skills - Up to GBP 10,000

UCL Global Masters Scholarship - Given to students with a financial need - Up to GBP 15,000

LSE Master's Awards - Given to students in need - Can range between GBP 5000 up to a full award

Dean's Excellence Scholarship Programme - Given based on academic merit - GBP 5000 - GBP 10,000

Job Scope for Masters in Business Management in the UK

Students who complete their Masters in Business Management in the UK can find their dream job in the industry of their choice. There are various job options one can choose from. The role offered, and the pay scale will certainly depend on the skills and merit you hold. 

Let us look at some job roles one can apply for after completing their Masters in Business Management in the UK and the average pay scales. 

Business management is a job in demand and will remain so for the next decade. Hence, pursuing a Masters's Degree in Business Management in the UK will help your career advance and land that dream job you have always wanted.