MBA in London: Fees 2024, Top Colleges, Placement and Salaries

MBA in London is a 1 to 2-year professional postgraduate course in the business field. Executive MBA programs are also offered in London for individuals with work experience looking to advance in their careers. MBA graduates are in high demand in the London business landscape due to their strong business fundamentals and analytical skills. In 2023, 91% of MBA graduates received job offers within 3 months of graduation as per London's top business schools. 

To get admission to MBA in London, UK, you should complete your undergraduate with UK Second Class Honours or 60%. As an international applicant, you need to submit a minimum GMAT score of 600 and a GRE score of 314, along with an IELTS score of 7.0 and above. You can expect to spend between GBP 19,000 to 110,000 on tuition fees in top B schools in London. Additionally, the average cost of living in London is between  £20,000 - £22,000 per year (~20.8-22.3 Lakhs INR) annually. Though the cost of attendance for a Master of Business Administration, London is high, the universities offer scholarships and funding opportunities up to 100% reduction in tuition fees.

Some top B Schools in London offering MBA programs include Imperial College Business School, London Business School, Brunel University London and University of Westminster. MBA graduates in London can earn an average salary of £35,000 to £150,000. After completing your MBA in London, you can find jobs in top multinational companies like Amazon, BT Group, Google, Vodafone, GSK, Harrods, and American Express. 

Top MBA Colleges in London

MBA in London is known for its global recognition and popularity. Along with academic excellence, MBA colleges in London provide exposure, technical advancements and research opportunities. Some of the highly regarded B Schools in London and details of their respective MBA programs are given in the table below:

London is a global centre for business and finance, and the top B schools in London reflect the status with their high-quality programs. 

Top Programs for MBA in London

London B-schools offer specializations, from finance and entrepreneurship to healthcare and sustainability. The top 3 Master of Business Administration in London programs are – 

London's top-ranked quality programs attract international students fostering a diverse learning environment. This can help you develop an international network to strengthen your career prospects.

Executive MBA Programs in London

London B schools also offer executive MBA programs designed for experienced professionals with significant work experience.

Why study MBA in London?

MBA in London at renowned institutes like London Business School and Imperial College London are known for their world-class academics and career prospects. 

1. Top-Ranked London Business Schools: London is home to top B schools like LBS, Imperial College Business School & Bayes B-School which consistently rank high in global MBA rankings.
2. London as a Financial Centre: London is home to the headquarters of top multinational companies providing access to internships, and potential job opportunities.
3. High Earning Potential for London MBA Graduates: London MBA graduates earn an average salary of $154,000 three years after graduation.
4. Low Unemployment Rate in London: With only a 4.5% unemployment rate, MBA graduates in London can secure good employment opportunities.
5. International Exposure: London attracts students from across the globe, creating a diverse learning environment.  
6. Focus on Practical Skills: Many MBA in London programs emphasize practical skills development, giving you a competitive edge in the job market.

Studying for an MBA in London offers a unique combination of academic excellence, international exposure, and strong career prospects.

Check Out: Top Business Schools in UK

MBA in London Admission Process

MBA degrees in top universities in London are extensive professional degrees with specific entry requirements. To pursue MBA in London, students must have a strong academic record with high test scores (GMAT/GRE). 

When to Apply? Most London B-schools offer multiple intakes throughout the year, the most common being September (fall) and January (winter). Some schools also have a summer intake in May/June. 

Eligibility Criteria for MBA in London 

Getting admission to MBA in London is not an easy task, you’ll have to fulfil the basic requirements for admission set by the top universities. The common eligibility criteria across top B schools in London are – 

• Academic Background: Bachelor's degree with 60% (generally a 2:1 UK honours degree)
• Work Experience: 3+ years (Not Mandatory for MBA), 10+ years (Executive MBA)
• Standardized Tests:
  • GMAT: 600 to 720
  • GRE: 160+ each (Verbal & Quantitative) 
• English Proficiency Test Score:
  • IELTS: 7.0 or above
  • TOEFL: 90 to 100

Other Documents Required for Admission to MBA in London

• Statement of Purpose (SOP)
• Letters of Recommendation (LOR)
• Updated CV
• Proof of Funds

MBA in London Admission Requirements

Most of the top universities in London offering an MBA degree require competitive GMAT/GRE scores. The details of the entry requirements for MBA in London are given below – 

Also Read: MBA in UK without GMAT

MBA in London: Cost of study

The United Kingdom is one of the most sought-after countries for studying abroad for international students. London is a hub of talent, excellence and industrial exposure, hence studying here will cost you a hefty amount of money.  The cost of study in UK will include the cost of living and the tuition fees a student is paying for an MBA in London.

MBA in London: Tuition Fees

The estimated total tuition fees for pursuing MBA in London is 19,000 GBP- 115,000 GBP (19.33 lakhs - 1.22 Cr. INR). Top-ranked schools like LBS can have tuition fees exceeding £80,000, while some universities offer programs for around £19,000. The tuition fees of top universities offering MBA in London are:

Affordable MBA in London Programs

MBA in London is a profitable investment with students spending an average of 60,000 GBP and earning 85,000 annually after graduation. However, this can still be a significant investment. Some cheapest MBA colleges in London are – 

• Living Expenses: London is a popular city with a high cost of living. You can expect to spend roughly £850 to £1,350 per month on accommodation, food, transportation, etc.
• Additional Costs: Consider additional costs like application fees, visa processing fees, health insurance, and potential travel expenses.

Check in Detail: Cost of Living in London

Scholarships for MBA in London 

If you are planning to study in London for a MBA degree you should know that it can become heavy on your pocket. For that reason, London universities provide different scholarships in the UK for international students to lighten their burden. Following are some of the scholarships offered to international students who are applying for MBA in UK.

Check Out: UK Scholarships for Indian Students 

MBA in London: Job Opportunities

Students can get jobs after MBA in UK at companies like Amazon, Citibank, Financial Conduct Authority, Paribas, and Santander.

The programs of MBA in London can help you boost your career in the business sector positioning you in well-paid roles. The top job sectors where MBA graduates in London can pursue careers along with the average annual salaries are –  

Top Recruiters

MBA graduates in London can find job opportunities in globally renowned companies such as – 

• McKinsey & Company
• Google
• Boston Consulting Group
• Wintermute
• Bain & Company
• Accenture
• British International Investment
• Meta

London is a global business hub, a diverse and multicultural city with highly ranked business schools offering high-quality globally recognized MBA programs. The salary prospects after MBA in London are promising with multiple entrepreneurial opportunities in the thriving start-up ecosystem. According to QS Top MBA Rankings 2023, London is one of the top cities in the world for MBA studies. London Business School is one of the best business schools globally. Therefore, an MBA in London can provide students with a valuable and enriching experience that can benefit their career prospects in the long term.

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