Posted by : Geeta Sharma
Author Designation : Marketing & PR (Delhi)
Top 5 Affordable Universities in London for MBA
London is a vibrant education hub, which attracts many international students from around the globe. In the academic year 2021-22, the United Kingdom welcomed 679,970 international students, marking a record-breaking milestone in international education. This influx of international students constituted approximately 24% of the total student population, underscoring the UK's enduring appeal as a global education hub. A course at affordable MBA colleges in the UK will give you the foundation for a rewarding global career. Many of these universities offer accredited degrees and cost-effective options with one-year programs that help students enter the job market quickly. Many of these programs do not require work experience but also enable students to do part-time work.
London is a hub for elite MBA programs, housing prestigious universities like London Business School, Imperial College Business School, and Cass Business School, known for their academic rigour and global reputation. Its remarkable diversity enriches the educational landscape and reflects the UK's commitment to fostering cross-cultural exchange and collaboration within its higher education institutions.
Here are details about the top 5 affordable colleges in London for MBA students:
1. University of East London (UEL)
- Tuition Fees: Approximately £14,340 per year.
- Program Highlights: UEL offers an MBA designed to enhance leadership and management skills. The program includes modules in strategic management, finance, marketing, and more.
- Scholarships: Various scholarships available for international students, including merit-based and country-specific scholarships.
- Location: Docklands and Stratford, East London.
2. London South Bank University (LSBU)
- Tuition Fees: Around £14,470 per year.
- Program Highlights: LSBU's MBA focuses on practical leadership and management skills with opportunities for placements and internships. The program emphasizes innovation and entrepreneurship.
- Scholarships: Offers a range of scholarships and financial aid options for international students.
- Location: Southwark, Central London.
3. University of West London (UWL)
- Tuition Fees: Approximately £15,000 per year.
- Program Highlights: UWL's MBA program offers a focus on contemporary business issues, with strong links to the business community and opportunities for networking.
- Scholarships: Several scholarships and bursaries are available, including those for international students.
- Location: Ealing and Brentford, West London.
4. Middlesex University London
- Tuition Fees: Around £18,000 per year.
- Program Highlights: The MBA program at Middlesex is designed for professionals seeking to advance their careers. It offers specializations in finance, marketing, and international business.
- Scholarships: The university provides various scholarships, including merit-based and country-specific awards.
- Location: Hendon, North London.
- Tuition Fees: Approximately £19,050 per year.
- Program Highlights: Coventry's MBA program is highly career-focused, offering students practical experience and industry engagement. The program covers core business areas and offers electives in global business.
- Scholarships: Scholarships and financial aid are available for both domestic and international students.
- Location: The City of London, close to the financial district.
Cost of Studying and Associate Cost
One-year MBAs will mostly cost around £10-15,000 if you are studying at affordable MBA colleges in the UK. The average fees stand at about £14,000 per year.
Other than the tuition fee, the cost of studying also includes the living expenses that comprise accommodation, transportation, food, electricity and other bills, personal expenses, and other miscellaneous expenses. The cost of living while studying in London is around £1,300-1,400 per month. You may estimate approximately £2,500 for staying at a prime locality in London while spending roughly £1,200 per month for a furnished studio apartment in any average locality. You may consider university halls during the span of the course. It will cost you approximately £178 per week. Students should budget approximately £1,100-1,300 each month for living costs, including accommodation, food, travel, study, laundry, and other personal expenditures.
Conclusions
London's stature as a global education hub for MBA programs is undeniable. The city attracts thousands of international students each year. With top-ranking universities, diverse offerings, and a vibrant multicultural environment, London is one of the best destinations for studying abroad. These universities offer quality MBA programs at a relatively lower cost compared to other institutions in London. Scholarships and financial aid options can further reduce the overall cost, making these programs accessible to a broader range of students.
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