Innovative MBA courses
In addition to the classic MBA General, there are a number of specialized MBA courses in which prospective managers concentrate on individual work areas and on certain industries. For example, there are programs that focus on managing companies in the information technology sector. The courses are then called, for example, MBA in Business Informatics or MBA in Information Management (Robert Gordon University, Aberdeen).
Anyone seeking a management career in the fashion and clothing industry or wanting to set up their own label should be interested in the MBA in International Fashion Management at the Coventry University London Campus. For future creative executives, York St John University is also an option, offering an MBA in Design Management and an MBA in Media Management.
For those who see their future primarily in the health sector, the University of Bedordshire has an MBA in Hospital and Health Services Management in its program. And with the MBA in Chinese Business Practice, London South Bank University has responded to the current economic situation, in which China is increasingly assuming a leading position.
Duration of MBA programs in the UK
The full-time MBA study programs in England and Great Britain have a duration of one year and are characterized by a correspondingly high learning volume. Working people can also take part in a part-time program. These last for up to two years and allow students to advance their professional careers even during the Masters in Great Britain. To learn more about United Kingdom and Europe, please visit allunitconverters. And also the Executive MBA, which is aimed primarily at working managers, allows the degree to be acquired in around two years of part-time study or a distance learning course of up to five years.
Requirements for an MBA in the UK
The MBA programs at each UK university have very different admission requirements. Some MBA programs can already be attested to with a bachelor’s degree. Very often applicants for an MBA in the UK are required to have several years of professional experience as well.
Most universities require good results in the General Management Admission Test (GMAT). Here, applicants’ analytical, mathematical and linguistic skills are tested in a three-and-a-half-hour test in English. The test participants can achieve a score between 200 and 800. The top business schools in particular require at least 600 points, and some significantly more. As a rule of thumb, the higher the reputation of the university, the higher the results it requires in the GMAT.
With sufficient professional experience and very good test results, a technical college diploma or a degree from a professional academy may be sufficient in individual cases to receive an MBA course in Great Britain. All universities also expect good English skills, which international applicants usually have to prove in the form of a standardized test such as the IELTS or TOEFL.
Cost factor and financing options
The costs for an MBA in England or Great Britain are similar to the requirements for the GMAT results: the more self-respecting the university, the more expensive the MBA program is often. However, this does not necessarily mean that cheaper study programs are automatically of inferior quality. The tuition fees for a one-year MBA course in the UK vary greatly depending on the institution and the type of program selected and are between £ 10,000 and £ 50,000. Then there is the cost of living. Budget between £ 10,500 and £ 14,000 for a year in England, although life in London is usually much more expensive than in a small town.
So the cost of an MBA in the UK is a minimum of £ 20,000, but in most cases it is much higher. There are several options for financially realizing the degree.
Foreign BAföG, scholarship, student loan
One option to make an MBA in Great Britain affordable would be the Auslands-BAföG: Here you receive up to EUR 4,600 in tuition fees and other allowances for travel and living expenses. Students who do not receive BAföG in Germany because their parents’ income is too high also have the chance to benefit from this funding. The responsible BAföG office can provide more information.
Students who were already able to shine in their bachelor’s degree and who performed particularly well should apply for a scholarship. In Germany, the DAAD and various church, party-affiliated or private foundations regularly award scholarships for outstanding graduate students. Even the English universities provide for partial scholarships (scholarships available) for international students with very good results. If you complete a full MBA in Great Britain, you can take advantage of the British Student Loans, depending on your funding needs. Likewise German and international companies attract high potentials with scholarships for an MBA course, and EMBA students often receive financial support from their employer.
However, most students fund their MBA in the UK through a mix of personal savings, a scholarship and a loan. Some universities in England work with local credit institutions that provide loans. Education and student loans with low interest rates are also offered in Germany. The so-called education funds are becoming increasingly popular here too. Professional associations, organizations and private individuals invest in the training of young professionals and offer loans on particularly favorable terms. Particularly noteworthy here is the Brain Capital MBA education fund, which is specifically aimed at potential business executives.