Are UK MBA Degrees Expensive? What are the Alternatives?

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Currently, pursuing business studies has become essential for one’s professional and personal growth. Thus the demand for MBA degrees has increased significantly amongst students, professionals and even employers. According to different studies, numerous students from different parts of the world wish to pursue business studies or MBA in the UK. Even though tuition fees in UK universities have skyrocketed in the last few years, still students are keen on earning a UK degree.

What is it that makes UK degrees so valuable?

The fact is that universities in the United Kingdom are globally renowned for having very high academic standards and delivering quality education. Apart from the major universities, various smaller colleges and institutes also follow the same educational standards. Thus a degree or MBA from the UK is recognised and accepted by employers around the world. Companies always look for applicants with UK MBA degrees as they are well educated and trained in business management.

How much does it cost to study to get a UK degree?

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The master of business administration (MBA) programme is one of the most popular and expensive postgraduate programmes in the UK. You should know that pursuing postgraduate education in UK is not necessarily economical. A 1 year MBA degree can cost you around £10,000 and £15,000; leaving aside Cambridge and Oxford which can charge tuition up to £45,790. After the recent hikes in tuition fees, it has become more difficult for most international students to find affordable UK university degree. (Source: bit.ly/1mHjH7T)

At the London Business School, a 2 year full-time MBA course can cost you up to £57,500, while a 2 year part-time executive MBA programme at the Cranfield School of Management, Bedford can cost around £33,000. According to a report by HSBC, for international students the average cost per year for studying in UK is around £18,759, which includes tuition fees (£11,933) and living expenses (£6,825).

So what can you do?

Simply go online. Online MBA programmes in UK have gained much popularity among professionals who want to advance their careers and achieve their business goals. Numerous colleges, B-schools and universities offer accredited affordable online degree from UK university that are accepted and recognised by prominent employers worldwide. Apart from helping you to boost your career, these online degree and diploma programmes offer several benefits and facilities. It enables you to pursue an MBA while managing your day job and your family at the same time, which is not possible in traditional courses.

But why online MBA?

Online MBA from UK is highly affordable and cost effective. You will not be required to pay high tuition fees or incur living expenses in UK, which can be rather high. Moreover you will also save money on conveyance and other expenses related to traditional courses. You can easily attend classes online as per your convenience. You can access the course material at any you want and study at your own pace.

As affordable online degree from UK University programmes are interactive and includes audio-visual mode of teaching, you will be able to communicate with the faculty regularly. Moreover, online forums, chat rooms and message boards will help you to clarify your doubts. However, the most important aspect of online UK MBA is that you will have the opportunity to earn your UK degree in just 1 year. This means you will be able to save your money and start your career earlier.

What are you waiting for?

Earning degrees or MBA from UK universities are not necessarily expensive. Although a degree from Oxford may cost you a fortune, an online UK MBA degree can help you to save a lot of money and earn a recognised qualification. By pursuing an online UK degree you will be able to learn various skills related to business and management and have excellent and attractive job opportunities.