MBA Scholarships in UK

When it comes to pursuing a course abroad the first thing that comes to mind is if we will be able to afford the expenses. Don’t worry, now you can have a world-recognized degree without emptying your bank account. We have listed the top MBA Scholarships to study in UK along with their eligibility criteria. Indian students that want to pursue MBA from the UK are eligible for these scholarships if they fulfil the requirements.

 

Why study MBA in the UK?

The United Kingdom has one of the most advanced economies in the world. Universities are built with the goal of providing students with the necessary skills and information in a certain subject. Several essential factors make the United Kingdom an excellent destination for higher education, particularly for a master’s degree in business and administration. Here are some of the key characteristics that make the United Kingdom a desirable place to study an MBA:

• Excellent Education – MBA programs in UK universities combine theoretical and practical-oriented learning to equip students with key skills and knowledge. With constant lectures and workshops from reputed business leaders, students get to learn from experienced professionals thus augmenting their exposure and knowledge of a specific industry. 
• One-Year Program – Most MBA programs offered by UK universities are one-year programs except for some core management courses. This helps students gain quality education, international exposure as well as opportunities to expand their knowledge in a short period of time.
• Industry Links – One of the biggest advantages of pursuing an MBA degree in the UK is that the students get to meet leading industry experts and professionals at conferences, events and lectures organized by universities.
• Scholarships – Studying for an MBA degree in a foreign country comes with various financial constraints. For financial aid, there are plenty of universities in the UK that offer scholarships.

Explore: Leverage Edu’s Scholarship Worth INR 7 Cr.*

MBA Scholarships in the UK

Scholarships are a great way to pursue higher education which helps in overcoming financial hiccups. Mentioned below are some of the popular scholarships meant to help students pursue an MBA in the UK.

1. Chevening Scholarships

 It is a global scholarship program for applicants with excellent academic records. The Chevening scholarship is fully funded and is for a one-year master’s degree in any subject at any UK university.

Eligibility

• Citizen of a Chevening-eligible country or territory.
• Applicants have to return to their country of citizenship for a minimum of two years after an award has ended.
• 2 years of work experience.
• An undergraduate degree from a recognized university.

2. Commonwealth Masters Scholarships

The scholarship is offered by  UK Foreign, Commonwealth & Development Office (FCDO) to applicants belonging to lower and upper-middle-income Commonwealth countries that wish to pursue a master’s course at any UK university. The scholarship covers airfare to and from the UK, additional allowances for personal basic expenses & also tuition fees.

Eligibility

•  Citizen or permanent resident of a Commonwealth country.
• Unable to afford a degree in the UK without a scholarship.
• Undergraduate hons. degree of at least upper second class (2:1).

3. Commonwealth Fellowship Plan

The scholarship is offered by the Foreign, Commonwealth, and Development Office (FCDO) to up to 600 candidates. Candidates that have the potential to make a difference on the global stage. The scholarship will include a tuition fee, one economy-class return, and additional allowances. The scholarship is applicable for the masters-level course only.

Eligibility

• Citizen or permanent resident of a Commonwealth country.
• Unable to afford a degree in the UK without a scholarship.
• Undergraduate hons. degree of at least upper second class (2:1).

4. GREAT scholarships

This scholarship is funded by the UK government’s GREAT Britain Campaign and the British Council with participating UK higher education institutions. The GREAT scholarships entail 60  scholarships from UK universities worth up to  £10,000 (INR 10.44 Lakh).

Eligibility

• Citizen of India
• Fulfil English language requirement
• Undergraduate degree from a recognized university
• Relevant experience in the subject area

5. The Global Study Awards

The scholarship was launched by the British council, Study Portals, and ISIC in 2015. The scholarship was launched to encourage students to study abroad. Every year two students are selected for scholarships worth £10,000 (INR 9 Lakhs) twice a year.

Eligibility

• Over the age of 18
• Fulfil English language criteria

6. Charles Wallace India Trust Scholarships

The scholarship is awarded to international students pursuing a master’s degree from UK universities. The Charles Wallace India Trust scholarship includes accommodation, living expenses, tuition & international fares. The students pursuing a two-year master’s course can not avail of the scholarship.

Eligibility

• Citizen of India
• Not received the same scholarship in the last 5 years.

7. Inlaks Scholarship

The scholarship is funded by Inlaks Shivdasani Foundation. The Inlaks scholarship will cover travel, living & tuition expenses. The scholarship is worth GBP 72984 (INR 76.17 Lakh).

Eligibility

• Applicant’s age should not be more than 30
• Citizen of India
• Degree from a recognized university

8. Felix Scholarship

Felix scholarship is awarded to applicants from developing countries & is available at the University of Oxford, the University of Reading, and the School of Oriental and African Studies (SOAS), part of the University of London. The scholarship covers a 100% tuition fee, one return ticket, and living expenses. 

Eligibility

• Citizen of India
• Bachelor’s degree from a recognized university in India
• Students have to return to their country to work after the completion of the award

9. Goa Education Trust

The scholarship was introduced to encourage the students of Goa to study in the UK, The scholarship will cover full or half tuition fees.

Eligibility

• The applicant should be a resident of Goa.
• Applicants should not be more than the age of 30.
• Unconditional offer from UK university of One year.

Also Read: MBA Acceptance Rates at Top UK Business Schools

Finance Your Study Abroad Dream With Leverage Edu

If you want to study abroad but are concerned about your financial situation or are unsure about study loans, we can assist. Check out Fly Finance and we will give you zero service fees, the best interest rates, comparative analysis, and many other benefits you can also send money abroad in just a few taps using our forex services.

Eligibility Requirements for MBA in the UK

To be eligible for admission to a business programme in the United Kingdom, students must complete the following fundamental eligibility requirements:

• Secondary education coursework completed at a level equivalent to those of the United Kingdom.
• Provide all school documents, transcripts, and certificates that are required.
• To show English language competency, get suitable IELTS / TOEFL or equivalent ELP Test results.
• A three-year bachelor’s degree from a recognised university is equal to a bachelor’s degree in the United Kingdom.
• Some universities in the United Kingdom may need at least two years of work experience.
• Some institutions will consider candidates based on their GMAT/GRE scores or ratings.

Also Read: MBA in UK Without GMAT

English Language Requirements

Students should familiarise themselves with the university schedule and apply for admission wisely because the scorecard for these examinations is valid for two years.

Test		Average Score Required
IELTS		6.0 – 6.5
TOEFL		80 – 90
PTE		56 – 61

Other Requirements 

• Completed application form
• Statement of Purpose
• Complete English essays
• Recommendation letters or LORs
• Completed Current professional resume 
• Student Visa 
• At least 2 Passport-sized photographs 

Must Read: MBA in the UK Without Work Experience

Application Process for MBA in the UK

The following image represents the application process for MBA in the UK at a glance:

Low-Cost MBA in the UK for Indian Students

If you believe that an MBA in the United Kingdom is too expensive for you, you do not have to abandon your plans to study in the United Kingdom. Here is another list of some of the most prestigious and well-known colleges in the United Kingdom that provide low-cost MBA programmes to foreign students, thereby realising their goals of getting an MBA in the United Kingdom.

Universities	Average Tuition Fee for MBA in the UK (1 Year)
Bedfordshire University	£11,250 (INR 11.74 lakh)
Canterbury Christ Church University	£12,900 (INR 13.46 lakh)
University of Wolverhampton	£12,470 (INR 13.01 lakh)
The University of Worcester	£11,400 (INR 11.89 lakh)
University of Suffolk	£11,000 (INR 11.48 lakh)
Leeds Beckett University	£11,300 (INR 11.79 lakh)
University of Gloucestershire	£12,500 (INR 13.04 Lakh)
University of East London	£15,000 (INR 15.65 lakh)
Cardiff Metropolitan University	£9,000 (INR 9.39 lakh)
University of Bolton	£12,500 (INR 13.04 Lakh)
Anglia Ruskin University	£16,500 (INR 17.22 lakh)
University of Northampton	£15,000 (INR 15.65 lakh)
University of Leicester	£20,000 (INR 20.87 lakh)
University of West London	£15,000 (INR 15.65 lakh)
Buckinghamshire New University	£10,500 (INR 10.95 lakh)

Also Read: MBA in UK for Indian Students

FAQs

We hope you liked our blog, where we tried to cover comprehensive information about MBA Scholarships in UK. Are you also looking for opportunities to study abroad? If the answer is yes, the experts at Leverage Edu can make your journey easier as they will be guiding you throughout the process. To take help from the experts simply register on our website or call us at 1800-572-000.