Cambridge University MBA: Fees, Requirements, and Average Package

5 minute read
10 shares
Cambridge University MBA: Fees, Requirements, and Average Package

Are you looking for a world-class MBA program that can help you achieve your career goals and personal aspirations? Then you might want to consider applying to the University of Cambridge, one of the oldest and most prestigious institutions in the world. In this blog, we will explore the various aspects of the Cambridge University MBA, such as its fees, requirements, average package, ranking, online course options, and placement opportunities. Whether you are a fresh graduate, a mid-career professional, or a senior executive, the Cambridge MBA can help you transform your potential and make a positive impact on the world. Read on to find out more!

Program NameMaster of Business Administration (MBA)
SchoolCambridge Judge Business School
Duration1 year (full-time)
Class SizeAround 200 students
Program FormatIntensive, cohort-based
Standardized Tests requiredGMAT, GRE
English Language Tests accepted£56,000 
Ranking#1 in the world by The Economist (2023)

Cambridge University MBA: Overview

The Cambridge University MBA, offered by the Judge Business School, is a transformational 1-year program designed to empower future leaders and impact global business and society. Here’s a breakdown of its key aspects:

  • Intensive & Cohort-Based: The program packs a lot into one year, fostering strong bonds among the diverse student body.
  • Core Courses & Electives: It develops a strong foundation in core business disciplines with the flexibility to explore specific interests through electives.
  • Leadership Focus: The program hones your leadership skills through dedicated courses, workshops, and guest speaker sessions.
  • Capstone Project: You apply your learnings to real-world business challenges, gaining practical experience.

Also Read: Study at University of Oxford

Why Choose Cambridge University MBA?

Although a Cambridge University MBA degree would automatically open doors to any professional opportunity for you, here are some reasons showcasing why:

  1. World-Class Faculty: You learn from leading academics and industry experts at the forefront of business thinking.
  2. International Focus: You gain a global perspective through diverse classmates, international study trips, and a global curriculum.
  3. Personalized Career Coaching: You receive tailored guidance to achieve your career goals, leveraging the school’s strong alumni network.
  4. High Employment Rate: 92% of graduates find employment within 3 months, with an average salary of £100,000 (USD 133,000).

Cambridge University MBA Programs 

While Cambridge University MBA does not provide traditional specializations in its programs, are 43 electives available, alongside 16 core courses, for students to tailor their education per their requirements. The institute also offers 9 concentrations if you wish to major in a specific field. Let’s take a look at them one by one:

Core Courses

  • Advanced Strategy
  • Corporate Finance
  • Digital Business
  • Entrepreneurship
  • Financial Reporting and Analysis
  • Microeconomics
  • Macroeconomics
  • Management Science
  • Management Praxis
  • Marketing
  • Negotiations Lab
  • Organisational Behaviour
  • Operations Management
  • Organisations versus Markets: Designs and Incentives
  • Strategy
  • Sustainable Business

Concentrations

  • Culture, Arts and Media Management (CAM)
  • Energy and Environment
  • Finance
  • Sustainable Business
  • Digital Transformation
  • Health Strategies
  • Marketing
  • Entrepreneurship
  • Strategy

Cambridge University MBA Online Programs

Besides the on-campus mode, students can also pursue a Cambridge University MBA degree through online mode as well. Similar to their on-campus counterparts, these courses can also be customized according to the student’s needs and objectives. Some of them are as follows:

  1. MBA in Business Ethics & Compliance
  2. MBA in Diversity, Equity, Inclusion & Belonging
  3. MBA in Finance
  4. MBA in General Management
  5. MBA in Global Finance Trading
  6. MBA in Healthcare Management
  7. MBA in Human Resources Management
  8. MBA in International Management
  9. MBA in Quality Systems and Improvement Management
  10. MBA in Risk Management and Insurance

Also Read: How to Get Into Harvard University?

Cambridge University MBA Fees

The Cambridge University MBA offers multiple program variants, each with its tailored curriculum to cater to learners’ different needs and career goals. Their tuition fees also vary with the type of program variation you choose. Here’s a general breakdown:

Program VariationTuition Fees (per year)
Full-Time MBA£64,000
Executive MBA (EMBA)£76,000
MBA for Executives (EMBA-Global)£86,000
Part-Time MBA£64,000

Cambridge University MBA Ranking

  1. Executive Education – Customised programmes: #38 in Executive Education Custom 2023
  2. Executive Education – Open programmes: #26 in Executive Education Open 2023
  3. The Cambridge EMBA – Ranked #31 in EMBA 2023
  4. Global MBA – Ranked #23 in MBA 2023
  5. Master in Finance – #6

Cambridge University MBA Entry Requirements

The Cambridge University MBA program has the same core entry requirements across its different variations (Full-Time MBA, EMBA, EMBA-Global, Part-Time MBA). Here’s a breakdown of the key essentials:

Academic Background

  1. You must have a minimum of a 2:1 Honours degree or an equivalent international qualification with strong academic performance. 
  2. A minimum of 2 years of full-time work experience by the program start date.

Standardized Tests

Average GMAT score for admitted students: 630

English Language Proficiency:

If your native language is not English, you need to submit proof of English language proficiency through tests with the following minimum scores:

TestMinimum Score
TOEFL iBT110 with no individual score below 70
IELTSOverall score of 7.5 with no individual score below 7.0

Additional Requirements

  • Application Essays
  • Letters of Recommendation
  • Interview

Application Process

The application process for the Cambridge University MBA is the same for its different variations. Here are the steps involved:

  1. Application rounds typically open in 5 rounds lasting from August to May. Here are the deadlines for the academic year 2024:
RoundDate
129 August 2023
23 October 2023
38 January 2024
411 March 2024
57 May 2024
  1. Start gathering required documents (transcripts, test scores, references, etc.) well in advance. Work on essays early to refine your narrative.
  1. Complete the online application form and submit all required documents by the deadline. Pay the application fee (around £165).
  1. Shortlisted candidates are invited for interviews, typically conducted online or on campus.
  1. Admissions decisions are communicated within a few weeks after the interview. If accepted, you’ll receive an offer outlining scholarship options, deadlines for deposit payments, and visa information.

Documents Required 

Here are the general documents required during the application process for a Cambridge University MBA:

  • Completed online application form
  • Application fee payment confirmation (around £165)
  • 2 letters of recommendation 
  • Updated Resume/CV
  • Official Academic Transcripts
  • GMAT/GRE scores
  • English Language Test scores (TOEFL iBT, IELTS)
  • Essays
  • Portfolio

Relevant Reads:

Queen Mary University of London Law: Eligibility, Rankings & FeesThompson Rivers University Acceptance Rate for International Students
Top 10 Reasons to Study at Massachusetts Institute of TechnologyJohns Hopkins University Admissions 2024
University of Calgary Fees for International Students: UG, PG, MBA, Payment MethodHow to Get into Stanford University? Pro Tips and Tricks!

FAQs

Q.1 What is the average salary after graduating from the Cambridge MBA?

The average base salary for graduates of the Cambridge MBA program is impressive, typically falling around £92,501 (as of 2023). 

Q.2 What are the key requirements for applying to the Cambridge MBA?

Admission to the Cambridge MBA is highly competitive, with the program seeking diverse and accomplished candidates. You will need the following basic qualifications:

1. A strong academic record (often a bachelor’s degree with a good GPA), 
2. Relevant work experience (ideally 3+ years), 
3. A high GMAT or GRE score, and evidence of leadership potential. 
4. Essays, letters of recommendation, and an interview.

Q.3 How much does the Cambridge MBA cost?

The tuition fee for the Cambridge MBA program is currently £64,000 for the 2023/24 academic year, excluding additional living expenses, travel costs, or other program fees. 

We hope that this blog gave you a detailed insight into the Cambridge University MBA program. To explore more courses to study abroad, subscribe to Leverage Edu today. Thank you for reading!

Leave a Reply

Required fields are marked *

*

*