Overview of Online MBA Programmes in the UK
Online MBA programmes in the UK have gained popularity due to their flexibility, accessibility, and ability to cater to diverse student needs. In the UK, online MBA programs offer a high-quality education with asynchronous learning formats that allow students to study at their own pace. Institutions maintain rigorous academic standards, with course content updated to reflect the latest developments in business theory and practice.
Online MBA programmes in the UK also provide an interactive learning environment, allowing students to engage with peers and faculty members from diverse backgrounds and geographic locations. They also offer a global perspective, attracting students from around the world to gain insights into different cultural, economic, and geopolitical contexts.
Factors to Consider before enrolling in an Online MBA programmes
If you are considering enrolling in online MBA programmes in the UK, you should carefully consider factors such as program accreditation, faculty credentials, technological requirements, tuition costs, and time management strategies before enrolling.
Additionally, another thing you should consider is your own learning styles, career goals, and personal commitments to ensure an online MBA program aligns with your needs and aspirations.
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Admission Requirements and Application Process for Online MBA programmes in the U.K.
UK Online MBA entry requirements are competitive, with university admissions focusing on career experience and academic ability. To benefit from an MBA, applicants need to have real-world work experience in managerial, professional, or technical roles. The average work experience for online MBAs is 5 to 10 years. If you lack three years of qualifying experience, are not in a specific profession, or don’t have management experience, an MBA might not be the right postgraduate degree for your career objectives.
Academic qualifications for UK online MBAs require an undergraduate degree, with most top UK business schools asking for a 2:1 or above. However, if you graduated with less than a 2:1, you may still gain a place on a competitive MBA if you have strong career experience and exposure. Management experience can make up for having an unrelated bachelor’s degree or average grades when applying to leading business schools.
Basic math skills are vital for an MBA, but the level of math required varies greatly between programs. For finance programs, it is good to demonstrate experience in algebra, calculus, statistics, and probability. Other MBAs have much lighter quantitative content and are suitable for people without a math-heavy background.
Non-degree certificates and qualifications can be accepted by business schools as long as they are in a relevant subject and hold enough credits. Some business schools may ask candidates to sit a special qualifying exam in place of a degree, but these routes are not typically required for UK online MBAs.
GMAT and GRE scores are not normally required for UK university MBA applications, but they can increase the chances of getting on to your chosen MBA. International students will need to take a Secure English Language Test (SELT) to demonstrate they are suitable to study at postgraduate level in English.
Costs and Financial Aid for Online MBA Programmes in the UK
In the UK, MBA costs usually range between:
- 5,000 – 10,000 EUR/year: 25 MBAs
- 10,000 – 20,000 EUR/year: around 120 MBAs
- Over 20,000 EUR/year: around 75 MBAs
MBA costs at some of the best business schools in the UK
- MBA cost at London Business School: 37,230 EUR/year
- MBA cost at University of Cambridge: 63,000 EUR/year
- MBA cost at University of Oxford: 68,150 EUR/year
- MBA cost at University of Warwick: 46,340 EUR/year
- MBA cost at Imperial College London: 59,570 EUR/year
Career Opportunities with online MBA in the UK
An online MBA degree offers a wide range of career opportunities across various industries and sectors. Common career paths include:
Management Consultant:
• provides strategic advice, research, and analysis to solve complex business problems.
• Enhances performance and efficiency.
Business Development Manager:
• identifies new business opportunities and drives growth initiatives.
• Equips with strategic vision, market analysis capabilities, and negotiation skills.
Financial Analyst:
• evaluates investment opportunities, analyzes financial data, and makes recommendations.
• Provides quantitative skills, financial modeling expertise, and knowledge of capital markets.
Marketing Manager:
• develops and implements marketing strategies.
• Gains an understanding of consumer behavior, market research techniques, branding strategies, and digital marketing tactics.
Operations Manager:
• oversees the production process, manages supply chains, and optimizes operational efficiency.
Human Resources Manager:
• responsible for recruiting, training, and managing employees.
• develops and implements HR policies and programs.
Entrepreneur/Small Business Owner:
• develops business plans, secures financing, and navigates the challenges of launching and growing an enterprise.
Supply Chain Manager:
• oversees the end-to-end process of delivering products or services.
• prepares individuals to optimize supply chain processes, manage vendor relationships, and mitigate risks.
Project Manager:
• plans, executes, and monitors projects.
• Provides project management skills, leadership abilities, and a strategic mindset.
Executive Leadership:
• prepares individuals for executive leadership roles.
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Challenges of Online MBA Education
The rise of online MBA students has led to the misconception that it is an easier job than a regular MBA. However, an online MBA has its own set of challenges. Some of them include, but are not limited to:
Time Management and Focus
- Online MBA students often overlook weekend seminars and assignments due to a lack of free time.
- Lack of clear vision and focus can hinder progress.
- Proper time management is crucial for overcoming online MBA exams and any course.
Motivation and Study Materials
- Self-motivation is crucial for online MBA students.
- Study materials should be sourced from online sources rather than waiting for professor announcements or university uploads.
Online Adaptation
- Doubts can be raised and cleared online.
- Online forums and professors may take a few days to answer.
Travel
- Some online MBA colleges require exams to be taken in their own centers, which may require travel.
- Some colleges may require students to travel to their native country for exams.
Top 15 Online MBA Programmes in the UK in 2024
1. London Business School
London Business School is a global institution offering online, flexible courses with a research-based curriculum. It supports diverse learning experiences and emphasizes innovation in learning. The school’s portfolio evolves to address contemporary issues and fulfills learners’ ambitions. Experiential learning is essential for gaining a holistic view of the business environment and developing critical thinking skills.
As a degree that is respected worldwide, an MBA adds a strong advantage to your CV, an MBA adds a strong advantage to your CV, enhancing your employability prospects and your potential for a better salary.
Graduates from London Business School tend to double their salary, with nine out of ten finding employment within three months. LSBF offers an MBA (Global) programme completely online – validated and awarded by the International Telematic University UNINETTUNO.
This programme is structured to respond to the needs of the modern international marketplace with a blend of the academic and practical skills you need to excel in strategic decision-making roles. The programme has many pathway options offered in partnership with and validated by the Telematic University Uninettuno. The MBA program takes 15 to 21 months and costs £97,500.
2. University of Warwick: Warwick Business School
3. Imperial College Business School
4. Saïd Business School, University of Oxford
5. University of Cambridge: Judge Business School
Cambridge College Global offers an MBA degree online program for middle- and senior-level managers seeking to enhance their professional skills and strategic capabilities. The program, which is designed for students from various backgrounds, encourages constant interaction and cross-sector learning. Graduates earn an average salary of almost £100,000, with half switching country, function, and industry post-graduation.
The program can be customized to various industries, with concentrations in Business Ethics & Compliance, Diversity, Equity, Inclusion & Belonging, Finance, General Management, Global Finance Trading, Healthcare Management, Human Resources Management, International Management, Quality Systems and Improvement Management, and Risk Management and Insurance.
Sixty-three percent of students are employed at organizations with a Corporate Partner relationship with Cambridge College Global. Admission decisions are made on a rolling basis throughout the year for the eight graduate sessions, and applicants can apply at any time. Admission counselors can help explore financial options and guide applicants through the application process.
6. alliance Manchester Business School
7. durham University Business School
With an average of seven years’ industry experience, MBA students at Durham are there to hone their craft. You will study your own core modules, including accounting and finance, leading and managing, and ‘The Boardroom Exercise’. You then get to choose a specific pathway, with electives including consultancy, entrepreneurship and technology.
Upon finding employment post-MBA, Durham students saw an 80% wage increase when compared to their previous salary.
The full-time MBA takes one year, and costs £35,000 regardless of domestic or international residence.
8. University of Edinburgh Business School
The Edinburgh MBA program focuses on business, strategy, and leadership, with international exchange opportunities. The full-time program takes 12 months, while the online program takes 33 months. The cost is around £35,000, with the online program being £5,000 cheaper.
Students can join the program in September or March each year, joining in September or March. The program requires access to a computer, internet, and a web browser. Each course typically includes 16 hours of pre-recorded lectures and 4 live tutorials. Learning methods include video lectures, short exercises, and self-directed reading.
The program is delivered online through Learn, and students have access to university services, library facilities, and a dedicated MBA team. Assessments are individualized, with traditional essays, reflective pieces, and case study analysis.
9. Lancaster University Management School
The Lancaster University MBA program focuses on responsibility, sustainability, and inclusivity, offering a constantly evolving curriculum. It is grounded in practice-based learning, with four action-learning Challenge Modules, regular visits, guest lectures, alumni networking, and business consulting events.
The program encourages students to make responsible decisions, considering environmental, wellbeing, opportunity, and risk. Graduates with a global outlook are prepared to shape businesses and organizations globally, guided by the UN’s 17 Sustainable Development Goals and fostering stronger connections between business and local communities.
10. Bayes Business School
The business schools of City, University of London, and Bayes Business School offer a full-time MBA programme that is designed to increase students’ knowledge, skills, performance, and ability to think innovatively. It allows you to develop your managerial skills and advance your career.
Bayes Business School, a global elite institution, offers a flexible Global MBA Programme, primarily online, designed to develop leaders and fit study around work and life. The program focuses on academic excellence and prepares business professionals and leaders for decision-making levels. The part-time programme offers both online and face-to-face learning, with the Continuing Professional Development (CPD) program and Integration Week delivered face-to-face.
Core modules are taught online, and students can choose up to six online elective modules to personalize their learning pathway. Bayes Business School offers a faculty with an established reputation, an international cohort, and the support needed to succeed.
- Course: Full-time MBA
- Entry requirements: At least three years of full-time professional experience gained after graduation.
- International fees: £48,000
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