If you are a social person who loves to work with different people in a multinational organization, then you should pursue a course in masters in International Business. A master's degree in international business from the UK guides students about international trade between companies. International business students study goods, services, management, finance, marketing, and the total impact of national and international rules on trade and markets.
In this article, we help you explain everything you need to know about pursuing a Master in International Business from the UK.
Why Study Masters in International Business in UK?
- Do you want to work with giant organizations in the world? Do you want to have a high-profile career in the management field? We have got you covered.
- According to the HESA research, an MBA from the UK is the highly preferred choice among most international students interested in business-related fields.
- Among the MBA degree, if you want to make a career in a global organization, then MBA in International Business is the best option.
Here are some of the reasons why you should study master's in international business:
- An MBA from the UK helps you understand the intricacies of running a business in different parts of the world. Running a successful business requires high networking, advanced communication skills, and high knowledge, and a degree from an international organization makes you an asset in this area.
- As per the QS World University ranking, 13 universities from the UK offering MS in International Business rank within the top 100.
- The UK's capital city London is one of the global business centres. Many Fortune 500 companies also have offices here. So, studying business in London gives you loads of opportunities that will help you stand out from the crowd.
- Businesses nowadays are increasingly operated at an international level. Therefore having a degree in International Business from a prestigious organization is highly beneficial in making your place in a globalized economy.
- Students graduating from UK universities have an extremely high employability rate. These students act as magnets for prestigious organizations such as The Hut Group, KPMG, Bank of America, and more.
Masters in International Business in UK - Course Highlights
A master's in International Business from the UK prepares you with the ability to think and work across nations. It is one of the best courses for anyone looking to gain an international perspective of business.
- Master in International Business is a 1–2-year program.
- This course is offered as MBA/MSc in International Business.
- It comprises three main subjects: Management, Marketing, and Finance.
- For most universities in the UK, the intakes happen twice a year: Jan and Sep.
- This course helps you gain extensive exposure through industry trips and attending talks by guest speakers.
- The lecturers and academics for Masters in International Business course are highly educated SMEs in strategy, emerging market strategies, internationalization, and international HRM.
- After completing the course, you can get a whooping opportunity to work with multinationals such as Adidas Group, B2B International Ltd, and Bloomberg.
Best Universities in UK for Masters in International Business
As per the QS rankings for Business and Management programs, these are the top universities in the UK that offer Masters in International Business.
University
|
QS World University Ranking 2021
|
Course offered
|
Tuition Fee/year (GBP)
|
University of Warwick
|
24
|
MSc International Business
|
30,750 GBP
|
University of Manchester
|
32
|
MSc International Business and Management
|
27,000 GBP
|
Lancaster University
|
66
|
MSc International Business and Strategy
|
25,360 GBP
|
University of Leeds
|
80
|
MSc International Business
|
29,250 GBP
|
Oxford Brookes University
|
84
|
MSc in International Business Management
|
£16,200
|
Aston University
|
99
|
MSc International Business
|
21,250 GBP
|
Durham University
|
121
|
MSc Management (International Business)
|
27,000 GBP
|
University of Nottingham
|
132
|
MSc International Business
|
26,500 GBP
|
Masters in International Business in UK: Eligibility
To study at the top universities, you must fulfil the eligibility criteria.
Here are the general requirements that should be fulfilled to study Master in International Business from any university in the UK.
- A bachelor's degree with 50-60 ELP scores.
- Proficiency in English which includes IELTS/TOEFL/PTE scorecard.
- GMAT scores may be required by some universities.
Masters in International Business in UK: Admission Process
The admission process for a Master's in International Business is simple and easy and is completed online.
- The first step is to fill out the application form on the university's official website.
- In the application, you will be required to submit a few documents such as English proficiency test scores, SOP, etc. Make sure to have all these documents in place.
- The criteria for English Proficiency Test Scores and scores in bachelor's degree are different for all universities, and you must fulfil them to secure your admission.
- Secondly, you must submit a one-time non-refundable fee to process your application.
- Once you submit your application, the university will review it and inform you of the next steps within a few weeks.
- You must contact your admission officer if you have questions about the course.
Masters in International Business in UK: Documents Required
The list of documents required for admission in the UK to the Master in International Business program includes:
- Study visa
- Official transcripts of all your previous academic qualifications
- An updated CV
- Academic references
- English proficiency test scores (IELTS/TOEFL)
- Passport photocopy
- A letter of sponsorship (if applicable)
- Statement of Purpose (SOP)
- Relevant work experience, if applicable
Cost of Studying Masters in International Business in UK
- In comparison to the rest of the countries of the world, the UK is an expensive country. So, for international students, the cost of studying abroad definitely requires extensive budget planning.
- However, the good part is that the duration of courses in the UK is comparatively shorter than in other countries.
- The cost of studying master's in the UK can be divided into three parts: Pre-arrival, post-arrival, and living costs.
- The pre-arrival costs are almost the same for everyone. These costs include visa application fees, university application fees, IELTS fees, airfare, etc.
- The next is the post-arrival costs which include the tuition fee. The average tuition fee for a master's in International Business in the UK is 15,000-30,000 GBP/year.
- The other expenses include the cost of living in the UK. These expenses are unavoidable but are highly variable as it depends upon your standard of living. These expenses include accommodation, meals, travel, insurance, etc.
Masters in International Business in UK: Scholarships
If you have the talent, financial obligation is no more an issue. As an international student, you can apply for a scholarship and study at a prestigious university in the UK.
Here are some of the scholarships for international students that you can apply for:
Scholarships
|
Eligibility Criteria
|
WBS Scholarship
|
Must possess the offer letter from the University.
|
Vice Chancellor’s International Scholarship
|
Must possess the offer letter from the University.
The course must be mentioned in the list of accepted scholarships category.
|
Leeds Alumni Bursary
|
Must have studied at the University of Leeds at an undergraduate or postgraduate level.
Must be pursuing a PG course, except PGCE.
The cost of tuition fees should be self-financing.
|
Future Fund Women’s Leadership MSc Scholarship
|
The applicant must hold a lower second-class degree or equivalent.
Must be a UK, EU, or, international student.
Should meet the English language proficiency requirements.
|
Oxford Brookes Sanctuary Scholarship
|
Must be eligible for government student finance support.
The course must be of full-time duration.
A referee Supporting Statement that is signed and dated is required.
|
Jobs & Salary After Masters in International Business UK
- The UK offers excellent job prospects for graduates of international business. It allows you to work across multiple business sectors such as public relations, finance, manufacturing, international finance, non-profit, and consultancy.
- You can work as business analysts, financial analysts, digital marketing managers, marketing specialists, and business development managers. All these jobs are in high demand and offer great packages and perks.
- The average salaries range for graduates with a master's in International Business in the UK is between £32,000 and £94,000.
The following are the top jobs offered to the graduates of masters in International Business from the UK:
Job Title
|
Average Salary
|
Business Development Manager
|
£43,141
|
Account Executive
|
£26,242
|
Implementation Consultant
|
£30,036
|
Senior Marketing Manager
|
£59,472
|
Social Media Manager
|
£34,690
|
Country Manager
|
£55,352
|
Kickstart your academic journey now! Studying abroad could be a long and tedious process however at AECC with expert counsellors your dreams can be achieved at ease. The Counsellors will guide you through every step and help you attain your dreams at ease. They will assist with visas, courses, universities, and more.
FAQs Masters in International Business in UK
Which university is best for Masters in International Business in UK?
- University of Warwick.
- University of Leeds.
- University of Birmingham.
- University of York.
- University of Manchester.
- Queen Mary University of London.
- University of Kent.
- University of Lancaster.
Which country is best for masters in international business?
Master of Management programmes are most popular in the United Kingdom, Germany, France, the United States, Spain, the Netherlands, and Canada. According to business school applicants, the United Kingdom is the best country in which to pursue a Master of Management degree. The United Kingdom is home to ten of the world's top 50 MiM programmes.
What is the scope of MSc international business in UK?
Graduates with expertise in franchising and licencing, international branding, emerging market business, production management in international operations, international manufacturing, and international human resource management can have fantastic careers.
Is international business demanded in UK?
The United Kingdom offers outstanding job prospects to international business students. Graduates can pursue professions in public relations, banking, manufacturing, international finance, non-profit, and consulting, among other fields. They could be able to get work as financial traders or business development executives.