MS in International Business is a one-year (full-time, on-campus) professional degree offered by more than 100 colleges and universities including some renowned names like the University of Manchester, Warwick Business School, Durham University, University of Leeds, and more. The program may cost around 15,000 GBP to 30,000 GBP at top universities in the UK. For Indian students, this cost approximates to around 14-29 lakhs INR. It is also available in online mode for international students who wish to study while staying in their home country.
The cost of pursuing MIB in the UK is high, but to compensate for high costs up to 100% scholarships for international students in UK are available. The program focuses on political knowledge and practical elements of learning how businesses internationally cope with different challenges and how they compete in today’s global environment. Graduates with an MS in international business from the UK can expect to earn a basic average annual salary ranging between 25,000-50,000 GBP (~24 Lakhs to 49 Lakhs INR).
Highlights
| Program | MSc in International Business |
| Course Duration | One-year |
| Tuition Fees | 14 lakhs - 29 Lakhs INR |
| Eligibility | Bachelors with 50-60% ELP score- IELTS/TOEFL GMAT Score may be required |
| Top Recruiting Industries | Banks, Consultancy firms, tech companies, etc |
| Starting Salary | 24 Lakhs- 49 lakhs INR |
| Global Locations offering career opportunities | Canada, China, France, India, Singapore, USA |
Universities for MS in International Business in UK
The UK universities offering Masters in International Business with admission deadlines for international students are tabulated below:
| University | Program | Admission Deadlines |
|---|---|---|
| University of Warwick | Msc International Business | August 2nd, 2023 |
| University of Leeds | MSc International Business | Stage 1 [Dec 15th, 2022], Stage 2 [Mar 1st, 2023], Stage 3 [Apr 21st, 2023], Stage 4(Final Deadline for International Students) [Jun 29th, 2023] |
| University of Manchester | MSc International Business and Management | Deadline 1 [Dec 9th, 2022], Deadline 2 [Feb 10th, 2023], Deadline 3 [Mar 31st, 2023], Deadline 4 [Apr 29th, 2023], Deadline 5 [Jun 1st, 2023] |
| Durham University | MSc Management (International Business) | February 13th, 2023 |
| University of Birmingham | MSc International Business | July 1st, 2023 |
| University of Nottingham | MSc International Business | Apply Before September 2023 |
| Lancaster University | MSc International Business and Strategy | Apply before the program commencement |
| Aston University | MSc International Business | MSc Strategy and International Business | Deadlines for January 2023 Intake [Applications Closed], Deadlines for September 2023 Intake [Applications will open in Autumn 2022] |
| University of Sussex | MSc International Business Economics | August 1st, 2023 |
| University of East London | MSc International Business Management | Deadlines for January 2023 Intake [Nov 4th, 2022], Deadlines for September 2023 Intake [Mid-July, 2023] |
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Table of Contents |
Why Study MS in International Business in UK?
According to HESA, the maximum number of students were enrolled in PG-taught programs offered by business schools in the UK. The preferable choice for most international students interested in a business degree is an MBA from UK. However, if you are specifically interested in understanding the global perspective on business, then MS in International Business would be a better choice. Additionally, you can also choose to pursue masters in international business in UK for the following reasons:
- As per QS News Ranking for business and management universities across the world, 13 institutions of the UK offering MS in International Business rank within the top 100.
- You can earn a salary between 27,000 GBP to 55,000 GBP(25.18 lakhs - 51.3 lakhs INR) per annum with a degree in international business in the UK.
- Bristol, Birmingham, and Swindon are the highest paying cities in the UK for international business graduates
MS in International Business in UK: Curriculum
MS in International Business generally comprises three main subjects studied from the perspective of the international market: Management, Marketing, and Finance. Foreign Markets, their risks, policies, and cross-border taxation laws are all part of the curriculum. Some of the common courses that you can study in the UK are International Business Environments, International and Cross-Cultural Management, Innovation and Entrepreneurship, Business Economics, Essentials of International Marketing, International Accounting, and Managing Organizations.
MS in International Business in UK: Admission Criteria
You can apply to UK universities offering the program through their websites. Often, you will be required to submit an application fee and additional supporting documents along with your application form. A detailed picture of eligibility and requirements for most of the top universities offering MS international business in the UK is given below:
Admission Requirements:
- A 2+2 bachelor’s degree with a minimum of 60 - 65%
- English language proficiency
- IELTS: 6.5 - 7.0
- TOEFL: 90 - 95
- Standardised Score
- GMAT: 600 or above
- GRE: 300 - 330
Documents Required:
- Transcripts of all prior qualifications achieved
- English test score results
- Standardised score results
- Letter of Recommendation
- Statement of Purpose
- Personal Statement
- CV or Resume
- Passport copy
- Financial evidence or sponsor
- UK Students Visa
MS in International Business in UK: Tuition Fee and Cost of Living
UK, as a destination for foreigners, is cheaper than 47% of the countries in Western Europe and more expensive than 80% of the countries in the world. The cost of studying abroad for an international student planning his/her masters can be divided into three categories: Pre-arrival Cost and Post-arrival Cost.
Pre-arrival Cost
This includes visa application fees, registration fees of exams to study in UK, university application fees, etc. An estimate of such expenses is tabulated below:
| Category | Cost (in GBP) | Cost (INR) |
|---|---|---|
| Visa Registration Fees | 348 | 33,217 |
| TOEFL | 165 | 15,749 |
| IELTS | 195 | 18,613 |
| Application Fee | 50 – 100 | 4,772 - 9,545 |
Tuition Fee
As discussed above the tuition fees for pursuing international business masters programs from UK lies within 15,000-30,000 GBP a year. The cheapest university among the top-ranking ones is Oxford Brookes University and the most expensive among them is Warwick Business School. Along with the tuition fees, you will need funds to live in UK.
Tuition Fees for MS in International Business in UK for Indian Students
| University | Total Program Fees (GBP) | Total Program Fees (INR) |
|---|---|---|
| University of Warwick | 30,750 GBP | 29.35 lakhs |
| University of Leeds | 30,500 GBP | 29.11 lakhs |
| University of Manchester | 27,000 GBP | 25.77 lakhs |
| Durham University | 29,500 GBP | 28.15 lakhs |
| University of Birmingham | 27,200 GBP | 25.96 lakhs |
| University of Nottingham | 26,500 GBP | 25.29 lakhs |
| Lancaster University | 26,500 GBP | 25.29 lakhs |
| Aston University | 22,750 GBP | 21.71 lakhs |
| University of Sussex | 20,950 GBP | 19.99 lakhs |
| University of East London | 15,240 GBP | 14.54 lakhs |
Cost of Living in UK
The cost of living includes travel and accommodation in the UK. The average cost of living in the UK for an international student can be broken down as follows:
| Category | Monthly Cost (in GBP) | Monthly Cost (INR) |
|---|---|---|
| Accommodation (900 sq ft) in a normal area | 1477 | 1.4 lakhs |
| Accommodation (480 sq ft) in a normal | 1022 | 97,553 |
| Internet 8mbps (1 month) | 25 | 2,386 |
| Transportation (Monthly pass) | 142 | 13,554 |
| Meal (for 2) | 59 | 5,631 |
| Essentials (tampons, antibiotics) | 3-10 | 286 - 954 |
MS in International Business in UK: Scholarships for International Students
Some of the popular postgraduate scholarships are Chevening Scholarships for Master's, Commonwealth Scholarships for Masters and PhD. The Commonwealth Scholarships are offered to 62 commonwealth nations that include India. Saltire Scholarships are also accessible by Indian students. You can either choose to apply for such government scholarships for international students planning studies in UK or apply for university-specific scholarships.
Some of the scholarships for international students in UK offered by universities are:
| Scholarship | University | Amount |
|---|---|---|
| WBS Scholarship | University of Warwick | 10-50% of tuition fees |
| Alliance MBS Masters Scholarships for UK/EU/International Students | University of Manchester | 100% of tuition fees |
| Vice Chancellor’s International Scholarship | Aston University | 8,000 |
| Leeds University Business School Alumni Excellence Scholarship | University of Leeds | 10% of tuition fees |
| Alumni Scholarship | Durham University | 25% of tuition fees |
| Alumni Bursary | Loughborough University | 10% of tuition fees |
| Oxford Brookes Sanctuary Scholarship | Oxford Brookes University | 100% of tuition fees; living cost |
| Future Fund Women’s Leadership MSc Scholarship | City University of London | 10,000 |
MS in International Business in UK: Jobs and Opportunities
Graduates with a Masters in International Business degree work in diverse sectors such as finance, public relations, and manufacturing. Graduates can expect a career in consultancy, international finance, non-profit organisations, and entrepreneurial ventures.
The following are the jobs offered in the UK to international business graduates:
| Job Title | Average Salary (GBP) | Average Salary (INR) |
|---|---|---|
| Senior Marketing Manager | 59,472 | 56.76 lakhs |
| Country Manager | 55,352 | 52.83 lakhs |
| Business Development Manager | 43,141 | 41.17 lakhs |
| Social Media Manager | 34,690 | 33.11 lakhs |
| Digital Marketing Specialist | 31,198 | 29.77 lakh |
| Implementation Consultant | 30,036 | 28.67 lakhs |
| Account Executive | 26,242 | 25.04 lakhs |
MSc in International Business in UK: Comparison By University
Comparing Top universities in the UK offering MSc in International Business on the basis admission requirements:
| University | Application Fee | GPA Required | GMAT/GRE Scores | ELP Scores |
|---|---|---|---|---|
| University of Warwick | 60 GBP(5,727 INR) | 65% or 2.5 GPA | GMAT: 650 | GRE: 332 | IELTS: 7.0 | TOEFL: 92 |
| University of Leeds | Not Required | 65% or 2.5 GPA | GMAT: 600| GRE: 299 | IELTS: 7.0 | TOEFL: 87 |
| University of Manchester | 60 GBP | 60% or 2.4 GPA | GMAT: 620 - 680 | GRE: 330 | IELTS: 6.5 | TOEFL: 90 |
| Durham University | 60 GBP | 65% or 2.5 GPA | GMAT: 600 -650 | GRE: 299 | IELTS: 6.5 | TOEFL: 88 |
| University of Birmingham | 50 GBP(4,772 INR) | 60% or 2.4 GPA | GMAT: 590 | GRE: 300 | IELTS: 6.5 | TOEFL: 95 |
The Bonus rates for Business Development is high in the UK. On average, there is an estimated salary increment of 9% every 15 months as counted in 2019. International businesses can accommodate a high number of professionals. Entry-level professionals usually can work as a purchasing agent, actuarial assistant, or as a sales representative. The entire program gets completed within a year which makes this degree a lucrative option with high returns for international students planning their higher education from UK.
FAQs
Ques. Where can I study MS in International Business in UK?
Ans. University of Warwick, University of Manchester, Aston University, University of Leeds, and the City University of London are some of the top universities offering MS in International Business in the UK. There are overall more than 100 universities in UK which offer you an international business master's.
Ques. What is the duration of MS in International Business in UK?
Ans. The duration of full-time MS in International Business in UK is 1 year. The part-time or an online degree takes 2 to 3 years to complete.
Ques. How much does MS in International Business in UK cost?
Ans. The average cost of studying MS in International Business from top universities of the UK is 15,400 GBP to 29,400 GBP
Ques. What jobs can you get with a Masters in International Business in UK?
Ans. You can work as a finance controller, country manager, business analyst, business development manager, etc after completion of Masters in International Business in UK.
Ques. How much can I make with Masters in International Business in UK?
Ans. An entry-level graduate can make around 25,000-50,000 GBP a year. However, depending on your firm, job role, and previous experience you can also begin your career at a whooping high salary of 70,000-90,000 GBP a year.
Ques. How can I apply for MS in international business in UK?
Ans. You will need a bachelor’s degree with around 50-60% aggregate score, TOEFL or IELTS score, and GRE/GMAT score for certain universities to make applications with universities offering MS in international business in UK. Applications can be directly made with university website where documents and application fee can be submitted online along with the application form.
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