Why Are Business Schools In The UK So Popular?
Business schools in the UK are so popular because the UK is home to the world’s most renowned universities. These are recognized by major global league tables. According to the 2018 Times Global MBA Ranking, the UK has 14 business schools leading and appearing in the top 100 schools globally. Now that is impressive! This popularity and demand for business schools in the UK attract thousands of students every year from different parts of the world to come and pursue their tertiary education.
Today the UK’s business schools hold more students (national & international) compared to any other university subject. Did you know, business schools grant £13 billion to the UK economy. And third of all the international student population in the United Kingdom study at business schools. Despite Brexit, business schools education is booming in the UK. Rather it had a positive impact on the demand for top MBA courses in the country. As per the new data, the London Business School applications for MBA saw a hike of 15% each year, says Gareth Howells, executive director of the programme.
Let’s see some of the reasons why students choose to study Business in the UK!
Duration Of The Course
The most important and prime factor why students choose to opt for MBA programmes in the UK is its duration. It is mostly one year when compared to the US and Canadian universities. It is also seen that most universities recognize the Indian system of education. Here the bachelor degree programme is usually of 3 years only.
Varied Business Courses To Choose From
Compared to the US business schools, the UK has a wide range of business programmes for you to choose from. It is even more diverse when you dive into the specializations and content tables. The one thing that stands it apart from most of the countries is the continuous strive to make it more dynamic and effective for the students. The Educationalists and curriculum experts are constantly adding new topics based on the latest data and changes that suit the international job market.
Besides the core subjects like Economics, Finance, Accounting, Human Resources, Management Operations, Marketing, Information Systems, and Quantitative Methods; several other disciplines are being offered to students.
Affordable Tuition Fees
Even though the UK business tuition fees increase each year, when compared to the US business schools these are very much affordable for international students. The tuition fees for a one-year business programme can be somewhere around £10,000 — £15,000. But when we talk about top schools like Cambridge and Oxford, the potential tuition fee cost can go up to £45,000.
However, there are quite a lot of business schools that offer top-notch business degrees at lower tuition costs. There are ample opportunities for students to finance their studies abroad, they can apply to scholarships where some even offer fully funded financial aid.
Powerful Research Infrastructure
The country has the best and most renowned research infrastructure. As per the survey by REF (Research Excellence Framework — a system for evaluating the quality of research in the UK for higher education) 30% of university research in the UK is indexed as “world-leading”, whereas 46% is classified as “internationally excellent”. This proves that the UK has a very strong research platform and the students get a chance to explore as many concepts as they want.
Some of the UK libraries have millions of books for students and staff to borrow, read, and consult. On the other hand, universities give you free subscriptions to the best quality academic information & database which includes thousands of papers and journals from all across the world.
Global Recognition & Ranking
A Business degree from a reputed university in the UK has an immediate global impact and recognition. This is what the student needs after working so hard in their university years. The programme portfolio will attract some of the best and leading recruiters in the world. Hence, giving you a competitive edge over others in your home country.
Alumni Network
An alumni network is a place where you can establish strong connections with recruiters and scholars. When you complete your programme at a renowned university, you gain access to the alumni club. Here you can access the rich storehouse of knowledge and sources that can have a significant impact on your career. This makes you a global citizen after all.
Career Guidance
Almost every business school offers you a full-time career guidance service that supports you tapping your talents and understanding your massive potential. The career guidance advisors are professionals in their field and their expertise helps you enrich your CV and cover letter. They will help you with interview tips and tricks and help you equip your skills to land a dream job or start your own business.
These were some of the top reasons or points that students see and join the business programmes in the UK. If you wish to do so, then go ahead and fulfil your study abroad dream because I am sure it will be worthwhile in the end. Good luck!
