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

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:

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:

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

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:

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:

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:

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:

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

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