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]

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.