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Investing in an MBA degree in the United Kingdom can be a prime concern for your higher studies abroad. Your step will ensure your career prospects and identify what your MBA salary in UK will be. Yes, pursuing an MBA in one of the top Universities in the United Kingdom can be proven to be transforming for your career because you study in a country that is marked by global excellence in management education. Before you move on, you should know the job prospects and the average MBA salary in UK.
In this blog, we will cover all important post-study aspects of your management studies, like salary after MBA, jobs, factors influencing your salary, top recruiters for MBA graduates in UK, tips to maximise your salary, and much, much more.
Why Pursue An MBA in UK?
Let’s move on…….
It is currently trending to study for an MBA, a master’s qualification in business management and administration. But before you move on, you should be aware of what it means to your career, and what an MBA salary per month is, especially in your country when you get your degree from the UK and return to your homeland.
So why an MBA in UK? ……. See it is not a general postgraduate degree. It is a professional qualification in business management and administration. An MBA career is diverse, so the salary is higher than that of other graduates. An MBA degree from the UK will improve your employability and enrich your career growth. A range of top business schools in the United Kingdom offer this programme, but you should be extremely careful in choosing not only a business school/University, but also your placement and MBA salary in UK per month. Many international students are now choosing to study in the UK, which is why you are choosing; it shouldn’t be like this. Let’s explore why UK? Why not other nations for studying an MBA programme?
The average MBA salary in UK typically falls between GBP 55,000 and GBP 95,000, though the MBA salary per month can vary significantly based on the business school/University, tier, work experience, and one’s chosen industry. Graduates from top-tier business schools, like University of Oxford (Saïd Business School), University of Cambridge (Judge Business School), and Imperial College Business School, to name a few, often earn around GBP 85,000 to GBP 95,000 or higher. Here is a list of business schools, where the average salary of MBA graduate can be:
Some sources said that salary after an MBA depends on one’s skills, knowledge, and industry experience. Normally, graduates with previous management experience earn higher than the fresher. It is also seen that some MBAs earn double the amount of a UG business degree, almost 55 per cent higher than the general PG degree holders.
The MBA salary in UK is huge. Because management is an interdisciplinary field, you not only learn the fundamentals of business management, but also learn a variety of subjects, like operations, logistics, supply chain, marketing, sales, human resources, finance, accounting, and leadership. This helps make the MBA scope and salary huge in various ways. After completing an MBA in UK with a couple of years of experience, your salary can go up to GBP 170,000 or more in high-paying roles, such as investment banking, consulting, or business leadership etc. Here are the top jobs after MBA and salary at a glance.
Job Role |
Average Salary in GBP Per Year |
---|---|
Management Consultant |
65,000 – 95,000 |
Investment Banker |
80,000 – 120,000 |
Marketing Manger |
45,000 – 70,000 |
Operations Manager |
40,000 – 65,000 |
Financial Analyst |
40,000 – 60,000 |
Business Development Manager |
42,000 – 68,000 |
Project Manager |
45,000 – 75,000 |
Some specialisations command higher salaries after an MBA in UK than others. Also, there are specialist management programmes offered by various top business schools, and if you have a specific career path, pursue the programme that aligns perfectly with your career goals. Also, when it comes to earning potential, here are some of the specialisations that offer higher salaries than others: a clear edge:
MBA salary in UK varies significantly by industry, with finance and banking, business consulting, market research, and technology. These are some of the industries that offer the highest compensation to UK MBA graduates. While some other sectors, such as healthcare and hospitality, tourism, operations, logistics, and supply chain management unique career paths. Here is a breakdown of MBA salary by industry in UK:
Industry |
Average Pay in GBP |
---|---|
Consulting |
85,000 or more |
Finance |
80,000 or more |
Technology |
95,000 or more |
Healthcare |
47,616 or more |
Energy |
45,500 or more |
Hospitality and Tourism |
58,694 or more |
Though various factors influence the MBA salary in UK. They are:
When it comes to attractive jobs in the UK after an MBA, many top companies stand out. These companies are mostly mid and large-scale companies that recognise the value of MBA graduates. They actively seek management skills and expertise to drive their business strategies forward. Some of them are:
To maximise your MBA salary in UK after you complete your degree, there are a few things to keep in mind. Here they are:
The return on investment (ROI) after an MBA in UK is generally positive. The MBA graduates experience increased earning potential. In the starting, they can earn a salary up to GBP 70,400, which is normally higher than that of the general postgraduate degree holders. Graduates often get accelerated career advancement, especially into leadership roles. Furthermore, the return on investment includes non-monetary benefits, such as global networking opportunities and exposure, as well as improved career satisfaction. Also, the actual ROI depends on factors, like cost of tuition and living expenses, reputation of the business school and placement.
To calculate the ROI after an MBA in UK, the basic formula is (Net gain from MBA/MBA cost) x 100
Some factors influence MBA salary in UK, such as:
Your MBA salary in UK depends on the specialisation you opted for in your management studies, the University you graduated from, and the experience you hold. The salary for an MBA in the UK depends on previous experience. If you are experienced in any management domain with an MBA from the UK, then you can accept a much higher salary than that of a fresher. AS we have discussed here in this blog, top recruiters, like McKinsey & Company, Bain and Company, or the BCG, offer higher salaries than other companies, because they are global companies of repute. Though the return on investment is good for a fresher as well. So, if you plan to study an MBA from one of the top Universities in the UK, you can ask for help from Education Vibes, one of the leading and most trusted study abroad consultants.
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