Erudera's Complete Guide to Studying Business in The UK
The United Kingdom has a reputation for being a country of learning and academic excellence. Home to some of the most prestigious business schools, the United Kingdom is a global business hub. Since every student wishes to step into the business world prepared for what comes after graduation, universities in the UK make sure that their students emerge as highly prepared individuals. Now, whether you aspire to be a business leader, an accountant, or work in human resources, obtaining a business degree in the UK will have you learning from some of the best business brains.
Reasons to Study Business in the United Kingdom
The United Kingdom offers Globally Recognized Qualifications
Pursuing a degree in Business in the United Kingdom means that you will receive a degree or qualification that is recognized by institutions and employers all around the world.
The Quality Assurance Agency for Higher Education (QAA) inspects the universities in the UK and ensures that they maintain the world-leading reputation for the quality of education they offer.
Develop core skills needed in the business world
By studying this field you will receive an introduction to the world of business. During your studies, you will develop essential skills in a variety of different areas including finance, human resources, accounting, project management, logistics, international business, etc. The knowledge you gain during these years will equip you with skills that you can use in various business careers. These skills include public speaking, communication, writing skills, analytical skills.
Best Universities for Business
The United Kingdom is home to some of the best business schools in the world. These include London Business School, LSE - London School of Economics and Political Science, University of Warwick Warwick Business School, Imperial College London - Imperial College Business School, University of Cambridge Judge Business School, University of Oxford Said Business School. In these schools, you will receive the most advantageous education, and definitely get value for money.
Great for Networking
While studying for a business degree one of the most powerful tools that is at your disposal is networking. Another reason why you should study Business in the UK is because of its Building a network will have a strong positive impact on the future of your career. However, this does not mean that you connect with people just for the sake of it. Instead try to build strong and meaningful relationships since these connections will come in handy once you graduate and start your own business, or pursue another career in business.
To get into a business school you first need to meet the requirements of the school you plan to attend. Usually, requirements for a business-related degree may vary depending on the level of study you plan to pursue. Some general requirements that you must meet in order to get into a business school in the UK include:
In order to be eligible to enter a business school in the UK at an undergraduate level, you should have successfully completed High School and obtained your diploma or leaving certificate. If you are planning to pursue your studies at a postgraduate level, you should have a Bachelor’s degree in one of the business areas.
Submitting a GMAT/GRE score is also one of the requirements. Universities may have different minimum requirements for this section, so make sure you check with the university of your choice about their preferred score.
You will also be required to submit a copy of your CV, and at least two reference letters.
For postgraduate studies, some universities may require you to have a minimum of two years of work experience.
An important requirement for international students that wish to study in the United Kingdom is obtaining a visa. Visa requirements may vary depending on the country of your origin. EU/EEA and Swiss students that have started their studies before 31 December 2020, but want to continue their studies after January 1st, 2021 will need to apply for a settlement scheme before 30 June 2021. Some students will need a visa to study in the UK even if they come from an EU/EEA country.
If you are a non-EU/EEA student, the length of your studies determines the type of visa you need in order to study in the UK. If you are going to stay in the UK for a period of 6 to 11 months you need a Short-Term Study Visa. Whereas, if you plan on staying in the country to obtain a Bachelor’s, Master’s, or a Ph.D., you need to apply for a General Student Visa (Tier 4 Student Visa).
Another requirement for all prospective business students whose native language is not English is having a certain level of English proficiency. The requirements for language proficiency may differ from one university to another.
- If you take the IELTS you must score no less than 6.0 in each section.
- If you take the Cambridge Advanced English (CAE) you must have at least a grade C.
- If you take the TOEFL test you must score a minimum of 92 points overall with a minimum of 23 in Speaking, 22 in Writing, 21 in Listening, and 21 in Reading.
The United Kingdom has a centralized application system called UCAS (Universities and Colleges Admissions Service) through which admissions committees receive students’ applications. International students apply through the same portal as well. However, it is important to check the website of the university you plan to apply to. Some universities require you to apply directly to their website. This includes completing an application form, creating an account on the university website, and submitting the supporting documents.
If you are applying through UCAS you should create an account and fill out your application. When completing your application whether it is through UCAS or to the website of the university directly, make sure that you write your name exactly as it appears on your passport or birth certificate.
Degree Duration: How Long Does It Take to Study Business in the United Kingdom?
The duration of a degree usually depends on the level of study you are undertaking. It also depends on the school and subject area you choose to study. If you are pursuing undergraduate studies, a bachelor’s degree in Business may take three to four years of full-time study to complete. Master’s degrees on the other hand are shorter. It usually takes at least one to two years of full-time study to complete. Ph.D.’s on the other hand take longer than master’s degrees to complete. If you choose to pursue a Ph.D. in Business in the UK you can expect to dedicate three to four years of your life to the degree.
Tuition Fees: How Much Does It Cost to Study Business in the United Kingdom?
Tuition fees in the United Kingdom vary depending on the country of your origin. They also depend on the level of study you plan to undertake, and the university in which you choose to pursue your business studies. Tuition fees for students coming from a third country have always been higher. However, due to Brexit, students coming from an EU/EEA country may have to pay the same tuition fees as international students coming from a third country. If you are undertaking your bachelor studies you can expect to pay around $12,961(£9,200) to $35,227(£25,000) per year.
For postgraduate studies, tuition fees can range from $7,042 (£5000) to $42,255 (£30,000) per year.
Business Jobs in the United Kingdom
Majors of the Business field enjoy a wide range of profitable work opportunities which they can choose from. For example: if you obtain a degree that is more general such as business or management you will be able to work in fields such as marketing, banking, human resources, business development, etc. You can take one of these positions in a wide range of public, private, and voluntary sectors like food, healthcare, retail, tourism, and many more.
If you choose a more specialized field like finance or accounting you get certified and work in that field. Other jobs include investment analysts, risk managers, business consultants, financial advisers, stockbrokers, etc.
Some of the highest-paying jobs in the Business field include the fields of:
|Field||Average Annual Salary|
|Investments and Securities||$67,570|
|Human Resources Management||$72,250|