Masters in International Business in the UK

In the United Kingdom, an MS in International Business is a one-year professional degree that is taught full-time on-campus and costs between 15,000 and 30,000 GBP at leading colleges. This costs approximately 14-29 lakh rupees (approximately $14-29 lakh INR) for Indian students. In addition, overseas students who prefer to study while remaining in their home country can do so using the program's online delivery system. In the United Kingdom, there are over 100 colleges that offer an MS in international business, including some well-known names such as the University of Manchester, Warwick Business School, Durham University, University of Leeds, and others, among others.

The cost of studying MIB in the United Kingdom is considerable, although scholarships of up to 100 percent are available to international students studying in the United Kingdom to compensate for the high fees. The program focuses on political knowledge as well as practical parts of learning how firms throughout the world deal with a variety of difficulties and compete in today's global marketplace. A basic average annual salary of 25,000-50,000 GBP (24 lakhs to 49 lakhs INR) is expected to be earned by graduates with an MS in international business from the United Kingdom, according to the Institute of International Business.

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#Why study Masters in International Business in the UK?

According to the Higher Education Statistics Agency (HESA), the highest number of students were enrolled in PG-taught programs given by Business institutions in the United Kingdom. The MBA from the United Kingdom is the preferred option for the majority of overseas students interested in a business degree. MS in International Business, on the other hand, would be a better choice if you are primarily interested in learning about business from a worldwide perspective. Additionally, you may choose to pursue a master's degree in international business in the United Kingdom for the following reasons:

• According to the QS News Rankings for business and management universities throughout the world, seven institutions in the United Kingdom that offer an MS in International Business are ranked in the top 100 institutions in the world.
• An annual salary of between 27,000 GBP and 55,000 GBP is possible with a degree in international business in the United Kingdom.
• Bristol, Birmingham, and Swindon are the top-paying locations in the United Kingdom for international business graduates, according to Payscale.
• According to prospects.UK, 71 percent of international business graduates were employed within six months of completing their degrees in international business. 27 percent of those surveyed were employed in business, finance, or human resources positions.
  

#Top Universities

QS News World University Rankings 2020 for business and management programs lists the following institutions as the top universities in the United Kingdom that offer a 1-year MS in International Business program. The following are the approximate fees in Indian Rupees, as provided by the vendor.

Universities such as the University of Birmingham also provide an online style of instruction for students wishing to pursue a master's in international business from the United Kingdom.

#Course details

Management, marketing, and finance are the three primary areas studied from the perspective of the international market in the Master of Science in International Business program, in general. Foreign markets, their dangers, policies, and laws governing cross-border taxation are all covered in detail throughout the course. Some of the most popular courses that you may take in the United Kingdom. Organizational Management and International Business Environments are some of the topics covered in this course. Other topics include International and Cross-Cultural Management, Entrepreneurship, Business Economics, International Accounting, International Marketing, and Managing Organizations.

#Admissions

You can apply to the universities in the United Kingdom that are offering the program through their websites. In many cases, you will be required to submit an application fee as well as extra supporting papers in addition to your completed application form. The following section provides a comprehensive overview of the eligibility and requirements for most of the leading colleges in the United Kingdom that offer an MS in international business:

#Eligibility

Although most universities in the United Kingdom accept students with undergraduate degrees in a variety of subjects, in addition to a bachelor's degree, you will need to meet the following minimum entry requirements to be considered for admission to the best universities in the country:

#English requirements

International students are expected to demonstrate competency in the English language by the submission of IELTS or TOEFL test scores prior to enrollment. The following are the minimum score requirements for admission to the best universities in the United Kingdom:

• IELTS: 6.0 to 6.5
• TOEFL (iBT): 72 to 90

#Student visa

A foreign student over the age of 16 who wishes to study in the United Kingdom must apply for a Tier 4 General Visa. This allows for benefits such as 20 hours of work per week or full-time work during holidays, as well as the ability for students to work part-time on the university's campus. The following documents are required for the application:

• Passport information in detail
• The results of the tuberculosis test.
• Certificate of No Criminal Record.
• Demonstration of financial capability. The evidence must demonstrate that the student has the financial means to cover the whole cost of living, studies, and accommodation.
• The sponsor's agreement to proceed with the Visa application.
• A recent photograph- passport size.

#Cost of studying

The United Kingdom is less expensive than 47 percent of the countries in Western Europe and more expensive than 80 percent of the countries in the globe as a destination for international visitors. There are three types of costs associated with studying abroad for an international student planning his or her master's degree: transportation, lodging, and food. There are two types of costs: pre-arrival costs and post-arrival costs.

Pre-arrival costs

This covers payments for visa applications, registration fees for tests to study in the United Kingdom, and university application fees, among other things. An estimate of these costs is provided in the table below:

#Post arrival costs

This comprises tuition expenses for the MS in International Business as well as the cost of living in the United Kingdom, which includes travel and lodging. As previously mentioned, tuition fees for international business masters programs offered by the United Kingdom range between 15,000 and 30,000 GBP each year. Oxford Brookes University is the most affordable of the top-ranking universities, while Warwick Business School is the most expensive of the top-ranking universities. In addition to tuition fees, you will require finances to support yourself while studying in the United Kingdom.

Tuition fees:

Cost of living: The following are the breakdowns of the average cost of living in the United Kingdom for an international student:

#Scholarships

Chevening Scholarships for Masters, Commonwealth Scholarships for Masters and PhD, and Commonwealth Scholarships for PhD are just a few of the prominent postgraduate scholarships available. The Commonwealth Scholarships are available to citizens of 62 Commonwealth countries, including India. Indian students can also apply for Saltire Scholarships, which are available to them. You have the option of applying for government scholarships for international students wanting to study in the United Kingdom, or you can apply for scholarships offered by individual universities.

Some of the scholarships for international students in the United Kingdom that are available from universities include:

#Career prospects

Graduates with a Masters in International Business degree can find employment in a variety of fields, including banking, public relations, and manufacturing, among others. For the most part, graduates can expect to work in consulting, international finance, non-profit organizations, and entrepreneurial initiatives after they complete their degrees.

The following are examples of occupations available in the United Kingdom to recent graduates in international business:

In the United Kingdom, the bonus rates for business development are very high. As of the beginning of 2019, a projected pay increase of 9 percent occurs every 15 months on average, according to the data. International enterprises can handle a large number of professionals at the same time. Purchasers, actuarial assistants, and sales representatives are examples of entry-level positions available to those with no formal education. Because the full program may be completed in a year, this degree is a viable alternative with excellent returns for overseas students who are planning their further education in the United Kingdom.