Top 4 Best Business Schools in the UK For 2022



Best four business schools in the UK are:

  • London Business School
  • University of Oxford: Saïd
  • ESCP Business School
  • University of Cambridge: Judge

Why study business in the UK?


The British higher education system is one of the top-rated and highly regarded all around the world. Universities like Oxford and Cambridge continue to be on the list of the top 10 universities around the world year in and year out. Presently there are 4 UK universities on the list of the top 15 universities around the world for higher education.

With the best-in-class research universities and a wide choice of highly regarded universities, the UK is also a global leader in the field of business education. The UK is home to a few of the top universities and top business schools in the world and offers the best quality education. Universities in the UK offer an international setting that no other country or university can offer for students who aspire to become masters in the field of business studies.

The other factors that influence students are the language of instruction and the shorter courses offered by UK universities. The Universities in the UK are not simply limited to top-quality education, but they also provide the right networking opportunities for students to get placed in the best companies in the world after their studies.

The British qualification, especially the one offered by business universities and colleges, is respected around the world for the quality that they offer, placement opportunities, and also their research opportunities.

Cities like London, Manchester, and Edinburgh, are considered the economic hubs of the UK, and graduate students find a lot of job opportunities after their graduation in these cities. According to the Higher Education Statistics Agency, Destination of Leavers from Higher Education 2016-17, the average starting professional salary in the United Kingdom is around £22,000, while most experienced workers in the field of business studies make up to £35,000 per year.


Is studying MBA in the UK better than in the US?


According to the Chartered Association of Business Schools, almost 7 in 10 UK business school graduates are international students. Studying for an MBA in the UK and the US might seem similar, but there are a lot of differences that you should be aware of before deciding which one is better. From the duration of study to eligibility, there are many differences when it comes to doing an MBA in the UK and the US.

In the UK, it takes 12 to 21 months to complete an MBA program at the same time; in the US, it takes 2 to 3 years to complete an MBA program. Tuition fees are another major difference when it comes to the two countries; the average tuition fee to do an MBA program will be around £ 10,00 to £ 15,000 per year, but in the US, this will go above $70,000 per year.

Post-study opportunities and work permits are other major reasons why students prefer studying MBA in the UK over the US; after graduating with an MBA from the UK, the students get a 2 years work permit with the new graduation route. The average salary of an MBA graduate is also significantly higher in the UK when compared to the US. Studying MBA in the UK can save the student a year, and this also helps the student save tuition fees, living expenses, and all the other major expenses during the time of their education.

Many big companies from the US (Amazon, Netflix, and Goldman Sachs) that recruit MBA graduates also have headquarters or offices in the UK, and this provides graduates with better work opportunities. To get admission to a UK university for MBA, a GMAT score of 680-690 is required, and at the same, a GMAT score of 720-730 score is the minimum eligibility criteria in a US university. Age limit can also be a factor when it comes to pursuing an MBA from the UK, and the US universities; the age limit for pursuing an MBA program in the USA is between 25 to 28 years, and in the UK universities, candidates up to 35 years old can apply for an MBA program.


What are the career opportunities after studying business in the UK?


There are surfeit job opportunities that come with a successful business degree from a reputed UK university. A business degree allows the student to develop the transferable skills that are required for working in a business environment. According to a survey by the UK government, only 6% of business graduates have been unemployed, and the rest of them are either working or pursuing higher education.

Basic skills like sharp thinking, an understanding of organisational behaviour, understanding the structure of the workplace, a creative approach to problem-solving, analytical and critical thinking, and decision-making are a few skills that come with a successful business degree. These skills are highly valued by companies that look for graduates in the field of business, and in the UK especially, there are a number of business degrees that offer these skills for students who are passionate about having a successful career in this field.

As the degree is multidisciplinary in nature and covers a lot of relevant subjects like accounting, marketing finance, management, HR, and entrepreneurship, there are a lot of corporate business career opportunities available for a business graduate. According to government data, close to 24% of the Business graduates in the UK take up jobs in the HR, finance, and business sector. Marketing, PR, and sales also top the list, as 20 % of business graduates take up roles in this field. The following are the top career opportunities available after studying business in the United Kingdom:

  • Accountant
  • Actuarial analyst
  • Arbitrator
  • Bank Manager
  • Business adviser
  • Business analyst
  • Business development manager
  • Chartered management accountant
  • Corporate Treasurer
  • Corporate investment banker
  • Data analyst
  • Data scientist
  • Forensic accountant
  • Financial Controller
  • Financial analyst
  • Human resource officer
  • Insurance underwriter
  • Investment Banker
  • Loan Officer
  • Management consultant
  • Marketing Executive
  • Project manager
  • Risk manager
  • Research and Development Assistant Manager
  • Stockbroker
  • Supply chain manager
  • Tax manager
  • Operation Manager

What are the best business schools in the UK?


Name World Ranking Acceptance rate Best course Fees
London Business School 3 by QS WUR Ranking By Subject 25% Master of Business Administration
Master of Arts Financial Analysis
Masters of Management Analytics and Management
Master of Management
Doctor of Philosophy Accounting
£97,500
University of Oxford: Said 1st rank in World University Rankings – Masters In Finance 20% MBA
Advanced Management & Leadership
AI in Fintech and Open Banking
Algorithmic Trading
BA(Hons) in Economics and Management
£68,584
ESCP Business School 6th rank in
QS World University Rankings – Masters In Marketing
20% Bachelor in Management
MSC in Energy Management
MSc in Digital Transformation Management & Leadership
MBA in International Management
Master in Management
MSc in Marketing & Creativity
£ 22, 887
University of Cambridge: Judge 5th rank in QS
World University Rankings – Masters In Finance
21% Master of Studies in Entrepreneurship
Executive MBA (EMBA)
Master of Finance (MFin)
MPhil Management
MPhil Finance
MPhil Technology Policy
£ 59, 887

London Business School


Ranked among the top 2 business schools in Europe for three consecutive years, London Business school is one of the most popular and highly reputed business schools in England and the whole of Europe.LBS was founded in 1964 and was known as the London Graduate School of Business Studies until the name got changed to London Business School.

They are popular for offering programs in MBA, Finance, MBA Executive, and also Ph.D. and a few short-term certificate courses. London Business School was recognised and registered by the Federal University of London in 1965, and to get admission to this prestigious school, the student will need to get a GMAT score of more than 600. According to the QS ranking of 2022 in the global MBA category, London Business school was ranked 6th for the quality of education and research outcomes.
The acceptance rate at the school is very low as there is tough competition for getting admission to this prestigious school; currently, the acceptance rate is around 20% for most of the popular courses. Every year more than 20000 students are admitted to the London Business School from over 100 countries and have a strong international student community.

What are the best programs in this school?

The following are the best programmes offered by the London Business School:

  • Master of Business Administration [M.B.A]
  • Master of Arts [M.A] Financial Analysis
  • Masters of Management [M.Mgmt] Analytics and Management
  • Master of Management [M.Mgmt]
  • Doctor of Philosophy [Ph.D.] Accounting

What are the career prospects after graduation?

In the previous year, London Business school recorded overall placements of around 90%, and the MBA program placement crossed the mark and reached 92% with the best-in-class annual package of £245,385 for a few students.

After graduating from any of the top-rated courses from the London Business school, students can find job opportunities in the following sectors:

  • Commercial Finance Manager
  • Administration Assistant (Operations, Project & Data Support)
  • Enterprise Manager.
  • Events Coordinator- Engagement
  • Senior Manager & Product Owner
  • Recruitment and Admissions Administrator, MBA
  • Bid Manager

Graduates of London business school get the best of the job opportunities with a base salary of £85,374 ($114,526) and average additional compensation, such as sign-on bonuses, of £36,989 ($49,234).

Eligibility

  • An undergraduate degree or equivalent qualification
  • Multiple LOR for the UK
  • Two years of work experience
  • Marks – 600/800, The average GMAT score for the MBA 2023 class was 708
  • A GPA of 3.3 and above

Fees

The average tuition fee at the London Business School will be around £97,500 per year, and this includes tuition fees and also material charges, but this doesn’t include housing or other expenses.

Scholarship options

LBS offers many scholarships for aspiring business students; most of their scholarships are funded by LBS directly or by the alumni association or other outside supporters. LBS considers all the admitted students automatically for the scholarships, and there is no requirement for a separate application. Some scholarships are awarded early in the admissions process.

Following are a few popular scholarships offered by LBS :

  • London Business School Fund Scholarships
  • Masters in Management Merit Scholarship
  • Laidlaw Women’s Leadership Fund
  • La Caixa Scholarship
  • Bell-Cohen MBA31 Scholarship (Masters in Management)
  • SARI Foundation Trust Scholarship

University of Oxford: Saïd


The University of Oxford is one of the best universities in the world, and the Saïd Business School or Oxford Saïd, is the world-class business school of the university of Oxford. The famous Oxford School of Management Studies was rebranded as Saïd Business School in 1996 after a donation from Wafic Saïd. Saïd Business School offers a one-year MBA program that comprises offline lectures, seminars, paper presentations, essay writing, and group activities.

They offer the best in class education for the students to achieve the top career opportunities in the world. The unique pedagogy followed by the university prepares the student ready to achieve the top career opportunity with the best in class remunerations.

Saïd Business School is consistently ranked as one of the world’s best business schools based on the quality of education offered and the research outputs. Saïd Business School is popular for its graduate courses, and they also offer undergraduate programs in Economics and Management. The school has close to 94% international students from over 71 counties and is a hub of a melting pot of different cultures.

Most of the assessments in the school are based on either submissions or presentations; the student will be asked to submit an original essay or to do a presentation to prove his knowledge of a particular subject. Saïd Business School offers admission to international students across 63 programs, and the school has an acceptance rate of 20%, which makes it one of the hardest business schools to get admission in.

What are the best programs in this school?

The following are the best programmes offered by the Saïd Business School :

  • Bachelor of Arts in Economics and Management
  • The one-year full-time MBA
  • Executive MBA
  • DPhil or Ph.D. in Management Studies
  • MSc in Financial Economics
  • The two-year MSc in Major Programme Management
  • One-year MSc in Law and Finance
  • MSc in Global Healthcare Leadership

What are the career prospects after graduation?

Saïd Business School has one of the best placement rates when compared to all the other universities and business schools; the school has a placement rate of 82%, with more than 90 % of the international students getting the best career opportunities after their studies in the prestigious university.

Oxford MBA students with an employment rate of 86% have topped the placement list for the year 2020-2021. There was a rise in overall average salaries to £78,895, up from £71,940 last year. The average salaries in finance rose significantly from £87,196 up from £69,800 last year.

Following are a few sectors in which the MBA graduates got placed during the year 2020-2021:

  • Financial sector
  • Consulting
  • Global Industry

Eligibility

  • GMAT score of 650 or above
  • Minimum two years of work experience
  • A post-study Career Plan
  • CGPA – 3.5/4
  • An intact CV
  • Professional experience
  • GRE/ GMAT score
  • GRE verbal score of 160 and a quantitative score of 160
  • Academic transcripts
  • English proficiency test scores
  • IELTS score of 7.5

Fees

The average tuition fee at the Saïd Business School will be around £68,584 per year, and this includes tuition fees and also material charges, but this doesn’t include housing or other expenses. Accommodation cost at Said Business School ranges from around £800 to £1000 for one week.

Scholarship options

The school offers various scholarships for students based on their merits. This will cover either the total cost of the student’s education or partial tuition fees, depending on the scholarships.

Following are a few popular scholarships offered by Saïd Business School:

  • Saïd Business School doctoral support
  • Eni-Oxford DPhil Scholarship
  • Oxford Saïd-HEC Montréal Scholarship
  • Director’s Awards (additional application required)
  • Oxford Alumni Scholarship
  • Oxford-Hasmukh Patel Graduate Scholarship
  • Scholarships for Women (additional application required)

ESCP Business School


Founded in 1819, ESCP business school is one of the first business schools in the world and a pioneer educational institution for business-related courses. They have produced a long list of great academicians, leaders and entrepreneurs. Presently ESCP business schools have six campuses in Berlin, London, Madrid,Paris, Turin, and Warsaw.

What makes the school truly global and a melting pot of culture is the international student strength; every year, more than 6000 students clear the admission criteria of this prestigious school for studying business-related courses, and more than 5000 students out of these are from around 120 countries, the business programmes offered by the ESCP business school London challenges the student intellectually and acquires skills for a top international career, and this will also help the student obtain strong methodological training and develop personal competencies.

ESCP Business School is multi-accredited with AACSB, EQUIS, EFMD MBA, EFMD, and EMBA, all the major accreditations of Europe. They have over 140 academic alliances in Europe and in 47 countries around the world. The school has a strength of 90 affiliate professors, 40 visiting professors, and over 8000 practitioners and experts in the field of business. The school offers both undergraduate as well as post-graduate programs in the field of business studies.

What are the best programs in this school?

The following are the best programmes offered by the ESCP Business School

  • Bachelor in Management
  • MSC in Energy Management
  • MSc in Digital Transformation Management & Leadership
  • MBA in International Management
  • Master in Management
  • MSc in Marketing & Creativity

What are the career prospects after graduation?

Hands-on experience gained through internships, presentations and group projects, as well as the school’s international dual degree selection, will help the graduate students to successfully launching of their careers in the best companies around the world. Companies like Amazon, CHANEL, Deloitte, EY, Ferrero, Google, L’Oréal, Total, Ubisoft, HSBC, Bank of America, and BNP Paribas are the major recruiters of the ESCP business school London.

Graduates in the field of business studies from this prestigious university get a placement offer of £71,000 per year, and they have a placement record of 98% in the past. They also have a strength of 180 research-active professors representing over 33 nationalities and a strong alumni network of 73,000 active alumni in over 170 countries in the world.

Eligibility

  • High School diploma
  • Degree Certificate/ Diploma recognized by the MESR
  • Written Test Scores (GMAT or GRE or TAGE MAGE or CAT)
  • Fluency in English
  • English fluency (level B2, advanced)
  • Being an internationally-minded student with proven academic excellence
  • Extracurricular experience
  • International Exposure

Fees

The average tuition fee at the ESCP Business School will be around £ 22, 887 per year, and this includes tuition fees and also material charges, but this doesn’t include housing or other expenses.

Scholarship options

The ESCP Business School offers various scholarships for students based on their merits. This will cover either the total cost of the student’s education or partial tuition fees, depending on the scholarships. Scholarships can cover 10% to 50% of tuition fees (excluding first-year registration fees) and are assigned based on different criteria such as merit, diversity, and financial needs.

Students who are eligible for CROUS scholarships allocated by the French Ministry of Higher Education are eligible for an ESCP need-based scholarship. The exemption percentage ranges from 10% to 50%, depending on the CROUS level.


University of Cambridge: Judge


Established in 1990, the University of Cambridge: Judge is one of the most popular and reputed business schools in the world. The school is situated on the site of the Old Addenbrooke’s Site on Trumpington Street, near the Fitzwilliam Museum. The business programs in the school are more focused on the theory and practicals of finance, accounting and management skills and also draw upon the University of Cambridge’s long heritage of world-class teaching, learning, and research outcomes.

Cambridge Judge Business School, formerly known as Judge Institute of Management Studies, teaches business-related courses that have a link to the banking and finance industry to meet all the current requirements of the industry. The school attracts students from over 100 countries and is a truly global school when it comes to international student representation. The school is named after Sir Paul Judge, a founding benefactor of the school. The Cambridge EMBA program is ranked 9 in Europe according to the QS World University Rankings, 2022.

With 710 acres and an annual Endowment of €7.121 Billion, the university of Cambridge: Judge is one of the most prestigious educational institutions in the world. The university is esteemed for its international business programs, which focus on the needs of the global community and works towards attaining the goal by providing the best quality education and research facilities.

What are the best programs in this school?

The following are the best programmes offered by the University of Cambridge: Judge :

  • Ph.D. and Research Masters
  • MBA
  • Master of Accounting
  • Master of Studies in Entrepreneurship
  • Executive MBA (EMBA)
  • Master of Finance (MFin)
  • MPhil Management
  • MPhil Finance
  • MPhil Technology Policy
  • MSt Social Innovation
  • Executive Education open and custom programmes (20 open enrolment programmes)

What are the career prospects after graduation?

Amazon, Deloitte, Boston Consulting Group, JP Morgan, McKinsey & Company, and Shopee are the major recruiters of the University of Cambridge: Judge. 91% of the students who attend business programs at the University of Cambridge: Judge gets placed within three months of graduation, and 94% of the students receive their offer letter within three months of their graduation. Graduates from the university currently work in more than 22 countries around the world with an average base salary of £75,359.

Application process and Eligibility

  • At least a 2:1 Honours degree on the UK grading scale or equivalent.
  • Average GMAT of 693
  • TOEFL iBT score of 110
  • IELTS score of 7.5
  • Two years of work experience in a few courses
  • Professional LOR
  • Proof of fund availability
  • A personal statement in 500 words
  • The CAS number is mandatory in the Tier 4 application

Fees

The average tuition fee at the University of Cambridge: Judge will be around £ 59, 887 per year, and this includes tuition fees and also material charges, but this doesn’t include housing or other expenses.

Scholarship options

University of Cambridge: Judge offers various scholarships for students based on their merits. This will cover either the total cost of the student’s education or partial tuition fees, depending on the scholarships. The Cambridge Judge Scholarship Programme provides a full programme fee concession of £ 73,000 to candidates based on their academic performance in the past.

The University of Cambridge also has a strong alumni network, and the alumni scholarship is provided by the alumni members for the students who are in need of financial assistance. University of Cambridge: Judge also offers small funds in the name of Helping Hands; a fund of £ 2,500 will be awarded to the financially needy candidates.

Following are a few popular scholarships offered by the school:

  • The Forté Foundation Fellows Scholarship (women only)
  • The Wider Cambridge MBA Scholarship for The ROMBA Fellowship for the LGBTQIA+ Community Regional Diversity
  • The Boustany Foundation MBA Scholarship (awarded once every two years)
  • The Cambridge Judge Dean’s Scholarship for Outstanding Academic Achievement
  • The Sidney Sussex Joyce Coutu Scholarship for Cambridge MBA students
  • The Cambridge MBA Military Veterans Scholarship
  • The Wider Cambridge MBA Scholarship for Professional Diversity

Few other popular business schools in the UK apart from the top 4 are as follows:

  • Imperial College Business School
  • Warwick Business School
  • University of Edinburgh Business School
  • Durham University Business School
  • City, University of London: Bayes
  • Alliance Manchester Business School
  • Henley Business School
  • Cranfield University Business School
  • Lancaster University Management School
  • University of Nottingham Business School
  • University of Exeter Business School
  • Cranfield School of Management
  • University of Manchester

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Date added
07.10.2022

Filed under:

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