The United Kingdom is the sixth largest economy in the world. London is the capital, with the largest city GDP in European Union. It is also known as the world's largest financial center along with New York. UK started the scientific and industrial revolutions, and today its aerospace and pharmaceutical industries are rated among the best.
Unlike other European countries where knowledge of local language is necessary for post-MBA job opportunities, with English, International MBA students can leverage the knowledge of the language for job search and networking.
After completing the MBA program, non-EU students need to apply for a Tier 2 visa, to continue their stay in the UK. This 3-year Visa has stricter norms than the earlier Tier 1 Visa and requires an employer to certify that the position was advertised for, and could not be filled by someone from the EU. All the more reason to go for a top MBA that ensures a Tier 2 Visa. Here are our top seven MBA programs in UK.
1) London Business School (LBS)
LBS is located in Regent's Park, right in the heart of London, giving students access to globally prominent businesses and financial institutions. The school’s MBA program is flexible, lasting 15, 18 or 21 months and has an extremely diverse class profile. In the joining class of 2012, there are 62 nationalities, with 89% of the students coming from outside UK. The 2011 median base salary was £70,000, with a median sign on bonus £15,000, and a median year-end bonus £15,000. The major recruiters from campus are American Express, Accenture, Barclays Capital, Citi, Google, Deloitte, Deutsche Bank, PepsiCo, HSBC, Shell and Thomson Reuters.
The teaching methodologies are based on lectures and case discussions, with simulations, role-playing, field visits and London based talks and business experiences. Group work is also given importance with students assigned to small study groups for the length of the course. The first year concentrates on the core curriculum and includes the experiential London Business Experiences course – a corporate visit from a choice of London-based companies that include interaction with high-ranking professionals.
During the summer break, students can take up an 8-12 week paid workplace experience with summer internship or complete the Entrepreneurship Summer School elective, where a business idea is developed and tested in the proposed markets. Groups of 6-8 students can be part of the Summer Consulting Program and provide consulting solutions for a wide range of clients.
During the second year, students take up 10 - 12 electives from a choice of over 70. For the Global Business Experiences (GBEs) program, students with faculty travel to places like to countries in faraway continents like China, India and South Africa and interact with local industry experts and visionaries through corporate visits, panels, lectures and workshops.
Students who complete the course of in 18 or 21 months can take part in the International Exchange Program, at any of 30 schools that include HEC Paris, SDA Bocconi – Italy, Indian Institute of Management Bangalore – India, Hong Kong University of Science and Technology – China, Kellogg School of Management – USA, Fundacao Getulio Vargas – Brazil and Graduate Business School - South Africa. LBS graduates will have access to a global alumni network of more than 34,000.
2) Judge Business School (JBS)
The Judge Business School is at the heart of Cambridge, a dynamic business hub by itself, known as the Silicon Fen with an active entrepreneurial community backed by a well-established VC network. The 1-year MBA class is a diverse group, with 86% from outside Europe, representing 40 nationalities. The 2011 MBA students earned an average base salary of £68,091 and an average year-end bonus of £18,467. 53% switched country, 67% switched function and 52% switched industries. The top three recruiters were McKinsey, Credit Suisse and Amazon.
The prime teaching methodology is classroom lectures, followed by case studies and experiential learning. JBS offers eight concentrations including Beyond Profit, Cultural Arts & Media Management, and Energy & Environment. The unique feature of the MBA program is its four projects, three of which are compulsory – the Cambridge Venture Project, with small-scale, innovative companies that are near Cambridge, the Global Consulting Project, involving a live consultancy stint at an international company, and the Capstone Project, which is a research project based on the student’s concentration. At the end of the program, students have the option of spending time on an individual project of their choice or doing an internship, conducting an exploratory research task, or on making a practical plan for their own entrepreneurial venture.
For Entrepreneurial MBA students, the Centre for Entrepreneurial Learning (CfEL), the Cambridge Enterprise, the Cambridge Network, the Cambridge University Entrepreneurs (CUE) and the Cambridge science parks offer the environment and network to develop their projects. JBS students also have the advantage of an immense network of 4,000 alumni in 85 countries in addition to the vast network at Cambridge University.
3) Saïd Business School (SBS)
Said Business School is part of Oxford University, one of the oldest and prestigious educational institutions in the world. The 1-year MBA program draws students from 41 nationalities, representing 94% of the class. The graduating class of 2011 earned an average salary of £64,800, which represents a £20,000 increase from their pre-MBA salaries.
The teaching methodology comprises of 25% Case study, 40% Lecture, 10% Simulations and 25% Team project. There also are seminars, group tasks and team based projects. After completing the core program, students can choose from more than 35 electives including subjects like Business in China and the new psychology of marketing. During the Easter break, students have the option of participating in the 1-2 week Student Treks that can take place anywhere across the world. Previous treks were in Silicon Valley, Asia Pacific and New York. Students also have projects like the Strategic Consulting Project, the Individual Academic Thesis and the Entrepreneurship Project where students present their business plan to a panel of VCs and industry experts
Read - Top MBA in UK (Part 2)