Dec 26, 2022
Pursuing an MBA abroad is a preferred choice for umpteen study abroad aspirants. When considering a Master of Business Administration (MBA), the United Kingdom and the United States often top the list of desired destinations for aspiring global business leaders. Both countries have prestigious Business schools and institutions, innovative curricula, comprehensive scholarships, great job prospects and vibrant business communities.
The UK is known for its highly-ranked triple-accredited business schools. In fact, it has the highest number of B-Schools with AACSB, AMBAs, and EQUIS accreditations. On the other hand, B-Schools in the USA have consistently topped global MBA rankings. Furthermore, most US business schools here have AACSB accreditations.
While planning an MBA abroad, aspirants are often perplexed between these two most sought-after choices. But not anymore as this article aims to provide a comprehensive comparison between pursuing an MBA in the UK and the USA. To clear the air of confusion and help you make the right decision, we will be considering important factors like entry requirements, cost, duration, work rights, employment opportunities and more. So, stay with us till the end and make your ultimate decision.
Table of Content
Choosing between an MBA in the UK and an MBA in the USA can be overwhelming. Below, we explore the key parameters to help you make an informed decision.
Entry requirements play a significant role in determining your eligibility and preparedness for an MBA program. Here's how they differ between the UK and the USA:
| Parameter | MBA in UK | MBA in USA |
| Academic Background | 3 years Bachelor's Degree in any Relevant Field | 3 or 4 years Bachelor's Degree in any Relevant Field |
| English Proficiency | IELTS/TOEFL is required but many Institutions offer waivers | IELTS/TOEFL/PTE/DET is required |
| GMAT/GRE | Only a few institutions require but some schools waive it | Generally required, especially for top schools. However, many Universities have waivers too |
| Work Experience | 2-5 years is recommended. | 3-6 years is recommended. |
| Freshers MBA does not require work experience | Freshers MBA does not require work experience |
Various institutions may have different requirements for admission. Make sure that you check them carefully for either of the locations.
Financial considerations are essential when choosing an MBA program. Here is a comparison of the costs involved in pursuing an MBA in the UK and the USA:
| Parameter | MBA in UK | MBA in USA |
| Tuition Fees | £11,800 to £115,000 | $13,500 to $85,000 per year |
| Living Expenses | £9,000 - £15,000 per year | $12,000 - $15,000 per year |
| Visa Fees | £490 | $510 |
The cost of living varies depending on your lifestyle, region, and the university or programme you choose. While tuition fees and housing are the two biggest costs, you also need to factor in transportation, utilities, food and other expenses.
The duration of the program can influence your academic schedule and career timeline. Here’s a brief overview of the study durations in the UK and USA:
| Parameter | MBA in UK | MBA in USA |
| Duration | 1 year | 1-2 years |
Balancing study with part-time work can enhance your practical experience and help manage expenses. Let's compare the part-time work rights in both countries:
| Parameter | MBA in UK | MBA in USA |
| Part-Time Work Rights | Up to 20 hours per week during Semesters & 40 hours per week during Semester Breaks | Up to 20 hours per week during Semesters & 40 hours per week during Semester Breaks |
Post-study work visas provide opportunities to stay back in the country and gain international work experience. Here’s a comparison between the UK and USA:
| Parameter | MBA in UK | MBA in USA |
| Post-Study Work Visa | 2 years under the Graduate Route (Post-Study Work Visa) | Up to 3 years for STEM MBA & 1 year for Non-STEM MBA under Optional Practical Training (OPT) |
The ultimate goal of an MBA for many is to enhance career prospects. Here’s how employment opportunities and starting salaries compare:
| Parameter | MBA in UK | MBA in USA |
| Employment Rate | 85-95% within 3 months | 90-95% within 3 months |
| Starting Salaries | £35,000 - £80,000 | $80,000 - $120,000 |
The type of job you obtain and the salary you receive are determined by both the college you'll graduate from and your employment history.
Wrapping up this article, both the UK and the USA offer world-class MBA programs with unique benefits and opportunities. Ultimately, your choice should align with your career goals, financial capability, and personal preferences. For personalized guidance on choosing the right country, MBA program and completing the application process, team KC is just a click away.
Let our UK & US Experts help you take the next step towards your future in global business leadership! Connect with us today!