The United Kingdom most sought out destination for pursuing an MBA, thanks to several key factors. It is recognized as a major global business hub with a strong economy. London, in particular, is home to numerous prestigious global employers such as McKinsey & Company, Bain & Company, Boston Consulting Group, Roland Berger, Oliver Wyman, and Kearney. MBA graduates in the UK typically earn between GBP 50,000 and GBP 100,000 (approximately INR 52,91,447.97 – 1,05,84,210) annually. Furthermore, the UK draws many international students due to its flexible study options, relative affordability compared to other nations, and excellent career prospects.
The 2023 Corporate Recruiters Survey by the Graduate Management Admission Council (GMAC) indicates a significant rise in the recruitment of MBA graduates over the last five years. An MBA is often considered the most esteemed postgraduate management qualification and is frequently seen as a pathway to a successful career.
For international students contemplating an MBA in the UK, this blog will examine the job prospects available in the UK after earning an MBA.
Why Study MBA in the UK?
Earning an MBA in the United Kingdom can provide a strong foundation for those looking to enter the management sector in Great Britain. The British education system prioritizes critical thinking and independent learning, distinguishing it from other global study options.
Take a look at some of the key features of an MBA Degree to Study in UK:
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Job Prospects in Top Industries in the UK
1. Finance Industry
For students who are passionate about numbers and are willing to turn their analytical skills into a rewarding career, this is the industry for them. London is one of the world’s leading financial centres and employs over 1 million people across various roles
Here is a quick rundown of popular job roles in the finance sector:
- Investment Banking
- Financial Analysis
- Portfolio Management
- Risk Management
- Insurance
- Financial Journalism
The average salary bracket in the finance industry in the UK ranges between £70,000 – £100,000 (GBP), depending on the skillsets and academic qualifications of the student.
2. Consulting Industry
One of the most preferred routes for MBA graduates is working in the consulting industry. MBA graduates with solid analytical skills, leadership qualities, strong problem-solving acumen, and communication skills clubbed with technical knowledge can choose to work in this industry as per their specialisation subject.
Take a look at the most in-demand job roles in this sector:
- Management Consultant
- Strategy Consultant
- IT Consultant
- Change Management Consultant
- Healthcare Consultant
- Supply Chain Consultant
The average salary bracket in the consulting industry in the UK ranges between £70,000 – £90,000 (GBP), depending on the skillsets and academic qualifications of the student.
3. Information Technology
Graduates with IT skills and a strong understanding of technology-related domains like Software Development, Telecommunications, and Information Security are the most suitable professionals for working in this industry. An MBA degree will also equip them with the managerial skills required to lead bigger teams and make strategic decisions.
Check out the most sought-after job roles in this sector:
- Chief Technology Officer
- Vice President of Information Technology
- Manager of Information System
- Financial Management of IT
- Specialist in Computer Information
- Specialist in Software Delivery
The average salary bracket in the IT Industry in the UK ranges between £48,000 to £65,000 (GBP), depending on the skillsets and academic qualifications of the student.
4. Marketing Industry
Given the increasing demand for skilled marketers in the UK and globally, MBA graduates majoring in Marketing, Brand Management and Marketing Management can choose to work in this sector.
Some of the popular job roles include:
- Marketing Executive
- Product Manager
- Brand Manager
- Digital Marketer
- Public Relations (PR) and Advertising
- Market Research Analyst
The average salary bracket of the consulting industry in the UK ranges between £45,000 – £70,000 (GBP), depending on the skillsets and academic qualifications of the student.
5. Human Resources
Employees are the foundation of every successful business, and human resources is one of the most important departments of any organisation. A Human Resources professional is responsible for the primary activities like recruitment, compensation, administration, benefits, training and development, employee retention and performance management.
Here are some of the ideal job roles one can find in the Human Resources sector:
- Human Resources Director
- Human Resources Specialist
- Human Resources Officer
- Human Resources Generalist
- Human Resources Coordinator
- Training and Development Specialist
The average salary bracket of the consulting industry in the UK ranges between £45,000 – £50,000 – £70,000 (GBP), depending on the skillsets and academic qualifications of the student.
Post-Study Work Visa
The Post Study Work Visa allows international students to stay back up to two years after completing their degree program, as per the current regulations. It allows them to work in the UK during their extended stay. With this PSW Visa, students can extend their stay in the UK as required provided they get a job. So pursuing an MBA degree in a relevant specialization as per your interest and doing the related job search will surely help you land in the right role.
Conclusion
Embarking on an MBA journey in the UK surely presents many opportunities beyond its borders. Thus, pursuing an MBA degree in ‘Great Britain’ is a wise investment as it enriches one’s professional profile, nurtures personal growth, broadens horizons and fosters a global perspective.
We at Martiza Overseas Education assist aspiring study abroad aspirants with the end-to-end application process for an MBA Degree in the UK. If you want to connect with a Study in UK Consultant , you can walk-in to KC Overseas Office. Our UK Experts can help you with a list of the most suitable universities for pursuing MBA and further assist you with your application process and visa process. You can also connect 1:1 with our counsellors virtually. So, Seize the opportunity and book a career counselling session with us now!