Studying Business in the United Kingdom

A degree in the field of business has been and remains popular and in demand. The United Kingdom has always been on the list of the best countries for education in this field. Universities offer cutting-edge educational programs, and the diploma will be highly valued by employers worldwide.

What are the features of business education in the United Kingdom, which universities offer such programs, and why is it worth studying business here?

Universities offer a wide range of courses in this field. A degree in business and management will focus on how to start and run a successful business overall or in specific areas such as finance, marketing, administration, human resource management, and more.

In addition to theoretical studies in planning, management, and organizational operations, students undergo internships in globally renowned companies, providing them with invaluable experience and opportunities for successful employment after graduation.

All undergraduate business programs are designed for a 4-year duration.

Most business degrees have a common curriculum in the first year, and by the second year, students choose their specialization.

The country's universities confer various degrees in this field:

1. Bachelor of Business and Management – provides a quality education for building a successful career in the business sector. The standard course includes the study of accounting, finance, economics, marketing, operations management, human resource management, business law, etc. Some universities also offer dual programs that allow students to obtain two diplomas simultaneously, such as business and economics, business and law, and so on.
   
2. Master's in Business and Management – master's programs provide a more in-depth and thorough preparation in the methods and theories of business. These programs may vary in content but may include the study of business analytics, strategy, marketing analytics, financial analysis, and more.
3. MBA (Master of Business Administration) – the highest internationally recognized degree that provides advanced skills and knowledge in the field of business and management.
   

Depending on the university, the fees will vary. Interestingly, it's not always the case that the best programs come with a higher price tag. On average, tuition for international students amounts to approximately £37,000 per year.

Here are some figures:

• University of Oxford – Bachelor's in Economics and Management – £37,280 per year.
• University of St Andrews – Bachelor's in Management – £28,190 per year.
• University of Warwick – Bachelor's in Management – £23,390 per year.
• London School of Economics and Political Science – Bachelor's in Management – £25,656 per year.
• University College London – Bachelor's in Business Management – £35,000 per year.

The level of remuneration will depend on several factors: position, industry, experience, etc.

On average, graduates receive from £24,000 to £34,000 per year. Over the years, these figures will increase, corresponding to the experience and career growth of the employee.

The Financial Times conducted an assessment of the salary levels of graduates for 3 years after leaving university:

• London Business School – £129,145 per year;
• University of Cambridge: Judge Business School – £122,135 per year;
• University of Oxford: Saïd Business School – £110,680 per year;
• University of Manchester: Alliance Manchester Business School – £95,235 per year;
• Warwick Business School – £93,820 per year;
• Imperial College Business School – £91,120 per year;
• City, University of London: Cass Business School – £95,775 per year;
• Durham University Business School – £81,040 per year;
• Lancaster University Management School – £70,730 per year.

Courses in business are offered by more than 120 universities in the country. It is the most popular specialization – in the last academic year, more than 50,000 students were enrolled.

There are different university ranking systems that can be used to choose a university and a study program.

According to the Guardian University Guide 2024 ranking, the best business education in the UK is provided by the following universities:

1. University of St Andrews
2. University of Oxford
3. London School of Economics and Political Science (LSE)
4. University of Warwick
5. University of Bath
6. Loughborough University
7. University of Manchester
8. University College London (UCL)
9. University of Edinburgh
10. Lancaster University

According to the Guardian University Guide 2024 Business and Management ranking, five universities have the highest percentage of graduates who find employment in business management or continue their education at a professional or higher education level within 15 months of graduation:

• Imperial College London (94%)
• University of Bath (93%)
• Loughborough University (92%)
• University of Warwick (91%)
• University of Bristol (91%)

The Economist provides its own ranking, taking into account new career opportunities, personal development, salary increase, international contacts, and more. It named the best:

• University of Warwick
• Durham University Business School
• University of Nottingham
• University of Edinburgh
• Cranfield School of Management
• University of Leeds
• University of Exeter
• Lancaster University Management School
• University of Birmingham
• University of Glasgow.

The United Kingdom is home to many leading universities in the field of business education. Graduates are in high demand by companies in various industries, making them valuable assets in the job market.

Students from different parts of the world aspire to enroll in British universities for business programs because:

1. Quality education and cutting-edge programs are offered here.
2. Diplomas are highly regarded worldwide.
3. The UK is a global hub for business and trade, offering excellent career prospects for graduates.
4. The best business schools in the world operate here.

Studying business in the United Kingdom will be the beginning of a brilliant career and a high standard of living.