In our opinion, there are not very many scholarship options available for an MBA in the UK. Almost all students who go for an MBA in UK fund the related expenses on their own.
For Bank Loans and Financial assistance available in your home country, check out:
Financial Aid in your home country
However, there are some scholarship options available for students with exceptional backgrounds and excellent academic record.
These include:
British Chevening Scholarships:
The British Scholarship is available for a range of postgraduate taught and research programmes including the MBA programme. To apply for an award, contact your local British Council office, British High Commission or British Embassy. Preference is given to candidates already established in a career. You can click on the link below for more details.
British Chevening Scholarships
Commonwealth Scholarships and Fellowship Plan (CSFP):
Awards are made to citizens of Commonwealth countries and are primarily for postgraduate programmes, including the MBA programme. Contact your local British Council office for information on how to apply. For more details about the Commonwealth Scholarships and Fellowship plan, click on the link below:
Commonwealth Scholarships and Fellowship Plan
Department for International Development (DFID) Shared Scholarship Scheme:
This programme funds awards for taught postgraduate courses. Candidates should be of high academic calibre and should be intending to study a subject of develop mental relevance to their country. Eligibility is restricted to those resident in developing Commonwealth countries who are not employed by their government or by an international organisation. Contact your local British Council office or British High Commission for information on how to apply. For more details about the DFID Shared Scholarship Scheme, check out the link below:
DFID Shared Scholarship Scheme
Part-Time Work While Studying
U.K. is one of the few countries that allows international students to work even outside the campus. Students can work upto 20 hours per week during the semester and full-time during vaccations.
Please note that MBA is a very intensive program and you would have lot of assignments and projects to do at any time. It is not easy to take out time to do any extra work during the semester.
Contrary to popular belief, students are able to obtain part-time employment quite easily in bigger cities like London and Birmingham. Students are entitled to work full time during the holidays. There is no permission required for most international students to take part-time and vacation work. Students can take up placements or internship placements, which are part of a ‘sandwich course’.
Usually, most jobs are minimum wage jobs like work in fast food joints and department stores. The higher paid jobs involve working in call centres. You should also explore opportunities available in your university.
Approximate part-time earnings: 4 - 5 Pound Sterling per hour.
You should not plan on earning substantial money from a part-time job to help pay for your studies.
It is important to find a good internship opportunity during your program. Not only do you get paid well if you work with a good organisation but also, it increases your employability on completion of the MBA program.
For further details about internships and part-time work opportunities, contact the foreign student adviser at the university, after you are enrolled.
Post-MBA Jobs & Employment
Any non-EEA national seeking entry or permission to remain in the United Kingdom for the purpose of employment will normally require a work permit. This means you need to find an employer who will sponsor your work permit.
According to the new rules, students who do their MBA in UK are allowed to work in UK for a period of two years.
It is not easy to get jobs in UK after an MBA program, if you are not from a top school. A job is even more difficult for students who do not have any work experience prior to their MBA.
If you are an international student, you should be in top 10% of your class in performance to improve your chances of getting a job.
A number of business schools have a career office that guides students and help them in finding potential employers.
A number of students consider UK MBA program as an entry to Europe. However, this is not practical. It is as tough to get a work permit in any European country after a MBA in UK, as it would have been with a MBA from any other country.
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