Average MBA Salary in UK

According to Glassdoor, the National average MBA salary in UK is £34,606 per year. Pursuing an MBA in the UK is highly beneficial for international students as they get high-quality education and graduate from top-ranked universities. The UK is one of the best study abroad destinations where MBA applicants are rising steadily given the increase in demand for managerial roles across several industries. MBA aspirants should have a complete understanding of the potential job prospects and the salary in UK after MBA to make an informed decision about their career.

Reasons to study MBA Abroad

The UK is a leading study abroad destination that offers numerous benefits to students. Pursuing an MBA degree in the UK comes with several advantages that International students can highly benefit from. Here are the top reasons why students from all over the world prefer to study in UK:

• World-class Institutions: UK business schools are known for their high accreditation, top-tier education, and globally recognized MBA programs. 
• Wide range of courses: Universities in UK offer a wide range of MBA programs in a variety of areas such as finance, entrepreneurship, marketing, and so much more. Students get to choose a programme that best suits their professional interests and objectives.
• Short course duration: MBA courses in the UK tend to last only a year compared to other countries where the programs typically span over two years. Students get to enter the workforce sooner due to the shortened course duration.
• Industry collaborations: UK universities constantly collaborate with industry experts to bring in highly qualified and experienced faculty members who can share real-world expertise and keep up with the latest trends in the industry.
• Diverse learning environment: As a multicultural destination that attracts students from all over the world, the UK is a perfect place to meet people from diverse backgrounds, discover different cultures and perspectives, gain global exposure and expand your horizons. 
• Career opportunities: The UK is brimming with job opportunities in a diverse set of industries such as finance, consulting, engineering, healthcare, etc., where one can find an ideal career path best suited for their skills and interests.
• Part-time opportunities: There are plenty of part time jobs in UK for international students to gain valuable experience as well as earn significantly to manage their living expenses.
• Return on Investment: Earning an MBA degree in the UK opens up numerous lucrative career opportunities that yield a high return on investment.

Lucrative Industries for MBA graduates in UK

Before you begin your MBA journey in the UK, you need a clear understanding of the various industries that provide excellent career opportunities for MBA graduates. You have plenty of specializations to choose from and develop expertise in a specific area to become an expert in the chosen field and enhance your career prospects. Here are some of the major industries where MBA grads find lucrative job opportunities:

Finance

The finance industry is a major employer of MBA graduates. An MBA specialization in Finance is designed to equip you with knowledge and expertise in financial management, risk assessment, corporate finance, accounting, investment analysis, among others. With this specialization, you can secure jobs roles such as financial analyst, investment banker, chief financial officer, etc. According to Glassdoor, the average salary for job roles in the finance sector is £51,994 (INR 55,06,640) per year.

Consulting

MBA graduates have a plethora of career opportunities in the consulting industry. The objective of an MBA specialization in consulting is to develop analytical skills, strategic planning, problem-solving skills, project management, Industry knowledge, etc. This specialization can pave the way for a career in management consulting firms or other organizations for roles such as management consultant, strategy consultant, marketing consultant, etc. A consultant in the UK earns an average salary of £48,894 (INR 51,77,630) per year according to Glassdoor.

Marketing

The marketing industry is rich with opportunities for MBA graduates. MBA students who specialize in marketing become well versed in designing successful marketing strategies, doing market research, analysing customer behaviour, building brand image, among others. Career roles such as marketing manager, brand manager, digital marketing manager, etc., can be obtained with this specialization. As per the data collected from Glassdoor, the average salary for marketing jobs in the UK is £44,356 (INR 46,96,050) per year. 

Technology

MBAs are highly valued in the technology industry, where there is an ever increasing demand for technical and managerial expertise. Specializing in technology enables one to acquire skills such as strategic technology management, innovation management, data analytics, etc. As per Glassdoor, an average annual salary of £54,852 (INR 58,06,170) per year is offered for tech-related job positions in the UK.

Healthcare

The Healthcare industry provides MBA graduates with enormous job opportunities. Students who choose healthcare as their MBA specialization develop skills that include healthcare management, strategic planning, healthcare finance, healthcare marketing and sales, and healthcare operations management. Job roles such as healthcare manager, healthcare consultant, and healthcare marketing manager are available for MBA graduates. The average salary for MBA graduates in the healthcare industry in the UK is £37,577 (INR 39,77,650) per year, according to Glassdoor.

Consumer Products

MBA graduates who specialize in product management can find attractive job opportunities in this field. Product development, market research, product positioning, branding, and pricing strategy are some of the key skills required for a career in this industry. Several job roles such as sales manager, supply chain manager, and market research analyst are available for MBA graduates. According to Glassdoor, an average salary of £28,498 (INR 30,16,790) per year is paid to consumer products and retail related professionals in the UK. 

Energy

With the gradual transition to sustainable energy, the demand for MBAs to manage transitional strategies is on the rise. The energy industry always has needs for MBA graduates skilled in market analysis, project management, sustainability and environmental management, strategic planning and leadership, among others. Energy analyst, project manager, sustainability manager, and business development manager are some of the notable job roles that MBA graduates can acquire in this industry. The UK pays an average of £49,579 (INR 52,47,680) per year to energy management professionals according to Glassdoor.

Hospitality and Tourism

Hospitality and tourism is another industry where the demand for MBA graduates is always on the rise. A specialization in hospitality and tourism enables the students to develop skills such as hospitality management, tourism and destination management, marketing and branding, event planning, and customer relationship management. These skills will be crucial for securing job roles such as hotel manager, event manager, tourism manager, marketing manager, etc. As per Glassdoor, the average salary for hospitality and tourism related professionals for MBA graduates in the UK is £58,694 (INR 62,13,800) per year. 

MBA Salary in UK: Job Opportunities

The UK has a thriving job market with plenty of job opportunities for MBA graduates to secure some of the highest paying jobs in UK. Here are some of the top positions for MBA graduates in the UK:

MBA Salary in UK for Different Roles
Job Role	MBA Salary in UK (Range)	Average MBA Salary in UK
Chief Executive Officer	£60,000 - £172,000	£108,509
Project Manager	£34,000 - £83,000	£49,842
Operations Manager	£29,000 -£102,000	£46,436
Finance Manager	£36,000 - £70,000	£50,766
Management Consultant	£43,000 - £124,000	£64,162
Senior Product Manager	£63,000 - £109,000	£83,233
Operations Director	£49,000 - £125,000	£77,749

MBA Salary in UK: Top Employers

The top employers for MBA graduates in the UK pay competitive salaries ranging from £50,000 to £100,000 per year. Here are some of the notable employers:

MBA Salary in UK from Top Employers
Company	Average Annual Salary (GBP)
Amazon	£48,000 - £57,000
Google	£65,000 - £76,000
Deloitte	£70,000 - £87,000
PwC	£43,000 - £57,000
Vodafone	£48,000 - £56,000
GSK	£48,000 - £56,000
CDC Group	£52,000 - £61,000
PIMCO	£75,000 - £87,000
Harrods	£44,000 - £51,000

Average MBA Salary in UK by Experience

Based on the level of experience, the average salary after an MBA differs. Besides experience, other factors such as the institution and location also influence the payscale. The average MBA salary in UK for freshers ranges from £23,000 to £34,000. While an experienced candidate will receive an average salary of £35,000 to £76,000. 

Average MBA Salary in UK by Location

The average MBA salaries in the UK vary depending on several factors, among which location is an important factor that has a significant impact. Here are the city-wise breakup of the average MBA salaries in UK: 

Average MBA Salaries in UK Cities
City	Average Annual Salary (GBP)
London	£38,000 to £76,000
Cambridge	£23,000 to £43,000
Manchester	£20,000 to £36,000
Birmingham	£22,000 to £41,000
Scotland	£35,000 to £51,000
Edinburgh	£23,000 to £40,000

Average MBA Salary in UK compared to other countries

Find the comparison between salary after MBA in UK and other countries in the table given below. Salary data is mentioned in USD for ease of comparison and has been collected from reputed sources.

MBA Salary in UK vs Other Countries
Country	Average Salary after an MBA (Per year)
UK	USD 43,812
Canada	USD 38,247
USA	USD 66,609
Australia	USD 13,347
India	USD 17,106

Average MBA Salary in UK: ROI of Top UK B-schools

Students choose to do their MBA in the UK due to the competitive pay and job opportunities. The top UK B-schools go above and beyond to place their MBA graduates in high paying positions by organizing employment fairs, scheduling interviews, hosting networking events, among others. The average salaries for the top UK B-schools are as given in the table below:

Return on Investment at Top UK Business Schools
University	Average Annual Salary (GBP)
London Business School	£71,468
Said Business School	£71,586
Judge Business School	£82,737
Manchester Business School	£109,000
Cass Business School	£80,555
Warwick Business School	£84,622
Imperial College Business School	£84,624

In conclusion, earning an MBA degree is a career-transforming move that can get you the highest paying jobs across various industries. Although it requires a significant investment to earn an MBA degree, the return on investment will be multifold in the future. Students can make their money back in no time, considering the MBA salary in UK is on the higher end.

FAQs 

1. How much does an MBA graduate earn in the UK?

An MBA graduate in the UK earns an average salary ranging from £24,000 to £45,000 per year. The salary is determined by factors such as specialization, location, and experience.

2. Can I get a job in the UK after an MBA?

MBA graduates can get lucrative career opportunities in a wide range of industries such as finance, marketing, consulting, technology, healthcare, consumer products, among others.

3. Is MBA in demand in the UK?

MBA has a high demand in the UK job market in a wide range of industries. Top companies in the UK are always looking for qualified candidates to fill managerial positions.