International MBA And Master’s Students Have To Pay More In UK
Posted on September 25, 2014
MBA and master’s students from outside the EU have to pay more in tuition fees at UK business schools, while fees for postgraduate courses this year are up by 1.2% on average, new data show.
A study by The Complete University Guide found “wide tuition fee variations” for internationals on postgraduate programs such as master’s courses, and on MBA programs.
International MBAs face paying between £5,333 to £42,640 compared with home and EU MBAs whose fees range from £4,000 to £42,640.
For postgraduate courses like the increasingly popular specialist business master’s degrees, students from outside the EU can be expected to pay a maximum of £35,250, compared with £28,656 for home and EU students.
The most expensive is a master’s degree in finance at the London School of Economics where students will be expected to pay £28,656.
The highest-priced MBA degree is offered by Oxford’s Saïd Business School – at £42,640, it is the most expensive course for British students in the UK. The school has said that its fees are on a par with competitors in Europe and the US.
The Reddin Survey of Tuition Fees covers 130 degree-awarding institutions across the UK and relates to the 2014–15 academic year.
Students from outside the EU have been hit by a sharp rise in postgraduate and undergraduate tuition – with combined costs up by about 5% overall.
The hike comes on the back of new visa curbs announced last year which abolished the Tier 1 post-study work visa, which allowed overseas graduates to seek work for a further two years in the UK.
The change has made it harder for international MBAs to land jobs in the UK after graduating, business schools argue.
Last month a study carried out by Oxford University’s Migration Observatory found that British companies are struggling to employ skilled staff from the US and emerging economies.
Data revealed that the number of talented new migrants from outside Europe has dropped more than a third since the visa rules came into force.
15th September 2014