Explore the Average cost of MIM in UK

So, nowadays many students are thinking of pursuing a master's in management from the UK, and it has become a global profession due to its popularity of the degree and high-paying jobs. The UK is a country that has made careers of many students and given them a rewarding future. UK universities are known for their academic excellence, and the faculty there is so renowned that it attracts students all around the globe. If you want to pursue MIM in UK and want to know how much it will cost, then this blog is for you. As per a report, in 2022, more than 770,000 Indian students undoubtedly moved to study abroad to make their bright careers. 

How much does MiM cost in the UK?

So, the United Kingdom is very renowned for having one of the best education systems in the world. It means every university or business school provides top-quality education, excellent training, and good research opportunities. It will be easy for you to find universities or great business schools that surely offer these MIM or MBA programs, and they equip students with important skill sets to solve real-world business issues. In 2023, all but 140,000 have surely moved to the UK to study abroad.

Is MIM in the UK Worth it?

The return on investment for MIM in the UK is very high. The average salary for an MIM graduate is surely a little higher than that of an MBA graduate in the UK. The cost of education, duration, and residence are higher than the others. Studying in the UK, especially MBA, requires a significantly larger amount of investment than MIM.

Discover Top Universities for MiM in the UK

Here are some top universities for MiM in UK that you can consider for your bright future.

Name of the University	MIM and MBA	Cost of MIM in UK Average Tuition Fees in INR
Bath Spa University	MBA	14 to 20 Lakh INR
Brunel University London	MIM and MBA	15 - 21 Lakh INR
Buckinghamshire New University	MIM and MBA	13 - 21 Lakh INR
Coventry University	MIM and MBA	20 - 22 Lakh INR
Cranfield University	MIM and MBA	15 - 20 Lakh INR
Durham University	MIM and MBA	15 - 18 Lakh INR
Edge Hill University	MIM	13 - 17 Lakh INR
Keele University	MIM and MBA	12 - 15 Lakh INR
Kingston University London	MIM and MBA	18 - 22 Lakh INR
Lancaster University	MIM and MBA	18 - 22 Lakh INR

What Salary will I earn after MiM in Uk?

On the salary part, a MIM holder no doubt earns between 30,500 GBP per year, and the MBA graduate earns around 45000 GBP to 55000 GBP per year. Now, if your investment is 22 lakh INR, your ROI would surely be in 1 year max. Let’s understand it in detail. 

Job Role	Salary Range
Supply Chain Manager	GBP 50,000 - GBP 75,000
Marketing Manager	GBP 40,000 - GBP 60,000
Human Resource Manager	GBP 45,000 - GBP 70,000
Financial Analyst	GBP 60,000 - GBP 100,000
Project Manager	GBP 65,000 - GBP 120,000
Sales Manager	GBP 60,000 - GBP 120,000

Is the GMAT required for MIM in the UK?

The GMAT is surely not universally required for all Master's in Management MIM in UK. 

• While some universities do require a GMAT score for admission to their MiM programs, such as Imperial College London, many others do not have this requirement. 

•  Several top business schools in the UK no doubt offer MiM programs without the necessity of a GMAT score. 

Institutions that don’t ask for this requirement include: 

• University of Warwick 

• Durham University 

• University of Manchester 

• Lancaster University 

• Nottingham Trent University 

• University of Leeds 

• University of Strathclyde 

Conclusion

Pursuing an MIM in UK degree from a college or university in the United Kingdom can surely distinguish you from other management graduates and pave the way for a successful career in leading management positions within renowned enterprises. Graduates of MiM programs often find roles as operations managers, management consultants, marketing managers, or HR managers, among others.