Funding For MBA UK

Hello sir, I am Robin Wayne. I am from London. I want you to help me by giving me some information about the funding options for Master of Business Administration (MBA) programme in United Kingdom (UK). Can you help me?

[Shaleen]

As you have asked about the funding options for Master of Business Administration (MBA) programme in United Kingdom (UK), I am giving you information about it, check below for the details
Employer sponsorship

The majority of MBAs require a minimum of three years' work experience,
so it's likely that you'll be working when applying for a course You can ask
your employer if they can help with the fees.

You'll need to explain what benefits your MBA will bring to the company and
give them reasons for them to invest in you.

You can consider your plans for the future before pursuing this method of
funding.

Most companies will expect you to stay with them for a fixed number of
years after graduation in return for their investment.

Scholarships and bursaries



This mode of funding is popular with students because you don't usually have
to pay any money back after completing your MBA.

This popularity also translates to fierce competition, so make sure that you
submit the strongest application possible.

Scholarships and bursaries will vary with each university but can be for
alumni, hardship, excellence in sports or to promote diversity.

For example, Loughborough University gives 20% off its MBA fees with its
bronze award for alumni, while the University of Edinburgh offers £5,000 to candidates who enhance the diversity of cultures or perspectives on its MBA.

Career development loans

If you don't manage to secure sponsorship then Professional and Career Development Loans (PCDLs) are another option.

Only Barclays and The Co-operative banks offer these loans and you can borrow up to £10,000.

The money is usually offered at reduced interest rates and the government
pays this while you're studying.

You need to apply three months in advance of your course to allow enough
time for the application to be processed

Part-time study while working
It is possible to continue working while you do your MBA.
You will be expected to be in the classroom around 20 hours a week and will
need the full backing of your employer to allow you time off for exams and
study periods.

However, the MBA can take longer to achieve and it can be difficult to not be
completely focused on the course.