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The average MBA salary in the UK varies depending on several factors, including the university you attended, your work experience, and the specific industry you choose to work in.
However, you can generally expect a starting salary of around £50,000 to £60,000 per year.
Here are some key things to keep in mind:
- University: Graduates from top-tier UK business schools like London Business School, Oxford Saïd Business School, and Cambridge Judge Business School typically earn higher salaries.
- Work experience: Your prior work experience can impact your starting salary. Candidates with more experience and relevant skills often receive higher offers.
- Industry: Your salary can vary depending on the industry you choose. Finance and consulting typically offer higher salaries compared to other sectors.
- Location: London is generally the highest-paying city for MBAs in the UK, but salaries can also be competitive in other major cities like Manchester and Birmingham.
These are, of course, just average figures, and individual salaries can vary widely.
Factors such as your performance in your MBA program, your negotiation skills, and the specific job you secure will also play a role in determining your final MBA salary in UK.
Student of Presidium College
Every country requires preparation differently compared to their major languages, thus one has to prepare fo that. Most universities are offering programs that can both be taken in English and German in Germany. If the course of study is conducted in German, then the language proficiency at either the TestDaF (Test Deutsch als Fremdsprache) or the DSH (Deutsche Sprachprüfung für den Hochschulzugang) is usually determined. The TestDaF tests the auditive, reading, writing, and talking skills. To achieve a sufficient level, all four sections need to score at least TDN 4. The DSH, on the other hand, is allocated by the individual universities and usually requires a minimum level of DSH-2 or DSH-3, depending on the requirements of the corresponding higher education institution.
For English-taught programs in Germany, proof of English proficiency is usually accepted, for instance, TOEFL or IELTS. In general, a score of about 80-100 in the TOEFL test or an IELTS score of 6.5-7.5 is accepted by the respective university.
Japanese is always one of the basic requirements for courses conducted in Japanese, and the level of proficiency is measured by taking the Japanese-Language Proficiency Test (JLPT). There are five levels: N1 to N5. For most universities, N2 is the minimum requirement, which means a student can understand the Japanese used in everyday situations and also know a number of circumstances.
For English programs in Japan, similar to Germany, standardized tests such as the TOEFL or IELTS are acceptable. Japanese universities normally set a minimum score of TOEFL 79-90 or IELTS score of 6.0-7.0 for admission into their English courses.
Study abroad consultant at Mentr Me
The average MBA salary in the UK would differ from the above discussion level as it may vary with the institution attended, the industry, and the work experience before the MBA. However, recent data offers a brighter picture for the future of MBA graduates.
As of 2024, graduates from the best business schools in the UK are likely to earn about £50,000 to £70,000 per year. For example, graduating students from large brands like London Business School or Oxford's Saïd Business School often receive higher starting salaries, often over £70,000.
Specifically, finance, consulting, and technology graduates also command higher wages-often entry-level wages over £80,000-and the particularly more rewarding environments associated with investment banking and management consulting offer special compensation packages that can include bonuses and other benefits.
Experience plays an important role too. Students entering with three to five years of professional experience can see salaries jump significantly at graduation, reflecting both previous career success and the advanced skills brought out during the MBA. Alumni with prior management roles may be able to reach £90,000 or more in senior roles.
It also varies geographically because, in general, the salaries are higher in London than in the rest of the UK. Yet this goes hand in hand with a greater cost of living, an important factor to consider for those who would be going to university there.
Although the average MBA salary in UK is attractive, it is in points of divergence with possibilities for earnings based on several key factors, including the business school attended, chosen industry, prior experience, and geographical location.
If you need more information or any questions to ask, you can book a free strategy session to discuss
MBA Student at Stanford Graduate School of Business
The average MBA salary in the UK has steadily increased over the past few years, reaching around £78,000 in 2024. Graduates from top schools like LBS and Oxford typically earn close to £90,000, while mid-tier schools fall in the £60,000–£70,000 range.
Roles in consulting, finance, and tech drive the higher end of the salary spectrum, especially with firms like McKinsey, Amazon, and HSBC. Entry-level roles in marketing or operations tend to start lower but still offer quick growth, especially with a UK work visa in hand.
Salaries are influenced by prior experience, job location, and the strength of the school’s employer network. Here’s a quick look at how average MBA salaries in the UK have trended from 2020 to 2024:
Exam Prep Expert
The average MBA salary in the UK ranges from £55,000 to £95,000, depending on the school, your work experience, and the industry you enter.
Here’s what it usually looks like after graduation:
- Top-tier schools (LBS, Oxford, Cambridge): £85,000–£95,000
- Mid-tier schools (Warwick, Manchester, Durham): £60,000–£75,000
- Other ranked schools: Around £50,000–£60,000
Finance, consulting, and tech roles pay the highest. Also, international students who land jobs under the Graduate Route Visa can see quick salary jumps in 2–3 years.
Full list of MBA salaries by school, role, and company is here:
MBA Salary in the UK – What You Can Expect