Samuel Johnson, a celebrated British 18th-century lexicographer, and writer said that ‘A man is tired of his life when he is tired of London.’ Today, London remains a political powerhouse, a financial center, and a diverse, pulsing metropolis. Life in London does come at a cost. Research conducted by Imperial College Business School estimates that an international post-graduate (MBA) student, on average, will spend more than the US $20,000 in living costs throughout a year program. Yet, students from around the world flock to London to pursue the course. Here are the reasons why you should study for an MBA in London –
Top Schools
London’s MBA schools and programs are the best in the world. In the 2016 global MBA ranking of Financial Times, London Business School was ranked 3rd, while both Cass Business School and Imperial College were ranked in the top forty.
Many top international schools have campuses in London; Chicago Booth’s European EMBA campus is situated in London’s financial center.
Access to Employers
An MBA degree earned in London is an excellent investment in your future as it is valuable virtually everywhere and is prestigious.
The UK Capital gives MBAs access to the world’s leading companies as a finance hub and an international business. According to the Financial Times, 93 percent of London Business School’s MBA receive an employment offer three months after graduation.
The United Kingdom capital is one of the world’s financial heavyweights, and students from all around the world will have access to some of the world’s leading companies for employment and work experience. Networking is a huge factor when pursuing an MBA, and being in the UK Capital allows you to meet several different people from all around the globe.
High Salaries
London offers higher salaries as compared to its European counterparts. London’s employees earn an average of over US $90000 annually, compared to Paris’s, the US $60000, and Munich’s, the US $85000. The average wage for financial sector workers in the United Kingdom capital tops the US $113000.
A Financial Times study estimates that MBA students at London Business School can expect 6-digit salaries averaging the US $154000, students at Cass $121000, and students at Imperial $112000 less than three years after graduation.
Return on Investment
With fees considerably lower than at the top-tier schools in the United States of America, short programs, and high graduate salaries, the UK Capital enables students from all around the world to recoup their MBA investment in well under four years.
Based on QS data, students at London Business School can expect a massive return on investment of almost US $1 million and an initial uplift of 107 percent on graduation after ten years.
A Start-Up Hub
According to a government report, around 90000 new businesses were set up in the UK Capital in the year 2014 alone.
It has also been ranked as the top city for digital start-ups. According to commercial estate agent Stirling Ackroyd, most digital start-ups are based around Silicon Roundabout of Old Street, with the area accommodating 3228 technology firms for every sq. km.
Diversity
The diversity of the UK Capital in terms of people, food, culture, music, and art is 2nd to none.
Like the city itself, London’s MBA programs are cultural melting points, where people from all around the globe come together as one. According to the Financial Times, the proportion of international students at Cass stands at 81 percent, Imperial 88 percent, and London Business School 93 percent.
Social Life
From live music in Camden Town to hipster treats of East London to high-end tea in Chelsea to shopping on Oxford Street, the United Kingdom capital has something for everyone.
Big, Open Spaces
While the UK Capital is a 24-hour, hustling city, there are many places where MBA students can relax by taking a well-earned break. According to the United Kingdom capital’s environmentalist records center, almost half of Greater London is made up of woodland and parks, making the city one of the greenest cities in the globe. London Business School is situated on the fringes of the historic Regent’s Park.
A Journey through TimeFrom Tudor palaces to Roman remains and treasures of the Victorian British Empire to Queen Elizabeth, the UK Capital is a city steeped in history.
Access to Europe
The United Kingdom capital sits on the doorstep of mainland Europe. MBA Students can be in Paris and hop on the Eurostar in a little more than 2 hours. Barcelona, Berlin, and Milan are only a couple of hours away by flight.
Good Read: What are the Best Career Options after Graduation?
Alumni Network
You have the right to join the alumni club as you gain alumni status after completing your MBA program from a reputed business school in London.
A strong alumni network opens a rich storehouse of knowledge and resources and offers networking opportunities that will impact your career in the future. Studying in a global school in the UK Capital only widens this network.
Global Recognition
An MBA degree earned from a reputed UK Capital business school gives instant global recognition. The student program and profile portfolio tend to attract some of the top international recruiters. You will surely give you a competitive edge over others once you are back in your country and equipped with an MBA from any of the top London business schools.
Conclusion
These were the top reasons you should study in London if you are thinking of pursuing an MBA. An MBA is designed with international society and business in mind, helping to build the experience, knowledge, and skills needed to become a successful and responsible leader in management roles across all segments and sectors.
An MBA is also about equipping yourself with the skills needed to excel across several segments rather than just learning business. Studying an MBA in the United Kingdom Capital allows you to do that!