Applying to Business School - US or UK?
Here are some of the main differences in applying to business school in the US and the UK.
Are you keen on studying business abroad but can't decide between studying in the US or the UK? Both countries are known for their excellence and quality of their higher education institutions. Here, we outline the main differences between applying to the US versus the UK so you can determine which best suits your wants and needs.
In order to earn a place in a US undergraduate program, students need to finish 12 years of schooling and take the standardized SAT exam. Certain business programs will require a particular GPA to begin the program.
For entry into a US postgraduate program, students need to complete 16 years of schooling (grades K-12 plus undergraduate studies) and if you are applying for a business program, you will also need to take the GMAT exam. Some universities require some work experience. Some business schools will require a specific undergraduate GPA as well. International students also need to take either the TOEFL or IELTS to show their English proficiency.
To gain admission into a UK undergraduate course, students need 13 years of prior education or a CBSE plus a two-year academic certificate; and 12 years of schooling or equivalent if applying for a Foundation (preparation) course.
For a postgraduate course, students need to have completed a three-year undergraduate degree. Students who are applying for a Master’s Degree in a business subject need to also sit for the standardized GMAT exam. Some universities may look for work experience.
Tuition and Cost of Living
In both the US and the UK, school fees and general cost of living vary depending on which university you choose, which course you take and even the city where you live.
The undergraduate international student tuition fees in the US can range from anywhere between USD 20,000 to USD 60,000 per year for four years. Room and living expenses can range from USD 8,000 to USD 15,000 depending on which part of the country you live in.
International student tuition fees in the UK are usually cheaper than in the US. Students can expect to pay between GBP8,000 and GBP 16,000 per year in the UK for three years for the undergraduate education. Room and living expenses can range from GBP 12,000 to GBP 15,000.
Obtaining a Student Visa
A full-time student visa in the US is called an F1 visa and it costs USD 160. Students must attend an interview and will also be required to provide their biometrics. With a F1 visa, students can stay in the US for up to 60 days after the length of time it takes to complete their education program. On an F1 visa students can work only on campus and for not more than 20 hours per week. Some students may obtain approval for Optional Practical Training (OPT) and can then stay and work after their graduation for a specified period of time.
In the UK, full-time international students need a Tier 4 General student visa that costs GBP310. If you are applying for a diploma course the maximum duration of the visa will be three years, and for a degree course it is four years. Interviews are generally conducted over the phone or Skype. With a Tier 4 General visa, students are allowed to work part-time on campus for up to 20 hours a week and full-time during vacations.
Work Permit After Graduation
The US offers students temporary employment visas post-graduation, called an Optional Practical Training (OPT) visa. With OPT, students can work in their field of study for up to 12 months. However, students in the STEM fields (Sciences, Technology, Engineering and Mathematics) may be authorized to work in the US for up to three years after graduation.
Post-study work visas are no longer offered in the UK. To be able to work in the UK after they graduate, international students need to apply for a Tier 2 visa for Highly Skilled Workers. In order to be eligible for the Tier 2 visa, the minimum wage at the new job should be GBP 20,500. The Tier 2 visa is valid for a maximum of 5 years.
Plenty of Opportunity
There are many differences between attending business school in the US and the UK; however, both places will provide you with a wonderful learning experience and plenty of academic opportunities.
If you are interested in applying to a business school in the UK then read more about INTO City University – London, with its award-winning Cass Business School. Or if the US suits you better, learn more about INTO Illinois State University; Illinois is ranked 4th in the US for having the most Fortune 500 company corporate headquarters. Additionally, INTO Marshall University was named among The Princeton Review’s 2019 Best Business Schools.