101 International Student Guide: 10+ Affordable MBA Courses in The UK

Due to its world-class education and highly esteemed universities, the UK is believed to be one of the most renowned destinations to pursue higher studies abroad for international students. According to the 2021-2022 statistics of the Higher Education Statistics Agency, currently, 679,970 students are pursuing higher degrees in the UK. In comparison to the prior year, 2020-2021, the UK witnessed a considerable growth of 12% in the enrolment of international students. Again, as per the statistics of 2021-22, about 217,610 international students were observed to enrol for a Business and Management degree in the UK. If you need marketing dissertation topics then you should hire our top dissertation experts.

Of all the remarkable courses that the eminent universities in the United Kingdom offer, MBA remains a renowned choice among international students. It also hosts some of the outstanding business schools of the world, like London Business School, Warwick Business School, the University of Edinburgh, and the like, that has an outstanding worldwide appeal for MBA.

However, before applying to universities, most students tend to contemplate the tuition fees. Undeniably, it’s not a walk in the park to tackle rent, everyday expenses, accommodation, and transportation costs seamlessly while pursuing higher studies in the UK. But would it help you if we enlist the best affordable MBA colleges in the UK that wouldn’t let you compromise the quality of education at any cost?

Today’s comprehensive post will walk you through a remarkable list of MBA colleges and universities in the UK that wouldn’t cost you an arm and a leg. We also ensure to list their rankings and famous low-cost MBA courses.

Let’s dive right in!

Best Affordable MBA Colleges and Universities in the UK

Said Business School, Oxford University

According to the best minds associated with research paper writing service, Said Business School at Oxford University is believed to create remarkable global leaders of the world. The highly esteemed MBA degree comprises a one-year curriculum that includes seminars, theoretical lectures, and countless group projects. If you are looking for an exceptional yet affordable MBA program in the UK, this outstanding university is worth considering.

• The Edinburgh University

The MBA course at Edinburgh University is developed on three crucial pillars- Professional Development, Strategic Leadership, and Personalised Approach. Naturally, when the university incorporates these three aspects in the program, it tends to create top MBA stalwarts.

• University of Bolton

The exceptional MBA degree at the University of Bolton imparts you with outstanding skills that will help you stay apart from the herd. It also comes adorned with work placement of well year. The university includes a highly skilled panel of faculty who possess profound knowledge of varied fields of study and remarkable industry connections. What’s more, students receiving an MBA degree from this college can pursue prosperous careers in advertising, banking, financial management, logistics, project management, auditing and quality assurance, and the likes.

• Staffordshire University

Since 2017, the Guardian has constantly placed this incredible university in the list of the best 100 universities in the UK. The university acquired 17^th rank for research impact in business and management in the UK and is known for offering full-time and part-time MBA courses.  

Also, students receiving MBA from this university have secured brilliant employment opportunities in IBM, Airbus, Harley Davidson, British Telecoms Global Service, Corus Hotels, Adelphi Research, and the likes.

• Leeds Trinity University

A close look at websites where you often look for unique marketing dissertation topics will help you comprehend that The Guardian has always ranked this impeccable university in the best 100 schools in its Management, Business, and Marketing ranking for 2020-2021. It is known to offer a unique atmosphere for its students.

The university also comprises an exceptional library, adequate facilities, and digital resources that make it an ideal destination for educators and scholars.

• Alliance Manchester Business School

Established in 1965, Alliance Manchester Business School, situated at the University of Manchester, is considered one of the first two business schools in the United Kingdom. The university offers a remarkable MBA course that aids scholars in forming an exemplary vision for their future.

• Northampton University

The University of Northampton offers a worldly acknowledged MBA degree for ambitious scholars. It offers renowned courses like Financial Decision Making, Management and Organisational Behaviour, Strategic Marketing, Managing Operations, Critical Issues in Business, and the likes. If you are searching for the best yet low-tuition cost universities in the UK, Northampton University is always worth considering.

• University of Ulster

The key objective of the MBA course offered by this university is to teach and produce scholars as business specialists and managing professionals. The course comprises a curriculum that tends to add significant value through applied, consolidated, and crucial comprehension of organisations and management. This kind of knowledge is needed to meet the requirements of strategic and general management in public and private companies.

• Wales University

The amazing MBA course at Wales University offers an excellent chance to master the combination of avant-garde research and practice across all significant domains in business. Learning this will help you drive effective transformation in business in both private and public sectors.

By enrolling in this course, you also get to master the creativity, cooperation, innovation, and problem-solving skills that will enable you to develop a business theory in a practical setting.

• Wexham Glyndwar University

This incredible university acquires the 7^th rank in the UK’s list of affordable MBA universities. It provides students with an opportunity to change themselves, enhance their marketable skills, and enable them to improve their career prospects, and develop long-lasting relationships. When enrolling in this university, students can choose Asset Management, Health, HRM, Finances, Entrepreneurship, and Project Management as their majors.

• University of Cumbria

The University of Cumbria acquires rank 2^nd in the list that offers affordable MBA degrees in the UK. The key objective of this university is to offer ultimate satisfaction to students throughout the academic year. Students who enrolled here can choose Medical Finance, Leadership Management, and Digital Marketing. AI, Risk Manager, Tourism, Education, IR, Diplomacy, and Public Health.

Well, that’s all for today, peeps! Hope our comprehensive and lucid guide provides you with all the crucial information concerning affordable MBA colleges and universities in the UK. Ensure to put on a thinking cap, go through all the essentials, and be ready to take the first step towards a golden future, as securing a prosperous career after securing an MBA degree from any of the highly-esteemed universities mentioned above isn’t all that challenging. Good luck!

Author Bio

Paula Jonathan is a reputed management consultant in the UK. Professionally, she offers quality new product development assignment help services for an eminent website, MyAssignmenthelp.com. When she isn’t working, she can be seen painting a blank canvas with bright hues of colours.

Absorption Costing MCQs with Answers Explanation Engineering ECE

What Is Absorption Costing?

Absorption costing, also known as the all-encompassing, all-inclusive, or comprehensive costing method, is a sophisticated and perplexing managerial accounting framework that attempts to incorporate all expenses that are linked to the production of a particular product. This method is highly intricate and involves a copious amount of calculations and analyses to arrive at the total cost of production.

Every minuscule expense, whether direct or indirect, such as raw materials, labor, rent, utilities, depreciation, maintenance, insurance, and every other associated cost, is taken into account to determine the total cost of the product. The complexity of this method is staggering, and it requires extensive knowledge of accounting principles, an understanding of manufacturing processes, and advanced analytical skills to execute.

However, despite its complexity, absorption costing is still widely used in the industry due to its comprehensive approach to providing an accurate picture of the cost of production. Moreover, under the generally accepted accounting principles (GAAP) in the United States, absorption costing is an approved method for external reporting. In contrast, variable costing is prohibited, adding to the confusion and perplexity surrounding this topic.

Which of the following costs would NOT be included in the cost of goods sold calculation under absorption costing?

a) Direct materials
b) Direct labor
c) Variable manufacturing overhead
d) Fixed manufacturing overhead
Answer: c) Variable manufacturing overhead

Explanation: Under absorption costing, both fixed and variable manufacturing overhead costs are included in the cost of goods sold calculation. Direct materials and direct labor costs are also included.

When production exceeds sales, absorption costing will result in:

a) Higher net income than variable costing
b) Lower net income than variable costing
c) The same net income as variable costing
d) None of the above
Answer: a) Higher net income than variable costing

Explanation: When production exceeds sales, there will be more fixed manufacturing overhead costs that are absorbed into the cost of goods sold calculation under absorption costing. This results in a higher net income compared to variable costing, which only includes variable manufacturing costs in the cost of goods sold calculation.

Which of the following statements is true about absorption costing?

a) It is used for external reporting purposes
b) It is used for internal decision-making purposes
c) It is the same as variable costing
d) None of the above
Answer: a) It is used for external reporting purposes

Explanation: Absorption costing is required for external financial reporting purposes, such as on the income statement and in financial statements. Variable costing, on the other hand, is often used for internal decision-making purposes.

In a period of increasing production and sales, absorption costing will result in:

a) Higher net income than variable costing
b) Lower net income than variable costing
c) The same net income as variable costing
d) None of the above
Answer: c) The same net income as variable costing

Explanation: When production and sales increase, absorption costing and variable costing will result in the same net income. This is because there will be fewer fixed manufacturing overhead costs per unit under absorption costing, but there will also be more units sold.