Table of Contents
Key Takeaways
- The tuition fee for the Cambridge MiM program is approximately £34,989. This cost includes access to all academic resources, but additional costs may arise for books, materials, and other educational expenses.
- The current cohort consists of students from over 40 nationalities, with a balanced mix of academic backgrounds in business, engineering, and humanities. The average work experience is around 2 years, offering a diverse and enriching learning environment.
- Graduates from the Cambridge MiM program typically secure roles in top companies worldwide, with an average salary of £55,000. The program’s strong alumni network and career support services play a pivotal role in achieving these outcomes.
- The employment rate for Cambridge MiM graduates within three months of graduation is 92%, showcasing the program’s effectiveness in preparing students for successful careers.
Embarking on an MPhil in Management at the University of Cambridge is a significant academic endeavor, promising a transformative experience and valuable insights into the world of business and leadership. Understanding the University of Cambridge MPhil fees and expenses associated with this prestigious program is essential for effective planning and decision-making. In this comprehensive guide, we delve into the University of Cambridge MPhil in Management fees, offering a detailed overview to help you navigate this aspect of your academic journey with confidence.
Cambridge MPhil in Management Tuition Fees
Tuition fees for the 2024-2025 MIM intake at Cambridge University are £34,989.
The University of Cambridge sets the tuition fees for the MPhil in Management (MIM) program at £36,744 for the 2024/25 intake. In addition to tuition, students are expected to budget for maintenance costs, which are estimated at £13,969 for the academic year.
These fees cover a range of services and facilities provided by the university, including access to libraries, computing facilities, and student support services. They also contribute to the cost of academic supervision and teaching, as well as the general upkeep of the university's buildings and grounds. Understanding and planning for these University of Cambridge MPhil fees is essential for prospective students to ensure a smooth and successful academic journey.
Prospective students need to factor in additional costs such as accommodation, food, travel, and study materials when budgeting for their studies at Cambridge. Scholarships, bursaries, and other forms of financial support may be available to help offset some of these costs for eligible students.
Overall, while the University of Cambridge MPhil fees are significant, the value of the education and experience offered by one of the world's most prestigious institutions can be immeasurable in terms of future career opportunities and personal growth.
| Fee Component | Cost (£) |
| Tuition Fees | 36,744 |
| Maintenance | 13,969 |
| Total | 50,713 |
What your tuition fee includes
The University Composition Fee (UCF) includes teaching, supervision, and access to facilities and services. Its amount varies based on the course and fee status. Additionally, a £50 application fee is required before submitting your application.
Note: The University of Cambridge MPhil fees cover the full time of the 3 (1 year).
Navigating Living Expenses in Cambridge
The table's estimates reflect a median student's expenses. Actual costs will vary widely depending on individual lifestyles and preferences, so plan for additional expenses accordingly.
1. Food
Food costs include food and beverages, which enable an individual to have three meals in a student cafeteria or by self-catering per day. On an average the Food and beverages cost would be £280 per month. Eating out is factored into social activities.
2. Accommodation
Accommodation costs include rent, utility bills, and any routine maintenance, which is cross-checked with the latest College median rents and the recent survey reports. Please note that college accommodation costs take into account a range of factors, and the impact of inflation on these costs will therefore vary from year to year. Private sector rental costs may vary also. It costs up to £840 per month.
3. Personal expenses
Personal items include clothing and footwear, health costs, toiletries, personal transport, and subscriptions. It is a necessary expense that every student has per month around £155.
4. Social Activities
Social activities for students typically include recreation, cultural outings, dining at restaurants, and attending events. On average, the cost for these activities is estimated to be around £145.
5. Study costs
Study costs include books, course-related equipment, and materials. They also can include course-related travel costs e.g. conferences. Your own course may require some specific additional expenditure which minimal cost you around £30.
6. Miscellaneous costs
Miscellaneous costs encompass personal expenses that do not fit into the categories mentioned above. These may include toiletries, clothing, and other personal items. On average, these miscellaneous costs amount to approximately £105 per month for students.
| Expense Type | Estimated monthly living costs 2024/25 |
| Food | £280 |
| Accomodation | £840 |
| Personal Items | £155 |
| Social Activites | £145 |
| Study costs | £30 |
| Miscellaneous | £105 |
| Total (Costs in the table are rounded up to the nearest £5) | £1,555 |
Scholarships & Financial Aid at Cambridge
Applicants for Cambridge postgraduate courses can also seek funding for fees and costs, including University of Cambridge MPhil fees. There are options for full, partial, or self-funding, with funds available from the University and external sources. In 2023, 77% of new PhD and 24% of Masters students received funding awards.
The main way to find funding is via Cambridge University's Postgraduate Funding Search, which contains:
1. University funding opportunities
The University of Cambridge offers various funding opportunities for postgraduate students, including scholarships, bursaries, and grants, to help with University of Cambridge MPhil fees. These funds are typically awarded based on academic merit and/or financial need.
2. Funded studentships and research projects
Some postgraduate students may be able to secure funding through specific research projects or studentships. These opportunities are often aligned with the student's field of study and may cover tuition fees and provide a stipend for living expenses.
3. Research Council (UKRI) studentships
The UK Research and Innovation (UKRI) provides funding for postgraduate research students, including University of Cambridge MPhil fees, in the form of studentships. These awards are available for students pursuing research in various disciplines and cover tuition fees and living expenses.
4. Cambridge Trust Scholarship
The Cambridge Trust offers a range of scholarships for international students to pursue postgraduate study at the University of Cambridge. These scholarships are highly competitive and cover tuition fees and living expenses.
5. Oxford and Cambridge Society of India
The Oxford and Cambridge Society of India offers scholarships for Indian students applying to study at the University of Cambridge, covering University of Cambridge MPhil fees. These scholarships may also provide a stipend for living expenses.
6. SGPC Cambridge Scholarships
The Shiromani Gurdwara Parbandhak Committee (SGPC) offers scholarships for Sikh students to study at the University of Cambridge. These scholarships cover tuition fees and living expenses.
7. Commonwealth Scholarship
The Commonwealth Scholarship Commission offers scholarships for students from Commonwealth countries, covering University of Cambridge MPhil fees, to study in the UK. These scholarships also cover travel expenses and provide a living allowance.
Opportunities for Part-Time Work for Students
For students at the University of Cambridge, there are ample opportunities for part-time work to supplement income and gain valuable experience. Cambridge's vibrant economy and student-friendly environment offer a range of options to fit around academic schedules. Many colleges and departments offer casual work, including administrative support, research assistance, and event coordination. Additionally, the city boasts a variety of retail, hospitality, and service sector roles suitable for students. Here are six key opportunities for part-time work to help manage University of Cambridge MPhil fees:
1. College jobs -Colleges offer a range of part-time positions that fit well with student schedules, such as library assistants, porters, or dining hall staff. These roles not only provide a source of income but also allow students to become more involved in college life and develop valuable skills in teamwork and customer service.
2. University departments - Many departments within the University of Cambridge hire students for part-time roles, such as research assistants or administrative support. These positions offer students the opportunity to gain insight into academic and administrative processes, as well as valuable experience that can enhance their CVs.
3. Retail positions - Cambridge's city center is home to a wide range of shops and businesses that often hire students for part-time roles. These positions, such as customer service or sales roles, provide students with valuable experience in retail and customer service, as well as a source of income.
4. Hospitality roles - With its many cafes, restaurants, and hotels, Cambridge offers plenty of opportunities for students to work in the hospitality sector. Roles such as servers, baristas, or front desk staff not only provide students with valuable experience but also allow them to develop skills in communication, teamwork, and time management.
5. Tutoring - Many students at the University of Cambridge offer tutoring services to local students or even classmates. This can be a flexible way to earn income and can also help students develop their communication and teaching skills.
6. Events and promotions - Cambridge is a city with a vibrant events scene, and there are often opportunities for students to work in events and promotions, which can help with University of Cambridge MPhil fees. These roles can provide students with flexible hours and the chance to work on exciting projects, as well as valuable experience in event management and promotion.
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Conclusion
In conclusion, pursuing an MPhil in Management at the University of Cambridge is a significant but rewarding investment. The University of Cambridge MPhil fees and living expenses are substantial, but the education and experience gained are invaluable. Prospective students should explore all financial aid options, including scholarships and part-time work, to help manage costs. With careful planning and budgeting, students can navigate the financial aspects of their academic journey and fully immerse themselves in the rich academic and cultural environment that Cambridge offers. Cambridge is also among the top MiM colleges in UK, making it a premier choice for students.
