Table of Contents
Key Takeaways:
•Comprehensive breakdown of UCL MiM fees reveals a structured investment in your future academic and professional development
•International students can expect higher tuition rates compared to UK and EU students
•Multiple funding options exist, including scholarships, student loans, and part-time work opportunities
•The long-term career potential and networking opportunities at UCL can offset the initial financial investment
Pursuing a Master's in Management (MiM) at University College London (UCL) is a significant academic and financial commitment. Understanding the UCL MiM fees is crucial for prospective students planning their academic journey.For the 2025–26 academic year, the tuition fee is £39,800, applicable to all students, regardless of residency status. In addition to tuition, students should budget for living expenses, study materials, and other academic costs. UCL estimates that living costs in London can be around £20,000 per year, though this varies based on lifestyle choices.
To support students financially, UCL offers various scholarships and funding opportunities. For example, the UCL Global Masters Scholarship provides £15,000 to international students from lower-income backgrounds. Additionally, the UCL India Excellence Scholarship offers £5,000 to exceptional Indian students pursuing full-time Master's degrees.
Careful financial planning, including exploring scholarships, grants, and alternative funding options, can help make the prestigious education at UCL more accessible. By understanding the UCL MiM fees and associated costs, students can effectively prepare for this transformative educational experience.
UCL MIM Tuition Fees
The tuition charge for the UCL MIM program is £38,300 per academic year. These UCL MIM fees include registration, enrolment, tuition, supervision, and examination. It is crucial to remember, however, that the tuition fee does not include living expenses, books, materials, or travel expenditures. It is best to prepare your budget with these additional fees in mind.
| UCL MIM fees | Cost |
| Tuition fees | £38,300 |
| Application fees(online/offline ) | £160 |
What your tuition fee includes
UCL MIM Tuition fee is critical to evaluate your living expenses while studying at UCL. On average, you should budget £2,703 for a 39-week academic year or £3,606 for a 52-week academic year. Food, course materials, mobile phone plans, health and wellness, and a student bus pass are common examples of these costs. To ensure a comfortable and satisfying student life, it is critical to carefully manage your budget and make wise financial decisions.
Navigating Living Expenses in London
On average, international students should budget approximately £12,000 to £15,000 per year for living expenses in the UK. However, it's important to note that the cost can vary depending on factors such as your university's location, lifestyle choices, and personal preferences. Remember, investing in a MiM from UCL can significantly boost your earning potential , making it a worthwhile investment for your career.
Let's take a closer look at some specific living expenses you should consider:
1. Accommodation
The cost of accommodation in the UK varies depending on the city and type of housing, particularly impacting students concerned with UCL MiM fees. On-campus accommodation options, such as dormitories or shared apartments, typically range from £4,000 to £8,000 per year for UCL MiM students. For those preferring off-campus housing or renting a private apartment, costs can escalate to £10,000 or more, depending on the location and amenities, adding to the overall UCL MiM fees.
2. Food
Regarding food expenses, it's helpful to know that the UK offers a wide range of dining options to suit different budgets,adding to the overall UCL MiM fees. Students can budget around £150 to £200 per month for groceries and cooking at home. If you choose to dine out occasionally or eat on campus, the monthly expenditure may increase to approximately £250 to £350.
3. Transportation
Getting around in the UK is relatively convenient thanks to an extensive public transportation system. The cost of transportation will depend on your location, but most cities offer discounted student passes for buses and trains. On average, you can expect to spend around £50 to £100 per month on transportation which will be added to the adding to the overall UCL MiM fees.
4. Utilities and Other Expenses
Additional living expenses include utility bills (electricity, water, and heating), internet and phone bills, as well as miscellaneous costs for personal items and leisure activities. These expenses can vary, but budgeting around £100 to £150 per month should provide a reasonable estimate as it will be added to the overall UCL MiM fees.
It's important to remember that the living expenses mentioned above are average figures, and your spending habits may differ. Careful budgeting and financial planning can help you maximize your resources while ensuring a comfortable lifestyle during your MIM studies in the UK.
Below is the table showing the living expenses which will be added to the overall UCL mim fees-
| Living Expense | Estimated Cost per Year |
| Accommodation | £4,000 to £10,000 |
| Food | £1,800 to £4,200 |
| Transportation | £600 to £1,200 |
| Utilities and Other Expenses | £1,200 to £1,800 |
| Total Estimated Living Expenses | £7,600 to £17,200+ |
Note: To know more the UCL Fees & Funding, visit here
Scholarships & Financial Aid at UCL
UCL understands the financial investment required for pursuing a Master's degree and offers scholarships to support talented students. These scholarships aim to enable and motivate students from various backgrounds to pursue their academic aspirations. Here are the UCL MiM scholarships available:
1. UCL Master Bursary:
The UCL Master Bursary is intended to help students from low-income families pursue full-time or part-time Master's degree studies at UCL. It gives financial assistance to qualifying students with a household income of £42,875 or less per year. The bursary is worth £10,000 for one year and can be used to cover tuition and living expenses. This scholarship's application date is usually in June.
2. UCL Global Masters Scholarship:
The UCL Global Masters Scholarship is designed to help overseas students from low-income families pursue full-time Master's degree studies at UCL. This scholarship is open to prospective students who qualify for the Overseas fee rate and come from low-income families. There are up to 75 scholarships available in 2023/24, including scholarships specifically for Indian students. The scholarship is worth £15,000 for one year and can be used to cover tuition and living expenses. This scholarship normally has an application deadline in April.
It's important to note that these scholarships are awarded based on financial need and are recommended by the UCL Student Funding Office. They are highly competitive, and meeting the eligibility criteria does not guarantee receiving the scholarship. Therefore, it is crucial to submit a strong application that highlights your achievements, motivation, and financial circumstances.
Financial Aid and Loans
In addition to scholarships, international students can explore financial aid options and education loans to fund their MIM studies in the UK. Financial aid programs, such as the British Council's GREAT Scholarships, offer partial funding for outstanding students from specific countries.
Opportunities for Part-Time Work
UCL MIM recognizes the importance of part-time work opportunities for students and provides several avenues to explore such options.
Here are some platforms and resources that can help you find part-time jobs while pursuing your UCL MiM program:
1. Unitemps: This platform offers a diverse range of job opportunities suitable for undergraduate, postgraduate, and research students. By registering with Unitemps, students can receive personalized job updates that match their skills, availability, and career goals, all while managing their study commitments and tuition responsibilities such as UCL MiM fees. This service provides a practical way to balance academic financial needs and professional development.
2. UCL Students' Union JobShop: The UCL Students' Union JobShop is for current students looking for more casual, part-time work that fits around their studies. This platform lists jobs on the UCL campus or with local London firms which will help in UCL mim fees. It provides ease and flexibility in seeking part-time job options that fit your schedule.
3. Internships through UCL Careers: UCL Careers offers the UCLCareers employment board, which is a key job portal for firms seeking to hire UCL students, recent graduates, and researchers. The portal posts a variety of positions, including graduate-level jobs and internships. You can search for jobs depending on your interests, and you can also sign up for daily or weekly vacancy alerts based on your choices. Getting good internships will help in UCL mim fees.
4. Careers Extra Bursaries: UCL has a Careers Extra bursary system that assists students from under-represented groups in gaining work-based experience such as internships, volunteering, or short-term summer work. This grant is intended to cover the costs of the event, such as living expenses or transportation, allowing you to focus on vital career-building possibilities.
By leveraging these resources, you can find part-time job opportunities that align with your skills, interests, and availability. Part-time work not only provides you with additional income to support your living expenses but also offers practical experience, professional development, and networking opportunities. Further, to crack the interview for the jobs you can go through the interview questions . Engaging in part-time work further helping in UCL mim fees can enhance your employability and contribute to a well-rounded educational experience.
Note: To get more insights about interview question, you can visit here: UCL MIM Interview Questions
Indian Student Visa Work Hour Restrictions
Here are the key points regarding work permissions for Indian students in the UK on a Tier 4 (General) visa or the Student route:
- Weekly Work Limit During Term Time: Students are allowed to work a maximum of 20 hours per week during academic terms. This includes both paid and unpaid work across one or more organizations.
- Calculation of Work Hours: The 20-hour limit cannot be averaged over a longer period. A "week" for this purpose is defined as a period of 7 days starting on a Monday.
- Work During Vacation: Students can work full-time during official vacation periods. It's essential to verify term and vacation dates as they vary based on the level of study.
- Types of Permitted Work:
- International students can engage in most types of work, but there are restrictions
- No self-employment.
- No business activities.
- No filling of a full-time permanent vacancy.
- No work as a professional sportsperson or entertainer.
- No work as a doctor or dentist in training, unless part of a foundation program.
Work Permissions Post-Thesis Submission: After submitting their thesis for examination and until the official notification of viva outcomes, students are allowed to work full-time. Following the viva outcome and until the unconditional approval of the degree (including any required corrections), students are restricted to working a maximum of 20 hours per week.
Related Blogs:
Conclusion
UCL MiM fees may seem like a significant investment, the unparalleled education, global career prospects, and UCL's prestigious reputation as it is one of the top MIM colleges in UK make it a worthwhile choice. With strategic financial planning and available scholarships, UCL MiM offers the perfect foundation for a successful and rewarding career in management.
