The United Kingdom for Indian students

Study in the United Kingdom – MBA and Living Expenses

The United Kingdom is home to the world’s most renowned and reputed universities. These institutions are known for their world-class education, cutting-edge research opportunities, multi-ethnic environment, and amazing work opportunities. Before moving to the United Kingdom for an MBA, you can check out MBA in USA as well. However, before you move to the UK, you must take care to understand the expenses that you will incur as a student. The following are some major expenses:

1. Accommodation Charges

Accommodations in the United Kingdom can be categorized into two options: university dormitory and private apartments. Dormitories can cost between INR 33,068 to 49,602, whereas private apartments can cost between INR 33,068 to 43,815. Dormitories provide basic facilities such as electricity and laundry, and students have to share a common area and kitchen with their peers. Dormitories offer an excellent opportunity to socialize and interact with your peers.

A private apartment offers personal space and freedom. They are generally more expensive compared to dormitories, and basic facilities like electricity, water, and laundry are not included in the rent.

2. Tuition Fees

The cost of the undergraduate program in the United Kingdom ranges from INR 8,77,547 to 11,70,063, whereas the postgraduate program can cost between INR 11,70,063 to INR 34,12,685. Tuition fees vary depending on the university, and most universities change their program fees annually.

3. Utilities

Utilities in the United Kingdom include energy, broadband, laundry, and a TV license. Energy is quite expensive, and home insulation helps protect you from the harsh winters and summers. Electricity bills will depend on your usage. The average monthly cost of gas for a one- to two-bedroom apartment is INR 3974.98. Broadband can cost up to INR 3974 per month, and a color TV license costs INR 13001.48 per year.

4. Food Expenses

Food prices are higher compared to other European countries. Here are some common costs:

  • A loaf of bread: INR 61.98
  • 500 grams of pasta: INR 74.38
  • Six eggs: INR 99.17
  • One packet of biscuits: INR 48.76
  • A restaurant meal: INR 1239 to 2066
  • A bottle of wine: INR 826.45

5. Visa Charges to the United Kingdom

A short-term study visa with a duration between six to eleven months can cost up to INR 19,792. A one-year student visa costs INR 52,547, and a long-term student visa can cost up to INR 35,922. Visit here for discounts on visas.

6. Clothing and Leisure

Indian students will need good insulation from the UK’s harsh winters. Here’s a breakdown of clothing costs:

  • A warm sweater: INR 1739 to 2981.23
  • A raincoat: INR 2981.23 to 6460
  • An overcoat: INR 5382 to 12,421

For leisure activities, a university gym membership can cost up to INR 2484 per month, and a ticket to the cinema costs between INR 414 to 993.74.

Conclusion

The United Kingdom is a bit expensive. Indian students must consider currency depreciation and inflation. It’s wise to have twenty to thirty percent more than your estimated budget. Try to save money as much as possible. Refrain from going out to pubs and restaurants with your friends to save money. Since energy in the UK is quite expensive, try utilizing it efficiently. Additionally, you can start your part-time job to cover your living expenses. Students become financially aware and adept after they start earning, but don’t forget to enjoy and experience your academic journey.

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