LIBF blog The journey to an MBA: its duration, cost, and key steps to qualification

The duration of MBA programmes can vary, but full-time programmes typically take around one to two years, while other programmes can take from three years to five years to complete.

At LIBF, you can study online full-time over one year, or part-time online over 18 months or two years.

An MBA can cost anywhere from £10,000 to £100,000 or more, depending on the degree provider or university, the total tuition fees, the length of the programme, and additional expenses.

At LIBF, our online MBA degree is just £10,250, with the option to spread out your tuition fees monthly or annually or benefit from reductions if you pay in full.

When considering the cost, consider the potential positive ROI of an MBA course. Many MBA graduates experience median salary growth. But it's important to remember that salary increases can vary depending on factors such as your industry, job role, location, and performance.

Scholarships, grants, and bursaries may be available from various sources, including universities and higher education providers.

If you're a UK student, you can also apply for a postgraduate master's loan, based on the country you live in before you begin your degree.

While studying, engage in class discussions (in-person or online), network with peers and tutors, participate in extracurricular activities, and take advantage of the careers support offered by your MBA provider or university.

If you're currently working with a business, you can also speak to your managers to see if you can apply your developing leadership and management skills to your current role.

Unlike traditional MBA programmes that can take two to five years to complete, accelerated MBA programmes can be completed in as little as nine months to one year. They are often suited for prospective students who have a strong foundation in business concepts and can set aside a dedicated time commitment to level up quickly.

An accelerated MBA degree can be a great option if you're ready to immerse yourself in an intensive learning experience. At LIBF, our online full-time MBA programme can be completed over 1 year. If you are looking for a less intensive study experience, you can study part-time in our 18-month or two-year MBA programme.

An Executive MBA (EMBA) is a specialised programme, designed with a focus on high-level decision-making, developing MBA graduates with strategic leadership skills that can lead companies to success.

A global MBA focuses on international business from a global perspective. It typically includes modules that advance your knowledge of different markets, cultures, and business practices worldwide.

In today's global business landscape, many MBAs today include modules on international business. If this is an area you're specifically interested in, you could also explore business postgraduate degrees.