Information about the MBA Provision
What is the MBA Provision?
The 2004 Budget announced a new provision for graduates of 50 top business schools to work in the UK for up to 12 months on completing their MBAs. This provision will form part of the Highly Skilled Migrant Programme (HSMP).
The HSMP is designed to attract highly skilled people to the UK to seek and take work. The MBA provision within this addresses the weakness in the UK economy in the quality of management by attracting highly qualified and talented managers to the UK. The Masters in Business Administration remains one of the most recognised and respected management qualifications.
Which 50 business schools will it apply to?
The Treasury is publishing the list of the 50 eligible programmes with the pre-Budget report on 2 December. The Treasury will review and re-publish this list annually.
The 50 eligible programmes are determined by applying criteria which best reflect the potential economic productive contribution of graduates:
Post-graduation Salaries, as the most effective measure of productivity
Employment, essential if productive potential is to be realised.
The list of institutions contains 10 UK institutions and 40 from the rest of the world. The inclusion of a quota of 10 UK institutions reflects the fact that students choosing to study in the UK have already shown a commitment to this country and have begun to integrate in the UK, making it easier for them to continue their career here.
Further details of the list of eligible programmes can be found on the Treasury’s website at www.hm-treasury.gov.uk/pre_budget_report/
Who will be eligible?
Individuals who graduate from one of the eligible MBA programmes at the time it is on the list will be eligible to apply for the MBA provision. We have yet to finalise the other requirements of the provision. Successful applicants will be awarded the minimum number of points necessary to qualify under HSMP, but will still need to meet the remaining requirements of the programme.
When we have finalised the details of the provision, they will be published here.
Is this list a rival ranking to other independent rankings?
No. The list is generated through an assessment of economic impacts only, captured through employment and income effects. Prospective students will need to consider a broader range of criteria when weighing up the pros and cons of different MBA programmes such as quality of facilities. These broader factors are considered in many other independent rankings, such as that produced by the Financial Times.
When will it be launched?
We are looking to launch the MBA provision in April 2005.