MBA Provision and HSMP
Brief Summary of MBA Provision
The 2004 UK Budget announced a new provision for graduates who have attended 50 of the top business schools to work in the UK for up to 12 months on completion of their MBAs. They may apply for a three-year extension. After that, they may apply for unlimited leave to remain (permanent residence).
This provision forms part of the Highly Skilled Migrant Programme (HSMP), and was launched on 12 April 2005.
The Highly skilled Migrant programme is designed to attract highly skilled people to the UK to seek and take work. Go to the HSMP section of this website to find out more.
The MBA provision (Masters in Business Administration)
There is a lack of high quality management, and the aim is to address this weakness in the UK economy by attracting highly qualified and talented managers to the UK. The Masters in Business Administration is one of the most respected and recognised management qualifications.
People who may qualify
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.
It is important to note that you must graduate from an MBA programme when it is on the list. This means that those who have graduated from an MBA programme before 2 December 2004, when the list was released, are not eligible. However, if you have graduated from a top MBA, you may qualify under the regular HSMP, and can find out your chances on our HSMP calculator page. Those who have not yet graduated may submit an official letter from their tutor.
- You will need to have graduated from an eligible business school while it is on the list of eligible schools.
- You must have graduated with an MBA degree (those who studied at an eligible school, but studied different coursework, are not eligible).
- You will be awarded the minimum number of points necessary to qualify under HSMP.
- You will still need to meet the remaining requirements of the programme, such as:
- You will be able to continue your chosen career in the UK.
- You should know what field you intend to work in in the UK
- You will also have to show that you intend to make the UK your main home, and that you can support yourself and any dependants without public funds.
Requirements of the HSMP
The list of 50 eligible business school programmes
The Treasury published the list of the 50 eligible programmes with the Pre-Budget Report on 2 December. The Treasury will review and re-publish this list every year.
The 50 eligible programmes have been determined by looking at the following criteria as they are thought to 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.
Contact us to see whether you are eligible for the programme.
The list of institutionsThe list of institutions will contain 10 UK institutions and 40 institutions from the rest of the world.
The quota of 10 UK institutions has been included because students already studying 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.'
The government is yet to sort out the details of the provision, and they will be published here when they are.
The list has been put together through an assessment of economic impacts only, by observing the effects of employment and income factors, and is correct as of December 2004:
- Harvard Business School (USA)
- Columbia Business School (USA)
- University of Pennsylvania: Wharton (USA)
- IMD (SWI)
- University of Chicago (USA)
- Dartmouth College: Tuck (USA)
- Stanford University (USA)
- Insead (FR/Sing)
- University of Oxford: Said (UK)
- MIT: Sloan (USA)
- Ashridge (UK)
- Northwestern: Kellogg (USA)
- London Business School (UK)
- New York University: Stern (US)
- University of Strathclyde (UK)
- IESE Business School (SP)
- Yale School of Management (USA)
- Warwick Business School (UK)
- City University: Cass (UK)
- Rotterdam School of Management (Neth)
- UC Berkeley: Haas (USA)
- University of Cambridge: Judge (UK)
- Georgetown University: McDonough (USA)
- Instituto de Empresa (SP)
- Cornell University: Johnson (USA)
- University of Michigan (USA)
- Duke University: Fuqua (USA)
- University of Virginia: Darden (USA)
- Carnegie Mellon University (USA)
- SDA Bocconi (IT)
- Emory University: Goizueta (USA)
- UCLA: Anderson (USA)
- Manchester Business School (UK)
- Cranfield School of Management (UK)
- University of Toronto: Rotman (CAN)
- University College Dublin: Smurfit (IRE)
- University of Southern California: Marshall (USA)
- University of Rochester: Simon (USA)
- Vanderbilt University: Owen (USA)
- Rice University: Jones (USA)
- University of North Carolina: Kenan-Flagler (USA)
- Babson College: Olin (USA)
- Melbourne Business School (AUS)
- Ceibs (CHN)
- Australian Graduate School of Management (AUS)
- Universiteit Nyenrode (NTH)
- University of Western Ontario: Ivey (CAN)
- Boston University School of Management (USA)
- University of Maryland: Smith (USA)
- Bradford School of Management/Nimbas (UK/NTH/GER)