| The 2004 Budget ok the UK
announced a new provision for Graduates of Top 50 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 new MBA provision ia activated from 12th April 2005.
The Highly Skilled Migrant Programme (HSMP) is designed to attract
highly skilled people to the UK to seek and take work. The MBA provision
as a part of this scheme is designed to address 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 are included?
The Treasury has published the list of the 50 eligible programmes
for this purpose. 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 management 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.
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. 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.
Click Here For 50 Qualifying MBA
Programmes
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