The UK Home Office reported that sponsored study visas for main applicants decreased by 5% between 2022 and 2023.
The dip is the first decrease of international student visas in the UK since 2020, albeit the overall amount remains much higher than in 2019.
What are the figures and implications for business school applicants seeking study visas in the UK? Here is our analysis.
The overseas study boom in the United Kingdom may be waning
The number of visas given to main applicants (i.e., not dependents such as spouses and children) decreased by 5%, from 484,140 in 2022 to 457,673 in 2023.
There is no need for overseas students to panic. The rate of rejection has not increased appreciably. Not only did the number of visas granted fall, but so did the number of applications, which declined by 3% year on year.
Prior to this, these figures had been steadily climbing since 2020, resulting in what many termed a “boom” in overseas study in the UK.
Of course, this boom cannot last forever, and many may view these developments as an unavoidable plateau as students’ interest wanes.
However, recent adjustments to visa requirements in the UK may reduce the number of international students even further.
Incoming policy reforms concerning dependents may accentuate this declining trend
Effective January 2024, only research-based postgraduate students will be allowed to bring dependents to the UK.
It was logical to expect applicants to rush to apply for visas before the deadline, but the data show that this was not the case.
On the contrary, the reduction in visas was particularly severe between the third and fourth quarters of 2023.
This trimester typically sees a large drop, with the majority of the year’s visas issued to applicants in Q3 in preparation for fall enrollment. However, in 2022, the number of visas issued fell by 75% between Q3 and Q4, and in 2023, it fell by 83%.
This implies that interest in international studies in the UK was declining regardless of legislative changes; nonetheless, this may continue to have an impact in the future.
What might overseas students expect in 2024?
Due to decreased eligibility, the number of dependents traveling to the UK on sponsored study visas is expected to drop dramatically by 2024.
In 2023, about 25% of visas were awarded to dependents, potentially impacting the number of main applicants arriving to the UK.
If you intend to study a postgraduate business degree in the United Kingdom and do not have dependents who wish to accompany you, your plans may be unaffected.
However, if you have a spouse, children, or other dependents, this may have an impact on your long-term study and career plans in the UK.