Studying at a world-renowned institution like the London Business School (LBS) can be a dream come true for many aspiring business professionals. However, before making a decision, it’s essential to consider the cost of studying at LBS. Let’s explore how much it costs to study at LBS.
Tuition Fees
The tuition fees for the Masters in Management (MiM) program at LBS are currently £34,200 (~$46,000). For the Masters in Finance (MiF) program, the fees are £38,900 (~$52,000).
The fees for the Masters in Business Administration (MBA) program vary depending on whether you choose the 15-month or 21-month option. For the 15-month MBA program, the tuition fee is £87,900 (~$118,000), and for the 21-month program, it is £92,735 (~$124,000).
Living Expenses
Apart from tuition fees, living expenses are another crucial factor to consider when studying at LBS. The cost of living in London can be high compared to other cities globally. According to Numbeo.com’s data from December 2021:
- The average monthly rent for a one-bedroom apartment in London city center is around £1,600 (~$2,150).
- A meal at an inexpensive restaurant costs around £15 (~$20), while a three-course meal for two people at a mid-range restaurant costs approximately £70 (~$94).
- The cost of transportation in London varies depending on whether you use public transport or taxis. A monthly travel pass costs around £136 (~$183).
Scholarships and Financial Aid
LBS offers various scholarships and financial aid options to help students manage their expenses. These include:
- The LBS Foundation Scholarship
- The London Business School Merit Scholarship
- The LBS Sloan Fellowship Scholarship
- The Deloitte Institute of Innovation and Entrepreneurship Scholarship
Conclusion
In summary, the cost of studying at LBS can be significant, with tuition fees ranging from £34,200 to £92,735. Additionally, students must also consider living expenses, which can be high in London.
However, there are various scholarships and financial aid options available to help ease the financial burden. It’s essential to research these options before making a decision about studying at LBS.
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