If you’re considering pursuing an MBA at London Business School, one of the most prestigious business schools in the world, you’re probably wondering how much it will cost. The answer is not straightforward, as there are different options to choose from and various expenses to consider. Let’s break it down.
Program Options
London Business School offers several MBA programs, each with a different duration and focus. The most popular option is the Full-time MBA, which lasts for 15-21 months and covers a broad range of business topics. The school also has an Executive MBA for experienced professionals who want to continue working while studying, as well as a Global Executive MBA that combines residential modules in London, Dubai, Hong Kong, and New York.
Tuition Fees
The tuition fees for the Full-time MBA starting in August 2021 are £92,735. This includes all academic materials and some extracurricular activities such as career coaching and leadership development.
For the Executive MBA starting in September 2021, the tuition fees are £95,500 for London stream and £101,000 for Dubai stream. Finally, the Global Executive MBA starting in September 2021 costs £98,500.
It’s worth noting that these fees are subject to change every year and may increase over time. Additionally, there may be additional expenses such as travel costs for international modules or living expenses if you choose to live on campus or in London during your studies.
Scholarships
London Business School offers a variety of scholarships to help students finance their education. These scholarships are merit-based and take into account factors such as academic achievement, professional experience, leadership potential, and diversity.
Some examples of scholarships available include:
- The LBS Sloan Fellowship Scholarship – awarded to exceptional candidates who have been accepted into the Sloan program.
- The London Business School Fund Scholarship – awarded to outstanding students who demonstrate financial need.
- The Africa Club Scholarship – awarded to African nationals who are committed to contributing to the development of Africa.
Other Expenses
Aside from tuition fees and scholarships, there are other expenses you should consider when budgeting for an MBA at London Business School. These include:
- Accommodation – if you choose to live on campus or in London during your studies, you’ll need to factor in rent, utilities, and other living expenses.
- Transportation – if you need to commute to campus or travel for international modules, you’ll need to account for transportation costs such as flights or train tickets.
- Visa fees – if you’re an international student, you may need to apply for a student visa which can come with additional costs.
- Personal expenses – this includes things like food, entertainment, and other miscellaneous costs that come with living in a big city like London.
Conclusion
All in all, pursuing an MBA at London Business School can be a significant investment both in terms of time and money. However, it’s also an opportunity to gain valuable knowledge and skills that can help propel your career forward. By considering all the costs involved and exploring scholarship opportunities, you can make an informed decision about whether this program is right for you.