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The London Business School (LBS) Master in Management (MiM) program is one of the most prestigious management degrees in the world. It’s designed for recent graduates looking to kickstart their careers in business and management. However, pursuing this program requires careful financial planning. In this blog, we’ll break down the LBS MiM fees, scholarships, and other costs to help you plan your investment.
LBS MiM Fees
Here’s a detailed table of the LBS MiM fees for the 2024 intake. All figures are in GBP (British Pounds) and are sourced from the official LBS website.
Fee Component | Amount (GBP) |
Tuition Fees | £44,900 |
Application Fee | £100 |
Enrollment Deposit | £2,500 (non-refundable) |
Student Association Fee | £150 |
Estimated Living Costs | £15,000 - £20,000 |
Total Estimated Cost | £60,550 - £65,550 |
Additional Costs to Consider
Accommodation: London is an expensive city, and accommodation costs can vary widely depending on your preferences.
Travel and Leisure: Budget for travel, social activities, and networking events.
Study Materials: Books, cases, and other resources may cost extra.
LBS MiM Scholarships
LBS offers a range of scholarships to support talented students. These scholarships are merit-based, need-based, or specific to certain regions or backgrounds. Here’s a summary of the key scholarships available for MiM students:
Scholarship Name | Eligibility | Amount (GBP) |
MiM Excellence Scholarship | Outstanding academic and professional achievements | Up to £15,000 |
MiM Diversity Scholarship | Candidates from underrepresented backgrounds | Up to £10,000 |
MiM Women’s Scholarship | Female candidates demonstrating leadership | Up to £20,000 |
MiM Regional Scholarships | Candidates from specific regions (e.g., Africa, Asia) | Varies by region |
MiM Need-Based Scholarship | Demonstrated financial need | Up to £10,000 |
How to Apply for Scholarships
Submit Your MiM Application: You must first apply and receive an offer for the MiM program.
Complete the Scholarship Essay: Some scholarships require a separate essay or statement.
Deadlines: Scholarship deadlines are usually aligned with the application rounds, so apply early.
Why LBS MiM is Worth the Investment
The LBS MiM program is a significant financial commitment, but it offers exceptional ROI (Return on Investment). Here’s why:
Global Reputation: LBS is consistently ranked among the top business schools worldwide.
Career Opportunities: Graduates secure roles in top-tier companies with competitive salaries.
Alumni Network: Access to a powerful network of over 46,000 alumni across 155 countries.
London Location: Study in one of the world’s leading business hubs.
Conclusion
The LBS MiM program is a transformative experience that can set you up for a successful career in business. While the fees are substantial, the scholarships and financial aid options can significantly reduce the burden. Make sure to plan your finances carefully and apply for scholarships early to maximize your chances.
Note: To download the Brochure click here
Summary of LBS MiM Fees and Scholarships
Category | Details |
Tuition Fees | £44,900 |
Additional Costs | £15,000 - £20,000 (living expenses) |
Total Estimated Cost | £60,550 - £65,550 |
Scholarships Available | Up to £20,000 (depending on eligibility) |
Application Fee | £100 |
Enrollment Deposit | £2,500 |
