Financing your MBA

London Business School strongly advises applicants to research all available financing options well in advance of submitting an application. All applicants should aim to maximise their savings and minimise their debt before starting the programme in order to increase their borrowing capacity.

When researching the cost of the MBA Programme, you should take into account the potential earning opportunities that students have while on the programme.

• MBA2008 summer internship salaries averaged £1,003 (US$2,081) per week for up to 12 weeks.
• MBA2008s earned an average of £100-£300 per day for their Second Year Project (25-30 days duration).

Loan schemes and scholarships

The funding pages, that can be accessed through the links on the right of this page, contain information on the various funding sources used by London Business School students including company sponsorship, scholarships and loan schemes. The most common ways of funding the MBA are through the HSBC - London Business School Loan (available to domestic and international students), US Federal Stafford and top up loans (for US citizens and residents) and the Association of MBA loans (available to UK nationals and residents only).

Tuition fees

Tuition fees for the class commencing August 2009 (MBA2011) are £45,500 (This covers the full 15-21 months of tuition).

Fees include tuition, course materials, configuration of personal laptop computers (which meet the School's specification), and a contribution to the London Business School Students' Association. The fee does not include living expenses which vary according to your circumstances and lifestyle (See table below).

Payment of fees

If you are offered a place on the MBA Programme, you will be given a specific date by which you should respond and pay a non-refundable Commitment fee of £1,500 should you decide to accept your offer. Students commencing the Programme in 2009 will also need to pay their non-refundable Reservation Fee of £6,000 by 25 June 2009, (for applicants from Stages 1-3) and 23 July 2009 (for applicants from Stage 4). Both the Commitment and Reservation Fees will be deducted from the total tuition fee liability.

Estimated living expenses

To help you estimate the financial obligations required to attend London Business School, the following annual budget is provided.  The figures were taken from a survey of recent MBAs.  From the figures shown you will see that the level of expenditure incurred depends greatly upon lifestyle.