Fees and financing
Tuition fees for the Masters in Management programme starting September 2013 are £25,700.
Please note that tuition fees for the Masters in Management are the same for UK nationals and non-UK nationals. There is no international student rate.
If you are offered a place on the full-time Masters in Management programme, you will be given a specific date to accept the offer. If you accept, you pay a Commitment Fee of £1,500 (within three weeks of your offer) and then a Reservation Fee of £6,000 (within six weeks of your offer). Both the Commitment Fee and the Reservation Fee are non-refundable and will be deducted from the total tuition fees. Please note that students who apply and are accepted late will be required to pay the fees in a shorter amount of time.
As a student at London Business School, you may be eligible to apply for a loan to help finance your studies.
What's covered by the fees?
Fees for the Masters in Management programme include:
- Tuition
- Course materials for the entire Masters in Management programme (excluding text books)
- A contribution to the London Business School Student Association
Please note that fees do not include living expenses or books, and you will need to possess a laptop for the duration of the programme.
Scholarships
The School has a limited number of scholarships available for Masters in Management students. Scholarships available to MiM2014 students include:
London Business School Fund Scholarships
Offered by London Business School, these scholarships will be awarded at the Scholarship Committee's discretion to candidates with a well-rounded background, strong achievements, and financial need.
Awards:
Merit based - London Business School Fund - £6,000 x 8 awards
• This award will support star candidates based on the strength of their application.
Merit based - London Business School Fund for Women - £6,000 x 2 awards
• This award will support star female candidates based on the strength of their application.
Merit based - London Business School Fund for UK residents & nationals - £6,000 x 2 awards
• This award will support star residents and nationals of the UK based on the strength of their application.
Bursaries - £12,000 x 3 awards
• Candidates will need to explain how they would finance their studies without a London Business School scholarship and may need to provide evidence of their financial situation, as well as that of their parents.
Eligibility: Candidates who are offered a place in the Class of MiM2014 by 30 June, 2013 will be given details on how to apply for this award within a specific stage.
Please note: To be eligible for these scholarships you will need to have been offered a place on the programme by 30 June 2013. London Business School scholarships are awarded in the form of tuition fees remission and will not be distributed prior to the scholar arriving on campus.
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The Santander Scholarship
Funded by: http://www.santander.co.uk/
Awards : £5,000 x 11
Eligibility: Candidates who are offered a place in the Class of MiM2014 by 30 June, 2013 will be given details on how to apply for this award within a specific stage. The Santander Scholarship will be awarded to candidates who are ideally residents of countries within the Santander Universidades scheme: Argentina, Brazil, Chile, China, Colombia, Mexico, Peru, Puerto Rico, Russia, Uruguay, USA, UK, Venezuela, Spain, and Portugal.
Students are only eligible to receive one scholarship, and scholarships cannot be accumulated. We also advise all applicants to look into external funding opportunities early as application deadlines vary.
Estimated living expenses
To help you estimate the financial obligations required to attend London Business School, we recommend you visit the following sites for information about the costs of studying in the UK:
London Business School's estimate of minimum living costs is £1,000 per month. However, be aware that this can only be a very general estimate as how much you spend is up to you and London can be as inexpensive or costly as your individual tastes dictate.
As this is a full-time programme we do not advise that students work whilst completing their degree, as it will be difficult to juggle academics, job applications, and school activities along with a part-time job. Please note there are no opportunities for students to find work on the London Business School campus.
Accommodation
Accommodation costs in particular can vary. London Business School does not provide student accommodation on campus; however there are a number of places available exclusively to our students at accommodation halls around London. Details of these halls and how to apply will be provided once you have been made an offer to the programme.
Please also see the following sites for further information about student accommodation:
Next steps
Individual funding
The following websites have lists of funds that may be available to you as an individual.