London Business School (LBS) has reaffirmed its commitment to racial equality with the launch a new scholarship to support exceptional students of Black or Mixed Black ethnicity and the progression of diverse and inclusive leaders on its programmes and in industry.
Recipients of a Black in Business Scholarship must have a confirmed offer to study at LBS and the intention to contribute to racial equality and the student-led Black in Business Club during their time at the School. They must also demonstrate experience in racially diverse and inclusive leadership within their country, industry, community or organisation.
Arnold Longboy, Executive Director of Recruitment and Admissions at LBS, said the Black in Business Scholarship would play a key role in shaping the School’s future.
“This newly launched Scholarship drives us towards our aspiration of becoming the leader in terms of a diverse and inclusive student community,” he said.
“A major pillar of that goal is to have Black student representation that is reflective of London and society. That foundation will allow us to further grant traditionally disadvantaged groups access to the LBS advantage.”
Co-founders of LBS’s Black in Business Club, Tabria Lenard (MBA2021) and Cole Agbede (MBA2021), said the Scholarship would enable more emerging and established Black business leaders to access the life-changing benefits of business education.
"The cost of business school can be a significant barrier for Black students,” Ms Lenard said.
“When we started Black in Business, one of our challenges to the School was to combat this through targeted scholarship funding. We’re thrilled to see this support in place for the graduating Class of 2023.”
Mr Agbede added: "We are excited by the potential of this scholarship to grow over the years, providing increasing support for future Black business students from around the world.”
More LBS’s new Black in Business Scholarship.