In this in-depth total cost analysis and funding tips for London Business School MBA program, we cover:
- Tuition Fees (London Business School MBA)
- What is the total cost of a London Business School MBA (15-21 Months)
- LBS MBA Total Cost Breakdown
- LBS MBA Cost: 2025-26 vs. 2024-25
- London Business School Full Time MBA: London vs Dubai Campus
- London Business School Funding Tips
- London Business School MBA: Past Scholarships/Fellowships
- London Business School MBA Program Loans
- London Business School MBA Program: Past Loans
Admissions Consultant’s Note
London Business School MBA or LBS MBA has a cost that is $50,000 more compared to an equivalent MBA program in the US. However, the advantage when one considers the opportunity cost is that the school has a flexible 15-21-month program
When you factor in the total salary – PPP converted, LBS MBA has impressive other compensations, compared to the standard $30,000-$60,000 sign-on bonus in US schools, while the median base salary is $10,000 to $20,000 below the standard in US schools.
Tuition Fees (London Business School MBA)
The total tuition fee for the London Business School MBA program is £119,950 ($162,712). This covers the tuition fees for the entire 15-22 months of the MBA program at LBS.
What is the total cost of a London Business School MBA (15-21 Months)
The MBA tuition fee for 2025 is £119,950 ($162,712). The tuition fee covers the entire 15-21-month program and is unaffected by the exit point that the students choose.
Non-Refundable Fees – On LBS MBA Admit
If a student is offered a place in the full-time MBA program, they will have to pay a £3,500 ($4,555) commitment fee within one month of the offer, followed by a £6,500 ($8,459) reservation fee. These are non-refundable fees deducted from the student’s total tuition fee.
LBS MBA Global Experience Cost – Not Included in Tuition Fees
LBS fees do not include any program-related travel expenses. Travel and lodging costs vary depending on the destination for the various Global Experiences.
In addition to school fees, a Student Association Fee of £380 ($515) pays for the Student Association (SA) subscription.
What is the total living cost for the London Business School MBA Program?
Aside from the college fee, students must also cover their living expenses, which include housing (£15,600 ($21,161)), transportation (£2,232 ($3,027)), food (£5,760 ($7,813)), and Utility (£3,563 ($4,833)). All of these costs along with the tuition fee and Student association fee add up to £148,685 ($200,1691) (approximately).
Apart from the tuition fee, here we have the cost table for a year for the students of the LBS MBA program in London.
LBS MBA Total Cost Breakdown
The biggest expense was Tuition, followed by accommodation, food, transportation and utilities with the total cost crossing $200,1691 or £148,685.
| LBS MBA Expenses | Cost (annual) (2025-26) |
| Tuition | £119,950 ($162,712) |
| Transportation | £2,232 ($3,027) |
| Food | £5,760 ($7,813) |
| Accommodation | £15,600 ($21,161) |
| Students Association Fee | £380 ($515) |
| Utility | £3,563 ($4,833) |
| Total (Annual) | £148,685 |
LBS MBA Cost: 2025-26 VS 2024-25
Between the 2024–25 and 2025–26 academic years, the total annual cost of attending the LBS MBA program rose from £140,440 ($178,773) to £148,685. This reflects a year-over-year increase of £8,245 or approximately 5.87%.
Weaker Dollar Affects LBS MBA Cost - For International Students
When viewed in U.S. dollars, the increase appears more pronounced due to exchange rate fluctuations, with the total cost rising by $21,571, or about 12.06%, primarily reflecting a weaker dollar relative to the pound.
Tuition Fee Increase - 11.5% Increase (Dollar Terms)
Tuition increased from £115,000 ($146,389) in 2024–25 to £119,950 ($162,712) in 2025–26, an annual rise of £4,950 or 4.3%. However, in dollar terms, this jump amounts to $16,323 or 11.15%, underscoring the exchange rate’s impact on international students.
Transportation Cost Increase - 65% Jump (Dollar Terms)
Transportation costs rose significantly from £1,440 ($1,833) to £2,232 ($3,027), a 55% increase in pound terms and 65% in dollar terms.
Food Cost Increase - 20% Jump
Similarly, food expenses increased from £4,800 ($6,110) to £5,760 ($7,813), marking a 20% rise in both currencies.
Food Inflation: 20%
Accommodation - Surprising Drop of 7.1% & Flat in Dollar Terms but Utility Cost jumped by 74.7%
Accommodation, interestingly, decreased slightly from £16,800 to £15,600, a 7.1% drop in pound terms, though the dollar equivalent remained nearly flat due to currency changes.
The Student Association Fee increased modestly from £360 to £380 (5.6%), and utility costs jumped from £2,040 to £3,563—a substantial 74.7% increase, signaling a potential spike in energy or service costs.
Accommodation Inflation: Depreciation (Fell by 7% in Pounds and Flat in USD)
Utility Cost: High (more than 74%)
In summary, the overall increase in LBS MBA costs reflects both structural rises in tuition and living expenses, and the compounding effect of currency exchange movements for international students.
| LBS MBA Expenses | Cost (annual) (2023-24) | Cost (annual) (2024-25) |
| Tuition | $142,788 | $146,389 |
| Transportation | $ 1,017 | $1,833 |
| Food | $ 3,814 | $6,110 |
| Accommodation | $ 16,530 | $21,385 |
| Students Association Fee | $390 | $458 |
| Utility | $ 2,543 | $2,596 |
| Total (Annual) | $167,082 (entire program) | $178,773 |
London Business School Full Time MBA: London vs. Dubai Campus
Since London Business School has two campuses, one in London and the other in Dubai - the table below will help you identify the cost index or the expenses for living in both Countries.
| London (2023-24) | Dubai (2023-24) | London (2024-25) | Dubai (2024-25) | London (2024-25) | Dubai (2024-25) | |
| Cost of Living Index | 82.8 | 66.1 | 80.1 | 63 | 77.9 | 58 |
| Cost of Living Plus Rent Index | 76.5 | 58.2 | 76.1 | 59.6 | 72.6 | 55 |
| Grocery Index | 58.9 | 48.7 | 64.2 | 48.1 | 61.6 | 45.3 |
| Rent Index | 69.6 | 49.4 | 71.6 | 55.9 | 66.1 | 51.2 |
| Restaurant | 96.2 | 71.1 | 79.7 | 60.1 | 79.9 | 62.9 |
| Local Purchasing Power Index | 83 | 117.8 | 83 | 99 | 101.8 | 125.5 |
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Related: LBS MBA Cost Trends
London Business School Funding Tips
There are 51 (previously 50) scholarship and fellowship options at LBS.
LBS funding possibilities mostly focus on special attributes, such as industry, military, entrepreneurship, etc. LBS's expanding scholarship portfolio ensures the attraction and support of the best talent. All awards are automatically considered for admitted students.
Besides the internal funding options, LBS offers external funding options for MBA students.
Apart from the existing funding sources, 6 new scholarships were added- one for students from Israel, one for those from Greece or Cyprus, one for women candidates, and the other for students from the sustainability sector.
From the previous year’s funding list, 5 funds were removed this year.
Besides the internal funding options, LBS offers external funding options for MBA students.
LBS has 34 (38 for 2023-24) external funding and 18 (15 for 2024-25) loan options available.
| Scholarships | Awards |
|---|---|
| Scholarships/Fellowships | Awards |
| Laidlaw Women’s Leadership Fund | 7 students get 100% of tuition fees and 5 students get 50% of the tuition fees for the MBA |
| Enhanced Learning Credits Scheme | Variable |
| MSc13 (1980) Class Scholarship | Up to £50,000 |
| Muna Al Gurg Scholarship | £75,000 per scholarship |
| The Rologis Family Scholarship | £60,000 |
| London Business School Sustainability Scholarships | Up to 50% of fees |
| London Business School Israel Scholarships | Up to first year fees |
| Kuwait Investment Authority Scholarship | Variable |
| Singapore Government Scholarship | Variable |
| Tuk-Tam Scholarship | Variable |
| Veterans Affairs Canada Education and Training Benefit | Variable |
| Fernand Lazard Foundation Scholarship | Variable |
| Canton of Bern Student Support Grant | Variable |
| Hendrik Mullerfonds Scholarship | Variable |
| BadCredit.org Wealth Wise Scholarship | Variable |
| Enhanced Learning Credits Scheme | Variable |
| Association Philip Jabre Scholarship | Variable |
| BK Birla Scholars Programme | Up to full fees for 10 students |
| VSBfonds Scholarship | Variable |
| Karelia Foundation Scholarship | Variable |
| London Business School Fund Scholarships | Up to full fees |
| Gonzalo and Maria Garcia Latin America Scholarship for Women | £100,000 |
| SARI Foundation Trust Scholarship | 100% of tuition fees |
| Mo Ibrahim Foundation Scholarship | 100% of tuition fees |
| MSc09(1976) Scholarship | Up to 50% of first-year fees |
| The 30% Club Scholarship MBA | Up to 50% of the full tuition fee |
| Blavatnik Scholarship | £40,000 |
| Professor Sir James Ball Endowed Scholarship Programme | Up to £50,000 |
| London Business School Energy Scholarship | Up to 50% of tuition fees |
| London Business School European Scholarship | Up to 50% of tuition fees |
| London Business School Entrepreneurship Scholarship | Up to 50% of tuition fees |
| London Business School China Scholarship | Up to 50% of tuition fees |
| London Business School Luxury and Retail Scholarship | Up to 50% of tuition fees |
| LBS Technology and Engineering Scholarship | Up to 50% of tuition fees |
| London Business School Healthcare Scholarship | Up to 50% of tuition fees |
| London Business School Latin America Scholarship | Up to 50% of tuition fees |
| Forté Foundation Fellowships | Up to £45,000 |
| London Business School USA / Canada Scholarship | Up to 50% of tuition fees |
| The Australia/New Zealand Scholarship | Up to 50% of tuition fees |
| Mikhalitsi O'Dwyer Scholarship | £50,000 |
| Guldin Family Scholarship | £35,000 |
| Out in Business MBA/MiF Scholarship | Up to £15,000 |
| London Business School Military Scholarship | Up to £30,000 |
| Sponsors for Educational Opportunity | £30,000 |
| Huw Jenkins Scholarship | £35,000 |
| A.H.E.A.D Scholarship | £25,000 |
| Vodafone Group Foundation - The Sir Christopher Gent Awards | £20,000 |
| Carlsson Family Scholarship | £20,000 |
| Reaching Out MBA Fellowship | £20,000 |
| MSc17(1984) Scholarship | £20,000 |
| African Scholarship | £20,000 |
| MSc19(1985) Scholarship | Up to 50% of tuition fees |
| The General Sir Monash Awards | Variable |
| Gary Lubner Scholarship | Up to £50,000 |
| Dr. Tech. Marcus Wallenberg Scholarship | Variable |
| Wili and Ilse Scholarship | £10,000 |
| LunaCap Foundation | $10,000 |
| Mary Ferreira Scholarship | Up to 50% of tuition fees |
| Turk Egitim Vakfi Education Fund | Variable |
| FIDERH Banco de Mexico | Variable |
| Armenian International Womens Association Scholarship | Variable |
| Bain's True North Scholarship | Variable |
| Qalaa Holdings Scholarship Foundation | Variable |
| London Business School MBA Scholarships for Women | Various amounts, from £20,000 up to full fees |
| London Business School MBA Scholarship for UK Women | Up to half fees |
| Lee Kuan Yew Scholarship Fund | Variable |
| Instituto LING - Projeto Start MBA | Variable |
| British Marshall Scholarships | Variable |
| Canadian Federation of University Women Fellowships | Variable |
| Commonwealth Scholarships | 100% of fees plus living costs |
| Black in Business Scholarship | Up to 30% of tuition fees |
| Walpole Scholarship | Up to 50% of tuition fees |
| Estudar Foundation, Brazil | Variable |
| The Narotam Sekhsaria Scholarship Programme | Variable |
| AGBU Scholarship | Variable |
| Tech Disrupt and Transform Scholarship | £50,000 |
| The Desmond Molins Memorial Scholarship for Engineers | £20,000 |
| GMAT Talent & Opportunity Scholarship | 4500 |
| Ajay Arora Scholarship for Indian Students | £50,000 |
| JN Tata Endowment’s Loan Scholarship | Variable |
| Sir Edward Youde Memorial Scholarship for Overseas Studies | $280,000 HKD |
| EUROUT Scholarship | 30% of the Fees |
| E-INFRA Scholarship | Variable |
| 93% Club Scholarship | 30% of fees |
| Transmed Scholarship Program | 100% of tuition |
London Business School MBA: Past Scholarships/Fellowships
The following 33 internal and external LBS scholarships/fellowships mentioned in the table below are offboarded from the LBS scholarships list of 2022-23, 23-24, and 24-25.
Editor’s Note
We have kept the scholarship list so that you can research on your own to find alternative funding options outside LBS’s suggested scholarships and fellowships.
| Scholarships/Fellowships | Awards |
| CAP Social Impact Scholarship | £60,000 |
| University of London Scholars program | £30,000 |
| Kearney Australia New Zealand Women's Scholarship Program | Up to $15,000 |
| Canadian Centennial Scholarship Fund | Variable |
| Hong Kong LBS Alumni Scholarship | Up to £25,000 |
| iSchoolConnect Scholarship | Variable |
| Peace Fellowship | Variable |
| La Caixa Scholarship | Variable |
| Lady Meherbai D. Tata Education Trust Scholarship | Variable |
| Ministry of Presidential Affairs Scholarship | Variable |
| Financial Specialist Scholarship | Variable |
| ADNOC Scholarship Programme | Variable |
| MOF KSA - Custodian of the Two Holy Mosques Scholarship | Variable |
| The Service and Society Scholarship | £50,000 |
| Gribble Family MBA2000 Goldman Sachs Scholarship | £49,000 |
| Elof Hansson Foundation Scholarship | Up to £44,000 |
| London Business School Mexico Scholarship | Up to £35,000 |
| Borrows Scholarship | £35,000 |
| Stolyarenko Scholarship | up to £35,000 |
| UK Military Scholarship | £25,000 |
| Bell-Cohen MBA31 Scholarship | £20,000 |
| Gallifrey Scholarship for Social Enterprise | £20,000 |
| Mark Le Goy Memorial and MBA1997 Scholarship | Up to 50% of first year fees |
| Conacyt Scholarship | Tuition + €990 per month living expenses |
| FUNED (Fundación Mexicana para la Educación) | Variable |
| Luxembourg (CEDIES) | Variable |
| DAAD Indonesia | Variable |
| McKinsey Diverse Young Leaders Scholarship | Variable |
| The Fulbright All Disciplines Award | Variable |
| Becas Conicyt | Variable |
| Wei Family MBA Scholarship | £50,000 |
| Graduating Class Gift 2016 | £30,000 |
| Gov of the Grand Duchy Luxembourg | Variable |
London Business School MBA Program Loans
London Business School offers altogether 18 (previously 15) different loan options for both national and international students.
For 2025-26, three new loans were added-Sallie Mae, FUNED, and Spark Finance, out of which Sallie was discontinued last year but this year resumed again, whereas 1 loan program, which was part of LBS MBA funding sources, was removed.
Some of the mentioned loan opportunities are available for both national and international students. You can go through the mentioned values available for each loan and the eligibility criteria.
| Loans (international and national) | Value |
|---|---|
| Loans (international and national) | Value |
| Lendwise Student Loan | Up to £100,000 |
| US Federal Student Aid | Variable |
| The Social Insurance Institution of Finland | Variable |
| Icelandic Student Loan Fund | Variable |
| Norwegian State Educational Loan Fund | Variable |
| Swedish Board of Student Finance (CSN) | Variable |
| UK Postgraduate Masters Loan | Up to £12,167 |
| Dutch Education Implementation Department | Variable |
| Canadian Student Aid Fund | Variable |
| COLFUTURO | Variable |
| Earnest | Variable |
| ICICI Bank Education Loan | Variable |
| Fundacion Mexicana Para La Educacion La Tecnologia y La Ciencia | £17,000 |
| Juno | Covers living costs and tuition fees |
| Bridge Group | Upto £10,000-£145,000 |
| Prodigy Finance | Up to 100% of course fees. MBA candidates can borrow up to 80% of tuition fees + living costs. |
| Sallie Mae | Variable |
| FUNED | Up to $30,000 USD. Awards comprise of up to 10% scholarship and 90% loan. |
| Spark Finance | Up to 100% of course fees, subject to eligibility. |
London Business School MBA Program: Past Loans
LBS has offboarded 1 loan program from its funding sources list this year i.e., Fundacion Mexicana Para La Educacion La Tecnologia y La Ciencia, which was offered to Mexican nationals. Here is the list of the loan programs LBS has offboarded in the last three years.
| Loans (international and national) | Value |
| German Federal Education and Training Assistance Act (BAföG) | Variable (available for one year) |
| Paras Educational Services | Variable |
| Fundacion Mexicana Para La Educacion La Tecnologia y La Ciencia | £17,000 |
| Future Finance | Up to £25,000 |
Editor’s Note
Loan is a critical part of meeting the gap in funding an MBA. Regardless of the reasons for removing certain partners from the recommended list, we have kept the name, eligibility and amount offered for reference. Choose loans and other long-term financial commitments after consulting a financial advisor.
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