LBS vs. Cambridge MBA (Curriculum, Post-MBA Salary & Scholarships)

Read the first part of our Comparative analysis between London Business School MBA program and Judge Business School Cambridge MBA where we compare the two programs on Location, Class Profile, Pre-MBA industry and Cost.

In the 2nd Part of the series, we compare the two MBA programs on Curriculum Structure, Scholarship Options, and Post-MBA Salary.


Cambridge MBA is the only top MBA program in the UK to offer concentrations in Culture, Arts and Media Management, Digital Transformation, Energy & Environment, Entrepreneurship, Finance, Global Business, Healthcare Strategies, Marketing, Social Innovation and Strategy – aligning the curriculum with the demand of the traditional job market, while Energy & Environment, Healthcare Strategies, and Social Innovation are designed for candidates interested in the industry as a consultant.

London Business School doesn’t have concentrations, but the program offers greater flexibility at the Core level by dividing the courses into Core and Tailored core.

The traditional core at LBS MBA covers General Management, Data Analytics, Accounting, Marketing, Strategy, Corporate Finance, Organizational Behavior, and Leading Ethically with an experiential learning component - GLAM (Global Leadership Assessment for Managers) included in the first part of the program itself. The tailored core covers the knowledge required for functional skills in Marketing, Value Chain Management, Financial Reporting, Entrepreneurship and Business Analytics.

The team at Cambridge has looked at all the critical success factors of a business: Managing cost, Strategy, Marketing, Operations, Accounting, Finance and Digital, before translating them to core courses. Entrepreneurship at the core is another unique feature of the MBA program. The exposure gives students the insight to access opportunity and act quickly on it – a trait that is essential to stay competitive in an established or a start-up environment.

Experiential Learning: Both the MBA programs offer four experiential learning opportunities with London Business School leveraging London’s leadership in Finance with the LondonCAP program, while also giving students who want to work outside the UK with the Global Business Experiences project.

Cambridge MBA, on the other hand, develops the post-MBA functional skills in Consulting with the Cambridge Venture Project and the Global Consulting project – the former helping small Business locally and the later taking the team to multinational companies around the world. Rest of the experiential learning for each concentration is met through simulations (Board Room Simulations) where students learn to think like a key decision maker in the organization.

Both the program offer internship opportunities but with London’s strength in Finance and the flexibility of the 12-15 and 18-month program, the effectiveness of LBS MBA in an internship is much more pronounced. The LondonCAP widens the student’s understanding of London as a post-MBA destination for Financial Services, FinTech and Management Consulting.

Concentrations: Cambridge MBA > LBS MBA
Core Flexibility: LBS MBA > Cambridge MBA
Breadth of Knowledge: Cambridge MBA > LBS MBA
Relevance of Core: LBS MBA = Cambridge MBA
Entrepreneurship: Cambridge MBA > LBS MBA
Effectiveness of Internship: LBS MBA > Cambridge MBA

For a detailed analysis of the two curricula, Download F1GMAT’s MBA in the UK (2018) - Industry Analysis, MBA Comparison and Funding

Post-MBA Salary

Even though the popular opinion among MBA applicants is that London Business School’s strength is in Finance, Consulting offers were the most popular for the 2017 Graduating class with 41% of them choosing the industry. The mean base salary in $ adjusted for purchasing power parity was at $142,262, followed by Finance ($123,977) and Industry ($128,518). Even though Technology was at fourth, 20% of the class accepted offers in the sector. Most of the niche within Technology was in Internet/E-Commerce with 3% choosing FinTech.
Although the Cambridge MBA class found Finance as the most lucrative industry, driven by the proximity to London, consulting (19%), technology (20%) and Internet/E-Commerce (11%) were slowly taking away a larger share of the talent from the candidate pool.

Interestingly, post-MBA offers in Asia were the most lucrative, earning students, $167,612 mean base salary while Europe and UK were at the bottom of the remuneration list

Consulting: LBS MBA > Cambridge MBA
Finance: LBS MBA > Cambridge MBA
FinTech: LBS MBA > Cambridge MBA
Post-MBA Salary (Finance): Cambridge MBA > LBS MBA
Post-MBA Salary (Management Consulting): LBS MBA > Cambridge MBA

Download the Detailed analysis of Post-MBA trends in the UK

Scholarship Options

From the 30 scholarships, London Business School offers 13 on Merit, 7 for women, and the remaining based on the sectors MBAs would work. Two scholarships - the London Business School Fund scholarship and the SARI foundation Trust scholarship covers Full tuition fee (£78,500).

In comparison, Cambridge Judge School of Business offers 23 scholarships for the MBA program with 12 categorized under Merit. The Gate Cambridge and the Cambridge MBA Trust scholarships were the most lucrative with the fund covering tuition fee and living expenses.

LBS MBA has more scholarships and the most common awards range from £20,000 to £39,250 while Cambridge MBA’s most offered scholarships are in the £10,000 range.

On merit and sector-based scholarships, the two programs offer nearly the same number of awards. On nationality and Entrepreneurship, Cambridge offers a wider option whereas LBS clearly encourages women applicants with the 7 scholarship awards in the £20,000 to £50,000 range.

Scholarship Amount:
LBS MBA > Cambridge MBA
Number of Awards: LBS MBA > Cambridge MBA
Scholarship (Entrepreneurship): Cambridge MBA > LBS MBA
Scholarship (By nationality): Cambridge MBA > LBS MBA
Scholarship (Women): LBS MBA > Cambridge MBA

For the snapshot of the scholarships with the Name, Amount, Criteria and the number of Awards, Download F1GMAT’s MBA in the UK (PDF).

Post-MBA Salary (Industry)LBS MBA**Cambridge MBA*
Consulting 142262 (41%)125,164 (19%)
Finance 123977 (26%)136220(25%)
Technology 120197 (20%)NA
Fintech118423 (3%)NA
* Median Base Salary** Mean Base Salary
ScholarshipsLBS MBACambridge MBA
Common Award
CurriculumLBS MBACambridge MBA
Core 1117
Tailored Core11NA
Experiential Learning44
LondonCAPCambridge Venture Project
Live Business ProjectGlobal Consulting Project
InternshipsBoard Room Simulations (Concentrations)
Global Business ExperiencesSummer Project (Internship, Case Writing or Research)

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