LBS MIM Fees 2025: Tuition, Scholarships & Living Costs

A Complete Guide to Tuition, Living Costs, and Scholarship Opportunities

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LBS MIM Fees 2025: Tuition, Scholarships & Living Costs

5 minutes

Introduction
What Are the LBS MIM Tuition Fees?
- What your tuition fee includes
Navigating Living Expenses in London
Scholarships & Financial Aid at LBS
Opportunities for Part-Time Work
- Understanding the legalities

🎯Key Takeaways – London Business School MiM

💰 Tuition: Fees for 2025 are £49,950 plus a £190 Student Association Fee

🏠 Living Costs: Estimated annual living expenses range from £15,000 to £18,000

🎓 Class Profile: 294 students from 55+ countries; average age is 23 years

💵 Career Outcomes: MiM grads earn an average salary of £85,000 in consulting and finance

Introduction

London Business School (LBS) is among the world’s top business schools, offering a globally recognized Master in Management (MiM) program that equips young professionals with strong business skills and international exposure.

If you’re planning to apply, understanding the London Business School MiM fees and related costs is essential. For the 2025–26 intake, tuition stands at £47,500. Graduates report a median salary of £45,000 within three months, with 96% securing job offers across consulting, finance, and technology, ensuring strong career returns.

What Are the LBS MIM Tuition Fees?

Tuition fees for the 2025 MIM intake at LBS are £49,950.

The London Business School MIM program tuition fee for the 2025 MIM intake is £49,950. This sum accounts for all expenses associated with enrolling at the school-including tuition and course materials as well as accessing career services offered by their institution. Students should also consider all other financial obligations they may face while living in London.

The number may look big but remember this investment is not just a cost but a stepping stone towards unparalleled career opportunities in the global business landscape.

What your tuition fee includes

This London Business School tuition fee covers more than just the academic courses. It encompasses access to the school's state-of-the-art facilities, extensive career services, and a range of extracurricular activities and clubs. This holistic approach ensures that students gain not only academic knowledge but also practical skills and a robust professional network.

NOTE: The tuition fee covers the full length of the 12-16-month program and is not affected by your chosen exit point.

Navigating Living Expenses in London

Living in London as a MiM student means balancing quality of life with smart financial choices. Accommodation is typically the largest expense, especially in central zones. Sharing flats or staying in university residences can help lower housing costs.

Food and groceries are manageable with campus options and budget-friendly supermarkets. For daily commuting, students often use the Tube or buses with discounted student passes. Utility bills—including internet—are extra, but predictable if you're sharing with roommates.

Expense Type	Estimated Annual Cost (£)
Accommodation	£15,000–£18,000
Food & Groceries	£3,000–£3,500
Transport (Zone 1–3)	£1,200–£1,500
Utilities & Internet	£1,500–£2,000
Total Estimated	£21,000–£25,000

Indian students seeking admission to a London Business School MIM program should plan on spending at least Rs. 20,000-25,000 per annum for their living expenses. It is crucial to do research and make allowances when preparing for London Business School MIM fees so that one can have an affordable yet comfortable experience during the course of study.

Scholarships & Financial Aid at LBS

London Business School offers several scholarships to support exceptional candidates applying to the Master in Management (MiM) program. These awards are based on academic merit, leadership potential, and diversity goals.

1. Masters in Management Merit Scholarship

Eligibility: All successful MiM applicants are automatically considered.
Coverage: Up to £20,000 toward tuition fees.
Criteria: Academic excellence, leadership potential, and contribution to the LBS community

2. Laidlaw Women’s Leadership Fund

Eligibility: All successful MiM applicants are automatically considered.
Coverage: Up to £20,000 toward tuition fees.
Criteria: Academic excellence, leadership potential, and contribution to the LBS community

3. Laidlaw Women’s Leadership Fund

Eligibility: Female candidates with strong leadership profiles.
Coverage: Full tuition fee for up to 4 women in the MiM program.
Goal: Increase representation of women in senior leadership role

4. LBS India Scholarship

Eligibility: High-achieving Indian nationals applying to MiM.
Coverage: Varies; typically partial tuition support.
Criteria: Academic merit and leadership promise

5. Need-Based Awards

Eligibility: Applicants demonstrating financial need.
Coverage: Partial funding; amount varies.
Application: May require additional documentation or essay.

Opportunities for Part-Time Work

International students are permitted to work for up to 20 hours per week while their academic term is in session. This provision is particularly beneficial for those studying at top MIM (Masters in Management best colleges in UK), as it offers both financial support and the opportunity to acquire practical work experience. There are various job opportunities available for students in this context.

On-campus roles like research assistants or library staff.
Hospitality roles such as waitstaff or baristas.
Retail positions in local stores or shopping centers.
Tutoring can also enhance academic understanding.

It is vital to understand that working part-time while pursuing an education should not hamper one's academic performance even to reduce London Business School MIM fees. Before taking any action and getting ahead, it is wise to consult with the university career services office for possible job opportunities and associated visa regulations.

Understanding the legalities

Understanding the legalities of working in the UK as an international student is vital. It's important for Indian students to comply with the work-hour limits set by their visa to maintain their student status while studying for an MIM in the UK. This includes being familiar with the specific rules and regulations that apply to them as students from their home universities in India.

Students can work up to 20 hours per week during term time
Students can work full-time during vacations
Students can take up part-time jobs, internships, and work placements while studying
The minimum wage for students aged 18-20 is £6.56 per hour and for those aged 21 and over, it is £8.36 per hour

Students are prohibited from engaging as professional athletes or coaches. Students must possess a valid student visa and must be enrolled in an accredited course at an official institution to avoid breaching UK immigration laws

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Conclusion

Pursuing a Master in Management program at London Business School is an enriching educational journey, yet it's important for students, particularly those from India, to be aware of the various financial aspects involved. This includes understanding the LBS MIM tuition fees, living costs, scholarship opportunities, the potential return on investment, availability of part-time work, and the limitations on work hours as per visa regulations. Through thorough planning and leveraging different financial options, Indian students can make their LBS MiM experience both economically feasible and beneficial for their educational and career growth.

How much is the tuition fee for LBS MiM (2025 intake)?

The tuition fee for LBS MiM for 2025 intake £49,950.

Are there any additional mandatory fees besides tuition?

Yes, there’s a Student Association (SA) fee of about £190.

Can the tuition fee be paid in instalments?

Yes, you typically have an option to pay in two instalments before the end of Term 1 (deadlines usually around September and December), or pay full at the start.

Is financial aid or scholarship available?

Yes, LBS offers merit-based scholarships, automatic consideration for admitted students, specific funds like the Laidlaw Women’s Leadership Fund, etc.

Is the fee for international students different?

No, he fee for the MiM is the same for domestic and international students.

Know Your Author

Abhyank Srinet

Study Abroad Expert

Abhyank Srinet, the founder of MiM-Essay, is a globally recognized expert in study abroad and admission consulting. His passion is helping students navigate the complex world of admissions and achieve their academic dreams. Abhyank earned a Master's degree in Management from ESCP Europe, where he developed his skills in data-driven marketing strategies, driving growth in some of the most competitive industries.

Abhyank has helped over 10,000+ students get into top business schools with a 98% success rate over the last seven years. He and his team offer thorough research, careful shortlisting, and efficient application management from a single platform.

His dedication to education also led him to create MentR-Me, an AI-powered platform that offers personalized guidance and resources, including profile evaluation, application assistance, and mentoring from alumni of top global institutions.

Continuously adopting the latest strategies, Abhyank is committed to ensuring that his clients receive the most effective guidance. His profound insights, extensive experience, and unwavering dedication have helped his clients securing of over 100 crores in scholarships, making him an invaluable asset for individuals aiming to advance their education and careers and leading both his ventures to seven-figure revenues.