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At London Business School, we prioritize openness and ensuring that your investment is worthwhile. Our Master's in International Business program is designed to thoroughly prepare you with the skills and knowledge needed for success in international business. In terms of tuition, our goal is to offer competitive fees without compromising on educational excellence. We encourage you to review the fee structure for the LBS MIM program to get a clear picture of the financial commitment involved in this transformative educational experience.
LBS MIM Tuition Fees
Tuition fees for the 2023 MIM intake at LBS are £44,900.
The London Business School MIM program tuition fee for the 2023 MIM intake is £44,900. 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.
| Fees (Component) | Cost (£) |
| tution fees | £44,900 |
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
1. Accommodation
Students' expense of accommodation can be a hefty burden, and LBS has several solutions to help alleviate this cost. From shared flats to sole occupancy in student halls - the fees vary accordingly! On average, it takes approximately £9,000 per annum to maintain a single room within its student accommodations.
2. Food
Students should be mindful of their budget when looking into food expenses. With an average expenditure of around £2500-3000 per month, it's vital to make sure that they have access to adequate and affordable options on campus.
3. Transportation
The financial burden of travel can vary greatly depending on where a student lives, their chosen mode of transportation, and frequency. For instance, a monthly pass for the London Underground may set one back upwards of £65 while buses and cycling may be less costly alternatives.
4. Utility
Electricity, water, and internet services will all come with their own costs. These are separate from the standard London Business School MIM fees. On average, utilities typically run between £150-£200 per month.
| Expense Type | Estimated Annual Cost (£) |
| Tuition fees | £44,900 |
| Accommodation | £ 9,000 |
| Food | £ 3,000 |
| Utility | £150-£200 |
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 is dedicated to assisting students of all financial backgrounds. Upon admission, students are automatically considered for a range of scholarships. These scholarships are designed to support various groups of students and recognize different academic achievements.
- Forté Foundation Fellowships
- The London Business School India Scholarship
- 30% Club Scholarship for Women
- The Aditya Birla Scholarship
- Inlaks Shivdasani Foundation Scholarship
- Narotam Sekhsaria Foundation Scholarship
- Tata Scholarship
Financial aid & loan options
In addition to scholarships, London Business School offers guidance and support in finding loan options to help cover the costs of its MIM program. Students have access to a variety of loan programs, both international and domestic, which come with competitive interest rates and flexible repayment conditions.
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
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.
