Spotlight on London Business School

Prodigy finance Logo

Prodigy Finance - June, 08 2021

7 min read

About the author

At Prodigy Finance, we're committed to helping international talent to achieve their education dreams. We offer international student loans to qualified individuals attending top master's programmes in the US.

From its founding in 1964, London Business School has always been forward-thinking and an exceptional institution. With partnerships across the world, students can expect an incredibly international experience both in and outside of London.

As one of the first schools to accept Prodigy Finance loans from qualified international students, LBS, the school clearly demonstrates its belief in borderless talent and the power of diversity, collaboration and inclusive education.

London Business School fast facts

Public university

University enrollment: 2305

Living alumni: 45,000+ alumni across 155 countries

International students: +/- 90%

Where is London Business School?

City: London, England

City population: 8.908 million, with a metropolitan population of 9.426 million

Climate: Temperate oceanic climate type: winters are cold (Jan mean: 6.8°C/44.2°F) with moderate precipitation; summers are cool to warm (Jul mean: 19.6°C/67.3°F)

Nearest airport:

  • Heathrow (LHR)
  • Gatwick (LGW)
  • Luton (LTN)
  • Stansted (STN)
  • City (LCY)
  • Southend (SEN)

Time zone: GMT from November-March (GMT 0); DST from March-November (GMT-1)

A quick look at the latest MBA class

MBA students: 532

International MBA students: 89%

MBA countries represented: 66

Average work experience: 5.5 years

Average GMAT score: 708

Female MBAs: 36%

What can you study at London Business School?

LBS consistently ranks within the top 10 global MBA programmes according to the Financial Times. The London Business School MiM and MiF programmes share similarly high rankings… year after year.

Degree

Duration

Tuition fee

Degree

MBA

Duration

15, 18 or 21 months

Tuition fee

£92,735

Degree

Executive MBA

Duration

20 months

Tuition fee

London stream: £103,400

Dubai stream: US$131,200

Degree

EMBA-Global

Duration

20 months

Tuition fee

US$209,800

Degree

LBS Sloan Masters in Leadership and Strategy

Duration

12 months

Tuition fee

£77,300

Degree

Masters in Analytics and Management

Duration

16 months

Tuition fee

£36,600

Degree

Masters in Finance

Duration

10-16 months or 22 months

Tuition fee

£50,100

Degree

Masters in Financial Analysis

Duration

12 - 16 months

Tuition fee

£37,900

Degree

Masters in Management

Duration

12 - 16 months

Tuition fee

£36,600

Degree

Global Masters in Management

Duration

24 months

Tuition fee

£36,600 + RMB 100,000

LBS job placement

London Business School boasts strong post-MBA career statistics and the Career Centre works closely with students and recruiters to ensure both groups are offered the best opportunities. Whatever assistance you need, the Career Centre is there to assist.

You’ll have access to experiential treks, networking events, internships and plenty of on-campus recruiting exercises.

Entrepreneurs can expect similarly strong support through the school’s many startup networks and channels (not to mention the classroom itself).

90% : MBAs accepting jobs offer in 4 months of grad

£133,000 : mean salary for MBAs graduating in 2021

42% of MBAs accepted UK job offers

Apart from the MBA programme, other programmes including the LBS Executive MBA degree also boast strong placement statistics.

What’s it like to live at London Business School?

London is one of the most diverse, vibrant cities in the world and you won’t have any difficulty making the most of it during your time at LBS. Take a look at this article that details London Business School’s living expenses estimate and how best to manage your finances.

First, you’ll need to find a place to live. The LBS website offers plenty of tips in terms of neighbourhoods and rental tips. Most students opt for off-campus living, choosing instead to rent flats with their classmates.

Once you’re accepted, it’s a good idea to start reaching out through the forums and student groups and begin looking for places together. If you wait until you arrive in London, you’ll pay a small fortune for temporary housing while you look for a place to live. Go through this article on London Business School’s accommodation tips for its students to see what options the school recommends.

Though there are many restaurants, takeaways and food trucks to try, aim to prepare as many meals as you can at home if you’re looking to save a few bucks. And, remember a tradeoff on rental costs could increase your transportation costs.

Of course, you don’t need any tips on how to enjoy London, but you may be interested in the experiences of these LBS graduates and Prodigy Finance borrowers:

They offer plenty of advice and insights to make your experiences affordable and memorable. Or, perhaps peak into Vinni’s LBS journey in this video:

How to get into London Business School

As you would imagine, LBS receives applications from the best and the brightest - making it simultaneously easier and more difficult on the admissions committees to put together the best possible MBA classes. Forbes estimates the London Business School acceptance rate to be about 20%, and considering that you’ll be facing stiff competition, you need to pay attention to every aspect of your application if you want a seat in the next MBA class.

Although candidates have numerous electives to choose between (effectively allowing for bespoke MBAs), each one will be put through rigorous quantitative work. Your ability to cope with these demands is best shown through your GMAT test results. If this isn’t naturally a strength area for you, plan to put in extra hours to achieve the best score possible.

Of course, this is only one aspect of your application; LBS, like all top MBA schools, looks beyond test scores for well-rounded applicants.

Demonstration of an international and collaborative mindset are critical, though you needn’t have years of experience in another country - you’ll get plenty during your time at LBS. But you should still demonstrate your willingness and excitement to experience more of the world and your understanding of multicultural environments and how you’ll contribute to and thrive in one.

Remember too that LBS has a strong social responsibility and impact culture - and they’re looking for candidates that can look past business school and into positive changes individuals can have on the world they help transform.

Finally, while it’s not a requirement, it’s not unhelpful to make yourself known to school recruiters and admissions teams, whether you do so on campus or in your home country. If you’re considering LBS, you’ll want to meet up with people where you can.

LBS application deadlines: 2024 MBA class

Apply by

Interview decision

Final decision

Round 1

Apply by

10 September 2021

Interview decision

14 October 2021

Final decision

02 December 2021

Round 2

Apply by

6 January 2022

Interview decision

10 February 2022

Final decision

7 April 2022

Round 3

Apply by

25 March 2022

Interview decision

28 April 2022

Final decision

10 June 2022

London Business School MBA fees and admissions details

Application fee: £200

Minimum work experience: 2 years

Required essays: 2

Recommendations: 2

GMAT test: required, 600 min score

Language test: required for non-native English speakers; waivers are available; IELTS, TOEFL, Cambridge CPE, CAE or PTE Academic scores are accepted

Take a look at these tips to help you ace your London Business School MBA essays.

MBA cost of attendance (for 2021 intake)

Tuition: £92,735

Student association fee: £270

Rent* : £14,544

Food: £4,662

Transportation* : £2052

Study materials* : £540

Personal Expenses: £3,294

Estimated CoA for 18 months: £118,097

TIP: London Business School’s admissions blog suggests flat sharing and preparing meals yourself as a way to save some money for more important budget items. There are also a limited number of University of London housing assignments available at even more reduced rates.
If LBS is your dream school, but you don’t have the dream budget to match, you may want to consider this approach so you have money to spend on study trips and networking excursions.

Video placeholder image

Does LBS offer scholarships to international students?

Yes! Not only are scholarships available, LBS does an outstanding job of communicating opportunities through their website. While these funds aren’t a guarantee, LBS does suggest applying as early as possible to ensure you’re considered for relevant scholarships.

In addition to LBS scholarships open to all students, there are a number available to specific groups or individuals based on country of origin, gender and sector. You may** automatically qualify** for these funds while others require additional steps (such as business proposals or essay submissions).

Check your options early and don’t neglect the LBS-provided links to external scholarships for your best shot at obtaining much-needed scholarship funds to pursue your degree.

Prodigy Finance international student loans for London Business School

Prodigy Finance offers loans for international masters students pursuing these degrees at London Business School:

  • MBA
  • Masters in Analytics and Management
  • Masters in Finance
  • Masters in Financial Analysis Masters in Management
  • Sloan Masters in Leadership
  • All EMBA programmes

Students from supported countries are eligible to apply.

  • Maximum MBA loan amount: up to 80% of the school-provided cost of attendance (tuition plus living expenses)
  • Maximum loan amount for other full-time students: up to 100% of the school-provided tuition
  • Minimum loan amount: £10,000 or $15,000
  • Loans available in: GBP or USD
  • All loans disbursed directly to the university according to due dates

Curious to know what you could earn in the long run?

Studying abroad is an investment, and it’s important to know the return on investment of your masters degree. There’s a lot to consider, so we’ve put together a calculator which will help you estimate the potential returns over 20 years. Use our calculator to find out how much you could earn.

Ready to transform your future with a MBA from LBS?

Prodigy Finance provides loans to international masters students pursuing their masters degrees at London Business School.

If you want to go ahead and know the difference between master of science and master of engineering, or if you want to know what and where to study, try our Study Centre which is filled with expert opinions on a range of topics.

For any other information about Prodigy Finance, or our student loan process, feel free to browse through our site, or register for a webinar to have your questions answered by one of our team.

Image of webinar host
Image of webinar host

Talk to us

Wednesday & Friday 12 pm (GMT) | 5:30 pm (IST)
Hosts: Sive and Shane

Join webinar
Download our mobile app

© Prodigy Finance Limited 2007 - 2022. All Rights Reserved. Prodigy Finance Limited is incorporated in the United Kingdom (Company Number 05912562) with its registered address at 85 Great Portland Street, London, W1W 7LT and registered with the Office of the Information Commissioner (Reg. No. Z9851854). Prodigy Finance is authorised and regulated by the Financial Conduct Authority (firm registration number 709641) for certain consumer credit activities. Prodigy Finance loans are offered to eligible borrowers and these loans are governed by English law.