⚠ The published figure is a year behind the class being recruited. LBS prices the MBA at £123,950 and labels it the 2026 intake; applications currently open are for the August 2027 class, and no 2027 rate has been published. Read the £123,950 as a floor rather than a quote. It covers the full programme whatever exit point you take — 15, 18 or 21 months — including core courses, electives and experiential learning, but excludes programme-related travel (the Global Experience destinations vary in cost) and living costs in London. Payment runs through two non-refundable stages deducted from tuition: a £3,500 commitment fee about a month after your offer, then a £6,500 reservation fee due at the end of May, plus a £400 Student Association fee. Tuition can be paid in instalments, one per term. The application itself costs £200 — free for LBS alumni and active military candidates. Read on LBS's own fees and apply pages on 9 September 2026.
Tuition for the London Business School Master of Business Administration is £123,950 — the 2026-intake figure, the latest LBS publishes; no 2027 rate is out yet for the 15 to 21 months (flexible exit) program.
| Total tuition | £123,950 — the 2026-intake figure, the latest LBS publishes; no 2027 rate is out yet |
|---|---|
| Tuition (numeric) | £123,950 |
| Program length | 15 to 21 months (flexible exit) |
Tuition figures are the published rate for the 2026–27 cycle and exclude living costs, travel, and optional exchange fees. Scholarships and need-based aid can materially reduce the net cost — see the FAQs below.
Frequently asked questions
How is the LBS MBA different from the LBS Masters in Management?
Work experience, length and price. The MBA requires a GMAT or GRE and admits people with 5.5 years of experience on average, runs 15 to 21 months, and costs £123,950. The Masters in Management is a pre-experience degree at £52,950. They are separate programmes with separate rankings, and LBS also runs a Masters in Analytics and Management and a One-Year MBA alongside them.
How much does the London Business School MBA cost?
£123,950, though note that is the 2026-intake figure and LBS has not published a rate for the August 2027 class it is currently recruiting, so treat it as a floor. It covers the whole programme whatever exit point you take but excludes programme-related travel and living costs. Add a £3,500 commitment fee and a £6,500 reservation fee — both non-refundable and deducted from tuition — a £400 Student Association fee, and a £200 application fee.
What salary do London Business School MBA graduates earn?
The Class of 2024 employment report gives a mean of £92,228, ranging from £24,000 to £192,000, plus other compensation averaging £42,124 in sign-on and end-of-year bonuses. By sector, consulting means £99,866, finance £92,758 and technology £80,180. LBS reports a mean rather than a median, and excludes sponsored and self-employed students.
Sources
- London Business School — MBA programme page (read 2026-09-09: two-year programme with flexible exit at 15, 18 or 21 months, though students taking the International Exchange cannot exit at 15; Year One business fundamentals and 15 tailored core courses, Year Two 100+ electives plus Global Experience and International Exchange; London campus; GMAT or GRE required; '#4 MBA in the world ranked by the Financial Times' with no year stated; applications for the MBA2027 class open. No tuition figure, intake date, class size, average age, salary or dated deadline is published on this page.) ↗ — London Business School
- London Business School — MBA fees, financing and scholarships (read 2026-09-09: tuition £123,950 labelled the 2026 intake, covering the full 15–21 month programme whatever the exit point, including core courses, electives and experiential learning but EXCLUDING programme-related travel and living costs; commitment fee £3,500 due about a month after offer; reservation fee £6,500 due end of May; both non-refundable and deducted from tuition; Student Association fee £400; instalments available one per term; Laidlaw Women's Leadership Fund named with no value. NO fee is published for a later intake, and no application fee, living-cost estimate or named scholarship values appear on this page.) ↗ — London Business School
- London Business School — MBA how to apply (read 2026-09-09: three application rounds each year with dates held on a separate Application Calendar and NOT published on this page, all deadlines 17:00 UK time; 'applications for the August 2027 intake will open later in August 2026'; application fee £200, free to LBS alumni and active military candidates; three essays of 500, 200 and an optional 500 words, one-page CV, referee details and a professional reference, transcripts, GMAT or GRE less than five years old, English test where applicable; 'the minimum score we will accept is usually around 555'; average class GMAT around 645 with a typical class range of 555 to 805; GRE over 160 in both verbal and quantitative; IELTS, TOEFL, Cambridge CPE/CAE, PTE Academic or Duolingo accepted with NO minimum scores published; average work experience 5.5 years, and admission may be granted under three years with superior academic credentials; interviews conducted by alumni or senior admissions staff in the applicant's region.) ↗ — London Business School
- London Business School — Who attends, MBA class profile (read 2026-09-09: MBA2027 class of 514 students, 44% women, 66 nationalities, average work experience 5.5 years; regional split Central/South America 20%, North America 17%, South/East Asia 15%, South Asia 15%, Europe 11%, UK 9%, Middle East 6%, Oceania 4%, Africa 3%. NO average age, percentage international, work-experience range or GMAT figure is published for this class.) ↗ — London Business School
- London Business School — MBA career impact (read 2026-09-09: MBA Class of 2025 — 86% accepted an offer within three months of graduation, 88% received an offer within three months, 98% reporting rate; post-programme locations UK 43%, South East/East Asia 12%, North America 12%, Africa/Middle East 11%, Latin America 10%, Europe 8%, other 4%; Amazon, Google, McKinsey, Morgan Stanley and Nike named as example employers. NO salary figure, salary increase or sector breakdown is published on this page.) ↗ — London Business School
- London Business School — MBA Employment Report, Graduating Class of 2024, 19pp (read 2026-09-09 via npm run pdf:text, sha256:c828a3eb582ac581: 86% accepted and 87% received an offer within three months of graduation, 100% reporting rate, 22 graduates started their own business; MBA2024 class profile of 502 students, average age 28, 37% female, 94% international, 74 nationalities, six years average work experience across a 2-to-13-year range; salary by industry in UK pounds, US dollars and PPP international dollars — OVERALL mean £92,228, max £192,000, min £24,000, with other compensation mean £42,124 covering sign-on and end-of-year bonus; consulting mean £99,866, finance £92,758, technology £80,180, investment management £109,902, investment banking £102,260, private equity £79,560, venture capital £92,722, real estate £90,675; sector destinations consulting 26%, finance 24%, technology 11%; salary data excludes sponsored and self-employed students in accordance with MBA CSEA guidelines and is reported as a mean, not a median.) ↗ — London Business School