The LBS Advantage
Choosing The Right MBA
FTMBA
18 months
September
Physical
₦‎ 8,316,000Full-time MBA
Develop the globally relevant and competitive skills required to succeed in emerging economies, with the 2 years LBS Full-Time MBA (FTMBA). This programme is ideal for professionals and entrepreneurs with a minimum of 3 years of experience. This MBA offers participants a detailed understanding of doing business within dynamic and complex markets across Africa and the world. Our award-winning faculty provides a practical approach to learning, using real-life African and international case studies and interactive sessions between participants and facilitators.
Executive MBA
Gain new management perspectives with the Executive MBA (EMBA). This programme is for high-potential executives, senior managers, and entrepreneurs who want to significantly accelerate their careers or business growth, and network with top executives across Africa. The EMBA is ideal for candidates with a minimum of 7 years of work experience and a minimum of 3 years of managerial experience, who require the increased flexibility of learning beyond what is provided by the full-time MBA. The optional international immersion trips are designed to offer exposure to global business management and trade, boosting possible business alliances for participants.
Modular Executive MBA
Strengthen your leadership and managerial competencies to attain higher levels of responsibility and leadership. Expand your network and prepare for a more successful and impactful career or entrepreneurial journey with the Modular Executive MBA (MEMBA). It is a flexible online blended programme designed for busy professionals, executives, and business leaders seeking quality management education without having to take a career or business break. The programme is more than a degree. It takes participants on a transformational journey, providing global experiences through our international module, and practical experiences from local consulting projects.
Modular MBA
Take the next step in your professional journey, enhancing your career or business with passion and purpose, through the Modular MBA (MMBA). This programme is designed for candidates with a minimum of 3 years of work or entrepreneurial experience who require the increased flexibility to combine their work or business with their MBA. It is the perfect choice for young professionals with leadership aspirations and a strong entrepreneurial drive, teaching you critical thinking and problem-solving to grow your leadership and managerial capacity. It offers the unmatched benefit of simultaneously learning and applying the best management practices to your career or business.
Apply in 4 Easy Steps
Take the optional online assessment
Find out which MBA is ideal for you
Complete an application form online
We have rolling application deadlines and you should have an admission decision within 6 weeks
Take the LBS test or submit your GMAT, and/or any other eligible results
We will contact you for an interview as part of the application process.Attend the LBS interview session
This is the final stage of our admissions process
What Our Students Say
Attending LBS and becoming a member of the alumni plugs you into a rich network of corporate players, professionals and entrepreneurs in Nigeria. The depth and breadth of the alumni association is amazing. With almost 8,000 members, it is the type of company that you would want to keep and a place that you want to be.
I was elected as a member of Beta Gamma Sigma, the highest honour that any business student in the world can achieve. I was also privileged to be elected as a pioneer president of the Lagos Chapter. I am convinced that I would never have been able to achieve this feat without my LBS experience.
Going to LBS and going through all the classes, it all made sense to me. The rich dialogue with the faculty during classes and the conversations in class was better for me as it stirred me. LBS was different and prepared me for my career choices. I also got recruited into my current organisation from the Career Fair at LBS.
Prior to LBS, I had a background in Pharmacy. LBS was an eye opener, taking me out of my comfort zone and stretching my ways of thinking. I was a bit apprehensive at the beginning, but had an open mind. It has been a great experience and my career has taken a totally different upward trajectory and I’m glad for it.
The course content was rich and the delivery was effective. There was a unique blend of global and local perspectives.
The GNAM network helps us as business leaders to understand the opportunities and trends from other countries. GNAM gives an opportunity for knowledge transfer.
My EMBA experience has been extremely impactful. It has enabled me to achieve my goal of becoming the Managing Director of a financial institution.
The MBA stretches you to gain leadership skills..you are able to take on just about any challenge in the workplace.
The EMBA experience is invaluable. I have become a change agent in my organisation and have earned several commendations.
FAQs
General
Admission
Fees & Scholarship
Life At LBS
Career OpportunitiesWhat are the benefits of studying at LBS?
LBS has a practical approach to learning with real-life case studies and application, with teaching and research curricula that are geared to industry and ethical best practices. Our management education is tailored to the needs of the African market but allows you to be competitive on the global stage.
How are the programmes graded?
All of LBS programmes are graded by faculty.
Are there advantages of a full-time MBA over the other MBAs?
The Full-time programme is for young professionals with at least 3 years of work experience looking to boost their career and increase their earning potential. They are available to attend classes full-time during the 18 month period of their programme. All MBA students go through the same curriculum, the major difference lies in the duration and timeline of the programmes. All our MBA programmes are optimally designed to suit students at various life stages. You get full value regardless of whichever programme you decide to enrol in.
Can I tailor my MBA?
The LBS MBA equips participants with a thorough knowledge of main business disciplines, analytical competencies and problem-solving capabilities. MBA students are required to offer all courses in their first year but have options of picking specilaised electives in their second year.
How long does the programme last?
Full-time MBA: 18 monthsÂ
Modular MBA: 24 months
Executive MBA: 24 months
Modular MBA: 24 months
What courses/modules are offered?
The MBA programme is a generalist MBA, meaning it’s not specialised in any particular area. It is a business MBA that equips participants with a thorough knowledge of main business disciplines, analytical competencies, and problem-solving capabilities. Focus includes:
- Strategy, entrepreneurship, social and political environment of business and business law
- Operations, Marketing, Information Systems
- Organisational Behaviour, Management Communication, Negotiation HRM
- General (Business Ethics and Decision Analysis).
How many intakes does LBS have each year?
LBS has 4 intakes: 2 in January, 1 in August and September
Does owning or managing my own business count as work experience?
Yes. Full-time and Modular MBAs require 3 years of work/entrepreneurial experience while Executive and Modular Executive MBAs require 7 years of work/entrepreneurial experience with a minimum of 3 years managerial experience.
Can I apply even without having a business background?
Yes, you don’t need a business degree or previous business experience to apply for our MBA programme. We have had successful applicants from diverse professional and academic backgrounds including law, life sciences, medicine and the arts. All we require is that you fulfil all application eligibility criteria, as we consider your past experience and performance when assessing your application.
What is the LBS MBA readiness assessment test?
The LBS MBA readiness assessment test is an optional test designed to help participants know which MBA programme they are best suited for and which is tailored specifically to meet their needs and schedule.
Is LBS affiliated with any foreign learning institutions?
The LBS partners with some foreign business schools like- University of Bocconi (Italy), Ipade Business School (Mexico), Neoma Business School (France), IESE Business School (Spain), Indian Institute of Management (India), IESEG School of Business (France), Graduate School of Business Cape Town (South Africa), Smith School of Business (Canada), Nanyang Business School (Singapore), MIDE Business School (Cote d’Ãvorie), EBS University (Germany), Gordon Institute of Business Science (South Africa), Strathmore Business School (Kenya), University of Dubai (UAE).
What is the language of instruction at LBS?
English is the primary language of instruction at LBS.
Do I need to provide proof of fluency in English, if English is not my native language?
No, you do not. A credit in English language in your O’level result or its equivalent will suffice.
Can I stop the programme halfway through and continue it later?
Yes, the programme can be stopped halfway through and deferred to a later date, but the admission offices and administrators should be properly informed to guide you through the process.
What methods of teaching are employed?
Education at LBS is comprehensive, drawing on the experiences of a multinational faculty and participants. Learning is participant-centred. The LBS MBAÂ Programme employs a variety of case methodologies, simulations, group learning, and roleplays.
What is the timeline for applying for an MBA programme?
Full-time MBA: Application starts in January and ends in August every year.
Modular MBA: The application starts in March and ends in December every year.
Executive MBA: The application starts in March and ends in December every year.
Modular Executive MBA: The application starts in September and ends in June every year.
What type of tests are required to apply?
Full-Time MBA and Modular MBA applicants must take either GRE, GMAT, ESA, or NMAT, while Executive MBA and Modular Executive MBA applicants must take either GRE, GMAT, ESA, NMAT or the LBS entrance exam.
Does LBS accept transfers from other schools?
Not at this time, LBS doesn’t currently accept transfers from other schools.
How many years of work experience do I need to be admitted?
This would depend on the programme that has been chosen. We require a minimum of 3 years experience for the Full time and Modular MBAs and 7 years for the Executive and Modular Executive MBAs.
Are there any age restrictions for applications?
Not at all. There are no age restrictions. We only recommend that if you have above 10 years of post-graduate work experience, you apply for either of the Executive MBAs. In the Executive programme, you will have the opportunity to learn and collaborate with your peers in a more experienced group.
Can I apply online?
Yes, you can. Applications are primarily online.
What should I do if I experience technical challenges during my application?
The admissions officers are always on ground to help you through the application process. Reach out to them once you encounter a problem.
How can I check if my online application has been received?
The candidate will get a mail and will also be reached out to by an admissions officer.
Will you provide feedback on an unsuccessful application?
Yes, feedback will be provided.
If my application was unsuccessful, may I reapply?
You are free to reapply if your application was unsuccessful.
Can I apply without an undergraduate degree?
No, you can’t. The first degree is one of the admissions requirement to get into LBS.
Is there a minimum score for applying for the GRE, GMAT or NMAT?
GRE: 270
GMAT: 570
NMAT: 170
I have taken the GMAT more than once. Which score would you consider?
Always submit your best score.
Can I apply before taking the GMAT?
Yes, you can.
Is there an interview required for admission?
Yes, an interview is required. Once a candidate writes and passes the entrance test, they will be scheduled for an interview with some faculty members. It is a compulsory step in the admissions process.
How will I hear if I have been selected for an interview?
You will be reached out to by an admissions officer and also get a mail prompt to that effect.
When will I hear if I have been granted admission?
Once the candidate fulfils all admissions requirement and is enrolled, he/she will be issued an admissions letter informing him/her of the success of their admission.
How do I add extra information if I have already submitted my application?
Once an application has been submitted, any corrections to be made can only be done by contacting the admissions office.
Can I postpone my application submission to the next intake?
Yes, you can but you have to duly inform the admissions officer in charge of your application.
Can I defer admission?
Yes, you can.
How much does the MBA programme cost?
Full-time MBA: N7,000,000
Modular MBA: N7,200,000
Executive MBA: N8,400,000
Modular Executive MBA: N8,400,000
Are tuition fees the same for international students?
All programmes cost $20,000 for international students.
What are the estimated living expenses?
This would depend on your budget and lifestyle but we see an average of N 500,000 a year for rent.
What is the fee payment schedule?
Full-time MBA: Payable in 6 instalments with an initial deposit of 1.5 million
Modular MBA: Payable in 8 instalments with an initial deposit of 1.2 million.
Executive MBA: Payable in 8 instalments with an initial deposit of 2 million.
Modular Executive MBA: Payable in 8 instalments with an initial deposit of 2 million.
How can I fund my studies?
Undertaking an LBS MBA yields a lifetime of personal and professional benefits. Funding could be from personal savings, loans, family gifts, company sponsorship, as well as LBS or external scholarships.
What financial aid is available?
Merit-based Scholarship: Limited slots for students with outstanding academic results.
Need-based Scholarships: Limited slots for students facing financial difficulties. NB- proof must be shown.
Medical Background: Limited slots for students with medical school background; sponsored by Q Life
International students: Limited slots available courtesy of the Mandela institute for development studies
NB- Financial aids are only available when a student has been given admission. Scholarships are not 100%.
Are there other options for financing an MBA?
Loans are available with banks in affiliation with the school. E.g, Polaris, GTBank, Edfin Microfinance Bank.
Do you offer any scholarships?
Yes, but this is majorly dependent on the programme and academic performance of the candidate.
How many scholarships can I apply for?
You may apply for only one scholarship at a time.
Will I be informed of the scholarship decision?
Yes, you will. An admissions officer will get in touch with you.
What is the typical day of an LBS student?
A typical day begins with group study in a business executive meeting setting. Classes to discuss case studies with facilitators interspersed with tea/coffee breaks and lunch in between sessions. The rest of the day is yours to explore the beautiful city of lagos and make lifelong connections.
Does LBS have housing options or hostels for their cohorts?
No, however, affiliated hostels around the environs offer discounts.
What time and how long does the class hold?
Full-time MBA (FTMBA): Mondays-Fridays 9 am-3:30 pm
Modular MBA (MMBA): Tuesdays-Thursdays 5:30 pm-7 pm; Saturdays 9:30 am-3:30 pm; and one intensive week every quarter Saturday-Saturday 8:30 am-5:15 pm
Executive MBA (EMBA): Fridays 2 pm-8 pm; Saturdays 9 am-3 pm
Modular Executive MBA (MEMBA): Saturday 9:30 am-10:45 am; and one intensive week every two months Saturday-Saturday 8:30 am-5:15 pm
Can my work life be mixed with my school life – how flexible is the schedule?
Yes, the modular MBA and Modular Executive MBA programmes are designed to be flexible with work schedules. The programmes are a mixture of online and physical classes.
Are there extracurricular activities?
Yes; inter-cohort team bonding exercises, group hang-outs, career fairs, and family days.
What chances are available to network across board or at hosted events?
Many networking opportunities are available within and across campus as well as across different programmes. Over the course of a programme, participants will be able to interact with key business leaders, alumni, and international students through events, competitions and group projects with other business schools world wide.
Are there exchange programmes available?
Yes, we have exchange programmes available with other internationally ranked business schools such as the University of Bocconi (Italy), Ipade Business School (Mexico), Neoma Business School (France), IESE Business School (Spain), Indian Institute of Management (India), IESEG School of Business (France), Graduate School of Business Cape Town (South Africa), Smith School of Business (Canada), Nanyang Business School (Singapore), MIDE Business School (Cote d’Ãvorie), EBS University (Germany), Gordon Institute of Business Science (South Africa), Strathmore Business School (Kenya), University of Dubai (UAE).
Does LBS organise immersion trips?
Yes, we have international immersion trips. However, they come at an additional cost.
Does LBS disclose grades to recruiters?
No, grades are not disclosed to recruiters.
How can I find out which companies recruit at LBS?
The impact survey is available on the MBA website, it shows the top recruiters.
What support is available upon completion of the programme?
MBA Careers provides support to the Full-Time and Modular MBA on career choices and placement upon completion of the programmes.
How easily can I make a career change after LBS?
The LBS MBA prepares you to fit easily into any area of specialisation.
What are the chances of securing a job in Nigeria, as an international student?
The chance of securing a job in Nigeria as an international student is high. The LBS offers job placement for students at the end of their MBA studies.
Are MBA internships available?
The internship programme is an integral part of the Full-time MBA programme. It is compulsory and forms part of the curriculum. Participants gain work and practical experience through working on projects at leading business institutions and organisations.
If I want to change careers, which programme would be better for me?
Depending on your years of experience, any of the MBAs will work well for you. The LBS MBA is a generalist MBA and this will give you enough room to explore and pick an area of strength. This equips our participants with relevant skills to explore any future career or business opportunities.
How can I get in touch with LBS alumni to discuss their MBA experience?
We have student and alumni ambassadors you can reach out to upon request.
What is the size of the LBS Alumni Network?
Over 7,000 professionals and business leaders currently make up the LBS alumni network.
How do you get LBS alumni status?
By studying and graduating from any of the MBA or executive programmes.
