LBS GMiM Fees, Scholarships, Funding & Cost of Living – Complete Guide
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The Global Masters in Management (GMiM) at London Business School is a highly prestigious two-year, full-time programme designed for ambitious graduates seeking a truly international management education. With study across multiple global locations and a strong focus on leadership, analytics, and business fundamentals, GMiM represents a significant but high-value investment.
This guide provides a complete and authoritative breakdown of LBS GMiM tuition fees, payment structure, scholarships, funding options, cost of living, and total cost of attendance, so you do not need to visit the official website after reading.
Overview
The Global Masters in Management is a two-year programme combining academic rigor with global exposure. Students study in London and complete an international second year at a partner institution.
Designed for:
Recent graduates
Early-career professionals
Candidates targeting consulting, finance, technology, and general management
Key features:
Strong foundation in business and management
International study experience
Career development and professional skills training
LBS GMiM Tuition Fees
Tuition Structure
Component | Amount |
Tuition Fee – Year 1 (London Business School) | £52,950 |
Tuition Fee – Year 2 (Fudan University, Shanghai) | RMB 100,000 |
Student Association Fee | £200 per year |
Tuition fees cover:
Academic instruction
Core programme resources
Access to LBS facilities and services
Tuition fees do not include accommodation, living expenses, travel, visa costs, or global experience travel.
Commitment Fee & Reservation Fee
After receiving an offer, admitted students must secure their place by paying:
Fee Type | Amount | Refundable |
Commitment Fee | £2,000 | No |
Reservation Fee | £6,000 | No |
Important points:
Both fees are deducted from total tuition
Deadlines are typically within a few weeks of offer acceptance
Failure to pay results in loss of seat
How Payments Work
Tuition can usually be paid in instalments or in full
Payment deadlines are set before the start of Term 1
Students must clear outstanding balances before programme progression
Early financial planning is strongly recommended.
Scholarships & Financial Support
London Business School offers a wide range of merit-based scholarships and bursaries for GMiM students.
Automatic Scholarship Consideration
All admitted GMiM candidates are automatically considered for LBS scholarships. No separate scholarship application is required.
Approximately 20% of Graduate Masters students receive some form of scholarship support each year.
Types of Scholarships
Scholarship Type | Coverage |
Merit Scholarships | Partial tuition reduction |
Full Fees Scholarships | 100% tuition (limited number) |
Bursaries | Need-based financial support |
Named Donor Scholarships | Partial to full tuition |
Scholarships are awarded based on:
Academic excellence
Professional achievements
Leadership potential
Overall strength of application
External Funding & Loans
Students may also use:
International education loans
Private lenders and loan partners
Sponsorships or family funding
External loans can often cover:
Tuition
Living expenses
Insurance and visa costs
Estimated Cost of Living in London
Living costs vary by lifestyle, but below is a realistic annual estimate.
Expense Category | Estimated Annual Cost |
Accommodation | £10,000 – £20,000 |
Food & Groceries | £4,000 – £6,000 |
Transport | £1,000 – £1,500 |
Utilities & Internet | £1,000 – £1,500 |
Books & Study Materials | £500 – £1,000 |
Personal Expenses | £1,000 – £2,000 |
Estimated Total (Per Year): £17,500 – £32,000
Additional Costs to Budget
Visa and immigration fees
Health insurance
Flights and relocation
Travel for global modules
Laptop and software
These costs vary by student and location.
Total Estimated Cost of Attendance (2 Years)
Category | Estimated Range |
Tuition (Year 1 + Year 2) | £64,000 – £66,000 equivalent |
Living Costs (2 years) | £35,000 – £60,000 |
Travel & Miscellaneous | £5,000 – £10,000 |
Estimated Total Investment | £104,000 – £136,000 |
Figures are indicative and depend on exchange rates and lifestyle.
How to Reduce the Cost
Apply early to maximize scholarship chances
Maintain strong academics and test scores
Choose shared accommodation
Track monthly expenses
Use student discounts and transport passes
Is LBS GMiM Worth the Investment?
For the right candidate, yes.
Graduates benefit from:
Strong global brand reputation
Access to top consulting, finance, and tech recruiters
International alumni network
Accelerated early-career growth
The long-term career upside often outweighs the initial cost.
Final Takeaway
The LBS Global Masters in Management is a premium two-year international degree with world-class teaching, global exposure, and excellent career prospects. Understanding tuition, scholarships, funding options, and living costs in advance allows you to plan confidently and make informed decisions.
Early preparation and strong applications significantly increase your chances of securing scholarships and reducing the overall cost of attendance.
