As a Nigerian business student, attending a Lagos Business School in 2022 is probably your best bet. If studying in a foreign business school is expensive for you, then the LBS is your best option.
Established in 1991, the Lagos Business School (LBS) is a private business school in the Western part of Nigeria. The institution is one of the foremost business schools in Nigeria and Africa at large as well. Consequently, the LBS serves as the graduate business school for the Pan-Atlantic University.
The LBS is located in Ajah, Lekki, Lagos Island, Lagos State, and is Nigeria’s’ biggest business school.
With theatre-style classrooms, which highly encourages active student participation. It also includes syndicate rooms for case studies/group discussions and a library set to world standards. With world-class facilities, learning in the Lagos Business School is a great idea for Nigerian students.
The LBS is the foremost business school in Nigeria. This means that It is also a top dog amongst business schools in Africa. With an administrative capacity of over 220 and expansive alumni of over 6000 members, the LBS has high ratings.
In 2019, the Lagos Business School was ranked 48th amongst the best business school in the world. This automatically sets it to be the best business school in Nigeria and Africa.
The LBS rose from 68th and 64th in 2017 and 2018 respectively to becoming the 48th best business school in the world.
The business school is rated this high because of its outstanding capacities. The school boast of a well-equipped library and fully functional faculty facilities. It beat other business schools in South Africa and the likes to rise to prominence.
Application and Admission.
Just like every other institution, the LBS has requirements to be met by an applicant. Admission is not be granted if the requirement is not met. By its nature, the MBA degree is a graduate program. This means that applicants must have already undergone an undergraduate program.
Some requirements that the LBS expects from its applicant are;
Firstly, five credit passes including English and Mathematics at the O-Level. This may differ from your country of origin.
Secondly, a minimum of a second-class lower university degree from a recognized university.
Thirdly, the applicant must have concluded NYSC (for Nigerians only).
Fourthly, a minimum of three years of post-qualification work experience.
Other requirements include,
Impressive GMAT or GRE score.
Intellectual capacity, professionalism, maturity, and effective decision-making. Also, your interview assesses problem-solving potentials and practical skills.
As well as an LBS Application.
LBS Application documents.
Upon application, you shall submit a form.
A complete application form include;
Firstly, three reference forms. These may also be sent directly by the applicant’s referees.
Secondly, copies of O’Level and university degree certificates. Statements of results are acceptable.
Thirdly, official Transcripts.
Fourthly, curriculum Vitae (CV).
Also a copy of the NYSC Certificate or Letter of Exemption. This is for Nigerians only.
As well as Passport photographs.
Programs and tuition at the LBS.
The Lagos Business School offers programs in MBA, executive MBA, modular executive MBA, as well as an executive education program. Open seminars and custom programs are also available at the LBS.
A complete MBA program includes 15 months of in-class study, as well as at least, 72 credit hours of coursework. The MBA program consists of three semesters in all. Two semesters in the first academic year and one semester in the final year. During the course of the MBA, the LBS organizes a 12-week project-based corporate internship. The students undergo the internship with different organizations within and outside Nigeria. The last semester of the program is an elective semester. Students can choose to participate in an international student exchange program with partner schools abroad or offer local electives.
The MBA curriculum is built to equip students with a thorough knowledge of the main business disciplines.
Also, the MBA program, supplement with strong industry engagement, increases the student’s analytical and problem-solving abilities. The MBA also focuses on some salient skills including critical thinking, leadership, entrepreneurship, sustainability, and social innovation.
The full-time MBA program runs from Mondays through Fridays and is difficult to combine it with a full-time job.
The EMBA is a 2 years part-time program targeted at enhancing managerial abilities.
At the LBS, it’s executive MBA gives the best preparation for an entrepreneurial or management career.
The program has a design that is for managers who desire to learn and also apply best practices in management. This explains that the EMBA helps to deal with entrepreneurial and managerial challenges in the workplace.
The part-time structure of the program allows you to apply what you learn to challenges at work and at home.
The EMBA aims to create an environment for participants to learn to handle difficult real-life problems. By driving their probing skills, discussions, and working together as a team becomes a strong suit. It drives them towards achieving a deeper insight than they can ever do on their own. So also, the EMBA amplifies individual strengths and builds synergies between team members. Also, you learn how to exercise judgment and make better decisions.
The EMBA is best for people with full-time jobs.
Modular Executive MBA.
Just as the EMBA, the MEMBA is also a 2 years part-time program.
The MEMBA amplifies individual strengths and builds synergies between team members. You learn how to exercise judgment, make better decisions, and take responsibility. In doing this, you also discover how to communicate effectively in class and at work, and leverage on all the excellent ideas you get on the program.
MEMBA exposure is beyond just work. it offers an all-round experience that gives participants a balanced view of life.
The LBS also offers Custom and short academic programs to suit the student’s life and work.
Fees and Financing.
According to information available on the LBS website, the study cost per session for a student to attend the Lagos business school in 2021 is N2,511,630. This means that it would cost about N5,000,000 to run an MBA program at the LBS. This covers both tuition fees and course materials. However, to make payment easier for students, payment can be paid in six installments. These installments are at the beginning of each semester. However, the tuition fee is subject to review. This review can be without notice.
The installments are at the beginning of each semester. With the semesters beginning in August, December, March, June, September, and January respectively.
However, for an accurate understanding of tuition payment at the LBS, visit https://www.lbs.edu.ng
Scholarships at the LBS.
The Lagos Business School offers its own local scholarship and bursaries. Students who have proven to need financial assistance qualify to receive these grants. However, only those who have submitted an application for a program can receive a scholarship from the school.
The grants cover the only tuition while the student covers other expenses. Other expenses are rent, food, transport, etc.
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