Lagos Business School Fees: Details of 2025/2026 Tuition, Payment Plans, and More

If you’re planning to pursue postgraduate studies in business administration in Nigeria, then you’ve likely considered Lagos Business School. This world-class institution stands out not just for its prestige but also for its consistent delivery of academic excellence, innovation, and impactful learning experiences. One of the most frequently asked questions by candidates is: What are the Lagos Business School fees?

In this comprehensive guide, we’ll explore everything from tuition to admission requirements, payment plans, student life, and career outcomes. Whether you’re targeting the MBA, EMBA, DBA, or MiM, this article covers it all—ideal for students, professionals, and sponsors who value higher education with guaranteed returns.

Photo credit: Lagos Business School

Why Choose Lagos Business School?

Before we delve into the fees, let’s talk value.

Lagos Business School, located at its main campus in Lekki, is a top-tier institution offering executive education in Africa. While it’s not a traditional university with a vice chancellor, it is governed by principal officers and operates under the Pan-Atlantic University umbrella. LBS has carved a niche in business administration, producing thought leaders through robust academic staff training, academic manuscript development, and partnerships with global institutions.

Here’s what makes it unique:

• Ranked among the top 100 global executive MBA programs
• Accredited by AMBA and AACSB
• Strong focus on continuing education and academic research journals
• A vibrant student affairs ecosystem and global conference attendance options

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Courses Offered at LBS

LBS provides a range of postgraduate studies in business administration, structured to meet diverse professional goals:

These programs also support institution-based research and are eligible for grants like the National Research Fund and high-impact intervention projects.

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Lagos Business School Fees for 2025/2026

1. Full-Time MBA

• Programme Fee: ₦8,400,000
• Application Fee: ₦5,000
• Initial Deposit: ₦2,500,000
• Instalments: Up to 6

This is perfect for students seeking to build a long-term career in management, finance, and public administration.

2. Modular Executive MBA (MEMBA)

• Programme Fee: ₦16,600,000
• Deposit: ₦3,000,000
• Instalment Options: 6–8 flexible payments

With a hybrid learning approach and international modules, MEMBA is tailored for working professionals seeking academic excellence.

3. Executive MBA (EMBA)

• Programme Fee: ₦16,600,000
• Initial Payment: ₦3,500,000
• Instalment Plan: Over 2 years

Ideal for experienced managers, the EMBA emphasises ethical leadership and business administration strategies relevant to Nigeria and West Africa.

4. Modular MBA

• Programme Fee: ₦12.4M – ₦14M
• Instalments: 4–6
• Target Audience: Managers outside Lagos needing block-format learning

5. M.Sc. in Management (MiM)

• Programme Fee: ₦8,400,000
• Payment Plan: 4 instalments
• Ideal For: Fresh graduates and entry-level professionals

MiM supports academic manuscript development and serves as a stepping stone into academic excellence and student affairs engagement.

6. Doctor of Business Administration (DBA)

• Programme Fee: ₦43.2 million (₦16.6M/year)
• Application Fee: ₦50,000
• Duration: 3 academic years

DBA candidates often publish in academic research journals and participate in conference attendance, contributing to national research fund priorities.

Additional Costs and Services

Besides tuition, expect the following:

• Accommodation: ₦200,000–₦550,000/year
• Living Expenses: ₦30,000–₦60,000/month
• Internet Service Provider Costs: For virtual modules
• Student Portal Access: All payments and records are managed via the LBS Student Portal
• Library Development: Included in fees but accessible through digital platforms

All data collected during the process is used strictly for statistical purposes, anonymous statistical purposes, or similar marketing purposes, as outlined in their data policy.

Admission Process and Requirements

Admission into any LBS program is competitive. Applicants must:

• Possess a Bachelor’s degree (minimum Second Class Lower)
• Have relevant work experience (2–5 years, depending on the program)
• Submit application essays, references, and academic transcripts
• Write the LBS Entrance Exam or GMAT

There is no direct entry into postgraduate programs.

Life as an LBS Student

Students at LBS experience a well-rounded academic and social environment. From upcoming events to inaugural lectures, the school calendar is rich with growth opportunities.

While the social sciences aren’t the primary focus, the MBA program includes courses in political science and public administration to enhance decision-making and leadership skills.

Career Prospects & Graduation Success

Graduation from LBS marks the beginning of a rewarding journey. Alumni often find high-paying roles in top companies, both locally and internationally. The average result from career outcomes is a salary increase of 60–80% post-graduation.

Graduation ceremonies are typically accompanied by keynote addresses from local and international leaders, as well as university news coverage highlighting notable alumni.

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Conclusion: Is the Cost Worth It?

Absolutely. Though the Lagos Business School fees may seem steep, the value provided through its curriculum, faculty, and global reach justifies the investment. With well-structured programme fees, payment flexibility, and career development opportunities, LBS remains a top choice for postgraduate studies in business administration in Nigeria and beyond.

Aremu Lukman Umor

Aremu Lukman Umor is an SEO writer and journalist with over eight years of experience. His opinion articles have appeared in most Nigerian mainstream media, including PUNCH, Vanguard, Tribune, Daily Trust, This Day, Guardian and others.