London Business School offers a wide range of merit, need based, women focused, India specific and fully funded PhD scholarships for international students. As a graduate only institution, all funding is available for MBA, specialised Master's and PhD programmes. Indian applicants are automatically considered for most institutional scholarships after receiving an admission offer, while additional funding is available through India specific and UK government scholarships.
- London Business School Fund Scholarship: Up to 100% of MBA tuition fees
- Largest India specific award: Ajay Arora Scholarship worth £50,000 (INR 64.09 Lakhs)
- Masters scholarships: Merit awards of up to £20,000 (INR 25.63 Lakhs) for eligible MiM and specialised Master's students
- PhD funding: 100% tuition waiver plus an annual tax free stipend of £33,762 (INR 43.27 Lakhs) for the 2027 entry
- Additional funding: Eligible students can also apply for Chevening, Commonwealth, Inlaks, Narotam Sekhsaria and Aga Khan Foundation scholarships alongside LBS awards.
Currency Note: All INR conversions use the live rate of 1 GBP = INR 128.17 as of August 2026.
Table of Contents
- London Business School Scholarships for International Students
- London Business School Scholarships for PG Students
- India-Specific Scholarships at London Business School
- London Business School PhD Scholarships
- External Government Scholarships
- London Business School Scholarships: Frequently Asked Questions
London Business School Scholarships for International Students
London Business School does not offer undergraduate degrees. It is a graduate-only institution focused on MBA, Masters and PhD programmes. Awards for the pre-experience Masters are listed below.
| Scholarship | Programme | Award | Eligibility | Application |
|---|---|---|---|---|
| Masters in Management Merit Scholarship | Masters in Management (MiM) | Up to £20,000 (₹25.63 Lakhs) |
Successful MiM applicants with strong academic and professional merit who demonstrate the ability to contribute to the programme | Automatic consideration after receiving an offer |
| London Business School Merit Scholarship | MiM, Global MiM, Masters in Analytics and Management, Masters in Financial Analysis | Typically around £20,000 (₹25.63 Lakhs) |
Outstanding applicants assessed on academics, experience, ambitions, interview performance and contribution to the LBS community | Automatic consideration after receiving an offer |
| Masters in Management Merit Scholarship for Women | Masters in Management (MiM) | Up to £20,000 (₹25.63 Lakhs) |
Women applicants who have demonstrated leadership and achievements in advancing gender equality | Automatic consideration after receiving an offer |
London Business School Scholarships for PG / Master’s Students
All awards below are considered automatically once an admission offer is issued. Applicants do not file a separate scholarship form for these tracks.
| Scholarship | Programme | Award | Eligibility | Application |
|---|---|---|---|---|
| London Business School Fund Scholarship | MBA | Up to 100% of tuition fees | Outstanding academic achievement, leadership potential and professional excellence; some awards also consider financial need | Automatic consideration after admission |
| Laidlaw Women's Leadership Fund | MBA | 12 scholarships covering 50% or 100% of tuition fees | Women invited to the MBA interview who demonstrate leadership potential and financial need | Separate application after MBA interview |
| 30% Club Scholarship | MBA | Up to 50% of tuition fees (1 award) |
Outstanding women MBA applicants demonstrating leadership potential | Automatic consideration |
| Forte Fellowship | MBA | Official amount not published | Outstanding women MBA applicants | Automatic consideration |
Reddit Insight: Indian MBA admits repeatedly report that Round 1 candidates who accept their offer by the January reply deadline receive the largest LBS Fund top-ups; those who defer a decision to Round 2 rarely see the same award.
India-Specific Scholarships at London Business School
Awards at LBS are reserved for or heavily weighted toward Indian nationals on the MBA. Together they take the largest single-year cheque available to any Indian MBA applicant to £50,000. Indian candidates are also automatically screened for every general merit award listed in Section 3.
| Scholarship | Amount | Awards per Year | Eligibility | Application |
|---|---|---|---|---|
| Ajay Arora Scholarship for Indian Students | £50,000 (₹64.09 Lakhs) |
1 | Indian students admitted to the MBA programme | Automatic consideration upon MBA admission |
| BK Birla Scholars Programme | Variable | 10 (5 for students from India and 5 from the rest of the world) | MBA candidates demonstrating academic excellence, leadership potential, and commitment to BK Birla's values | Automatic consideration near the end of the admissions cycle |
Beyond the awards LBS itself administers, several India-based private trusts fund LBS admits. These require separate applications with their own timelines.
| External Scholarship | Award | Eligibility | Application Timeline |
|---|---|---|---|
| Inlaks Shivdasani Foundation Scholarship | Up to USD 100,000 towards tuition and other approved study expenses | Indian citizens residing in India, generally under 30 years of age, admitted to an eligible overseas programme | Applications usually open in January and close in March–April |
| Narotam Sekhsaria Foundation Scholarship | Interest-free postgraduate education loan | Indian nationals below 30 years with an excellent academic record and admission to a leading international university | Applications generally open annually; check the official website for current dates |
| Aga Khan Foundation International Scholarship Programme | 50% grant and 50% interest-free loan | Outstanding students from low-income backgrounds who have no other means of financing postgraduate study | Applications generally open in January and close in March (country-specific) |
Compare the total India-specific stack against total programme cost detailed on the London Business School overview page before locking in your funding plan.
London Business School PhD Scholarships
Every admitted PhD student at LBS receives a fully funded package. Indian applicants pay nothing out of pocket for tuition and receive a tax-free stipend covering London living costs. The funding runs for five years, matching the standard PhD duration.
| Element | Coverage (2026 entry) | Coverage (2027 entry) | Notes |
|---|---|---|---|
| Tuition fee waiver | 100 percent | 100 percent | Contingent on satisfactory annual progress |
| Annual tax-free stipend | £32,154 (INR 41.21 Lakhs) | £33,762 (INR 43.27 Lakhs) | Paid monthly; five-year support |
| Conference and research funding | Yes | Yes | Specialist and international travel supported |
| Teaching / research assistant work | Paid, capped at 160 hours a year | Paid, capped at 160 hours a year | Waived in Year 1 and job-market year |
Doctoral subjects include Accounting, Economics, Finance, Management Science and Organisational Behaviour. Applications for the September 2027 cohort open in late summer 2026, with a tentative December 15, 2026 primary deadline. Indian candidates aiming for Finance or Economics streams should target a strong GRE score alongside a research writing sample.
Reddit Insight: Recent Indian PhD admits confirm the £32,154 stipend fully covers a shared flat in Zone 2 London plus modest travel; recipients rarely need outside teaching income until Year 3 when the stipend uplift is optional.
External Government Scholarships
Two UK government awards regularly fund Indian LBS students. Both operate on annual cycles running roughly a year ahead of intake. Sequencing them against LBS deadlines is the single biggest lever on your total funding stack.
| Scholarship | Full Coverage | Level | Key Eligibility for Indians | Application Window |
|---|---|---|---|---|
| Chevening Scholarship | Full tuition plus £50,000+ package covering living costs, return airfare, and UK visa fees | One-year taught master’s | Indian passport holder; minimum 2,800 hours of work experience after undergraduate degree; commitment to return to India for 2 years post-study | 6 October 2026 for September 2027 intake (2026-27 round closed October 2025) |
| Commonwealth Master’s Scholarships |
Full tuition, GBP 1,378 per month |
One-year taught master’s | Indian citizen and resident; 2:1 undergraduate degree (roughly 60% aggregate); demonstrated financial need and development impact plan |
Tentative mid-October 2026 for 2027-28 intake (2026-27 round closed December 2025) |
Documents you will need for both government awards include:
- Passport bio-page and proof of Indian citizenship
- Complete academic transcripts, WES-verified where requested
- Two work reference letters covering the last two years
- LBS conditional or unconditional offer letter for the intake year
- Chevening career, leadership, networking and study essays of 500 words each
Explore More:
The £22,000 Chevening MBA cap leaves a £101,950 (INR 130.67 Lakhs) shortfall against LBS tuition. Stacking Chevening with the LBS Fund Scholarships or the Ajay Arora Scholarship closes most of that gap. Chevening does not permit deferrals, so align the award year with the intake you actually plan to join.
Frequently Asked Questions
Ques. When should Indian candidates apply to be seriously considered for London Business School scholarships?
Ans. Round 1 is the sweet spot. For the August 2027 MBA intake, that means a tentative September 4, 2026 submission with decisions by December 2026. The LBS Fund pool is largest in Round 1, thins in Round 2, and is nearly gone by Round 3. Chevening runs a parallel October 6, 2026 deadline for the 2027-28 UK cycle.
Ques. How does the Ajay Arora Scholarship for Indian Students actually work?
Ans. Every admitted Indian MBA candidate is reviewed automatically for the £50,000 (INR 64.09 Lakhs) Ajay Arora award. One winner is picked each year. Selection weights leadership evidence, post-MBA India linkage in career essays, and interview performance. No additional form is required; strong Round 1 or Round 2 candidates have the best odds because the committee reviews the full applicant pool before deciding.
Ques. What GMAT score and work experience make an Indian applicant competitive for LBS awards?
Ans. The LBS MBA class averages a GMAT of 708 with 5 years of work experience. Indian applicants targeting the Ajay Arora, LBS India or BK Birla slot typically post 730 or higher on the GMAT and 4-8 years of post-graduation experience. For MiM merit awards, a first-class bachelor’s degree with a competitive GMAT or GRE score is usually enough.
Ques. Do London Business School scholarships cover the cost of living in London?
Ans. Only the BK Birla Programme, Laidlaw Fund and PhD funding are large enough to indirectly cover London living costs. Ajay Arora, LBS India Scholarship and Mark Le Goy are tuition-only awards. Chevening and Commonwealth do bundle a £1,690 (INR 2.17 Lakhs) monthly London stipend covering rent, food and transport. Plan a separate INR 25 to 30 Lakhs annual living budget if your award is tuition-only.
Scholarships offered
London Business School India Scholarship
- International Student Eligible: Yes
- Amount: $39,110
- Type: College-Specific
- Level of Study: Master
- Number of Scholarships: 1
London Business School International Scholarships
- International Student Eligible: Yes
- Amount: $13,457
- Type: Merit-Based
- Level of Study: Master
- Number of Scholarships: N/A
Axol Science Scholarship
- International Student Eligible: Yes
- Amount: $2,000
- Type: Company-Sponsored
- Level of Study: Bachelor
- Number of Scholarships: N/A
Leo Murray Entrepreneurship Scholarship
- International Student Eligible: Yes
- Amount: $14,000
- Type: College-Specific
- Level of Study: Master
- Number of Scholarships: N/A
Business Administration Scholarships
- International Student Eligible: No
- Amount: Variable Amount
- Type: Merit-Based
- Level of Study: Bachelor
- Number of Scholarships: N/A
VueVille Future Technology Scholarship
- International Student Eligible: Yes
- Amount: $1,000
- Type: Merit-Based
- Level of Study: Bachelor
- Number of Scholarships: 1
Reviews
2 Reviews Found
Scholarship
No, I didn't receive any kind of scholarship.
Very Global in nature, world-class ranking, Extremely well respected.
Scholarship
No, I didn't receive any scholarships during my MBA. There is no separate application required for most scholarships except some women-specific ones for which you will have to apply once you get the admit.
Diversity: 90%+ class is international, I am experiencing the diversity of thoughts during classroom discussions, which is good for having different perspectives.Location of school: London is a hub of various start-ups and top tier employers. One has plenty of opportunities for internships and part-time projects during the term as well, which is an added benefit. The flexibility of the program: I can choose to exit in 15, 18, or 21 months, and tailor my electives, core courses, and exchange based on my choice/preferences.
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