Masters in Management [MiM] (Masters in Management)
Field of Study:
$71,483 /Yr
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London Business School's Masters in Management (MiM) is a 12–16 month full-time programme based in Regent's Park, London. Ranked #10 globally in the Financial Times Masters in Management Ranking 2025, it is one of the most prestigious early-career business degrees in the world. LBS itself is ranked #3 Business School in Europe (Financial Times).
The 2026 intake begins in August 2026. The programme is designed for recent graduates with 0–2 years of work experience. For Indian students, the total investment exceeds ₹1 crore when tuition and living costs are combined — but 92% of graduates receive a job offer within three months of graduation.
Admission Status (IST): Applications for the August 2026 intake are currently open. The final deadline for visa-requiring international students is Tuesday, May 5, 2026 (Stage 4). Scholarship consideration closes at Stage 2 (January 9, 2026) — that deadline has passed, so applicants now should target Stage 4 for admission only.
- Why Study Masters in Management at London Business School?
- LBS MiM Fees 2026 for Indian Students
- Cost of Living in London for LBS MiM Students
- LBS MiM Admissions for Indian Students
- LBS MiM Curriculum — Brief Overview
- LBS MiM Ranking
- Scholarships for LBS MiM — Indian Students
- LBS MiM Placements & Career Outcomes
- ROI Analysis — LBS MiM for Indian Students
- FAQs
Why Study Masters in Management at London Business School?
- Global ranking: #10 worldwide (FT MiM Ranking 2025) — one of only two UK schools in the global top 10.
- Employment outcomes: 92% of MiM2025 graduates received a job offer within three months of graduation.
- Top recruiters: McKinsey, BCG, Goldman Sachs, Amazon and Google actively hire from the programme.
- Graduate Route Visa: International students can stay and work in the UK for 2 years post-graduation under the Graduate Route visa.
- London advantage: 54% of MiM2025 graduates secured jobs in the UK, with London being the primary hub for consulting and finance roles.
LBS MiM Fees 2026 for Indian Students
The 2026 intake tuition fee is £52,950 (approx. ₹68.30 lakhs). An additional Student Association Fee of £200 (approx. ₹25,800) is mandatory.
Exchange rate used: £1 = ₹129 (as of May 2, 2026). Actual INR amounts may vary with currency fluctuations.
| Fee Component | Amount (GBP) | Amount (INR) |
|---|---|---|
| Tuition Fee | £52,950 | ₹68.30 lakhs |
| Student Association Fee | £200 | ₹25,800 |
| Application Fee | £125 | ₹16,125 |
| Total Programme Fee | £53,275 | ~₹68.72 lakhs |
A commitment fee of £2,000 (₹2.58 lakhs) is due within ~4 weeks of offer. A reservation fee of £6,000 (₹7.74 lakhs) is due within ~6 weeks. Both are non-refundable and deducted from total tuition.
Cost of Living in London for LBS MiM Students
LBS does not provide on-campus accommodation. Students are directed to partner halls around London after receiving an offer.
| Expense Category | Monthly Cost (GBP) | Monthly Cost (INR) |
|---|---|---|
| Accommodation (off-campus) | £1,200–£1,800 | ₹1.55–2.32 lakhs |
| Food & Groceries | £250–£350 | ₹32,250–45,150 |
| Transport (Oyster/TfL) | £100–£150 | ₹12,900–19,350 |
| Personal & Miscellaneous | £150–£200 | ₹19,350–25,800 |
| Total Monthly Estimate | £1,700–£2,500 | ₹2.19–3.23 lakhs |
Annual living cost estimate: £20,400–£30,000 (₹26.3–38.7 lakhs)
International students on a Student visa can work up to 20 hours per week during term time. The UK minimum wage is £12.21/hour (₹1,575/hour), which can offset living costs by approximately £800–£1,000/month (₹1.03–1.29 lakhs/month).
LBS MiM Admissions for Indian Students
The next intake starts August 2026. Applications are currently open for Stage 4.
Application Deadlines — August 2026 Intake
| Stage | Application Deadline | Final Decision By |
|---|---|---|
| Stage 1 | October 6, 2025 | December 11, 2025 |
| Stage 2 | January 9, 2026 | March 12, 2026 |
| Stage 3 | March 9, 2026 | May 7, 2026 |
| Stage 4 (Final) | May 5, 2026 | June 18, 2026 |
Scholarship consideration requires applying by Stage 2. Stage 4 is for admission only.
Eligibility
- Degree: Strong undergraduate degree in any subject — equivalent to a UK First or 2:1 (GPA 3.3+). Indian equivalent: 60%+ or 7.5+ CGPA.
- Work experience: 0–2 years post-graduation (internships during studies do not count).
- GMAT/GRE: Required. No minimum score stated; recommended GMAT score of 555+.
Application Process
- Submit completed application form with essays
- GMAT Focus / GMAT / GRE score (unofficial accepted at submission)
- One-page CV (LBS template preferred)
- University transcripts (with certified English translation if not in English)
- One reference (professional preferred; academic accepted)
- English language proof (if applicable)
- Pay £125 application fee online
English Language Requirements (ELP)
Indian students whose undergraduate degree was not taught in English must submit a test score. Waivers are at the Admissions Committee's discretion.
| Test | Minimum Score (Typical) |
|---|---|
| IELTS | 7.0 overall (no band below 6.5) |
| TOEFL iBT | 110+ |
| PTE Academic | 70+ |
| Duolingo English Test | Accepted |
LBS TOEFL institution code: 0898
LBS MiM Curriculum — Brief Overview
The programme runs 12–16 months and is structured around integrated core courses and electives.
Core Courses include:
- Applied Microeconomics
- Data Analytics for Management
- Finance and Financial Accounting
- Marketing and Strategic Analysis
- Decision and Risk Analysis
- The Global Macroeconomy
- Performing in Organisations
Electives: 90+ electives available, taken alongside students from other LBS degree programmes. Experiential learning includes LondonLAB (live business projects) and a Global Experience trip.
LBS MiM Ranking
LBS MiM is consistently ranked among the top 10 management programmes globally.
| Ranking Body | Rank | Year |
|---|---|---|
| Financial Times — Masters in Management | #10 Globally | 2025 |
| Financial Times — Business School (Europe) | #3 in Europe | 2025 |
Scholarships for LBS MiM — Indian Students
Around 20% of the Graduate Masters class receives scholarship funding each year. All admitted students are automatically considered — no separate application needed.
| Scholarship | Value | Eligibility | Deadline |
|---|---|---|---|
| MiM Merit Scholarship | Up to £20,000 (₹25.8 lakhs) | All admitted MiM applicants with strong academic and professional merit | Auto-considered; apply by Stage 2 for best chances |
| LBS Merit Scholarship | ~£20,000 (₹25.8 lakhs) | All admitted early-career programme students; holistic assessment | Auto-considered on admission |
| Laidlaw Women's Leadership Fund | Partial | Outstanding women who demonstrate financial need | On admission |
Scholarship decisions are strongly linked to applying in Stage 1 or Stage 2. Applying in Stage 4 significantly reduces scholarship chances.
LBS MiM Placements & Career Outcomes
Data sourced from the LBS MiM Employment Report, Class of 2024.
| Metric | Data |
|---|---|
| Job offers within 3 months | 93% |
| Offers accepted within 3 months | 90% |
| Average base salary | £44,541 (₹57.46 lakhs/year) |
| Average bonus | £12,483 (₹16.10 lakhs) |
| Graduates receiving bonus | 52% |
| Highest reported salary (MiM2025) | £102,593 (₹1.32 crores) |
Salary by Sector
| Sector | Average Base Salary (GBP) | Average Base Salary (INR) | Top Employers |
|---|---|---|---|
| Consulting | £53,451 | ₹68.95 lakhs | McKinsey, BCG, Bain, PwC, Deloitte |
| Finance | £44,845 | ₹57.85 lakhs | Goldman Sachs, JP Morgan, Morgan Stanley |
| Technology | £35,068 | ₹45.24 lakhs | Amazon, Google, Microsoft, Meta |
Job Location Distribution (MiM2025)
| Location | % of Graduates |
|---|---|
| UK | 54% |
| Europe (ex-UK) | 21% |
| Asia | 18% |
| Africa/Middle East | 5% |
| North America | 1% |
ROI Analysis — LBS MiM for Indian Students
Total programme cost (tuition + living for 14 months) is approximately £74,000–£83,000 (₹95.5–1.07 crores).
| Metric | Amount (GBP) | Amount (INR) |
|---|---|---|
| Total Investment (Tuition + Living) | ~£78,000 | ~₹1.01 crores |
| Average First-Year Salary (Consulting) | £53,451 | ₹68.95 lakhs |
| Average First-Year Salary (Finance) | £44,845 | ₹57.85 lakhs |
| Average Bonus (Year 1) | £12,483 | ₹16.10 lakhs |
| Estimated Break-Even Period | 18–24 months post-graduation | — |
Consulting-track graduates typically break even within 18 months of starting work. Finance and tech-track graduates typically break even within 24 months. Salary growth accelerates significantly after 2–3 years as graduates move into senior analyst or associate roles.
The LBS MiM is a high-cost but high-return programme for Indian students targeting global consulting, finance or technology careers. With a #10 global FT ranking, 92–93% placement rates and average salaries of £44,500–£53,000 in top sectors, the programme offers a credible path to working in London and across Europe. The Graduate Route Visa gives 2 years of post-study work rights. For scholarship consideration, applying in Stage 1 or Stage 2 is critical — Stage 4 (May 5, 2026) is the last window for the August 2026 intake.
FAQs
Ques. Is the LBS MiM worth it for Indian students with no work experience who want to get into consulting?
Ans. Yes, the LBS MiM is specifically designed for 0–2 year experience candidates. Consulting is the top hiring sector, with 47% of graduates entering the field and an average salary of £53,451 (₹68.95 lakhs). McKinsey, BCG and Bain actively recruit from the programme. However, you must prepare for case interviews independently — the Career Centre supports but does not guarantee placements.
Ques. Can Indian students work in the UK after completing the LBS MiM, and for how long?
Ans. Yes. Indian students who complete the LBS MiM on a Student visa are eligible for the UK Graduate Route visa, which allows 2 years of unrestricted work in the UK post-graduation. No job offer is needed to apply for this visa. 54% of MiM2025 graduates secured jobs in the UK, primarily in London.
Ques. What GMAT score do I need to get into the LBS MiM as an Indian applicant, and is there a waiver?
Ans. LBS has no official minimum GMAT score but recommends 555 or above. The average admitted GMAT score is typically in the 650–680 range based on class profiles. There is no GMAT waiver for the MiM — either GMAT (including GMAT Focus) or GRE is mandatory and must be submitted before applying. The GRE institution code is 3805 and the GMAT code is Z11-J7-40.
Tuition Fees
| One time fees | 1st Year Fees |
|---|---|
| Tuition Fees | $71483 (GBP 52950) |
Other Expenses
| Head | Avg Cost Per Year |
|---|---|
| Compulsory Fees | $270 (GBP 200) |
| Total Cost | $270 (GBP 200) |
Previous Year Tuition Fees
| Year | 1st Year Fees |
|---|---|
| 2024 | $67433 (GBP 49950) |
| 2023 | $60615 (GBP 44900) |
| 2021 | $68938 (GBP 51065) |
Important Dates
Application Deadline 1& 2 For August 2026 Intake are Tentative dates.
Scores Required
Required Document List
- Online Application Form
- Application Fee
- Official Transcripts
- GMAT/GRE Score Report
- English Language Test Scores
- One-Page CV
- Letter of Recommendation
- Application Essays
Key Resources for Your Study Abroad Journey
Course Guides
1 Year Masters Programs in UK for International Students
Masters in UK: Top Universities, Admission Requirements, Tuition Fees, and Scholarships
Scholarship Grants & Financial Aids
| Name | Scholarship Per Student | Level of Study | Type | |
|---|---|---|---|---|
| Business Administration Scholarships | Scholarship per studentVariable Amount | Level Of StudyBachelor | TypeMerit-Based | |
| VueVille Future Technology Scholarship | Scholarship per student$ 1,350/Yr$1,000 | Level Of StudyBachelor | TypeMerit-Based | |
| Bharat Petroleum Scholarship | Scholarship per studentVariable Amount | Level Of StudyMaster | TypeMerit-Based | |
| Forktip Women’s- Innovation Scholarship | Scholarship per studentVariable Amount | Level Of StudyBachelor | TypeCollege-Specific | |
| India Postgraduate Taught Master’s Scholarship | Scholarship per student$ 4,799/Yr$3,555 | Level Of StudyMaster | TypeCollege-Specific | |
| Axol Science Scholarship | Scholarship per student$ 2,700/Yr$2,000 | Level Of StudyBachelor | TypeCompany-Sponsored |
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| Program | Important Date | Total Fees | Median Exams Score | Action |
|---|---|---|---|---|
Spring 2027 intake application deadline (1st Jan 2027) | USD 26,810 /Yr GBP 19,859 /Yr |
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