People widely recognize Lagos Business School (LBS) as one of Africa’s leading business schools. It offers a world-class education that empowers students to become exceptional leaders in the global business landscape. Whether you are an aspiring entrepreneur, a corporate executive, or a professional looking to elevate your career, LBS provides transformative educational opportunities that prepare you for success in the competitive world of business.
In this comprehensive guide, we will explore the key elements of Lagos Business School—its courses, school fees, admission requirements, location, and more. If you are considering applying to LBS, this article will give you everything you need to know about one of Africa’s top business institutions.
About Lagos Business School
Lagos Business School (LBS) is a prestigious graduate business school based in Lagos, Nigeria. Established in 1991, LBS has continuously evolved to become one of the most respected business education institutions in Africa. It stands as a beacon of excellence in management education, delivering programs designed to prepare students for leadership roles in business and society.
What sets LBS apart is its practical approach to education. The school blends rigorous academic coursework with hands-on learning experiences, ensuring that students are not only knowledgeable but also skilled in solving real-world business challenges. The faculty includes both academics and industry professionals, providing students with a unique opportunity to learn from those who have succeeded in the business world.
Is LBS Accredited?
Yes, LBS is globally recognized and highly accredited. The school holds prestigious accreditations from several leading international organizations, ensuring that its programs meet the highest standards of business education. The notable accreditations include:
- AACSB International (Association to Advance Collegiate Schools of Business): LBS is the first business school in West Africa to receive AACSB accreditation, a hallmark of excellence in business education worldwide.
- AMBA (Association of MBAs): LBS’s MBA programs are accredited by AMBA, further validating the quality of its graduate business education.
- EQUIS (EFMD Quality Improvement System): LBS is one of only a few business schools in Africa to hold the EQUIS accreditation, which recognizes excellence in management education, research, and community engagement.
These accreditations underscore the credibility of an LBS education and ensure that graduates receive a globally respected qualification.
Where is Lagos Business School Located?
Lagos Business School is located in Ajah, Lagos State, Nigeria. The campus is situated along the Lekki-Epe Expressway at Km 22, making it easily accessible from various parts of Lagos. Lagos, as the commercial hub of Nigeria, offers LBS students proximity to a dynamic business environment, creating numerous networking, internship, and career opportunities.
Is Lagos Business School a University?
No, Lagos Business School (LBS) is not a university. It is a graduate business school affiliated with Pan-Atlantic University (PAU), a private university in Lagos. While LBS offers graduate-level programs like the MBA, Executive MBA, and various executive education courses, it is not a full-fledged university offering undergraduate degrees.
LBS’s focus is on providing advanced business education, specializing in leadership, management, and entrepreneurship programs.
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LBS Courses
Lagos Business School offers a diverse range of programs tailored to different professional levels. Whether you’re looking to kickstart your career with an MBA or sharpen your leadership skills with executive education, LBS has a course for you. Some of the most popular courses at LBS include:
1. MBA Programs
- Full-time MBA: This is a comprehensive, full-time program designed for individuals with strong academic and professional backgrounds who are looking to build or enhance their business leadership capabilities.
- Executive MBA: Aimed at mid-level professionals with significant work experience, this program is tailored for those who want to balance career advancement with academic study.
- Modular Executive MBA: This flexible program is ideal for executives who wish to pursue an MBA without interrupting their careers. Classes are held over weekends and during scheduled modules.
2. Executive Education Programs
- Advanced Management Programme (AMP): Designed for senior managers and executives, this program helps enhance strategic thinking and decision-making skills.
- Senior Management Programme (SMP): Aimed at leaders in the middle to senior management ranks, this program focuses on enhancing leadership skills.
- Owner-Manager Programme (OMP): This program is designed for entrepreneurs and owners of small to medium-sized businesses who want to scale their companies and improve operational efficiency.
- Chief Executive Programme (CEP): LBS’s flagship executive course for top executives looking to take their leadership and strategic management skills to the highest level.
3. Open Enrollment Programs
These are short-term, high-impact programs that cover topics such as finance, marketing, human resource management, strategy, and leadership. These programs are ideal for professionals looking to acquire specific skills and knowledge.
4. Online Programs
For those who require flexibility, LBS offers online courses, providing access to world-class business education remotely. Online programs are ideal for professionals with time constraints or those located outside Nigeria.
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LBS Fees
The tuition fees at LBS vary depending on the program and its duration. While fees are subject to change, here is a general breakdown of expected costs:
MBA Programs
- Full-time MBA: ₦11,000,000 – ₦13,000,000 per year
- Executive MBA: ₦12,000,000 – ₦14,000,000 per year
- Modular Executive MBA: ₦12,000,000 – ₦14,000,000 per year
Executive Education Programs
- Advanced Management Programme (AMP): ₦3,000,000 – ₦4,000,000
- Senior Management Programme (SMP): ₦2,500,000 – ₦3,500,000
- Owner-Manager Programme (OMP): ₦2,000,000 – ₦3,000,000
Open Enrollment Programs
Fees for short courses range from ₦250,000 to ₦1,000,000, depending on the course content and duration.
Admission Requirements for Lagos Business School
Admission to LBS’s programs requires meeting certain criteria, which vary based on the specific course you are applying for. Generally, the requirements include:
- Bachelor’s degree from a recognized institution
- Relevant work experience (usually 3–5 years for MBA programs)
- GMAT or GRE scores (for some programs)
- English proficiency (TOEFL or IELTS for non-native speakers)
- Letters of recommendation
- Statement of purpose
- Updated CV/Resume
- Official transcripts
- Passport-sized photograph
Candidates for executive programs must have extensive work experience and typically hold managerial roles. For some executive courses, employers may also need to sponsor or support the candidates.
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Who is the Real Owner of Lagos Business School?
Pan-Atlantic University Foundation (PAUF), a non-profit organization registered in Nigeria, owns LBS. Pan-Atlantic University serves as the parent institution, and LBS is one of its graduate schools specializing in business education.
Is Lagos Business School Worth It?
Absolutely. Lagos Business School provides an unparalleled educational experience that blends academic rigor with practical business insights. Graduates of LBS often go on to occupy leadership positions in top organizations worldwide. An LBS education is an investment that pays off through enhanced career prospects, networking opportunities, and increased earning potential.
How to Get a Scholarship to Lagos Business School
LBS offers various merit-based and need-based scholarships to eligible students. To apply for a scholarship:
- Research available scholarships on the LBS website.
- Ensure you meet the eligibility requirements.
- Prepare a strong application, including a statement of purpose and documentation of financial need (if applicable).
- Submit your application and any required documents before the deadline.
- If selected, you may be invited for an interview, where you can showcase your qualifications and reasons for applying.
FAQs on Lagos Business School Courses and Fees
Are scholarships available at Lagos Business School?
Yes, LBS offers scholarships to help offset the cost of tuition. These include merit-based and need-based scholarships.
Is Lagos Business School open to international students?
Yes, LBS welcomes students from all over the world. International students can access visa support and accommodation services.
What is the average class size at LBS?
Class sizes typically range from 30 to 60 students, ensuring a more personalized learning experience and ample opportunity for interaction with instructors.
Conclusion
Investing in a Business School education is an investment in your future. Whether you are looking to start a business, climb the corporate ladder, or transition into a leadership role, LBS provides the tools, skills, and networks to help you achieve your professional goals. Explore the diverse range of programs, check the current school fees, and meet the admission requirements to take the next step in your career journey.
By enrolling, you’re not just earning a degree—you’re gaining a competitive advantage that will help you thrive in today’s global business environment.
