Lagos Business School: Ranking, Fees, Scholarships & Admission Requirements

Are you looking for a good school to get more insight on business, management, administration and entrepreneurship in Nigeria.

Then, this article on Lagos Business School: Ranking, fees, Scholarships & Admission Requirements is for you.

Found in the heart of African busiest city and one of the industrious states in Nigeria LAGOS.

Lagos Business School is the best private graduate business school in Africa a subsidiary of  Pan-Atlantic university in Nigeria, which offer the academic program, executive program and short focused courses in management to graduates who wish to distinguish themselves in today’s economic environment where business and management leadership is a necessity.


LBS was established in 1991, is currently ranked as the best in Africa with its main campus located in Lekki Lagos in Nigeria.

It  is also a  member of the Global Business Schools Network (GBSN) and the Association of African Business Schools (AABS), among others.

The LBS was the first business school in Africa to be accredited by the Association for Advanced Collegiate School of Business (AACSB)

Actually, There are other business schools in Nigeria, but Lagos Business School can be said to the best of them all because in LBS you will get a number of high-quality courses to choose from.

Not minding its leading position, Lagos Business School is also the very first business school in Nigeria, where the students are offered various programs ranging from several executive education programs to management programs, doctoral programs, Executive MBA programs, and full-time MBA programs.

The main vision of this  School is to be widely recognized as the world’s top business school operating out of an emerging market, and to be the business school with the greatest impact on the knowledge and practice of management in Africa.

Secondly, to be A premier business school in Africa’s largest country, Lagos Business School is uniquely positioned to develop visionary business leaders capable of maximizing the high growth opportunities in key industry sectors to move Africa to economic prosperity.

Over the years, Lagos Business School has collaborated with other business schools in Africa and around the world on programmes to develop responsible business leaders for Africa and the world.

some of the business school they have collaborated with includes:

Lagos Business School Admission Requirements.

Lagos business like every other institution has its admission requirements, which every student must meet before they are admitted.

By admission requirement I mean every official information that is requested of you to submit to the school authorities to verify if you are qualified to be given admission into the school, this may include documents or interview results.

According to the official website To be considered for admission, you will have to meet all the following requirements:

Five credit passes including English and Mathematics at the Ordinary Level for Anglophone countries.
A minimum of a second-class lower university degree from a recognized university
Minimum of three year’s post-qualification work experience
Competitive GMAT or GRE score
Demonstrated intellectual capacity, professionalism, maturity, and effective decision-making and problem-solving potentials assessed during an interview

Lagos Business School Application Documents

A completed application form
Three reference forms (these may also be sent directly by the referees)
Copies of O’Level and university degree certificates (statements of results are acceptable)
Official Transcripts sent after you have been admitted (these may be sent directly by your former school)
Curriculum Vitae
Copy of the NYSC Certificate or Letter of Exemption (for Nigerians only)
A passport photograph

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Lagos Business School Address

The Lagos Business School is located within the premises of Pan-African University, which is located at Km 22, Lekki-Epe Expressway, Ajah, Lagos.

Many individuals, both local and international, are proud graduates of this enviable institution of learning.

Lagos Business School Fees | Living Expenses

From the information available to students on the official website, it will cost you  N2,511,630 per session to run a program in Lagos Business School and they run two sessions.

This cover tuition fees and course materials. HEY !! don’t be scared it can be paid in six installments at the beginning of each semester.

Lagos Business School Fees and Financing

Full-Time MBA1st Session2nd SessionTotal
Programme fees N3,481,119N3,481,119N6,962,238*
Application fee  N5,000
GMAT $285 (2021) 
or GRE$205 (2021) 


1. The Lagos Business School fee is subject to review without notice and can be paid in six installments. The fees cover tuition and course materials.

InstallmentAmountDate Due

To make payment click here

The School does not provide accommodation but can assist you with information on how to find suitable housing around the School.

Lagos Business School Scholarships 2021

Like we earlier stated There are few Lagos Business School MBA scholarships available and awarded to students on the basis of financial need and merit. Candidates can apply for a scholarship once they have been offered a place on the programme.

Lagos Business School awards a number of scholarships every year to outstanding students with proven financial need.  

To apply for Lagos Business School scholarship, you should submit a filled scholarship application form to the MBA Admissions Office within the first week of getting an admission letter.

The Lagos Business School scholarship committee meets during the second week of admission letters being sent out.

Awardees are notified by the end of the same week.   The Lagos Business School scholarships cover the full tuition for the MBA programme.

If awarded, you will be responsible for other personal expenses including housing and feeding.   To qualify, you must have applied and given admission to participating in the MBA programme.  

Lagos Business School Courses for 2021

In case you’re wondering what courses are offered and what is required of you, this guide presents you with all the information you need regarding the programmes offered and their respective requirements.

First, you should know that Lagos Business School offers both academic and executive education programmes, as outlined below;

  • Academic Programmes: These include the Full-time MBA, Executive MBA, and the Modular Executive MBA.
  • Executive Education: On the other hand, include Advanced Management Programme, Agribusiness Management Programme, Chief Executive Programme, Customized Programmes, Management Acceleration Programme, Open Seminars, and Owner Management Programme. We’ll look at the details later.

Lagos Business School short courses 2021|course Modules

In Lagos Business School courses are offered in different modules. There are the Personal effectiveness and working group module, the Decision Making Considerations and Business Integration Module, the Basic Management Disciplines Modules and the Elective Module.

1. Under the Personal Effectiveness and Working in Groups Module, the courses offered are Negotiation, Business Games, Team Building, Communication and Project Management.

2. Under the Decision Making Considerations and Business Integration Module, the courses available are Economic Analysis, Business Ethics, Analysis of Business Problems, Social-Political Environment of Business and Business Policy.

3. Under the Basic Management Disciplines Module, the courses are the management of Human Resources, Marketing, Finance, Entrepreneurship, Operations, Management Information Systems, Corporate Financial Accounting and cost, and management accounting.

4. Under the Elective Module, the courses offered are Oral Presentation Skills, Coaching and Mentoring, Social Skills for Business Performance, Managing the Health of Executives, Organizational Diplomacy, Work-Life Balance, Business Continuity Planning/ Disaster Management and Leadership Skill.

Lagos Business School: Programme Structure

The MBA programme at the Lagos Business School follows the structure below;

  • Brush Up: This is a preparatory module with which you’re expected to kick start your programme. It provides a foundational experience ahead of your MBA courses. You will be exposed to sessions in Business, Accounting, Mathematics, English, and Quantitative Analysis. Brief sessions are also organized on business etiquette and dress sense so that you can always comport yourself properly anywhere you are, as an ambassador of the school. It lasts for four (4) weeks in the month of September.
  • Year One: This is the first year of your programme. You must ensure to take all the courses offered in the curriculum for the year. It is divided into three (3) semesters, each lasting three (3) months; October-December, January-March, and April-June.
  • Internship: The internship is a 3-month on-field exercise that allows you to gain exposure in the business world and apply the knowledge you must’ve learned in your first year.
  • Year Two: Here, you’re given the freedom to choose elective courses which you can take at school or at an exchange programme which the school runs with any of its strategic partners.
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At the end of the programme, you can only graduate if you’re able to attain the stipulated minimum credits as distributed below;

  • Core Courses: 60.5 credits
  • Internship: 6 credits
  • Electives: 12 credits

Lagos Business School: Departments to choose from

The school has the following department in its faculty;

  1. Accounting
  2. Analysis of Business Problems
  3. Business Ethics
  4. Corporate Governance
  5. Economics
  6. Entrepreneurship
  7. Finance
  8. Human Resource Management
  9. Management Information Systems
  10. Operations Management
  11. Sales and Marketing
  12. Social and Political Economy of Business
  13. Strategy

Lagos Business School MBA

The Lagos Business School MBA programme is a standard programme that is in line with global best practice without neglecting professionalism and high ethical standards.

The focus of the MBA is to develop responsible leaders for Africa starting from Nigeria.

Prior to being considered for admission, you have to meet the requirements listed above in the requirement section

Usually, the application process takes about four months, Some of the features of the programme are highlighted below:

  • Three years of minimum work experience is mandatory for all candidates
  • The programme length is 18 months. You have to complete 15 months of in-class study and at least 72 credit hours of coursework to successfully complete the programme. There are three semesters in all; two semesters in the first academic year, one semester in the final year.
  • The last semester is an elective semester and students can choose to participate in a student exchange program with our partner schools abroad or offer electives locally.

In the course of your MBA, students are also expected to undertake an action learning project.

In this case, groups of students will be required to review the operations of a selected small and medium enterprise (SME) and help design what will take the firm to the next level.

Lagos Business School Executive MBA

The Executive MBA also known as EMBA is an intense programme that is designed to prepare potential executives for senior leadership.

The programme provides an analytical and integrated understanding of business management which allows participants to apply for learning and project work directly to their own organizations while building a strong network of like-minded colleagues across a wide range of industries.

The goal of the EMBA is to create an environment where participants can learn how to handle difficult real-life problems by probing, discussing and working together as a team towards achieving a deeper insight and solving organizational problems.

The EMBA is best for people in full-time employment in positions as it enables them to apply what they learn while they complete their academic programme.

The exposure offered by the EMBA is a well-rounded experience that gives participants a balanced view of life.

Executive MBA fees

The programme cost N3,500,000 per session. The fee is payable in installments at the beginning of each semester, and it covers tuition and course materials. The fee is also subject to periodic reviews.

The programme is delivered in six 14-week semesters spread over two sessions for a period of 24 months. A session begins in January and ends in December.

Classes held on Fridays from 1.30 p.m to 7.45 p.m. and on Saturdays from 9.00 a.m to 1.45 p.m.

In addition, there is a five-day intensive week once every semester, where classes hold from 9.00 a.m to 3.30 p.m. from Monday through to Friday.

There are no classes on the Saturday following an intensive week.

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Executive education at LBS is comprehensive, drawing on experiences of multinational faculty and participants.

Our system of teaching ensures that participants gain management knowledge and skills, by employing the case-study method and group-work approach to learning.

We believe in learning by doing.

Apart from the MBA and EMBA, there are some other programmes you can enroll in at LBS. These include:

  • Advanced Management Programme
  • Owner Manager Programme
  • Senior Management Programme
  • Chief Executive Programme
  • Management Acceleration Programme
  • Agribusiness Management Programme and
  • Global Chief Executive Programme

Lagos Business School Alumni

All persons who have successfully completed an Executive or Degree Programme at Lagos Business School, or who had at any time been a full-time member of faculty, are eligible to be members of the LBS Alumni Association -LBSAA

LBSAA members constitute an important part of the Lagos Business School community because it is through its alumni’s activities and involvement that LBS achieves its long term aim.


Wole is the founder and Group Managing Director of Custodian and Allied Plc. Having graduated from the University of Lagos with a B.Sc. in Actuarial Science.

Wole at various times worked at the National Insurance Corporation of Nigeria (NICON), Femi Johnson & Company Limited (Insurance Brokers) and Crusader Insurance Plc, from where he left to found Custodian in 1994.

Wole has over 26 years’ experience in Insurance Underwriting/Claims, Marketing and Investment.


Bola Adesola was appointed Managing Director and Chief Executive Officer of Standard Chartered Bank Nigeria Ltd in March 2011.

An alumnus of Harvard Business School and Lagos Business School, she also holds a Law degree from the University of Buckingham, UK.

Bola is an Honorary Fellow of the Chartered Institute of Bankers Nigeria.


Mr. Bonaventure Egboh is the Managing Director and Chief Executive Officer of TRIBOCH International Limited, a group of diverse companies operating in the Seed Production, Agro-chemicals, Food Processing and FMCGs Retail sub-sectors of the economy.

Mr. Egboh is an entrepreneur with extensive experience in marketing and distribution. His core expertise is in brand positioning.

He gained vast industry experience working with The Candel Company Limited; a leading company in the Agricultural sector of the Nigeria economy for 21 years.

He rose to become the GM, Sales, and Marketing; hitting sales of N5.4B in 2011. He left to pioneer Triseeds, Impact Chemicals, Trifoods, and Trimart – member companies of the TRIBOCH group.


Demola Aladekomo is the Group Managing Director of CHAMS Group and the Chairman of Chams Plc. He started CHAMS 27 years ago as the first indigenous computer maintenance outfit.

Over the years, the company has pioneered many new technologies and provided intelligent solutions to a wide range of public and private initiatives.

Some of his achievements in the field of IT practice include the first wide-area-network on PCs in Nigeria, the first company to venture into card technologies in Nigeria and the Guinness Book of Records recognition for Chams City  Innovation.

Lagos Business School Founder

Prof. Pat Utomi co-founded the Lagos Business School, now Pan African University in 1993 with the Opus Dei, a Catholic religious group.

As an entrepreneur, he has founded or co-founded companies that are active in fields including financial services, ICT, Media, and Agriculture.

He was a candidate for President of Nigeria in 2007 and 2011.

Prof. has reached the top in several different endeavors, becoming one of Nigeria’s top managers in Manufacturing before his 33rd birthday, reaching a Presidential Advisory position at 27; earning two Master Degrees and a PhD at 26, a Professorship and global acknowledgement as a leading scholar in Business, Political Economy and Media Studies in his forties.

He has collaborated fairly frequently with the center for strategic and international studies (CSIS) in Washington, and Chatham House, in the UK. He has also written commissioned papers for the UK’s DFID including the latest collaboration with colleagues from Oxford on the Political Economy of growth in Nigeria.


At this point, we believe we have been able to give you all you need to know about Lagos Business School. If there are things you think we missed, do well to leave a comment behind.


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