The Lagos Business School was incorporated in 1992. It was initially called the Centre for Professional Communication.
In 2002, the Federal Government of Nigeria approved the establishment of Pan-African University which is now called the Pan Atlantic University in 2002. LBS was the first school of this newly formed University.
In 2007, the school was ranked among the top 50 business schools in open enrolment executive education by the Financial Times of London, the first institution in West Africa to attain the prestigious ranking.
LBS became the first institution in West Africa to be accredited by the Association of Advance Collegiate Schools of Business (AACSB). The school received this accreditation in 2016 and joined the league of less than 5% of business schools globally, to be accredited by this body.
In 2017, the school was placed 55th in the Financial Times’ ranking of top open enrolment programme providers worldwide, a position it has maintained since 2006 .
In this post, we take a look at how you can enrol for the MBA programme at LBS.
Lagos Business School MBA Programmes
Currently, LBS offer the following MBA programmes:
- MBA
- Modular Executive MBA
- Executive MBA
Apart from the MBA and EMBA, there are some other programmes you can also enrol 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
But we’re focusing on the MBA in this post.
MBA
The Lagos Business School MBA programme is a standard programme that is in line with global best practice.
The focus of the MBA is to develop responsible leaders for Africa starting from Nigeria.
Prior to be considered for admission, you have to meet the following requirements
- Five credit passes including English and Mathematics at the Ordinary Level for Anglophone countries.
- A minimum of second-class lower university degree from a recognised university
- Minimum of three year’s post-qualification work experience
- Competitive GMAT or GRE score. When taking the GMAT, the name of the programme must be specified (e.g. MBA). The GMAT identification code for the Lagos Business School MBA is 8NM– K2 – 36 while the GRE code is 1744 PanAtlantic University Lagos Business School
- Demonstrated intellectual capacity, professionalism, maturity and effective decision-making and problem-solving potentials assessed during an interview
You will also need to present the following 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
Usually the application process takes about four month and it cost N2,511,630 per session and there are two sessions. Typically, the fees cover tuition and course materials and can be paid in three installments at the beginning of each semester.
There are also a few available scholarships opportunities. Students are awarded these aids based on financial need and merit. Candidates can apply for a scholarship once they have been offered a place on the programme.
The school does not provide accommodation, but you will be provided with information on how to find suitable housing around the school if you request.
Typically, students share flats with other students at a rate of N200000 – N550000 per person/annum. Monthly expense after paying the rent is between N30000 to N50000.
Overall, some of the things you should know about this MBA programme include:
- Three years 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.
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 learning and project work directly to their own organisations, 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 organization problems.
The EMBA is best for people in full-time employment in positions as it enables them 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.
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 hold on Fridays from 1.30 p.m. – 7.45 p.m. and on Saturdays from 9.00 a.m. – 1.45 p.m. In addition, there is a five-day intensive week once every semester, where classes hold from 9.00 a.m – 3.30 p.m. from Monday through to Friday. There are no classes on the Saturday following an intensive week.
Generally, Executive education at LBS is comprehensive, drawing on experiences of multinational faculty and participants. The system of teaching ensures that participants gain management knowledge and skills, by employing the case-study method and group-work approach to learning.
