LUMS MBA Fees and Costs 2015
LUMS MBA program is a premier MBA program in Pakistan and has been ranked as the top MBA program in Pakistan by HEC. It is also amongst the top 500 Business programs in the world. LUMS MBA graduates normally find high paying jobs at top organizations even before graduating with starting salaries ranging from 90,000 PKR to 500,000 PKR for those hired by top firms like McKinsey consulting. Hence it is expected that LUMS would be an expensive university to get an MBA.
The total cost of studying at LUMS for a two year MBA program can range from 1.5 to 2 million PKR. Here are the estimated costs of LUMS MBA for the year 2014 and 2015.
Tuition Fees: Rs. 642,000 (321,000 per semester)
Admission Fees: Rs. 64,500 one time
Other Fees: Rs. 65,450 one time and includes reading material etc.
Registration Fees: Rs. 17,500 per semester
Refundable security deposit: Rs. 15,000
Hostel Charges: 26,250 per semester
Hostel Registration Fee: 1,600 per year
Hostel Security: 13,000 one time refundable charge
Laundry: 3,000 per semester
The living expenses vary depending on your living standards and the number of dependents you may have. You must plan for increases in tuition and fees for each year of enrollment since costs may vary without prior notice. If you have dependents then you will incur approximately 40% additional expenses.