Financing

 

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Programme Costs

Below is a breakdown of costs associated with the MBA programme. Travel and accommodation costs are estimated based on average flight and hotel costs—these are not paid to ALUSB.

Tuition

Year 1: Tuition $15,000
Year 2: Tuition $15,000
Total Tuition $30,000

Additional Costs

Estimated Airfare Per Year*$1,500
Estimated Accommodation Per Year**$630 – $4,200
Estimated Additional Costs$2,130 – $5,700

* The cost of airfare is estimated at $500 per intensive.
** The cost of accommodation is estimated  at $30 – $200 per night

INSTALLMENT OPTIONS

You can apply to pay your tuition in one of three installment options:

One payment

1 x $30,000 payment

Before programme start and receives a 5% discount ($1,500) on tuition.

Two payments

2 x $15,000 payments

Your first payment is due before the programme starts and the second installment is paid in the following calendar year.

Six payments

1 payment x $7,500

5 payments x $4,500 

Your first payment is due before the programme starts and then five subsequent installments are made every 3 months after that.

Funding Options

Most students will fund their annual tuition and travel expenses through a combination of sources, including:

1. EMPLOYER SPONSORSHIP

Generous employer benefits are available for organisations fully or partially sponsoring employees in the ALUSB MBA. Download the latest employer benefits here. Contact mba@alusb.com for assistance in helping you make the case for funding to your employer.

2. CHAIRMAN’S SCHOLARSHIP

The Chairman’s Scholarship is a $15,000 award for excellence in leadership. Two awards are available for the October 2020 MBA class. This scholarship recognises African business leaders with a track record of leading both in the workplace and the community. In order to apply, you must submit your ALUSB MBA application by the final application deadline: 3 August 2020.

 

3. PARTIAL SCHOLARSHIPS

Partial scholarships offering up to $10 000 each, to support:

are available to admitted candidates. Applicants must first gain admission to the MBA programme before they can apply.

Additional Funding Options

In addition to Employer Sponsorship students have drawn from following sources to fund their MBA:

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Self Funding

We expect you to finance at least a part of your MBA education through your savings and earnings.

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Bank Loans

We encourage you to explore all options that may be available to you, including bank loans.

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Family Sponsorship

Where possible, family support can be a good and flexible option to finance your MBA education.

Chairman’s Scholars

This scholarship seeks to celebrate leadership in the private or public sector by recognizing African business leaders with a track record leading both in the workplace and in the community.

CHAIRMAN’S SCHOLARS FOR THE CLASS OF 2021 (March 2020 Cohort)

ALU School of Business is proud to present our newest MBA chairman’s scholars: Emily Kinuthia of Kenya and Lukonga Lindunda of Zambia. These two remarkable African professionals will be joining the ALUSB MBA programme in March 2020. Read More

CHAIRMAN’S SCHOLARS FOR THE CLASS OF 2021 (October 2019 Cohort)

Two remarkable African business leaders were granted the chairman’s scholarship for their outstanding pan-African vision and their impact in transforming the business world which showcase their leadership potential. ALU School of Business is pleased to introduce our chairmen’ scholars Brian Kudzaishe Mataruka and Tafadzwa Bete Sasa. Read More

 

CHAIRMAN’S SCHOLAR FOR THE CLASS OF 2020
THE CLASS OF 2020 (March 2019 Cohort)

Every year, the ALU School of Business strives to find ambitious professionals for our MBA programme. And every year we are blown away by the amount of talent on the African continent. Our March 2019 cohort recipient has it all: leadership potential, a passion for uplifting her community and an ambitious vision for the future. ALUSB is proud to present our new Chairman’s Scholar Mahder Zewdie Gebretsadik! Read More

THE CLASS OF 2020 (July 2018 Cohort)

African Leadership University’s MBA Chairman’s Scholarship recognises excellence in leadership. Candidates are shortlisted for their outstanding professional achievements, pan-African ideals and for the significant impact that they are making to society. This year’s Chairman’s Scholar is no exception. ALU School of Business is delighted to confirm Dorcas Onyango as this year’s MBA Chairman’s Scholar. Read More

Inaugural Chairman’s Scholar for the Class of 2019

Congratulations to, Zimbabwean lawyer, Zanudeen Makorie the first recipient of ALUSB’s Chairman’s Scholarship for Excellence in Business Leadership. This year we received thousands of applications and have been impressed by the breadth of talent on the continent, which has confirmed our belief that this is indeed the African Century.

Zanudeen Makorie

Zanudeen Makorie is the General Counsel and Group Company Secretary of RioZim Limited, a former subsidiary of Rio Tinto Global and one of the leading resources-based listed companies in Zimbabwe. His responsibilities include managing the company’s litigation portfolio and leading the company’s corporate and strategic policy. Prior to his role at RioZim, Mr. Makorie was a Partner at Coghlan, Welsh and Guest, one of Zimbabwe’s top corporate and litigation law firms, where he was admitted into Partnership at the age of 27, becoming one of the youngest partners in the 100-year history of the firm. He is a member of the International Bar Association and the Law Society of Zimbabwe. He is also a contributor and author on WLSA Zimbabwe Property and Inheritance Rights Journal, with his focus being on property rights. Mr. Makorie holds a Bachelor of Laws (Hons.) from the University of Zimbabwe and a certificate in mineral resource management.”

Zanudeen Makorie

Zanudeen Makorie is the General Counsel and Group Company Secretary of RioZim Limited, a former subsidiary of Rio Tinto Global and one of the leading resources-based listed companies in Zimbabwe. His responsibilities include managing the company’s litigation portfolio and leading the company’s corporate and strategic policy. Prior to his role at RioZim, Mr. Makorie was a Partner at Coghlan, Welsh and Guest, one of Zimbabwe’s top corporate and litigation law firms, where he was admitted into Partnership at the age of 27, becoming one of the youngest partners in the 100-year history of the firm. He is a member of the International Bar Association and the Law Society of Zimbabwe. He is also a contributor and author on WLSA Zimbabwe Property and Inheritance Rights Journal, with his focus being on property rights. Mr. Makorie holds a Bachelor of Laws (Hons.) from the University of Zimbabwe and a certificate in mineral resource management.”

 

FINANCIAL ASSISTANCE PROCESS

These steps layout the ALUSB financial assistance process:

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APPLICATION COMPLETION

Complete your application to the MBA and secure admission to the programme. Please consider our 3 round deadlines.

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Financing Process

If admitted to the ALUSB MBA, you should be clear about how you plan to finance your MBA, before enrolling. 

ALU is currently exploring financial options that could be helpful to students and will provide more education when available. In the meantime, we encourage you to explore all financing options, including personal loans, to make the best decisions for yourself.

Sample personal loan rates may vary by bank and country. For instance, South Africa: 10-12%, Zimbabwe: 12-15%, Kenya: 14%, Nigeria: ~20%.

Need to check in? Contact mba@alusb.com with your questions.

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