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

Due on 4 March each year.

Six payments

1 x $7,500 and 5 x $4,500

First payment due before programme begins and then 14 June, 14 September, 14 January, 14 June and 14 September after that.

Funding Options

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

1. EMPLOYER SPONSORSHIP

The first place we encourage you to look for funding is your employer. Many employers have a budget for supporting their employees’ professional development and are often willing to fund MBA programmes as a means of retaining talent in the organisation. Contact mba@alusb.com  make the case for assistance in helping you make the business case for this MBA to your employer.

2. CHAIRMAN’S SCHOLARSHIP

The Chairman’s Scholarship is a full-tuition award for excellence in leadership. This scholarship seeks to recognise African business leaders with a track record of leading both in the workplace and the community. One scholarship is available per class. In order to qualify you must submit your ALUSB MBA application by the final application deadline: 14 January 2019. 

 

3. PARTIAL SCHOLARSHIPS

Partial scholarships offering up to $5000 each, to support, Women, Leaders or Social Impact, are available to admitted candidates. Applicants must first gain admission to the MBA programme before applying.

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 SCHOLAR FOR THE CLASS OF 2020

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.

 

DORCAS ONYANGO

Dorcas Onyango is Head of Sustainability for Coca-Cola Southern & East Africa Business Unit. In this role, she will embed sustainability into the business and leverage Coca-Cola’s value chain to generate shared value for the business and communities in need. Skilled in strategic planning, project management, strategic communications and stakeholder engagement management, and project management, Dorcas has over 15 years working experience in Development, Marketing, Advertising and Corporate Communications, Sustainability and Change Management functions. Prior to her current role and as the Director for Programs and Partnerships within The Coca-Cola Africa Foundation (TCCAF), she led complex, multi geography community upliftment projects. On behalf of Coca-Cola she stewarded the efforts of Coca-Cola and its partners from civil society and government to implement water, health and youth empowerment projects as well as 5by20, a global initiative by The Coca-Cola Company (TCCC) to empower 5 million women by 2020 through inclusive business strategies. She implemented Coca-Cola’s signature Water Sanitation and Hygiene program, Replenish Africa Initiative (RAIN) and was instrumental in the scaling up efforts of Project Last Mile (PLM).

 

Dorcas graduated from University of Nairobi with a Bachelor of Commerce (Marketing option). She studied Advertising and Marketing Communications Management at the Red and Yellow School, Cape Town, South Africa and, holds a certificate in Business Sustainability Management from Cambridge Institute for Sustainability Leadership, part of the University of Cambridge.

 

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 2 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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