At LFGSM, we take a holistic approach. We take a look at your entire career and experience. GMAT is not required.
MBA Admissions Requirements
You're a busy business professional so we make working with LFGSM easy. Our streamlined admissions process is just a few essential steps, and there is no GMAT requirement:
- Admissions discussion (may be completed virtually or in person)
- Current resume or robust LinkedIn profile
- Official academic transcripts with undergraduate or graduate degree awarded
- One letter of recommendation
- Application with personal statement
Schedule a 15 minute call with one of our admissions managers.
Graduate Certificate and Single Course Requirements
- Current resume or robust LinkedIn profile
- Application
Students with an undergraduate degree who successfully complete a Graduate Certificate or single course may submit their official transcripts to apply as a degree-seeking MBA student.
Tuition
To estimate the cost of graduate school tuition for our graduate business programs, here are the costs for the 2022-2023 academic year.
$3,510
Number of Courses Required for MBA:
16*
Number of Courses Required for Graduate Certificate:
4
Average Textbook Costs Per Course:
$120
Your admissions representative is happy to provide you a personalized tuition planning worksheet. For more information about tuition and fees and for a personalized tuition worksheet, please contact the Admissions Office.
​*The number of courses are subject to change based on certification credit, tuition credit and prior experience credit.
Scholarships
For more than 75 years, Lake Forest Graduate School has remained committed to positively impacting the business community.
Today, we are giving back even more, and you can benefit!
LFGSM is offering Impact Scholarships - our most generous scholarships ever. We want to impact your bottom line so that you can focus on accelerating your career and making a powerful impact within your organization.
MBA scholarships range from $7,500 - $20,000, and graduate certificate students can earn $2,000. Submit your resume and application to determine your eligibility.
Lake Forest participates in the Yellow Ribbon Scholarship Program.
Federal Financial Aid
If you are a US citizen or permanent resident, you are eligible to apply for a Federal Direct Unsubsidized Loan or a Direct PLUS Loan. The Federal Direct Loan and Direct PLUS Programs (formally known as the Grad PLUS Loans) provides low-interest loans to US citizens pursuing graduate education.
To apply for federal financial assistance, you must submit the following:
- Obtain an FSA ID from this Department of Education website. You will need an FSA ID to complete the FAFSA.
- Complete the Free Application for Federal Student Aid (FAFSA) online that corresponds to your start date.
Admissions provides a financial aid checklist to help you keep track of all the forms needed and the dates they need to be submitted by. Contact our Admissions team
LFGSM subscribes to a Financial Aid Code of Conduct. Read about it here.
Certifications and Course Waivers
Your expertise should mean something for your degree. This is why we have no GMAT requirement. LFGSM values the hard work you've put into your career and acknowledges your professional certifications by offering course waivers where content overlaps. Find out which of your credentials could qualify for course waivers and begin building on the knowledge and expertise you already have.
To learn more, contact an Admissions team member.
Our Faculty
LFGSM has Business Leader Faculty® who bring their real-world expertise to the classroom. For more information, click here.