Lake Forest Graduate School of Management, located in Lake Forest, Illinois, was founded in 1946 to alleviate the lack of business professionals in the mid-west. The school was joined by several large companies to develop a program that trained individuals in management. Over the years the school has added programs and refined its offerings, and today is one of the largest business management schools in the midwestern United States. LFGSM operates three campuses in Illinois, located in Lake Forest, Schaumburg and Chicago.
Lake Forest Graduate School of Management solely offers Master's of Business Administration degrees. Programs are separated by how they are taught, with one providing immersion in simulated scenarios to develop business skills, another through sponsorship from a business, and the final offering a more traditional education in business management. Programs are constantly updated by incorporating new ideas and methodologies into the curriculum, ensuring they remain relevant and current.
Admissions and Financial Aid
Students interested in enrollment at Lake Forest Graduate School of Management must have a bachelor's degree, four years of work experience, and for some programs must be currently employed. Individuals who meet the requirements for admission must submit an application, which will be reviewed and a final decision rendered after an interview with the candidate.
Financial aid is available in the form of direct loans administered by the school. Students in need of financial assistance should work with the school's financial aid department to determine one's needs and to develop a plan for payment. Financial aid loans must be repaid after completing the program through a payment plan agreed to upon accepting the loan.
Estimated Costs & Financial Aid
The items listed below are for informational purposes only and may not represent current tuition, fees, and expenses.
Note: Financial aid is only available for those who qualify, check with the school for details.
Tuition & Fees Information
- The estimated tuition for part time students is around $1,100 to $1,400 per credit hour
Alternate Tuition Plan Options Available
- Some programs may have tuition rates that will remain the same as the first year for up to five years.
Academics & Student Services
Student ServicesTo support students and graduates, Lake Forest Graduate School of Management may offer services to students like those listed below:
- Night and weekend classes available
- Counseling assistance