London Business School
||This article appears to be written like an advertisement. (November 2013)|
- Not to be confused with the London School of Business & Finance
|London Business School|
|Motto||To develop insights and leaders that have impact|
|Type||Public business school|
|Chancellor||HRH The Princess Royal (University of London)|
|Dean||Sir Andrew Likierman|
|Location||London, England, UK
|Affiliations||University of London, AACSB, EQUIS, AMBA|
London Business School (LBS) is a business school and a constituent college of the University of London, located in central London, England, United Kingdom. LBS offers various academic programmes including the Masters of Business Administration (MBA and EMBA), Sloan Fellowship for experienced business executives (MSc), Masters in Finance (MiF), Masters in Management for students with less than a year of work experience (MiM), PhD, and non-masters classes for business executives.
It was established in 1964, after the Franks Report recommended the establishment of two business schools, as part of existing universities (London Business School and Manchester Business School), but with considerable autonomy. It has collaborations with the nearby University College London and the Modern Language Centre at King's College London. In December 2006 launched its operations in Dubai, which include an executive MBA degree and Executive Education programmes.
LBS is consistently ranked as one of the top 2 business schools in Europe and as one of the top 10 business schools in the world. The school's admissions process is highly selective, making it one of the most competitive business schools to get into in the world.
Over 1,800 degree students from 130 countries graduate from the School each year. A further 7,400 executives attend the School executive education programmes each year. The School has over 35,000 alumni in more than 135 countries, organised through 65-plus alumni clubs.
London Business School holds the European Foundation for Management Development Equis accreditation as well as that of the AACSB. The MBA, Executive MBA, Sloan Masters in Leadership and Strategy, and Master's in Management programmes are accredited through AMBA.
- 1 History
- 2 Campus
- 3 Programmes and Rankings
- 4 Research
- 5 Notable people
- 6 See also
- 7 References
- 8 External links
|This section requires expansion. (January 2013)|
It was established in 1964, after the Franks Report recommended the establishment of two business schools, as part of existing universities (London Business School and Manchester Business School), but with considerable autonomy.
The LBS campus is located in Marylebone, on the perimeter of Regent's Park and a short walk from Baker Street underground station. The main building, projected by John Nash along with the entire area of Regents Park, was originally built as 26 terraced houses in 1822-23. There are ten pointed cupolas along the roofline. The façade is adorned with Corinthian columns.
LBS maintains a number of facilities, including a sports centre, a restaurant, three cafes and library, that are dedicated for the exclusive use of its community. A privately run pub is also attached to campus. Most classrooms for the MBA are located in the Sainsbury Wing, the centre of the terrance, most of which are 100-student amphitheatre rooms with approximately five rows in a semicircle.
There is no accommodation on campus for students in full-time programmes, although there are rooms on-campus for visiting faculty and executive education participants. Most students choose to live in nearby private residential buildings or in students halls of residence such as the International Students House, London.
Programmes and Rankings
|School rankings (overall)|
The school's flagship is its flexible 15-21 month Master of Business Administration degree. MBA students take a prescribed set of core courses then choose from roughly 70 different electives. Class size has been around 400 students in every annual cohort. These are broken into 5 streams of around 80 students who take all core courses together. The school is extremely proud of the international diversity of each annual cohort with over 95% of students coming from outside of the United Kingdom. Also, each MBA class has roughly 33% women.
Beyond academics, the school puts an emphasis on personal development, particularly leadership and global awareness, thanks to specific workshops led by external consultants. In addition to a range of elective courses at the London Business School, the school has a very wide network of around 32 exchange schools around the world. Each academic year around 100 London Business School students spend a term at another leading business school. London Business School's diverse graduates come from 130 different countries and from a wide range of professional backgrounds. After the completion of the MBA programme, graduates accept top positions with major recruiters across Industry, Finance and Consulting sectors all around the world.
- Finance - Goldman Sachs, J.P. Morgan, UBS, Morgan Stanley, Credit Suisse, Citi, Barclays, Deutsche Bank, Bank of America Merrill Lynch.
- Consulting - McKinsey & Company, The Boston Consulting Group, Booz & Company, Bain & Company, A.T. Kearney, Oliver Wyman.
- Industry - Google, American Express, Amazon.com, Microsoft, Shell, Johnson & Johnson, BP.
In the 2013 QS Global 200 Business Schools Report, a report that ranks the top business schools in the world (including the best business schools in the United States) for employer reputation, London Business School ranks in the top 10 in all 10 of the MBA specializations detailed in the report. The 10 specializations include: Corporate Social Responsibility, Entrepreneurship, Finance, Information Management, Innovation, International Management, Leadership, Marketing, Operations Management, and Strategy. Other business schools that also rank in the top 10 in all specializations include: Harvard Business School, Stanford Graduate School of Business, Wharton School of the University of Pennsylvania, and INSEAD.
Among non-U.S. programmes, LBS was ranked #1 by Bloomberg BusinessWeek in 2012, #3 by The Economist in 2012, #1 by Financial Times in 2012, #1 by Poets & Quants in 2012, #2 in Europe by QS Global 200 Business Schools Report in 2013,#1 in Europe by Forbes in 2011 and 2012 
International Exchange Programme
The MBA Programme at London Business School has one of the world's largest international exchange programmes. Each year approximately 35 per cent of second-year MBAs spend a term abroad at one of over 30 partner schools, including IESE Business School, Booth School of Business of the The University of Chicago, The Wharton School of the University of Pennsylvania, UCLA Anderson School of Management, the MIT Sloan School of Management, Tuck School of Business at Dartmouth College, Columbia Business School, Kellogg School of Management at Northwestern University, Haas School of Business at UC Berkeley, McDonough School of Business at Georgetown University, Indian School of Business among others.
Executive MBA programmes
The school offers four part-time Executive MBA degrees, which are completed in between 16 and 20 months. At an academic level, the school offers the same degree to both Executive and Full-time MBA students. The programmes involve very similar core courses to the full-time MBA, international field work and a wide range of elective courses. The course ends with a capstone together with company project or management report.
- Executive MBA (London). This rigorous programme is designed to transform ambitious mid-career managers into global, multi-skilled business leaders. The programme provides a solid foundation in all areas of business and management, and the flexibility to specialise. Core courses are taught on Fridays and Saturdays of alternate weeks to accommodate a diverse community of busy executives, many of whom commute. Students then undertake electives and an international assignment. The EMBA has start dates in January and September and awards an MBA.
- Executive MBA (Dubai). This dual-campus programme is designed for mid-career professionals, executives and entrepreneurs who are passionate about business opportunities in the Gulf region and beyond. The programme begins with an orientation week in London. Following this, students take 10 core modules, which are taught in a four or five-day block each month in Dubai. Students then undertake electives, which are primarily offered in London, and an international assignment. Two additional core modules take place in London. The EMBA has start dates in January and September and awards an MBA.
- EMBA-Global Americas and Europe. A further 140 executives are enrolled in the dual-degree EMBA-Global Programme. It is taught in partnership with Columbia Business School, and is designed for fast-track executives able to demonstrate sustained management experience with an international focus. Graduates are awarded degrees from both universities. The first year involves week-long modules each month alternating between London and New York. In the second year, students select from the full range of electives available at the participating schools.
- EMBA-Global Asia. London Business School launched this programme in 2008 jointly with Hong Kong University and Columbia. Teaching takes place at all three business schools. While the first year is modelled on the transatlantic EMBA-Global, the school states that because "EMBA-Global Asia is designed for people who have or will have significant trans-national responsibilities, all courses reflect a greater proportion of global material".
Sloan Masters in Leadership and Strategy
The Sloan Fellowship at London Business School was established in 1968 and is a master's degree programme designed for senior executives, accomplished professionals and entrepreneurs with significant experience of decision-making at strategic levels. The admission process is highly competitive and selective. On average, Sloan Fellows already have 15 years of management experience when being admitted to the programme. A typical class is highly diverse and includes attendees from 13-23 different countries.
This 12-month, full-time Masters degree programme is designed to shape today's senior managers into effective leaders of tomorrow. The London Business School Sloan programme focuses on strategy, leadership and change, and globalisation. It hones the knowledge and skills of people who already have established, successful careers. Besides London Business School, the Sloan programme runs at Stanford Graduate School of Business and the MIT Sloan School of Management.
Masters in Finance
The School offers a "Master's in Finance" ("MiF") programme on both a part- and full-time basis. This master's degree in finance is a highly specialist, technical postgraduate qualification for professionals with previous financial experience who want to accelerate their careers in finance. Taught by London Business School's leading finance faculty, students gain thorough grounding in the principles and practice of finance including financial economics, asset pricing and capital markets, financial analysis and corporate finance. Around 120 students attend the full-time programme, while 150 attend the part-time degree. The average GMAT score of successful applicants for the full-time master's in finance is around 700. In 2011, 2012 and 2013, it was ranked as the #1 Masters in Finance (post-experience) programme in the world by Financial Times.
Masters in Management
The Masters in Management (MiM) is a one year masters degree in management aimed at recent graduates who have less than one year of full-time postgraduate corporate work experience or less than two years of experience in a non-traditional business role, and the motivation and desire to build a strong foundation for a career in business. The programme aims to provide a strong foundation in all areas of business knowledge as well as the practical skills demanded by top graduate recruiters.
The programme is completed as a series of compulsory modules with lectures, workshops, guest speakers, case studies, and group and individual project work.
Around 8,000 executives attend the School's non-degree programmes each year. The School offers a portfolio of 31 Executive Education programmes in general management, strategy, leadership, marketing, human resources and finance. These programmes are split into two main areas, open programmes and custom programmes:
London Business School offer Open Programmes for individuals in General Management, Strategy, Leadership, Marketing, Human Resources and Finance.
Additionally, The Centre for Management Development (CMD) at London Business School designs and delivers Custom Programmes for groups of executives in organisations around the world. The programmes are based on requirements and strategic business objectives to create the correct method of learning.
The school's 150 faculty work through 16 research centres or institutes. London Business School announced that the research centre for women in business is going to close in June 2009, should no corporate sponsor be found.
London Business School offers a 5-yr based full-time PhD programme. It supports 60 fully funded PhD candidates in seven doctoral programmes: Accounting, Economics, Finance, Management Science & Operations, Marketing, Organisational Behaviour, and Strategic & International Management.
For more information on PhD programmes in Business related areas, please see: PhD in Management.
Notable faculty and staff
- Sir James Ball, economist
- Süleyman Başak - financial economist
- Sir Alan Budd - professor of economics, director of the Centre for Economic Forecasting, economic advisor for Barclays Bank, and member of the Advisory Board for Research Councils
- The Rt. Hon the Lord Burns - Chairman of Abbey National plc, Non-Executive Chairman of Glas Cymru, and a Non-Executive Director of Pearson Group plc. He is also President of The National Institute of Economic and Social Research, President of the The Society of Business Economists, Chairman of the Governing Body of the Royal Academy of Music, Chairman of Channel 4, and Chairman of the Monteverdi Choir and Orchestra
- Michael Earl - former Professor of Information Management, Deputy Director of the Centre for Network Economy, and acting Dean
- Gary Hamel - originator (with C.K. Prahalad) of the concept of core competencies of an organization, and contributed to the theoretical development and evolution of the resource-based view
- Charles Handy - former professor - London Business School, rated among Thinkers 50 - a list of the most influential living management thinkers
- Constantinos C. Markides - Robert P. Bauman Professor of Strategic Leadership
- Nirmalya Kumar - marketing professor. Author of the Private Label Strategy
- Bill Moggridge - British industrial and interaction designer, co-founder of the Silicon Valley-based design firm IDEO. Helped design what was arguably the first laptop computer, the GRiD Compass. Awarded the lifetime achievement award at the National Design Awards at the White House in 2009
- Richard Portes - economist
- George Yip - Dean of Rotterdam School of Management. Former Professor of Strategic and International Management, and Associate Dean at the London Business School
- Kaveh Alamouti - CEO of Citadel LLC Asset Management Europe
- Sheikh Mohamed Althani - President of Qatar Connect
- Nigel Andrews - Former non-Executive Chairman of Old Mutual Asset Management
- Sir David Arculus - Chairman of the Board, O2
- Nicholas Ashley-Cooper, 12th Earl of Shaftesbury
- Gregory Leonard George Barker - British Conservative Party politician and the Member of Parliament (MP) for Bexhill and Battle
- Sükhbaataryn Batbold - Former Prime Minister of Mongolia, Member of Parliament of Mongolia, and General Secretary of the Mongolian People's Party 
- Pablo Zalba Bidegain - Member of European Parliament (Spain)
- Kumar Birla - Chairman, Aditya Birla Group
- Ronald Boire - Former President and CEO of Brookstone 
- Vice Admiral Paul Boissier (Royal Navy officer) - Former CB Deputy Commander-in-Chief, British Navy Maritime Forces; CEO of Royal National Lifeboat Institution (RNLI)
- Michael Bolingbroke - COO of Manchester United F.C.
- John Bowmer - Former CEO of Adecco 
- Julian William Hendy Brazier - British Conservative Party politician and the Member of Parliament (MP) for Canterbury
- Jonathan Coleman (politician) - Member of Parliament (New Zealand)
- Don Cowan - Former CEO and President of ABN AMRO Bank Canada
- David Davis - member of the British House of Commons
- John Dembitz - Chairman of Allanfield Group PLC 
- Sir John Egan – Former CEO of Jaguar Cars, Former CEO of BAA, Chairman of Severn Trent plc
- Timothy Faithfull - Former President and CEO of Shell Canada
- Justine Greening - member of the British House of Commons
- Sir Richard Greenbury - Chairman and CEO, Marks & Spencer
- Prince Faisal bin Al Hussein - Special Assistant to Chairman & Joint Chiefs of Staff, Jordanian Armed Forces
- Richard Hytner - Deputy Chairman Worldwide of Saatchi & Saatchi 
- Huw Jenkins - former CEO, Investment Banking, UBS
- John Jennings (businessman) - Chancellor of Loughborough University, 2003–2010
- Dyfrig John - Former CEO of HSBC Bank plc 
- Sir Chris Kelly KCB – Chairman, NSPCC
- Maria Kiwanuka - Minister of Finance in Cabinet of Uganda 
- Thomas Kwok - Vice Chairman and Managing Director, Sun Hung Kai Properties
- Oliver Letwin - member of the British House of Commons
- Alex Loudon - former professional cricketer
- Mary Marsh - Former CEO of NSPCC
- Cyrus Pallonji Mistry, Chairman and CEO of the Tata Group
- Adrian Monck, Head of Communications at World Economic Forum, former TV Journalist with CBS News
- Nigel Morris - Co-founder, Capital One Financial Services
- David Muir - Director of Political Strategy, to then British Prime Minister Gordon Brown MP
- Charles Nasser - CEO of Claranet
- Sir Christopher J. O'Donnell - Former CEO of Smith & Nephew
- Idan Ofer - Chairman of Israel Corporation / Principal of Quantum Pacific International Limited 
- Paul Onwuanibe - CEO of Landmark Group
- Kenneth Ouriel - prominent vascular surgeon and medical researcher
- Mike Parsons - CEO of Barchester Healthcare
- Ted Pietka - Supervisory Board Member in Boryszew S.A..
- David E.I. Pyott - Chairman, President, and CEO of Allergan 
- Ramji Raghavan - Founder and Chairman of Agastya International Foundation
- Jim Ratcliffe - Chairman and CEO of Ineos Chemicals Group
- Omar Samra - First Egyptian and youngest Arab to climb Mount Everest
- Stewart Wallis - Executive Director of New Economics Foundation
- The Hon Wong Kan Seng - Deputy Prime Minister, Singapore
- Sir John Sunderland (businessman) – Chairman, Cadbury Schweppes plc
- Tony Wheeler - Founder, Lonely Planet
- Roys Poyiadjis - Entrepreneur and financier
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