London Business School
| London Business School | |||||||||
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| Established | 1964 - London Graduate School of Business | ||||||||
| Type | Public | ||||||||
| Endowment | £75.4m[1] | ||||||||
| Chancellor | HRH The Princess Royal (University of London) | ||||||||
| Dean | Sir Andrew Likierman | ||||||||
| Students | 2,000 | ||||||||
| Location | London, England, UK Coordinates: 51°31′35″N 0°09′39″W / 51.52639°N 0.16083°W |
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| Campus | Urban | ||||||||
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| Affiliations | University of London | ||||||||
| Website | www.london.edu | ||||||||
London Business School (LBS) is an international business school and a constituent college of the federal University of London, located in central London, beside Regent's Park. LBS teaches postgraduate programmes in finance and management, in addition to its flagship Master of Business Administration (MBA and EMBA) program, it also offers the Sloan Fellowship Program for experienced business executives, a Masters in Finance (also known as MiF, a finance specialist programme), a Masters in Management for students with less than a year's work experience, a PhD, as well as non-masters programmes 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.[2] It has close 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 often ranked among the top business schools in Europe, and among the top 10 business schools in the world. In 2011, London Business School was ranked number one in the world for its MBA programme by the Financial Times for the third year in a row.[3] In 2009 the school shared this ranking with The Wharton School of the University of Pennsylvania. The school's admissions process is highly selective, making it one of the most competitive business schools in the world. A high GPA, high GMAT score, and strong non-quantitative credentials are typically prerequisites to admission. Successful applicants for the full-time MBA have an average GMAT score of 701.
Over 1,000 degree students from 130 countries graduate from the School each year. A further 3,000-plus executives attend the School executive education programmes each year. The School has over 33,000 alumni in more than 120 countries, organised through 65-plus alumni clubs.[4]
London Business School holds the European Foundation for Management Development Equis accreditation as well as that of the AACSB. The MBA and Sloan Fellowship MSc programmes are accredited through AMBA.
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[edit] Campus
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.[citation needed] 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, two 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 programs, 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.
[edit] Teaching programmes
[edit] Full-time MBA
| School rankings (overall) | |
|---|---|
| Worldwide MBA | |
| América Economía[5] | 2 |
| CNN Expansion[6] | 3 |
| Economist[7] | 13 |
| Financial Times[8] | 4 |
The school's flagship is its 15-21 month Master of Business Administration degree. MBA students take a prescribed set of core courses, then choose electives from a choice of 70. Class size has been around 400 students in every annual cohort, with a total of 800 students on the 15-21 month MBA. These are broken into five streams of around 80 students which undertake all core courses together. The school is proud of the diversity of the student body and the 2008 intake - graduating in 2010 - consisted of 320 students from 60 nations with 25 per cent female and only 9 per cent from the UK (20 per cent from North America).
Beyond academic teaching, the school puts an emphasis on personal development, particularly in terms of 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.
Top Recruiters:[9]
- Finance - Goldman Sachs, J.P. Morgan, UBS, Morgan Stanley, Credit Suisse, BNP Paribas, Barclays, Deutsche Bank.
- Consulting - McKinsey & Company, The Boston Consulting Group, Booz & Company, Bain & Company.
- Industry - Google, American Express, BT, Shell, Johnson & Johnson, Pepsico, BP.
In global rankings for 2011, LBS was ranked #4 by Financial Times, #2 by América Economía, #3 by CNN Expansion, and #13 by The Economist. Among non-U.S. programmes for 2011, LBS was ranked #1 by Forbes and #5 by Bloomberg BusinessWeek.
[edit] 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 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, Northwestern University, Indian School of Business among others.
[edit] Admission to the MBA program
Key Admission Stats – LBS MBA:
Average GMAT of admits: 700
Average Age of admits: 29
Average work experience: 5.7 years
Percentage of international students: 89%
Candidates applying to LBS MBA program are advised to research the school and MBA program thoroughly, in order to show understanding of what makes school unique. [1]. It is also important to show international experience, orientation or ambitions, and to emphasize what you will contribute to campus, mainly by mentioning clubs and activities.
Admission requirements include 6 required essays, resume, two letters of reference (one of them from the current employer), original transcripts, GMAT score and proof of English language ability. The program has 4 application deadlines.
[edit] 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".[10]
[edit] Sloan Masters in Leadership and Strategy
The Sloan Fellowship at London Business School was established in 1968 and is a master's degree program designed for senior executives, accomplished professionals and entrepreneurs with significant experience of decision-making at strategic levels.[11] The admission process is highly competitive and selective. On average, Sloan Fellows already have 15 years of management experience when being admitted to the program. A typical class is highly diverse and includes attendees from 13-23 different countries.[12]
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.
[edit] Masters in Finance
The School offers a "Master's in Finance" ("MiF") programme[13] on both a part and full time basis. This specialist master's degree in finance is a postgraduate qualification for professionals with previous experience in finance. According to the School, the programme trains students seeking careers in such diverse areas as trading, private equity, asset management, investment banking and the finance roles in industries. Around 145 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 was 700 in 2007. In 2011, it was ranked as the #1 Masters in Finance (post-experience) programme in the world by Financial Times.
[edit] Masters in Management
The Masters in Management (MiM) is a one year masters degree in management aimed at students with less than one year of work experience. 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. [14]
[edit] Executive Education
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.[15]
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.[16]
[edit] Research
The school's 150 faculty work through 16 research centres or institutes.[17] London Business School announced that the research center for women in business is going to close in June 2009, should no corporate sponsor be found.[18]
[edit] PhD programme
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.[19]
For more information on PhD programmes in Business related areas, please see: PhD in Management.
[edit] Notable people
[edit] Notable faculty and staff
- Constantinos C. Markides - Robert P. Bauman Professor of Strategic Leadership
- Süleyman Başak - financial economist, Professor at the Institute of Finance and Accounting
- 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
- 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
- Terence Burns, Baron 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
- Richard Portes - Fellow of the British Academy and a Fellow of the Econometric Society. He was awarded the CBE for his services to Economics in 2003
- Nirmalya Kumar - renowned marketing expert. Author of the best-selling Private Label Strategyt seller
- Michael Earl - former Professor of Information Management, Deputy Director of the Centre for Network Economy, and acting Dean
- George Yip - Dean of Rotterdam School of Management. Former Professor of Strategic and International Management, and Associate Dean at the London Business School
- 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
[edit] Notable alumni
- Sir David Arculus, Chairman of the Board, O2
- Nicholas Ashley-Cooper, 12th Earl of Shaftesbury, COO, GoMix Music Software Corporation
- Sükhbaataryn Batbold, Prime minister of Mongolia
- Kumar Birla - Chairman, Aditya Birla Group
- David Davis - member of the British House of Commons
- Sir John Egan – Chairman, Severn Trent plc
- Justine Greening - member of the British House of Commons
- Sir Richard Greenbury - Chairman and Chief Executive, Marks & Spencer
- Huw Jenkins - former CEO, Investment Banking, UBS
- John Jennings (businessman) - Chairman of the Board, BC Cancer Foundation
- Sir Chris Kelly KCB – Chairman, NSPCC
- Thomas Kwok - Vice Chairman and Managing Director, Sun Hung Kai Properties
- Oliver Letwin - member of the British House of Commons
- Cyrus Pallonji Mistry, Deputy Chairman and Chairman-designate of the Tata Group
- Nigel Morris - Co-founder, Capital One Financial Services
- David Muir - Director of Political Strategy, to then British Prime Minister Gordon Brown MP
- Ted Pietka - Supervisory Board Member in Boryszew S.A..
- Omar Samra - First Egyptian to climb Mount Everest
- The Hon Wong Kan Seng - Deputy Prime Minister, Singapore
- Sir John Sunderland (businessman) – Chairman, Cadbury Schweppes plc
- Tony Wheeler - Founder, Lonely Planet
[edit] See also
[edit] References
- ^ "Financial Statements" (PDF). London Business School. http://www.london.edu/assets/documents/theschool/Financial_statements_2008.pdf. Retrieved 2009-06-24.
- ^ "AIM25: London Business School: Administrative Records". London Business School. http://www.aim25.ac.uk/cgi-bin/search2?coll_id=6338&inst_id=32. Retrieved 2007-06-16.
- ^ "FT Global MBA Rankings". Financial Times. http://rankings.ft.com/businessschoolrankings/global-mba-rankings-2011. Retrieved 2010-01-25.
- ^ "Alumni, London Business School". London Business School. Archived from the original on 2007-12-13. http://web.archive.org/web/20071213161326/http://www.london.edu/alumnicommunity.html. Retrieved 2008-01-11.
- ^ "Ránking Global de las Mejores Escuelas de Negocios". América Economía. 2011. http://rankings.americaeconomia.com/2011/mba/ranking-mba-global.php. Retrieved 2011-10-30.
- ^ "Ranking:Los Mejores MBA en el mundo 2010". CNN Expansion. 2010. http://www.cnnexpansion.com/expansion/2010/02/14/rankinglos-mejores-mba-en-el-mundo-2010. Retrieved 2011-10-30.
- ^ "Which MBA". The Economist. 2011. http://www.economist.com/whichmba/full-time-mba-ranking. Retrieved 2011-10-16.
- ^ "Global MBA Rankings". Financial Times. 2012. http://rankings.ft.com/businessschoolrankings/global-mba-rankings-2012. Retrieved 2012-2-14.
- ^ "London Business School MBA Employment Report 2008.". http://www.london.edu/assets/documents/programmes/MBA_Emp_Rep_2008.pdf. Retrieved 2009-10-05.
- ^ "What is the difference between EMBA-Global Asia and other Executive MBA programmes?". London Business School. http://www.emba-global.com/asia/faqs.html?WT.svl=topnav#Other_EMBA_difference. Retrieved 2009-06-24.
- ^ "Sloan Masters in Leadership and Strategy". London Business School. http://www.london.edu/programmes/sloanfellowshipmsc.html. Retrieved 2009-06-23.
- ^ http://www.london.edu/programmes/sloanmastersinleadershipandstrategy/whoisthesloanprogrammedesignedfor.html
- ^ "Masters in Finance". London Business School. http://www.london.edu/mif.html. Retrieved 2009-06-23.
- ^ "Masters in Management Programme Detail". London Business School. http://www.london.edu/mastersinmanagement/programmedetails.html. Retrieved 2009-06-23.[dead link]
- ^ "Open Programmes at London Business School". London Business School. http://www.london.edu/executiveeducation/programmesforindividuals.html. Retrieved 2001-01-28.[dead link]
- ^ "Custom Programmes at London Business School". London Business School. http://www.london.edu/executiveeducation/custom.html. Retrieved 2001-01-28.[dead link]
- ^ "Research activities: London Business School, Faculty & Research". London Business School. Archived from the original on 2007-05-26. http://web.archive.org/web/20070526095523/http://www.london.edu/researchactivities.html. Retrieved 2007-06-16.
- ^ "End of research on women on MBA Channel". London Business School. http://www.mba-channel.com/channel/article/lbs-women-research-frauenforschung. Retrieved 2009-06-04.
- ^ "PhD: London Business School, Programmes". London Business School. http://www.london.edu/phd.html. Retrieved 2007-06-16.
[edit] External links
- London Business School – website
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