London Business School

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NOT to be confused with the London School of Business & Finance
London Business School
London Business School logo.gif
Established 1964 - London Graduate School of Business
Type Public business school
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 / 51.52639; -0.16083
Campus Urban
Colours
               
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, England, United Kingdom, beside Regent's Park. LBS teaches postgraduate programmes in finance and management, in addition to its flagship Master of Business Administration (MBA and EMBA) programme. It also offers the Sloan Fellowship Programme 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. LBS is world-renowned for its ability to consistently build exceptionally international student bodies.

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 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. 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 to get into in the world.

Over 1,800 degree students from 130 countries graduate from the School each year.[4] 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.[5]

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.

Contents

History [edit]

[icon] 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.[2]

Campus [edit]

London Business School

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, 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 [edit]

Full-time MBA [edit]

School rankings (overall)
Worldwide MBA
América Economía[6] 2
Business Insider[7] 5
CNN Expansion[8] 3
Economist[9] 12
Financial Times[10] 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:[11]

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.[12] 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,[13] #3 by The Economist in 2012,[14] #1 by Financial Times in 2012,[15] #1 by Poets & Quants in 2012,[15] #2 in Europe by QS Global 200 Business Schools Report in 2013,[16]#1 in Europe by Forbes in 2011 and 2012 [17]

International Exchange Programme [edit]

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, Indian School of Business among others.

Executive MBA programmes [edit]

London Business School courtyard in snow

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".[18]

Sloan Masters in Leadership and Strategy [edit]

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.[19] 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.[20]

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 [edit]

The School offers a "Master's in Finance" ("MiF") programme[21] on both a part- and full-time basis. This specialist 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 and 2012, it was ranked as the #1 Masters in Finance (post-experience) programme in the world by Financial Times.

Masters in Management [edit]

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.[22]

Executive Education [edit]

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.[23]

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.[24]

Research [edit]

The school's 150 faculty work through 16 research centres or institutes.[25] 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.[26]

PhD programme [edit]

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.[27]

For more information on PhD programmes in Business related areas, please see: PhD in Management.

Notable people [edit]

Notable faculty and staff [edit]

 This section needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. (March 2013)

Notable alumni [edit]

See also [edit]

References [edit]

  1. ^ "Financial Statements" (PDF). London Business School. Retrieved 2009-06-24. 
  2. ^ a b "AIM25: London Business School: Administrative Records". London Business School. Retrieved 2007-06-16. 
  3. ^ "FT Global MBA Rankings". Financial Times. Retrieved 2010-01-25. 
  4. ^ http://www.london.edu/ourcommunity/students.html
  5. ^ "Alumni, London Business School". London Business School. Archived from the original on 2007-12-13. Retrieved 2008-01-11. 
  6. ^ "Ránking Global de las Mejores Escuelas de Negocios". América Economía. 2011. Retrieved 2011-10-30. 
  7. ^ "The World's Best Business Schools". Business Insider. 2011. Retrieved 2011-11-25. 
  8. ^ "Ranking:Los Mejores MBA en el mundo 2010". CNN Expansion. 2010. Retrieved 2011-10-30. 
  9. ^ "Which MBA". The Economist. 2011. Retrieved 2011-10-16. 
  10. ^ "Global MBA Rankings". Financial Times. 2012. Retrieved 2012-2-14. 
  11. ^ http://www.london.edu/assets/documents/programmes/MBA_Employment_Report.pdf
  12. ^ http://www.topmba.com/sites/default/files/snippet/qs-global200-business-schools-report-2013.pdf
  13. ^ http://www.businessweek.com/bschools/rankings/international
  14. ^ http://www.economist.com/whichmba/full-time-mba-ranking?term_node_tid_depth=77634
  15. ^ a b http://poetsandquants.com/school-profile/london-business-school/
  16. ^ http://www.topmba.com/sites/default/files/snippet/qs-global200-business-schools-report-2013.pdf
  17. ^ http://www.forbes.com/sites/mattsymonds/2012/11/29/the-best-business-schools-of-2012-the-ranking-of-mba-rankings/2/
  18. ^ "What is the difference between EMBA-Global Asia and other Executive MBA programmes?". London Business School. Retrieved 2009-06-24. 
  19. ^ "Sloan Masters in Leadership and Strategy". London Business School. Retrieved 2009-06-23. 
  20. ^ http://www.london.edu/programmes/sloanmastersinleadershipandstrategy/whoisthesloanprogrammedesignedfor.html
  21. ^ "Masters in Finance". London Business School. Retrieved 2009-06-23. 
  22. ^ "Masters in Management Programme Detail". London Business School. Retrieved 2009-06-23. [dead link]
  23. ^ "Open Programmes at London Business School". London Business School. Retrieved 2001-01-28. [dead link]
  24. ^ "Custom Programmes at London Business School". London Business School. Retrieved 2001-01-28. [dead link]
  25. ^ "Research activities: London Business School, Faculty & Research". London Business School. Archived from the original on 2007-05-26. Retrieved 2007-06-16. 
  26. ^ "End of research on women on MBA Channel". London Business School. Retrieved 2009-06-04. 
  27. ^ "PhD: London Business School, Programmes". London Business School. Retrieved 2007-06-16. 
  28. ^ "Jim Ball". Faculty Profiles. London Business School. Retrieved 25 March 2013. 
  29. ^ "Suleyman Basak". Faculty. London Business School. Retrieved 25 March 2013. 
  30. ^ "Richard Portes". Faculty Pages. London Business School. 1 December 2011. Retrieved 25 March 2013. 

External links [edit]

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