London School of Business and Finance

From Wikipedia, the free encyclopedia
Jump to: navigation, search
London School of Business and Finance
alt=The London School  of Business and Finance logo
Motto Shaping Success in Business and Finance
Established 2003
Type Private business school
Rector and CEO Professor Dr Maurits Van Rooijen
Vice-Rector Professor James Kirkbride
Patron Prince Michael of Kent
Location London, United Kingdom
Campuses London, Birmingham, Manchester, Toronto, Singapore
Website http://www.lsbf.org.uk

The London School of Business and Finance (informally LSBF) is a private for-profit[1] business school based in London, United Kingdom.[2] It is completely separate from and not affiliated with the similarly-named London Business School (LBS), which is the graduate business school of the University of London. LSBF offers Master's degree programmes in management, finance and marketing; bachelor degrees; executive and corporate training; and professional qualification training for the ACCA, CFA, CIM and CIMA qualifications. LSBF is based in Holborn, with two campuses in central London. In addition the school has campuses in Manchester and Birmingham, United Kingdom; Toronto, Canada; and Singapore. LSBF's teaching and education philosophy is based on offering students the opportunity to pursue both an academic degree and a professional qualification simultaneously.[3]

On 26 February 2014, the British High Commissioner to Singapore opened LSBF’s New CBD Campus in the heart of the financial district in Singapore.[4][5][6]

In June 2014, the UK Home Office started an investigation of LSBF, as well as 56 further private colleges and two universities, for possible violations of immigration requirements, resulting in a suspension of LSBF's status as a visa sponsor (Tier 4 sponsor licences).[7][8]


History[edit]

The main LSBF building in Holborn, London

The London School of Business and Finance was founded by Aaron Etingen in 2003.[9] It began as a provider of accountancy and finance programmes and training for professional qualifications such as ACCA and CIMA, later expanding to provide undergraduate and postgraduate degrees in partnership with other higher education institutions.

LSBF opened its first campus outside of the UK in Toronto, Canada, in February 2011.[10] In June 2011, LSBF opened an institute in Singapore, the first Asia-Pacific campus of a UK-based business school. At both international offices, the school provides accounting programmes and professional qualification training.[11][12]

In March 2010 LSBF launched an MBA that students may complete in as little as eight weekends.[13] To accomplish this, LSBF offers one of the eight required courses on campus each weekend, allowing students to acquire an MBA in a relatively short period of time compared to as long as two to three years at traditional institutions.

In October 2011, the British television channel BBC Three featured the LSBF School of English in a documentary about a group of young immigrants who went to the UK to realise their professional ambitions. One of the students was an LSBF student who enrolled for an English course to be prepared for an important job interview.[14]

In December 2011, Prince Michael of Kent chaired the inaugural lecture of a new series of annual business lectures in partnership with the Royal Society of Arts. The guest speaker was former Director-General of the CBI and former Minister of State for Trade & Investment, Lord Digby Jones.[15]

In April 2012, LSBF formed a partnership with London Metropolitan University, as part of which a suite of new London Metropolitan University-validated undergraduate, postgraduate and professional programmes were delivered by LSBF at its UK campuses, for both UK and international students.In December 2012 this joint partnership was ended by mutual agreement, with both LSBF and London Metropolitan University issuing the following press release "Both parties have agreed that, although much had been achieved during this period, given the basis on which the partnership had begun, and the changes in the higher education market, it would be better for each institution to take independent paths." [16]

In October 2012, LSBF appointed Professor Dr Maurits Van Rooijen as its new CEO and Rector.

In March 2013, LSBF teamed up with Liverpool Football Club to launch a new educational institution that will offer management and leadership training by teaching transferable skills from the football and the business worlds.[17] It was the first time a Premier League club and a business school have joined forces to launch an educational institution.[18] The new programme will be branded ELITES – Education and Learning Initiative Training Entrepreneurs in Sport.[19][20]

On 21 April 2013, LSBF was awarded the Queen's Award for Enterprise for its achievements in international trade.[21][22]

In May 2013, LSBF announced a partnership with eCornell, the e-learning arm of Cornell University. The agreement aims to offer online executive education in the UK, Russia and South America.[23][24]

In April 2013 - LSBF's Canadian campus part of the LSBF Group was issued a restraining order by the Canadian Ministry of Training Colleges & Universities. This was due to the charge by the government that they were charging fees and advertising an unregistered college.[25] In August 2013 - LSBF's Canadian campus were issued a fine of $64,000 for operating between April and May 2013 without license.[26] However, the Government of Ontario ruled in LSBF’s favour and reinstated the business as a Private Career College with it resuming operations in January 2014.[27]

In October 2013, the ITV TV series Exposure featured a story about private colleges in the UK. It highlighted questionable practices by LSBF, including in relation to their admissions process and their refund policies.[28]

In February 2014 it was reported[29] that all UK universities that had previously partnered with LSBF (the universities of Lincoln, Bradford and Central Lancashire) have ended their partnerships with LSBF. According to LSBF's website, academic partnerships exist with Concordia University Chicago, the Grenoble Graduate School of Business, the International Telematic University, eCornell, and others. [30]

On 24 June 2014, the UK Home Office suspended LSBF's licence to sponsor international students[31] due to "numerous, broader failings" in respect of LSBF's sponsorship duties, an allegation LSBF denies.[32]

Campuses and locations[edit]

The LSBF building in New Court, central London

LSBF is based in Central London. In the United Kingdom it has offices in Holborn and New Court, London, Manchester and Birmingham. LSBF currently has international offices in Singapore and Toronto, Canada, which offer preparatory courses for the ACCA professional qualification as well as Executive and Corporate Training.[33]

LSBF has representative offices in Colombia, the Czech Republic, Hong Kong, India, Kazakhstan, Pakistan, Russia, Switzerland and the United Arab Emirates.[34]

Organisation and administration[edit]

Governance[edit]

In October 2012, LSBF appointed Professor Dr Maurits Van Rooijen as its new CEO and Rector to expand innovation and academic development. Prior to his appointment at LSBF, Prof Van Rooijen was Rector Magnificus and CEO of the triple-accredited Nyenrode Business University in the Netherlands. With a career spanning 25 years, Prof Van Rooijen is an economic historian with a PhD in Green Urbanisation from the University of Utrecht. He has held positions at several universities across the globe, including University of Leiden, Erasmus University Rotterdam, and University of Westminster.[35]

Professor James Kirkbride has been Vice-Rector of LSBF since September 2010. LSBF's patron is Prince Michael of Kent.[36][37]

Ownership[edit]

LSBF is owned by Global University Systems, which also owns the London College of Contemporary Arts, St Patrick's College, London, and the GISMA Business School.[38]

LSBF is a company limited by guarantee and part of the LSBF Group, which also includes the London College of Contemporary Arts (LCCA), the e-learning platform InterActive, Finance Business Training (FBT), School of Fashion and Design (SFDLondon), LSBF School of English.

St Patrick's and LSBF work together in an alliance cooperation called The Central London Campus Alliance (CLCA). The CLCA schools share resources, best-practice, recruitment channels and other core functions. They remain distinct and separate legal entities.[39]

Academics[edit]

LSBF has five faculties including Accounting, Finance, Law, Management and Marketing. LSBF academic faculty members are regularly asked to add comment by the media on wider market issues as well as LSBF and partner initiatives.[40]

Programmes[edit]

LSBF collaborates with Grenoble Graduate School of Business to provide two-year Master’s degree programmes including MBA, MSc in Finance, and Master of International Business (MIB) and MSc Fashion and Luxury Management in addition to one undergraduate degree, the Bachelor in International Business. The school also provides dual MBA programs, which combine an MBA degree with another program, such as ACCA, CFA or CIMA.[39]

LSBF offers a range of undergraduate, postgraduate and professional programmes, including MBA Global, MSc Finance & Investment, BSc Business Management and Diplomas in Accounting & Finance and Strategic & Financial Management.[41]

With the University Of Central Lancashire (UCLAN), LSBF delivers a range of undergraduate programmes including Bachelors in Business Administration, Bachelors in Accounting & Financial Studies and LLB Law.[42]

LSBF previously offered an LLM in International Business Law in association with Bradford University. Currently, it offers an MA in International Business Law awarded by the International Telematic University UNINETTUNO.[43]

LSBF is also certified by the ACCA for tuition for the Diploma in Financial Management[44]

Professor and Vice Rector, James Kirkbride, speaking at the LSBF 2011 Summer graduation ceremony

Online programmes[edit]

LSBF delivers a wide range of programmes through the e-learning platform InterActive. This includes MBA, MSc in Finance, MSc in Marketing, ACCA, CIMA, CFA and a range of over 20 online Postgraduate Certificates. Through InterActive, students have access to online classrooms, discussion forums and a range of resources including live and recorded video lectures, 24-hour technical support service, online library and Harvard Business School 'Case in Point' publications to support their learning activities.[45]

In 2010 LSBF developed two applications using the social media platform Facebook: The LSBF Prep Centre for ACCA, a comprehensive study resource for students of ACCA, in a ‘try before you buy’ manner. The application offers study material that is available for all to view, free of charge.[46]

QAA assessments[edit]

In 2012, LSBF and its sister school, the Birmingham-based Finance Business Training (FBT), have gone through a series of assessments made by the Quality Assurance Agency for Higher Education (QAA). The first report, published on August 2012, followed inspections at FBT concluding that the former partnership between FBT and the University of Wales (terminated in 2011) presented several issues, including over-recruitment and problems in the admissions process, leading to the acceptance of students that, at the time, did not meet the requirements.[47][48][49]

Most recently, the above issues were reassessed in a review carried out by the QAA in September 2012, which concluded that LSBF has put in place measures to strengthen its quality management arrangements.[50] The Review for Educational Oversight, published on 12 December 2012, concluded that “London School of Business & Finance is fulfilling its responsibilities for managing and enhancing the quality of the intended learning opportunities it provides for students”. Furthermore, it gave LSBF a qualified confidence judgement [51] on its academic standards and on the awards offered at the school.[52]

Scholarships and bursaries[edit]

LSBF's patron, Prince Michael of Kent, sponsors a scholarship scheme at the LSBF for students from emerging markets countries. LSBF's other scholarship programmes include a Corporate scholarship, with a focus on connecting students directly with corporate employers via the LSBF Corporate Division, and The Women in Business Scholarship, intended to help more females to become corporate leaders. There are also scholarships sponsored by LSBF's Principal and Vice Rector.

London, 7th November 2013 - LSBF launched Springboard Scholarship which defers tuition fees for some cash-strapped students until after they have completed their course and their salary has risen by 50 per cent. If their salary doesn't increase by half within two years of completion they won't pay a penny. The London School of Business and Finance launched the Springboard Scholarship scheme to give 50 students the chance to freeze their course fees for two years, until they can afford to pay them. Up to 50 students will be selected on merit.It is the first time a school in the UK has adopted the 'buy now, pay later' approach to postgraduate learning and is seen by education experts as a solution to the cost of university fees. More here: http://www.lsbf.org.uk/news-and-media/news/springboard-scholarship.html [53]

LSBF offers bursaries to Singaporean students who have completed the ACCA to pursue Master's degrees online, or in the UK.[54]

External lectures[edit]

David Blunkett, the former UK Home Secretary and Education Secretary, was appointed as a visiting lecturer at LSBF in 2011. Mr Blunkett’s first lecture, delivered at LSBF's London campus, focused on the key aspects of leadership, and the qualities needed to be an effective leader in both business and in politics.[55]

In December 2011, Prince Michael of Kent chaired the inaugural lecture of a new series of annual business lectures in partnership with the Royal Society of Arts. The guest speaker was former Director-General of the CBI and former Minister of State for Trade & Investment, Lord Digby Jones.[15]

See also[edit]

References[edit]

  1. ^ "Business, Innovation and Skills Committee - Twelfth Report: Government reform of Higher Education". London: UK House of Commons Select Committee (Business, Innovation and Skills Committee). 1 November 2011. Retrieved 15 February 2013. 
  2. ^ Thompson, Martin (7 October 2010). "Private schools take on the public providers". London: The Independent. Retrieved 10 January 2012. 
  3. ^ "About Us". London School of Business and Finance. Retrieved 8 April 2012. 
  4. ^ . The Business Times http://www.businesstimes.com.sg/breaking-news/singapore/london-school-business-finance-opens-new-campus-singapore-20140220.  Missing or empty |title= (help)
  5. ^ . Straits Times http://www.straitstimes.com/breaking-news/singapore/story/london-school-business-and-finance-opens-new-cbd-campus-20140226.  Missing or empty |title= (help)
  6. ^ . Asia One http://www.edvantage.com.sg/content/london-school-business-and-finance-opens-new-cbd-campus.  Missing or empty |title= (help)
  7. ^ "Home office immigration action against education institutions: factsheet". Home Office. 24 June 2014. Retrieved 15 July 2014. 
  8. ^ Abrams, Fran (2014-07-08). "Foreign students in high court bid to complete their UK courses". The Guardian (London). Retrieved 2014-08-05. "Both Glyndwr University and LSBF have had difficult times lately. Last month the Home Office said it had suspended their right to sponsor new overseas students, along with two other universities and 56 other colleges." 
  9. ^ Guttenplan, D.D. (28 November 2010). "Poking, Tagging and Now Landing an M.B.A.". The New York Times. Retrieved 10 January 2012. 
  10. ^ Mclaren, Diana (9 March 2011). "London School of Business and Finance opens Canadian campus". Globe and Mail (Toronto). 
  11. ^ "Why Study With Us". London School of Business and Finance. Retrieved 8 April 2012. 
  12. ^ "Dutch Education Will Have a Three-Pronged Approach". The New York Times. 10 July 2011. 
  13. ^ http://www.thesundaytimes.co.uk/sto/incoming/article256500.ece |title=The MBA that takes only eight weekends |publisher=Sunday Times | date=2010-03-28 |accessdate=2013-01-21
  14. ^ "BBC Three - Young, Foreign and Over Here". Bbc.co.uk. 2011-11-21. Retrieved 2012-05-26. 
  15. ^ a b "The Inaugural LSBF HRH Prince Michael of Kent Business Lecture: Fixing Britain". RSA Events. Retrieved 8 April 2012. 
  16. ^ "Business school sheds staff and courses as visa rules bite". Times Higher Education. Retrieved 2012-12-28. 
  17. ^ EducationInvestor - Article: LSBF partners with Liverpool FC
  18. ^ LFC and LSBF join forces - Liverpool FC
  19. ^ http://news.yahoo.com/liverpool-fc-london-school-business-finance-lsbf-join-105618517.html
  20. ^ International Education News l The PIE News l LSBF's new brand with Liverpool Football Club
  21. ^ The Queen’s Awards: full list of winners - FT.com
  22. ^ http://news.yahoo.com/london-school-business-finance-wins-queen-award-enterprise-053409320.html
  23. ^ EducationInvestor - Article: Exclusive: LSBF partners with Ivy League university
  24. ^ International Education News l The PIE News l LSBF joins forces with eCornell, USA
  25. ^ cite web|url=http://www.tcu.gov.on.ca/pepg/audiences/pcc/letters/LSBF2013Notice.pdf
  26. ^ cite web|url=http://www.tcu.gov.on.ca/pepg/audiences/pcc/letters/LSBF_CanadaNOC.pdf
  27. ^ http://www.educationinvestor.co.uk/ShowArticleNews.aspx?ID=3662&AspxAutoDetectCookieSupport=1
  28. ^ http://www.youtube.com/watch?v=qop0UtWkEq0
  29. ^ http://www.timeshighereducation.co.uk/news/uk-university-partners-end-ties-to-lsbf/2011434.article
  30. ^ "LSBF website, Partners". LSBF. Retrieved 4 July 2014. 
  31. ^ "Home office immigration action against education institutions: factsheet". Home Office. 24 June 2014. Retrieved 15 July 2014. 
  32. ^ Parr, Chris (27 June 2014). "Private college singled out by immigration minister hits back". Times Higher Education. Retrieved 4 July 2014. 
  33. ^ LSBF - Campuses in UK, Canada, Singapore and Online
  34. ^ "LSBF - Contact Us". LSBF - Contact Us. Retrieved 22 May 2011. 
  35. ^ EducationInvestor - Article: LSBF appoints new chief executive
  36. ^ "Charities & Organisations". HRH Prince Michael of Kent. Retrieved 8 April 2012. 
  37. ^ "Our Royal Patron". London School of Business and Finance. Retrieved 8 April 2012. 
  38. ^ . Global University Systems http://globaluniversitysystems.com/.  Missing or empty |title= (help)
  39. ^ a b LSBF - LSBF and GGSB introduce new MSc in Fashion, Design and Luxury Management at London campus
  40. ^ lsbf.co.uk/faculty
  41. ^ LSBF - London School of Business and Finance. Partner Schools
  42. ^ LSBF - University of Central Lancashire (UCLan) - Our Partners
  43. ^ "LSBF - MA in International Business Law – Programme Structure". London School of Business and Finance. Retrieved 20 July 2014. 
  44. ^ London School of Business and Finance - ACCA
  45. ^ MBA Distance Learning Courses UK - MBA Online Degrees - LSBF
  46. ^ Study ACCA Online Courses - Distance Learning Accounting Programme
  47. ^ Report uncovers 'weaknesses' in University of Wales' relationship with two business schools - Wales Online
  48. ^ Business school claims it severed links with uni - Wales Online
  49. ^ Hypnotic suggestion: you must do better | General | Times Higher Education
  50. ^ http://www.qaa.ac.uk/InstitutionReports/reports/Documents/RG1052LSBF.pdf
  51. ^ What do we mean by 'confidence'?
  52. ^ LSBF - LSBF Review for Educational Oversight (REO) by the QAA
  53. ^ http://www.scholarshipstimes.com/2014/01/04/2014-2015-lsbf-springboard-scholarships-for-postgraduate-students-in-uk/
  54. ^ "LSBF Scholarships". London School of Business and Finance. Retrieved 8 April 2012. 
  55. ^ "David Blunkett: Electoral history and profile". London: The Guardian. Retrieved 8 April 2012. 

External links[edit]

Coordinates: 51°31′04″N 0°06′39″W / 51.5179°N 0.1108°W / 51.5179; -0.1108