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London Business School

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London Business School
TypeBusiness School
Established1965
DeanSir Andrew Likierman
Students1,600
Address
London Business School,
Regent's Park,
London,
NW1 4SA
United Kingdom
,
London
,
United Kingdom
CampusUrban
Websitehttp://www.london.edu

London Business School, in London (UK), established in 1965, is an international business school providing postgraduate degrees in finance and management, including MBA (Master of Business Administration) courses, as well as non-degree courses for business executives. It is part of the University of London (which is the School's degree-awarding authority), and is located in central London, beside Regents Park.

Around 800 degree students, from 70 countries, graduate from the school each year. Over 80 percent of students, and over 70 percent of faculty, come from outside the UK.

The School has over 25,500 alumni in more than 100 countries, organised through 60-plus alumni clubs. A further 6,000 executives attend the school executive education programmes each year.

The School is consistently ranked as one of the top business schools in the world, and is committed to becoming the pre-eminent global business school. In 2005 and 2004, The Financial Times ranked London Business School as the top business school in Europe though a meta-analysis comparing its full-time MBA, Executive MBA and executive education courses. The MBA and Sloan Fellowship MSc programs are accredited through the prestigious AMBA.

The school's 89 faculty work through 16 research centres or institutes [1]. The School is one of only two UK business schools to have twice received a six-star (6*) research rating from the Higher Education Funding Council for England (HEFCE). It also supports 70 fully-funded PhD candidates in four doctoral programmes: Accounting, Economics & Finance; Management; Management Science; and Operations and Marketing [2].

MBA Programmes

The school's flagship is its two year Master of Business Administration degree.

External rankings of business schools typically place the London Business School MBA within the top five business schools worldwide, and as the top business school outside the United States. It holds the European Foundation for Management Development 'Equis' accreditation as well as that of the AACSB. MBA students take a prescribed set of core courses, then choose electives from a choice of 70. The core course includes:

Fees for both the full-time and Executive MBA programmes are approximately £42,000 (GBP) (not including living expenses); many students are either sponsored by their employers or take advantage of various scholarship and bank loan schemes.

Full time MBA

The full-time MBA programme aims to develop multi-skilled professionals into tomorrow’s leading global players. The 15-21 month programme is rigorous and flexible. It provides students with the knowledge, skills and attributes required for success in global business.

Class size is around 310 students in every promotion, with a total of 620 students on the full-time two-year MBA. A GMAT test is required for entry to the MBA programme; the average GMAT score of successful applicants is 690.

In addition to the courses shown above, the full-time core courses also include:

Its full-time MBA achieved fifth place in the Financial Times Global MBA Rankings 2006 above Chicago, Northwestern, MIT and NYU. This also ranks the School as providing the best full-time MBA outside the United States, just above INSEAD. London Business School is also amongst the top five schools in the most recent International MBA rankings published by BusinessWeek and Forbes (in 2006), and by the Wall Street Journal (in 2005).

Executive MBA Progammes

The School offers three part-time Executive MBA degrees, which are completed in between 16 and 20 months.

The programme involves very similar course sources 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. Its EMBA was ranked #3 in the world, #1 in Europe, in the Financial Times Executive MBA Rankings 2005, just behind the Wharton School (US) and Hong Kong UST Business School (China).

  • London EMBA. Around 300 business people take part in the Executive MBA programme. The first year of the programme is taught through two day blocks every two weeks in term-time. A number of week long blocks are used for leadership skills, career management and international field trips. The second year consists of electives taught in London, an optional term or semester on exchange with a business school abroad, and a management report.
  • EMBA-Global. 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.
  • Dubai-London. This 16-month, dual campus programme begins in September 2007. The first half of the programme consists of core classes taught in the Dubai International Financial Centre. The second part of the programme consists of electives taught at London Business School, and a management report.

Sloan Fellowship

The Sloan Fellowship at London Business School is a prestigous masters degree programme designed purely for successful executives, professionals and entrepreneurs with significant experience of decision-making at strategic levels.

It is a full-time, 10-month masters in management emphasizing leadership and self-development. The course explores the latest management thinking with world-class faculty. Organised around collaboration principles, the Sloan Fellowship provides an environment for the exchange of knowledge and skills in all areas of general management and leadership while gaining insight into specialist areas from an international peer group of the highest calibre. The Sloan Fellowship is also offered at MIT and Stanford University in the USA.

Masters in Finance (MIF)

The School also offers a prestigious Masters in Finance programme on both a part- and full-time basis. This unique, specialist masters degree in finance is widely regarded as the pre-eminent postgraduate qualification for finance professionals. It is popular with students seeking careers in such diverse areas as trading, private equity, asset management and investment banking. Around 140 students attend the full-time programme, while 130 attend the part-time degree.

The MIF core courses seek to build a rigorous understanding of the principles of finance while the sheer number of elective courses on offer make this one of the most flexible programmes of its kind. Students must take all the core courses and can choose up to five electives. In addition, an independent research project must be completed. The programme's duration is ten months (full time) or two years (part time).

Core courses:

Financial Accounting and Analysis Corporate Finance & Valuation
Capital Markets & Financing Foundations of Finance

Electives:

Advanced Corporate Finance Analysis of Industry and Competition
Behavioural Finance Dissertation option
Emerging Markets Equity Investment Management
Financial Analysis of Mergers and Complex Restructurings Financial Engineering and Risk Management
Financial Markets and Economic Performance Financing the Entrepreneurial Business
Fixed Income Securities Global Capital Markets and Currencies
Hedge Funds International Finance
International Financial Analysis Investment Management Programme
Mergers, MBOs & other Corporate Reorganisations New Venture Finance
Options and Futures PhD Seminars in Financial Economics I, II & III
Project Finance Strategy for MiFs
Time Series Analysis Market Models and Forecasting
Topics in Assessment Management Trading and Financial Market Structure
Understanding the International Macroeconomy World Economy: Problems and Prospects

Executive Education

Around 6,000 executives attend the School's non-degree programmes each year. The School offers a portfolio of rigorous programmes for executives in general management, strategy, leadership, marketing and financial management. The programmes range in length and are open to executives from any organisation.

The School also designs and deliver custom programmes to more than 50 global clients each year through its Centre for Management Development.

In 2005, the school's Executive Education Open enrollment programmes were ranked at number 5 in the world for Open programmes and number 6 for Custom programmes. That was their highest rankings yet in the BusinessWeek survey. Its Executive Education programmes were ranked 8th overall in the 2005 Financial Times annual rankings.

Faculty

Faculty heads include Gary Hamel, originator (with C.K. Prahalad) of the concept of core competencies.

Notable alumni

See also

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