LSBF Group

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The LSBF Group is a UK-based group of private for-profit educational institutions whose "hub" institution is the London School of Business and Finance (LSBF).[1] The group also includes the London College of Contemporary Arts (LCCA) and the LSBF School of English (later rebranded as The Language Gallery). They are all owned by Global University Systems (GUS).

Background[edit]

The institutions of the LSBF Group, which describe themselves as "educational partners", are owned by Global University Systems BV, a private limited company based in the Netherlands.[2] The founder, CEO, and majority shareholder of Global University Systems is the Russian-born entrepreneur Aaron Etingen who founded the London School of Business and Finance in 2003.

LSBF Group is one of the largest private education providers in the UK. According to The Guardian, after the market reforms of post-secondary education introduced by UK higher education minister David Willetts, the group expanded rapidly. St Patrick's College, London was also describing itself as "a member of the LSBF Group" in 2012 after it was bought by Etingen's company Interactive World Wide Limited.[3][4] Together, the London School of Business and Finance and St Patrick's grew from 50 government-funded students in 2011 to approximately 6000 over the next two years. In 2013 LSBF and St Patrick's College collectively netted £13.5m in tuition fee payments, with their students receiving a total of £49m in government loans and grants.[1] None of the LSBF Group's institutions have degree-awarding powers. As of 2016, their degree programs are validated by the Italian private online university Università telematica internazionale UniNettuno or the Paris-based institution École d'Art Maryse Eloy/Mod'Art International, depending on the subject.

In September 2015 the LSBF Group had its license to recruit non-European international students suspended by the UK government.[5] That same month Global Education Systems announced plans for a two-year restructuring process of the group set to begin in mid-2016. According to John Cox, director of organisational development at GUS, the plan involves LSBF and its LCCA division coming under a new vocational entity offering only diploma courses, short courses and corporate training products. The vocational courses delivered by St Patrick's College and the Birmingham-based Finance Business Training would also come under this division. The University of Law would become sole provider of academic qualifications and professional qualifications, including the master's degrees previously offered by the LSBF Group.[6]

Principal members[edit]

  • London School of Business and Finance. Not to be confused with London Business School or London School of Economics, the London School of Business and Finance was founded in 2003 by Aaron Etingen.[7][8] It is located in central of London with UK branches in Birmingham (branded as Finance Business Training or FBT) and Manchester and international branches in Toronto and Singapore.[9][10] As of 2016 it offered executive and corporate training, several undergraduate and graduate courses including an MBA validated and awarded by the Università telematica internazionale UniNettuno, and preparation for the ACCA, CFA, CIM and CIMA professional qualifications through its Finance Business Training division.[11]
  • London College of Contemporary Arts Founded in 2011 by Aaron Etingen and the Israeli cellist Sagi Hartov who serves as its dean and director, the college is located in Holborn area of London and shares its campus with the London School of Business and Finance.[1][12] As of 2016, the college (including its School of Fashion and Design division) offered continuing professional development and vocational training in various arts-related areas as well as undergraduate and post-graduate degrees awarded and validated by the Università telematica internazionale UniNettuno or the Paris-based institution École d'Art Maryse Eloy/Mod'Art International, depending on the subject. It also offers one-to-one sessions with people working in various sectors of the fashion industry and work placement options.[13]
  • LSBF School of English. The school began as an adjunct to the London School of Business and Finance to provide English-language training for its students. Its original home was in the Bloomsbury area of London, and it subsequently established branches in Manchester, Birmingham and Toronto, Canada. By 2013 it was catering to a total of 3,000 students. In 2014 it was re-branded as The Language Gallery.[14] The school offers courses in general English and English for business purposes as well as preparation classes for the IELTS, Cambridge and TOEFL exams. With the acquisition of GISMA Business School by LBSF's parent company Global University Systems in 2013, a further campus was established in Hannover, Germany which provides German-language training and preparatory courses for the TestDaF language proficiency certificates.[15] The Language Gallery's UK branches are accredited by the British Council.[16]

References[edit]

  1. ^ a b c Malik, Shiv; McGettigan, Andrew; Domokos, John (30 May 2014), "Lecturers claim private college puts profits first". The Guardian. Retrieved 5 May 2016.
  2. ^ Morgan, John (17 April 2014)."Private college goes Dutch but says profits are taxed in UK". Times Higher Education. Retrieved 5 May 2016.
  3. ^ Morgan, John (2 July 2014). "Director of education wins claim against former owner of St Patrick's College for unfair dismissal". Times Higher Education. Retrieved 5 May 2016.
  4. ^ EducationInvestor (8 May 2012). "New partner for LSBF". Retrieved 5 May 2016.
  5. ^ Morgan, John (3 September 2015). "LSBF licence to sponsor overseas students suspended". Times Higher Education. Retrieved 5 May 2016.
  6. ^ Custer, Sara (25 September 2015). "Global University Systems to restructure". The Pie (Professionals in International Education). Retrieved 5 May 2016.
  7. ^ Anderson, Linda (21 June 2010). "Case study: LSBF". Financial Times. Retrieved 5 May 2016.
  8. ^ Huggins, Donata ( 29 October 2010). "A man schooled for big business". City A.M.. Retrieved 5 May 2016.
  9. ^ Mclaren, Diana (9 March 2011) "London School of Business and Finance opens Canadian campus". Toronto Globe and Mail. Retrieved 5 May 2016.
  10. ^ Lee, Pearl (26 February 2014). "London School of Business and Finance opens new CBD campus". Straits Times. Retrieved 5 May 2016.
  11. ^ London School of Business and Finance. MBA. Retrieved 5 May 2016.
  12. ^ London School of Business and Finance. Sagi Hartov. Retrieved 5 May 2016.
  13. ^ Martindale, Nick (3 March 2015). "Creative degrees: the route to employment?". Daily Telegraph. Retrieved 5 May 2016.
  14. ^ Custer, Sara (17 July 2013. "LSBF rebrands English school chain". The Pie (Professionals in International Education). Retrieved 5 May 2016.
  15. ^ The Language Gallery. Courses. Retrieved 5 May 2016.
  16. ^ British Council. Accredited centres - L. Retrieved 5 May 2016.