London Business School

London Business School
motto	To develop insights and leaders that have impact
founding	1964
Sponsorship	state
place	London , UK
dean	François Ortalo-Magné
Students	1,800 (2012)
Professors	99
Annual budget	£ 75.4m
Website	www.london.edu

The London Business School (LBS) is an international business school . It is a self-governing graduate school of the federally organized British University of London and is located in the center of London near Regent's Park . The LBS specializes in postgraduate programs in finance and management and therefore only offers general and specialized master’s programs. The main focus of the courses at the London Business School are on the two-year Master of Business Administration (MBA and EMBA program) and the one-year "Masters in Finance" (MiF) program. The university also offers other master’s courses such as the Sloan Fellowship program for experienced managers and the Masters in Management for students with little or no professional experience, as well as a PhD program. The London Business School was founded in 1964 and, along with other institutions such as INSEAD , Harvard Business School , Wharton School and Stanford Graduate School of Business, is one of the most respected and renowned business schools in the world.

LBS is one of the leading business schools in Europe and one of the top 10 business schools in the world. In 2011, the London Business School took first place in the Financial Times Ranking for the third time in a row with its MBA program, which it shared with the Wharton School of the University of Pennsylvania in 2009 and dropped to fourth place in the current 2012 ranking . The Masters in Finance (MiF) also took first place in the 2011 and current 2012 rankings. Other leading rankings underline the university's top international positions, for example the LBS MBA program is currently third in the CNN Expansion Ranking, second in the América Economía Ranking and thirteenth in the Economist ranking . The LBS is also one of 66 of a total of approximately 13,670 business schools with the Triple Crown quality seal . In addition, the MBA and the Sloan Fellowship Program are accredited by the AMBA .

The admissions process is highly selective, making it one of the most competitive business schools in the world. Excellent achievements in the previous academic career, an outstanding result in the GMAT as well as meaningful references, for which u. a. Previous professional experience as well as recommendations from current or former managers are usually the necessary criteria for successfully applying for a study place. Successful applicants for the full-time MBA program at LBS recently achieved an average GMAT score of 701 points, which is a top 7 Corresponds to% quantile in the test.

In total, more than 1,000 students from over 130 countries around the world leave the university with a master's degree every year. In addition, more than 3,000 professionals and executives attend the college's executive education programs each year. The London Business School's alumni network currently comprises more than 34,000 people around the world who are organized in clubs and are in constant contact through activities and events of the London Business School.

history

The establishment of the college dates back to 1964, after the Franks Report recommended the establishment of two new business schools , the London Business School and the Manchester Business School of the University of Manchester . The university maintains close cooperation with the nearby University College London and the Modern Language Center of King's College London . In December 2006 LBS expanded its activities to Dubai with the opening of the study center there and the associated Executive MBA offer.

campus

London Business School campus

The London Business School campus is located in Marylebone , adjacent to Regent's Park and within walking distance of Baker Street Underground Station . The main building of the college, which was designed together with Regent's Park by the architect John Nash , was originally built between 1822 and 1823. A characteristic feature of the building are its ten domes along the roof line and the building facade, which is characterized by its Corinthian columns.

In addition to the classrooms and lecture halls, LBS maintains a large number of other facilities on its campus that round off everyday student life. These include a sports center, a restaurant, two cafes and the university library. Access to and use of the facilities are reserved for London Business School students and are not open to the public. There is also a pub on campus, but it is privately owned. The majority of the classrooms of the MBA courses are located in the Sainsbury Wing and have as a characteristic feature an amphitheater room layout with five rows of seats in a semicircle.

However, the campus itself does not offer students any accommodation for the duration of their studies and only offers individual accommodation for visitors. Students at London Business School are therefore invited to external accommodation from the University of London such as For example, they have to rely on the International Hall or other student residences or have to find accommodation on the London housing market themselves.

Masters programs

Full-time MBA

The most important master's program at the university is the 15 or 21-month Master of Business Administration program. LBS MBA students first go through a set curriculum of core modules and then choose their elective subjects from a catalog of around 70 modules in order to adapt the program to their needs. The class size is around 800 students per year, which are usually divided equally into two cohorts of 400 students each. The cohorts are broken down into five groups of around 80 students each, who each take all core modules together. The London Business School places particular emphasis on a high degree of internationality and diversity in the respective groups in its student body.For example, the class that started in 2008 and graduated in 2010 consisted of students from 60 nations, of which only 9% from Great Britain and 20% came from North America.

In addition to the requirements of the academic curriculum, the London Business School attaches particular importance to the elements of "personal development" and "networking". The university's stated goal is to develop managers with a strong awareness of the global economy. For this reason, the university offers several modules for personality development in addition to its elective modules and maintains a broad network with 32 partner universities around the world. Each academic year, around 100 London Business School students take the opportunity to spend a semester at another of the world's leading business schools. Through the broad and high-quality academic education, the additional offers for personal development and network building, as well as the support from university marketing, the London Business School endeavors to ensure that the majority of its students take on top positions with the largest recruiters, mainly from the industrial sector, after graduation , Banking & finance and management consultancies.

Top Recruiters:

Finance - Goldman Sachs , JP Morgan , UBS , Morgan Stanley , Credit Suisse , BNP Paribas , Barclays , Deutsche Bank .
Consulting - McKinsey & Company , Boston Consulting Group , Booz & Company , Bain & Company .
Industry - Google , American Express , BT , Shell , Johnson & Johnson , Pepsico , BP .

International exchange programs

The LBS MBA program has one of the world's largest international exchange programs for its students. Around 35% of students make use of the opportunities offered by the international network every year and spend a semester at one of the more than thirty partner universities. a. the Booth School of Business at the University of Chicago , the Wharton School at the University of Pennsylvania , the University of California, Los Angeles , the MIT Sloan School of Management , the Tuck School of Business at Dartmouth College , the Columbia Business School , the Kellogg School of Management , Northwestern University , and the Indian School of Business .

Admission procedure for the MBA program

Statistical quantities - LBS MBA:

Average GMAT of Admitted Students: 701

Average age: 29

Average work experience: 5.7 years

Percentage of international students: 89%

Candidates applying for the London Business School's MBA program are encouraged by the university to thoroughly familiarize themselves with the concept and content of the program in order to understand the characteristics of the university as the LBS are very high It is important that only students apply for programs that serve the students' own objectives and that enrich the student body beyond participation in the curriculum.

As part of the specific application process, students must have international experience and relevant work experience. In addition, six essays must be written, a résumé in tabular form and two reports from previous or current superiors or university professors must be obtained. Furthermore, the results of the GMAT test as well as proof of knowledge of the English language must be submitted. The application for the program is usually possible within four deadlines, which pass one after the other and thus allow an application at your individually convenient time.

Executive MBA programs

London Business School campus in winter

The university offers four part-time Executive MBA courses, all of which can be completed within 16 or 20 months. As measured by the academic curriculum, the content of the MBA and Executive MBA programs are essentially identical and the students obtain the same degree. The programs include very similar compulsory modules as well as a comprehensive catalog of elective modules. In addition, the EMBA programs are completed with international specializations as well as a company-related project or a management report at the end of the course.

Executive MBA (London) . The London-based Executive MBA program aims to train top managers, executives and entrepreneurs to become global and diverse corporate leaders at the highest management level. The program comprises a number of compulsory basic modules from all management areas as well as a number of elective modules to adapt the program to your own needs. The courses are taught on Fridays and Saturdays on alternating weekends. The EMBA starts in both January and September of each year.
Executive MBA (Dubai) . Located on the Dubai campus, the Executive MBA has essentially the same objectives as the London EMBA program, but differs in that it specializes in the needs of managers working in the Gulf region. In addition, the program begins with an orientation week in London, which is followed by ten core modules, each of which is completed in a four or five-day block per month in Dubai, before the students start with the elective modules, e.g. T. be taught in London, continue. Like its London counterpart, the EMBA in Dubai also starts in January and September of each year.
EMBA-Global Americas and Europe . Around 140 executives study in this double degree EMBA program every year . The course is taught in cooperation with the Columbia Business School and is aimed at international executives with substantial management experience. During the first year, the students complete one course unit each month alternating between London and New York, which extends over a week. In the second year, the students are given the opportunity to tailor the EMBA course based on the options available at both universities according to their personal wishes and professional goals. Graduates of the course will be awarded an MBA from both London Business School and Columbia Business School.
EMBA-Global Asia . The EMBA-Global Asia program was launched by the London Business School in 2008 in cooperation with Hong Kong University and Columbia. Classes take place at all three universities and, in contrast to the other EMBA programs, are again considerably more international and global.

Sloan Masters in Leadership and Strategy

The Sloan Fellowship Master's program was established in 1968 and is a twelve-month master’s program designed specifically for senior executives; H. predominantly group division heads and board members, but also company founders and specialists with a high degree of influence on decision-making at a strategic level in the company. The admission process, like that of the other master’s programs, is highly competitive and selective. On average, Sloan Fellow students will have had fifteen years of management experience by the time they are accepted into the program. A typical year also includes not only a high degree of professional experience among the students, but also a strong international connection, which in recent years has been expressed by the students' membership of 13 to 23 nationalities.

The one-year full-time program is specifically designed to accompany and support managers with a high level of seniority with managerial responsibility at a strategic level in their development to become top executives. The Sloan Program of the London Business School encompasses topics from the areas of strategic management, leadership, change management and globalization and rounds off already existing skills of the students. Beyond the London Business School, the program is also conducted at the Stanford Graduate School of Business at the MIT Sloan School of Management .

Masters in Finance

The London Business School's Masters in Finance (MiF) program is essentially a modified version of the MBA program. In contrast to the 15- or 21-month MBA, the Master in Finance is shortened to 10 months, as the curriculum is less generalistic and more tailored to finance topics. The program can optionally also be completed in 16 months full-time, by following a one-semester exchange with a university in other Asian countries, or within 22 months in the weekend format, which allows you to continue your professional activity full-time.

An academic year consists of three trimesters, in the first trimester all students take the compulsory modules of the curriculum and then design the program in the second and third semesters by choosing from a number of elective modules according to their own objectives. The specializations are chosen from the three specialist areas Investments, Quantitative Finance and Corporate Finance as well as a number of other elective modules, the latter also including niche specializations such as B. Includes "Carbon Finance". Since the Masters in Finance and the London Business School's MBA program share a number of modules, students in both programs study e.g. Sometimes together in mixed courses, which further strengthens international experience and networking among the students.

According to the university, study participants primarily aim to continue their employment in the areas of trading, private equity, asset management, investment banking or within the financing area of industrial companies. In the MiF Full-Time Class of 2012, 116 people who came from 38 nations and who were divided according to gender into 76% male and 24% female students recently studied. Only 7% of the students were from Great Britain and only 16% from Europe ex UK, making 77% of the students from the rest of the world.

With the Masters in Finance program, the London Business School is also a partner university of the CFA Institute ; the course covers around 70% of the entire CFA curriculum. Students who have not yet started the CFA program have the opportunity to take part in the Level 1 exam of the CFA curriculum at a discount, and MiF students are regularly invited to CFA events in London.

The LBS Masters in Finance program is specifically aimed at practitioners in the financial sector and is not suitable for students who are primarily interested in an academic career in science and research, as the university’s Masters in Finance is an institution Master’s program, which is completed exclusively by taking compulsory and elective modules. A final master’s thesis is not provided for in the program, which means that the program in the EU area, like many other master’s degrees from British universities, does not conform to the Bologna process and thus usually does not qualify for a doctoral degree in the Bologna region.

The Masters in Finance program was ranked 1st worldwide by the Financial Times in 2011 and 2012 for post-experience programs in finance.

Admission procedure to the MiF program

As with the MBA program, the MiF admission process is extremely competitive. Applicants must have at least two years of relevant professional experience in banking & finance, which has been obtained after completing a first university examination, usually a bachelor's degree. In addition, applicants are required to write 6 essays. a. should reflect their professional goals and the associated expectations of the MiF program and their personal motivation. Furthermore, extensive international experience, both through previous studies and professional career, proof of fluent knowledge of the English language, outstanding academic achievements in previous studies and a very high value in the GMAT are required for a successful application.

Suitable candidates who meet the relevant criteria will be invited to a pre-selection for interviews with the. In doing so, the London Business School draws on its international network of alumni, which allows the university to usually offer interviews in the applicant's home country. The mostly one-hour interviews give an LBS alumnus as a representative of the university a deeper insight into the personality and motivation of the candidate as well as his ability to successfully participate in the MiF program. Following the interview, the interviewer reports his or her vote to the LBS selection committee, which usually makes the final decision on accepting or rejecting the candidate within one to two weeks.

Statistical variables - LBS MiF (Full-Time Class of 2012):

Number of admitted students: 116

Average GMAT of Admitted Students: 700

Average age: 30

Age range: 23 to 37 years

Average work experience: 6 years

Range of work experience: 2 to 13 years

Percentage of international students (non-UK): 93%

Masters in Management

London Business School's Masters in Management (MiM) program is a year-long Masters in Management and is aimed at recently graduated students with less than a year of work experience. The MiM is the youngest master's program in the LBS portfolio and is focused on providing students with a solid foundation in all areas of business administration as well as practical skills that provide optimal support for entering industrial companies, banks and management consultancies.

The program is completed through a series of mandatory basic modules consisting of lectures, workshops, lectures by guest speakers, case studies as well as group and individual work. In 2016 this program took sixth place in the Financial Times Ranking.

Executive Education

Around 8,000 executives attend the university's non-academic training programs every year. The London Business School offers a portfolio with a total of 31 programs in the fields of general management, strategy, leadership, marketing, human resources and finance. The university's advanced training programs are essentially divided into two main areas, on the one hand the open programs and on the other hand the individualized programs.

In addition to the open, standardized programs that come from the above-mentioned specialist areas, the Center for Management Development (CMD) at the LBS offers individualized programs for larger groups of executives and thus enables organizations and companies to offer their employees training courses tailored to their company's needs.

research

The London Business School's research activities span 16 research centers located at the university. The London Business School is one of the strongest research business schools in the world and has recently received the highest possible research rating 5 * from the Higher Education Funding Council for England (HEFCE) twice in a row.

PhD program

In addition to the master’s programs, the LBS offers a five-year PhD program. Every year, LBS supports around 60 PhD students in a total of seven doctoral programs: Accounting, Economics, Finance, Management Science & Operations, Marketing, Organizational Behavior, and Strategic & International Management.

people

University professors and employees

Constantinos C. Markides - Robert P. Bauman Professorship for Strategic Management
Süleyman Başak - economist, professor at the Institute for Finance & Accounting
Alan Budd - Professor of Economics, Director of the Center for Economic Forecasting, Advisor to Barclays Bank and Member of the Research College's Advisory Board
Gary Hamel - founder (together with CK Prahalad) of the concept of the core competencies of an organization and contributor to the theoretical concept of the resource-oriented approach in strategic management and its further development
Terence Burns, Baron Burns - Chairman of Abbey National plc , Non-Executive Chairman of Glas Cymru and Non-Executive Director of Pearson Group plc . He is also President of the National Institute of Economic and Social Research, President of The Society of Business Economists , Chairman of the Governing Board of the Royal Academy of Music , Chairman of Channel 4, and Chairman of the Monteverdi Choir and Orchestra
Richard Portes - Member of the British Academy and member of the Econometric Society . Richard Portes was also awarded the CBE for his services in the field of economics in 2003
Nirmalya Kumar - Marketing Expert and Author of the Best Sellers Private Label Strategy
Michael Earl - Former Professor of Information Management, Deputy Director of the Center for Network Economy
George Yip - Dean of the Rotterdam School of Management , former Professor of Strategic and International Management and Associate Dean at the London Business School
Bill Moggridge - British designer, co-founder of Silicon Valley-based design company IDEO .

Well-known alumni

Sir David Arculus , Chairman of the Supervisory 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 House of Commons in the British Parliament
Lex Donaldson - Professor of Organizational Design at the University of New South Wales
Dmytro Dubilet , Ukrainian entrepreneur and minister
Sir John Egan - Chief Executive Officer, Severn Trent plc
Justine Greening - Member of the House of Commons in the UK Parliament
Sir Richard Greenbury - Chairman of the Board, 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 House of Commons in the British Parliament
Cyrus Pallonji Mistry , vice chairman and chief executive officer-designate of the Tata Group
Nigel Morris - Co-Founder, Capital One Financial Services
David Muir - Director of Political Strategy, to the British Prime Minister Gordon Brown MP
Ted Pietka - member of the board of directors of Boryszew SA.
Omar Samra - First Egyptian who the Mount Everest ascended
Wong Kan Seng - Deputy Prime Minister, Singapore
Sir John Sunderland (businessman) - Chief Executive Officer, Cadbury Schweppes plc
Tony Wheeler - Founder, Lonely Planet
Roys Poyiadjis - Entrepreneur and Financier

Web links

Official website (English).

Individual evidence

↑ Financial Statements (PDF; 335 kB) London Business School. Archived from the original on June 14, 2011. Retrieved June 24, 2009.
↑ FT Global MBA Rankings . Financial Times. Retrieved January 25, 2010.
^ The Economist. Oct 15th 2011. Is time running out for business schools that aren't quite elite?
↑ Triple accredited business schools (AACSB, AMBA, EQUIS)
↑ Average GMAT point and quantile values . Chaplain. Retrieved July 16, 2012.
↑ LBS alumni . Chaplain. Retrieved July 16, 2012.
↑ AIM25: London Business School: Administrative Records . London Business School. Retrieved June 16, 2007.
↑ London Business School MBA Employment Report 2008. (PDF; 1.2 MB) Archived from the original on July 3, 2012. Retrieved October 5, 2009.
^ London Business School, http://www.london.edu/programmes/emba/whoistheexecutivembadesignedfor.html
↑ What is the difference between EMBA-Global Asia and other Executive MBA programs? . London Business School. Retrieved June 24, 2009.
^ Sloan Masters in Leadership and Strategy . London Business School. Archived from the original on July 7, 2009. Retrieved June 23, 2009.
↑ http://www.london.edu/programmes/sloanmastersinleadershipandstrategy/whoisthesloanprogrammedesignedfor.html
^ London Business School - CFA program partnership . London Business School. Archived from the original on July 8, 2009. Retrieved June 24, 2009.
↑ Masters in Management Programs Detail . London Business School. Archived from the original on January 30, 2009. Retrieved June 23, 2009.
^ Custom Programs at London Business School . London Business School. Archived from the original on February 5, 2009. Retrieved January 28, 2001.
^ Research activities: London Business School, Faculty & Research . London Business School. Archived from the original on May 26, 2007. Retrieved June 16, 2007.
↑ http://www.london.edu/theschool/theschoolataglance.html
^ PhD: London Business School, Programs . London Business School. Retrieved June 16, 2007.

[1] Financial Statements (PDF; 335 kB) London Business School. Archived from the original on June 14, 2011. Retrieved June 24, 2009.

[ft-2] FT Global MBA Rankings . Financial Times. Retrieved January 25, 2010.

[3] The Economist. Oct 15th 2011. Is time running out for business schools that aren't quite elite?

[4] Triple accredited business schools (AACSB, AMBA, EQUIS)

[Kaplan-5] Average GMAT point and quantile values . Chaplain. Retrieved July 16, 2012.

[Alumni-6] LBS alumni . Chaplain. Retrieved July 16, 2012.

[7] AIM25: London Business School: Administrative Records . London Business School. Retrieved June 16, 2007.

[8] London Business School MBA Employment Report 2008. (PDF; 1.2 MB) Archived from the original on July 3, 2012. Retrieved October 5, 2009.

[9] London Business School, http://www.london.edu/programmes/emba/whoistheexecutivembadesignedfor.html

[10] What is the difference between EMBA-Global Asia and other Executive MBA programs? . London Business School. Retrieved June 24, 2009.

[11] Sloan Masters in Leadership and Strategy . London Business School. Archived from the original on July 7, 2009. Retrieved June 23, 2009.

[12] ttp://www.london.edu/programmes/sloanmastersinleadershipandstrategy/whoisthesloanprogrammedesignedfor.html

[13] London Business School - CFA program partnership . London Business School. Archived from the original on July 8, 2009. Retrieved June 24, 2009.

[14] Masters in Management Programs Detail . London Business School. Archived from the original on January 30, 2009. Retrieved June 23, 2009.

[15] Custom Programs at London Business School . London Business School. Archived from the original on February 5, 2009. Retrieved January 28, 2001.

[16] Research activities: London Business School, Faculty & Research . London Business School. Archived from the original on May 26, 2007. Retrieved June 16, 2007.

[17] ttp://www.london.edu/theschool/theschoolataglance.html

[18] PhD: London Business School, Programs . London Business School. Retrieved June 16, 2007.