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London Business School

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London Business School (LBS) is an international business school and a constituent college of the University of London, located in central London, beside Regent's Park. LBS teaches postgraduate programmes in finance and management, in addition to its MBA flagship program, Sloan Fellowship Program for experienced business executives, Masters in Finance (also known as MiF, a finance specialist programme), Masters in Management for students with less than a year's work experience, PhD, as well as non-masters programmes for business executives. 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. It has close 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.

Full-time MBA

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. The core course includes:

Finance
Strategy
Marketing
Managerial Economics
Management Accounting
Operations and Technology Management
Statistics
Ethics and Corporate Social Responsibility
Managing Organisational Behaviour
Global Leadership Assessment for Managers

Fees for both the full-time and Executive MBA programmes are approximately £49,900 (not including living expenses). Many students are either sponsored by their employers or take advantage of various scholarship and bank loan schemes.

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).

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

a compulsory second language (other than English)
Information Technology for Business Value
Decision and Risk Analysis
Understanding the International Macroeconomy

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 wide 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.

Admission

To be considered for admission, a candidate must submit the following:

Application essays
CV/resume
Two recommendation letters
Copies of university transcript(s)
GMAT score
TOEFL score, if applicable
An application fee of £160

Post MBA Careers

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

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

MBA rankings

The full-time MBA is highly placed in rankings of business schools. In the Financial Times ranking of the principal rankings, the London Business School MBA is first in the European rank and first in the global rank.[3] In more detail, the MBA has been ranked:

1st in the Financial Times Global MBA rankings (2009, 2010).
2nd in Europe in the 2010 QS Global 200 Business Schools Report.
3rd in the international ranking by The Wall Street Journal (2007)
5th (outside the United States) by BusinessWeek (2008); It is the only MBA programme to have been ranked in the top five in every BW international ranking.
1st (for two year programs outside the United States) by Forbes (2009)
3rd in the latest Best Global MBAs published by CNN Expansion (2010)
2nd in the America Economia Mejores Escuelas de Negocios (2010)
19th by the most recent (2010) Economist rankings

International Exchange Programme

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 Booth School of Business of the The University of Chicago, The Wharton School of the University of Pennsylvania, UCLA Anderson School of Management, Sloan School of Management, Massachusetts Institute of Technology, Tuck School of Business at Dartmouth College, Columbia Business School, Kellogg School of Management, Northwestern University, Indian School of Business among others.

Executive MBA programmes

The School offers four part time Executive MBA degrees, which are completed in between 16 and 20 months. 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. Around 300 business people take part in the London-based Executive MBA programme. The first year of the programme is taught on alternate Fridays and Saturdays 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 or at business schools overseas, an optional term or semester on exchange with a business school abroad, and a management report.

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".

Dubai-London EMBA. This 17 to 20 month, dual campus programme began in September 2007. It has a similar structure to the EMBA-Global. The first half of the programme consists of monthly modules of core classes taught at its Dubai Centre, in the Dubai International Financial Centre.[15] 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 was established in 1968 and is a master's degree program designed for senior executives, accomplished professionals and entrepreneurs with significant experience of decision-making at strategic levels. [16] The admission process is highly competitive and selective. On average, Sloan Fellows already have 15 years of management experience when being admitted to the program. A typical class is highly diverse and includes attendees from 13-23 different countries.

It is an intensive and rigorous full time, 12-months senior management program. The curriculum is similar to such of an MBA program but puts more emphasis on leadership and self-development. The Sloan Fellows Program is organized in cooperation with MIT Sloan School of Management and the Stanford Graduate School of Business in the US. The program leads to a Masters of Science in Leadership and Strategy.

Curriculum

The Sloan curriculum has five dimensions:

Key knowledge delivered through core courses.
Core themes of strategy, leadership and change, and globalisation.
Tailoring through elective choices that meet the attendee's individual interests and goals.
Global perspectives gained through the international assignment and the diverse class and wider School community.
Key skills accessed through a core skills portfolio, designed to maximise personal and professional effectiveness across a range of capabilities necessary for successful leadership.

The core courses comprise:

Corporate Governance
Finance
Global Business Environment
Leadership Capability
Management Accounting
Managing People and Organisations
Marketing
Strategy
Understanding Top Management
Biography
Admission
To be considered for admission, a candidate must submit the following:
Application essays
CV/resume
Two recommendation letters

A proof of significant international work experience, demonstrating to

be a strategic decision maker in a functional area
be accountable for results
lead mission critical projects
influence and take a leadership role in managing change.
An organisational chart
Copies of university transcript(s)
GMAT score
TOEFL score, if applicable
An application fee of £160

There is no fee for graduates of:

London Business School
The University of London
Columbia University
The University of Hong Kong

Masters in Finance

The School offers a "Master's in Finance" ("MiF") programme[19] on both a part and full time basis. This specialist master's degree in finance is a postgraduate qualification for professionals with previous experience in finance. According to the School, the programme trains students seeking careers in such diverse areas as trading, private equity, asset management, investment banking and the finance roles in industries. Around 145 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 was 700 in 2007. The MiF core course includes:

Principles of Finance
Financial Accounting Analysis
Corporate Finance and Valuations

Students must take all the core courses and can choose from six up to eight electives. In addition, an independent research project must be completed. The programme's duration is ten months (full time) or 22 months (part time).

Masters in Management

In September 2009 the school launched an eleven month masters degree in management aimed at students with less than one year of work experience. The programme aims to provide a strong foundation in all areas of business knowledge and 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. The content of the degree resembles the first year of the school's MBA programme.

Executive Education

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.

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.

Campus

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. 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, two 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 programs, 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.]Research

The school's 150 faculty work through 16 research centres or institutes. London Business School announced that the research center for women in business is going to close in June 2009, should no corporate sponsor be found.