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 flagship Master of Business Administration (MBA and EMBA) program, it also offers the Sloan Fellowship Program for experienced business executives, a Masters in Finance (also known as MiF, a finance specialist programme), a Masters in Management for students with less than a year’s work experience, a 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.
LBS is often ranked among the top business schools in Europe, and among the top 10 business schools in the world. In 2011, London Business School was ranked number one in the world for its MBA programme by the Financial Times for the third year in a row. In 2009 the school shared this ranking with The Wharton School of the University of Pennsylvania. The school’s admissions process is highly selective, making it one of the most competitive business schools in the world. A high GPA, high GMAT score, and strong non-quantitative credentials are typically prerequisites to admission. Successful applicants for the full-time MBA have an average GMAT score of 701.
Over 1,000 degree students from 130 countries graduate from the School each year. A further 3,000-plus executives attend the School executive education programmes each year. The School has over 28,000 alumni in more than 120 countries, organised through 65-plus alumni clubs.
London Business School holds the European Foundation for Management Development Equis accreditation as well as that of the AACSB. The MBA and Sloan Fellowship MSc programmes are accredited through AMBA.
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.
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).
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 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.
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.
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.
1st in the Global MBA rankings by the Financial Times(2009, 2010, 2011).
2nd in the European ranking by the QS Global 200 Business Schools Report (2010).
5th in the international ranking by BusinessWeek (2010).
1st in the international (non-US) ranking by Forbes (2009)
2nd in the latest Best Global MBAs 2011 ranking by CNN Expansion (2011)
19th in the rankings by the Economist (2010)
3rd in the international ranking by The Wall Street Journal (2007)
2nd in the best business schools ranking by America Economia (2010)