London Business School

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London Business School
London Business School logo.gif
Motto To have a profound impact on the way the world does business
Type Public business school
Established 1964 (1964)
Endowment £46.1 million (as of 31 July 2015)[1]
Chancellor HRH The Princess Royal (University of London)
Dean Sir Andrew Likierman
Students 1,790 (2014/15)[2]
Location ,
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Campus Urban
Colours
               
Affiliations University of London, AACSB, EQUIS, AMBA
Website www.london.edu

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London Business School (LBS) is a graduate business school and a constituent college of the University of London, located in central London, England. It was established in 1964, after the Franks Report recommended the establishment of two business schools.

LBS offers various academic programmes including the Masters of Business Administration (MBA and EMBA), Sloan Fellowship for experienced business executives (MSc), Masters in Finance (MiF), Masters in Management for students with up to two years of work experience (MiM), PhD, and non-masters classes for business executives.

Over 1,800 degree students from 130 countries graduate from the school each year.[3] A further 10,000 executives attend the school executive education programmes each year. The school has over 35,000 alumni in more than 135 countries, organised through 65-plus alumni clubs.[4]

The school holds the European Foundation for Management Development Equis, accreditation as well as that of the AACSB and AMBA.[5] The MBA, Executive MBA, Sloan Masters in Leadership and Strategy, and Master's in Management programmes are accredited through AMBA.

History

London Business School

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.[6] It has 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.

Campus

The campus is located in Marylebone, on the perimeter of Regent's Park. 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.[7] 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, three cafes and library, that are dedicated for the exclusive use of its community. A privately run pub, The Windsor Castle, is also attached to campus. Most classrooms for the MBA are located in the Sainsbury Wing, the centre of the terrace, most of which are 100-student amphitheatre rooms.

There is no accommodation on campus for students in full-time programmes, 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.

LBS is planning on expanding its campus in central London. The business school is in the process of redeveloping the Old Marylebone Town Hall into classrooms and offices.[8]

Academic profile

In the 2015 QS ranking of world business schools (all academic programs), LBS came in 1st place, ahead of Harvard & INSEAD.[9] In the 2014 Eduniversal Business School Ranking, LBS was ranked 2nd in the world.

MBA

Business School Ranking
Worldwide MBA
Business Insider[12] 9 [10]
CNN Expansion[13] 5 [11]
Financial Times[14] 2

The school's main programme is its flexible 15–21 month Master of Business Administration degree. MBA students take a prescribed set of core courses then choose from roughly 70 different electives. Class size has been around 400 students in every annual cohort. These are broken into 5 streams of around 80 students who take all core courses together.

Beyond academics, the school puts an emphasis on personal and professional development including leadership, global awareness, and business skill building. These developments are facilitated via specialized workshops led by external consultants, students, and faculty. In addition to a range of elective courses at the London Business School, the school has partnerships with around 32 exchange schools around the world. Each academic year around 100 students spend a term at another leading business school.

The MBA program at LBS is widely considered to be part of the top 10 in the world. In Financial Times' 2015 Global MBA Rankings, LBS ranked 2nd in the world just behind Harvard Business School. In CNN Expansion's 2014 Global MBA Rankings, LBS ranked 5th in the world. In Business Insider's 2014 Global MBA Rankings, LBS ranked 9th in the world.

Within Europe, LBS consistently ranks as one of the top 2 programs. In the 2014/2015 QS Global 200 Business Schools Report, the London Business School MBA Program ranked 1st among all one-year and two-year European MBA programs.[15][16]

Among non-U.S. two-year MBA programmes, LBS was ranked 1st by Bloomberg BusinessWeek in 2012,[17] 3rd by The Economist in 2012,[18] 1st by Financial Times in 2014 and 2012,[19][20] and 1st by Forbes in 2011, 2012, and 2013.[21]

International Exchange Programme

The MBA Programme 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 NYU Stern School of Business, IESE Business School, Booth School of Business of The University of Chicago, The Wharton School of the University of Pennsylvania, UCLA Anderson School of Management, the MIT Sloan School of Management, Tuck School of Business at Dartmouth College, Columbia Business School, Kellogg School of Management at Northwestern University, Haas School of Business at UC Berkeley, McDonough School of Business at Georgetown University, Indian School of Business among others.

Executive MBA programmes

London Business School courtyard in snow

The school offers four part-time Executive MBA degrees, which are completed in between 16 and 20 months. At an academic level, the school offers the same degree to both Executive and Full-time MBA students. 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 (London).
  • Executive MBA (Dubai). The programme begins with an orientation week in London. Following this, students take 10 core modules, which are taught in a four or five-day block each month in Dubai. Students then undertake electives, which are primarily offered in London, and an international assignment. Two additional core modules take place in London.
  • 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. 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. launched 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".[22]

Sloan Masters in Leadership and Strategy

The Sloan Fellowship was established in 1968 and is a master's degree programme designed for senior executives, accomplished professionals and entrepreneurs with significant experience of decision-making at strategic levels.[23] The admission process is highly competitive and selective. On average, Sloan Fellows already have 15 years of management experience when being admitted to the programme. A typical class is highly diverse and includes attendees from 13–23 different countries.[24]

This 12-month, full-time master's degree programme focuses on strategy, leadership and change, and globalisation.The Sloan programme runs at Stanford Graduate School of Business and the MIT Sloan School of Management.

Masters in Finance

The school offers a "Master's in Finance" ("MiF") programme on both a part- and full-time basis. Around 120 students attend the full-time programme, while 150 attend the part-time degree. In 2011, 2012, 2013, 2014, and 2015 [25] it was ranked in 1st place amongst Masters in Finance (post-experience) programmes in the world by the Financial Times.

Masters in Management

The Masters in Management (MiM) is a one-year masters degree in management aimed at recent graduates who have less than one year of full-time postgraduate corporate work experience or less than two years of experience in a non-traditional business role.

In 2015 the programme was ranked 6th in the world by the Financial Times, having been in the global top 10 since it became eligible for the ranking.[26][27]

Global Masters in Management

The Global Masters in Management (Global MiM) is a two-year, full-time course starting in September 2015, where students attain two internationally recognized degrees: a Masters in Management (MiM) and a Masters in Science (MSc) in International Business. Year one takes place in London. Year two takes place in Shanghai.

Delivered jointly by London Business School and the renowned Fudan School of Management in Shanghai, the Global MiM gives an unparalleled grounding in international business challenges preparing for the opportunities of tomorrow.

Executive Education

About 10,000 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. [28] These programmes are split into two main areas, open and custom. About 45 companies per year commission London Business School to design and deliver customised corporate programmes for them, 60% delivered outside the UK.

Research

The school's 150 faculty work through 16 research centres or institutes.[29]

PhD programme

The school offers a 5-year full-time PhD programme. It supports 60 fully funded PhD candidates in seven doctoral programmes: Accounting, Economics, Finance, Management Science & Operations, Marketing, Organisational Behaviour, and Strategic & International Management.[30]

Student life

Clubs

There are over 70 student clubs at the school. These range from professional clubs such as consulting, entrepreneurship and energy clubs, to regional clubs including the Latin American and China club. There are also general interest and sporting clubs such as football, wine and cheese and the salsa club.[31]

Notable people

Notable faculty and staff

Notable alumni

See also

References

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  9. http://www.topuniversities.com/university-rankings-articles/university-subject-rankings/new-ranking-world%E2%80%99s-top-business-schools
  10. http://www.businessinsider.com/top-25-business-schools-in-the-world-2014-7
  11. http://www.cnnexpansion.com/tablas/2014/03/05/los-mejores-mba-globales-2014
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  25. http://rankings.ft.com/businessschoolrankings/masters-in-finance-post-experience-2015
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  27. http://rankings.ft.com/businessschoolrankings/masters-in-management-2015
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External links

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