London Business School
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| London Business School | |||||||||
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| Established: | 1964 | ||||||||
| Type: | Business School | ||||||||
| Dean: | Robin Buchanan | ||||||||
| Students: | 1,455[1] | ||||||||
| Location: | London, United Kingdom | ||||||||
| Campus: | Urban | ||||||||
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| Affiliations: | University of London | ||||||||
| Website: | http://www.london.edu | ||||||||
The London Business School is an international business school and a constituent college of the University of London. It teaches postgraduate degrees in finance and management, including MBA courses, Masters in Finance (also known as MiF, a finance specialist program), as well as non-degree courses for business executives. It is located in central London, beside Regent's Park. It was established in 1965, after the Franks Report recommended the establishment of two high quality schools, as part of existing universities (London and Manchester), but with considerable autonomy.[2] It has a close collaboration with the nearby University College London.
Around 800 degree students, from 70 countries, graduate from the school each year. Over 80 percent of students, and over 70 percent of faculty, come from outside the UK.[citation needed] A further 5,000-plus executives attend the school executive education programmes each year. The School has over 27,000 alumni in more than 120 countries, organised through 60-plus alumni clubs.[3]
The MBA and Sloan Fellowship MSc programs are accredited through AMBA.
A Graduate Management Admission Test (GMAT) score is required for entry to the school's degree programmes; the average score of successful applicants for the full-time MBA and Masters in Finance is 680, the highest among non US two year programs.[4]
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[edit] MBA Programmes
The school's flagship is its 15-21 month Master of Business Administration degree.
London Business School holds the European Foundation for Management Development 'Equis' accreditation as well as that of the AACSB. 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 Management[5]
- Business Ethics and Corporate Social Responsibility
- Managing Organisational Behaviour (Human Resources issues)
Fees for both the full-time and Executive MBA programmes are approximately £44,000 (GBP) (not including living expenses); many students are either sponsored by their employers or take advantage of various scholarship and bank loan schemes.
[edit] Full time MBA
Class size is around 310 students in every promotion, with a total of 620 students on the 15-21 month MBA.
In addition to the courses shown above, the full-time core courses also include:
- a compulsory second language (other than English).
- Information Management (Information Technology for managers)
[edit] MBA Rankings
The MBA is placed highly in the best known rankings.
- The full-time MBA ranked second in the world and first in Europe in the latest (2008) Financial Times ranking.[6]
- The full-time MBA programme was ranked 15th by the most recent (2007) Economist Intelligence Unit rankings.
- The full-time MBA ranked third by the Wall Street Journal (2007) non-US schools rankings,[7] fifth by BusinessWeek (2006) international/non-US rankings and second by Forbes non-US two year MBA program rankings (in 2007).
- The full-time MBA ranked fifth by CNN Expansion (2007), one of the most respected publications for Latin American managers[8].
[edit] Executive MBA Progammes
The School offers three part-time Executive MBA degrees, which are completed in between 16 and 20 months. The programme involves 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. Both EMBA programs are positioned in the top ten in the world, with its EMBA-Global ranked #4 , and the London EMBA #6 in the Financial Times Executive MBA Rankings 2007.
- London EMBA. Around 300 business people take part in the 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. 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.
- Dubai-London. This 16-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.[1] The second part of the programme consists of electives taught at London Business School, and a management report.
[edit] Sloan Fellowship
The Sloan Fellowship at London Business School is a masters degree programme designed purely for successful executives, professionals and entrepreneurs with significant experience of decision-making at strategic levels.[citation needed]
It is a full-time, 10-month masters in management emphasizing leadership and self-development. The course explores the latest management thinking. The Sloan Fellowship is organised around collaboration principles, and is also offered at MIT and Stanford University in the USA.
[edit] Masters in Finance (MIF)
The School offers a Masters in Finance programme on both a part- and full-time basis. This specialist masters degree in finance is a postgraduate qualification for finance professionals. According to the School, it trains students seeking careers in such diverse areas as trading, private equity, asset management and investment banking. Around 140 students attend the full-time programme, while 130 attend the part-time degree.
The MIF core courses cover the principles of finance while the unusually large number of elective courses on offer reflects the relative scale of London Business School itself. Students must take all the core courses and can choose from five up to seven electives. In addition, an independent research project must be completed. The programme's duration is ten months (full time) or two years (part time).
Core courses:
| Financial Accounting and Analysis | Corporate Finance & Valuation |
| Capital Markets & Financing | Foundations of Finance |
Elective information:''''Bold text' Electives:
| Advanced Corporate Finance | Analysis of Industry and Competition |
| Behavioural Finance | Dissertation option |
| Emerging Markets | Equity Investment Management |
| Financial Analysis of Mergers and Complex Restructurings | Financial Engineering and Risk Management |
| Financial Markets and Economic Performance | Financing the Entrepreneurial Business |
| Fixed Income Securities | Global Capital Markets and Currencies |
| Hedge Funds | International Finance |
| International Financial Analysis | Investment Management Programme |
| Mergers, MBOs & other Corporate Reorganisations | New Venture Finance |
| Options and Futures | PhD Seminars in Financial Economics I, II & III |
| Project Finance | Strategy for MiFs |
| Time Series Analysis | Market Models and Forecasting |
| Topics in Asset Management | Trading and Financial Market Structure |
| Understanding the International Macroeconomy | World Economy: Problems and Prospects |
[edit] Executive Education
Around 6,000 executives attend the School's non-degree programmes each year. The School offers a programmes for executives in general management, strategy, leadership, marketing and financial management. The programmes range in length and are open to executives from any organisation.
The School also designs and delivers custom programmes to more than 50 global clients each year through its Centre for Management Development.
In 2005, the school's Executive Education Open enrollment programmes were ranked at number 5 in the world for Open programmes and number 6 for Custom programmes.[citation needed] That was their highest rankings yet in the BusinessWeek survey. Its Executive Education programmes were ranked 8th overall in the 2005 Financial Times annual rankings.[citation needed]
[edit] Research
The school's 89 faculty work through 16 research centres or institutes.[9] The School is one of only two UK business schools to have twice received a six-star (6*) research rating from the Higher Education Funding Council for England (HEFCE).[citation needed]
[edit] PhD Programme
London Business School offers a 5-yr based full-time PhD programme. It supports 70 fully-funded PhD candidates in four doctoral programmes: Accounting, Economics & Finance; Management; Management Science & Operations, and Marketing.[10]
[edit] Faculty
Faculty heads include Gary Hamel, originator (with C.K. Prahalad) of the concept of core competencies.
[edit] Notable London Business School alumni
- Kumar Birla - Chairman, Aditya Birla Group
- David Davis - member of the British House of Commons
- Justine Greening - member of the British House of Commons
- Dr. Devendra Singh - Strategist at Arthur D Little
- Huw Jenkins - former CEO, Investment Banking, UBS
- Oliver Letwin - member of the British House of Commons
- Sir Chris O'Donnell - CEO, Smith & Nephew
- Tony Wheeler - Founder, Lonely Planet
- Omar Samra - First Egyptian to climb Mount Everest
[edit] See also
[edit] References
- ^ Table 0a - All students by institution, mode of study, level of study, gender and domicile 2005/06. Higher Education Statistics Agency online statistics. Retrieved on 2007-03-31.
- ^ AIM25: London Business School: London Business School: Administrative Records. Retrieved on 2007-06-16.
- ^ Alumni: London Business School. London Business School. Retrieved on 2008-01-11.
- ^ exduco. Retrieved on 2007-08-13.
- ^ MSO (Operations and Technology Management): London Business School, Faculty & Research. London Business School. Retrieved on 2007-06-16.
- ^ FT Global MBA Rankings. Retrieved on 2008-02-05.
- ^ The Wall Street Journal/Harris Interactive 2007 Business School Survey published in a special section of The Wall Street Journal on September 17, 2007.. Retrieved on 2008-02-05.
- ^ Los Mejores MBA en el mundo published in CNN Expansión on August 17, 2007.. Retrieved on 2008-04-03.
- ^ Research activities: London Business School, Faculty & Research. London Business School. Retrieved on 2007-06-16.
- ^ PhD: London Business School, Programmes. London Business School. Retrieved on 2007-06-16.
[edit] External links
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