London Business School

London Business School

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	London, England, UK 51°31′35″N 0°09′39″W / 51.52639°N 0.16083°W / 51.52639; -0.16083Coordinates: 51°31′35″N 0°09′39″W / 51.52639°N 0.16083°W / 51.52639; -0.16083
Campus	Urban
Colours
Affiliations	University of London, AACSB, EQUIS, AMBA
Website	www.london.edu

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

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.^[22] 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".^[23]

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.^[24] 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.^[25]

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 60 attend the part-time degree. In 2011, 2012, 2013, 2014, and 2015 ^[26] 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.^[27][28]

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. ^[29] 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.^[30] According to the 2014 Research Excellence Framework, the school had the joint highest percentage of world-leading research of any British higher education institution (along with the Courtauld Institute of Art) with 56% of research rated in the 4* category.^[31]

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.^[32]

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.^[33]

Notable people

Notable faculty and staff

• Sir James Ball, economist^[34]
• Süleyman Başak – financial economist^[35]
• Sir Alan Budd – professor of economics, director of the Centre for Economic Forecasting, economic advisor for Barclays Bank, and member of the Advisory Board for Research Councils
• The Rt. Hon Terence Burns, Baron Burns – Chairman of Abbey National plc, Non-Executive Chairman of Glas Cymru, and a Non-Executive Director of Pearson Group plc.
• Michael Earl – former Professor of Information Management, Deputy Director of the Centre for Network Economy, and acting Dean
• Gary Hamel – originator (with C.K. Prahalad) of the concept of core competencies of an organization, and contributed to the theoretical development and evolution of the resource-based view
• Charles Handy – former professor – London Business School, rated among Thinkers 50 – a list of the most influential living management thinkers
• Constantinos C. Markides – Robert P. Bauman Professor of Strategic Leadership
• Hélène Rey – professor of economics
• Nirmalya Kumar – marketing professor. Author of the Private Label Strategy
• Bill Moggridge – British industrial and interaction designer, co-founder of the Silicon Valley-based design firm IDEO.
• Richard Portes – economist^[36]
• George Yip – Dean of Rotterdam School of Management. Former Professor of Strategic and International Management, and Associate Dean at the London Business School

Notable alumni

• Kaveh Alamouti – CEO of Citadel LLC Asset Management Europe
• Ashley Almanza – CEO of G4S^[37]
• Nigel Andrews – Former non-Executive Chairman of Old Mutual Asset Management
• Sir David Arculus – Chairman of the Board, O2
• Nicholas Ashley-Cooper, 12th Earl of Shaftesbury
• Gregory Leonard George Barker – British Conservative Party politician and the Member of Parliament (MP) for Bexhill and Battle
• Sükhbaataryn Batbold – Former Prime Minister of Mongolia, Member of Parliament of Mongolia, and General Secretary of the Mongolian People's Party
• Pablo Zalba Bidegain – Member of European Parliament (Spain)
• Kumar Birla – Chairman, Aditya Birla Group
• Ronald Boire – Former President and CEO of Brookstone ^[38]
• Vice Admiral Paul Boissier – Former CB Deputy Commander-in-Chief, British Navy Maritime Forces; CEO of Royal National Lifeboat Institution (RNLI)
• Michael Bolingbroke – COO of Manchester United F.C.^[39]
• John Bowmer – Former CEO of Adecco ^[40]
• Julian William Hendy Brazier – British Conservative Party politician and the Member of Parliament (MP) for Canterbury
• Jonathan Coleman (politician) – Member of Parliament (New Zealand)
• Don Cowan – Former CEO and President of ABN AMRO Bank Canada^[41]
• Stephen Crabb – member of the British House of Commons and Secretary of State for Wales
• David Davis – member of the British House of Commons
• John Dembitz – Chairman of Allanfield Group PLC ^[41]
• Sir John Egan – Former CEO of Jaguar Cars, Former CEO of BAA, Chairman of Severn Trent plc
• Timothy Faithfull – Former President and CEO of Shell Canada^[42]
• Justine Greening – member of the British House of Commons
• Sir Richard Greenbury – Chairman and CEO, Marks & Spencer
• Prince Faisal bin Al Hussein – Special Assistant to Chairman & Joint Chiefs of Staff, Jordanian Armed Forces
• Richard Hytner – Deputy Chairman Worldwide of Saatchi & Saatchi ^[43]
• Huw Jenkins – former CEO, Investment Banking, UBS
• John Jennings (businessman) – Chancellor of Loughborough University, 2003–2010
• Dyfrig John – Former CEO of HSBC Bank plc ^[44]
• Moez Kassam – Founder of Anson Group
• Sir Chris Kelly KCB – Chairman, NSPCC
• Maria Kiwanuka – Minister of Finance in Cabinet of Uganda ^[45]
• Savio Kwan – Former President and COO, Alibaba Group; Non-Executive Director British American Tobacco
• Thomas Kwok – Vice Chairman and Managing Director, Sun Hung Kai Properties
• Oliver Letwin – member of the British House of Commons
• Alex Loudon – former professional cricketer
• Mary Marsh – Former CEO of NSPCC
• Cyrus Pallonji Mistry, Chairman and CEO of the Tata Group
• Adrian Monck, Head of Communications at World Economic Forum, former TV Journalist with CBS News
• Nigel Morris – Co-founder, Capital One Financial Services
• David Muir – Director of Political Strategy, to then British Prime Minister Gordon Brown MP
• Sir Christopher J. O'Donnell – Former CEO of Smith & Nephew^[46]
• Idan Ofer – Chairman of Israel Corporation / Principal of Quantum Pacific International Limited ^[47]
• Paul Onwuanibe – CEO of Landmark Group
• Kenneth Ouriel – prominent vascular surgeon and medical researcher
• Mike Parsons – CEO of Barchester Healthcare
• Ted Pietka – Supervisory Board Member in Boryszew S.A..
• David E.I. Pyott – Chairman, President, and CEO of Allergan ^[48]
• Ramji Raghavan – Founder and Chairman of Agastya International Foundation
• Jim Ratcliffe – Chairman and CEO of Ineos Chemicals Group
• Omar Samra – First Egyptian and youngest Arab to climb Mount Everest
• Stewart Wallis – Executive Director of New Economics Foundation
• The Hon Wong Kan Seng – Deputy Prime Minister, Singapore
• Sir John Sunderland – Chairman, Cadbury Schweppes plc
• Tony Wheeler – Founder, Lonely Planet
• Ossama Youssef – Founder and CEO of Diwan Videos, and Co-founder of Albernameg by Bassem Youssef
• Roys Poyiadjis – Entrepreneur and financier
• Timothy Kopra^[49] – NASA Astronaut
• Jean Tirole^[50] – Winner of the 2014 Nobel Prize in Economics

See also

• List of business schools in Europe

References

External links

• London Business School – website

University of London Colleges and institutions Current Birkbeck Courtauld Institute of Art Goldsmiths Heythrop College Institute of Cancer Research King's College London (KCL) London Business School London School of Economics and Political Science (LSE) London School of Hygiene & Tropical Medicine Queen Mary Royal Academy of Music Royal Central School of Speech and Drama Royal Holloway (RHUL) Royal Veterinary College St. George's SOAS University College London (UCL) Former and defunct Bedford College Chelsea College of Science and Technology Imperial College London Institute of Education Institute of Psychiatry Institute for the Study of the Americas London Consortium New College London Queen Elizabeth College Regent's Park College Royal Postgraduate Medical School School of Pharmacy School of Slavonic and East European Studies University Marine Biological Station Millport St Thomas's Hospital Medical School Westfield College Wye College Central bodies and programmes Senate House Libraries School of Advanced Study Institute of Advanced Legal Studies Institute of Classical Studies Institute of Commonwealth Studies Institute of English Studies Institute of Historical Research Centre for Metropolitan History Institute of Latin American Studies Institute of Modern Languages Research Institute of Musical Research Institute of Philosophy Warburg Institute University of London Institute in Paris University of London International Programmes People Chancellor: HRH The Princess Royal Vice-Chancellor: Sir Adrian Smith Visitor: Chris Grayling (Lord President of the Council) Academics Alumni Heads of Colleges List of University of London people Places and buildings Current Bloomsbury Gordon Square Halls of residence Canterbury Hall College Hall Commonwealth Hall Connaught Hall Hughes Parry Hall International Hall Lillian Penson Hall Nutford House Malet Street Russell Square Senate House Tavistock Square Torrington Square Woburn Square Former 6 Burlington Gardens Church of Christ the King Other Academic dress The Careers Group History London Student University of London Big Band University of London Boat Club University of London Computer Centre University of London Union (Rebranded) Parliamentary Constituency (Abolished) Category Commons

Links to related articles Universities and colleges in London Education in London Universities University of London Birkbeck Central School of Speech and Drama Courtauld Institute of Art Goldsmiths Heythrop College Institute of Cancer Research King's College London London Business School London School of Economics London School of Hygiene & Tropical Medicine Queen Mary Royal Academy of Music Royal Holloway Royal Veterinary College School of Advanced Study St George's SOAS University College London Other University of the Arts London BPP University Brunel University City University London University of East London University of Greenwich Kingston University Imperial College London University of Law London Metropolitan University London South Bank University Middlesex University Regent's University London Richmond, The American International University in London Roehampton University Royal College of Art St Mary's University University of Westminster University of West London Other university-level colleges London School of Journalism New College of the Humanities Pearson College Further Education colleges Barking & Dagenham Barnet & Southgate Bexley Bromley Capel Manor Carshalton City & Islington City Lit City of Westminster Croydon Ealing, Hammersmith & West London Greenwich Hackney Haringey, Enfield & North East London Harrow Havering Hillcroft Kensington & Chelsea Kingston Lambeth Lewisham Southwark Marine Society Mary Ward Morley Newham North West London Redbridge Richmond Adult Richmond upon Thames Sutton South Thames Stanmore Tower Hamlets Uxbridge Waltham Forest West Thames Westminster Kingsway Working Men's Sixth form colleges BSix Christ the King Coulsdon Haringey Harris Westminster Havering John Ruskin Leyton London Academy of Excellence Newham St Charles St Dominic's St Francis Xavier Sir George Monoux William Morris Woodhouse List Business schools in the United Kingdom England London Cass Business School ESCP Europe European Business School London European College of Business and Management European School of Economics Hult International Imperial Kaplan Kingston LBS London School of Business and Finance London School of Business and Management Regent's UCL Westminster Other Ashridge Aston Bath Birmingham Birmingham City Bradford Brighton Cambridge Central Lancashire Coventry Cranfield Doncaster Durham Exeter Henley Business School Kent Lancaster Leeds Leeds Beckett Liverpool Magna Carta College Manchester Manchester Metropolitan Nottingham Nottingham Trent Pentacle Saïd (Oxford) Salford Science and Technology Policy Research Sheffield Warwick Northern Ireland Trinity College Dublin Scotland Edinburgh Edinburgh Napier Glasgow Strathclyde Wales Cardiff Glamorgan Isle of Man Isle of Man International Business School Category Universities in the United Kingdom England East Anglia Anglia Ruskin BPP University Campus Suffolk Cambridge East Anglia Norwich University of the Arts London University of London Birkbeck Courtauld Goldsmiths Heythrop Institute of Cancer Research King's London Business School LSE LSHTM Queen Mary Royal Academy of Music RCSSD Royal Holloway Royal Veterinary College St George's SOAS UCL Other BPP Brunel City East London Greenwich Imperial Kingston Law London Met London South Bank Middlesex Regent's University London Richmond, The American International University in London Royal College of Art Royal College of Music Roehampton St Mary's University University of the Arts London Westminster West London Midlands Aston BPP Birmingham Birmingham City Bishop Grosseteste Coventry De Montfort Derby Harper Adams Keele Law Leicester Lincoln Loughborough Newman Northampton Nottingham Nottingham Trent Staffordshire University College Birmingham Warwick Wolverhampton Worcester North Bolton BPP Bradford Central Lancashire Chester Cumbria Durham Edge Hill Huddersfield Hull Lancaster Law Leeds Leeds Beckett Leeds Trinity Liverpool Liverpool Hope Liverpool John Moores Manchester Manchester Metropolitan Newcastle Northumbria Salford Sheffield Sheffield Hallam Sunderland Teesside York York St. John South Arts Bournemouth Ashridge Bath Bath Spa Bedfordshire Bournemouth BPP Brighton Bristol Buckingham Buckinghamshire New Canterbury Christ Church Chichester Cranfield Creative Arts Essex Exeter Falmouth Gloucestershire Hertfordshire Kent Law Oxford Oxford Brookes Plymouth Portsmouth Reading Royal Agricultural University St Mark & St John Southampton Southampton Solent Surrey Sussex UWE Winchester Northern Ireland Queen's Ulster Scotland Aberdeen Abertay Dundee Dundee Edinburgh Edinburgh Napier Glasgow Glasgow Caledonian Heriot-Watt Highlands and Islands Queen Margaret Robert Gordon Royal Conservatoire of Scotland St Andrews Stirling Strathclyde University of the West of Scotland Wales Aberystwyth Bangor Cardiff Cardiff Metropolitan Glyndŵr South Wales Swansea Swansea Metropolitan UW Trinity Saint David Overseas territories American University of the Caribbean Bermuda College Cayman Islands Law School International College of the Cayman Islands Saint James School of Medicine St. Matthew's University University of Gibraltar University College of the Cayman Islands University of Science, Arts and Technology University of the West Indies Non−geographic Lambeth degrees Open University University of London International Programmes Related List by date of foundation (Third-oldest in England) List by endowment List by enrollment Colleges within universities Degree abbreviations National Union of Students Rankings Undergraduate degree classification UCAS HEFCE Category Commons List