London Business School
name = London Business School
image_size = 100px
website = http://www.london.edu
students = 1,495
campus = Urban
University of London
address = Regent's Park,
London NW1 4SA
London Business School is a leading international
business schooland a constituent college of the University of London. It teaches postgraduateprogrammes in finance and management, including MBA programmes, Masters in Finance (also known as MiF, a finance specialist programme), as well as non-masters programmes for business executives. It is located in central London, beside Regent's Park. It was established in 1964, after the Franks Report recommended the establishment of two high quality schools, as part of existing universities (London and Manchester), but with considerable autonomy. [cite web|url=http://www.aim25.ac.uk/cgi-bin/search2?coll_id=6338&inst_id=32|title=AIM25: London Business School: London Business School: Administrative Records|accessdate=2007-06-16] It has close collaborations with the nearby University College Londonand the Modern Language Centre at King's College London.
Around 800 degree students, from 80 countries, graduate from the School each year. Over 80 percent of students, and over 70 percent of faculty, come from outside the UK. Fact|date=August 2007 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. [cite web|url=http://www.london.edu/alumnicommunity.html|title=Alumni: London Business School|accessdate=2008-01-11|publisher=London Business School]
MBAand Sloan Fellowship MSc programmes are accredited through AMBA.
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 690, the highest among non US two year programs.Fact|date=August 2008
The school's flagship is its 15-21 month
Master of Business Administrationdegree.
London Business School holds the
European Foundation for Management DevelopmentEquis accreditation as well as that of the AACSBand the AMBA. MBA students take a prescribed set of core courses, then choose electives from a choice of 70. The core course includes:
* Operations and Technology Management [cite web|url=http://www.london.edu/otm.html|title=MSO (Operations and Technology Management): London Business School, Faculty & Research|accessdate=2007-06-16|publisher=London Business School]
Ethicsand Corporate Social Responsibility
* Managing Organisational Behaviour (
Fees for both the full-time and Executive MBA programmes are approximately £45,000 (GBP) (not including living expenses); many students are either sponsored by their employers or take advantage of various scholarship and bank loan schemes.
Full time MBA
Class size is around 315 students in every promotion, with a total of 630 students on the 15-21 month
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 (ITBV)
* Decision and Risk analysis
* Understanding the International Macroeconomy
The full-time MBA is placed as follows in some rankings.
* 5th (not including schools in the United States) by BusinessWeek [http://www.businessweek.com/bschools/rankings/] (2006)
* 5th by
CNN Expansion(2007), [cite web| url=http://www.cnnexpansion.com/especiales/especial-educacion-agosto-2007/harvard-vuelve-por-sus-fueros/2007-08-21.2615023946/download| title=Los Mejores MBA en el mundo published in CNN Expansión on August 17, 2007. | accessdate=2008-04-03| ] .
* 2nd (for two year programs outside the United States) by [http://www.forbes.com/2007/08/15/best-business-schools-lead-careers-cz_kb_07mba_nonus2yr_slide_2.html?thisSpeed=25000 Forbes] (in 2007).
* 9th by the most recent (2008) [http://mba.eiu.com/index.asp?layout=2008rankings Economist Intelligence Unit rankings] .
* 2nd in the latest
Financial TimesGlobal MBA rankings (2008). [cite web| url=http://rankings.ft.com/global-mba-rankings| title= FT Global MBA Rankings | accessdate=2008-02-05]
* 3rd (outside the United States) by the
Wall Street Journal(2007), [cite web| url=http://online.wsj.com/public/resources/documents/MB_07_Scoreboard.pdf| title=The Wall Street Journal/Harris Interactive 2007 Business School Survey published in a special section of The Wall Street Journal on September 17, 2007. | accessdate=2008-02-05| ]
Executive MBA Progammes
The School offers four part-time
Executive MBAdegrees, 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 MBAprogramme. 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 available at the participating schools.
* EMBA-Global Asia. London Business School launched this programme in 2008 jointly with
Hong Kong Universityand 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." [http://www.emba-global.com/asia/faqs.html?WT.svl=topnav#Other_EMBA_difference]
* 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. [http://www.difc.ae/press_centre/archive/2007/445.html] The second part of the programme consists of electives taught at London Business School, and a management report.
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. . [cite web|url=http://www.london.edu/sloanfellowship/whoisthesloanfellowshipdesignedfor.html |title=London Business School|accessdate=2008-01-11|publisher=London Business School]
It is a full-time, 11-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
MITand Stanford Universityin the USA.Fact|date=August 2007
Masters in Finance (MIF)
The School offers a Masters in
Financeprogramme 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 150 attend the part-time degree.
The MIF core courses cover the principles of finance while. 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 22 months (part time).
Around 3,000 executives attend the School's non-degree programmes each year. The School offers a portfolio of 15 executive education programmes in general management, strategy, leadership, marketing, human resources and finance. The programmes range in length and are open to executives from any organisation. Participants come from more than 110 countries.Fact|date=August 2007
The Centre for Management Development designs and delivers custom programmes in partnership with more than 60 global clients. The programmes help clients to understand, practise and apply new concepts and models within their organisations. The focus is on application and results. Custom clients include: Celtel, IBM, SABIC, HSBC, Nestlé and Exxon.Fact|date=August 2007
The school's 150 faculty work through 16 research centres or institutes. [cite web|url=http://www.london.edu/researchactivities.html|title=Research activities: London Business School, Faculty & Research|accessdate=2007-06-16|publisher=London Business School] The School is one of only two UK business schools to have twice received a five-star (5*) research rating from the
Higher Education Funding Council for England(HEFCE). Fact|date=August 2007
London Business School offers a 5-yr based full-time PhD programme. It supports 60 fully-funded PhD candidates in four doctoral programmes: Accounting, Economics & Finance, Management; Management Science & Operations, and Marketing. [cite web|url=http://www.london.edu/phd.html|title=PhD: London Business School, Programmes|accessdate=2007-06-16|publisher=London Business School]
*Elroy Dimson (Finance) was the impetus, with Emeritus Professor Paul Marsh, for the creation of the FTSE100. An authority on equity returns, he is working on a major project on investment management for charitable foundations
*Rob Goffee (Organisational Behaviour) wrote The Character of the Corporation – one of the most widely-read and influential publications on corporate culture. Fact|date=August 2007 His most recent award-winning book is Why Should Anyone Be Led by You?
*Lynda Gratton (Organisational Behaviour) is a leading academic on women in business and is the Executive Director of the
Lehman Brothers Centre for Women in Businessat London Business School. She is ranked number 2 in HR magazine’s ‘Top 100 Most Influential’ thinkers. She was elected a Board Member of the American Human Resources Planning Society
*Michael Jacobides’ (Strategic and International Management) work on the mortgage banking industry was used by the US Senate looking at the reorganisation of the US Mortgage Banking system
*Nirmalya Kumar (Marketing) had two books published in 2007. His latest book, Private Label Strategy, is a best seller. He is one of the Marketing field’s most renowned academics, with more than 1,000 citations Fact|date=August 2007
*Narayan Naik (Finance) is the world’s leading academic authority on hedge funds. Fact|date=August 2007 As Director of the School’s BNP Paribas Hedge Fund Centre, he is changing the way hedge fund markets operate. Fact|date=August 2007 He was awarded Man Investments Best Paper Award on Hedge Funds
*Hélène Rey (Economics) is an expert on global imbalances, exchange rates and international capital flows. She has developed innovative models to forecast the dollar exchange rate
*Gary Hamel (Visiting professor) was the originator (with C.K. Prahalad) of the concept of core competencies.
Notable London Business School alumni
Sir David Arculus, Chairman of the Board, O2
Jean-Christophe Bedos- CEO, Boucheron (France)
Sir David Bell– Chairman, Financial Times Group
His Excellency Mohammed Belmahi- Ambassador of Morocco (England)
Kumar Birla- Chairman, Aditya Birla Group
Vice Admiral Paul Boissier- CB Deputy Commander-in-Chief, British Navy Maritime Forces
John Bowmer, CEO, Adecco Group
David Davis- member of the British House of Commons
Sir John Egan– Chairman, Severn Trent plc
Tim Faithfull- President and CEO, Shell Canada Ltd
Justine Greening- member of the British House of Commons
Sir Richard Greenbury- Chairman and Chief Executive, Marks & Spencer
Sally GreeneOBE - Owner and Director, Old Vic Productions plc
HRH Prince Feisal Al-Hussein of Jordan- Special Assistant to Chairman & Joint Chiefs of Staff, Jordanian Armed Forces
*Richard Hytner - Deputy Chairman Worldwide, Saatchi & Saatchi
*Huw Jenkins - former CEO, Investment Banking, UBS
*Dyfrig John - Chief Executive, HSBC Bank plc
*Jeffrey Kelisky – CEO, Multimap Ltd
*Sir Chris Kelly KCB – Chairman, NSPCC
*Thomas Kwok - Vice Chairman and Managing Director, Sun Hung Kai Properties (Hong Kong)
*Oliver Letwin - member of the British House of Commons
*Philip Lowe - Director General, European Commission (Belgium)
*Dame Mary Marsh - Chief Executive, NSPCC
*Ekaterina Mitiaev - Managing Director, The Hunger Project
*Nigel Morris - Co-founder, Capital One Financial Services
*Ingemar Naeve - President, Ericsson Espana SA
*Charles Nasser – CEO, Claranet Ltd
*Sir Chris O'Donnell - CEO, Smith & Nephew
*Idan Ofer – Chairman, Israel Corp
*Cally Palmer CBE - Chief Executive, Royal Marsden NHS Trust
*Michael Perlman – Chairman, Pancostura Group (Brazil)
*David Pyott - Chairman and CEO, Allergan Inc
*Terry Rhodes - Executive Director, Celtel International
*Bill Rylance - Chairman Asia Pacific, Burson-Marsteller
*Omar Samra - First Egyptian to climb Mount Everest
*The Hon Wong Kan Seng - Deputy Prime Minister, Singapore
*Nisreen Shocair - President of Virgin Megastore (Middle East)
*Sir John Sunderland – Chairman, Cadbury Schweppes plc
*Bernard Taylor CBE – Director, Cambridge Laboratories
*Richard Thomas MBE - Deputy Director, UK Ministry of Defence
*Tony Wheeler - Founder, Lonely Planet
List of business schools in Europe
* [http://www.london.edu/ London Business School website]
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