Program Basics

• • Full Time MBA Programme
  • London Business School
  • Regent's park
  • London, NW1 4SA
  • United Kingdom of Great Britain
  • Program Web site: http://www.london.edu/programmes/mba.html
  • Status: Public
  • Program e-mail address: mbainfo@london.edu
  • Graduate business school is accredited by:
    • Association to Advance Collegiate Schools of Business (AACSB)
    • Association of MBAs (AMBA)
    • EQUIS
    • European Foundation for Mgt. Development (EFMD)

SCHOOL BASICS

• Graduate business school enrollment:

  • Total: 2,072
  • Full-Time MBA: 805
  • Executive MBA: 728
  • PhD Program: 73
• • Other graduate degree programs:
    • Master of Finance
    • Other
  • Sloan Fellowship; Masters in Management

PROGRAM COSTS

• Total direct costs (tuition and required fees) of the entire MBA program:

  • Resident: $84,623.00
  • Nonresident: $84,623.00

PROGRAM LENGTH

• • Full-time program (months): 21

ADMISSIONS

• Application Deadlines

  • Semester: Winter 2011
  • Deadline: Jan 5, 2012
  • Semester: Spring 2012
  • Deadline: Mar 1, 2012
  • Semester: Summer 2012
  • Deadline: Apr 18, 2012
• • Does the program have rolling admissions? No
  • Is proficiency in English required for admission? Yes
  • Is a minimum score on an English language proficiency test required? Yes

• Which English language proficiency tests are accepted?

  • • IELTS
    • TOEFL Internet Based Test
    • TOEFL Paper-based Test
• • Minimum paper-based TOEFL score required for MBAs: 110

• Relative Importance of Application Elements:

  • GMAT Score: Very Important
  • Resume/Work Experience: Very Important
  • Application Essays: Very Important
  • Interviews: Very Important
  • Recommendations: Very Important
  • Undergraduate Transcripts: Very Important

APPLICANTS

• • Applicant interviews are: By invitation only
  • Admitted applicants who were interviewed: 100 %

CLASS PROFILE

• Full-time students in newest entering class (2010-2011) that are:

  • Female: 31 %
  • International: 90 %

• Students from following regions:

  • Africa: 3 %
  • Asia: 28 %
  • Europe: 36 %
  • North America: 15 %
  • Latin America and the Caribbean: 12 %
  • Oceania: 6 %
  • Dual citizenship: 15 %
• • Mean months of work experience of newest entering class: 67
  • Median months of work experience of newest entering class: 60

• Middle 80% range of work experience of newest entering class in months:

  • From: 48
  • To: 96
• • Median age of entering class: 29
  • Mean age of entering class: 29

FINANCIAL AID

• • Full-time MBAs apply for financial aid through: Dedicated financial aid office at the B-school
  • On what basis are scholarships awarded?
    • a combination of need and merit
  • How does an applicant apply for scholarship consideration? As part of the admissions application
  • Does the school offer a guaranteed loan to all MBAs regardeless of nationality? No

GMAT

• • Are applicants required to take the GMAT? Yes
  • Are applicants allowed to submit the GRE? No

• GMAT score distribution (incoming class):

  • Average GMAT Score 700
  • 50th Percentile (median) 710
  • 10th Percentile 650
  • 90th Percentile 750

CLASS OFFERINGS

• • Average number of students in a full-time MBA core class: 80
  • Average number of students in a full-time MBA elective class: 60
  • Elective courses available to full-time MBA students: 68

• Electives that have been added to the full-time program since June 30, 2010:

  • Communications
  • Innovating Business Models, Products & Services
  • Analysis for Marketing, Planning & Decision Making

• Concentrations and specializations offered to full-time MBA students:

  • • Finance
    • Entrepreneurship
    • Marketing
    • Strategy
    • Economics
    • International Business
  • Change Management
• • Does the school offer an accelerated full-time MBA program? No

• The school believes that its leading areas of study for full-time MBA students are:

  • • Finance
    • Marketing
    • Strategy
    • International Business
    • Economics

FACULTY

• • Faculty employed by the B-school: 135

• Full-time faculty:

  • Tenured: 53
  • Non-Tenured: 45

• Adjunct/Visiting Faculty:

  • Tenured: 0
  • Non-Tenured: 37

• Women on Faculty:

  • Tenured: 8
  • Non-Tenured: 18

• International Faculty:

  • Tenured: 40
  • Non-Tenured: 60

• Faculty with PhDs:

  • Tenured: 53
  • Non-Tenured: 65

STUDENT LIFE

• Professional clubs available to full-time MBA students:

  • • Biotech/Health care
    • Corporate Social Responsibility/NetImpact
    • Entrepreneurship
    • Consulting
    • Other
    • Finance
    • Marketing
    • VC/ Private Equity
    • Information Technology
    • Investment Banking

• Networking clubs available to full-time MBA students:

  • • Hispanic Student Organization
    • Partners/Family
    • Women in MBA
    • Volunteer
    • Gay/Lesbian/Bisexual
    • Wine

TEACHING/ACADEMICS

• Teaching methods used:

  • Case Study: 30 %
  • Distance Learning: 5 %
  • Experiential Learning: 16 %
  • Lectures: 30 %
  • Simulations: 5 %
  • Team Projects: 14 %

• Requirements for graduation:

  • • Students are required to complete international experience
    • Students are required to be fluent in more than one language by graduation
    • Students must complete a company-specific project and present results to relevant parties
    • Students must have attended a minimum number of classes
    • Other
  • Students must pass all core courses and must take a minimum of 10 electives (13 maximum allowed). MBA students are required to demonstrate business competence in more than one language (listening, writing and speaking)

B-SCHOOL ALUMNI

• • Living MBA alumni: 9,924
  • Active MBA alumni clubs: 86
  • Countries in which MBA clubs exist: 43
  • Did school receive an individual gift in excess of $10 million in the past academic year? No
  • Does the main university offer career placement services for alumni? Yes
  • Does the main university have an alumni networking Web site? Yes
  • Does the B-School have an alumni networking Web site? Yes
  • Business school alumni networking site: http://www.london.edu/ourcommunity/alumni.html
  • Does the B-SCHOOL offer career services for alumni? Yes
  • Do current MBA students have access to an alumni database? Yes

SCHOOL COMMENTS

• • School Comments: Details of London Business School's student employment report can be found on our website at http://www.london.edu/programmes/mba/benefitsandcareerimpact.html Annual updates are available every year in November.

• • -The London Business School experience helped me escape the U.S.-centric bubble and gain first-hand experience of how the rest of the world is growing and how to be a part of that growth. The international exposure and the opportunity to get a well-rounded experience of a variety of industries is priceless. Irrespective of the role one is doing, I would recommend the LBS MBA as an experience that allows one to learn how to make the most out of their professional track.
    
    -I was told that the MBA at LBS would be an international experience. But I didn't know that meant that everyone was like me--they were born in one country, lived in another, worked in another and are now in London to do the MBA. The perspective and experiences that my peers have is nonpareil. I would never have been able to get that same experience at a business school in the U.S.
    
    -The MBA student body is older with more work experience on average than U.S. MBA programs. This equates to a better classroom experience and a more mature network.
    
    -Going to school in London is an unparalleled experience. Not only are you at the center of European business, but you can travel to completely different places quickly and cheaply. Two hours and $150 will get you to Barcelona, Paris, Marrakech...The same from San Francisco will barely get me to Seattle or Phoenix.
    
    -Studying in a cosmopolitan city like London gave me the advantage to meet many CEOs during different conferences and learn how they tackle different problems.
    
    -I come from a non-business background (researcher, PhD in Genetics) and I think that the core classes for non-business background people [put] students at the same level for the elective classes. I feel like I have the same knowledge in business (accounting, finance, strategy, marketing) as any other student. It was easier to follow the electives with such a core, even if it is very heavy sometimes.
    
    -It's not for everyone, but if my friends (from the army) were planning to do an MBA, I'd advise them to go to INSEAD if they knew exactly what job they wanted, and London Business School if they weren't quite sure, or wanted to explore other options for the future.
    
    -The finance angle at LBS is strong and the alumni are well represented in the London finance world, yet we have to work very hard to keep students from HBS, Wharton and [the University of] Chicago from stealing our lunch on our own turf. Of all the consulting and banking jobs in London, LBS students have to fight hard to gain a foothold.
    
    -I did an exchange during my MBA to the U.S. and the multicultural diversity from London Business School is unparalleled as well as the international cases that we reviewed at LBS versus the American focus in the U.S.
    
    -Notwithstanding the high cost of living in London and the lower number of funding options as compared to U.S. B-schools, my MBA experience at London Business School in terms of academics, career options, and students was top notch.
    
    -The MBA program offered me the opportunity to explore all of my top career choices (investment banking, private equity, corporate finance, investment management, etc.). I was able to see these careers up-close, either through internships or by talking to many alumni/classmates from the industry. Now I am fairly confident of my career/industry choice. Although there is still ambiguity in terms of where I will be in five years, I know which direction I am heading.
    
    -Overall I am satisfied with my MBA experience and I believe this enabled me to make a career switch I would not have been able to do without an MBA. I am slightly disappointed with the amount of real learning I feel I have gained (one of the main motivations for me to do an MBA). Some of LBS class content is wishy-washy, other classes were too difficult (finance and economics should have been streamed to cater for people with no prior knowledge). However, after talking to students at other schools I'm not sure the overall level of learning is really different at other MBA programs.
    
    -Two big areas for improvement: 1) I am very disappointed with the LBS brand and in that respect wish I had chosen a U.S. school; 2) the class atmosphere is not very animated or friendly and does not encourage involvement and lively discussion.
    
    -LBS has a very diversified and helpful alumni network, a great advantage for anyone intending to do business internationally. This was the main reason why I have convinced a few of my friends to invest their time and money into the LBS MBA.
    
    -Getting an MBA from London Business School was a game changer for me. It vastly improved my network of contacts, my technical and softer skills, as well as my employability. I am really happy that I pursued it in spite of the high opportunity costs.