London Business School (LBS) is a 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. 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.
The school holds the European Foundation for Management Development Equis, accreditation as well as that of the AACSB and AMBA. The MBA, Executive MBA, Sloan Masters in Leadership and Strategy, and Master's in Management programmes are accredited through AMBA.
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. 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.
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. There are ten pointed cupolas along the roofline. The faÃ§ade 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.
The school came in 1st place amongst European business schools in the 2014 Financial Times ranking. In the QS Global 200 Business Schools Report, LBS ranked in the top 10 in all categories (corporate social responsibility, entrepreneurship, finance, information management, innovation, international management, leadership, marketing, operations management, and strategy) in 2013 and 2014. The 2014 Eduniversal Business School Ranking ranks London Business School 2nd in the world.
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 development, particularly leadership and global awareness, thanks to specific workshops led by external consultants. In addition to a range of elective courses at the London Business School, the school has a wide network of around 32 exchange schools around the world. Each academic year around 100 students spend a term at another leading business school.
LBS is widely considered a top 10 business school in the world and consistently ranks as one of the top 2 business schools in Europe. In its 2015 global ranking, Financial Times ranked LBS 2nd just behind Harvard Business School.
Among non-U.S. programmes, LBS was ranked 1st by Bloomberg BusinessWeek in 2012, 3rd by The Economist in 2012, 1st by Financial Times in 2012, 1st by Poets & Quants in 2011, 2012, 2013 and 2014, and 1st non-US 2-year MBA by Forbes in 2011, 2012, and 2013
In the 2014 QS Global 200 Business Schools Report, London Business School ranked 1st in their European ranking.
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
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".
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. 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.
This 12-month, full-time Masters 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 and 2013, 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 2014, the first year of its eligibility for the ranking, the programme was ranked 10th in the world by the Financial Times.
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. 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.
The school's 150 faculty work through 16 research centres or institutes.
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.
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.
Notable faculty and staff
- Sir James Ball, economist
- SÃ¼leyman BaÅak - financial economist
- 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
- HÃ©lÃ¨ne 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
- George Yip - Dean of Rotterdam School of Management. Former Professor of Strategic and International Management, and Associate Dean at the London Business School
- Kaveh Alamouti - CEO of Citadel LLC Asset Management Europe
- Ashley Almanza - CEO of G4S
- 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
- SÃ¼khbaataryn 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
- 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.
- John Bowmer - Former CEO of Adecco
- 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
- David Davis - member of the British House of Commons
- John Dembitz - Chairman of Allanfield Group PLC
- Sir John Egan â" Former CEO of Jaguar Cars, Former CEO of BAA, Chairman of Severn Trent plc
- Timothy Faithfull - Former President and CEO of Shell Canada
- 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
- Huw Jenkins - former CEO, Investment Banking, UBS
- John Jennings (businessman) - Chancellor of Loughborough University, 2003â"2010
- Dyfrig John - Former CEO of HSBC Bank plc
- Sir Chris Kelly KCB â" Chairman, NSPCC
- Maria Kiwanuka - Minister of Finance in Cabinet of Uganda
- 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
- Idan Ofer - Chairman of Israel Corporation / Principal of Quantum Pacific International Limited
- 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
- 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 â" Chairman, Cadbury Schweppes plc
- Tony Wheeler - Founder, Lonely Planet
- Ossama Youssef - Founder and CEO of Diwan Videos
- Roys Poyiadjis - Entrepreneur and financier
- Timothy Kopra - NASA Astronaut
- Jean Tirole - Winner of the 2014 Nobel Prize in Economics
- List of business schools in Europe
- London Business School â" website