LONDON BUSINESS SCHOOL

'London Business School', in London (UK) 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]
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. A further 6,000 executives attend the school executive education programmes each year. The School has over 25,500 alumni in more than 100 countries, organised through 60-plus alumni clubs.
Since 2004, the Financial Times has annually ranked London Business School as one of the two top business schools in Europe, through a meta-analysis comparing postgraduate and executive education courses.
^[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 typical score of successful applicants for the full-time MBA and Masters in Finance is 682.
The school's 89 faculty work through 16 research centres or institutes.^[4] 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). It also supports 70 fully-funded PhD candidates in four doctoral programmes: Accounting, Economics & Finance; Management; Management Science; and Operations and Marketing.^[5]

Contents

MBA Programmes

Full time MBA

Executive MBA Progammes

Sloan Fellowship

Masters in Finance (MIF)

Executive Education

Faculty

Notable London Business School alumni

See also

References

External links

MBA Programmes

The school's flagship is its 15-18 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^[6]

★ Business Ethics and Corporate Social Responsibility

★ Managing Organisational Behaviour (Human Resources issues)
Fees for both the full-time and Executive MBA programmes are approximately £42,000 (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 310 students in every promotion, with a total of 620 students on the 15-18 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)
Its full-time MBA maintained fifth place in the Financial Times Global MBA Rankings 2007. London Business School is also amongst the top five schools in the most recent International (i.e. not including US business schools) MBA rankings published by BusinessWeek and Forbes (in 2005), and by the Wall Street Journal (in 2005). The MBA programme was ranked 20th by the most recent (2006) Economist Intelligence Unit rankings.

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. Its EMBA-Global was ranked #2 in the world, and the London EMBA #7, in the Financial Times Executive MBA Rankings 2006, just behind the Wharton School (US) and Hong Kong UST Business School (China).

★ '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 begins 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 in the Dubai International Financial Centre. The second part of the programme consists of electives taught at London Business School, and a management report.

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.
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.

Masters in Finance (MIF)

The School also 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

'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 Assessment Management	Trading and Financial Market Structure
Understanding the International Macroeconomy	World Economy: Problems and Prospects

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. 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.

Faculty

Faculty heads include Gary Hamel, originator (with C.K. Prahalad) of the concept of core competencies.

Notable London Business School alumni

★ Kumar Birla - Chairman, Aditya Birla Group

★ David Davis - member of the British House of Commons

★ Tobias Ellwood - member of the British House of Commons

★ Justine Greening - member of the British House of Commons

★ Huw Jenkins - 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

See also

★ List of business schools in Europe

References

1. Table 0a - All students by institution, mode of study, level of study, gender and domicile 2005/06
2. AIM25: London Business School: London Business School: Administrative Records
3. European Business School Rankings
4. Research activities: London Business School, Faculty & Research
5. PhD: London Business School, Programmes
6. MSO (Operations and Technology Management): London Business School, Faculty & Research

External links

★ London Business School website