London Business School Guide, Meaning , Facts, Information and Description
London Business School, in London (UK), established in 1965, is an international business school providing postgraduate degrees in management, including MBA (Master of Business Administration) courses, as well as non-degree courses for business executives.Around 350 students graduate from the full-time two-year MBA each year. The School also offers part-time Executive MBA courses, as well as a Masters degree in Finance, the only Sloan Fellowship programme outside the USA, and a Global MBA in partnership with Columbia Business School.
Over 80% of students, and over 70% of faculty, come from outside the UK. A GMAT test is required for entry to the MBA programme; the average GMAT score of successful applicants is 685.
The School is consistently ranked among the top ten business schools in the world, achieving joint fourth place in the Financial Times Global MBA Rankings 2004 above Yale, the Kellogg School of Management and MIT. This places the School in joint first place with INSEAD (in Fontainebleau, France) as Europe's top business school.
Fees for the full-time MBA are approximately £40,000 (GBP) (not including living expenses); many students are either sponsored by their employers or take advantage of various scholarship and bank loan schemes.
MBA students take a prescribed set of 'core courses', then choose 12 electives from a choice of 70. The core course includes:
- Finance
- Strategy
- Marketing
- Managerial Economics
- Management Accounting
- Information Management (Information Technology for managers)
- Business Ethics and Corporate Social Responsibility
- Managing Organisational Behaviour (Human Resources issues)
- a compulsory second language (other than English).
Faculty Heads include Gary Hamel, originator (with C. K. Prahalad) of the concept of core competencies.
The School's Dean, Laura D'Andrea Tyson, was from February 1995 to December 1996 National Economic Advisor to President Clinton's US Administration, and the highest ranking woman then in the White House.