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LBS MBA Introduction
15 – 21 months
The London Business School (LBS) MBA program stands among the top-ranked business schools worldwide, renowned for its academic excellence and global reputation. With a comprehensive and rigorous curriculum, the LBS MBA equips students with the essential skills and knowledge necessary to thrive in the dynamic business landscape. Designed for ambitious individuals seeking career advancement across diverse industries, the program attracts a vibrant and diverse student community, representing over 100 nationalities.
At LBS, the MBA experience offers a distinctive blend of theoretical foundations and practical application. Through engaging case studies, simulations, and real-world projects, students gain a deep understanding of business concepts and develop the ability to apply them in practical scenarios. This experiential learning approach ensures that graduates are well-prepared to make an immediate impact in their chosen fields.
The success of LBS MBA graduates is evident as they have achieved significant career advancements in various industries worldwide. Their expertise and adaptability make them sought-after professionals, capable of thriving in complex and evolving business environments.
Choosing the London Business School MBA program means joining a prestigious institution committed to fostering global business leaders. Through a dynamic and immersive learning experience, students gain a solid foundation, expand their professional networks, and position themselves for successful careers in the ever-evolving global business landscape.
LBS MBA Class Profile
The London Business School MBA program attracts a highly diverse and talented group of students from all over the world. The program has a rigorous academic curriculum that focuses on developing critical thinking, problem-solving, and leadership skills. Students have the opportunity to participate in a range of experiential learning activities, including case studies, simulations, and real-world projects, to gain practical business knowledge and skills.
The LBS MBA class profile also boasts a highly international cohort, with students representing more than 100 nationalities. This diversity enriches the learning experience and provides valuable opportunities for cultural exchange and networking. The MBA LBS program provides an exceptional educational experience and prepares students for leadership roles in the global business world.
Average Work Ex
LBS MBA Acceptance Rate
The acceptance rate of LBS MBA is highly competitive around 9%, making it one of the most prestigious MBA programs globally. The program is known to attract a large pool of highly qualified candidates from around the world. The LBS MBA admissions committee takes a holistic approach to evaluating applicants, considering factors such as academic and professional background, leadership potential, and personal qualities. Prospective applicants are encouraged to thoroughly research the program and carefully prepare their application materials to maximize their chances of admission.
Not to mention, the acceptance rate highly depends on the cohort. As Indian and Chinese cohorts have low acceptance rates compared to other nationalities because of the high number of applicants. Overall, the LBS MBA program seeks to attract a diverse and talented group of students who are committed to advancing their careers in a dynamic and rapidly changing business landscape.
Program and Curriculum LBS MBA
The quite an extensive and hardcore experiential program & curriculum with LBS MBA course duration that balances theory and practice with a structure tailored to meet your leadership and development needs. During the first year, the program aims to provide one with a rigorous and analytical grounding in the techniques and frameworks of global general management. And in the second year, the school helps one to continue to develop your goals.
With over 80+ electives, deepening expertise in a specific area, or broadening your learning, the program does it all. It leads you to extend your global focus, engage with leading companies around the world concerning a Global Business Experience, and study with one of our 30+ academic partners on International Exchange.
Core Courses at LBS MBA (Year-1)
- Finance: The course presents fundamental concepts of financial decision-making, such as valuing assets and their riskiness, as well as calculating returns. In addition to that, it also deals with capital budgeting in a complete manner.
- Strategy: This course is designed to provide students with an in-depth understanding of strategic thinking and planning, including competitive positioning, industry analysis, and corporate strategy.
- Microeconomics for Managers: This educational experience fosters knowledge of how businesses operate in competitive marketplaces and provides managers with more effective decision-making techniques through economic analysis.
- Accounting: This course offers an introduction to financial accounting and reporting, including comprehension of financial statements and their ramifications for business decisions.
- Marketing: This course focuses on understanding customer behavior, developing marketing strategies, and building strong brands.
Core Courses at LBS MBA (Year-2)
Digital Strategy: This course delves into the critical strategies of harnessing digital technology and tools to create value and competitive advantage in business.
Financial Reporting Analytics: This course addresses the analysis and evaluation of financial statements utilizing a variety of analytic tools and procedures.
Financial Reporting for Today's Economy: This course emphasizes the paramountity of financial reporting and the impact that economic fluctuations have on its practices.
Global Economic Analysis: This course provides a comprehensive comprehension of the international economy and its ramifications on business decisions.
Innovation and Technology Strategy: This course delves into the importance of innovation and technology in shaping and sustaining competitive advantage within today's business environment.
Electives at LBS MBA
Accounting: Focuses on the financial aspects of businesses, dealing with topics like financial reporting, analysis, and decision-making.
Economics: Uncover the behavior and interplay of individuals, organizations, and markets to improve students' comprehension of economic trends and regularities.
Finance: This course covers the management of money and investments, including financial markets and the valuation process as well as risk mitigation strategies.
Marketing: Unravels the creation, propagation, and provision of goods and services to patrons; exploring issues like consumer behavior, market research or branding strategies.
Management Science and Operations: Offers learners the resources and techniques to dissect and optimize business processes, including operations management, supply chain management as well as analytics-based strategies.
Organizational Behaviour: Focuses on the human dimension of businesses, from leadership to teamwork to communication and motivation. This course provides students with an in-depth exploration of strategy and entrepreneurship which covers topics like competitive analysis, innovation creation/introduction as well as new venture development.
Clubs and Associations at LBS MBA
- Entrepreneurship Club: Offers a wealth of resources and networking opportunities for students eager to embark upon their own enterprise.
- Tech and Media Club: Promotes innovation and growth in the technology and media industries, featuring gatherings, interaction opportunities as well as professional development pursuits.
- Women in Business Club: Catapulting women into the upper echelons of business, this initiative strives to level the playing field for all and promote equality and diversity.
- Black in Business Club: Offers aid and resources to the black community, while proactively advocating for inclusion in the business world.
- Out In Business Club: Focuses on the LGBTQ+ community, promoting diversity and inclusivity within the business world through themed events and networking opportunities.
- Impact Consulting Club: Offers consulting services to non-profit organizations and social enterprises, with a keen eye towards social impact and sustainability.
- Private Equity and Venture Capital Club: Offers networking and training opportunities for students interested in private equity and venture capital sectors.
Extra Activities at London Business School MBA
Apart from academics, LBS MBA focuses a great deal on extracurricular activities and co-scholastic endeavors. There is a range of LBS clubs that play a key role in creating phenomenal global experiences, for instance, visiting the spice sellers in Kolkata, India, partaking in PE treks in Hong Kong, etc.
LBS MBA takes you on a worldwide adventure, making you travel the world, and leading you to get aware of the profound aspects of different cultures and traditions. Moreover, LBS paves the way for you to build on your leadership acumen and build a dynamic personality.
With 75+ clubs, 1000+ events, and 150+ student leaders, London Business School is a place to be.
Scholarship for LBS MBA
1. Laidlaw Women's Leadership Fund: This scholarship is designed to reward women who demonstrate a truly unflagging devotion towards leadership and academic success; further, they should be willing to bring about substantial social change while pursuing an MBA at LBS. Applicants may be awarded up to 30,000 USD worth of assistance per annum if they are enrolled in this program.
2. iSchool Connect Scholarship: This scholarship is offered in conjunction with iSchoolConnect and provides financial aid to those pursuing an MBA at LBS. Applicants from any nation are eligible and can receive up to $5,000 towards tuition fees.
3. Lady Meherbai D Tata Education Trust Scholarship: This scholarship is available to applicants from India who have opted for a full-time MBA at LBS. Applicants are chosen based on their academic standing and demonstrated leadership capabilities along with financial need in order to receive funding towards educational expenses.
Eligibility and Requirements for Getting into LBS MBA
To be considered for admission to the LBS MBA program, applicants must hold a suitable bachelor's degree or equivalent, have obtained a valid GMAT or GRE score, and demonstrate at least three years of work experience. Moreover, candidates should also possess adequate English proficiency as well as show evidence of professional acumen and leadership qualities; all these criteria must be met in order to enter this prestigious course. You should be aware of the LBS MBA program and duration and other details. Here are the LBS MBA eligibility & requirements criteria and documents related to the application:
- An undergraduate degree or equivalent qualification
- With a minimum of two years’ work experience.
- The application fee for the direct LBS MBA fees application is £200.
- Degree certificate(s) or current certificate of enrolment.
- A one-page resume (CV).
- All official up-to-date academic transcripts and official GPA.
- GMAT or GRE official test score report.
- English language proficiency test score report (TOEFL or TOEIC or PTE or Cambridge).
- Two completed online reference forms.
GPA needed for LBS MBA
GPA, or Grade Point Average, is an indicator of academic achievement. LBS does not stipulate a minimum GPA requirement for admittance into its programs; however, it remains common knowledge that an exemplary educational pedigree will commonly be expected from candidates. In addition to GPA criteria such as class standing and test marks evaluated during the application process are also taken into consideration by admissions officers when assessing candidates' qualifications.
GMAT needed for LBS MBA
The GMAT, or Graduate Management Admission Test, is a globally recognized standardized examination that many business schools utilize as an evaluation tool for candidates hoping to gain admission into their MBA programs. In order to be considered for admission and get a good LBS MBA GMAT applicants must attain a minimum GMAT score of 600; however, should other tests such as the GRE or Executive Assessment (EA) yield comparable results they may also be accepted in lieu of this requirement.
GRE needed for LBS MBA
Business schools around the globe have made accepting GRE scores as a substitute for GMAT scores more prevalent. Leading academics like LBS are among those that will accept an SCQ minimum of 158 for Verbal and 160 for Quantitative sections- even if applicants have yet to attain this benchmark on their own.
Average Work Experience needed for LBS MBA
MBA students typically possess an average of five years' worth of professional experience, though no hard-and-fast limit exists. Admissions officers seek applicants who reflect the potential for leadership and have attained success in their respective fields.
Is IELTS needed for LBS MBA
The LBS requires a minimum score of 7.0 for non-native English speakers to prove their proficiency in the language. Accepted tests include the IELTS (International English Language Testing System), TOEFL, Cambridge Certificate of Proficiency in English, and Pearson Test of English Academically - though they may vary depending upon the place or institution where one is seeking admission.
LBS MBA Deadlines
The LBS MBA deadlines for the program application vary depending on the round in which applicants choose to apply. The school typically has four application rounds per year, with deadlines usually falling in September, January, February, and April. It's worth noting that the school operates on a rolling admissions basis, which means that applications are reviewed as soon as they are received, and decisions may be made before the final deadline. It's recommended that applicants submit their applications as early as possible to increase their chances of admission and to allow sufficient time for visa and scholarship applications if necessary.
LBS MBA Admission Process
The typical path to admission into an LBS MBA program includes the following itinerary:
- Submitting application: Commencing the process of applying is first and foremost an endeavor that necessitates the submission of an online application. This comprises both personal details as well as academic achievements; while it certainly should also include essays, letters of recommendation - and so on!
- Standardized & English language proficiency: Applicants to the BAR program must take either the GMAT or GRE exam and submit their scores. For applicants whose native language is not English, they must undertake TOEFL or IELTS assessments for English proficiency.
- Interview: Candidates who have been shortlisted for admission are cordially invited to meet with a member of the admissions team. The interview may take place on campus, off-campus or via Skype.
- Decision: After deliberation, the admissions board reaches a resolution about the candidate's application. This could result in an offer of admission, placement on a waitlist or outright denial.
- Acceptance: If an offer of admission is made, the candidate can readily accept it and make a downpayment to secure their space in the course.
When do the admissions start?
Applicants for the LBS MBA program typically commence the admissions process in September or August of each year - although, always consult with their official website to ascertain when dates will be availed.
|Round 1||5 January 2023|
|Round 2||27 March 2023|
When will I hear from the university after I submit my application?
Upon submitting your application, you can expect to receive notification from the university within a few weeks or months, depending on the stage of the application cycle. The LBS MBA program operates in four rounds with notifications typically being issued within two to three weeks after respective deadline dates - however, this timeframe may vary so it's most prudent to inquire with the institution for up-to-date information regarding timing.
LBS MBA Employment / Placement
The LBS MBA program has an outstanding reputation for preparing graduates for successful careers in various industries globally. The school's Career Center offers comprehensive support to students, including career coaching, networking opportunities, and access to job postings. The employment and placement statistics of LBS MBA are impressive, with graduates securing top positions in leading companies worldwide. According to the latest LBS MBA employment & placement report, 95% of the class of 2020 secured employment within three months of graduation, with an average salary of £78,787. The school's extensive alumni network also provides excellent opportunities for graduates to continue their professional development and connect with fellow LBS MBA alumni. Overall, LBS MBA is a wise investment in your future career, with the school's strong industry connections and career services providing exceptional employment and placement outcomes.
LBS MBA Average Starting Salary
According to the most recent employment report, the starting LBS MBA salary is around £85,000 - a significant increase from last year's figure. Salaries in consulting; finance and technology reached as high as £110,000- £120,000 for some candidates with diverse work experience and industry expertise.
LBS MBA Placement Statistics
The latest employment report for LBS MBA graduates reveals that 94% of those graduating were offered a position within three months. Consultant, finance, and technology sectors have the highest number of job placements secured; UK-based placements are at the top with US and Asia coming in third place respectively.
LBS MBA Employment Report
Despite having different admission requirements and curricula, the MIT MBA Employment Report is a critical reference point for LBS MBA students. Not only does their school have an impressive reputation in business education; its latest figures reveal that the average salaries of recent graduates were around $160,000 – with consulting and finance sectors being among the most lucrative industries. Furthermore- according to this report - 92% of those who successfully graduated from MIT's program within three months received job offers.
AVERAGE STARTING SALARY
Top Sectors Hiring LBS MBA Graduates
Several top companies across various industries recruit from the London Business School MBA program. The program's graduates are highly sought after and have gone on to work for some of the world's leading organizations. The program's global reputation and alumni network plays a crucial role in securing job opportunities for MBA LBS graduates.
Companies Recruiting from London Business School MBA
Herein, we shall talk about companies in the top three sectors so that you get a brief idea of the MNCs that you are willing to be a part of in the future:
- McKinsey & Co. - An internationally renowned management consulting firm, whose primary objective is to assist organizations and enterprises in successfully navigating through any challenges that may arise.
- Boston Consulting Group - A premier management consulting firm that offers strategic consultancy services to a diverse array of clients in multiple sectors.
- Bain & Co. - An advisory firm that helps clients craft workable solutions to vexing problems.
- A.T. Kearney - A premier management consulting firm offering a wide range of services assisting businesses in sectors ranging from agriculture to finance.
- Deloitte - A multinational professional services firm providing extensive consulting, auditing, and tax solutions to its patrons.
- Credit Suisse - A premier investment banking, wealth management, and asset management organization with a global presence.
- Goldman Sachs - A premier global investment banking, securities and investment management institution.
- Partners Group - At this global private equity investment firm, we provide a comprehensive range of solutions to suit any investor's needs. Our offerings include funding opportunities in discrete private markets all over the world - be sure to explore!
- Bridge Point Capital - An elite boutique investment banking firm specializing in acquisitions, fundraisings, and various financial advisory services.
- Amazon - A multinational technology firm that specializes in e-commerce, cloud computing, digital streaming and artificial intelligence. This company has ambitious plans for the future!
- Uber - An Uber-like company that provides transportation services via a mobile app platform.
- American Express - A leading financial services concern that provides credit cards, charge cards, and other payment and financing solutions to clients across the globe.
- Deliveroo - A venture that links up with eateries to offer meals to patrons via a mobile app.
LBS MBA Alumni Info
More than 45,000 successful business professionals working in over 155 countries make up our thriving LBS MBA alumni community. Benefit from ongoing alumni career support as you move through your professional life, experiencing increasingly senior challenges and career moves.
Some Famous Alumni of LBS MBA
- Tony Wheeler – Co-founder, Lonely Planet
- Kumar Mangalam Birla – Chairman of the Aditya Birla Group.
- Maria Kiwanuka – Minister of Finance in the Cabinet of Uganda
Application Essay for LBS MBA
The London Business School MBA fees application has two essay questions – one compulsory and one optional.
What are your post-MBA goals and how will your prior experience and the London Business School program contribute towards these?
Is there any other information you believe the Admissions Committee should know about you and your application to London Business School?
Tips for LBS MBA essays
Answering the Essays is not as complex as students think. However, it is essential that your answer contains ambition and relate to school values. You should keep the LBS MBA values in consideration while preparing the LBS MBA Essays. Here are some tips to help you -
- Reveal your specific post-MBA objectives. Elucidate your goals for the immediate future and anticipate longer-term ambitions, discussing how the LBS MBA program and previous experiences can aid in their achievement.
- Demonstrate a profound understanding of the LBS MBA program and its core values. By showcasing your ambitions in alignment with the school's objectives, you'll provide compelling evidence that you deeply comprehend the mission as well as its lofty aspirations.
- Use your past experience to support your ambitions. This could help the admissions committee gain a better understanding of your potential and envisage how you can add value to the LBS community.
- Be forthright and self-assured as you craft your prose. Admission committees prize applicants who are cognizant of their capabilities and have the capacity to introspect upon any perceived shortcomings.
- Allow the optional essay to fill any lacunae in your application. If you wish to expand upon certain aspects or elucidate any inconsistencies, then utilize this space wisely.
Letter of Recommendation for LBS MBA
To submit an LBS MBA application, you need to share a document called the Letter of Recommendation attested by a referee. Also, one needs to share the names of the referee and their details.
In order to do so, you must first find someone to serve as your referee. This person might be one of the following:
- Your current employer (if you don’t intend to ask your current employer to be a referee, a colleague shall suffice).
- Someone who knows you well in a work context, such as a former employer or long-standing client (if you don’t want to ask your current employer to be a referee, a colleague will suffice).
The university shall send your referee an email with log-in details for their online reference system when you enter their information into the online application form. In connection with your application, LBS MBA reserves the right to contact your referee for additional information.
Interview Questions for LBS MBA
Q: Why LBS?
Q: Tell me about yourself?
Q: Can you list down your achievements?
Q: How will you prioritize activities in LBS?
Q: Why MBA in UK over the USA?
Q: How do you plan to manage areas of improvement during LBS?
Q: How much work experience do you have and in which background?
Q: If you get into LBS MBA, which courses or classes would you lead the study group?
Q: Do you have any start-up ideas?
Q: What do you like about LBS?
Q: Apart from what’s present in your resume, tell us something new?
Q: List down your 3 strengths and 3 weaknesses?
Q: What are the extracurricular activities you have been involved in?
Q: Would a scholarship make or break your application?
Q: Have you ever set up a team? How did it go?
Q: What does your team think about you?
Q: How would you contribute to LBS peers? How is it different?
Q: What areas of business and management you like to get into?
Q: How do you plan to improve your global outlook?
Q: Share your thoughts on your work experience?
Tips for LBS MBA interview questions
LBS MBA interview questions tend to be focused on applicants and their careers. If you desire a smooth transition in your admission process, you must consider how to face these interview questions. Be prepared and answer each question confidently. there are no set questions and you can only get samples to prepare. Therefore try focusing on other things than the answers themselves. Here are a few tips you can use to face the interview questions from LBS MBA -
- Research LBS thoroughly: Before the interview, be sure to delve into the institution and program carefully; acquaint yourself with how your aspirations align with LBS' core principles and ethos. It is essential that you understand these before commencing an interaction.
- Practice your responses: As you prepare for an interview, it is important to familiarize yourself with commonly asked questions and anecdotes that highlight your achievements, abilities, and shortcomings. By confidently answering such queries in a manner befitting one's experience level, you will demonstrate poise as well as eloquence on the job site.
- Highlight your unique experiences: Utilize the interview opportunity to underscore accomplishments and experiences that are absent from your application, demonstrating your singular capabilities and characteristics.
- Be specific: When providing answers to questions about your motivations, experiences, and assets, be detailed and provide examples. This will help the interviewer comprehend your train of thought and discern how you might contribute to the LBS community.
- Show your passion: Throughout the interview, convey your enthusiasm for commerce and management. Demonstrate your eagerness to acquire new knowledge and expand your potential; this will highlight that you are a worthy candidate for admission into LBS' MBA program.
What Makes LBS MBA Unique?
The LBS MBA program, is a unique program that provides students with an eminently balanced education while also offering access to a global network of alumni. It emphasizes practical learning experiences and accommodates students from varying backgrounds, enabling them to gain real-world knowledge and insights from classmates who come from diverse life experiences. Located in the bustling metropolis of London - both financially successful as well as innovative - this MBA boasts an unparalleled opportunity for networking (both professionally and personally) alongside internships that provide ample exposure to local industries; further emphasizing the school's dedication towards diversity, sustainability & entrepreneurship.
- Flexibility with regard to program tenure: MBA applicants at LBS can complete their master’s degree in 15, 18, or 21 months, depending on their particular objectives. The 15-month program is ideal for students who want to get back to work as soon as feasible after completing an outstanding. It provides a fuller experience than other elite European programs (such as the 11-month INSEAD and IMD full-time programs) while being significantly shorter than most US MBA programs (traditionally 21 months).
- Curriculum: The MBA LBS curriculum is well-known for its high quality and rigor. It strikes an interesting balance between case discussions, lectures, and group work, which is an obvious benefit for students who believe that the case method alone cannot adequately teach some fundamental ideas.
- The first-year curriculum consists of 13 core courses that address business topics such as corporate finance, accounting, marketing, and strategy. “Appropriately qualified students may be able to acquire an exemption (or waiver) from the core courses in Managerial Economics, Financial Accounting, Corporate Finance, and Management Accounting,” according to the school.
- Student Body: LBS has a highly diversified student body. For instance, 90% of the 409 students in the 2015 batch were international students representing 69 different countries. The ratio of female students continues to rise, reaching 32% in the 2015 class (from 28 percent in the class of 2012). Today, in 2022, it has reached 38%.
- It’s London: The school’s location is an important factor to consider. London, despite its high cost of living, or high London business school MBA fees. It indeed is a fantastic city to live in, particularly with a busy nightlife, a rich cultural atmosphere, and a scrumptious, mind-boggling food scene. Above all, the school is situated near Regent Park, one of London’s most beautiful parks.
- Placement Opportunities: London is one of Europe’s most vibrant business centers. It is a financial center and home to several European headquarters, providing MBA graduates with a plethora of professional options. MBA recruiting powerhouses like BCG, Bain, and McKinsey, as well as banks and private equity firms like Citi, Goldman Sachs, and Deutsche Bank, hire students from the school on a regular basis. However, many of the largest names in tech and CPG, including Google, Amazon, Facebook, Amex, and J&J, as well as a slew of industrial enterprises, actively seek LBS graduates.
Is LBS MBA worth it? The London Business School MBA program is a globally recognized program that offers a comprehensive and challenging curriculum. The program provides students with the necessary skills and knowledge to succeed in the business world and has a diverse and dynamic student community. With a strong reputation and extensive network of alumni, graduates of the LBS MBA program have achieved significant career success and are employed in various industries globally. The high employment and placement percentage, as well as the competitive starting salary, make the MBA LBS program a valuable investment in one's future. Overall, the LBS MBA program is an excellent choice for individuals looking to advance their careers in business and gain a global perspective on the industry.
The LBS MBA admission requirements include a bachelor's degree, a competitive GMAT or GRE score, work experience, and English language proficiency.
The average GMAT score for LBS MBA students is 700, and the average GPA is 3.5. However, the admissions committee considers a range of factors beyond these scores.
Graduates from the LBS MBA program have an impressive track record of pursuing successful careers in a wide range of industries, with many going on to assume leadership roles.
LBS offers a range of scholarships and financial aid opportunities for MBA students, including merit-based scholarships, need-based scholarships, and loans. Applicants are encouraged to review the available options and apply early.
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