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LBS MIM Review


10 minutes

Table of Contents

    Ever considered kick-starting your career at a prestigious institution that's recognized globally? Look no further than London Business School (LBS). Renowned for its MBA program, LBS is also carving out a distinguished reputation with its recently launched MIM program, which has quickly become a formidable player in the educational field.

    Imagine immersing yourself in a fast-paced curriculum, backed by the acclaimed LBS brand, and supported by a rich network of alumni. This powerful combination has made the LBS MIM program one of the most sought-after in the world.

    Picture studying in the heart of London just blocks away from the city’s bustling financial district. This strategic location offers an unrivaled opportunity to connect with industry leaders in finance, management science, and entrepreneurship. A truly global hub, LBS welcomes graduate and doctoral students from around the world, creating a diverse and dynamic learning environment.

    Reflect on the progressive and inclusive nature of LBS, where the top management team is 65% female and employees hail from 55 different countries. LBS has a track record of producing successful businessmen and entrepreneurs, including luminaries like Kumar Mangalam Birla, Tony Wheeler, Wong Kan Seng, Cyrus Mistry, Ramji Raghavan, and many others.

    Tuition Fees for MIM 2024  £47,500
    Program Length 12-16 Months
    Program deadline
    MIM 2026
    Monday 25 September 2023
    Thursday 14 December 2023
    Monday 11 March 2024
    Thursday 2 May 2024
    Intakes 1 (2 May 2024)
    Application Fees £180

    Class Profile

    The MiM is a comprehensive training program designed to help individuals develop their critical business understanding and international perspective. LBS MIM class profile values diversity and inclusion. They are committed to welcoming everyone, regardless of their backgrounds.

    Class Size 288
    Average Age -
    Average GPA 3.3+
    Women Diversity 43%
    Average GMAT Score 681
    Average Work-experience 0-2 Years
    Pre-MIM industry Consulting 29%
    Finance/Accounting 21%
    IT&T 8%
    FMCG/Retail/Luxury Goods/E-commerce 8%
    Countries Represented
    MIM 2025
    North America 18%
    South East Asia/East Asia 17%
    Central South America 17%
    South Asia 16%

    Acceptance Rate

    The London Business School has a 12% acceptance rate, which indicates that it is very selective but the school has a relatively large class size. of 288 students. It aims to provide students with the necessary business skills and international perspective to succeed in their careers.

    However, it is also important to note that acceptance rates may vary based on the cohort to which an applicant belongs. For instance, Indian and Chinese cohorts at the London Business School MIM program tend to have a lower acceptance rate due to a high number of applicants from these regions.

    Program and Curriculum

    lbs mim program curriculum

    The LBS MIM program is structured to provide a blend of in-depth theory and practical experience. It provides students with full-time corporate work experience alike. In addition, students can select from a list of 40 electives. Aside from the theoretical courses, there are Global Immersion field trips in the London Business School MIM program that help transfer theory to experience to solve problems, which is a basic business ability in high demand.

    Core Courses

    Applied Microeconomics A course that helps students analyze economic principles and understand their application in business decisions.
    Data Analytics for Management A course that teaches students how to use data analysis techniques to improve business outcomes.
    Finance A course that provides students with a thorough understanding of financial markets, corporate finance, and investments.
    Strategic Analysis A course that teaches students how to analyze business environments, identify strategic challenges, and develop effective solutions.
    Marketing A course that helps students understand the principles of marketing and develop effective marketing strategies.

    Electives

    Business Analytics A course that teaches students how to use data analytics to identify business trends and make informed decisions.
    Finance An elective that provides students with a deeper understanding of financial markets and investment strategies.
    Management Accounting An elective that focuses on understanding accounting practices and how they are used in decision-making.
    The Global Macroeconomy An elective that analyzes the global economy and its impact on businesses and markets.
    Marketing An elective that focuses on developing advanced marketing strategies and techniques.

    Clubs and Associations

    • Out in Business - A club that promotes diversity and inclusion in the workplace for LGBTQ+ professionals.
    • Retail & Luxury Goods Club - A club that focuses on careers in the retail and luxury goods industry.
    • Social Impact Club - A club that focuses on creating positive social impact through business practices.
    • Women in Business - A club that supports and empowers women in business through networking, mentorship and professional development opportunities.
    • Technology and Media Club - A club that explores emerging trends and developments in technology and media industries.

    Extra Activities

    • Global Immersion Field Trips - International study tours aimed at providing students with exposure to diverse business cultures and practices.
    • Internships - Practical work experience opportunities aimed at helping students apply their classroom learning to real-world scenarios.
    • Guest Speakers - Renowned industry experts invited to share their insights and experiences with students, providing valuable networking opportunities.

    Scholarships

    The Laidlaw Women's Leadership Fund This scholarship is available for successful women applicants of the MBA, EMBA, and MiM programs, providing full or partial tuition fee coverage.
    The iSchoolConnect Scholarship This scholarship is open to all successful applicants and provides variable funding.
    The Lady Meherbai D Tata Education Trust Scholarship This scholarship is available for Indian women graduates from recognized Indian universities with a strong academic record and offers variable funding.
    The Peace Fellowship This scholarship is open to active Rotary members and provides variable funding.
    The Ghosal Memorial Scholarship This scholarship provides £5,000 to successful applicants of any program.

     

    Eligibility and Requirements

    lbs mim eligibility requirements

    London Business School's Master in Management (MiM) program is aimed at recent graduates who have less than one year of full-time corporate work experience or less than two years in a non-traditional business role. To be eligible for the program, there are certain requirements set by the LBS MIM program. With these eligibility and requirements, the MiM program seeks to provide candidates with the necessary business skills and international perspective to succeed in their careers.

    Eligibility

    • Recent graduate; a person with less than one year of full-time corporate work experience or less than two years in a non-traditional business role.
    • Graduate with a UK 2:1 or higher (or are you expected to) in any discipline; this equates to above-average academics in other grading schemes.
    • A minimum of 3.3 GPA in the bachelor’s program must be obtained by the candidate.
    • GMAT/GRE: No minimum score but recommend to apply with a GMAT score of 600 or above.
    • English Language Proficiency

     Document related to the application

    • Online application form
    • Application Essays
    • GMAT/GRE Score
    • One page CV
    • Letter of Recommendation
    • A copy of the college transcript
    • IELTS, TOEFL, Cambridge CPE, CAE or PTE Academic score (for some international students)

    Application Fees

    • The application fee for the direct LBS MIM fees for the application £100.
    GPA needed Applicants to the LBS MIM program are required to have a minimum of 3.3 GPA in their undergraduate program. While this is the minimum requirement, having a higher GPA will increase the chances of being accepted into the program.
    GMAT needed While there is no minimum GMAT score requirement for LBS MIM, it is recommended that applicants apply with a score of 600 or above. A higher GMAT score will increase the chances of being accepted into the program. The average LBS MIM GMAT score the London business school's MIM class is 681.
    GRE needed While there is no minimum GRE score requirement for LBS MIM, applicants may choose to submit their GRE scores instead of GMAT scores. Similar to the GMAT, having a higher GRE score will increase the chances of being accepted into the program.
    Average Work Experience needed London business school's MIM is designed for recent graduates, with less than one year of full-time corporate work experience or less than two years in a non-traditional business role. This means that the program is ideal for individuals who are looking to kick-start their career in business or gain business knowledge before entering the workforce.
    Is IELTS needed for INSEAD MBA? While London business school's MIM has not explicitly stated an exact score requirement for English language proficiency , it is recommended that non-native English speakers apply with a TOEFL score of 100 or an IELTS score of 7.0 or above. Strong English language skills are crucial for success in the program and in future business endeavors.

    MIM Deadlines

    You may apply for admission for the LBS MIM program to any of the following deadlines in the calendar. If you are not able to meet one of London Business School MIM program deadlines, then you should submit your application by 11.59 pm UK time on the day of your choice. To ensure that your application is complete, you should also complete and submit all of the necessary documents.

    Admission Process

    Here is admission process which takes place for the LBS MIM program:

    • Required Documents: Academic transcripts, standardized test scores, personal statement, resume/CV, two references, and application fee.
    • What's Next: Once the application is submitted and reviewed, applicants may be invited to complete a video interview and/or a live interview with LBS admissions team.
    • Interviews: Interviews are conducted to assess the applicant's fit for the program, personal qualities, and professional experience.
    • Waitlist: After the interview, applicants may be placed on a waitlist and informed if a spot becomes available.

    When do the admission start?

    The selection criteria for LBS MIM deadlines is the same as those used throughout the admissions cycle. However, in the final months of the process, there are often more applicants. If you are still interested in a scholarship, then please submit your London Business School MIM application no later than the March deadline.

    Rounds Application Deadline
    Round 1 -
    Round 2 14 December 2023
    Round 3 11 March 2024
    Round 4 2 May 2024

    Employment And Placement

    employment placement lbs mim

    The London Business School's MIM career has been developed in extensive consultation with leading recruiters, and the curriculum focuses on the knowledge and skills top-flight employers demand. As a result, the London Business School MIM program is excellent preparation for your management career. Global companies come on campus throughout the year to recruit our talent; termly recruitment fairs give you the chance to network with a wide range of companies, ranging from finance and consulting firms to tech firms and start-ups.

    Average Starting Salary The average starting LBS MIM salary for graduates is £70,000. The average salary of a MiM graduate three years out after graduating from the London Business School (LBS) programme has steadily increased to £50,000- £70,000, boosting the School’s position in the rankings. London Business School is also the top ranked UK school, and the only UK school to feature in the top ten, provide the information on London Business School's Masters in Management (MiM) programme has been ranked globally at number three in the Financial Times' 2018 ranking.
    Placement Statistics London Business School's MIM program has an impressive placement record, with 94% of graduates accepting an offer within three months of graduation. This indicates that students are well-prepared for the job market and have developed the skills and knowledge that employers are seeking. The remaining 6% of graduates from the London Business School MIM program may have chosen to pursue further education, start their own business, or take time off before beginning their careers.
    Employment Report The LBS MIM employment report provides detailed information about the career paths and earnings of recent graduates. According to the most recent report, the top sectors for MIM graduates are consulting (45%), financial services (27%), and technology (18%). This reflects the diverse interests and skills of MIM students, as well as the strong demand for professionals in these fields.

     

    Top Sectors Hiring:MIM Graduates

    The LBS MIM curriculum is designed with the help of leading employers to provide the knowledge and skills needed by today’s workers.

    With LBS’s central London location and extensive business connections, one can easily reach out to potential employers and gain the skills and knowledge that will allow you to excel in their career.

    The London Business School MIM program is designed to provide you with the necessary skills and confidence to successfully communicate your value to potential employers.

    Companies recruiting from LBS MIM

    London Business School's Master in Management (MIM) program has gained recognition as a premier stepping stone to a successful career. With its strong emphasis on practical skills and global exposure, it's no wonder that a wide array of prestigious companies actively recruit talented graduates from the LBS MIM program. In this article, we'll explore the names of some of these renowned companies and discover why MIM graduates are highly sought after in the corporate world.

    Herein, we shall talk about companies in the top three sectors so that you get a brief idea of the firms and sectors that you are willing to be a part of in the future:

    Consulting Finance Technology
    Bain & Company Goldman Sachs Amazon
    Boston Consulting Group J.P. Morgan IBM
    Oliver Wyman HSBC Tencent

    Alumni Info

    With over 45,000 members worldwide, the LBS MIM alumni network is known for its diverse resources and opportunities.

    Some Famous Alumni of LBS MIM

    • James Alexander- Senior E-Comms Analyst, Ray-Ban.com, Luxottica Group
    • Allan Baudoin- Founder, Allan Baudoin Bootmaker
    • Thomas Carroll- Associate Partner Manager, Amazon

    Application Essay

    LBS MIM essays application consists of the following essay questions to answer as a part of the admission process -

    Essay 1 What learning outcomes are you aiming to achieve as part of your Masters in Management programme? What challenge(s) might you encounter? (500 words)
    Essay 2 During your time as a Master’s in Management student, how will you contribute to the School community? (400 words)

    Tips for essays

    To make a strong impression with their LBS MIM essays, applicants should keep in mind some tips specific to LBS MIM's values. These include identifying specific learning outcomes they aim to achieve in the programme, being aware of challenges they might face and how to address them, and explaining how they plan to contribute to the LBS community.

    • Understand the LBS MIM programme and its values: Familiarize yourself with the programme's structure, curriculum and values and align your goals and aspirations with those of the programme.
    • Be specific and concise: In your essays, be specific about your goals and how the LBS MIM programme will help you achieve them while also being concise in your responses.
    • Highlight your unique qualities: Emphasize your unique qualities, experiences, and skills that set you apart from other candidates and how they will contribute to the LBS community.
    • Demonstrate your research: Demonstrate your research about the LBS programme and how it aligns with your goals and values showing your interest and dedication to the programme.
    • Be authentic: Write in a genuine and authentic voice, demonstrating your personal values, perspectives and aspirations while being honest and transparent about your experiences and motivations.

    Letter of Recommendation (LOR's)

    As a part of the application process for the LBS MIM programme, applicants are required to submit one reference letter from either a current or previous employer who can provide valuable insight into their character and abilities. If applicants do not have a current or previous employer, they may select an academic referee who knows them well enough to comment on their character and abilities. MIM does not accept pre-written letters of recommendation, and the reference must be submitted through their online system. 

    These questions if added in your Letter of Recommendation can make your application stand out -

    1. How do you know the applicant? How long have you known them for?
    2. What would you say are the applicant’s key strengths and talents?
    3. What would you say are the applicant’s key weaknesses or areas for improvement?
    4. How do the applicant’s performance, potential and personal qualities compare to those of other individuals in similar roles?
    5. What do you think this person might be doing in ten years’ time? Why?

    Interview Questions

    The LBS MIM interview questions and process is an important part of the MIM application and it's important for applicants to prepare thoroughly. To succeed in the interview, it's important to keep LBS MIM values in mind and present oneself as a well-rounded candidate with a clear career vision. Some tips for success include understanding one's strengths and weaknesses, being able to communicate one's goals and how the  MIM program fits in with them researching the program and its values.

    SET 1
    Q1: Run me through your resume.
    Q2: Few questions related to my job experience and other things I mentioned in the application form.
    Q3: Why MIM and why LBS?
    Q4: Other schools you have applied to and which one will you choose if you get through all?
    Q5: What if you don’t get through LBS this year and LBS asks you to apply again next year?
    Q6: What is your leadership definition? Are you a leader?
    Q7: How will to contribute to peer learning at LBS?
    Q8: Talk about your strengths & weaknesses.
    Q9: Tell me about your educational background and job.
    Q10: Why did you choose this job?

    SET 2
    Q1: Why MIM now? Do you think LBS will help you in achieving your post MIM goals?
    Q2: What if you don’t find a job post-graduation from LBS?
    Q3: How will you ensure that you find a job post-graduation?
    Q4: How will you add value to your peer group at LBS apart from sharing learnings from your work experience?
    Q5: Why will you choose LBS over other B-schools listed in my application?
    Q6: Are you a team player? Give examples of situations where you have worked closely in teams.
    Q7: How will you fund your venture and other expenses?
    Q8: Is your employer’s business strategy right? i.e., business model, market, etc.
    Q9: What are your industry’s key trends/ latest developments?
    Q10: What is your Plan B if consulting/Investment banking does not happen?

    What Makes LBS Unique ?

    LBS MIM Unique

    Is LBS MIM worth it? London business school's MIM is known for its rigorous curriculum, innovative teaching methods and diverse student body. What makes MIM unique is its focus on developing students into well rounded leaders who not only possess the technical skills necessary to succeed in today's business world but also have a global perspective, a commitment to social responsibility and an entrepreneurial spirit. Here are a few facts about LBS that make it unique -

    • Global Impact: London Business School MIM doesn’t just focus on London. It’s about using the city as a platform for global thinking and global impact. With a variety of programs and courses, students are able to create a unique perspective on business, and are equipped to make a difference in any industry.
    • Flexibility: The London Business School MIM program program is incredibly flexible. You can take the same course in different formats, so you can keep up with all of your professional and personal commitments. This allows you to balance your time and make the most of the opportunities that the program has to offer.
    • Trips: The London Business School’s students are passionate about traveling, and there are literally a couple of trips a week to some of the world’s most interesting and diverse destinations. Some of the most popular trips that the school’s students take are the Japan Trek, the Snow Trek, and the Dublin trip. These trips are designed to create a global mindset.
    • Career Support: They will be mentored by experienced professionals like LBS MIM and MFin alumni’s who would provide guidance regarding job applications and advice. Through lectures and panel discussions, students will gain insight into the best practices of successful executives. 
    • Student Clubs: There are more than 75 student clubs ensuring holistic growth and development at the London Business School MIM program.
    • Experiential learning: Experiential learning is a key component of the London Business School’s experience. It allows students to connect with industry and gain a deeper understanding of what they’re learning. From field trips to speaking engagements, the school’s Experiential Learning program is designed to introduce students to the world of business.

     

    Conclusion

    London business school's MIM program is not like any other management master. The program is developed with the partnership of top global recruiters. It makes you the most relevant candidate standing in the job market. The LBS offers critical business understanding and adaptive management skills. With the degree by your side, you will have an international perspective and business-ready practical skills to succeed in your career. LBS  is easily of the most renowned MIM colleges in UK.. Start preparing now, as thousands of international students apply for the program every intake.

    Know Your Author
    Photo of Rohit
    Rohit Rajaram
    Study Abroad Expert
    Rohit is a results-driven individual with a strong background in Education Mentorship, Program Management and Business Development. Holding a Master's degree in Management from ESCP Business School in Paris, Rohit combines academic excellence with extensive industry experience. Throughout his career, Rohit has consistently delivered exceptional results, driving sales, increasing turnover, and achieving targets. Known for his strategic acumen, Rohit formulates and executes successful business strategies, enhancing operational quality, customer satisfaction and key bottonline drivers. As the Co-Founder of MiM-Essay, a leading Early Career Degrees application consulting company, Rohit has successfully mentored over 10,000+ students, enabling them to secure admissions in top-ranked schools worldwide with significant scholarships. Under his leadership, the company has maintained high-quality service and exceptional client satisfaction rates. With expertise in analytics, product development and business excellence, Rohit has successfully driven the success of various initiatives. Committed to constant innovation, he is expanding the company's offerings by introducing digital and technology-powered products for comprehensive education solutions.
    Does LBS take GRE for MiM?

    They accept both the GMAT and GRE. Therefore, one must take one of these tests prior to submitting their application. We require the GRE and the GMAT as part of the admission process. Although we do not have a preference, we do not mind if an applicant chooses to take either test.

    Is a 3-year degree accepted at LBS?

    Yes, to be considered for admission, an individual should have a bachelor’s degree that has a Cumulative Grade Point Average of 3.3 or higher.

    What are the admission requirements for the LBS MIM program?

    Admission requirements typically include a bachelor's degree or equivalent, standardized test scores (e.g., GMAT or GRE), English language proficiency (TOEFL or IELTS for non-native speakers), letters of recommendation, and a resume. LBS may also consider work experience and extracurricular activities.

    Are scholarships or financial aid options available for LBS MIM students?

    Yes, London Business School typically offers scholarships and financial aid options to qualified MIM applicants. Scholarships can vary in terms of eligibility criteria and the amount awarded, so it's advisable to check the school's website for the most current information on available funding opportunities.

    Can LBS MIM students participate in extracurricular activities or student clubs?

    Yes, students at London Business School, including those in the MIM program, have the opportunity to engage in a variety of extracurricular activities and join student clubs related to their interests. These activities provide valuable networking opportunities and personal enrichment.