Wikipedia

London Business School

This article is about the constituent college of the University of London. For other uses, see London Business School (disambiguation).

London Business School (LBS) is a business school and a constituent college of the federal University of London. LBS was founded in 1964 and awards post-graduate degrees (Master's degrees in management and finance, MBA and PhD). Its motto is "To have a profound impact on the way the world does business".[4]

London Business School
MottoTo have a profound impact on the way the world does business
TypePublic business school
Established1964; 60 years ago (1964)
Endowment£62.4 million (2023)[1]
Budget£175.7 million (2022/23)[1]
DeanSergei Guriev
Academic staff
110 (2022/23)[2]
Students2,300 (2022/23)[3]
Location
London, NW1
,
United Kingdom

51°31′35″N 0°09′39″W / 51.52639°N 0.16083°W / 51.52639; -0.16083
CampusLondon and Dubai
Colours
AffiliationsUniversity of London, AACSB, EQUIS, AMBA
Websitelondon.edu

The main campus is located at Sussex Place in London, adjacent to Regent's Park. In 2012, the school acquired the Marylebone Town Hall and spent £60 million to refurbish it with the objective of expanding its teaching facilities by 70% - the new building is called The Sammy Ofer Centre.[5] In 2017, it was announced that LBS had also acquired the site of the Royal College of Obstetricians and Gynaecologists,[6] who vacated the building in November 2019.[7] LBS has a secondary campus in Dubai that is dedicated to Executive Education and the Dubai EMBA.[8]

History

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Foundation

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Sussex Place, main campus of the London Business School in London

London Business School was founded in 1964 under the name of the 'London Graduate School of Business Studies', with Dr. Arthur Earle as Dean. In 1965, the school was registered as a company and was designated by the University of London as an institution having recognised teachers. In 1966, the first Executive Development Programme was launched, followed by the Senior Executive Programme. The same year, a full-time MSc degree was also launched, with Sheila Cross enrolling as the School's first female student. In 1968, the School inaugurated the Sloan Fellowship MSc programme, which was the first one outside of the US. 17 students were enrolled and the programme was funded by the Alfred P. Sloan foundation. The first doctoral programme was established in 1969 and in 1970 Her Majesty Queen Elizabeth II opened the School's Regent's Park campus. The first PhD was awarded in 1974, and that year women made up over 15% of the student body for the first time. In 1983, the first part-time MBA programme was held under the direction of Sir Andrew Likierman, a former Dean of the School. In 1986, the school officially became the London Business School and was incorporated by Royal Charter, which gave LBS the right to confer and grant degrees. In 1992, the School was given the Queen's Award for Export in recognition of providing educational services to managers and companies worldwide. The following year, the school started its first Masters in Finance programme and in 2001, the EMBA-Global degree programme in partnership with the Columbia Business School.[9]

In 2007 a new campus was opened in Dubai to offer both Executive MBA and Executive Education Programmes. In 2009, the school started two new programmes: The EMBA-Global Asia, in partnership with the University of Hong Kong and Columbia Business School, and the Masters in Management (MiM). In 2012, the school acquired Marylebone Town Hall and restored it with the objective of expanding its teaching facilities by 70 per cent.[5] The building was renamed "The Sammy Ofer Centre" in honour of a generous donor, the Ofer Family, who made a gift for the development of the building, which was opened in 2017.[10] In 2016, LBS launched a new programme, the Masters in Financial Analysis, aimed at recent graduates who wish to pursue a career in finance, and acquired the lease of the neighbouring building of the Royal College of Obstetricians and Gynaenocologists, which it will occupy in 2020.

With the objective of increasing its size, the school organised a £100 million funding campaign. By the beginning of 2016, it had raised £98 million, £40 million of which will be used to renovate the Marylebone Town Hall, with £28 million for research, £18 million in scholarships for students, £10 million to increase the school's endowment, and £4 million to improve technology across the school.[11] By June 2016, the school had raised £125 million, including two £25 million gifts from alumni Jim Ratcliffe and Idan Ofer.[12]

François Ortalo-Magné, the French-born former Dean of the Wisconsin School of Business, succeeded Sir Andrew Likierman as Dean in August 2017.[13] In January 2024, it was announced[14] that the Russian economist Sergei Guriev, previously the provost of the Institut d’études politiques in Paris (Sciences Po) would take over from Ortalo-Magné at the beginning of the 2024/2025 academic year, also joining the university's faculty[15] as a professor of Economics. Guriev took up his post on 1 August 2024.[16]

Campus

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Sussex Place, main campus in London
 
The Marylebone Town Hall, second campus in London

The campus is at Sussex Place in Marylebone, on the perimeter of Regent's Park.[17]

The business school has redeveloped the Marylebone Town Hall into classrooms and offices at the Sammy Ofer Centre. It will further expand it in 2020 (see above).[18]

Organisation and administration

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List of the London Business School Deans

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List of the Deans from 1965 to today:[19]

Starting year Ending year Name
1965 1972 Arthur Earle
1972 1984 Sir James Ball
1984 1989 Peter G. Moore
1989 1997 Sir George Bain
1998 2001 John Quelch
2002 2006 Laura Tyson
2007 2008 Robin Buchanan
2009 2017 Sir Andrew Likierman
2017 2024 François Ortalo-Magné
2024 Present Sergei Guriev

Academics

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Master in Business Administration (MBA)

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The school's flagship programme is its full-time 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 approximately 80 students who take all core courses together.

Beyond academics, the school puts an emphasis on personal and professional development including leadership, global awareness, and business skill building. These developments are facilitated via specialized workshops led by external consultants, students, and faculty. In addition to a range of elective courses at the London Business School, the school has partnerships with around 32 exchange schools around the world. Each academic year around 100 students spend a term at another leading business school.

The MBA Programme has one of the world's largest international exchange programmes.[20] 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

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The school offers four Executive (part-time) MBA degrees, which are completed in 16–20 months. At an academic level, the school offers the same degree to both Executive (part-time) 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".[21]

Sloan Masters in Leadership and Strategy

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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.[22] 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 to 23 countries.[23]

This 12-month, full-time master's degree programme focuses on strategy, leadership and change, and globalisation. The Sloan programme is also offered at Stanford Graduate School of Business and the MIT Sloan School of Management.

Masters in Finance

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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 60 attend the part-time degree.

Masters in Financial Analysis (MFA)

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The Masters in Financial Analysis is the most recent programme offered by the London Business School, starting in September 2016 and consists of 12 months of courses. The programme targets recent graduates with less than a year of work experience who plan to start a career in finance, typically as an analyst in an investment bank or in consulting. The curriculum consists of 12 core courses based on 5 pillars (Accounting, Corporate Finance, Asset Management, Financial Markets, and Financial Econometrics). The 12 courses are:[24]

  • Corporate Finance
  • Capital Structure
  • Mergers & Acquisitions
  • Investment Fundamentals
  • Asset Management
  • Analysis of Financial Statements
  • Securities Valuation and Financial Modelling
  • World Economy
  • Financial Institutions
  • Personal Finance
  • Private Equity
  • Data and Time Series Analytics

Students must also complete three electives of which a minimum of two must be related to finance.[25] The programme includes a business immersion week within a company (Google, Deloitte, CNN, Accenture, Blackrock etc.) to work on case studies.[26] Finally, students participate in a Field Trip (study trip) that lasts a week. This travel experience consists of many networking dinners, company visits, and company presentations. The following destinations are available: Silicon Valley, Paris, Milan and Munich, Mumbai and Bangalore, or Shanghai.[27]

Masters in Management (MiM)

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The Masters in Management (MiM) is a one-year master's 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.

The programme is structured in 3 terms, composed of the following core courses:[28]

First term:

  • Financial Accounting
  • Data Analytics for Management
  • Finance
  • Performance in Organisations

Second term:

  • The Global Macroeconomy
  • Marketing
  • Strategic Analysis
  • Decision and Risk Analysis

Third term:

  • Applied Microeconomics
  • Introduction to Management Accounting

Students must also follow 2 electives and can choose among 30 different courses.[29] The programme includes a business immersion week within a company (Google, Deloitte, CNN, Accenture, Blackrock etc.) to work on case studies.[30] Finally, students have to participate in a Field Trip (study trip) that lasts a week. This travel experience consists of many networking dinners, company visits, and company presentations. The following destinations are available: Silicon Valley, Paris, Milan and Munich, Mumbai and Bangalore, or Shanghai.[31]

Rankings

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Business School
International Rankings
European MBA Ranking
QS (2025)[32]1
Financial Times (2024)[33]4
Global MBA Ranking
QS (2025)[34]5
Financial Times (2024)[35]8


2025 QS Global MBA Rankings

QS Business Master's Rankings

  • Master's in Business Analytics - 5th in world
  • Master's in Finance - 4th in world
  • Master's in Management - 4th in world

2024 Financial Times Global MBA Rankings

  • MBA - 8th in world, 4th in Europe

Financial Times Master's Rankings

  • Master's in Management - 6th in world
  • Master's in Finance - 10th in world

Research

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The school's 150 faculty work through 16 research centres or institutes.[36] According to the 2021 Research Excellence Framework, the school came as the third department in the UK for business and management research.[37]

PhD programme

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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.[38]

Student life

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Clubs

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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.[39]

Notable people

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Alumni

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Alumni associations

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The London Business School has 50,000 alumni in more than 150 countries. Many local clubs (Paris, New-York, Zurich etc.) organise recurrent events in their city.[62]

Faculty and staff

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See also

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References

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  1. ^ a b "Financial Statements 2022–2023" (PDF). London Business School. Retrieved 18 January 2024.
  2. ^ "Who's working in HE?". www.hesa.ac.uk. Higher Education Statistics Agency.
  3. ^ "Where do HE students study? | HESA". hesa.ac.uk. Higher Education Statistics Agency.
  4. ^ "London Business School｜About". Official Homepage of London Business School. Retrieved 12 August 2023.
  5. ^ a b "LBS Expansion". Financial Times. 30 November 2012. Archived from the original on 10 December 2022.
  6. ^ "London Business School expands at Regents Park | Forsters LLP | Leading Mayfair law firm". www.forsters.co.uk. Retrieved 3 June 2022.
  7. ^ "Our move to Union Street". Royal College of Obstetricians & Gynaecologists.
  8. ^ "Dubai". London Business School.
  9. ^ "London Business School". London Business School.
  10. ^ "Sammy Ofer Centre". Archived from the original on 12 March 2016.
  11. ^ "Funding campaign". Archived from the original on 20 February 2016.
  12. ^ Moules, Jonathan (15 June 2016). "London Business School raises £125m in first fundraising". Financial Times. Retrieved 16 June 2016.
  13. ^ Vina, Gonzalo (25 July 2016). "LBS appoints François Ortalo-Magné as dean". Financial Times. Archived from the original on 10 December 2022. Retrieved 25 March 2017.
  14. ^ "London Business School's New Dean Was Once Forced To Flee Vladimir Putin's Russia". Yahoo Finance. 26 January 2024. Retrieved 28 August 2024.
  15. ^ "Renowned economist to lead LBS". London Business School. Retrieved 28 August 2024.
  16. ^ Sergei, Guriev (31 July 2024). "I am humbled, honoured and excited to start tomorrow morning as the 10th Dean of London Business School @LBS!". X.com. Retrieved 28 August 2024.
  17. ^ "Campus services". london.edu. Retrieved 31 January 2015.
  18. ^ "News". london.edu. Retrieved 31 January 2015.
  19. ^ "Our leadership". London Business School.
  20. ^ "MBA Rankings: London Business School". The Economist. Retrieved 10 February 2016.
  21. ^ "What is the difference between EMBA-Global Asia and other Executive MBA programmes?". London Business School. Retrieved 24 June 2009.
  22. ^ "Sloan Masters in Leadership and Strategy". London Business School. Archived from the original on 7 July 2009. Retrieved 23 June 2009.
  23. ^ "Who is the Sloan programme designed for? | London Business School". London.edu. 27 September 2010. Retrieved 17 July 2013.
  24. ^ "Core courses". Archived from the original on 22 April 2016.
  25. ^ "Electives". Archived from the original on 18 March 2016.
  26. ^ "Business Immersion Week". Archived from the original on 12 March 2016.
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  28. ^ "MiM core courses". Archived from the original on 12 March 2016.
  29. ^ "MiM Electives". Archived from the original on 12 March 2016.
  30. ^ "MiM Business Immersion Week". Archived from the original on 12 March 2016.
  31. ^ "MiM Field Trip". Archived from the original on 12 March 2016.
  32. ^ "QS Europe MBA Rankings 2025". Quacquarelli Symonds.
  33. ^ "Global MBA Ranking 2022". Financial Times.
  34. ^ "QS Global MBA Rankings 2025". Quacquarelli Symonds.
  35. ^ "Global MBA Ranking 2023". Financial Times.
  36. ^ "Research activities: London Business School, Faculty & Research". London Business School. Archived from the original on 26 May 2007. Retrieved 16 June 2007.
  37. ^ "REF 2021: Business and management studies". Times Higher Education (THE). 12 May 2022. Retrieved 9 April 2023.
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  39. ^ "Activities, clubs and groups". london.edu. Retrieved 31 January 2015.
  40. ^ "Citadel Appoints Kaveh Alamouti as Senior Managing Director to Launch Global Macro Investment Business". www.businesswire.com. 11 March 2008. Retrieved 4 February 2019.
  41. ^ "Ashley Almanza". Businessweek. Archived from the original on 17 March 2014. Retrieved 17 March 2014.
  42. ^ Soszynski, Henry. "SHIHR & MUKALLA". members.iinet.net.au. Archived from the original on 18 April 2017. Retrieved 18 January 2017.
  43. ^ "Alumni Profile: Nigel Andrews MSc11(1978), Governor, London Business School from London Business School podcasts". podbay. Retrieved 4 February 2019.
  44. ^ "CPIER – Sir David Arculus". www.cpier.org.uk. Retrieved 4 February 2019.
  45. ^ Northedge, Richard (27 October 2007). "Mr Emap wants another Smash Hit". Archived from the original on 12 January 2022. Retrieved 4 February 2019 – via www.telegraph.co.uk.
  46. ^ Tyzack, Anna (7 August 2015). "How a tattooed young raver unexpectedly became 12th Earl of Shaftesbury". Archived from the original on 9 August 2015. Retrieved 4 February 2019 – via www.telegraph.co.uk.
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  54. ^ "Parliament of Uganda". Parliament.go.ug. Retrieved 17 July 2013.
  55. ^ "Astronaut Bio: Timothy L. Kopra (10/2014)". nasa.gov. Retrieved 31 January 2015.
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  60. ^ "Poets and Quants previews LBS MBA Class of 2025".
  61. ^ "Ilya A. Strebulaev - the David S. Lobel Professor of Private Equity, Professor of Finance, Stanford Graduate School of Business".
  62. ^ "Alumni". London Business School.
  63. ^ "Jim Ball". Faculty Profiles. London Business School. Retrieved 25 March 2013.
  64. ^ "Suleyman Basak". Faculty. London Business School. Retrieved 25 March 2013.
  65. ^ "Helene Rey". London Business School. Retrieved 26 May 2023.
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  68. ^ "Julian Birkinshaw". London Business School. Retrieved 26 May 2023.
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