London Business School (LBS) is an international business school and a constituent college of the federal University of London, located in central London, England, United Kingdom, beside Regent's Park. LBS teaches postgraduate programmes in finance and management, in addition to its flagship Master of Business Administration (MBA and EMBA) programme. It also offers the Sloan Fellowship Programme for experienced business executives, a Masters in Finance (also known as MiF, a finance specialist programme), a Masters in Management for students with less than a year's work experience, a PhD, as well as non-masters programmes for business executives.
It was established in 1964, after the Franks Report recommended the establishment of two business schools, as part of existing universities (London Business School and Manchester Business School), but with considerable autonomy. It has close collaborations with the nearby University College London and the Modern Language Centre at King's College London. In December 2006 launched its operations in Dubai, which include an executive MBA degree and Executive Education programmes.
LBS is ranked among the top business schools in Europe, and among the top 10 business schools in the world. In 2011, London Business School was ranked number one in the world for its MBA programme by the Financial Times for the third year in a row. In 2009 the school shared this ranking with The Wharton School of the University of Pennsylvania. The school's admissions process is highly selective, making it one of the most competitive business schools in the world. A high GPA, high GMAT score, and strong non-quantitative credentials are typically prerequisites to admission. Successful applicants for the full-time MBA have an average GMAT score of 701.
Over 1,000 degree students from 130 countries graduate from the School each year. A further 3,000-plus executives attend the School executive education programmes each year. The School has over 33,000 alumni in more than 120 countries, organised through 65-plus alumni clubs.
London Business School holds the European Foundation for Management Development Equis accreditation as well as that of the AACSB. The MBA and Sloan Fellowship MSc programmes are accredited through AMBA.
Famous quotes containing the words london, business and/or school:
“Fashion understands itself; good-breeding and personal superiority of whatever country readily fraternize with those of every other. The chiefs of savage tribes have distinguished themselves in London and Paris, by the purity of their tournure.”
—Ralph Waldo Emerson (1803–1882)
“O that a man might know
The end of this day’s business ere it come!”
—William Shakespeare (1564–1616)
“Mary had a little lamb,
Its fleece was white as snow,
And every where that Mary went
The lamb was sure to go;
He followed her to school one day—
That was against the rule,
It made the children laugh and play,
To see a lamb at school.”
—Sarah Josepha Buell Hale (1788–1879)