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London Business School [#permalink]
29 Jan 2005, 00:31
LBS started life as an autonomous institution within the University of London called the London Graduate School of Business Studies. The Franks report led to the the creation of two schools for the academic education of managers in the United Kingdom: University of Manchester and LBS. The rise of the applied social sciences, including applied economics, sociology, and psychology legitimized the scientific study of the human aspects of management. Although the Franks report did not encourage the 2 year MBA, LBS choose to conduct a two year program. LBS also became the more research oriented program, at least in the first few decades of operation.
LBS is well known as a school for both its international character and its strength in finance.
FT2003 ranked LBS #7 worldwide- between INSEAD and NYU. The prior year it was ranked between NYU and Northwestern. If hypothetically assigned to the US, LBS would have been ranked #6 in the US for 2003- roughly in the lower portion of the US ultra elites. FT 2005 ranked LBS #5 worldwide.
EIU 2003 placed LBS #23 worldwide- between York and HEC Paris. If hypothetically assigned to the US, LBS would be ranked #16 in the US. This is roughly between the US Elite and the US trans elite. EIU 2004 placed LBS #33 worldwide0 between Warwick and Edinburgh and just ahead of Emory.
LBS has an extremely efficient and streamlined application process. I have applied for the MSc. in Finance and from the time they received my application, it took only 1 week before they said I was shortlisted for an interview. Although it took 3 weeks before they could put me in contact with an alumnus(something beyond their control due to unavailability of many of them), I got an admit 2 days after my interview.
I believe that if you have been shortlisted for an interview from LBS, it is a very good sign that you will get an admission. Just make sure that you rehearse your letter of intent and be coherent in what you say. Also, it seems true that European B-schools, similar to Canadian schools, tend to automatically favor higher GMAT applicants so it would be wise to get the highest GMAT score possible for these schools (at least get their average GMAT). It is said though that INSEAD already rejected 800 applicants so just make sure you prepare well for the interview. Here is a good website on accepted.com on how to prepare for the interview:
Another thing for London is that there is a lot of paperwork to fill out before moving but I assume it might be similar with any other schools. They seem to require a lot in terms of personal financial information in order to open a bank account so be ready to provide it and prepare yourself 2-3 months in advance.
I will keep you up-to-date with further developments as to how school life is and what job opportunities are. Hjort, should I keep posting it here or make another post under the "share your b-school experience" forum?
WOW. read ur profile. I took the GMAT once only, got a poor 620. While i was planning to take it again in mid May, I had already received three acceptances into the top Canadian MBAs, and an interview request in LBS and IESE!!! Yes, with a 620 GMAT score! Goes to show that GMAT is a small factor, I was able to put together a great story and thus this neutralized my average GMAT score. Some ppl take the GMAT way too seriously and in the process ignore the other parts of the application. Just ask yourself this, whats teh objective of the GMAT?
Anyhow, still have my interview with LBS, do you know how many ppl are short listed for the interview and how many are selected after that?
I would continue posting here for information about the school itself (e.g. your impressions of the people, courses, facilities, program design etc.). For information on the application process per se, I think that the other forum would be better.