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The London Business School 2010 thread

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Manager
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Re: The London Business School 2010 thread [#permalink] New post 15 Mar 2010, 20:44
Bladez19, get that app in the door right now!!! People with your type of experience are exactly the type of people I would love to learn from in business school. Your story is somewhat similar to mine in terms of the diverse career choices and experiences, so I am probably biased. With your stats, management experience of 15 employees, and unique story, any school would be lucky to have you. Put together some killer essays with very clear career goals and you are a lock in my opinion.
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Re: The London Business School 2010 thread [#permalink] New post 16 Mar 2010, 01:22
wow, I think you've got a great chance. Do apply for R4. The impression I've got is that LBS loves diversity and your profile will definitely stand out. All the best :-D

bladez19 wrote:
Hey all,

I just spent a couple hours browsing this thread, and found it very helpful.

Thinking of applying for R4, even though its a long shot, because the timing in my life would just be too perfect if I somehow got in. My experience is a little less than most, but also a little different, so I thought I would put it out there see if you have any advice

M/25/750/GPA3.5 Top Canadian School/Mechanical Engineer/Canadian

Spent first 2.5 years out of school working for an Environmental Contracting company. Designed a couple Water Treatment Plants, eventually got promoted and was the manager of a smaller group (managed 15 people, a few million dollars worth of equipment, my group had yearly revenue of about $5M)

Left my job when an opportunity arose to be a Professional Race Car driver with Factory support from Volkswagen. Have spent the last 12 months, working full time on racing, this includes raising sponsorship money each season (I need to find around 50K in sponsors per season), organizing events for sponsors, attending events on behalf of VW, managing and marketing my "brand" as an athlete, working as coach and instructor for young drivers. Anyway, its been a fabulous experience, I've got to meet some high up execs with VW, learned a lot about Marketing/Sponsorship/The Car Business which was all new to me. Hopefully LBS would view this experience favorably as well.

Unfortunately, the long term career prospects in car racing if you're not an F1 driver aren't very lucrative (and I am already too old at 25 to every be in F1).

Anyway, my deal with Volkswagen ends in August, and I am looking to do a career switcheroo (at this point, my 2.5 years experience as a Mech Engineer told me its not what I want to do, I am way more interested in the Management and Finance side of business). From Calgary, so ideally I would like to pursue a future in the Energy sector, I'm especially interested in Exploration and Exploitation in the Oil Business.

Any advice would be appreciated!
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Re: The London Business School 2010 thread [#permalink] New post 16 Mar 2010, 20:15
Hey All,

A current Student I spoke with during my Interview Prep told me he'd been able to secure an internship and was working part-time with a British Energy Major for his 2nd year project. He seemed positive about getting into the Oil/Gas Sector...

So I feel that LBS is a great launching pad, and all the students / ex-students I spoke to said that the LBS brand is very powerful and should get you in the door wherever you want.

Cheers,
Pranay
p.s.@blade: I really liked your profile, and I wish you all the best in your app process!
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Re: The London Business School 2010 thread [#permalink] New post 16 Mar 2010, 22:35
R3 applicant. GMAT 650 (argh). 28 female asian american. 3.8 GPA at top 50 school (finance GPA 4.0). 6 years experience at a multinational (4 years in leadership programs with international assignments and 2 years in leveraged finance).

I only applied to LBS as this is the only school I want to go to. how many others are R3 here? good luck to every one!
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Re: The London Business School 2010 thread [#permalink] New post 16 Mar 2010, 23:32
Bsd_lover, Greenoak and any one else!

I had applied to London Business School in R1 and am currently on the waitlist - I had asked for an accelerated decision because I have to join another school. Have asked if it's possible to have a decision on march 30th but I haven't got a confirmatory email from the school (just an email that they will forward it to the adcom for consideration).

Here is the issue: Last week, my company made preliminary moves to get me to join back post -MBA (Even offering to pay for my MBA or to explore other avenues where my return can be as smooth as possible). Do you think I should email the school this latest development? I don't know if it will make a difference - but it's something which is very exciting and meaningful to me and I feel I should let the school know. However, a lot of my friends are advising against it.

Any thoughts?
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Re: The London Business School 2010 thread [#permalink] New post 16 Mar 2010, 23:39
fordfirestone congratulations on your new opportunities. If your company is now willing to sponsor you, that is excellent news and shows your importance in the company and I would definitely supply that information to the school. But I wont try to arm twist the school into giving an early decision.

fordfirestone wrote:
Bsd_lover, Greenoak and any one else!

I had applied to London Business School in R1 and am currently on the waitlist - I had asked for an accelerated decision because I have to join another school. Have asked if it's possible to have a decision on march 30th but I haven't got a confirmatory email from the school (just an email that they will forward it to the adcom for consideration).

Here is the issue: Last week, my company made preliminary moves to get me to join back post -MBA (Even offering to pay for my MBA or to explore other avenues where my return can be as smooth as possible). Do you think I should email the school this latest development? I don't know if it will make a difference - but it's something which is very exciting and meaningful to me and I feel I should let the school know. However, a lot of my friends are advising against it.

Any thoughts?
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Re: The London Business School 2010 thread [#permalink] New post 16 Mar 2010, 23:44
bsd_lover wrote:
fordfirestone congratulations on your new opportunities. If your company is now willing to sponsor you, that is excellent news and shows your importance in the company and I would definitely supply that information to the school. But I wont try to arm twist the school into giving an early decision.

fordfirestone wrote:
Bsd_lover, Greenoak and any one else!

I had applied to London Business School in R1 and am currently on the waitlist - I had asked for an accelerated decision because I have to join another school. Have asked if it's possible to have a decision on march 30th but I haven't got a confirmatory email from the school (just an email that they will forward it to the adcom for consideration).

Here is the issue: Last week, my company made preliminary moves to get me to join back post -MBA (Even offering to pay for my MBA or to explore other avenues where my return can be as smooth as possible). Do you think I should email the school this latest development? I don't know if it will make a difference - but it's something which is very exciting and meaningful to me and I feel I should let the school know. However, a lot of my friends are advising against it.

Any thoughts?


Thanks bsd_lover. I will email the school. And I understand with the arm-twisting bit. And I struggled with that decision for a week. The only problem is that the other school starts in April and it's not the question of a admissions deposit but the whole fees and logistics. Hence, I decided to email the school. I know it might be a big negative but I had no choice.
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Re: The London Business School 2010 thread [#permalink] New post 17 Mar 2010, 05:10
fordfirestone - that's fantastic news and definitely telling of your value to your firm.

I would definitely drop a note to adcom highlighting - though position it as further increasing your need to know LBS's decision as you now have a responsibility to your company to let them know (rather than using it as leverage to enhance your candidacy)

All the best!
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Re: The London Business School 2010 thread [#permalink] New post 18 Mar 2010, 12:48
Just checked out the MBA 2012 facebook group a few days ago and there were already 122 members... and R2 decisions aren't even out yet! If school class remains at 350-390ish that means 1/3 of the seats were gone in one round, and if there are more R2 applicants than R1... that actually leaves only quite a limited number of seats for R3/4! :(

DoctorManhattan wrote:
baxter,

I echo what bsd_lover has remarked about the competitiveness of Stage 3 compared to Stages 1 & 2.

I was speaking with a member of the Admissions Committee last Autumn, and this committee member remarked that while Stage 2 is usually the largest stage in any admissions season, Stage 3 often ends up having more applicants than Stage 1. Conceding that a significant number of spots (speculation on my part) have been awarded to candidates from Stages 1 & 2, and conceding that the Wait-list has swollen meaningfully from these earlier stages, it certainly implies that Stage 3 is fairly competitive.
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Re: The London Business School 2010 thread [#permalink] New post 18 Mar 2010, 12:56
Hi guys,
Just been reading some of the posts and profiles, I presented the GMAT just a few hours ago, got a 660 (Q49 , V31) , Verbal killed me :( . On Saturday I will do the IELTS, hopefully I'll get a 7.5 and probably undermine my GMAT Verbal score?

Will you recommend me to apply? there are only 3 weeks to do it.

Thanks
GT
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Re: The London Business School 2010 thread [#permalink] New post 18 Mar 2010, 15:27
Hi octopus2010,

I doubt there would be 122 admit decisions in round 1. Maybe the 122 members in the facebook group include current students and admission officers helping with the group discussions.

I think Dr. Manhattan or someone from Round 1 admit would be able to give us an exact number.
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Re: The London Business School 2010 thread [#permalink] New post 18 Mar 2010, 16:11
gerteix wrote:
Hi guys,
Just been reading some of the posts and profiles, I presented the GMAT just a few hours ago, got a 660 (Q49 , V31) , Verbal killed me :( . On Saturday I will do the IELTS, hopefully I'll get a 7.5 and probably undermine my GMAT Verbal score?

Will you recommend me to apply? there are only 3 weeks to do it.

Thanks
GT


hi gerteix... i think that an IELTS won't mitigate a GMAT score too much. they really test different things. TOEFL and IELTS test only ability to communicate in English (a shallower rating, really only required of non-native English speakers)... the GMAT tests verbal on a deeper level: reasoning ability, comprehension and yes, sentence correction i.e., you can be a native English speaker, not even require an IELTS or TOEFL, and still do poorly on the GMAT verbal. IMO, taking the IELTS to "undermine", as you say, your GMAT isn't a good way to go about it.

That said, I got into a solid US school (Darden) on a 660 GMAT. I've since retaken the GMAT for the LBS R2 applications and gotten a higher score, but fact is, a 660 isn't a deal breaker, provided other aspects of your application are solid.
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Re: The London Business School 2010 thread [#permalink] New post 18 Mar 2010, 16:19
just some information people might find useful... the london 2010 class profile

Number of students 320
Average age 28.6 years
Age range 23-34 years
Average work experience 5.6 years
Work experience range 2-12 years
Average GMAT score 694
GMAT score range 600-800
Percentage of female students 25%
Nationalities represented 60
Percentage of international students 91%
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Re: The London Business School 2010 thread [#permalink] New post 18 Mar 2010, 16:41
You are absolutely correct. I am a member of this group and so are a few other MBA2011s. I also remember last year's group had a few people who did not end up matriculating. There is not much point over-analysing these numbers; you will never get the full picture. Admissions are tough even if you apply at R1 - doing probabilities to quantify uncertainty only serves as preparation for the Decisions Risk Analysis class.

undafry wrote:
Hi octopus2010,

I doubt there would be 122 admit decisions in round 1. Maybe the 122 members in the facebook group include current students and admission officers helping with the group discussions.

I think Dr. Manhattan or someone from Round 1 admit would be able to give us an exact number.
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Re: The London Business School 2010 thread [#permalink] New post 18 Mar 2010, 17:28
Bsd_lover, thank you for your continued contribution and insight to this forum.
I am interested in knowing if in your finance/acctg classes, is the academic focus on US,European, or Asian companies and GAAP? The reason I ask is that while in banking, I did a few valuations of German, UK and Italian companies, but the differing accounting conventions sometimes made it more difficult to value those companies than it would be to value US companies. Take care.

Last edited by JoeMahmah on 18 Mar 2010, 19:11, edited 1 time in total.
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Re: The London Business School 2010 thread [#permalink] New post 18 Mar 2010, 19:04
undafry,

At this time, there are exactly 122 members of the "London Business School (LBS) MBA Class of 2012" Facebook group. That said, I would hardly call each member of that group an admitted student. As someone else pointed out, and as another confirmed, some members of this group will not matriculate and ultimately decline their offers, others might be current students or staff, and others still might be sponsors or individuals with some sort of affiliation with the School.

Facebook membership is not indicative of the larger population; I know at least two admits from Stage 1 with clear intentions of matriculating who are not on Facebook, let alone members of the Admit group. Switching gears, though, while bsd_lover is right (in that attempting to analyse numbers to guage admission chances is a futile exercise), it does appear that Stage 1 Admit numbers have been rather robust. For a targeted class size of 400 (five streams of ~80 students), the Portal is showing a number significantly in excess of 122 of admitted MBA2012 students. I'm under the impression that the Portal terms of agreement restrict sharing certain information outside the Portal community, and so, for now, I must remain vague about the exact number. To be honest, I really wouldn't worry about this as there's nothing you can do to change the outcome of your application. The nasty Wait ends in 6 days, doesn't it? Hold on a little longer.

In the meantime, I wish you guys the very best of luck! Before applying myself, I read every single London Business School thread on the GMAT forums (back in the days when an entire year's thread had only 11 or so pages!), and this Stage 2 crowd's been incredibly supportive, and cheery; one can't help but wish you success in your endeavours. Once you get onto Portal, you'll have a much more efficient medium to network, and of course, you can then join the Facebook group which, in my personal experience thus far, has provided a few positive and "unique" networking experiences in addition to Portal!

Good luck guys!


undafry wrote:
Hi octopus2010,

I doubt there would be 122 admit decisions in round 1. Maybe the 122 members in the facebook group include current students and admission officers helping with the group discussions.

I think Dr. Manhattan or someone from Round 1 admit would be able to give us an exact number.

_________________

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Re: The London Business School 2010 thread [#permalink] New post 18 Mar 2010, 19:13
On Languages:

As we all know, achieving Level 2 proficiency in a language other than English is an exit requirment at London Business School. I've met current students and alumni who already spoke a second (or third) language before joining the programme, so this wasn't a concern for them. For those that will be undertaking study in another language (perhaps you've already started), what languages are you considering?

I'm interested to know what languages people are have chosen simply out of curiosity, or as a means to gain an edge in the Business environment, or for that matter, any other reason. Additionally, can any of the current students comment on what languages appear to be the most popular at the School?
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Re: The London Business School 2010 thread [#permalink] New post 18 Mar 2010, 21:33
I was talking to a student from the graduating class and he mentioned that he submitted 4 recommendation letters during his application. I would have loved the opportunity of sending in more recommendations. Has anyone here submitted more than 2 recos? Good luck for round 2!!
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Re: The London Business School 2010 thread [#permalink] New post 18 Mar 2010, 21:51
I submitted 2 professional recs, plus an alumni rec.
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Re: The London Business School 2010 thread [#permalink] New post 18 Mar 2010, 23:20
We cover both GAAP and IFRS and their nuances.

JoeMahmah wrote:
Bsd_lover, thank you for your continued contribution and insight to this forum.
I am interested in knowing if in your finance/acctg classes, is the academic focus on US,European, or Asian companies and GAAP? The reason I ask is that while in banking, I did a few valuations of German, UK and Italian companies, but the differing accounting conventions sometimes made it more difficult to value those companies than it would be to value US companies. Take care.
Re: The London Business School 2010 thread   [#permalink] 18 Mar 2010, 23:20
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