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LBS MBA Admissions & Related Blogs

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Reflections: My first few weeks at LBS! [#permalink]

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New post 04 Oct 2017, 09:01
FROM LBS Current Students Blog: Reflections: My first few weeks at LBS!
Greetings, fellow graduate students!

Thinking back to when I packed my bags to travel more than 4500 miles away to be here, I’m not sure where exactly to begin to describe this journey. This last few weeks have been such a whirlwind, to say the least.

I realize how privileged I am, to be surrounded by some of the best talents in the world. LBS is diverse in every sense. I met investment bankers, doctors, engineers, diplomats, attorneys, army veterans, pilots and consultants, people from different nationalities, race, color, sexual orientations, religious beliefs, etc. I find this to be one of the most enriching parts of my LBS experience so far. The one common attribute that I see in everybody here is that they are all incredibly smart and driven, and incredibly humble. And everyone is here for this super transformative experience.

Having a bit of fear and dislike for the word “networking”, the most interesting insight of these past few weeks is that I am learning how moved I am by connections. I am pleasantly surprised with how collaborative, supportive and friendly most people are (especially in stream D!). We are all part of more WhatsApp groups than we’ve ever been. And it takes time, conversations and vulnerability to build genuine experiences and relationships. Obviously, things are not perfect. I feel lost some days, lack that sense of belonging. I’m shuffling between so many social groups stream, regional, career interest groups etc, and it sometimes feels like life is on “auto-pilot”. My calendar is crammed with too many exciting activities. I find myself grappling with how I should spend the next two years of my life. I hope to find out what matters to me while being an authentic person through the journey. With the program picking up speed, with one exam down already, the stress and the excitement is palpable.

For now, I’m just making new friends, enjoying Sundowners and so many other social events, going on weekend trips with friends and experiencing unhealthy levels of FOMO!

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ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

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This post has been originally posted on the Admissions Blog and re-posted here for convenience

Kudos [?]: 11 [0], given: 0

Manager
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Joined: 13 Nov 2013
Posts: 202

Kudos [?]: 11 [0], given: 0

Three Schools, two top-5 programmes, one global experience [#permalink]

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New post 16 Oct 2017, 09:00
FROM LBS Admissions Blog: Three Schools, two top-5 programmes, one global experience
Last week our EMBA-Global Americas and Europe and EMBA-Global Asia cohorts came together for their latest class week in London. These two programmes are offered as part of a powerful collaboration between London Business School, Columbia Business School, and Hong Kong University, a collaboration that has earned the programmes top –billing in the latest Financial […]

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ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

_________________

This post has been originally posted on the Admissions Blog and re-posted here for convenience

Kudos [?]: 11 [0], given: 0

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Joined: 13 Nov 2013
Posts: 202

Kudos [?]: 11 [0], given: 0

LBS EMBA Programmes achieve top rankings in Financial Times [#permalink]

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New post 18 Oct 2017, 10:00
FROM LBS Admissions Blog: LBS EMBA Programmes achieve top rankings in Financial Times
October is an eventful time at London Business School, as we are busy recruiting our 2018 EMBA classes. During this period it is great to see that our hard work and dedication to academic excellence has come to fruition with our EMBA Global Americas and Europe and EMBA Global Asia achieving 4th and 2nd positions […]

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ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

_________________

This post has been originally posted on the Admissions Blog and re-posted here for convenience

Kudos [?]: 11 [0], given: 0

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Joined: 13 Nov 2013
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Kudos [?]: 11 [0], given: 0

Lessons from my first month at London Business School [#permalink]

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New post 08 Nov 2017, 09:01
FROM LBS Current Students Blog: Lessons from my first month at London Business School
One month into my adventure here at LBS seems like as a good a time as any to reflect on some of the things I have learned thus far.

Beyond the technical details learned in class, I think it has been an education in itself to simply observe the dynamics of the students here.

LBS attracts some of the best global talent; many of the people walking around here have 750+ GMATs and already have an eye-watering list of achievements on their CVs. Coming to the school I wasn’t sure what impact this selection-hurdle would have on the relationship dynamics. And I’ll admit I had some trepidation about whether or not it would create an individualistic and competitive environment.

However, it turns out the exact opposite is true.

It is recruiting season here for the second year MBAs and everywhere you walk on campus you will see groups of people huddled together: sharing ideas, helping each other with fit questions, and practicing for the ever daunting case interviews.

While this is awesome, it left me wondering, why is it so pervasive? Why are people with limited time so willing to not only help their friends, but to help people they barely even know? I think part of the explanation is just a spirit of generosity. But fundamentally I think people respond to incentives, and I suspect something deeper is at play here.

Having done some more thinking, I have come up with three reasons why avoiding competition is actually the optimal strategy to maximising outcomes for the individual.

  • Research demonstrates that teaching others generates better outcomes for one’s self: Multiple studies examining the benefits of mentoring have found strong evidence suggesting that the mentor relationship increases job satisfaction and career progression, not only for mentees, but for mentors themselves. This is likely because research demonstrates people will actually prepare more diligently if they believe the are teaching someone else, than if they are simply revising for themselves. Furthermore, no one individual can hope to become an expert of all facets of life and reciprocation is one of the strongest phenomena in social psychology. So at some point you will need to ask for help yourself, and if you’ve helped someone in the past they are exponentially more likely to return the favour. The combination of these effects means that sharing your knowledge with others is not likely to greatly diminish your own special value, instead it is more likely to increase the depth of your understanding and expand your personal network.
  • Relationships are more important than landing that next job, in the long term.It is easy to become overly fixated on the importance of the next step. While it is important to have optimistic goals, and I fully believe in the advantages of pushing one’s self to achieve a specific objective, this must not come at the expense of losing sight of the bigger picture. Trying to compete ferociously with those around you may improve your chances of ‘winning’ the next opportunity. But, what will this mean for opportunities three or four stops down the line? Ultimately, your current group of peers are the people most likely to be on a similar trajectory as you, and behaving in a manner that is likely to negatively impact your reputation can have long-term consequences. It is in this way that winning in the short term can actually mean losing in the end. Conversely, recognising the value of developing relationships with the people around you may have enormous benefits in the future and is therefore likely to be the more optimal approach.
  • Growing the pie is often better than getting a larger share. Competition naturally arises when a game is zero-sum. Professional sports is often held up as the epitome of this concept, as when the siren sounds one individual or team is declared a winner. One strategy to achieve a win-win outcome, even in situations that initially appear to be zero-sum, is to redefine the parameters used to measure success. Let me give you an example close to my own heart. I am a bit of an AFL (Australian Football League) tragic, and every year I get a thrill watching my Geelong Cats play against their bitter rivals, Hawthorn. This rivalry has built up over decades of ferocious encounters between the two clubs. And while I’m certain the players and fans want to win every time, continuing the rivalry is far more important for the clubs themselves, as it means they will continue to sell out games and secure TV time. Similarly, if you are a business school student applying for a grad jobs, I would argue that you actually want your classmates to be extremely strong candidates. This signals the quality of the institution and incentivises employers to expand their hiring capacity, rather than trying to fit applicants into an every shirking number of openings. As such, helping your peers increases your slice by growing the pie – rather than increasing the share.
I believe some of these principles can apply not only to individuals, but whole organisations. So often the language of business is couched in terms like ‘winning’ or becoming the ‘market leader’ and it in turn fosters zero-sum thinking. Paradoxically, economists have known for at least the last hundred years that pure competition kills profits at an industry level. As such, I contend that companies are able to maximise their long-term profits by redefining the dimensions of competition, instead of getting sucked into a old fashioned ground war to claim share.

One might argue that the success of cost-leaders like Amazon refutes this. However, I suggest that Amazon has been successful exactly because of its ability to avoid competitive pressure. Amazon competes asymmetrically in the markets in which it is successful, that is, it exerts competitive pressure on many businesses but receives little in return. While it competes with ‘Big Box’ retailers, there are few other ‘Infinite Box’ retailers that are able to compete with it. This is precisely because Amazon has been able to define its own category, at least for the time being.

To summarise, in the words of billionaire investor Peter Thiel: ‘competition is for losers’. Instead, I believe we should be constantly exploring different angles to help us achieve our objectives, both as individuals and organisations, rather than simply competing along the same old battle lines that have been drawn in the past.

 

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ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

_________________

This post has been originally posted on the Admissions Blog and re-posted here for convenience

Kudos [?]: 11 [0], given: 0

Lessons from my first month at London Business School   [#permalink] 08 Nov 2017, 09:01

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