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FROM LBS Admissions Blog: MBA Student Ambassadors: Diverse insights and experiences |
An MBA can provide a chance for real career exploration and career change. The period before your MBA is a great time to reflect and mentally prepare yourself for this exciting change. We’ve found one of the most useful ways to maximise your chances of success in the MBA process is by speaking with […] Read the rest of this entry... |
FROM LBS Admissions Blog: What makes LBS diverse? |
Inventor of the web Tim Berners-Lee famously said, “We need diversity of thought in the world to face the new challenges”. An eclectic mix of factors such as gender, ethnicity and experience can encourage the kind of cognitive diversity Berners-Lee meant. There are 195 countries in the world today. Before joining London Business School (LBS), […] Read the rest of this entry... |
FROM LBS Admissions Blog: What differentiates a successful Sloan candidate? |
The Sloan Masters in Leadership and Strategy is a highly competitive programme and each year the School and the Admissions Committee looks to build the strongest value for the class. Beyond our world-class faculty and unique programme focus, one of the greatest values of the Sloan programme is the ability to network, learn and absorb […] Read the rest of this entry... |
FROM LBS Admissions Blog: The time of goodbyes and welcomes |
Summer is the time of changes in the world of admissions. On Friday 14 July we said goodbye to the MBA2017 class who had their official congregation ceremony at the Royal Festival Hall in London. It was a bitter sweet day. On one hand we celebrated the success of the MBA2017 class who have completed […] Read the rest of this entry... |
FROM LBS Admissions Blog: MBA Applications MBA2020 |
The applications for the London Business School MBA programme starting in August 2018 are now open and that means you can start preparing your submissions for the first round deadline. We believe that preparation and time is the key to a successful application. Therefore, to make the process as smooth as possible, we have […] Read the rest of this entry... |
FROM LBS Admissions Blog: MBA2020 Applications are now live |
The applications for the London Business School MBA programme starting in August 2018 are now open and that means you can start preparing your submissions for the first round deadline. We believe that preparation and time is the key to a successful application. Therefore, to make the process as smooth as possible, we have […] Read the rest of this entry... |
FROM LBS Admissions Blog: MBA2020 applications are now live |
The applications for the London Business School MBA programme starting in August 2018 are now open and that means you can start preparing your submissions for the first round deadline. We believe that preparation and time is the key to a successful application. Therefore, to make the process as smooth as possible, we have […] Read the rest of this entry... |
FROM LBS Admissions Blog: EMBA Global Classes Unite in London |
Our EMBA Global programme is a truly global experience and we recently welcomed both the Asia and Americas & Europe strands together for a memorable class week here in London. The EMBA Global programme brings together three leading Business Schools – London Business School, Columbia Business School and Hong Kong University – and draws students from […] Read the rest of this entry... |
FROM LBS Current Students Blog: How Business School Will Make You a Better Entrepreneur |
Going to business school is an important decision. In many aspects, it is like buying a house. It is a milestone in your life and one of your biggest investments. As every important topic, it is also a controversial one. Many business people like Seth Godin and Tim Ferriss argue that doing an MBA is not worth the significant debt and the two years committed to doing it. In spite of these ideas, going to business school is still well regarded in the corporate world. It helps you get a nice job and boost your career. Overwhelmed by the number of candidates, recruiters use top business schools as a filter. So doing an MBA is often required if you want your career to move forward. Top recruiters for the MBA of London Business School But people who want to start their own business cannot think this way. Adding the stamp of a business school on a CV has limited value for entrepreneurs. Their professional successes are not the result of a manager hiring them. Entrepreneurs are only accountable to their customers and shareholders. If you’re considering starting a business, the question you must have is: “Is going to business school worth the investment?” (Going to business school is a lifelong investment. You should take more variables than I could explore in this article. So I am voluntarily reducing the scope of the article.) Should a wantrepreneur go to business school? From my experience coaching entrepreneurs, I see these two cases: 1. You are willing to run your own business. But it is obvious that you need more experience. You do not have yet the right network and business skills that will allow you to succeed. 2. You have wanted to start a business for years. You already know people who have done it but you have been too scared to take the risk and do it yourself. There is a fine line between these two boxes. But you should know where you stand. If you fall in the first category, going to business school can be the right decision. The Sammy Ofer Center, the brand-new campus of London Business School To help you make the right decision, the best thing to do is to talk to entrepreneurs who went to business school. Getting to know how this experience impacted their entrepreneurial journey will provide you with more clarity. So let me share with you what I learned from my experience going to London Business School. 1 Thinking More Strategically Theory has limited value. There are dozens great books that give you an easy and cheap access to business theory. (If you are wondering which ones, my reading list features a good selection.) The real value of going to business school comes out of the connections and projects that are built throughout a business school programme. Here’s a before/after business school comparison: Before going to London Business School, I was already running GoudronBlanc, a brand of very high quality T-shirts. GoudronBlanc still exists and this is an opportunity for me to compare how I used to think about strategy and how I think about it now. - So before business school, I had a basic commercial mindset: “buy low and sell high”. There was not much of a strategy at the time. - Now, I notice that I make strategic decisions with more clarity. A good strategy requires to make trade-offs. You must understand your market, see where the competition is going, and learn how to iterate fast while keeping your focusing on your long-term mission. It would have taken me years to reach the same level of thinking. But going through many business cases, discussing with my peers and my professors, and meeting with speakers helped me get there much faster. 2 Getting Support (Even After Graduating) As author and journalist Pro Bronson wrote: “There’s a powerful transformative effect when you surround yourself with like-minded people. Peer pressure is a great thing when it helps you accomplish your goals instead of distracting you from them.” Being surrounded by ambitious people pushes you to do more, especially after graduating. You see them succeed and they’re willing to help you when needed. I have had so many sessions thinking through the future of GoudronBlanc with my friends from London Business School. The thing with business school is that most people who go there are “business geeks”. They talk a lot about work but that is because it is something they genuinely like. And trust me, seeing your classmates and friends on their path to success and having their support are great motivators. None of my classmates will forget their trip to Shanghai 3 Broaden Your Horizons… Even though everyone comes with a similar goal, going to business school opens your mind like few other experiences will. At London Business School, students come from all of over the world. Some of my greatest friends are from China and India. Without them, I wouldn’t certainly not have learned as much about these two fast-growing countries. Too many entrepreneurs do not think global. Yet, adopting a global mindset matters more than ever. Having friends with people who come from other countries, it is much easier to learn about these countries and their local markets. Going to the right business school and going on an exchange programme open the door to more global mindset. 4 Grow Your Network It is astonishing how powerful networking can be when you understand what it really means. Dale Carnegie, author and public speaking expert, summarises this very well: “You can make more friends in two months by becoming interested in other people than you can in two years by trying to get other people interested in you.” Without my friend, David Duckworth, inviting me to attend an event with Y Combinator’s president Sam Altman, I would not have been able to meet this renowned investor, who invested in companies like Airbnb and Dropbox. And Sam Altman would have never become a customer of GoudronBlanc. Networking is not just the ability to ask people for a favour. Too many people think that way– unfortunately… Investor Sam Altman wearing a GoudronBlanc T-shirt Networking is the ability to stay connected to like-minded people you can help and who may help you too, though you should not take that for granted. 5 Doing Business Is More Than the Theory One of my classmates, Nico Gerstmeyr, started a gourmet gelato shop in Munich called Gecobli. Far from the fame of tech startups, he is building a brick-and-mortar business that requires a specific set of entrepreneurial skills. Inside Gecobli, a venture started by Nico Gerstmeyr (MiM 2015) He believes that going to business school helped him by preparing the ground for his entrepreneurial journey. But as he told me: “Honestly, you cannot learn about the problems you encounter [as an entrepreneur].” He adds: “A few lessons from b-school might apply later, like how to motivate employees, how to optimise taxes and overhead etc. But the main lessons I’ve learned since then are: - Don’t try to do it on your own; - Get a partner; - Dream big; - Start small and slow; - Don’t do it for the money, do it for the vision/purpose; - Work 24/7 but take personal time whenever you can.” There are things you cannot expect to learn in the classroom, and not even working for someone else’s business. Being an entrepreneur requires some skills and behaviours that can only be learned by running a business. Part of the class of MiM 2015 going back together a year after graduation 6 One Last Thing Of course, there is the word “business” in “business school”. But not everything is about business. This is also a place where you have a lot of fun, meet lifelong friends, and learn a lot about yourself. It’s a school of life too. You meet people who are in a transitional moment of their lives. Everyone is considering what they should do next and how to approach that next step. Going to business school gives you the opportunity to take a real break, and get the time to reflect. So Business School and Startup Are Compatible? Business schools were designed to educate managers before they get a job in a large organisation. There is no doubt that business schools need to keep adapting if they want to keep the interest of future entrepreneurs. Today, their principal competitors are business books for entrepreneurs, accelerator programmes, and alternative education programmes like Udemy and General Assembly. Whether going to business school is the right move is up to you to decide. It depends on where you are in your personal and professional journey. But I sincerely hope going through these ideas is going to help you make the right choice. – Guerric de Ternay (MiM 2015) leads innovation projects at ?What If!, and runs GoudronBlanc, an e-commerce driven fashion brand. |
FROM LBS Admissions Blog: How to Submit a Strong Late Application to the LBS Sloan |
September is here, which for many people means going back to school or thinking about future education. For a number of you this will mean realising too late that the final application deadline for the LBS Sloan Masters in Leadership in Strategy has now passed. However, never fear! We are still accepting late applications from […] Read the rest of this entry... |
FROM LBS Admissions Blog: How to Submit a Strong Late Application to the LBS Sloan Masters |
September is here, which for many people means going back to school or thinking about future education. For a number of you this will mean realising too late that the final application deadline for the LBS Sloan Masters in Leadership in Strategy has now passed. However, never fear! We are still accepting late applications from […] Read the rest of this entry... |
FROM LBS Current Students Blog: Welcome from EMBA 2019! |
Yes – we are back at school again! We are the EMBA class of 2019. Orientation week is almost a month old now – 7 days of pure exhilaration, positivity and completely new perspectives. And the next 20 months are going to be a fun, exciting, learning, enthusing and transformational journey. A journey we would remember and cherish for the rest of our life. The journey started with that first decision – applying for London Business School. Your learning begins in the application process itself; finding your strengths, projecting yourself the best way you can, making you stand out and of course spend a few hours preparing for a GMAT or an EA test. And yes – you very well know and understand what you are signing up for. The application rounds, interviews and the thrill and excitement on receiving that admission email brings on that extremely positive spin to your life. Yes – you are joining London Business School! You already feel special. Then comes the excitement of finding out who else is on the journey with you. Some of the earliest entrants in our batch spent quite a bit of time refreshing that EMBA LinkedIn group page, wondering where the others are.J Slowly, but surely they arrived. Your LinkedIn feed goes into a frenzy eventually and before you know you have a bunch of disparate, talented individuals who become your connections. For our batch, we were just so excited to meet everyone, we could not wait for orientation week. A https://gmatclub.com/chat group was already active and probably the most active social feed for quite a few of us – and this was in July! Someone came up with this brilliant idea of meeting up on a weekend and getting to know each other. About 20 of us turned up with food/drink from their respective culture/country – it was a brilliant way to meet-up! But there was still a huge number of people which you just did not know yet. Eventually the https://gmatclub.com/chat group began to bulge – and the blinker was always on on your phone. And before we realized, Orientation week was upon us. Some people travelled half-way around the world, some took just a few steps to the hotel, and some missed special occasions. At 3pm on the 3rd of September, we were all at London Business School. The facilities @ the newly opened Sammy Ofer centre are simply brilliant. The best you can find anywhere in the world. And absolutely everyone was overawed by it. An absolutely fantastic way to begin our journey. The first week was all about settling down. Most of us had probably never met a 120+ individuals who are so diverse, talented and motivated in the span of a week – a fantastic experience – finding that free diver, that ex professional rugby player, that martial art master, that capoeira enthusiast, that ex-infantry sergeant or that social jester and party animal. There was also the usual school formalities – Get that picture taken, get your ID card, figure out where the next lecture is, put faces to names who honestly look a lot different to their LinkedIn profile picture. And also figuring out what NOT to do in your EMBA by no less than one of your professors. The first few days of light socializing quickly turned into active class discussions about leadership and management. You quickly understand what you had been missing out all this while. There is just that little bit of an aside of finishing your assignments too. You also figure out your all-important Study group, get to know them, debate with them and socialize with them. The week just whizzed past and it was the Friday-night party! A great way to know and meet some of our EMBA seniors and get to know exactly what you have got yourselves into! By the time the party finished, everyone was letting their hair loose and what happens during/after the ‘after-party’ stays there. One lecture weekend has already gone by. A tonne of readings and assignments await us all in the next few weeks of first term. It is definitely going to be hard work, it’s going to challenging and it’s going to take a toll at times. But we all know one thing for sure – it’s gonna be one helluva ride to enjoy! EMBA-2019 have arrived! |