Continuing the tradition set by bsd_lover and others in the past, I proudly present to you, the 2010 LBS thread. I invite all those applying, or considering applying, to contribute to this thread. Im sure it'll be just as popular, if not more, than the threads from the last 2 years. So throw your names into the hat, ladies n gents, and get ready for one helluva ride !! P.S. Im thinking about keeping this thread exclusive for MBA applicants, and have a separate one for MiF and MiM applicants, as there seemed to be a lot of interest in those programs last year Here is some further info on the school : MBA home page : https://www.london.edu/mba.html Employment report : https://www.london.edu/mba/careerimpact.html Social Clubs : https://www.londonsa.org/dynamic/club_list.php Recommendor forms : https://www.london.edu/assets/documents ... ctions.pdf Mckinsey recruiting at LBS - https://www.mckinsey.com/careers/lbs/home.aspx Ranked #1 school in the WORLD by FT in 2009. Link - https://rankings.ft.com/businessschoolr ... a-rankings LBS 2008 thread can be found here : lbs-r1-roll-call-54115.html LBS 2009 thread can be found here: the-london-business-school-2009-thread-70701.html#p521283 LBS online application can be found here : https://www.london.edu/register/do?actionId=186 Good luck all. Important Dates Round Application Deadline Interview decision sent on Admission decision sent on 1 07 October 2009 06 November 2009 16 December 2009 2 06 January 2010 09 February 2010 25 March 2010 3 03 March 2010 09 April 2010 20 May 2010 4 21 April 2010 28 May 2010 02 July 2010 LBS R1: Applicants =? Tally: Admits: N/A Dings: N/A Waitlist: N/A Admits danek zeayin82 humblewinner vgeri andygee jinbo boofyhairgirl stopper5 zibi1 DoctorManhattan fishoil mbabiden08 Waitlist Evidence gnr646 eowyn foncia wolfie123 s1ap fordfirestone Interview invites Jmoore3 waitinganswers Ding wizardoftheeast wiseguyMBA DrSatisfaction arv afan lianbear alpha_plus_gamma theDream (post interview) LBS R2: Admits quantjock jonatank yangsta8 Trantastic Michiavelli saundyCEC nurkholisoh JoeMa Dogg2012 jasonjason planettelex Waitlist vodkacran Frontline avatar2010 crux mayaS Ari123 madmex82 boeinz 4test1 a11c99 bouh22 lakai777 db66460 eee chainchain pochcc Interview invites claudemarie planettelex JoeMahmah pranavc bwizzle Ding sh0gg0th notsovegetarian (w/int) highhopes09 (w/int) pranaysrinivasan (w/int) isjii2010(w/int) eagleye81200(w/int) undafry(w/int) horrorshow(w/int) IndianGuardian (w/int) classof2012somewhere (w/int) EBSIFounder (w/int) snowinTX (w/int) activerun BLINDSIDE itsmystery bonobocobra rockyb Angelwrath shamil623 sj0509 Lastminute gmattokyo psned11 rishiphadke culesrules prome2 sudeep nitin86 Nonewsisgoodnews guptaji Tally: Admits: N/A Dings: N/A Waitlist: N/A LBS R3: ? applicants aj1545 LBS R4: ? applicants MIA F aval anotherindian danswer poojashetty McNerdy Hussain15 snipertrader zuperman Franklin sharshar84 Salisaaa fernando09 thisisatestgmat88 CharlieChaplin jsonali jimmiejaz satyr2k Michiavelli madmex82 saruba shokks oscar81 alnasl

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The London Business School 2010 thread

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culesrule

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27 Dec 2009, 23:32

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bsd_lover

@CulesRules I think you should apply a little bit of common sense and discretion. If you are 25 your total WE is probably not more than 5 years (probably less). In that case 5 months is a relatively long gap and you should mention it. I don't believe that the ad-com will hold it against you if you have a reasonable explanation for it.

@Ari123 I believe the essay format is the standard here. I dont know of anybody that has done it any other way.

Thought as much. Will work on that . Thanks bsd.

Ari123

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28 Dec 2009, 00:11

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Thanks boeinz & bsd_lover. I don't know whether my last question was clear enough.
My question was on extracurricular activities in the application data form: "Tell us about your main interests and activities outside of work". Is the essay format common approach for this question? Or should it be a standard list (as in US school's app) of the activities, number of hours of involvement, etc. thanks.

yangsta8

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28 Dec 2009, 00:50

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I have a question regarding the salary amounts I'm hoping someone can help me with. Some of my previous work experience is contract based work (daily rate) I have just made some calculations to extrapolate that to an annual salary. Would I need to explain this in the optional essay??

humblewinner

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28 Dec 2009, 13:40

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Ari123

Ari123, This question is in the "About You" Section, where it is clearly stated: The information you provide on this page will help us to provide you with information relevant to your interests and to plan our admissions strategy. It will not be used by the Admissions Committee in the evaluation of your application.

So it really doesn't matter which way you choose. It is upto you.

humblewinner

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28 Dec 2009, 13:43

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yangsta8

If you don't believe you are going to miss out presenting anything else from your profile in your optional essay, then you could do that here. If I have an interesting story/aspect of my profile which is not presented anywhere, I would rather use it for the optional essay and give this explanation elsewhere during the process (ex:interview)

humblewinner

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28 Dec 2009, 19:25

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The HSBC loan guide says "Interest is variable over the duration of the loan and is currently charged at 2.75% above the Bank of
England sterling base rate". Does anyone know what is the current Bank of England sterling base rate ?

prashok

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29 Dec 2009, 01:23

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humblewinner

https://www.bankofengland.co.uk/

Currently at 0.5%.

For US students, this is a major dilemma for the HSBC vs Stafford debate (the HSBC rate is variable but Stafford loans are fixed).

vgeri

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29 Dec 2009, 03:11

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prashok

https://www.bankofengland.co.uk/

Currently at 0.5%.

For US students, this is a major dilemma for the HSBC vs Stafford debate (the HSBC rate is variable but Stafford loans are fixed).

thanks prashok for the link. the one thing i would add to people considering this, please look at the historical rates as well. I've attached a chart with the rates since 1997 - please note that during the past 10 years the rate was always between 4% and 6% up until end of last year. the 0.5% is very attractive but it can only change in one direction and that is up. good luck with the decisions!

Attachments

File comment: BoE historic rates

BoE.jpg [ 32.23 KiB | Viewed 4292 times ]

prashok

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29 Dec 2009, 03:30

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vgeri

Yep, I took a look at the BoE rate history when deciding on loans, and that is indeed why I went with the Stafford loan (and of course, the USD-GBP rate was favorable earlier this year). The US government also subsidizes part of the interest accrued for the Stafford loan while in school (up to $8,500 of the loan balance each year). That said, at this point the Stafford is at 6.8% fixed, while HSBC is at 3.25%, so the spread is significant.

An ideal setup for US students could be to borrow Stafford to the maximum allowed ($20,500 per year), then HSBC for any remaining needs (which would also help hedge against currency fluctuations), but I don't know if anyone has done that yet. Apparently HSBC doesn't like it if you have other student loans being used for LBS.

foncia

Joined: 18 Dec 2009

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Concentration: Entrepreneurship, Management buyout

Schools:HEC Paris - Admitted, LBS - Waitlisted, INSEAD - Reapp

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29 Dec 2009, 06:17

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vgeri

vgeri's visual aid really says it all. the loan is quite cheap, but then, the criteria's difficulty for getting the loan should be in negative correlation to the %, hence at 8%, the loan should be easy to get with little to no guarantees; as to the .5%, I suspect the loan will be very difficult to acquire even with substantial guarantees.

humblewinner

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29 Dec 2009, 10:19

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prashok

humblewinner

https://www.bankofengland.co.uk/

Currently at 0.5%.

For US students, this is a major dilemma for the HSBC vs Stafford debate (the HSBC rate is variable but Stafford loans are fixed).

thank you prashok!

humblewinner

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29 Dec 2009, 10:21

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vgeri

prashok

https://www.bankofengland.co.uk/

Currently at 0.5%.

For US students, this is a major dilemma for the HSBC vs Stafford debate (the HSBC rate is variable but Stafford loans are fixed).

thanks vgeri.. thats quite a curve and very informative, one shd definitely know this before one takes the loan.

lakai777

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30 Dec 2009, 06:24

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hey all,

this question is for bsd_lover and anyone else who is familiar with the student body at LBS.

Being the fact that it's an international school with many students coming from countries where there is conscription, is there an active veterans community at LBS, and in particular, combat veterans from France, England, Australia, Israel, etc?

thanks. just trying to get info as i write my "clubs" essay and how I would fit.

bsd_lover

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30 Dec 2009, 08:24

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lakai777 That is an excellent question. I have personally met folks who served in the US , French and British armies (folks from Israel, Germany, Singapore etc. do the mandatory service as well). The community is definitely there and very active, but not formalised as a club yet. One of my friends who is ex US special forces was in the process of starting up a veteran's club. This type of club is somewhat easier in the US where almost all veterans are ex US troops.

lakai777

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Updated on: 30 Dec 2009, 18:47

Originally posted by lakai777 on 30 Dec 2009, 18:07.
Last edited by lakai777 on 30 Dec 2009, 18:47, edited 1 time in total.

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great. thanks bsd_lover

i think that gives me a particular "angle" on my essay.

wish me luck. it's 4th quarter, 2 min drill for me right now. trying to get everything done on time.

boeinz

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30 Dec 2009, 18:41

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dear Round 2 applicants,

deadline is near... all the best!

jinbo

Joined: 24 Oct 2009

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30 Dec 2009, 20:23

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best of luck to all R2 applicants!
I know the feeling when I was at this stage 3 months ago...

DoctorManhattan

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31 Dec 2009, 09:43

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Prashok & bsd_lover,

I've got a question about the curriculum. I noticed that opportunities to take classes in pure statistical methods appear somewhat limited in the programme. There's a pre-session Business Statistics class in September of the first year (that can be waived out of), and then Time Series Analysis and Forecasting as a Management Science and Operations second year elective, but not much else.

For those who've got a more detailed interest in statistics for personal and professional edification, does the School, to your knowledge, permit students to take such classes outside the programme but within the University of London school system (such as at Imperial College or University College London)?

Hope you're both having a restful Christmas break.

bsd_lover

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31 Dec 2009, 14:01

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DoctorManhattan - to the best of my knowledge you won't be able to do this. There are electives that are taught by the UCL, but these electives are specified in the electives list. You are able to take language courses from King's college (and pay for them outside of the MBA), but not any other courses.

humblewinner

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31 Dec 2009, 17:53

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bsd_lover

Hello bsd_lover, Is there a list of all 70 electives and the concentration they belong to. I don't find this information on the portal.

Happy New Year to everyone!