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| FROM LBS Current Students Blog: #LifeAtBusiness School: Do I need to go to Business School? |
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How can I start a company that is going to be the next Google? Is it even possible for a normal person like me to do such a thing? For me personally, no. Well now it might be, but if I asked myself these questions 3 months ago I would have said definitely not. I mean, I wouldn’t even know where to start, where to get the money from or who I should work with. In fact, I just had a bunch of good business ideas and thought “I’m going to start a business” without having a clue what my strategy was, who my customers were or even how I planned on making money. So what has changed in these last 3 months? The answer is Business School. Three months ago I accepted my offer to start my Masters at London Business School and it really has changed the way I think. I mean, I didn’t even know what the Time Value of Money was. I literally thought if I sold my car and put the £5000 in a bank without touching it, that £5000 is still going to be £5000 in two years’ time when I buy new one. This isn’t actually true. In fact, when I got home after learning this I was like: ![]() For quite a while. So I guess the question now is, should you go out and spend £28,000 per year (Masters) on business school fees to learn these important concepts? Well yes and no. If you can afford it, yes, I would highly recommend it – London Business School has been one of the best experiences of my life to date. If you can’t don’t worry. Over the next 6 months, I will be posting about every important concept I learn that I believe is essential in recognising how to become as successful as a Fortune 500 Business Leader. As long as you read all my blog posts, you will pretty much be learning everything I am, but saving yourself £28,000 per year . Stay tuned, follow me on social media and keep up to date with my blog. Twitter: @umarahmed12 Instagram: @umarahmed122 Youtube: Coming Soon Blog: www.umarahmed12.blogspot.com |
| FROM LBS Current Students Blog: The surprises and lessons of term 1 – doubt and the power of FOMO |
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Sooo …. I’d planned to blog last term. Once a month or so. How hard can it be, I figured. Won’t take long to type out a few stream of consciousness thoughts. Errr … yeah. Here we are, my first blog post – two weeks into term 2! What happened? First term of the MBA, that’s what happened. It was hectic, it was fun, and in many ways it wasn’t what I had expected. In December, a second year asked me what had surprised me about the MBA, and it made me think. Quite a few things had surprised me, which in turn surprised me some more – because I know London Business School very well. I worked here for 6 years before my MBA, and my boyfriend started the EMBA a year before me (you can check out his blog here). I’d spoken to plenty of students, perused this blog, and even read some books written by MBAs from other schools (yeah I know, I’m a geek). So I thought I knew exactly what was in store. But I still learnt quite a few things, so I thought I’d share them here. Lesson #1 – You will doubt yourself, but that’s ok I thought I knew exactly what I wanted to do career-wise (consumer goods/retail), what treks I wanted to go on (Japan) and what activities I wanted to get involved in (touch rugby). But as everyone will tell you, the MBA makes you question things. Should I try consulting? Maybe I want to work in pharma? Was I right not to buy a ticket for Snow Trek? Do I go to the Corporate Finance tutorial or to Sundowners tonight? Of course, it’s all wrapped up with the ever-present FOMO (fear of missing out). There are just so many interesting, fun, challenging, career-prospect-improving things to choose from, and I, for one, need sleep – but even if you didn’t, you still wouldn’t physically be able to do even a tenth of everything on offer. Because I had it all planned out, I didn’t think the FOMO would get me, but it did – and the times I found the toughest last term were probably when I had to make difficult choices about what to get involved in. Because your time is so limited, you’re always trying to make sure that you’re going to the club event that will give you the best networking opportunities, or the trek that will be the most fun, and so on. Trying to figure out what to spend your time on can be tough – juggling academic, social, club and career activities with making time for friends and family is not easy. But of course, it’s a luxury to have so many things on offer. And I think it’s worth trying things you hadn’t planned to do, or thought you’d ever be interested in. When else will you have that opportunity? This brings me onto my second lesson – but since I’m not the most succinct person, and I know you don’t want to read a huge long blog post in one go, I’ll cover the rest in my next post. Time to write some cover letters and applications (the joys of term 2 – more on that in future posts!). |
| FROM LBS Admissions Blog: Meet the Sloan MSc Recruitment & Admissions team |
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I am pleased to let you know that applications for the 2016 Sloan Masters in Leadership and Strategy intake is now open. We seek passionate and intelligent people who can create a stimulating and valuable learning exchange. Candidates will have a breadth and depth of professional experience including management at a strategic level, and come from a wide range of backgrounds in private, public and […] Read the rest of this entry... |
| FROM LBS Current Students Blog: #LifeAtBusinessSchool – Do I need an MBA ? |
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Should I do my MBA at Harvard, London Business School, Wharton, or just carry on with my job and forget about this whole MBA business? The 2015 Financial Times ranking came out today with the top three business Schools in the world being Harvard, London Business School and Wharton. ![]() I have a question for you. Why do companies value MBA graduates from these business schools? Do you think it is because they have a good education? Do you think it is because they are clever? Do you think it is because they have demonstrated some sort of social skills? Of course these factors are important, but you can also have all of these things without an MBA. I mean let’s take a step back and ask, what is the point of an MBA? You can pick up Josh Kauffman’s book ‘The Personal MBA’, do some online courses and get the material off a friend and you are pretty much learning the exact same thing right? Well there are many arguments for an MBA, one of the main ones being the network you build, but the most interesting one I will focus on will be something I didn’t initially think of before having this conversation with one of the leading Strategy professors at London Business School. Before I tell you what our discussion was about, I first need to explain the concept of a firm’s signalling policy. If a company like Facebook has a great project that they think they can make money out of, (e.g. the Occulus Rift), they can take on some debt to finance and invest in this project. When a company that size takes on the right amount of debt, the “markets” usually react positively. This is because people in the “market” are considered as “clever” and know that well established companies are only going to take on debt if they are sure they have a good project. In other words, they are putting their money where their mouth is, rather than being all talk and just make an announcement saying “we have a great project coming up that will make us a lot of money”. In the same way an MBA student is kind of like a company. He/she takes on debt to pay his/her MBA tuition fees, which can take on numbers such as £60k+. Firms see this as a signal. The MBA student believes that he/she is going to get some value out of this project (The MBA) and that he/she will easily be able to make that back. Thus firms place their trust in an MBA student’s abilities as the signalling concept shows how strongly the MBA believes in his/her potential. This is just some food for thought for those who hear about how much it costs to do an MBA and think “Wow, that is a lot of dollar”. Posted 26/01/2015 Keep up to date with my future posts and follow: Twitter: @umarahmed12 Instagram: @umarahmed122 Youtube: Coming Soon Blog: www.umarahmed12.blogspot.com |
Success stories and strategies from high-scoring candidates.