Studying an MBA Abroad: A Closer Look at the London Business School
Despite the rising costs of postgraduate study, the benefits of gaining an MBA are easy to understand. The prospect of enjoying accelerated career progression and earning higher salaries is a natural draw card for students who are deciding whether to continue their studies at a higher level. The QS TopMBA.com Applicant Survey reports that, for 60% of respondents, the US is the preferred study destination for applicants to MBA programs. Following hot on the heels of the US, with 40% of respondents expressing a desire to study in the country, is the UK.
It makes sense for students seeking to complete their MBA in the UK to want to attend a top tier business school. The Financial Times Global MBA Rankings 2012 offer an worthy insight into which UK programs offer the most positive experience to MBA students. Some 15 UK establishments were included in the top 100 ranked educational institutes. Ranking first in the UK, and fourth overall, was the London Business School. It’s a result that Forbes and Businessweek agree with. Both companies also award the London Business School the top spot when it comes to ranking UK and European business schools.
Of course, whatever country is preferred, students should consider more than rankings when it comes to choosing a business school. Let’s take a look at what makes the London Business School so special.
London Business School: MBA Program Overview
The London Business School MBA is designed to help talented candidates take their career to the next level. Places on the course are hotly contested – the 406 students in the class of MBA2014 were carefully hand-selected from over 3,000 applications. Perhaps one of the key attractions of the program is its flexible nature – students may choose to finish the course in 15, 18, or 21 months.
The course kicks off with an individually tailored self development program known as Leadership Launch. Following that, students concentrate on three core themes – tools and techniques, managing the organisation, and engaging with the world. Other first year highlights include the MBA Language Program which requires that students achieve competency in one of 15 languages other than English. The summer break brings the opportunity for students to undertake an 8-12 week paid internship for which the median weekly salary is £1,100 ($1,760).
There is an even greater level of flexibility involved in the second year of the course. Students have the opportunity to take between 10 and 12 electives in areas such as entrepreneurial management, international management, private equity, and marketing. The International Exchange Program sees one third of the class travel to one of over 30 overseas institutions to enhance their program of study. Rounding off the course is Capstone, the finale of the MBA program, which sees students, faculty, and headline speakers come together to celebrate the student’s achievements.
London Business School: Facts & Figures
– Average work experience (class of MBA2014): 5.5 years
– Average GMAT (Graduate Management Admission Test): 698
– Average alumni salary three years post graduation: $154,783
– Percentage of graduates in employment three months post graduation: 97%
– Percentage of faculty with doctorates: 99%
It is clear that the London Business School offers an exciting opportunity for would-be MBA students. Are you up for the challenge?