London Business School is one of the best business schools in U.K. The school has been ranked among the top 2 business schools in Europe by Financial Times in a consecutive 3 years. London Business School programs offer postgraduate admission to international students in departments like Business & Management, Finance, Social Sciences and Economics etc. The postgraduate business education offered by the institute includes MBA in UK, Executive MBA, Master’s, PhD, and other short executive courses.
To get admission to London Business School students need to submit GMAT score of 600+ and English proficiency test scores. Maximum students taking admission in M.B.A program in LBS generally come from consulting and accounting backgrounds. Also Check: LBS MBA Class Profiles!
Prospective students can estimate to spend up to 95 lakhs for M.B.A. program. Costs for other degrees tend to be around 38 – 51 lakhs. The university automatically considers students eligible for scholarships and loans. These scholarships cover up to total tuition fees for all the years of study or partial fees. Students can also choose from external scholarships to study in UK.
London Business School has reported a 92% employability of its graduates. Currently, students working in the legal department earn around 146,000 GBP per annum. London Business School students employed in Executive Management and Change Sector pocket 129,000 GBP per annum. Top agencies like Amazon, American Express, Google, J.P. Morgan and many more have shown interest in recruiting LBS graduates. Look Over: LBS Student Reviews!
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London Business School Rankings
London Business School has been ranked #600 in Best Global Universities by U.S. News, 2022. It has also been placed at rank #46 in Best Global Universities in U.K. by U.S. News, 2022. Other ranking achievements of London Business School are –
- #8 in the World for 2 Year MBA Program by Financial Times Ranking, 2022.
- #253 in Best Global Universities in Europe by U.S. News, 2022.
- #2 in Masters in Management by QS Global University Rankings, 2022.
- #3 in Masters in Finance by QS Global University Rankings, 2022.
A subject wise ranking comparison between London Business School, London School of Economics and Imperial College London by QS World University Rankings 2022 is shown below –
| Study Areas | London Business School | London School of Economics | Imperial College London |
|---|---|---|---|
| Business & Management Studies | #3 | #11 | #25 |
| Accounting & Finance | #11 | #7 | #23 |
| Social Sciences & Management | #25 | #3 | #45 |
| Economics & Econometrics | #37 | #6 | #39 |
London Business School Programs
London Business School offers seven courses across the three faculties of the school including MBA, Masters in Analytics and Management, Masters in Financial Analysis, and Sloan Masters in Leadership and Strategy. A four-week Accelerated Development Programme is also available to fast-track professionals to a bigger management role with the core essentials of finance, strategy, and leadership. Executive programs at London Business School are for professionals who have experience in the business and finance industry
The most popular programs at London Business School are listed below.
| Programs | Course Duration | Fees in INR Per Annum |
|---|---|---|
| Executive M.B.A | 20 months | 71.97 lakhs |
| Masters in Management | 2 years | 52.43 lakhs |
| Masters of Management (Global) | 0-2 years | 36.92 lakhs |
| M.B.A | 15-21 months | 1.27 crore |
| Masters of Financial Analysis | 1 year | 54.28 lakhs |
| Ph.D. Economics | – | 98.55 lakhs |
| Ph.D. Finance | – | 98.55 lakhs |
London Business School acceptance rate hovers around 25% every year, admitting students with the GMAT Score range of 600 – 780. The Median GMAT Score of the Incoming Class of 2021 was 701. Surprisingly, 90% of the student population is comprised of international students. Its graduates are among the world’s most employable.
London Business School Campus
The London Business School campus is easily accessible from the west end and any part of the city. The campus forms a triangle between Sussex Place, Taunton Centre, and Sammy Offer Centre.
There are eight lecture theatres, a library, study spaces, seminar rooms, and computer banks, with adequate and comfortable workspace and meeting venues.
The lecture rooms and theatres are eclectic, inspiring, high-quality, and spacious to serve the students, staff, faculty, and global communities’ needs.
London Business School Student Accommodation
Although there are no on-campus accommodation facilities for international students in London Business School, you can stay in private student housing in UK near the school. There are limited off-campus accommodations available exclusively to students of the school at accommodation halls around London.
Details of how to apply for accommodation and the facilities available at the off-campus accommodation halls and apartments are only available to students after the offer of admission has been received by the students.
- The hotel suite for executive education students is centrally located and stylishly furnished to meet the need of the students.
- Guest suites are also available at the hotel for executive students staying in the school for a while.
- Facilities in the hotel include ensuite bathrooms, laptop safes, and an exclusive Executive Education Business Lounge.
London Business School Admission
London Business School accepts online applications through its official portal. The application for each Master’s program is the same. However, the application deadlines vary by program, so candidates must check the deadlines before applying.
London Business school Application Process
- Application portal: London Business School Admission Portal
- Application fee: It varies by program, majority of the master’s programs are 95 GBP (~9,234 INR)
- MBA: 200 GBP (~19,440 INR)
- Executive MBA London: 180 GBP (~17,496 INR)
Standardized test scores for UK: GMAT – 708 or above (590-790)
Required Documents:
- Completed online application form
- Application essays
- A one-page CV/resume
- 2 Letters of recommendation
- Transcripts from each university attended
- Statement of Purpose for UK
- Certified or notarized English translation of certificates
- Executive assessment or GMAT score
- English language proficiency test scores
Admission Deadlines: Admission at London Business School for executive education program is operated on a rolling basis. Applicants are likely to get an admission decision within 8 weeks of application.
English Proficiency Requirements
London Business School accepts English language tests such as IELTS, TOEFL iBT, PTE Academic, and Duolingo. However, there is no stipulated minimum score required.
Note: English language proficiency test is waived for the following category of applicants:
- Applicants whose undergraduate or postgraduate degree (not longer than 2 years) was obtained entirely in English or in an English-speaking country
- Applicants who have lived or worked in an English-speaking country for a minimum of two years after graduation
Requirements for Admission into Executive Program
Candidates applying for an executive program are required to have:
- A minimum of 12 years of management experience which includes managing teams, projects, budgets, and/or resources
- An undergraduate degree or equivalent professional qualification
- Convincing leadership potential
- Strong career progression
- Motivation for applying
- International exposure
- Team skills.
Visa Requirements: International students who are offered admission need to apply for a UK student visa within 3 months before the start of the program.
London Business Cost of Attendance
The cost of attendance in U.K. varies based on the factors like university, location and courses selected. However, at London Business School the average estimated fees for the 2022 academic session are presented here:
| Expenses | MBA (INR) | Master’s in Finance Full-Time (INR) | Master’s in Management (INR) |
|---|---|---|---|
| Tuition | 94.77 lakhs INR | 50.73 lakhs INR | 38.10 lakhs INR |
| Students Association Fee | 26,244 INR | 13,122 INR | 13,122 INR |
| Commitment Fees | 2.9 lakhs INR within approximately one month of your admission offer | 1.9 lakhs INR approximately four weeks after your offer | 1.9 lakhs INR within approximately three weeks of your offer |
| Reservation Fees | 5.8 lakhs INR withing one month of commitment fees | 7.8 lakhs INR payable eight weeks after your admission offer | 5.8 lakhs INR within approximately six weeks of your offer |
Note:
- Students who are offered admission into full-time programs are required to pay the commitment fee within three of receipt of the admission offer and a reservation fee within the next three weeks
- Commitment and Reservation fees vary with the program and the location of the study. However, an average of 2,000 GBP for commitment fee and 6,200 GBP for reservation fee should be budgeted by the students
- Commitment and Reservation fees are non-refundable and are deducted from the tuition fees
- The tuition fee can be paid in instalments and it covers tuition, course materials, essential core course textbooks, and fees for the mandatory international assignment and orientation week.
- In addition to the above stated, the tuition fee for executive programs also include accommodation fee
London Business School Scholarship
Scholarships are offered by the school, the government of the United Kingdom, charity organizations, NGOs, and global corporations. In addition to the scholarships available in the school, applicants are advised to seek external funding options in the UK. Applicants interested in University Scholarships must apply for the program first and, if offered admission, then they are eligible to apply for the scholarships. Some of the scholarships available for international students include:
| Scholarships | Grants (in INR) |
|---|---|
| Laidlaw’s Women’s Leadership Fund | 100% tuition fee of Minimum 50% tuition fee of MBA and EMBA |
| London Business School Fund Scholarship | Up to 100% tuition fee |
| SARI Foundation Trust Scholarship | Up to 100% tuition fee |
| Forte Foundation Scholarship | Up to 43.74 lakhs |
| London business School Energy Scholarships | Up to 50% tuition fee |
| London Business School Entrepreneur Scholarship | Up to 50% tuition fee |
London Business School Alumni
London Business School has a network of more than 47,000 alumni across 157 different countries worldwide. More than 10,500 alumni still support LBS via donations or volunteering in events, clubs and councils. LBS also offers many facilities and opportunities to the graduates like –
- Access to the Well-being Centre,
- Access to the alumni boardroom and Sammy Offer Centre,
- Free career services,
- Access to Elective courses,
- Access to LBS online library.
Notable Alumni –
- Kumar Mangalam Birla – Chairperson of Aditya Birla Group
- David Davis – Member of British Parliament
- Justine Greening – Former Minister in British Parliament
- Timothy Kopra – Astronaut
London Business School Placement
According to payscale, the average annual salary of graduates of London business school is 106.54 lakhs. Prominent employers of graduates of London Business School are Amazon, Goldman Sachs, and BCG. Beijing, Dubai, Paris, etc.
Indian graduates of London Business School is not only working in U.K. They are also getting job opportunities in their motherland. A comparison between salaries offered in India and U.K. in 3 job profiles is depicted here.
The best paying degree of LBS is its Executive Master’s Degree with 103 lakhs per annum. However, others are also getting paid a good salary of about 85 lakhs per annum on average. An estimation of the pay scale of LBS graduates by degree is tabulated below –
| Degree | Average Annual Salary (INR) |
|---|---|
| M.B.A. | 85.16 lakhs |
| Executive M.B.A. | 95.62 lakhs |
| Bachelor of Science | 79.68 lakhs |
| Masters in Finance | 79.17 lakhs |
| Executive Masters | 103.17 lakhs |
The career outcome reporting rate in London Business School is 97%. A comprehensive career development program is utilized by the students to enable them to express the worth of their value to potential employers. 94% of graduates received an employment offer within three months of graduation.
Career development events like Early Careers Recruitment Evening, Tech and Start-Up Evening, and Buy-side Networking Evening are organized to help graduates advance their careers. Students can also collaborate in research and other projects with global organizations like Amazon, American Express, BCG, Blackstone, Google, J.P. Morgan, and McKinsey & Co.
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