The A-Z of Business Schools: The London Business School

Age: 33

History: Set up in the aftermath of the Franks Report, which said Britain needed a couple of business schools, one in London, the other in Manchester. Hey presto! LBS was born.

Address: Idyllic setting in Regent's Park, a stone's throw from Madame Tussaud's and close to London's West End.

Ambience: Good facilities in a beautiful 19th century Nash building which is being developed and upgraded to include new executive suites, new gym with swimming pool and new library facilities. Already has the best resourced business library in London. Will soon be on line as never before.

Vital statistics: Best known and arguably the best business school in the UK, it jostles for top rankings with European schools, Insead in France and IMD in Switzerland. An increasing number of its academics are dubbed "gurus" e.g. strategy guru Gary Hamel, fast-talking American who jets in from California every few weeks to spread the gospel about "core competences". Very international: three-quarters of students come from outside the UK and more than one-half from outside EU. Continues to operate North American two-year-style core MBA plus electives. No plans to change. But has borrowed from Europe - now has a foreign language requirement.

Added value: This year is the "Year of Entrepreneurship and Innovation" at the school, with a big push helping students to form their own businesses. About to be launched: the Foundation of Entrepreneurial Management's "incubator fund" to provide money to LBS students for new business ideas. It will also give office space, advice, introductions to venture capitalists.

Easy to get into? No. You need good degree, three years' work experience and GMAT.

Association of MBA's accreditation: Yes.

Glittering alumni: Lord Dearing, education's Mr Fixit; Sir John Egan, chief executive, BAA; Idan Ofer, president, Tanker Pacific Management (Singapore); Wong Kan Seng, minister for home affairs, Singapore; Kofi Amegashi, director, Shell (Ivory Coast); Derek Lewis, chairman, UK Gold, former prisons chief under Michael Howard; Sir John Jennings, chairman, Shell Transport and Trading Co; Tony Wheeler, managing director, Lonely Planet Publications.

International connections: Very international. More than one-half of faculty come from abroad. Exchange programme enables MBAs to spend a term on the campus of one of 30 partners in Europe, Asia, Australia, Latin America, Canada or the US.

Visiting professors: Arius de Geus, author of The Living Company about releasing the creative potential of the workforce.

Research: Rated tip-top 5* in the research assessment exercise. Has 10 separate research centres from emerging markets to virtual laboratory. The latter looks at commerce on the Internet.

Student profile: Age range on full-time MBA is 24-38; on executive 28- 45. Male/female ratio 73:22 on full-time MBA; 85:15 on part-time.

Cost: pounds 26,000 for full-time MBA (lasts 21 months); pounds 25,000 on part-time (lasts 24 months).

Return on investment: Phenomenal salary rise of 170 per cent.

Who's the boss: New dean coming on 1 July to replace George Bain who made the school into the international powerhouse it is and has gone to be vice-chancellor at Queen's, Belfast. New man is Prof John Quelch, a marketing guru from Harvard, born in London but has spent working life in North America.

Next week: Manchester Business School

Start your day with The Independent, sign up for daily news emails
Arts and Entertainment
The Bach Choir has been crowned the inaugural winner of Sky Arts’ show The Great Culture Quiz
arts + ents140-year-old choir declared winner of Sky Arts' 'The Great Culture Quiz'
Life and Style
food + drink
ebooksA year of political gossip, levity and intrigue from the sharpest pen in Westminster
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

Carlton Senior Appointments: Private Banking Manager - Intl Bank - Los Angeles

$200 - $350 per annum: Carlton Senior Appointments: Managing Producer – Office...

Carlton Senior Appointments: San Fran - Investment Advisor – Ind Advisory Firm

$125 - $225 per annum: Carlton Senior Appointments: San Fran - Investment Advi...

Sheridan Maine: Commercial Finance Manager

Up to £70,000 per annum + benefits: Sheridan Maine: Are you a qualified accoun...

Sheridan Maine: Regulatory Reporting Accountant

Up to £65,000 per annum + benefits: Sheridan Maine: Are you a qualified accoun...

Day In a Page

Homeless Veterans appeal: 'You look for someone who's an inspiration and try to be like them'

Homeless Veterans appeal

In 2010, Sgt Gary Jamieson stepped on an IED in Afghanistan and lost his legs and an arm. He reveals what, and who, helped him to make a remarkable recovery
Could cannabis oil reverse the effects of cancer?

Could cannabis oil reverse effects of cancer?

As a film following six patients receiving the controversial treatment is released, Kate Hilpern uncovers a very slippery issue
The Interview movie review: You can't see Seth Rogen and James Franco's Kim Jong Un assassination film, but you can read about it here

The Interview movie review

You can't see Seth Rogen and James Franco's Kim Jong Un assassination film, but you can read about it here
Serial mania has propelled podcasts into the cultural mainstream

How podcasts became mainstream

People have consumed gripping armchair investigation Serial with a relish typically reserved for box-set binges
Jesus Christ has become an unlikely pin-up for hipster marketing companies

Jesus Christ has become an unlikely pin-up

Kevin Lee Light, aka "Jesus", is the newest client of creative agency Mother while rival agency Anomaly has launched Sexy Jesus, depicting the Messiah in a series of Athena-style poses
Rosetta space mission voted most important scientific breakthrough of 2014

A memorable year for science – if not for mice

The most important scientific breakthroughs of 2014
Christmas cocktails to make you merry: From eggnog to Brown Betty and Rum Bumpo

Christmas cocktails to make you merry

Mulled wine is an essential seasonal treat. But now drinkers are rediscovering other traditional festive tipples. Angela Clutton raises a glass to Christmas cocktails
5 best activity trackers

Fitness technology: 5 best activity trackers

Up the ante in your regimen and change the habits of a lifetime with this wearable tech
Paul Scholes column: It's a little-known fact, but I have played one of the seven dwarves

Paul Scholes column

It's a little-known fact, but I have played one of the seven dwarves
Fifa's travelling circus once again steals limelight from real stars

Fifa's travelling circus once again steals limelight from real stars

Club World Cup kicked into the long grass by the continued farce surrounding Blatter, Garcia, Russia and Qatar
Frank Warren column: 2014 – boxing is back and winning new fans

Frank Warren: Boxing is back and winning new fans

2014 proves it's now one of sport's biggest hitters again
Jeb Bush vs Hillary Clinton: The power dynamics of the two first families

Jeb Bush vs Hillary Clinton

Karen Tumulty explores the power dynamics of the two first families
Stockholm is rivalling Silicon Valley with a hotbed of technology start-ups

Stockholm is rivalling Silicon Valley

The Swedish capital is home to two of the most popular video games in the world, as well as thousands of technology start-ups worth hundreds of millions of pounds – and it's all happened since 2009
Did Japanese workers really get their symbols mixed up and display Santa on a crucifix?

Crucified Santa: Urban myth refuses to die

The story goes that Japanese store workers created a life-size effigy of a smiling "Father Kurisumasu" attached to a facsimile of Our Lord's final instrument of torture
Jennifer Saunders and Kate Moss join David Walliams on set for TV adaptation of The Boy in the Dress

The Boy in the Dress: On set with the stars

Walliams' story about a boy who goes to school in a dress will be shown this Christmas