“Brexit” sees European Representation Dip to 19% at LBS

The effect of ‘Brexit’ is seen in the Class of 2018 at the London School of Business (LBS) with the fall in percentage of European representation to 19% from 26% in the previous batch.

There is also a 2% drop in international students to 90% from 92% in the Class of 2017.

The School’s MBA offers students the flexibility to choose a curriculum that can be tailored specifically to support the individual’s career path and also to finish the programme in 15, 18 or 21 months. The next batch starts on August 14, 2017 with the fees pegged at £75,100.

The incoming class comprises 425 students with 35% female representation and international students from 70 countries. The female presence fell from 37% in the previous batch.

The average age of the class is 29. The students have an average GMAT score of 708 going up by 7 points from the previous year and an average 5 years of work experience.

Europeans (excluding the UK) constitute 19% of the class followed by North America at 18% and Latin America at 12%. India comes next with 11% while Asia and the UK comprise 10% each. Australia/New Zealand constitute 7%, Middle East 4%, Africa 3% and others 6%.

As far as pre-MBA experience is concerned, 27% of the students are from Finance/Accounting, followed by Consulting at 26%. With these two sectors claiming more than half of the class, the rest is a rainbow of different professions with a sharp plunge in percentage to single digits.

Energy/Power Generation/Electronics and FMCG/Retail/Luxury Goods constitute 7% each followed by manufacturing/Engineering/Construction at 6%.

The average age of the class is 29. The students have an average GMAT score of 708 going up by 7 points from the previous year and an average 5 years of work experience.

Marketing/Publishing/media is at 5% along with IT&T. Healthcare/Pharmaceuticals/Biotechnology and Public/Not-For-Profit/Education is at 3% each. Aerospace/Automotive, Defence/Military, Law/Legal Services, Leisure/Sports/Entertainment/Travel and Others constitute 2% each with property/Real Estate filling up the remaining 1%.

LBS says its MBA is aimed at those who have gained some high-quality work experience but are at a relatively early stage in their career. It is for those who want to increase their knowledge of business and management to enhance their existing career and accelerate their promotion prospects.The program suits those seeking to change career by changing function or industry or to start their own business.

The highly international nature of the programme also makes it suitable for people who want global mobility. It is also a preparation for general management with a global outlook rather than remaining US-centric or Euro-centric.

While the average work experience for joining the program is 5 years, the criteria may be relaxed in case of applicants with less than 3 years work experience if they can demonstrate superior academic credentials and truly outstanding evidence of leadership through professional and personal experiences.

Fees & Expenses

The fee for the programme commencing in August 2017 is £75,100. The figure covers the full 15-21 months of tuition and course materials.

LBS allows payment of fees in three instalments, one at the beginning of each term. It can also be paid in full for the first year at the start the program.

Earn While You Learn

Students have earning opportunities during the program in the form of summer internships. In 2016, summer internship salaries averaged £1,064 per week (10-12 weeks’ duration), and the top earnings were £2,500 per week.

Program Schedule

The programme begins in early August each year with an Orientation week followed by three study periods: Autumn Term (August to December), Spring Term (January to March), and Summer Term (April to July).

Exams take place throughout the first year, and these may be scheduled over weekends. Core courses run Monday – Friday and you will also spend time throughout the week in a variety of classes, tutorials and personal and professional development sessions.

In addition, a number of block weeks, covering various electives, run outside term time. Students are also required to complete a range of exams, assignments and project work over the break periods.

“We recommend you see your study at London Business School as a continuous period of education from September through to June each year, with vacations involving consolidation, preparation and project work, as well as completing your summer internship in the main summer break,”LBS says.(Image Source:Wikipedia.org)