One Year MBA at Lancaster

• Name of the B-School: Lancaster university management school
• Name of the Course: One Year MBA

Course Overview

• Course duration: 1 Year
• Course type: Full Time
• Location: Bailrigg, Lancaster, LA1 4YW, United Kingdom

Accreditation

Lancaster holds the quadruple accreditation of:

• AACSB International (the Association to Advance Collegiate Schools of Business),
•  AMBA (the Association of MBAs) and
• EQUIS (European Quality Improvement System
• Small Business Charter

Ranking

• 1st in the world for corporate strategy – Financial Times 2019 Top Global Full-time MBA Programs
• 11th in the UK, 91st in the world – Financial Times 2019 Top Global Full-time MBA Programs
• 3rd in the UK for Corporate Social Responsibility- Financial Times 2019 Top Global Full-time MBA Programs
• 12th in the UK, 82nd in the world – The Economist Full-time MBA Rankings 2018

What is One Year MBA at Lancaster?

As per the B-School, The pillars of modern business are sustainability, responsibility and mindfulness. These core values impact on everything, from the environment to staff development and retention. They permeate through all stages of successful business, from supply chain and production through to retail and the end user.

These pillars underpin the Lancaster MBA. The program delivers impactful teaching from internationally-respected academics and leading business practitioners, and provides an innovative experience that blends study with applied action-learning.

Why One Year MBA at  Lancaster?

As per B-School, they have

• Small class sizes create a rich learning experience
• Excellent networking with several nationalities represented in each cohort
• Action-based challenges put your learning to the test
• Discover how business is done in an unfamiliar part of the world with the international module
• Unique mindful manager module enhances your practical wisdom

Class profile 2020

• Number of students 50
• Female 44%
• Male 56% 

Eligibility

As per B-School, eligibility requirements are as follows

Academic Requirements

2:1 Hons degree (UK or equivalent) in any subject.

The B-School may also consider non-standard applicants, please contact us for information.

If you have studied outside of the UK, they advise you to check their list of international qualifications before submitting your application.

Additional Requirements

As part of your application you also need to provide:

A minimum of three year’s professional work experience since graduation. This should be evidenced by providing a copy of your current CV detailing your professional experience and achievements to date. Preference will be given to those who can demonstrate that they have strong business experience and have held significant managerial responsibilities. Please ensure that you include dates of employment on your CV

Two good references – one from your current employer, and ideally the other from someone who can comment on your academic ability

An interview with a member of Lancaster’s admissions team

All successful applicants are required to provide one of the following: GMAT (with a score of 600 and 5.0/6.0 in the Analytical Writing Assessment) or the Lancaster Admissions Essay. Details regarding the essay will be provided with your offer.

English Language Requirements

A recognized English language qualification, dependent upon your nationality and where you have studied previously.

They normally require an IELTS (Academic) Test with an overall score of at least 7.0, and a minimum of 6.0 in each element of the test. We also consider other English language qualifications.

If your score is below our requirements, you may be eligible for our four week pre-sessional programs. Please note that our longer pre-sessional programs are not available to MBA applicants – pre-sessional English language programs.

Contact

Admissions Team +44 (0) 1524 592032 or email [email protected]

Application checklist and process

• As per the B-School, to apply, you’ll need the following documents:
• A detailed CV and personal statement
• Your degree certificate and transcript
• IELTS score report (for non-native English speakers)
• Two references

Follow the steps:

Step 1

Submit your application and supporting documents using online application system. You can track the process of your application at any time using this system too.

Step 2

Successful applicants are normally invited to interview within two weeks. Applicants based in the UK will be interviewed here in Lancaster, and if you’re overseas your interview will be via phone, Skype or face-to-face if we’re in your local area. If you are applying for scholarships, you will need to prepare and upload your presentation at least 24 hours before your interview.

Step 3

After your interview, we’ll normally contact you within 48 hours with our decision. You’ll need to respond within two weeks of receiving your formal offer, along with your £2000 deposit payment to secure your place.

Fee and Finance

MBA Fees

The Lancaster MBA fees for 2019 entry are £33,000 and include:

• Registration
• Tuition
• Examinations
• Graduation

Corporate Challenge – this takes place in London so the B-School will assist you with the cost differences incurred whilst studying there and help you secure suitable accommodation too.

• Average Housing Costs £78.70 p/w
• Average Campus Room Costs £429.20 p/m
• Average transport cost £429.20 p/m

Scholarships

The scholarships available to candidates are substantial, and are awarded on a competitive basis. B-Schools’ award decision is based on your potential, skill level, experience, education and background. To maximize your chances, it’s best to apply early and pay your deposit promptly.

How to Apply

You will need to prepare a five-slide PowerPoint presentation covering evidence of your leadership qualities, the personal attributes that set you apart from other applicants and how your qualities will contribute to the Lancaster MBA. They would also like to know how you feel the Lancaster MBA will help you grow as a leader, and will contribute to the achievement of your career aspirations. You can also include further details to support your scholarship application in the notes section.

Once complete, upload your presentation to the application site as part of your application at least 24 hours before your interview is scheduled to take place.

Loans

As per the B-School, there are a number of funding sources that can help you finance your MBA studies. You can find all available choices on the official B-School website.

Course Structure

According to the B-School, the program design of the MBA combines taught modules with action-based consultancy interventions. These are complemented by three main strands focusing on personal development: the Mindful Manager, Core Capabilities and the MBA Career Advancement Programme, all running throughout the full year. You will also complete a series of challenges to help you gain practical experience and develop your skills.

Right from your first day, you will be immersed in the Mindful Manager and Core Capabilities modules to give you a deep insight into key perspectives. This is designed to ensure you rapidly develop essential practical skills that you will need throughout the rest of your studies. During the first week, alongside formal Mindful Manager teaching, you will also focus on developing your capacity to work in teams and presentation skills through activities which will take you out into the wilds of the UK’s beautiful Lake District. Throughout the course, you will benefit from professional coaching and start engaging with the career advancement elements of the Lancaster MBA.

Learning and Assessment

A diverse range of teaching and learning methods are used within the program, so your sessions will typically involve group work and interactive discussion to draw out your experiences and relate them to the topic at hand. You will work on case studies, and some sessions will also involve simulations.

On the Lancaster MBA, assessments are not simply designed to test you; they are designed to develop your skills. With this objective in sight, we take multiple approaches to assessment so that you are stretched in different ways. Many parts of the program involve assessed group-work, including examination of case studies, report-writing, practical tasks, presentations and assignments.  This enables you to both learn from your diverse peer group and integrate the understanding and skills you’ll have built from the Mindful Manager and Core Capabilities modules.

In addition to group work, you will complete stimulating individual assessed pieces which prompt you to reflect, encourage you to push your boundaries, and give you experience of managing pressure. In addition to exams and in-class tests, we will ask you to complete reports, reflective experiential learning papers, academic essays and even give an inspirational speech.

 (Please note that UNLESS you are choosing to complete an MBA Dissertation, as part of the capstone option in July, your accommodation contract needs to allow some flexibility towards the end, since you will move away from Lancaster when participating in an Internship or in the Corporate Challenge in London)

Core Courses

Here are the core modules that you will study on the Lancaster MBA

• Organising Behaviour
• Marketing
• Finance 1
• Finance 2
• Micro-Economics
• Macro-economics
• Digital Innovation in Business
• Strategic Management
• Responsible Management and Ethics
• Business Management Challenge
• Consultancy Challenge
• Leading Responsibly
• Core Capabilities
• Operations Management
• Entrepreneurial Challenge
• Mindful Manager
• International Business in Context
• Capstone Work Placement (Corporate Challenge)

Optional Modules

The optional modules for the Lancaster MBA are listed below.

• Managing Strategic Change
• Corporate Strategy
• Mergers and Acquisitions
• Strategic Brand Management

Placement

According to the B-School, Lancaster MBA alumni have an excellent record of career success. Typically over 90% of Full-time MBA alumni who are seeking new roles on completing their studies achieve employment within three months of graduation. Campus recruiting for experienced hires is not the norm in the UK, nor do we claim that we can find jobs for all our students. Instead, we teach the skills needed for our students to be effective career thinkers and senior level job seekers themselves on the premise that a skill learned for life is the greatest asset of all.

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