2010 London Business School MBA Admissions Q&A with Phillipa Hain & Oliver Ashby
2010 London Business School MBA Admissions Q&A with Phillipa Hain & Oliver Ashby
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Linda Abraham (Sep 16, 2009 11:59:39 AM)
Hello. My name is Linda Abraham. I am the founder of Accepted.com and the moderator of today’s chat.
First I want to welcome all applicants to the London Business School chat today, and I want to congratulate you for taking the time to learn more about London Business School. Whether you are working hard on your application to prepare for London Business School’s Round 1 deadline on October 7th or you are doing research with the intention of submitting later this year, to make a sound application decision and gain acceptance to the school of your choice, you need to know as much as you can about the schools you are applying to. Being here today allows you to ask the London Business School experts about this outstanding business school.
I also want to welcome the impressive team London Business School has assembled to answer your questions today:
- Oliver Ashby, Recruitment & Admissions Manager, MBA Program. Oliver looks after candidates who are based in continental Europe and Latin America.
- Phillipa Hain, Recruitment & Admissions Manager.
- David Morris, Senior Business Development Manager, Career Services.
- Hannah Smith, Marketing Manager, Career Services.
- Louise Weir, Marketing and Communications Officer, Career Services.
- Erik Wilterding, MBA2010 student. Erik is also an MBA student ambassador who is about to commence the second year of his MBA. Erik is from the United States where he studied Mathematics and Philosophy at undergrad. Before joining the MBA, Erik was based in New York City where he worked with IBM Global Services. Erik is involved with several student clubs and he is the current President of the Consulting Club. For his internship, Erik was selected to be one of the eight person London Business School Summer Consulting team.
- Vlad Gudov, MBA Class of 2010. Vlad is about to start the second year of his MBA at London Business School. He is originally from Romania where he studied Economics and International Business at university. Prior to starting the MBA, Vlad worked as a Marketing Research Manager with Ringier Romania. He is a member of many of the London Business School student clubs including the Media Club and the Tennis Club. Vlad is also an MBA student ambassador. Vlad worked in FMCG for his summer internship.
Welcome to our chat new-comers and veterans. Thanks to everyone for joiningaditya (Sep 16, 2009 12:02:06 PM)
Hi Oliver- I wanted to know what are the adcom's expectations from the optional essay? What are typical things that can be mentioned? Is this usually filled by applicants or is it only for extenuating circumstances?
Linda Abraham (Sep 16, 2009 12:02:21 PM)
David, Louise, & Hannah: How is London responding to the recession?
OliverAshbyLONDON (Sep 16, 2009 12:02:35 PM)
Hello Aditya. The optional essay is really for applicants who feel they have not been able to explain a certain part of their application. This could be used for a number of purposes. There is no obligation to answer this question.
Nitish Kaul (Sep 16, 2009 12:03:03 PM)
David: Can you tell us more about the Career Services team and how it works for the benefit of the students?
Shruti (Sep 16, 2009 12:03:11 PM)
Can Erik speak briefly about the Consulting team that's at LBS?
aditya (Sep 16, 2009 12:03:57 PM)
Phillipa: What is the typical yield of the school, i.e., the percentage of applicants actually joining after being given offers?
aditya (Sep 16, 2009 12:05:12 PM)
Oliver: What percentage of students typically finishes the MBA in the shortened 15 month option?
DavidMorrisLONDON (Sep 16, 2009 12:05:25 PM)
Nitish, we have a great team of over 25 individuals in place to help students and alumni through their career journey. We have a team focused on business development across the main sectors of industry, such as consulting and finance, connecting companies with students from job postings, on-campus events, and international visits, etc. We also have a Training & Development team who will work with students to help them define their career strategy, giving advice on CVs, cover letters, and lots & lots of interview training.
Andres (Sep 16, 2009 12:05:31 PM)
Hi Phillipa: I am joining one of the drop-in sessions at LBS at the end of the month. Can you advise on how to make the most out of my visit?
Nitish Kaul (Sep 16, 2009 12:05:56 PM)
David: It has generally been the opinion that the U.S. serves a better haven, even in today's turbulent times, as far as the job market is concerned. How would the LBS team like to rebut this?
Linda Abraham (Sep 16, 2009 12:06:10 PM)
Vlad & Erik: What do you like best at London Business School? What would you like to see improved?
Erik_MBA2010 (Sep 16, 2009 12:06:13 PM)
Shruti - sure! The Consulting Team is a unique summer opportunity at London Business School. Essentially, each year, six to eight students are selected to form their own consulting start-up firm for the summer. This year eight students (including myself) were selected and we were responsible for marketing, sourcing, and delivering numerous engagements. We signed with clients in numerous different industries including finance, shipping, and education ... and we hit our revenue targets as well. All in all, it was a great mix of consulting and entrepreneurship!
LouiseWeirLONDON (Sep 16, 2009 12:06:14 PM)
Hi Linda, thanks for your question. Career Services responded to the downturn by mobilizing the London Business School Take Advantage: Now's Your Chance campaign', designed to connect students and alumni with opportunities, despite the market, by increasing our business development activities and utilizing our professional network of global recruiters, world class faculty and other members of the School community.
PhillipaHainLONDON (Sep 16, 2009 12:06:18 PM)
Hi Aditya, the admissions process for London Business School is a competitive one. We suggest that applicants look to meet all the admissions requirements. We judge each application on an individual basis and we take a holistic view of your application.
Aspirant (Sep 16, 2009 12:06:25 PM)
Phillipa, the LBS website mentions that the program is targeted at people who are at a relatively early stage in their career. Can you please elaborate on this? What would typically be viewed as "early"?
Linda Abraham (Sep 16, 2009 12:06:56 PM)
Louise: What should applicants do to prepare themselves for a tough job market, if there is one, when they graduate?
PhillipaHainLONDON (Sep 16, 2009 12:07:12 PM)
Andres: Do some basic research first, which you are doing now - well done. But also think about some questions to ask in the Drop in Session, perhaps tailored to what you want to get out of an MBA.
Linda Abraham (Sep 16, 2009 12:07:14 PM)
Hannah: could you tell us a little about the programs that London Business School has to help first-year students obtain internships?
VladGudovLONDON (Sep 16, 2009 12:07:27 PM)
Linda, the best thing about London Business School is the experience of going through classes, club events, networking sessions, vacations and parties together with such an incredibly diverse group of students.
Shruti (Sep 16, 2009 12:07:38 PM)
Phillipa: Is it possible to take the 15 or 18 month options and still participate in the International Exchange Program?
OliverAshbyLONDON (Sep 16, 2009 12:07:39 PM)
Aditya- A very small number of students finish in 15 months. The option is really designed so you can tailor your MBA to suit your needs. It is helpful for students who may have received a dream job offer or perhaps want to get back to a family business.
Erik_MBA2010 (Sep 16, 2009 12:08:34 PM)
What do I like best about London Business School? The past year has been amazing, and by far, the best part has been getting to know my fellow students. I've formed friendships with so many interesting people that I am sure will last a lifetime.
Andres (Sep 16, 2009 12:08:49 PM)
Oliver: Do you know which percentage of the MBA students manage to obtain financial help?
Shruti (Sep 16, 2009 12:08:52 PM)
PhillipaHainLONDON (Sep 16, 2009 12:09:00 PM)
Hi Aspirant, typically MBA students have between 2-14 years work experience and on average 5.6 years. By early, we mean that students will typically be in their first leadership role or looking to move onto a leadership role post MBA. But we do offer programs which are tailored to business professionals who are already in those leadership roles.
DavidMorrisLONDON (Sep 16, 2009 12:09:08 PM)
Nitish - the job market that we work in is on an international basis, which means that we do a lot of business development across the globe, both face to face and remotely. From our employment statistics on our employment report, over 38% of the MBA2008 class took roles outside of the UK.
Linda Abraham (Sep 16, 2009 12:09:40 PM)
David: Do you feel that students who want to return to the U.S. are better off pursuing an American MBA?
LouiseWeirLONDON (Sep 16, 2009 12:09:50 PM)
Hi Linda. Our Training and Development program is positioned to equip students with the skills needed for applications, interviews and beyond. Built into the MBA curriculum the program offers students one to one and group workshops, building on skills such as networking. Coupled with this training we offer a range of recruitment and networking events throughout the year, designed to allow students to sharpen their networking skills and build upon their contacts in an interactive environment. We know the market isn't an easy one at the moment, but Career Services supports you by giving you the skills that recruiters ask for - it's up to you to take advantage!
PhillipaHainLONDON (Sep 16, 2009 12:10:02 PM)
Hi Shruti: It is possible, but it would be very demanding. Selecting the 15 month option means a student may have to minimize their club involvement depending on their commitments.
HannahSmithLONDON (Sep 16, 2009 12:10:28 PM)
Linda: There are several workshops and groups activities held by the Career Services team which support students in tailoring their CV and cover letters for the sector that they wish to get an internship in. The career coaches will then work with them on perfecting their interview skills before the recruiters come onto campus in January and the students have the chance to hear presentations and meet with them.
Gustavo (Sep 16, 2009 12:10:34 PM)
Hello Phillipa and Oliver! How does London Business School manage to include student's significant other into the LBS community?
Andres (Sep 16, 2009 12:10:49 PM)
Vlad and Erik: I see that LBS puts a lot of emphasis on school clubs. How does this affect students who are taking their family with them?
Erik_MBA2010 (Sep 16, 2009 12:10:53 PM)
What would I like to see improved? I think London Business School is doing a great job concentrating on improving its physical facilities spaces. This past summer saw some great renovations to several dining areas and the creation of a brand new student center! Definitely a great improvement!
Aspirant (Sep 16, 2009 12:11:06 PM)
Hannah, what makes London Business school a great choice for career shifters, especially to an industry like media and entertainment?
DavidMorrisLONDON (Sep 16, 2009 12:11:12 PM)
Linda: From the meetings and conversations I have had with U.S. recruiters, a lot of them are now looking for candidates with an international exposure to come back to work in the U.S. By studying and working in London you will be able to gain this experience both in the UK and in mainland Europe.
Shruti (Sep 16, 2009 12:11:23 PM)
Ok, thanks Phillipa. What percentage of students takes the 18 month option?
OliverAshbyLONDON (Sep 16, 2009 12:11:46 PM)
Andres- The London Business School-HSBC loan scheme is very popular among MBA students and a large number apply for this each year. In addition, 25% of MBA students will receive some form of London Business School scholarship.
Nitish Kaul (Sep 16, 2009 12:11:55 PM)
David, my query mainly stems from the options in Marketing after LBS. Can you talk a little about the jobs offered in the FMCG industry?
VladGudovLONDON (Sep 16, 2009 12:12:22 PM)
Hi Andres: Yes, there is a lot of emphasis put on school clubs (organizing, participating, etc.)... however, the beauty of LBS is its flexibility: you can get involved as much or as little as you want. Often times, students who have partners/families will choose to opt out of some activities to be able to dedicate their time to their families... but at the same time, there are many activities in which the partners of LBS students are more than welcome to join.
Linda Abraham (Sep 16, 2009 12:12:30 PM)
Phillipa and Oliver, how has London’s curriculum or program changed as a result of the recession?
PhillipaHainLONDON (Sep 16, 2009 12:12:35 PM)
Hi Gustavo, partners and children are very welcome at London Business School. We have a very active partners club who organize events for families and help partners to find employment in London. They also offer advice on health-care, education and London suburbs. All partners are welcome to join the student clubs and have access to the gym and library.
Aspirant (Sep 16, 2009 12:12:58 PM)
Erik & Vlad, can you tell us a little about living in London? What housing options are most popular with LBS students?
Nitish Kaul (Sep 16, 2009 12:13:08 PM)
Phillipa, how does the 15-18 month duration change costs of the MBA program? Will the variations be restricted to the living costs? And how can we fund our exchange programs?
Linda Abraham (Sep 16, 2009 12:13:36 PM)
David how is recruiting looking for 2010 grads?
PhillipaHainLONDON (Sep 16, 2009 12:13:44 PM)
Hi Shruti, the 18 month option is the most popular with students.
Linda Abraham (Sep 16, 2009 12:13:54 PM)
Hannah, do you see any industries as being particularly active in recruiting LBS graduates and interns this year?
HannahSmithLONDON (Sep 16, 2009 12:14:04 PM)
Aspirant: There is a BD team within Career Services who is dedicated to industry - David covers Media, so we work hard at ensuring there are opportunities across all sectors. The sessions held as part of the training and development program will support you in preparing to make the career shift.
Gustavo (Sep 16, 2009 12:14:10 PM)
Oliver: Which is the best way to contact students involved in the clubs?
Shruti (Sep 16, 2009 12:14:39 PM)
Phillipa: This is sort of a semantics question but I'd rather ask: Is it preferred that our essays incorporate UK English spelling because certain words are spelled differently in the U.S. and UK versions?
Erik_MBA2010 (Sep 16, 2009 12:15:33 PM)
Aspirant, regarding living in London: Most first-year students live near campus. In addition to classes, the first terms are spent attending club events, building your professional skill set, and attending on-campus company presentations. As such, there is the potential for a lot of back-and-forth between campus and your flat! Some popular neighborhoods are: Baker Street, St. John's Wood, and Swiss Cottage.
VladGudovLONDON (Sep 16, 2009 12:15:34 PM)
Hi Gustavo: The best way to reach out to them is to look on the Student Association website and find the relevant contact details from the club you are interested in. Since at the moment the SA is going through something of a reorganization of the website, if you do not find the right contacts, please write to one of the student ambassadors, and we would be more than happy to put you in touch with the right person.
OliverAshbyLONDON (Sep 16, 2009 12:15:51 PM)
Linda- at London Business School we have twice been awarded the highest HEFCE 5* research rating, and our specialists are constantly engaged in research into current business developments. Several of our faculty have written publications on the topic of the current financial climate and therefore this is reflected in the School's teaching. The School has recently published a compendium on Faculty contributions to discussion on the topic of the global financial crisis which can be viewed online.
PhillipaHainLONDON (Sep 16, 2009 12:16:10 PM)
Hi Nitish, the MBA tuition fee remains the same whichever option you choose. You are correct that the difference will be made to living costs. In terms of the IEPs, students will fund these in the same way they fund their current living costs, scholarships and loans, etc. Sometimes, there are specific scholarships from the partner school.
Linda Abraham (Sep 16, 2009 12:16:19 PM)
David, Louise and Hannah, are there steps applicants can take before they start b-school that will help them find a job when they graduate?
DavidMorrisLONDON (Sep 16, 2009 12:16:28 PM)
Nitish: We actually have a person dedicated to managing the relationships with companies in the FMCG sector. We have seen a growing interest from this sector in recruiting at an MBA level both in the UK and internationally. We also have very strong clubs focused on this area and dedicated to marketing. These clubs host great networking opportunities and speaker events to help connect students with the industry. We have also seen students recruited in the U.S. for companies such as P&G over the last few years.
aditya (Sep 16, 2009 12:16:43 PM)
Oliver: What is the student to faculty ratio?
HannahSmithLONDON (Sep 16, 2009 12:16:43 PM)
Linda: we don't have this year''s data yet - it comes out in November, but J&J, London2012 and GOOGLE were all high on the list for employing grads and offering internships.
PhillipaHainLONDON (Sep 16, 2009 12:17:11 PM)
Hi Shruti, our applicants come from all over the world so U.S. or UK English is fine.
LouiseWeirLONDON (Sep 16, 2009 12:17:15 PM)
Hi Linda, I am going to answer that question directed at David. We report on employment figures three months after graduation so are not able to release any statistics at this stage. However, our students continue to accept positions across the finance, global industry & consulting sectors, and the high number of recruiters due to arrive on our London campus to recruit this term stands as a testament to company interest in our students. Students graduating this year need the competitive edge in this market and Career Services prepares them with the career skills to succeed.
Linda Abraham (Sep 16, 2009 12:17:33 PM)
Hannah, which companies and sector are most active in reserving interview slots for the 2010 graduating class?
Abhi (Sep 16, 2009 12:17:51 PM)
Hi Erik, could you please elaborate on the opportunities available post MBA in the High-Tech Sector in London?
Gustavo (Sep 16, 2009 12:18:25 PM)
Thanks, Vlad! One more for Phillipa: On essay question 5 "Describe any significant experiences outside of your home country. What did you gain from these?". Must the experience be a professional one?
Andres (Sep 16, 2009 12:19:01 PM)
Erik and anyone who wants to respond to this one: Do you think the LBS MBA program is attractive to students with an IT background, or is it better to go for a specialized program? Thanks!
Nitish Kaul (Sep 16, 2009 12:19:34 PM)
I am grateful to you David, for bringing up P&G. I wish to join FMCG and work in the UK/mainland Europe. Is it true that P&G recruits locals for their markets?
HannahSmithLONDON (Sep 16, 2009 12:19:44 PM)
Linda: We are seeing interest across all three sectors with several recruitment events happening in October.
LouiseWeirLONDON (Sep 16, 2009 12:19:52 PM)
Linda, before arriving at business school, we encourage students to consider what their short and long term career goals are, and work on a copy of their CV. By doing so, when you meet with the Career Services team, we can guide to you in creating a CV that stands out amongst the masses, and offer you sessions within our training and development program which are tailored to reaching your end career goal. We also encourage you to research the sector(s) you are keen to go into, as well as the appropriate professional clubs linked to each. Career Services will meet you in your orientation week to start you on your career journey.
PhillipaHainLONDON (Sep 16, 2009 12:20:20 PM)
Gustavo: No the experience does not have to be a professional one, it may be an experience from working in a diverse team, or holidaying abroad. We want to know about the experiences you have had coping with cultures different to your own and how you went about this.
aditya (Sep 16, 2009 12:20:29 PM)
Phillipa: What is the most common major for electives amongst students in 2nd year?
VladGudovLONDON (Sep 16, 2009 12:20:49 PM)
Andres: the MBA program is attractive to students from all walks of life (I am constantly amazed at the range of professional backgrounds and experience in my class). I have colleagues with predominantly IT backgrounds who have done internships in Trading, Investment Banking, High-Tech companies and Consultancies. It really all depends where you want to be headed professionally.
Linda Abraham (Sep 16, 2009 12:21:25 PM)
Vlad & Erik: Could you tell us a little about your Second Year Consulting Project? I understand you actually get paid for this work.
Erik_MBA2010 (Sep 16, 2009 12:21:54 PM)
Abhi: Good question. While that's not exactly my expertise, I have friends who have worked in internship and full-time positions with Google, Amazon, BT, Vodafone, and Samsung. Additionally, consulting firms that specialize in IT consulting (IBM, Accenture, Deloitte, etc.) are also very active on campus.
DavidMorrisLONDON (Sep 16, 2009 12:21:55 PM)
Nitish: The companies that recruit and work with the school are looking to hire the best talent into their operations and are not only hiring from the local market. A lot of companies are interested in individuals from different backgrounds and locations to bring a more diverse way of thinking to the company.
PhillipaHainLONDON (Sep 16, 2009 12:22:13 PM)
Aditya: I don't have a definite answer for you but these are a couple of the popular ones: Achieving Strategic Agility and Pads to Power. You can read more about our electives on our website.
Aspirant (Sep 16, 2009 12:22:27 PM)
Oliver: My question is about essay 1: What sort of a resolution are we expected to drill down to in writing this essay? Are positions and companies expected? How does one best balance this with the fact that an MBA is an experience in self-discovery and that plans may change during an MBA?
aditya (Sep 16, 2009 12:22:37 PM)
Phillipa: How many admits were there from India last year?
VladGudovLONDON (Sep 16, 2009 12:22:56 PM)
Linda: Let me start with your second question - Yes, on average students will get paid approximately 3,500 pounds/project, but this varies widely. As for my second year project, I am looking to do a project for a non-profit organization dealing with education and health-related issues in South Africa (where I will also be going on Academic Exchange during the spring term).
Linda Abraham (Sep 16, 2009 12:23:56 PM)
Vlad: What is the Academic Exchange?
Erik_MBA2010 (Sep 16, 2009 12:24:06 PM)
Linda, regarding the Second-year project: To add upon Vlad's explanation, I haven't yet decided on my second-year project, although I'll likely continue one of the opportunities that I identified while working on the Summer Consulting Team. Specifically, there may be a neat opportunity with a multi-national telecom firm that is looking to develop a 5-year internal education strategy.
PhillipaHainLONDON (Sep 16, 2009 12:24:12 PM)
Aditya: In the current MBA2011 class there are 38 students who have stated India as their nationality. But of course, some of them will have been residing in countries outside India before joining us.
vivek (Sep 16, 2009 12:24:35 PM)
David: What is the scope of entrepreneurship in LBS?
Andres (Sep 16, 2009 12:24:44 PM)
Louise: What do you think are the values that make LBS stand over other 2-year programs in Europe?
VladGudovLONDON (Sep 16, 2009 12:26:21 PM)
Linda: London Business School partners with almost 35 top business schools around the world. We receive students from those schools on exchange, for a term, and students from our school go there on exchange either during the Fall or Spring terms. The exchange takes place only in the second year.
vivek (Sep 16, 2009 12:26:54 PM)
Vlad: Can you please elaborate on how LBS helps students who are interested in Entrepreneurship?
DavidMorrisLONDON (Sep 16, 2009 12:27:32 PM)
Vivek: The school has a strong tradition of entrepreneurship and very strong faculty working in this area. From a career services perspective, we work with a lot of entrepreneurship companies and the VCs behind them. Our faculty also runs a summer entrepreneurship school assisting students who are looking to launch or develop their own enterprise. We also have a very strong entrepreneurship club who run a range of events from their annual conference through to networking sessions.
Andres (Sep 16, 2009 12:27:42 PM)
Oliver: Is it well regarded to speak other languages apart from English and your native language? Is a certificate required in this case?
LouiseWeirLONDON (Sep 16, 2009 12:27:58 PM)
Hi Andres - We're delighted that the School's full-time MBA program ranks among the world's best, according to the Financial Times and BusinessWeek business education surveys. Additionally, we're confident in the 'London Advantage' to build your network in the financial hub of the world amongst a culturally diverse community. The London Advantage really does put London Business School at the top of the ranks, both as a financial center and as a cultural hub.
Andres (Sep 16, 2009 12:28:26 PM)
Current students: Could you tell us about something (if at all) that disappointed you about the program?
Gustavo (Sep 16, 2009 12:29:33 PM)
Thanks again, Phillipa! I know the admissions process is held on a holistic perspective, but is the Admission Committee looking for a specific minimum quantitative GMAT score? I ask this because my undergraduate degree is in the humanities area.
OliverAshbyLONDON (Sep 16, 2009 12:29:42 PM)
Andres - While a second language is an exit requirement on the MBA program, a third is not compulsory. Some students do opt to learn a third language, which is especially helpful if you want to go on exchange to a country where you do not speak the language.
aditya (Sep 16, 2009 12:30:01 PM)
Oliver: Can the standard presentation for the information events elsewhere in the world be shared online?
Linda Abraham (Sep 16, 2009 12:30:36 PM)
Oliver & Phillipa, if you are looking at an application and the numbers and basic profile are in the ballpark for a London Business School student, what distinguishes an application that is accepted from one that is rejected?
Linda Abraham (Sep 16, 2009 12:31:04 PM)
David, Louise, and Hannah: Does Career Services play a role in application evaluation? If yes, what is it?
OliverAshbyLONDON (Sep 16, 2009 12:31:28 PM)
Aditya - while we cannot share the information session presentations, there is a wealth of information on all the topics covered on the London Business School website.
Erik_MBA2010 (Sep 16, 2009 12:31:59 PM)
Andres: In my case, there honestly hasn't been much that disappointed me about London Business School. That said, one thing that does stand out is the generic nature of some core courses. Because the goal of core courses is to establish a working understanding of core business concepts, they don't always go into a significant level of depth. However, I am pleased to say that in your second year, you will be able to focus on one or more disciplines via your elective choices.
PhillipaHainLONDON (Sep 16, 2009 12:32:27 PM)
Gustavo: Ideally you should aim for a quant score of 40, but the main thing is to aim for an overall score close to or above our average of 697. We have a range of 600-800.
Nitish Kaul (Sep 16, 2009 12:32:49 PM)
Phillipa: I was going through electives in Marketing. There are a few which are open to all, whereas some are application based. What is the selection process for the latter?
LouiseWeirLONDON (Sep 16, 2009 12:33:57 PM)
Hi Linda - Career Services is indeed involved as early as the application process and we work closely with the program office throughout the student's time at the School - members of our team sit on the application committee to ensure that student career aspirations are appropriate to the support that we offer, ultimately enabling us to offer a fantastic service to the new class of students.
OliverAshbyLONDON (Sep 16, 2009 12:34:24 PM)
Linda - The Admissions Committee looks at applications holistically and therefore looks for a number of different attributes in potential candidates. Outstanding essays, strong references and work experience, which will help them contribute to a study group, are all extremely important. In addition it helps for applicants to demonstrate their commitment to the School.
Linda Abraham (Sep 16, 2009 12:34:46 PM)
Louise: So employ-ability and appropriate goals are a factor in admissions at LBS?
Andres (Sep 16, 2009 12:35:19 PM)
Oliver: How many students are from Spain?
Gustavo (Sep 16, 2009 12:35:49 PM)
Oliver: Thank you again. How many Brazilian students are accepted each year in the full-time program?
VladGudovLONDON (Sep 16, 2009 12:36:06 PM)
Nitish: There are some electives that are offered by LBS in partnership with University College of London, and for those, you have to send a separate application. But the biggest bulk of electives do not require a separate application.
OliverAshbyLONDON (Sep 16, 2009 12:36:10 PM)
Andres- this year we have 20 students from Spain on MBA2011.
LouiseWeirLONDON (Sep 16, 2009 12:36:23 PM)
Hi Linda - we understand that being admitted to the School is only the start of the students career journey, but assessing short and long term career goals is important at an early stage, so that we can effectively support students for graduation two years down the line.
Aspirant (Sep 16, 2009 12:36:25 PM)
Erik & Vlad: Which are the most popular student's clubs at LBS? Can you briefly explain the scope of student engagement in club activities?
Nitish Kaul (Sep 16, 2009 12:36:27 PM)
Some student clubs do not seem to be as active as others. How does one differentiate? At LBS, does each club make presentations to the new class? Can we choose clubs in the middle of the year?
Linda Abraham (Sep 16, 2009 12:37:10 PM)
Louise, it makes sense, but I think it is an aspect of the application that applicants sometimes overlook or don't want to look at.
Nitish Kaul (Sep 16, 2009 12:37:19 PM)
David, how does the Automobile industry in Europe make its selections for Marketing profiles? To date, I have not come across big auto players in the "Recruiters" list of the top B schools!
OliverAshbyLONDON(Sep 16, 2009 12:38:08 PM)
Gustavo- We have 16 Brazilian nationals this year. The class make up is around 12% Latin Americans as a whole.
rahmummba (Sep 16, 2009 12:38:23 PM)
Oliver: I wanted to know LBS's take on people pursuing a 2nd MBA degree.
LouiseWeirLONDON (Sep 16, 2009 12:38:24 PM)
Great point Linda - and that is why we really do ask students to self assess and look beyond their business school program. Knowing where you want to be in 2 years time will help us to get you there - one of the key components of our training development program.
VladGudovLONDON (Sep 16, 2009 12:39:08 PM)
Nitish: Indeed, some clubs are more active than others, it is, after all, a matter of how they want to market themselves and attract interest from the student community. Many clubs will organize kick-off sessions at the beginning of the year. That being said, if there is a student club that has been "dormant" for a while, that you would like to see "revived", you can see it as an opportunity and lead that effort yourself!
Gustavo (Sep 16, 2009 12:39:13 PM)
Current students: What do you think about the facilities London Business School provides (Library, IT, study rooms, etc.)?
GameTheory (Sep 16, 2009 12:39:26 PM)
Hannah: Do you know when you plan to post the class profile and employment reports this year?
DavidMorrisLONDON (Sep 16, 2009 12:39:49 PM)
Nitish: The automobile industry is going through large changes and has been impacted considerably with the economic downturn. However, Jaguar- Land Rover is one company that does come to campus to our Careers Fair. We have also had companies such as BMW and Volkswagen looking to recruit students onto short term projects.
Erik_MBA2010 (Sep 16, 2009 12:40:05 PM)
Aspirant: As Co-President of the club, I'm proud to say that the Consulting Club is one of the popular! Additional clubs that receive new first-year members are: The rugby club, finance club, industry club, football club, private equity club, Korea club, and Japan club. Students run all of the clubs and set the club agendas each year. Specific details vary by club, but professional clubs concentrate on skills development and bringing companies to campus while sports clubs will focus on organizing practice and off-campus sporting events.
OliverAshbyLONDON (Sep 16, 2009 12:40:09 PM)
Rah- It would really depend on the individual circumstances. If you are applying and have already completed an MBA, be sure to give detail on why you would like to come to London Business School to do another.
HannahSmithLONDON (Sep 16, 2009 12:40:32 PM)
GameTheory: The data is collated at the end of October and the reports will be published in November.
vivek (Sep 16, 2009 12:41:07 PM)
Hi Oliver: I have obtained my Engineering degree in English. Does LBS ask for any kind of proof regarding this? How will I show that my 4 years engineering course was in English? Do I need to get something from my college to verify this?
Aspirant (Sep 16, 2009 12:41:31 PM)
Erik & Vlad: Besides building great bonds with your group members, what is your greatest takeaway from your first year study groups?
Erik_MBA2010 (Sep 16, 2009 12:41:38 PM)
Gustavo: Many of London Business School facilities have gone through a recent renovation. Specifically, the library and dining facilities have received a pretty fantastic upgrade. Additionally, the campus now has a dedicated student center (the Taunton Centre) that includes an updated gym, library, and student areas.
Shruti (Sep 16, 2009 12:42:03 PM)
Hi Erik - I had a particular question regarding the Consulting Club that I sent to the generic email address listed on the Student Association website. Who can I follow up with regarding a response?
aditya (Sep 16, 2009 12:42:11 PM)
David: What percentage of students typically goes towards entrepreneurship immediately upon graduating?
GameTheory (Sep 16, 2009 12:42:27 PM)
Oliver: What percentage of your applicants is from the U.S.? What makes U.S. applicants successful or unsuccessful in the admissions process?
Linda Abraham (Sep 16, 2009 12:42:44 PM)
Phillipa: We are a few weeks away from London Business School's next application deadline (October 7th). What advice would you have for applicants aiming to submit then?
OliverAshbyLONDON (Sep 16, 2009 12:43:11 PM)
Vivek - Please see our website regarding 'English Language ability'.
Erik_MBA2010 (Sep 16, 2009 12:43:32 PM)
Shruti: Apologies that we haven't responded sooner, but as the summer has been coming to a close and the job search is getting underway, things have been pretty busy! I'll look for your email now and reply either tonight or tomorrow.
Nitish Kaul (Sep 16, 2009 12:43:55 PM)
How does starting a new club work at LBS? What support do we get from the school and faculty?
Nitish Kaul (Sep 16, 2009 12:44:10 PM)
Oliver: How much importance is given to extra-curricular activities and how is it judged looking at the application?
VladGudovLONDON (Sep 16, 2009 12:44:18 PM)
Aspirant: In my case, one takeaway was learning how to take on different roles within the group and not only being project leader. Another great learning experience was being exposed to people from such amazingly different backgrounds. In my study group there was a brand expert from New York, a banker from Mexico, a Formula 1 engine-maker from France, a media-focused investment banker from India, and a Middle East affairs consultant from the UK.
Gustavo (Sep 16, 2009 12:44:38 PM)
Thanks, Erik. Is there any website where I can find additional information regarding the consulting club?
rahmummba (Sep 16, 2009 12:44:58 PM)
Vlad and Erik: How many club activities can one realistically participate in during the LBS stay?
DavidMorrisLONDON (Sep 16, 2009 12:45:31 PM)
Aditya: We are seeing more students interested in entrepreneurship. Typically this will be on a project/internship basis.
OliverAshbyLONDON (Sep 16, 2009 12:46:34 PM)
Nitish - we are really looking for applicants who want to immerse themselves in the London Business School community. Therefore it is helpful to mention any extra curricular activities you undertake and also mention if you would like to carry them on at School, perhaps in one of the many clubs.
PhillipaHainLONDON (Sep 16, 2009 12:46:58 PM)
Linda: If applicants are applying to a number of schools then they should make sure they know why they want to attend London Business School, what it is specifically about our MBA program. The GMAT score should be between 600-800 and if the applicant has not achieved this then it is wise to inform us when you will be retaking the GMAT. Select references carefully, try and select people who can provide us with information on your strengths and weaknesses.
Erik_MBA2010 (Sep 16, 2009 12:47:11 PM)
Gustavo: Check out the (somewhat generic) website that we have on the London Business School Student Association webpage. If you have any specific questions, you could send them to the consulting club email address (email@example.com), or feel free to ask them here.
Linda Abraham (Sep 16, 2009 12:47:19 PM)
Phillipa: What is the process for re-applicants? Any advice?
Aspirant (Sep 16, 2009 12:47:32 PM)
Oliver, I understand that international students on a student visa can work 20 hours a week as a way to fund their course. Is this common with LBS students?
VladGudovLONDON (Sep 16, 2009 12:47:36 PM)
Nitish: Starting a club is fairly easy. There are obviously gateways and rules that have to be respected/passed in order for a club to receive the full status from the Student Association, but, yes, the wider community, whether it is fellow students or school staff, or faculty, as long as you can get them excited about your idea, would pitch in. I actually have two examples of clubs that were started this year, and I am involved with one of them (The Volunteering Club).
aditya (Sep 16, 2009 12:48:02 PM)
Can you tell me some details about the activities conducted by the entrepreneurship club this year? How is it different from the active start up club?
Erik_MBA2010 (Sep 16, 2009 12:48:18 PM)
Nitish: Building upon Vlad's answer, starting a new organization on campus is pretty easy. Anyone can start a discussion group which can then become a society and then a club after it attracts enough members and hold enough events.
PhillipaHainLONDON (Sep 16, 2009 12:48:28 PM)
Linda: Generally speaking, a re-applicant should be able to clearly highlight significant change to the Admissions Committee. An improved GMAT, a promotion, application essays or a new business venture are some examples of the areas in which a re-applicant can look to improve their profile. MBA applicants need to prove they are dynamic and all round achievers in the business world. They will also need to find a new way to showcase their achievements, possibly using more recent and relevant examples.
aditya (Sep 16, 2009 12:48:40 PM)
Phillipa: What percent of the admits has typically worked in a country other than their native one before joining?
Linda Abraham (Sep 16, 2009 12:49:20 PM)
Phillipa, what role does the previous application play? Do you review it or just the notes from last year's evaluation?
OliverAshbyLONDON (Sep 16, 2009 12:49:45 PM)
Aspirant - generally we do not advise working part time during your course (aside from internship work/second year project). The MBA program is very intense both in terms of academics and social activities. Working part-time could mean that you miss out on some of the many fantastic opportunities available to you during your time here.
Nitish Kaul (Sep 16, 2009 12:49:56 PM)
Oliver: So basically, extracurricular activities have to be mentioned in the application. Are proofs of past experience required for this?
Linda Abraham (Sep 16, 2009 12:50:22 PM)
David, any special advice for those wanting to return to homes outside the EU?
DavidMorrisLONDON (Sep 16, 2009 12:50:33 PM)
Aditya: Two key events the Entrepreneurship Club hosted this year were their annual summit, where they had speakers such as Brent Hoberman as a keynote, and their Meet the Entrepreneurs event where they had over 30 entrepreneurs from companies at various stages of funding attend to meet with students and discuss their businesses, the markets, and their experiences.
PhillipaHainLONDON (Sep 16, 2009 12:50:37 PM)
Aditya: Obviously this statistic changes year to year and a number of our students do have international experience. However, we also have students who join us having only worked in their home country. Both experiences are valuable to the class and we look to recruit a diverse class in terms of nationality and professional experience so we do not have a preference.
Linda Abraham (Sep 16, 2009 12:50:51 PM)
Phillipa, how do you use the interview in the admissions process?
OliverAshbyLONDON (Sep 16, 2009 12:51:30 PM)
Nitish, it is certainly something that should be mentioned in the application. It may be relevant to the 'clubs' essay question if your extra-curricular activity is something you would like to continue at School.
PhillipaHainLONDON (Sep 16, 2009 12:51:38 PM)
Linda: We will compare the applications so re-applicants should be aware that if they use the same essays, we will know. It helps us to understand whether the applicant has attempted to improve their profile since the last application.
Nitish Kaul (Sep 16, 2009 12:51:47 PM)
Phillipa: What percentage of the candidates interviewed gets the final call?
Linda Abraham (Sep 16, 2009 12:52:26 PM)
Phillipa, I am gathering that you recommend against re-using verbatim the same essays in a reapplication. Correct?
Gustavo (Sep 16, 2009 12:53:08 PM)
Vlad: Can you brief us on your daily routine among your first year student group? Any highlights?
rahmummba (Sep 16, 2009 12:53:13 PM)
Erik: Realistically, how many clubs can a student at LBS be a member of?
PhillipaHainLONDON (Sep 16, 2009 12:53:18 PM)
Linda, the interview helps the AdCom to learn more about the candidate's personality and whether they are the right fit for London Business School. Our alumni conduct the interviews for us around the world and of course, who better to judge this than those who have graduated from London Business School?
Linda Abraham (Sep 16, 2009 12:54:10 PM)
Phillipa: What would your advice be to applicants working towards a January 6th or later submission?
DavidMorrisLONDON (Sep 16, 2009 12:54:31 PM)
Linda: We will work with students on their career journey, helping them to build a strategy to target where they would like to work (i.e. companies, industries, and locations). From here, we would encourage students to build local networks in the companies and locations they are interested in through alumni contacts, linkedin and the clubs on campus.
PhillipaHainLONDON (Sep 16, 2009 12:54:54 PM)
Nitish: The admissions process is very competitive and getting through to the interview stage is only part of this. We will look at your application again after interview before making a final decision.
PhillipaHainLONDON (Sep 16, 2009 12:55:18 PM)
Hi Linda, correct re-applicants should not re-use essays.
Aspirant (Sep 16, 2009 12:55:32 PM)
Oliver: Historically, is there a significant difference in the number of applications received in Stage 1 and Stage 2? All else being the same, is applying in Stage 1 an advantage ?
VladGudovLONDON (Sep 16, 2009 12:56:12 PM)
Gustavo: I guess there are two distinct moments in the life of any study group. The first part consists of people getting to know each other and learning how to best work with one another. The second part is when the study group performs the best: roles have been established, everybody knows how to constructively and efficiently interact with one another, etc. I would say the routine varies --during the first stage, study groups tend to meet up a lot, spend long hours debating/discussing. As the year goes along, and recruiting starts becoming an important part of each student's life, meetings will tend to be shorter & more efficient, and projects are done quicker, etc.
Erik_MBA2010 (Sep 16, 2009 12:56:18 PM)
Rahmummba: Students can sign up for as many clubs as they would like to be a part of. The extent to which students become involved in clubs definitely varies (i.e.: not everyone applies for a leadership position), although theoretically, you could be involved in quite a few. In my personal experience, I am a member of the Consulting Club, Finance Club, Turnaround Management Club, Sailing Club, and Rock and Mountain Club although I am only particularly active in the Consulting, Turnaround Management, and Sailing Clubs.
Nitish Kaul (Sep 16, 2009 12:56:46 PM)
Erik or Vlad: Is it true that Lecturer Rao's CPM class at LBS is discontinued? The syllabus seemed very interesting.
Aspirant (Sep 16, 2009 12:56:57 PM)
Oliver, since you mentioned Linkedin, I can't help but ask: Does the AdCom look at any sources of information about an applicant other than the submitted application and LORs? Social networking sites or blogs for instance.
VladGudovLONDON (Sep 16, 2009 12:57:33 PM)
Nitish: I don't know off the top of my head, but please shoot me an email and I would gladly look into it.
PhillipaHainLONDON (Sep 16, 2009 12:57:43 PM)
Linda: We advise applicants to apply in the first 3 stages of admissions. There are still places left at Stage 4, but it is somewhat more competitive and admits from this stage are not eligible for scholarships. Stage 2, the January deadline, is the largest stage of all, so again I would just suggest that applicants have ensured that they have a strong application and explain any problems.
OliverAshbyLONDON (Sep 16, 2009 12:57:51 PM)
Aspirant - Applying at stages 1,2 and 3 are all equal in terms of advantage. Only stage 4 can become slightly more competitive. In short there is no difference whether you apply at stage 1 or 2.
Nitish Kaul (Sep 16, 2009 12:58:12 PM)
Cost is a major concern for resident Indians. How does paying back the loans work if one takes up a job outside the UK? It seems quite heavy.
LeeLee (Sep 16, 2009 12:58:58 PM)
Oliver and Phillipa, do you know the answer to this Masters in Finance question: I have CFA Charter, will this balance the low GMAT score -670?
Linda Abraham (Sep 16, 2009 12:59:51 PM)
Lee, you may also want to look at the transcript from last year's MiF chat.
OliverAshbyLONDON (Sep 16, 2009 12:59:52 PM)
Aspirant - The Admissions Committee uses applications alone as a basis for decisions. Therefore it is important to only submit your application once you are completely satisfied with it.
jose (Sep 16, 2009 1:00:09 PM)
Oliver: One of my recommendation letters will be from a direct superior and for the second, as I am a consultant, does the Adcom value more a recommendation letter from a business client or from a NGO client? (In this case, the client was someone I found myself and was the first pro-bono project ever done by my consultancy firm in my geographic area; moreover, NGO support has a lot to do with my work life.)
OliverAshbyLONDON (Sep 16, 2009 1:00:17 PM)
Jose: When choosing your recommenders it is important that you trust them to give us detail on attributes that would make you a strong MBA candidate. So choose the one with whom you feel most comfortable.
rahmummba (Sep 16, 2009 1:00:18 PM)
Erik: In order to be involved in a club, do you need to show prior experience of that activity? For example, there are some sports I have always longed to learn & practice. Would not knowing them preclude me for being a part of that club?
Aspirant (Sep 16, 2009 1:00:26 PM)
Phillipa: With around 3 weeks to go for the Stage 1 deadline, what would your advice be towards making a stellar application?
VladGudovLONDON (Sep 16, 2009 1:01:24 PM)
Nitish: I know many LBS alumni who were able to repay their loans without staying to work in the UK. It may not happen right away, but for example, the HSBC loan has a 7-year reimbursement period, therefore plenty of time to repay it.
PhillipaHainLONDON (Sep 16, 2009 1:01:32 PM)
Nitish: Researching your financing options for a MBA at a top B-school is very important for all students. Most of our students take out a loan with HSBC and around 25% of every class will receive a scholarship from us. You can learn more about financing options on our website.
PhillipaHainLONDON (Sep 16, 2009 1:01:48 PM)
Hi Aspirant, a few things can make an applicant stand out. Obviously the GMAT is one, an exceptionally high GMAT can help and may also balance out weaknesses in an application - such as academics.
OliverAshbyLONDON (Sep 16, 2009 1:01:52 PM)
LeeLee- Generally the application process is holistic and therefore a whole variety of attributes will be looked at, not solely a GMAT score. I would consult the MiF admissions page.
Erik_MBA2010 (Sep 16, 2009 1:01:59 PM)
Rahmummba: No, the clubs are open to anyone. For example, although I just learned how to sail earlier this year, I'm already planning on taking part in several regattas and international sailing treks over the next few months. Additionally, the consulting club is open to all members of the London Business School community.
Linda Abraham (Sep 16, 2009 1:02:46 PM)
Thank you again all for participating today. Special thanks to Phillipa, Oliver, David, Louise, Hannah, and Vlad & Erik for answering all these questions.
Sept. 24: Notre Dame Mendoza
Oct. 1: Columbia Admissions Q&A
Oct. 12: Cornell Chatter
Oct 14: NYU Stern Admissions
Oct. 20: Consortium Application Strategies
Nov 5: Kellogg Q&A
Nov 11: London Business School MIM
For details, please visit our chat schedule page. Good luck with your applications!
LouiseWeirLONDON (Sep 16, 2009 1:02:56 PM)
VladGudovLONDON (Sep 16, 2009 1:03:03 PM)
Thank you, Linda!! Bye!
Aspirant (Sep 16, 2009 1:03:14 PM)
aditya (Sep 16, 2009 1:03:17 PM)
DavidMorrisLONDON (Sep 16, 2009 1:03:18 PM)
Aspirant (Sep 16, 2009 1:03:20 PM)
HannahSmithLONDON (Sep 16, 2009 1:03:24 PM)
Thanks. Good luck everyone!
Linda Abraham (Sep 16, 2009 1:03:29 PM)
Gustavo (Sep 16, 2009 1:03:37 PM)
Thank you all!
rahmummba (Sep 16, 2009 1:03:39 PM)
Linda Abraham (Sep 16, 2009 1:04:15 PM)
Good luck with your applications!
OliverAshbyLONDON (Sep 16, 2009 1:06:54 PM)
Thank you all for your questions.