Please feel free to let us know if you would like to be informed of future chats by sending e-mail to firstname.lastname@example.org. We would also be interested in knowing if you would prefer a different format or different topics.
Linda Abraham (Dec 7, 2009 12:00:00 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 for London Business School’s Round 2 deadline on January
6th , preparing for your London Interview or 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:
Welcome to our chat new-comers and veterans. Thanks to everyone for joining.
LBS Fan (Dec 7, 2009 12:02:15 PM)
Oliver: Thanks for the opportunity. Besides my main focus on business,
I am interested in public policy. What initiatives at LBS or the
University can a full-time LBS MBA student look forward to?
Doctor Manhattan (Dec 7, 2009 12:02:47 PM)
Phillipa: In a previous Accepted.com chat (early last year with Peter
Johnson and Zoë McLoughlin), it was mentioned that as a rough benchmark,
you will call about 30% of all applicants for interviews and then
accept about 70% afterwards for final offers. This translates into a
rough rate of about 21%. Since this chat, my research into other
transcripts has indicated that you do not actually set rough targets,
but drift with the strength of the applicant pool. Can you please
clear this up by indicating, in general, the percentage of those who
get called for interviews, the percentage of those accepted after
interviewing, and what your general acceptance rate is? Thanks!
Linda Abraham (Dec 7, 2009 12:03:32 PM)
Hannah, how is recruiting going for the class of 2010?
Linda Abraham (Dec 7, 2009 12:04:19 PM)
Damien, Gabriel & Erik: What do you like best at London Business School? What would you like to see improved?
OliverAshbyLONDON (Dec 7, 2009 12:04:52 PM)
LBS Fan: We have an active Business in Government Club who organise a
number of events on campus and also provide opportunity to network
across the London Business School Community with individuals also
interested in public policy.
HannahSmithLONDON (Dec 7, 2009 12:05:27 PM)
Linda: It's still very early to report anything on the MBA2010
recruitment, but there has been a lot of interview activity during this
past autumn term and offers are being made.
Linda Abraham (Dec 7, 2009 12:05:49 PM)
Hannah, That's great to hear.
Fehride (Dec 7, 2009 12:06:03 PM)
Oliver: I have heard that on average, consulting candidates have a
higher GMAT score than applicants with other sector backgrounds. What is
an average GMAT score for applicants with a consulting background and/or
PhillipaHainLONDON (Dec 7, 2009 12:06:46 PM)
Doctor Manhattan: The statistics change depending upon the strength of
the applications, that is correct. We look at the strength of the
individual, not the number of applications. My suggestion to any
applicant it to put forward the strongest profile possible including
GMAT, undergraduate, work experience and your essays – why you want to
come to London Business School and why an MBA? For more information on
this please visit our website.
KingNothing (Dec 7, 2009 12:07:17 PM)
Phillipa: I will have 4.5 yrs of experience by the time the course
starts. Is this considered par for course? And how important is actual
international travel? I work daily with multiple teams from across the
world...does that count?
GabrielMasLONDON (Dec 7, 2009 12:07:48 PM)
Linda: What I like best about the London Business School is most
certainly the people. This is what has impressed me the most. What
could be improved: I sometimes feel that I could go in more depth in
some of the core courses, but I know that in the second year I will be
able to take those electives that interest me most, and go into
more depth in those areas.
OliverAshbyLONDON (Dec 7, 2009 12:08:04 PM)
Fehride: Our average GMAT score for the class of MBA2011 is 697. I
wouldn't associate a particular level of score with any particular
industry. All London Business School students require a competitive
GMAT score (above 600) to be admitted.
Fehride (Dec 7, 2009 12:08:12 PM)
Oliver: It’s more of a technical question: Does the server have any history of playing up towards the deadline?
DamienStaplesLondon (Dec 7, 2009 12:08:48 PM)
Linda, The diverse student body, fantastic clubs, strength of the
faculty and the fact that we have a pub attached to the campus are all
wonderful aspects of studying at LBS! Classes have been challenging and
insightful, I've met many very talented people and have had a great
deal of fun. Opportunities for improvement - little more flexibility in
term 1 schedule would have been great!
Linda Abraham (Dec 7, 2009 12:09:28 PM)
Hannah, do you see any industries as being particularly active in recruiting LBS graduates and interns this year?
OliverAshbyLONDON (Dec 7, 2009 12:10:07 PM)
Fehride: Historically we have not experienced difficulties, but we would
recommend submitting your application in good time for the deadline in
case you experience any IT-related issues.
Niranjan (Dec 7, 2009 12:10:30 PM)
Hi Oliver & team, I would like to know about the opportunities for
entrepreneurial studies and entrepreneurship at London Business School. Specifically: 1) Networking Opportunities (in terms of
industrial networking) 2) Help provided by the school post-MBA in
start-up 3) Success stories of past from the school.
Linda Abraham (Dec 7, 2009 12:11:11 PM)
Erik: Could you tell us a little about your Second Year Consulting Project? I understand you actually get paid for this work?
PhillipaHainLONDON (Dec 7, 2009 12:11:34 PM)
King Nothing: Your work experience will be evaluated by quality, not the
number of years. On average our students have just under 6 years, but
the range begins at 2 years.
It is important to point out international experience, but it is not a
requirement. As you would be studying in a multicultural environment it
would be wise to use this experience in your essays.
Doctor Manhattan (Dec 7, 2009 12:12:02 PM)
Phillipa: Can you indicate what role the alumni interview plays in the
application process? Is it to confirm the quality of the applicant’s
image on paper? Is it to determine how well an applicant performs under
stress? Is it to ascertain fit for the London Business School
community? Or is it to discover any red flags that would lead the
Admissions Committee to ultimately deny an applicant a spot in the
programme? Will an average interview hurt an otherwise stellar
application? Will a strong interview boost a below-average application?
What are your thoughts?
Tania (Dec 7, 2009 12:12:25 PM)
Damien, Gabriel & Erik: What electives are the most popular at LBS and which professors do students consistently recommend?
GabrielMasLONDON (Dec 7, 2009 12:13:26 PM)
Tania: I am still in my first year. But I'm sure Erik can elaborate...
ErikWilterdingLONDON (Dec 7, 2009 12:13:57 PM)
Niranjan: In addition to Oli's response, you also have one core course
geared towards entrepreneurship, Discovering Entrepreneurial
Opportunities. Although I'm looking to pursue a career in Strategy
after LBS, this was one of my favorite courses and was principally
about how to identify the needs of a given market.
Shivani (Dec 7, 2009 12:14:38 PM)
Erik: I am interested in learning more about the Entrepreneurship
Summer School. In particular, I know the summer is quite important for
doing internships. Do most people taking part in the Entrepreneurship
Summer School do summer internships as well?
HannahSmithLONDON (Dec 7, 2009 12:14:41 PM)
Linda: The intern recruitment for MBA2011 really kicks off in January,
so it is too early to tell for them. In terms of the internships that
the MBA2010 class did, they were across all sectors -
Finance, consulting and industry. There was an increase with those going
into internet/technology companies such as Google and some interesting internships with the Olympic games organising committee. 38% of
internships for the MBA2010 class were in Finance.
ErikWilterdingLONDON (Dec 7, 2009 12:15:29 PM)
Linda: Per the Second Year Consulting Project, I'm still looking for a
company with whom to work. A few friends and I have formed a team, and
we have contacted several firms that we'll be following up with next
week. All-in-all, however, this should be a great opportunity to work
with an external company.
PhillipaHainLONDON (Dec 7, 2009 12:15:58 PM)
Doctor Manhattan: All of the above. We use the interview to ascertain
all of the areas you mentioned. And yes, someone with an excellent
profile on paper may not be the right fit for London Business School
and vice versa, someone who did not seem as impressive on paper may
well deliver in person. It is important to be yourself and remember
that the interview works two ways, this is also the candidate’s
opportunity to learn more about the School and the alumni network.
OliverAshbyLONDON (Dec 7, 2009 12:16:08 PM)
Hi Niranjan: Entrepreneurship is an extremely important element of the
London Business School experience. We have a Centre for Entrepreneurship, bringing top faculty to School. Our alumni network
consists of a huge range of entrepreneurs like Tony Wheeler, the founder
of the Lonely Planet, who recently gave a multi-million pound donation
to the School for a dedicated Entrepreneurship Chair. The School hosts
frequent entrepreneurial competitions on campus including the recent
Global Security Challenge for Start-ups in the military arena.
Fehride (Dec 7, 2009 12:16:12 PM)
Oliver: In my country, only a couple of LBS alumni are represented and
one of them is my co-worker, which I am not sure will be un-biased, if
he is to interview me. Is there any way I could let the admissions
committee know about this circumstance so that I am interviewed by an
KingNothing (Dec 7, 2009 12:16:39 PM)
Thanks a lot Phillipa. I was trying to understand whether having
international experience in the form of actual travel to other
countries is a prerequisite. Also, will it make or break an otherwise
ErikWilterdingLONDON (Dec 7, 2009 12:16:40 PM)
Shivani: The ESS is very popular, and you need to formally apply and be
accepted into it. That said, some people that are accepted also do an
internship, although this is a relatively small population given the
amount of course work that you will have to do.
ErikWilterdingLONDON (Dec 7, 2009 12:17:47 PM)
Tania: some of the more popular electives are: Managing Corporate
Turnarounds, Project Management, Financial Statement Analysis,
Corporate Strategy, New Venture Development, and Advanced Corporate
OliverAshbyLONDON (Dec 7, 2009 12:18:35 PM)
Fehride: If shortlisted to interview, in order for the process to be
entirely fair, the Recruitment & Admissions Team ensure that the
interviewer and interviewee do not know each other. We will check this
before arranging the interview.
PhillipaHainLONDON (Dec 7, 2009 12:18:42 PM)
King Nothing: Some of our students have experience from a number of
different countries but there are also students who have only studied
and worked inside their home country. Both profiles can add significant
value to class discussion. The quality of the work experience is what
we look for.
Tania (Dec 7, 2009 12:18:46 PM)
Oliver: I hold dual-citizenship from a Caribbean country and Canada.
Are there any students from the Caribbean? If so, in the past two
years, about how many students on average hold citizenship from an
English-speaking Caribbean country? How about Canada?
Doctor Manhattan (Dec 7, 2009 12:19:13 PM)
Phillipa, we’ve got 9 gut-wrenching days left to final Stage 1
decisions! You were kind enough to let us know about short-listed
(interview) decisions a day early. Will you adopt the same practice for
the final decision and begin sending out notices on Tuesday, December
15th? What is the earliest time we can expect to hear our final
decisions? What is the absolute latest time on Wednesday, December 16th
(London time) we can expect to hear back? Just wanted to add that I
thoroughly enjoy the more humane process London Business School adopts
by releasing all decisions on one day, as opposed to other processes
that roll them out over a month or even longer! I interviewed for Stage 1 and am anxiously awaiting the final decision! Thanks!
KingNothing (Dec 7, 2009 12:19:47 PM)
Thanks Phillipa. That was really helpful and encouraging!!
Linda Abraham (Dec 7, 2009 12:20:09 PM)
Damien, Gabriel & Erik: The school web site touts the London
Advantage. What does that mean to you as a student at London Business
DamienStaplesLondon (Dec 7, 2009 12:21:08 PM)
All, while waiting for the next round of questions I thought I'd tell
you all about last Saturday evening. Each year at LBS the Student
Association organizes a Santa Pub Crawl around London. This basically
involves ~450 current students from a broad range of London programs
roaming around London dressed in Santa costumes. For an hour and a
half last Saturday I was standing in Piccadilly Circus with 150 of
my Santa colleagues singing Christmas carols to an audience of more than
200 people. It was a sight to see! All part of the London experience!
Linda Abraham (Dec 7, 2009 12:21:34 PM)
Thanks Damien! Were you on key?
DamienStaplesLONDON (Dec 7, 2009 12:21:56 PM)
I have perfect pitch, of course! :)
KingNothing (Dec 7, 2009 12:22:02 PM)
Hannah: With so many football clubs in London, I am really interested
in perhaps working for one of them post my MBA. What are the chances of
this? Have any previous students landed such jobs?
KingNothing (Dec 7, 2009 12:22:35 PM)
Hahaha -- wonderful Damien! It just makes me want to go to London Business School even more!
PhillipaHainLONDON (Dec 7, 2009 12:22:39 PM)
Doctor Manhattan: Congratulations on making it to interview, and I am
glad to learn that you have enjoyed the process. We would aim to have
all decisions sent out at the latest by midnight Wednesday, 16
December. Unfortunately, I cannot give you an exact time.
samiurtalukder (Dec 7, 2009 12:22:56 PM)
Phillipa: I would like to know if LBS has exchange partnership
programs with U.S. Business Schools, for example, Yale, or NYU, among
others. I would also appreciate if you could share a little bit more
about such opportunities - do most students return to the U.S. after the
exchange program, or do they pursue employment opportunities in the UK? How feasible and practical is the latter if that's the case for
OliverAshbyLONDON (Dec 7, 2009 12:22:57 PM)
Tania: We currently have 12 Canadian students on MBA2011. While we do
not currently have Caribbean students, we have admitted students from
the Caribbean in the past.
Fehride (Dec 7, 2009 12:23:04 PM)
Oliver: How important is it to mention it in the essays that I have
talked to LBS alumni and am particularly interested in a particular
MaryFerreiraLONDON (Dec 7, 2009 12:23:28 PM)
Niranjan: I know that Oliver and Eric have outlined some of our
entrepreneurial opportunities which run through student and alumni life
from things such as student involvement in the Global Social Venture
Competition (London Business School is one of the organisers) through
to work carried out by Sussex Place Ventures which helps provide seed
capital and access to development finance. We have a helpful link on
our website which outlines just some of the entrepreneurial activity across London Business School.
GabrielMasLONDON (Dec 7, 2009 12:23:47 PM)
Linda: Being in London has many advantages. On the one hand, we
continuously get excellent speakers across a range of industries on
campus. Being in London is definitely a reason for this. Similarly, I
am confident that being in London, close to potential employers, helps
in recruiting. Finally, and no less important, London is just a great
city to live in! It's fun and full of cultural activities.
Doctor Manhattan (Dec 7, 2009 12:24:24 PM)
Thanks, Phillipa! Hopefully, I can last till the 16th!
Doctor Manhattan (Dec 7, 2009 12:24:44 PM)
Hannah: When top firms, whether from Finance (like Goldman Sachs),
Consulting (like McKenzie), and Industry (like Google), recruit on
campus, is it true they weed out applicants in their initial screening
by automatically eliminating those with GMAT scores below 700? I’ve
heard credible instances of this on numerous occasions in American
Schools (some even say 720 is a benchmark for getting in the door at
these firms!) and wondered if this experience was true at London
ErikWilterdingLONDON (Dec 7, 2009 12:24:52 PM)
KingNothing: Just a quick note that one of my very good friends, and
fellow Student Ambassador, Parminder Basran, is formerly a professional
footballer and is looking to move into a sports-oriented private equity
fund. Although it's an unusual post-MBA destination, he's made some
great connections in this area, and it's looking like he'll be
KingNothing (Dec 7, 2009 12:24:57 PM)
Agree with Doc Manhattan.....the wait is excruciating!
OliverAshbyLONDON (Dec 7, 2009 12:25:42 PM)
Fehride: We always stress that it is vital to pick the right school for
you. At London Business School we are looking for students who really
want to come to our School specifically. Research like you mentioned
shows a commitment and also means your choice to apply was made
KingNothing (Dec 7, 2009 12:26:05 PM)
Oliver: Regarding scholarships, can a student qualify for multiple
scholarships? What is the maximum amount a student has managed to get
from London Business School scholarships?
OliverAshbyLONDON (Dec 7, 2009 12:26:19 PM)
Linda Abraham (Dec 7, 2009 12:26:22 PM)
Damien, Gabriel & Erik: What attracted you to London Business School? Has your experience met your expectations?
DamienStaplesLondon (Dec 7, 2009 12:26:28 PM)
Linda, the London Advantage = Diversity, Fun, Exceptional Learning,
Doorstep access to Fortune 500, access to internships and exchange
programs with top institutions all over the globe. It means, Rugby,
Cycling, Rowing, Tennis and just about every other sport you'd want to
play! Bottom line, the London Advantage is what you make of it!
Linda Abraham (Dec 7, 2009 12:26:44 PM)
KingNothing (Dec 7, 2009 12:26:52 PM)
WOW - thanks Erik! That's encouraging. I am no professional, but am a
huge Manchester United fan. Working at a football club would
hence be a dream. (Even it happens to be Chelsea! I draw the line at
HannahSmithLONDON (Dec 7, 2009 12:26:54 PM)
KingNothing: We have had students in the past that have done projects
with Arsenal football club and the career services team holds
relationships with organisations from many different industries.
Mihir (Dec 7, 2009 12:27:26 PM)
Hannah: How is the CleanTech activity at LBS - activity clubs, internships & recruitment, etc?
PhillipaHainLONDON (Dec 7, 2009 12:27:31 PM)
Samiurtalukder: We exchange with around 30 schools worldwide and most
of the top US schools, including NYU Stern. I am not sure about how
many of those return, but our graduating students pursue opportunities
all over the world. We have a very strong alumni network in the US, so
many do move back across the pond. I think the chances will depend upon
the individual. Hannah will be able to add more about the recruitment
efforts in the US.
GabrielMasLONDON (Dec 7, 2009 12:27:54 PM)
Let me tell you about my study group: We are a Brazilian consultant, an
American who worked at a pharmaceutical company, a Mexican Banker, an
Indian who worked at a private equity house, an Australian
entrepreneur, and myself. At the beginning it took some time to learn
to work for each other. I have to say though that we have become good
friends, and I think we’re doing good work as well. This is a great
part of the MBA program.
ErikWilterdingLONDON (Dec 7, 2009 12:27:54 PM)
Linda: I came to LBS for several reasons, although chief among them
were the opportunity to work internationally after business school and
the opportunity to strengthen my understanding of accounting and
dana (Dec 7, 2009 12:28:45 PM)
Could you speak more about the finance courses offered at LBS? I really
want to do portfolio/ asset management and I was wondering how strong
LBS is in that area. Thank you!
ErikWilterdingLONDON (Dec 7, 2009 12:28:56 PM)
KingNothing: Glad to see that you have such good taste in football. I
went to a few Man U games last year, and they were fantastic!
britt (Dec 7, 2009 12:29:04 PM)
Phillipa: Hello! I'm currently enrolled in a full-time MBA program in
the US, however I'm interested in participating in study abroad program
with LBS. What options are available to current MBA students? How would
I go about applying to the study abroad program?
OliverAshbyLONDON (Dec 7, 2009 12:29:09 PM)
KingNothing: A student can apply to multiple London Business School
scholarships, but can only take one. If offered two awards, the student
may choose which they would like to receive. Our largest award is the
MBA25 award, donated by the Class of MBA 25 and provides £50,000.
Niranjan (Dec 7, 2009 12:29:13 PM)
Thanks Oliver, I will check about the entrepreneurship center. Does
someone with a family business background stand an extra-edge over
others in his application?
HannahSmithLONDON (Dec 7, 2009 12:30:02 PM)
Doctor Manhattan: There are certainly occasions when people have been
hired by these firms from London Business School with GMATs of less
DamienStaplesLondon (Dec 7, 2009 12:30:03 PM)
Linda, the people and the culture attracted me to London business
school - students here represent more than 60 nations providing us with
an exceptionally global network after graduation. The community is also
very 'real', and the people are genuine which makes it a pleasant
KingNothing (Dec 7, 2009 12:30:10 PM)
Thanks Hannah. I did read about a student's Arsenal auditing project. But is anything non-finance?
OliverAshbyLONDON (Dec 7, 2009 12:30:38 PM)
Niranjan: Not necessarily, it very much depends on the individual
experience. We do value family business experience and have an active
Family Business Club on campus.
dana (Dec 7, 2009 12:30:43 PM)
Oliver: How important is it to have seen the school or spoken to alumni/recruiters from LBS?
PhillipaHainLONDON (Dec 7, 2009 12:30:48 PM)
Britt: The best thing to do is contact the programme management team at
your current school. They will be able to tell you whether they have
places at London Business School and how you can apply.
Doctor Manhattan (Dec 7, 2009 12:30:53 PM)
Phillipa: Have you confirmed what the fees for the August, 2010 intake
will be? I know they currently stand at 45,500 GBP, and are subject to
arun (Dec 7, 2009 12:31:27 PM)
Damien, Gabriel, Erik: I am visiting London Business School on December 15th. Can you give me some tips how could I enrich my visit as much as
possible? I am in London just for the day though.
Doctor Manhattan (Dec 7, 2009 12:31:43 PM)
Hannah, how about scores below 700? Is this rare or not reported to your knowledge?
PhillipaHainLONDON (Dec 7, 2009 12:31:48 PM)
Doctor Manhattan: The fees have not been confirmed but we will have this information by 16 Dec - D Day.
OliverAshbyLONDON (Dec 7, 2009 12:32:35 PM)
Dana: We very much recommend doing as much research as possible into
the School. We have regular Information Sessions and an informal
Drop-in that you can attend. Research demonstrates a commitment to
London Business School. For more information, please visit our information events page.
Doctor Manhattan (Dec 7, 2009 12:32:35 PM)
Phillipa: When students undertake exchange programmes with your partner
universities, during what term/quarter of what year do the majority of
these take place?
samiurtalukder (Dec 7, 2009 12:32:47 PM)
Oliver: How has the financial landscape, in terms of loan opportunities,
affected international students' interests? Are there new loan programs
now, or anything specific that international students should take into
consideration prior to applying to LBS?
Doctor Manhattan (Dec 7, 2009 12:32:55 PM)
Great, thanks Phillipa! In general, are these expected to increase by a lot or by some small inflation-adjusted margin?
ErikWilterdingLONDON (Dec 7, 2009 12:33:09 PM)
Arun: I'd recommend that, if possible, you visit on 14 December when
there will be an official MBA Drop-in session. By taking part in this,
you'd get the opportunity to listen to a professor speak, tour the
campus, and speak to someone from Admissions.
HannahSmithLONDON (Dec 7, 2009 12:33:10 PM)
King Nothing: I am not sure if they were all in finance, but be assured
that there are new and interesting opportunities that come up each year.
OliverAshbyLONDON (Dec 7, 2009 12:33:53 PM)
Samiurtalukder: We have a bespoke loan scheme with HSBC, and more details are available online.
GabrielMasLONDON (Dec 7, 2009 12:34:14 PM)
Arun: the 15th is a quiet time here, as most people have finished exams
and are gone for the break. That being said, I would recommend that you
take a tour of the school, try to speak to students and professors, and
also walk around the neighbourhood, especially Regent's park.
PhillipaHainLONDON (Dec 7, 2009 12:34:15 PM)
Doctor Manhattan: This is dependent on a few different factors like the
exchange school's term dates and also the student's preferences for
electives, but most exchanges take place in the Autumn and Spring terms.
Linda Abraham (Dec 7, 2009 12:34:19 PM)
Damien, Gabriel & Erik: Have the events in the financial markets
and the recession affected London’s coursework? How have they entered
Niranjan (Dec 7, 2009 12:34:40 PM)
Oliver: I read about the average GMAT score, but is there any minimum
cut-off GMAT Score (say 650 or so) and in case of multiple GMAT
attempts, which score do you consider?
Doctor Manhattan (Dec 7, 2009 12:35:31 PM)
Phillipa: Do you have a rough window of when you expect the first
deposit for successful Stage 1 applicants? I believe for the last class
it was 1,500 GBP on the 25th of January and then a larger sum later on
in June. Can you provide a detailed schedule of your deposits (how much
each deposit is) and when each is due? Thanks!
OliverAshbyLONDON (Dec 7, 2009 12:35:48 PM)
Niranjan, regarding multiple GMAT scores, we only consider the best score and the minimum is 600.
Tania (Dec 7, 2009 12:36:20 PM)
Hannah: I'm in the process of preparing my application for Round Two so
I really appreciate the opportunity to ask these questions. I worked
in France last year and hope to have French as my second language,
possibly taking up Spanish as a third language. With regards to the
professional benefit of the language requirement, do you have any
statistics on the number of graduates who go into markets where the
primary language is their chosen second language (non-native speakers)?
HannahSmithLONDON (Dec 7, 2009 12:36:24 PM)
Doctor Manhattan: A higher GMAT is definitely good to have but is not
the only thing that the recruiters look at. The average for the MBA2009
class was 690 and 67% of them went into either finance or consulting.
We do not report on specific GMAT scores for individual organisations.
arun (Dec 7, 2009 12:36:56 PM)
Thanks Erik & Gabriel. Unfortunately my flights are booked and have
taken a day off from the office. Is it possible to talk to someone in
the admission office that day?
dana (Dec 7, 2009 12:37:32 PM)
Oliver: I live in New York and it seems like there are no other info
session available in New York before the deadline in January.
PhillipaHainLONDON (Dec 7, 2009 12:37:55 PM)
Doctor Manhattan: Stage 1 commitment fees will be due on 29 January,
but please be aware that as the fee details have not been confirmed the
amounts could be subject to change. The reservation fee will be due on
DamienStaplesLondon (Dec 7, 2009 12:38:23 PM)
Dana, I'm still in my first year so I haven't had the chance to take
any finance electives yet, but the finance core is very strong - I'm not
from a finance background, but after three months, I'm a resident expert
in pricing bonds, valuing projects and companies, assessing risk and
return and market trading strategies... and this all from one core
course! I'm also planning to take the Capital Markets elective, which
goes into more depth. From there the finance faculty offers a broad
range of finance electives in the second year - examples include
Financial Analysis of M&A, Entrepreneurial Financing, Global
Currency Markets, PE & VC Finance. You can also check out more on
the core subjects online.
Linda Abraham (Dec 7, 2009 12:38:30 PM)
Oliver & Phillipa: We are a few weeks away from London Business
School's next application deadline (January 6th ). What advice would
you have for applicants aiming to submit then?
ErikWilterdingLONDON (Dec 7, 2009 12:38:39 PM)
emailing email@example.com to ask them if someone could meet you on 15
OliverAshbyLONDON (Dec 7, 2009 12:39:02 PM)
Dana: While we regularly hold information sessions/events in New York, I am afraid there are none before 6th January.
Niranjan (Dec 7, 2009 12:40:11 PM)
How about information sessions in Hyderabad/India, I couldn't find any either. Do you plan to hold something in near future?
KingNothing (Dec 7, 2009 12:40:21 PM)
Why doesn't London Business School send its representatives to India
for information sessions? I have noticed that there have been no such
sessions for some time now?
MaryFerreiraLONDON (Dec 7, 2009 12:40:31 PM)
Mihir: In connection to CleanTech, I suggest having a look at some of
the activity linked to the student organised Responsible Business Club . There is a great
elective that our degree programme students can sign up for too. This
is called Sustainability – Implications of Environmental and
Demographic Change and will be taught by members of our Strategy and
Economics group. In addition, just today I heard from two MBA alumni,
one (Ishani), whose start-up business, Arctic Holdings, was featured in
the papers this weekend.
Another, (Gabrielle Weybrecht) has recently written a book that
stemmed out of a project she undertook whilst an MBA student at London
Business School. Her book is called "The Sustainable MBA: The Manager's
Guide to Green Business".
DamienStaplesLondon (Dec 7, 2009 12:41:57 PM)
Linda, Regarding the recent recession, I don't believe there have been
any official changes to the core subject material as yet as the core
subjects generally look more at broad fundamentals using examples for
which there is a beginning and an end...as yet we don't know the full
story as to what the repercussions of this recession will be. However the recession has come up in a number of impromptu classroom
discussions - for example, we had a debate with our accounting
professor regarding the role accountants might (or might not) have
played in contributing to the crisis!
arun (Dec 7, 2009 12:42:02 PM)
Thanks guys, any chance one of you are from the Public Speaking Club? If so, anything going on the 15th December?
Linda Abraham (Dec 7, 2009 12:42:38 PM)
Damien, that sounds like an interesting discussion.
Doctor Manhattan (Dec 7, 2009 12:42:59 PM)
Hannah, in your opinion from what you've witnessed, what score would
you consider to be a GMAT cut-off for students looking to recruit in
top firms across Finance, Consulting and Industry?
ErikWilterdingLONDON (Dec 7, 2009 12:43:25 PM)
All: For anyone interested in the Consulting Club, feel free to check
out our new website (although, please note that it is still a bit of a
work in progress!): We host a lot
of companies on campus, provide interview skills training, and sponsor
students to take part in international case competitions.
OliverAshbyLONDON (Dec 7, 2009 12:43:42 PM)
KingNothing: We attended fairs in New Delhi and Mumbai last week as part of the QS Tour. We may revisit again in the future.
Doctor Manhattan (Dec 7, 2009 12:43:45 PM)
Oliver and Phillipa: Can you comment on the strength of this year's Stage 1 applicants? Are you excited about the pool?
ErikWilterdingLONDON (Dec 7, 2009 12:44:08 PM)
Arun: No luck here, but you should put that in your note to mbainfo, and they may be able to help you.
britt (Dec 7, 2009 12:44:23 PM)
Phillipa: My University isn't a partner University with LBS. In that
case, is there still a chance for me to study abroad with LBS?
PhillipaHainLONDON (Dec 7, 2009 12:44:26 PM)
Linda: Applicants should ensure they have met all admission
requirements and if there are any grey areas please do provide an
explanation. GMAT range is 600-800. CV, just one page please. Make sure
you have a trusted friend or colleague proof read your essays. Also,
make sure you have clearly identified why you want to go to London
Business School and what you hope to do with your time here, as well as
providing a clear explanation of your post-MBA goals.
HannahSmithLONDON (Dec 7, 2009 12:44:49 PM)
Tania: We don't have data on how many actually go into a job where they
are using their second language but the job placements are certainly
global: UK 51%, USA/Canada 8%, Europe (outside UK) 24%, Asia 7%, Latin
America 4%, Middle East 3%, Australasia 2%, Africa 1%
Linda Abraham (Dec 7, 2009 12:44:54 PM)
Great advice. Phillipa. Thanks.
GabrielMasLONDON (Dec 7, 2009 12:45:05 PM)
Let me talk about some of the best moments of my first term: I would
have to say that going to Madrid to play a football tournament against
other business schools was great. Unfortunately we didn’t win this
time, but I'm sure we will in February when we go to Austin to play
some US schools. In addition to having a great time playing football,
it was also a chance to network with students from other schools.
PhillipaHainLONDON (Dec 7, 2009 12:45:27 PM)
Britt: No I am sorry, the best thing you could do is feedback to your Programme Management team.
OliverAshbyLONDON (Dec 7, 2009 12:45:27 PM)
Doctor Manhattan: So far we have received very strong and diverse
applications suggesting another bright Admissions year. We are
extremely excited about bringing another Exceptional MBA class onto
campus in August.
Rachel (Dec 7, 2009 12:45:29 PM)
Phillipa: How does this year's Stage 1 compare in quantity and quality to last year's Stage ?
Mihir (Dec 7, 2009 12:45:44 PM)
Oliver: How do you treat an MBA applicant who is a PhD? A person with a
PhD might be towards the upper age group (32-33) and yet have fewer
work-experience (4-5 years).
Linda Abraham (Dec 7, 2009 12:46:30 PM)
Damien, Gabriel & Erik: You’re all active in a number of different
extra-curricular activities. How do you find the time, and could you
tell us a little about them?
arun (Dec 7, 2009 12:47:05 PM)
I have been in touch with mbainfo. It seems I am out of luck :) I am
trying to meet some students through personal contacts. I am sure it would
still be fun.
OliverAshbyLONDON (Dec 7, 2009 12:47:28 PM)
Mihir: We very much look at a candidate's academic background in the
context of the rest of their application. We would certainly take notice of a PHD if that meant a candidate had fewer years of work
experience as a result.
MAA (Dec 7, 2009 12:47:41 PM)
Oliver, after having an interview and applied with a strong application, would you still recommend to try to improve a 680 GMAT
score for being below average? would that be convenient for the
recruitment process afterward?
PhillipaHainLONDON (Dec 7, 2009 12:47:48 PM)
Rachel: The quality in both years has been very high and I am sure that
the students in the chat can testify to the exceptional peer group on
DamienStaplesLONDON (Dec 7, 2009 12:48:17 PM)
Linda, time management is everything on the MBA. There are so many
clubs, so many events & activities, the challenge is deciding what
to attend given there are only 24 hours in a day! Best advice is to
sacrifice sleep--catch up on that in 2 years! :)
Linda Abraham (Dec 7, 2009 12:48:30 PM)
Phillipa: How does application volume compare this year to last year?
Many schools are reporting flat or lower application volume.
ErikWilterdingLONDON (Dec 7, 2009 12:48:30 PM)
Linda: It's tough to manage everything, but definitely possible. I'm
most active in the Consulting Club, although I am also in the North
American Club, Sailing Club, and the Turnaround Management Club.
Additionally, I also try to enjoy London and its many pubs. Ultimately, students just need to make sure that they take classes
seriously and then plan around them regarding Club and outside
HannahSmithLONDON (Dec 7, 2009 12:48:36 PM)
Doctor Manhattan: I wouldn't give a cut off for GMAT across the sectors
as we are not given this information by the recruiters. In addition to
the support sessions offered by Career Services, students will increase
the chances of getting an interview through attending the recruitment
events and company presentations, networking, and speaking to alumni at the
organisations they are interested in etc.
GabrielMasLONDON (Dec 7, 2009 12:49:07 PM)
Linda: This is definitely the biggest challenge of the MBA! My
recommendation would have to be to prioritize, but always find time to go
to Sundowners on Thursdays!
OliverAshbyLONDON (Dec 7, 2009 12:49:10 PM)
MAA: I would bear in mind that the average is 697 for the current
class. Also a GMAT score is never assessed alone, the Admissions
Committee will always examine this in the context of the rest of the
Linda Abraham (Dec 7, 2009 12:49:19 PM)
Two related questions on the goals essay for Oliver.
RS (Dec 7, 2009 12:49:22 PM)
While writing the goal essay, can I mention about my plan B? Say
investment banking (plan A) and consulting (plan B). This will be to
mitigate present economic conditions. How specific do you expect the
goal mentioned in the essay to be?
dana (Dec 7, 2009 12:49:25 PM)
What is your opinion on writing two goals in your essays? I am
interested in portfolio management and I currently work in finance. On
the side though, I have filed for a patent which I also want to work on
arun (Dec 7, 2009 12:50:24 PM)
Are one of you from the Pharma sector? If so, could you share some experiences? I am working in Pharma too.
PhillipaHainLONDON (Dec 7, 2009 12:50:26 PM)
Linda: It is really too early for us to tell, we have only had our
first stage of admissions. We had an increase in the last admissions
year, similar to that of our competitors. And it is likely the
applicant pool for MBA2012 will increase again. But as always, we are
only interested in quality not quantity.
Doctor Manhattan (Dec 7, 2009 12:50:48 PM)
Phillipa: Certain speculation exists about the number of places
offered per stage in the London Business School application process. If
they are to be believed, the Admissions Committee fills about 35% of
the class from Stage 1, 35% from Stage 25% from Stage 3, and 5% from
Stage 4. Again, this is speculation, but could you please clear this up for
PhillipaHainLONDON (Dec 7, 2009 12:51:44 PM)
Doctor Manhattan: I am not sure of your source, but I can confidently say that is incorrect.
Linda Abraham (Dec 7, 2009 12:51:56 PM)
Damien, Gabriel & Erik: What do you wish you would have done before
starting your MBA that would have made the beginning/transition easier?
Did you do anything especially effective that helped you?
naveen (Dec 7, 2009 12:52:02 PM)
Phillipa: Could you please explain a bit about the accelerated MBA options LBS
offers - 15, 18 or 21 months? Do all get the same MBA degree and
which one is the recommended for a career switcher?
Shivani (Dec 7, 2009 12:53:08 PM)
Oliver: I am in the process of building my own business. I would like
to continue building my business while attending business school. While
I know a full-time program does not allow for students to have jobs on
the side, would it be expected that I set aside my business, if I were
to be accepted and attend London Business School?
ErikWilterdingLONDON (Dec 7, 2009 12:53:22 PM)
Linda: By far, I wish that I would have traveled more. I actually left
work on a Friday, and arrived in London the following Monday to look
for a flat, and I really would have enjoyed a few weeks off exploring
the world. Otherwise, there isn't really any academic pre-work that
someone would need to complete.
Linda Abraham (Dec 7, 2009 12:53:42 PM)
That does sound a bit pressured, Erik. Good advice.
PhillipaHainLONDON (Dec 7, 2009 12:53:50 PM)
Naveen: That is correct, all graduates receive the same degree
regardless of which duration they select. If you are looking to switch
careers then you may want to take advantage of the leadership
opportunities in the Student Clubs, which would require you to complete
in either 18 or 21 months.
GabrielMasLONDON (Dec 7, 2009 12:53:51 PM)
Arun: None of us are in the pharma sector, but I think you are
referring to the person from my study group that I mentioned earlier.
As I’ve worked with him for quite some time, I’ve learned a lot. In
fact, just today I submitted a marketing plan for a competition
organized by Novartis. Generally speaking, I know of several people in
my class from the pharma sector.
Linda Abraham (Dec 7, 2009 12:55:19 PM)
Mary, Oliver, and Phillipa: Any tips for waitlisted applicants? Do you want
to know about recent accomplishments, promotions, and other events that
may reflect on a candidate’s qualifications and occurred after they
submitted their application?
OliverAshbyLONDON (Dec 7, 2009 12:55:58 PM)
Linda: The waitlist is provided to give applicants a further chance to
join the programme. It is ongoing and therefore a candidate may be
removed from the waitlist at any time and given an offer or rejected.
We recommend waitlisted candidates only provide updates if their
professional situation has changed significantly from their original
application. All updates should be as succinct as possible.
OliverAshbyLONDON (Dec 7, 2009 12:56:19 PM)
Shivani: The full-time MBA is an intense experience, especially in the
first year, you should be prepared to spend your days (and often)
nights on campus. We would not recommend running a business as it may
mean that you don't get the most out of your MBA experience.
MAA (Dec 7, 2009 12:56:20 PM)
Phillipa: In case of being put on a waitlist in round 1, does that mean
that the candidate would wait until the end of the application process
to receive a final decision?
DamienStaplesLondon (Dec 7, 2009 12:56:21 PM)
Linda, if I could have my time again, I'd have left my previous job a
little earlier to allow myself some time off prior to starting the
program - I literally left my job, moved to London and hit the ground
running. First term is heavy--going to a break before starting would
have been great!
Niranjan (Dec 7, 2009 12:56:44 PM)
Damien, Gabriel, or Erik: is it possible to connect with alumni or
present student ambassadors of London Business School, who are from
India or based in India?
PhillipaHainLONDON (Dec 7, 2009 12:56:54 PM)
MAA: Not necessarily. The waitlist is reviewed at various periods throughout the admissions year.
Shivani (Dec 7, 2009 12:57:13 PM)
Oliver: As a quick clarification, it is an online business, so it would
not require travel or being at a different location to run the business.
GabrielMasLONDON (Dec 7, 2009 12:57:50 PM)
Niranjan: I would recommend that you contact the India Club.
DamienStaplesLondon (Dec 7, 2009 12:57:53 PM)
In addition to my comment above, I would also recommend that all admits
try to attend the Admits Weekend hosted at the school in June - this is
a great way to get to know the campus and to meet potential future flat
mates - also a great opportunity to explore the local area which
enables you to make a start looking for flats.
Linda Abraham (Dec 7, 2009 12:57:58 PM)
Thank you again all for participating today. Special thanks to
Phillipa, Oliver, Mary, Hannah, and Damien, Gabriel & Erik for
answering all these questions.
If you would like to automatically receive notices about our admissions
chats and other admissions events, please subscribe to our MBA event
list. Please check the website for exact times and a complete listing of scheduled chats.
Good luck with your applications!
Mihir (Dec 7, 2009 12:58:23 PM)
Thanks a lot, Oliver!
Tania (Dec 7, 2009 12:58:26 PM)
KingNothing (Dec 7, 2009 12:58:29 PM)
Thanks everybody. I really appreciate it!
Niranjan (Dec 7, 2009 12:58:31 PM)
Thanks Gabriel! Thanks everybody!
MAA (Dec 7, 2009 12:58:34 PM)
Fehride (Dec 7, 2009 12:58:37 PM)
Thanks a lot!
Shivani (Dec 7, 2009 12:58:45 PM)
Doctor Manhattan (Dec 7, 2009 12:59:00 PM)
Thanks a lot guys, this was a useful conversation as expected!
naveen (Dec 7, 2009 12:59:17 PM)
MaryFerreiraLONDON (Dec 7, 2009 12:59:32 PM)
Hi Everyone. This is your chance to ask a final question that might be really
important to you in terms of your own preparations for business school.
FYI: This is their last week at campus before they head off for
holidays. Students have now sat exams and this week they can sign up
for a great choice of practical skills courses. These include
Negotiating and Influencing, Accent and Voice Coaching and Speed
Reading. We have several guests coming to campus this week also
including George Soros, who many of the students have signed up to
dana (Dec 7, 2009 12:59:57 PM)
OliverAshbyLONDON (Dec 7, 2009 1:00:39 PM)
No problems, thank you for your questions.
DamienStaplesLondon (Dec 7, 2009 1:01:11 PM)
Look forward to seeing you all at the Windsor!
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