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The London Business School (LBS) is an international business school founded in 1964 in London (United Kingdom). LBS is one of the most prestigious business schools in the world; the school is ranked 1st in Europe by the Financial Times and 1st in the world by the QS ranking. The admission process is extremely competitive and the number of places are limited due to the small size of the campus. The main competitor of LBS in Europe is INSEAD, and in the rest of the world its peer schools are Harvard Business School, Stanford, and Wharton.
LBS awards only post-graduate degrees (Masters, MBA, and PhD) and is one of the few schools in the world to have the triple crown accreditation (AACSB, EQUIS, AMBA). LBS also has several programmes for Executives. Its Master of Business Administration is one of the most prestigious programmes in the world, often ranked among the world’s best.
The main campus is located in London next to Regent’s Park in the Sussex Palace, built by the architect John Nash. Unlike most other business schools, LBS organises courses in listed buildings in London instead of new buildings with a modern architecture. In 2015, the school acquired the Marylebone Town Hall and spent £60 million to restaure it with the objective to expand its teaching facilities by 70 per cent. LBS also has a secondary campus in Dubai that is dedicated to the Executive Education.
The London Business School was founded in 1964 under the name of the London Graduate School of Business Studies with Dr. Arthur Earle as a Dean. In 1965, the school was registered as a company and was designated by the University of London as an institution having recognised teachers. In 1966, the first Executive Development Programme was launched, followed by the Senior Executive Programme. The same year, a full-time MSc degree was also launched, with Shiela Cross enrolling as the School’s first female student. In 1968, the School inaugurated the Sloan Fellowship MSc programme, which was the first one outside of the US. 17 students were enrolled and the programme was funded by the Alfred P. Sloan’s foundation. The first doctoral programme was established in 1969 and in 1970 Her Majesty Queen Elizabeth II opened the School’s Regent’s Park campus. The first PhD was awarded in 1974 and, that year, the females made up over 15% of the student body for the first time. In 1983, the first part-time MBA programme was held under the direction of Sir Andrew Likierman, the current Dean of the School. In 1986, the school officially became the London Business School and was incorporated by Royal Charter, which gave LBS the right to confer and grant degrees. In 1992, the School was given the Queen’s Award for Export in recognition of providing educational services to managers and companies worldwide. During the same year, the Executive MBA programme was launched, and the following year, the school started its first Masters in Finance. In 2001, LBS launched the first EMBA-Global degree programme in partnership with the Columbia Business School.
The London Business School hold the inaugural Global Leadership Summit in 2003 and opened in 2007 a new campus in Dubai to offer both Executive MBA and Executive Education Programmes. In 2009, the school started two new programmes: The EMBA-Global Asia, in partnership with the Hong Kong University and the Columbia Business School, and the Masters in Management (MiM). In 2015, the school acquired the Marylebone Town Hall and spent £60 million to restaure it with the objective to expand its teaching facilities by 70 per cent. The building was renamed “The Sammy Ofer Centre” in honour of a generous donator, the Ofer Family, who made a gift of £25 million for the development of the building. In 2016, LBS launched a new programme the Masters in Financial Analysis, aimed at recent graduates who wish to pursue a career in finance.
With the objective to increasing its size, the school organised a £100 million funding campaign. At the beginning of 2016, £98 million were collected. £40 million should be used to renovate the Marylebone Town Hall, £28 million for the research, £18 million in scholarships for students, £10 million to increase the school’s endowment, and £4 million that should be used to improve the technology of the school.
The campus is located in Marylebone, on the perimeter of Regent’s Park. The main building, projected by John Nash along with the entire area of Regents Park, was originally built as 26 terraced houses in 1822–23. There are ten pointed cupolas along the roofline. The façade is adorned with Corinthian columns.
LBS maintains a number of facilities, including a sports centre, a restaurant, three cafes and library, that are dedicated for the exclusive use of its community. A privately run pub, The Windsor Castle, is also attached to campus. Most classrooms for the MBA are located in the Sainsbury Wing, the centre of the terrace, most of which are 100-student amphitheatre rooms.
There is no accommodation on campus for students in full-time programmes, although there are rooms on-campus for visiting faculty and executive education participants. Most students choose to live in nearby private residential buildings or in students halls of residence such as the International Students House, London.
LBS is planning on expanding its campus in central London. The business school is in the process of redeveloping the Old Marylebone Town Hall into classrooms and offices.
Courtesy : Wikipedia