Although Brexit have taken off a lot of sheen from UK B-schools, LBS is still among the schools worth taking a shot at if you want to make a career in the coveted finance capital of Europe. The school attracts an annual incoming class of about 400 MBA students from 59 nationalities who are globally minded by nature.
The full-time program can be completed in as short as 15 months, by taking fewer electives, or as long as 21. Most opt for the full 21-month length of the program largely because they like it so much. The program begins in late August each year with orientation and a leadership module running throughout September. This is followed by three study periods: Autumn Term (October to December), Spring Term (January to March), and Summer Term (April to July).
- LBS apparently sends even higher % of students in consulting world than INSEAD and ofcourse Finance as well with impressive $112K and $105K average salary figures respectively.
- Most impressive thing about LBS placements is the high % of students going into Investment banking and Private Equity sectors. Other schools usually clubs corporate finance jobs under the finance tabs to make the sector wise placement statics look impressive.
Things to Consider
- LBS does not have any student housing options and living in London might cost you a bomb on top of the 88k Euro MBA tuition
- Apart from consulting Finance and Tech, LBS doesn’t really have much placement in any other sector or Function.
LBS Class Profile
LBS Placement Report
LBS Winning Sample Essay - 1
1) What are your post-MBA goals and how will your prior experience and the London Business School programme contribute towards these? (500 words)
Post-MBA, I want to continue working in the Consulting space, but expand my horizon towards strategic mandates with a broader geographic/industry scope. I will start as a generalist consultant and develop expertise outside of the financial sector. Having almost entirely worked in finance-centric roles, I want to now grow beyond just a financial context—understand the cross-functional nature of decision making and strengthen my holistic business problem-solving ability.
Long-term, after garnering commensurate exposure across industries, verticals and geographies, I aspire to move up the ladder to a C-suite executive at a top-tier strategy consulting firm. Having spoken to Anshul Gupta, CFA (MBA’16), I understand that the LBS MBA’s strong strategy curriculum, experiential learning and active alumni network will ensure an accelerated transition from a finance-centric to a strategic/management consulting role.
Having spent 4.5 years in financial research and M&A advisory, I have worked with large PE funds, top-50 financial services firms and Fortune-500 companies to craft and recommend financial and strategic decisions. I have gained exposure to several industries (including retail, consumer goods, hospitality and real estate) and developed an understanding of global business through my interaction with CXOs, strategists and investment managers from more than eight countries. Working in large teams, I learnt to lead as well as follow. This experience, coupled with my CFA knowledge, has sharpened my research and analytical skills, on-the-feet thinking, and problem-solving ability — relevant skills that will position me to succeed higher up the value-chain.
However, to seamlessly actualise my goals, I need to gain a deeper understanding of consulting frameworks, fine-tune my leadership skills and tap on resources that will help build a deep/rooted global network. The LBS MBA will instil strong business fundamentals, enable me to establish a strong network and operate in a city where one is in proximity to all top-tier consulting firms.
At LBS, I intend to take electives such as “Thinking Strategically”, “Advanced Competitive Strategy”, “Managing Corporate Turnarounds” and “Strategy Lab” to build a strong strategy foundation. As suggested by Shreeji Parekh (MBA’19), I also want to be a part of LBS’ increasing emphasis on impact investing through initiatives such as “MBA Impact Investing Network & Training” and “Business for Development Institute” to understand how business interfaces with society and keep abreast the growing trend towards social investing.
I believe that professional-growth entails growing as a leader, a deft team-player and a person with a global outlook. As recommended by Yash Sidana (MBA’19) and Saba Ahmed (MBA’19), I will look to participate in “Global Leadership Assessment for Managers (GLAM)” and polish my leadership skills through “Leadership Launch”. Finally, I plan to leverage “Global Business Experience” and “LondonCAP” to immerse in experiential-learning and gain unique real-world perspectives that will equip me to manage complex/ambiguous challenges seamlessly, thereby better preparing me for a strategy/management consulting role.
As emphasised by all LBS MBA students and alumni I have interacted with, the sheer diversity, collaborative environment and continued focus on excellence will provide commensurate impetus towards my overarching ambitions.
2) Is there any other information you believe the Admissions Committee should know about you and your application to London Business School? (500 words)
I want to take this opportunity to highlight how I will immerse myself in the LBS community:
Consulting and Finance Club
With a continued passion for consulting, I will look to contribute actively to the Consulting Club. Leveraging my learnings at KPMG, I will help in training & development of students interested in entering the consulting field. Additionally, I will help organise the Strategy summit by utilising my industry contacts and drawing on my event management experience of similar events at college level.
I will also like to continue my love for finance at LBS. Clearing all levels in the first attempt and holding the CFA charter, I am well-equipped to mentor and guide peers who are looking to make a switch to the finance sector.
Volunteers Club / Net Impact Club / Impact Consulting Club
Blessed with ample resources, I have always felt a strong need to give back to our community. In the last seven years, I have worked with five different organisations/set-ups in the areas of education, women empowerment and community development. Additionally, I took a sabbatical of 1.5 months to work full-time with an India-based NGO, Goonj, to make meaningful and impactful contributions. As part of the LBS Volunteers club, I would like to spread this infectious passion for social impact, join the Ghana Service trek and strive to bring in more local volunteering opportunities for students. Further, I would pursue my interests in social development at the Net Impact Club and Impact Consulting Club by solving challenges faced by social enterprises and sourcing future projects.
Women in Business Club
Having experienced gender bias as a woman professional in a patriarchal society, I firmly believe in the need to promote gender diversity. At a personal level, I have used my own experiences to help other women by leading important women-focused initiatives on menstrual hygiene and education. At the professional level, I drive KPMG’s Corporate Finance women community initiative to discuss and address any work-related issue. Through the LBS Women in Business club, I will like to continue to help other women grow to their full potential.
I have always been passionate about event management—both cultural and professional. During undergraduate studies, I led several events including annual management convention, college fest, NGO fest and several management competitions. I continued my passion at my workplace wherein I was instrumental in organising Diwali parties, quarter parties, team huddles, and off-sites. Leveraging the experience gained through these positions of responsibility and my deep connection with India and its culture, I would contribute to the India club by sharing sui-generis perspectives about the country, organising cultural events, and utilising personal and professional contacts to invite guest speakers and help prepare for the India trek.
Finally, having led diverse student organisations in the capacity of an elected representative during undergraduate studies and being an active alumnus of alma-mater, I aim to become a Student Ambassador for LBS, efficiently linking the school, future aspirants, research and industry.
Essay 1 –
What are your post-MBA goals and how will your prior experience and the London Business School programme contribute towards these? (500 words)
Self-awareness about your strengths and interests will help you refine what you truly want in your career. To take your research into your post-LBS options deeper it could be helpful to talk to colleagues and alumni who have MBAs in your field to identify various career paths. Make sure that your career goals are both realistic and aspirational. Think about the short term roles that may lead to your most ambitious longer term goals.
Your past experiences have certainly informed your post-MBA plans, and touching on those most relevant will be helpful to setting the background for your current pursuit of an MBA. To make this essay more than a rehash of your resume, think about explaining the rationale for your decisions throughout the essay.
Why did you pursue your past experience and what has been the impetus behind subsequent career choices? At this point, why are you choosing LBS? If space permits, you will want to discuss the question of timing – why you have made the choice to pursue an MBA at this time, and why you want to attend LBS now.
Essay 2 – Optional
Is there any other information you believe the Admissions Committee should know about you and your application to London Business School? (500 words)
This open-ended question is a great opportunity to touch on a personal story or add color to your career goals if you choose to use it. Consider using a story that illustrates your passion for London or an aspect of LBS culture.
To inform your story, make sure you have done as much school research as possible. Ideally you have visited the school or attended an admissions event, or at a minimum, spoken to current or former students. This could also be the ideal place to describe a unique background, experience or attribute that did not fit elsewhere in the application.