The Student Room Group

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Reply 1
Wow congrats! I'll be doing the Masters in Management at LSE after summer. Never got around to applying for LBS as they wanted a gmat and I wasn't sure of how to fit that in. Whats your background?
Reply 2
I am currently finishing my BSc 'Earth and Economics' at VU University Amsterdam. That's a course both on earth sciences and economics, focusing on topics like climate change.

So you got in LSE? But they require a GRE, don't they? I got 670 for my GMAT. Probably slightly below average, but apparently good enough!
Reply 3
Brendenj
I am currently finishing my BSc 'Earth and Economics' at VU University Amsterdam. That's a course both on earth sciences and economics, focusing on topics like climate change.

So you got in LSE? But they require a GRE, don't they? I got 670 for my GMAT. Probably slightly below average, but apparently good enough!


They only want gmat for applicants with first degrees outside the uk. A part of me wish I'd done it now :tongue: The LBS name will get your far!
Reply 4
I'm looking at applying to LBS.

The thing is i only have a 3 year undergraduate degree from new zealand (no honours, despite i have A grades for like 19/24 of the papers in my degree). We have to do another 1 year of study to be awarded honours.

Not so sure if i will get into Cambridge/Imperial, thats why Im looking at LBS.

BrendenJ, is your BSc in Earth an Economics a 3 year undergrad or 4 year? Btw, how long did it take for you to study the GMAT?
Reply 5
I'm looking at applying to LBS.

The thing is i only have a 3 year undergraduate degree from new zealand (no honours, despite i have A grades for like 19/24 of the papers in my degree). We have to do another 1 year of study to be awarded honours.

Not so sure if i will get into Cambridge/Imperial, thats why Im looking at LBS.

BrendenJ, is your BSc in Earth an Economics a 3 year undergrad or 4 year? Btw, how long did it take for you to study the GMAT?


Great that you are also thinking of applying! But I don't think LBS is easier to get into than Imperial:smile:

My undergrad has been 3 years (like almost all undergrad degrees in the Netherlands). I had only 4 weeks to study for the GMAT, and in those weeks I only studied approximately 12 hours a week due to my full time study and part-time job. So it is doable!

And then you still have the application interview of course, but that should be no problem.
Reply 6
pornstarz
I'm looking at applying to LBS.

The thing is i only have a 3 year undergraduate degree from new zealand (no honours, despite i have A grades for like 19/24 of the papers in my degree). We have to do another 1 year of study to be awarded honours.

Not so sure if i will get into Cambridge/Imperial, thats why Im looking at LBS.

BrendenJ, is your BSc in Earth an Economics a 3 year undergrad or 4 year? Btw, how long did it take for you to study the GMAT?


LBS should def not been seen as a backup to cambridge and Imperial. In the business world its regarded higher than oxbridge if anything, whilst imperial and even LSE is probably a step below. Remember, LBS is the only school in england that can compete with the likes of Harvard and Wharton :wink: Back ups would be Bath, lancaster, cranfield etc.
Reply 7
Indeed, LBS' MBA programmes are currently even ranked higher than Harvard. Besides that, the masters in management programmes offered by LSE and Oxford etc are much more focused on the theoretical side. I think if you want to start your career in business, particularly in these days, a degree from LBS is definitely the best option in the UK.
Reply 8
Oh, i didnt mean to come across saying LBS is a 2nd fiddler to Oxbridge.

What i meant that from an admission point of view, Oxbridge requires a 2:1 honours (which i dont have) and LBS only mentions a good undergraduate degree (which i have).

I've had a look at LBS's and Imperial's curriculum and they are almost identical. I am not particularly intrested in Cambridge/LSE's course as i find it too theoretical, but hey the reputation is there.

Brendenj, do you know how many students they take a year at LBS?
Is LBS a university? I dont see it anywhere on the THES rankings?
Reply 9
LBS is a Graduate Business School part of the University of London. I think it only provides some 3 degrees (that are VERY expensive). Take a look at the rankings of b-schools and mba at FT.com and you can get an idea of where its placed. In terms of prestige its on par with Harvard, Wharton, Insead.
Reply 10
LBS is indeed a university, and successful completion of the the MIM programme makes you a MSc.

I was told that LBS wants to have approximately 75 students on the programme. In the January application round, the first one out of five, there were approximately 65 applicants. So yes, the competition will be tough.

After some questions I got on the MIM programme here are some of my thoughts on following this particular course at this particular time.



The LBS MIM programme is designed and teached by the same team that teaches the MBA. As the MBA is nr 1 in the world right now, the MIM programme will also be with the best in the world. Of course it is not as extended as the MBA, because it is designed for students without working experience, but as you are just about to start your career I believe that the programme is even more a boost than an MBA.

When you compare the LBS fees with other top schools like Wharton or Cambridge, they are actually not that high. Of course it is a lot of money, but with this degree in your pocket you will have a great advantage during your entire career. So I do see it as a very good investment.

But you should have no fantasies of you being recruited on a senior manager position directly after graduation. Of course you will have a deep understanding and some skills in business after the programme, but you will still be inexperienced. However, the MIM degree will allow you to work with the best companies and climb much faster and higher in the business. This will be the main advantage of studying at LBS.

Concerning the current financial crisis, I only think that is positive during the programme. As a significant part of the curriculum consists of 'awareness of global issues', you will learn how to act in crisis times. Learning from the difficult times makes you even more competent in quite times, is my opinion.

Regards,
Brenden
Reply 11
Hello,

I would say if you already have an undergrad degree in business it does not make sense to spend the 21k for the LBS course as the curriculum is just about the same (strategy, accounting,...). I applied for the IMEX Route at LSE which is just as good as you get the chance to attend one of five top US business schools. In the end you will probably get an interview with both of the classes (LBS, LSE) and it anyway depends on your personal fit with the company which cannot be learned in any school. maybe you have different views?
cheers!
Reply 12
europe2010
Hello,

I would say if you already have an undergrad degree in business it does not make sense to spend the 21k for the LBS course as the curriculum is just about the same (strategy, accounting,...). I applied for the IMEX Route at LSE which is just as good as you get the chance to attend one of five top US business schools. In the end you will probably get an interview with both of the classes (LBS, LSE) and it anyway depends on your personal fit with the company which cannot be learned in any school. maybe you have different views?
cheers!


I agree. LBS/Oxbirdge/LSE will all get you the interview. After that you're all alone and its up to your personal skills to ace it
Reply 13
Hello,

I would say if you already have an undergrad degree in business it does not make sense to spend the 21k for the LBS course as the curriculum is just about the same (strategy, accounting,...). I applied for the IMEX Route at LSE which is just as good as you get the chance to attend one of five top US business schools. In the end you will probably get an interview with both of the classes (LBS, LSE) and it anyway depends on your personal fit with the company which cannot be learned in any school. maybe you have different views?
cheers!


I partially agree. Of course these are all great universities and will get you interviews with the best companies. And sure, from that point it is up to your personal skills. However, LBS does focus strongly on developing your personal skills (e.g. interview, negotiation, and presentation skills).

This way I am sure LBS will prepare you better for the 'real business world' than LSE would.
£21,000 is alot of money just to get an interview with a grad recruitment scheme. You could study another non-business degree (like politics or something) at the LSE for half the money and still have the brand name to get an interview - afterall what you study apparantly doesnt really matter - shocking i know but that is what all the careers advisors tell me. You could learn all the knowledge from a text book, spend £10,000 bribing someone to give you the job and spend the rest of the money travelling the world - A better option me thinks.

Also apparantly LBS want people with great extra-curriculurs, and obviously great grades. Therefore, it would seem that any successful candidate would stand a great chance at landing a job anyway.

Juat my $0.02
Reply 15
Yep, but studying your books and bribing someone will not give you the applied knowledge, skills and, also very important, access to one of the world's most important professional networks.

Of course, if you are a good student and motivated enough you will eventually end up in a good position. A degree of LBS will just give you a head start over all other students that are as good as you are. After LBS you are really ready for business. With, for example, a politics degree from LSE, you will need extensive training during your first placement.

Especially in the upcoming years you will notice that companies are very cautious when it comes to investing in you. If they have the choice between a LSE politician or a LBS Masters in Management, I am sure they will choose the latter.
Brendenj
Yep, but studying your books and bribing someone will not give you the applied knowledge, skills and, also very important, access to one of the world's most important professional networks.

Of course, if you are a good student and motivated enough you will eventually end up in a good position. A degree of LBS will just give you a head start over all other students that are as good as you are. After LBS you are really ready for business. With, for example, a politics degree from LSE, you will need extensive training during your first placement.

Especially in the upcoming years you will notice that companies are very cautious when it comes to investing in you. If they have the choice between a LSE politician or a LBS Masters in Management, I am sure they will choose the latter.


I see your point, but what ive been told, even from places like WBS themselves, is that companies like to train grads themselves, and look soley for the skills (ie teamwork, leadership, e.t.c) that will help them succeed.

When it comes to investing in you, in terms of grad schemes it doesnt matter - they expect new grads with no knowkedge. An MSc Managment, according to WBS does not help you further down in your career. I personally thought it might, but apparantly in 5 years time if you want a promotion or a change of career your MSc Management will mean nothing. All they care about is your performance to date. An MBA is another matter, and will definately help, but an MIM no.

To be honest, i applied for top MSc Managements and got admits, but hearing from the horses mouth it never seemed worth the money. I rather naively assumed that when it came to applying for jobs, the skills and knowledge of the MIM would not only stand me out, but get me the job because i would be prepared for the business world. However, this is not the case. Employers apparantly dont really care and when it comes to the interview and assessment centre you degree wont count, it is all up to you. Also bear in mind that the interviews happen at the beginning of the course when you haven't learnt much.

If you want to learn about business for fun, or to gain knowledge for yourself, then it is a good idea, but purely for job prospects (as the MIM programmes say they are designed for) then the money really isnt worth it. As they say, a degree, no matter how practicle, will never replace work experience. Therefore, from my experience, doing charity and work experience in different places would be alot better than a MIM.
Reply 17
Brendenj
I partially agree. Of course these are all great universities and will get you interviews with the best companies. And sure, from that point it is up to your personal skills. However, LBS does focus strongly on developing your personal skills (e.g. interview, negotiation, and presentation skills).

This way I am sure LBS will prepare you better for the 'real business world' than LSE would.


I think alot of the top MIM programmes focuses on personal development. Having attended the information seminar at LSE at least, they made a point to say that this was one of the central features of the programme with weekly workshops dedicated to improving personal skills. Another aspect of LSE that appealed to me was the possbility of a summer internship and CEMS route (know to be headhunted by top firms) which I reckon will prove very valuble and may well lead to full-time positions.

LBS does indeed have a great name to it. However, I am not convined that LBS students will graduate with a significant advantage to oxbridge/lse students. I guess we can only judge this once we see the first graduate batch next year :wink: Most likley they will have found very similar positions.
Reply 18
Employers apparantly dont really care and when it comes to the interview and assessment centre you degree wont count, it is all up to you.


AfghanistanBananistan sounds like someone who is not accepted to the top business schools or can not afford to accept the offers.. all arguments you mention apply to all academic degrees. If we should listen to you, we would be better of helping children in Africa for five years than studying at all.
Reply 19
Brendenj
A degree of LBS will just give you a head start over all other students that are as good as you are. After LBS you are really ready for business. With, for example, a politics degree from LSE, you will need extensive training during your first placement.


Have a look at the IMEX route at LSE's MSc International Management. You will be attending half of your classes at a top US business school and sit in MBA classes with very experienced people. How might that be worse than LBS's MIM?