G M A T – four letters that often strike fear in to the hearts of busy executives looking to apply to Business School. The GMAT exam provides a detailed and specific assessment of an individual’s business academics, but the lengthy preparation and examination time can be prohibitive to executive candidates.
Since March 2016, London Business School has been accepting a new way of assessing candidates for our Leadership Programmes. Working with the Graduate Management Admissions Council (GMAC) and five other top-tier Executive MBA Schools across the globe, the Executive Assessment (EA) has been designed with executive candidates in mind.
What makes the Executive Assessment an excellent tool for both Business Schools and Executive MBA candidates is its relevance.
It is relevant to executives in terms of its content as it has much more focus on critical thinking, analysis and problem solving than the GMAT and much less on pure mathematics and grammatical structures.
It is relevant in the amount of time needed for the test. There is minimal preparation required, and the test is over in 90 minutes.
And it is relevant in its flexibility. There are no rescheduling fees, ideal for executive candidates whose schedules can often change at short notice.
The test consists of three sections that are similar in broad themes to the GMAT – Integrated Reasoning, Verbal Reasoning and Quantitative Reasoning.
Unlike the GMAT, all three sections count towards a final score of between 100 and 200.
So how should you prepare for the Executive Assessment?
Unlike the GMAT, there is minimal preparation required for the Executive Assessment. but you do need to spend a little time on it, and successful candidates have spent around 1-2 days preparing.
- Familiarise yourself with the sample questions available on GMAC’s website.
- Depending on your background, refresh yourself with high school mathematic principles.
- Find your local test centre from over 600 worldwide.
Is there a minimum score?
At LBS, we take a holistic approach to applications and, as such, look at all elements together. There is no minimum or recommended EA score (or, for that matter, GMAT) and this forms only one part of the application. We do strongly recommend you take the assessment seriously to best demonstrate your abilities and commitment to the programme. Candidates have found it a useful diagnostic to highlight areas to focus on to get ready for study.
If you have any questions, please do not hesitate to contact us
Whichever assessment you choose to take – good luck!
A good thing to do before you fill in your application is to get a grasp of the different elements that make up an Executive MBA (EMBA) application and what the committee members are looking for whilst reading through the different parts.
The first thing that we see when initially reviewing your application, is your CV/resume. By reading through your CV we are able to take a quick glance into your background, your academics, and your work experience along with any hobbies that you may have. Therefore, this is the starting point of us assessing your eligibility for the programme.
All applications that are submitted for a London Business School programme contain three essay questions and these are specific to the programme for which you are applying. The essay questions give us a chance to get to know all our applicants on a personal level therefore we look for your personal outlook on the programme, your level of self-awareness, and your collaborative skills.
All applications contain two references and we always advise applicants to ensure that one of the two references is completed by your current line manager. This is because your line manager is someone you work with on a daily basis, so no one would know your way of working as well as they do. Furthermore it ensures the committee that your company is informed of your application to the programme.
Transcripts allow us to take note of any academic or professional qualifications that you hold, allowing us to assess your academic abilities in the past, up until any professional qualifications that may have received more recently. Furthermore seeing copies of your transcripts also confirms your achievement of the academics you have listed in your application.
The GMAT, EA and GRE allow us to assess your academic ability at the time of your submission. The tests are split into two key parts of Quants and Verbal. These skillsets are what you will need the most whilst completing the EMBA, therefore the score itself and the balance between all sections of the tests is what is key for us. There is a different score for the GMAT, GRE and EA that students are expected to achieve, you can discuss this further by getting in touch with someone from our recruitment team.
All of the above key components are attached to the actual application form itself. In the application form we are able to assess extensive details about you, that would not necessarily be visible in the documents you provide us with. Therefore, it is full of a wide range of questions from your current roles and responsibilities, to your hobbies, a reflection of your academic abilities and so on.
It is important to remember when submitting your application that the Admissions Committee takes a ‘holistic approach’ when processing all applications. Therefore we assess every individual’s assets as a whole, before inviting them in for an interview. Similarly, we review both the application and the interview feedback before making a final decision.
When it comes to attracting talented workers, London is the city to beat. A report carried out by professional services firm Deloitte describes England’s capital as being “in a league of its own”, having seen a 16% rise in highly-skilled people from 2013 to 2016.
In that time, the number of talented workers moving to London rose by 235,000 to 1.7 million – higher than the 1.1 million people who relocated to New York during the same period.
There is a caveat: the report was done in March 2016, three months before the British people voted to leave the EU. Will Brexit affect London’s ability to attract highly skilled workers? No one knows at this stage, but the UK government’s message is clear: Britain is open for business and skilled workers are, as always, welcome.
Whatever happens in the coming months and years, we should feel confident that London will retain its position as one of the world’s leading business and financial centres. The city has a history of handling adversity, be it the global financial crisis of 2008 or recessions in the 1980s and 1990s, and Brexit is just another challenge to overcome.
Looking to the future, industries such as digital – which grew 32% faster than the wider UK economy from 2011 to 2014 – professional services, finance, IT, engineering and medical will continue to rely on talented people.
If anything, demand for skilled people in some sectors has never been greater. Take manufacturing, where three quarters of companies struggled to find the right employees between 2013 and 2016. An industry report by business group EEF found that the industry was suffering a skills shortage. Similarly, engineering companies are struggling to find talented people for an industry that contributes about £280 billion to the British economy.
The figures highlight a trend: that London has always relied on skilled workers, be they British or otherwise – and that will never change.
On 8 January the Executive MBA team, here at London Business School were delighted to welcome the new EMBA class.
Both the Dubai and London streams came together filling the room up with 134 new faces, ready to embark on their 20 month EMBA journey. The class is made of 45 different nationalities, with an average of 12 years of experience. More importantly the rich quality of students is prominent in the diverse titles that they offer, from Managing Directors, to Entrepreneurs, to Doctors and many more.
Orientation week kicked off with an enriching preparatory talk by Professor Richard Jolly, ‘Ten things I wish I knew’. This was followed by the class’ first set of core lectures, as well as numerous networking and group work opportunities thrown into the mix.
The week concluded with a final celebration at a rooftop bar, overlooking the breath-taking London view.
The next intake for the Executive MBA London Dubai programme is September 2017. We will be announcing the new application deadlines on the website soon.
If you have any questions in the meantime, please get in touch via email: email@example.com.
From over 15,000 nominations, only 600 of the brightest young entrepreneurs, breakout talents and change agents in 20 different sectors make it to the list.
Eleonora is a Vice President at J.P. Morgan in charge of a suite of Cash and Liquidity products offered to more than 2000 institutional clients across $60 billion.
Kiran meanwhile is an Executive Director at UBS Wealth Management, having joined the company in 2011.
The part-time nature of the EMBA-Global programme has allowed both these young talents to continue working whilst studying for a top Executive MBA programme offered by two of the world’s leading Business Schools – London Business School and Columbia Business School. The programme is designed to encourage students to apply their learning in the workplace to realise the real-world benefits of their classroom study.
Applications are now open for the class of 2019 – visit the EMBA-Global home page to find out more.
Following a year of applications, interviews, planning and preparation, Monday 9th January saw us welcome to newest students to the Sloan MSc programme. An inspiring and experienced group came together to meet for the first time and embark on their LBS adventure.
To say the class is diverse would be an understatement, with 61 students being drawn from over 40 different cities around the world to come and study in London. Only 11 of the cohort were already based in the city, so for the rest they are getting to experience this fantastic city for the first time!
The orientation week began with an introduction to the course. This included a Leadership Case Study session led by Professor Randall Peterson where the class were joined by Paul McGinley, captain of the 2014 winning Ryder Cup team.
The Sloan programme is an intensive and collaborative affair. The orientation week is the first opportunity for the class to meet their study groups, with whom they will be working closely throughout the year. Bonds were formed mid-week as the study groups competed in a series of challenges around the Southbank area of the city, taking in some of London’s most famous landmarks and skyscrapers.
How best to close this busy, exciting and informative week? An incredible dinner at the world-famous Tower of London! Greeted by the Yeoman Warders (otherwise known as the Beefeaters) the class were treated to a tour and a three-course meal; a truly unique setting to end the first week of this truly unique class and programme.
Best of luck for the year ahead to the Sloan MSc class of 2017 and we look forward to following your journey!
Can you believe the MiM, GMiM and MFA students have already started their second term at LBS? Time really does fly here on campus! Nevertheless, the end of Term One presents the perfect opportunity to look back and celebrate a few highlights from the term…
At the start of September, 321 fresh-faced Masters in Management, Global MiM and Masters in Financial Analysis students arrived at London Business School for the first day of Orientation, with the second day continuing at East Wintergarden in Canary Wharf. The students discovered more about the programme and the School through engaging presentations from speakers such as Lord Bilimoria (the chairman of Cobra Beer) and key faculty members such as Marketing Professor, Bruce Hardie and Finance Professor, Alex Edmans. MiM alumni made up a lively panel in the afternoon, sharing stories of their experiences and career journeys since graduation.
A few days later, the students ventured off-campus to brave the great outdoors at Gilwell Park Activity Centre for their Away Day. The day focused on team building and problem-solving with practical activities such as raft-building and climbing. Collaboration, courage, hard work and dedication were traits that were particularly vital here!
After Orientation, Foundations Week began. This included the Career Skills programme run by the Career Centre, alongside worships such as “How to Work a Room”, Business Writing, Bloomberg Skills and Excel. The learning of additional soft skills continued throughout the rest of term with additional workshops such as Business Etiquette, Impact and Influence and Financial Industry Tools sessions for the MFA (such as Morningstar, Matlab and Factset).
Core courses began after an action-packed start to the year, with the MiM and Global MiM studying Finance, Leadership in Organisations, Data Analytics for Management and Financial Accounting. Meanwhile, the MFA students covered Asset Management I, World Economy, Analysis and Financial Statements, Corporate Finance, and Data and Time Series Analytics.
The Mentoring Scheme kicked off at the end of September where students were matched with their MBA and Masters in Finance mentors, allowing students to foster meaningful relationships with more experienced professionals in our community. We went live on our Snapchat account for the #LBSMeetYourMentor evening event.
Throughout the term, our students got involved with so many activities across the student clubs. MFA students from the Impact Consulting Club volunteered for the Breast Cancer Research Foundation and MiMs and MFAs took their place on the dance floor, representing their programme at the annual Diwali Party.
In early December, 62 Early Career students travelled to Silicon Valley for the Global Immersion Field Trip (GIFT). They were welcomed by companies such as Pinterest, Electronic Arts, Google, Apple, Softtech and Singularity University. This GIFT allowed students to better understand the environment which fosters such significant levels of innovation through visits to some of the best known brands in San Francisco and the Bay Area as well as smaller and mid-stage start-ups, investors, incubators, and thought leaders. You can catch more information on our student blog here.
So that concludes a short overview of the first term. The students have plenty coming up for Term Two, including Business Immersion Week and Global Immersion Field Trips to Milan & Munich, Paris, Barcelona and New York! You can follow us on our Facebook page for further programme insights.
On top of all the experience you bring to the classroom via debates and group assignments, you also have a unique opportunity to shape a large part of your time at London Business School by joining a student club and organising engaging events and initiatives. The purposes of these events vary depending on the Club and its objectives, however generally they are designed to;
- Help students learn more about a particular sector, geographical area or topic.
- Provide networking opportunities across all programmes, with Alumni and also with other professionals working in London.
- Enable the students organising these events to practice valuable leadership skills whilst also contributing to the School community.
There is a fantastic range of activities that happen at the school on a regular basis; last year alone (2015/2016) we had 505 guest speakers at student-led events. The events below give you a taste of the quality and variety of events held at the school. These all occurred during the first term of the 2016/17 academic year.
1. IMPACTathon ( Impact Consulting Club) Now in its second year the IMPACTathon is an innovative take on the Hackathon format; instead of building a new business over a weekend, students help real life social entrepreneurs to develop a particular aspect of their business. This is a fairly small event with only 48 students participating but it is extremely rewarding for them to work with real businesses that are truly trying to make a difference in society. Students are able to utilise their years of experience as well as putting into action the theories they learn in the classroom. The impact this event has on the social enterprises and how they operate is invaluable.
The winning team from the 2nd annual IMPACTathon – The Helpful Clinic
2. Global Energy Summit (Energy Club) The 13th Global energy Summit looked at ‘Where are the opportunities in Energy? The event was sponsored by The Boston Consulting Group as well as ATKearney and took place at Hilton London Tower Bridge. The impressive line-up of speakers included experienced professionals from companies such as Statoil, Petrobras and EDF. One of the speakers was current LBS Sloan Fellow Ghassan Mirdad who has over 20 years of experience with Schlumberger. The conference is always a great opportunity to connect with professionals working in London. Non-LBS attendees at the event represented companies such as Shell, Bloomberg and Infosys.
Enthusiastic participants at the 13th Global Energy Summit
3. Diwali Party (India Club) One of the biggest parties of the year with over 700 guests, this annual celebration to mark the Hindu festival of lights has achieved legendary status amongst LBS students past and present. The LBS India Club brought everyone together in kurtas and sarees, with an ample supply of delicious food for a night of celebration. The centre piece of the evening as always was the eagerly contested Inter-stream Bollywood dance-off. The MBA2018 Stream D Team came out on top as overall winners with a well-choreographed routine.
LBS Students performing at the 2016 Diwali Party
4. EurOUT (Out in Business Club) EurOUT is one of the schools most highly rated events and Europe’s leading LGBT conference for graduate students, MBAs, PhDs and alumni from top business schools. The team did not disappoint in November 2016, they brought together an impressive line-up of speakers including Xavier Bettel (the Prime Minister of Luxembourg). The conference also received some excellent media coverage with articles in The Telegraph, GayStarNews and Vogue Mexico. You can also check out some of the reactions from speakers and attendees of the event via the event hashtag: #EurOUT2016
Prime Minister of Luxembourg Xavier Bettel addressing The EurOUT 2016 Conference
5. Global Healthcare Club Conference (Healthcare Club) The theme for this 8th edition of the annual Global Healthcare Club Conference was “Precision Medicine: The Future of Medical Care” and covered cutting edge topics such as ‘How is the UK preparing itself to lead the precision medicine industry?’ and “How are genomics and digital advancement changing the landscape of precision medicine?” It was a highly engaging event with expert speakers and a great example of a niche area where students were able to increase their knowledge by attending an event organised by their peers.
Sir Andrew Likierman Dean of London Business School with Helene Kadjar MBA2017 Student & Co-Chair of the Global Healthcare Club Conference 2016
6. LBS Hackathon (Entrepreneurship Club) Now in its 3rd successful year, the LBS Hackathon has firmly established itself as part of the School’s entrepreneurship ecosystem. Merchant Bot took home the 1st place with a slight edge over Skilltree who came second (big shout out). On the FinTech front, Team Bonsai did an impressive prototype aiming to eliminate bond issuance process from the large investment banks – however Merx won over the judges with higher scores in market validation. Praise from this year’s participants included: “Really can’t imagine a more personal and professional development-oriented 48 hours than what LBS Hackathon offered” and “The organisation of the event was absolutely fantastic in enabling all participants to fully enjoy both the useful social interactions with new and talented people and the exciting and spirited competition”
LBS Hackathon participants receiving a briefing from the student organisers
For more information or to attend one of these events please visit the School’s Student-led Conferences page, which has details of all the upcoming events open to the general public.
If any of you who are international students or potential students, thinking about or worrying about getting jobs after your studies I thought that this little post about visa options might help.
I know that 2016 has been a significant year of change especially for international students in the UK. It is not all bad news though.
The UK government’s immigration policies are supportive of graduates of UK business schools and universities and most importantly the UK Government is committed to helping the brightest and the best make a contribution to the British economy which of course is great for graduates of London Business School (LBS) as you are just that.
There are lots of options available to international students who want to stay and work in the UK after their studies although not as flexible as in the past.
Below are the three most common visa schemes available to international students: Tier 1, Tier 2 and Tier 5.
There are many more which I will try to post about in more detail throughout next year, but for now take a look at these:
Tier 2 (General)
Overview: This is the main immigration route to work in the UK. The visa is linked to a specific job and employer.
Is Sponsorship required? Yes, from the Tier 2 licensed employer.
What is the Maximum duration of stay permitted? 5 years.
Can I switch from Tier 4 inside the UK? Yes, and there are benefits of doing so. As a recent UK graduate on a Tier 4 visa, you qualify for an exemption from the Resident Labour Market Test. This makes things much easier for Employers to sponsor our alumni on a Tier 2 visa and offer them post-study job opportunities.
What do I need to qualify for this visa type? Sponsorship is in the form of a COS from a Tier 2 licensed employer. The job needs to meet various requirements including a minimum salary.
Tier 1 (Graduate Entrepreneur)
Overview: London Business School endorses up to 20 Tier 1 Graduate Entrepreneur Visas each year. This visa is aimed at students who complete their degree in the UK and wish to stay to develop a business plan or entrepreneurial idea.
Is Sponsorship required? No, but there must be an endorsement from LBS.
What is the Maximum duration of stay permitted? 12 months with the possibility of renewal for a further 12 months.
Can I switch from Tier 4 inside the UK? Yes, and you will also be able to switch to Tier 2 from this category if you find a sponsor later down the line.
What do I need to qualify for this visa type? Your final transcript following completion of your course, endorsement letter from LBS and maintenance requirements.
Tier 5 Youth Mobility
Overview: For individuals of certain nationalities including Australia, Canada, Japan, Monaco, Hong Kong, South Korea, Taiwan and New Zealand aged between 18-30.
Is Sponsorship required? Yes but only for certain countries.
What is the Maximum duration of stay permitted? 24 months
Can I switch from Tier 4 inside the UK? No, unfortunately you can’t, you will need to make the application from back home.
What do I need to qualify for this visa type? A certificate of sponsorship is required for nationals of Hong Kong, the Republic of Korea and Taiwan. Other requirements include maintenance.
Below are some very good links that have much more information and helpful advice.
I hope this has made anyone who was worried about the limited options for working feel a bit better about the visa that are out there for you.
Please contact me via email firstname.lastname@example.org with any further questions you may have.
The Faculty and Teaching
A major strength of London Business School (LBS) is its Finance faculty with their wide range of financial backgrounds. They are consultants to leading banks, associate editors of prestigious academic journals and board members of advisory boards for international finance organisations. As a student of the School, you will be put at the centre of global finance. You will gain access to the latest finance research and techniques, master a wide range of financial tools and fill crucial gaps in your knowledge with the Masters in Finance.
The Class Room Experience
Class visits offer a unique insight into the strength of London Business School’s faculty and teaching. I had the pleasure of sitting in class on 29 October to witness the learning experience. Dr Chris Higson, Associate Professor of Accounting Practice delivered the seminar that looked at a case study of Body Shop. Students analysed financial information on the company’s past performance and had to draw inferences about its future prospects.
From my experience it was great to see so many talented individuals sharing their financial knowledge and even question the analysis methods that were shown in class. The class encouraged students to share their findings and how they came to their inferences. I was really impressed with the diverse discussions within the class room as students worked together to present their findings, a truly communal atmosphere.
Is the Masters in Finance Right for you?
Class visits are a great way to meet informally with current MiF students. Students will have similar financial backgrounds so discussing the programme in detail can prove extremely useful. There will be a member of the Admissions Team present on the day so it’s a great opportunity to discuss the entry requirements of the programme and to ask any burning questions.
Financial Accounting & Analysis – What does it cover?
Financial Accounting & Analysis is one of the core courses featured on the MiF and it looks at the ability to use financial information in various decision-making settings. You will analyse financial information and judge a firm’s prospects based on performance, patterns in their financial statements, profit drivers, assets and obligations. On successful completion of this course, you will be able to:
- use financial information in various decision-making settings
- develop the skills and techniques necessary to analyse financial information and to draw inferences about a firm’s past performance and future prospects
- read and analyse a company’s financial statements, to measure company profitability and identify the drivers of profitability, and to assess the adequacy of the company’s assets to meet its obligations
- understand the main sources of reporting choices and creativity in accounting practice, and to know how to control for this when analysing, valuing and comparing several firms.
Come Join Us!
Come and take part in a class. We have eight Saturday dates when you can join the part-time MiF Investments or Corporate Finance core course either in the morning (09.00-11.45) or in the afternoon (12.45-15.30):
* includes the option to join the class for lunch