London Business School LBS MiM Program – A Complete Guide

By admitStreet Team

The London Business School’s Master in Management (MiM) program stands out as a premier choice for candidates seeking to enhance their business acumen and jumpstart their careers in the dynamic world of business. With a strong reputation globally and a diverse cohort, the MiM program offers an unparalleled educational experience.

In this comprehensive guide, we delve into every aspect of the MiM program at LBS, providing valuable insights and information to prospective students, current applicants, and alumni alike.

From understanding the class profile and employment outcomes of recent graduates to exploring the intricacies of the curriculum, fees, scholarships, and admissions process, this guide serves as a roadmap for those embarking on their MiM journey at LBS.

Key Information on LBS MiM Program

AspectDetails
Program Start DateAugust 2024
Duration12 – 16 Months
LocationLondon, In-person
Financial Times Ranking#3 in the world, #1 in the UK
Employment Success94% within three months of graduation

LBS MiM 2024 Class Profile

The LBS MiM 2024 class profile exemplifies diversity, academic excellence, and international representation.

AspectDetails
Total Students294
Average GMAT Score680
Nationalities Represented55
International Students97%
Female Students55%

Class Composition by Education Background

The LBS MiM class composition reflects a broad range of educational backgrounds, enriching discussions and collaboration within the cohort.

Education BackgroundPercentage
Business/Management33%
Economics18%
Finance/Accounting15%
Maths/Science9%
Engineering8%
Social Sciences8%
Humanities5%
Other4%

Regional Representation

The LBS MiM 2024 class draws students from across the globe, fostering a rich multicultural environment conducive to learning and networking.

RegionPercentage
Europe (excl. UK)36%
East Asia32%
South Asia17%
South East Asia5%
North America3%
United Kingdom3%
Africa/Middle East2%
Latin America (incl. Caribbean)1%
Oceania1%

Observations:

  • The MiM program at London Business School attracts students from a wide array of nationalities, with 97% of the cohort comprising international students. This global representation enhances cross-cultural understanding and prepares students for careers in the global marketplace.
  • With 55% of the cohort being female, the MiM program demonstrates a commitment to gender diversity and inclusivity, fostering an environment where diverse perspectives thrive.
  • The diverse educational backgrounds of students, ranging from business and economics to STEM fields and humanities, contribute to a multifaceted learning experience. This diversity enriches classroom discussions and encourages interdisciplinary collaboration.
  • The high employment success rate of 94% within three months of graduation underscores the program’s effectiveness in preparing students for the job market and facilitating career advancement opportunities.
  • The class composition reflects a strong presence from Europe and East Asia, indicating the program’s popularity and recognition in these regions. Additionally, the representation from South Asia underscores the program’s appeal to students from emerging economies seeking world-class business education.

LBS MiM Employment Report

Employment Sector Distribution

SectorPercentage
Consulting48%
Financial Services26%
Technology16%
Diversified10%

Financial Services Breakdown:

SubsectorPercentage
Investment Banking14%
Private Equity5%
Venture Capital3%
Investment Management2%
Finance – Other*2%

Technology Breakdown:

SubsectorPercentage
FinTech5%
Information Technology3%
Internet/eCommerce3%
Media3%
Technology – Other**2%

Diversified Breakdown:

SubsectorPercentage
Consumer & Retail6%
Healthcare1%
Industrials1%
Diversified – Other***2%

Job Location Distribution

LocationPercentage
United Kingdom60%
Europe (excl. UK)14%
Asia17%
Africa/Middle East6%
North America3%

Salary by Industry

UK POUNDSUS DOLLARS*INTERNATIONAL DOLLARS**
MeanMaxMinMeanMaxMinMeanMaxMin
OVERALL£47,054£104,841£11,140$60,688$121,038$12,682$70,631$180,735$28,546
Other compensation£10,564£65,000£688$13,704$89,924$913$16,234$94,371$1,406
Consulting£46,283£88,157£11,140$60,611$120,754$12,682$69,804$149,285$29,552
Other compensation£7,848£25,030£688$10,289$33,039$913$12,561$60,794$1,406
Financial Services£57,700£104,841£20,966$73,013$121,038$27,201$86,539$180,735$28,546
Other compensation£21,368£65,000£1,450$26,898$89,924$1,888$30,983$94,371$1,982
Technology£43,348£70,000£27,966$54,297$84,663$36,827$64,678$132,260$38,648
Other compensation£9,469£40,000£2,091$12,127$48,935$2,499$13,726$51,355$6,371
Diversified£30,865£45,165£15,335$38,918$56,289$17,933$42,993$53,673$32,627
Other compensation£3,373£4,600£1,550$4,322$6,294$2,021$5,583$7,983$2,121

Observations and Inferences:

  • Industry Variances: There are notable differences in salary levels across industries. Financial services offer the highest mean salary, followed by consulting, technology, and diversified sectors. This trend aligns with the typical salary differentials seen in the job market, where finance and consulting often offer higher remuneration compared to other sectors.
  • Currency Considerations: Conversion rates play a significant role in determining the salary figures in different currencies. While the mean salary in GBP for the overall cohort is £47,054, the equivalent mean salary in USD is $60,688, showcasing the impact of currency fluctuations on reported salaries.
  • Purchasing Power Parity (PPP): The inclusion of International Dollars, adjusted for purchasing power parity, provides a more accurate reflection of the actual purchasing power of the salaries earned by students across various regions. This is particularly relevant given the international nature of the MiM program and the diverse geographic locations where graduates pursue employment.
  • Other Compensation: Apart from base salaries, the report also includes information on other compensation, such as bonuses, which can significantly augment total remuneration packages. This additional compensation varies across industries and may influence students’ career preferences.
  • Range of Salaries: The range of salaries within each industry is considerable, with significant disparities between minimum and maximum figures. This highlights the importance of factors such as individual negotiation skills, prior experience, and job roles in determining salary outcomes.

Salary by Region

UK POUNDSUS DOLLARS*INTERNATIONAL DOLLARS**
MeanMaxMinMeanMaxMinMeanMaxMin
OVERALL£47,054£104,841£11,140$60,688$121,038$12,682$70,631$180,735$28,546
Other compensation£10,564£65,000£688$13,704$89,924$913$16,234$94,371$1,406
Africa/Middle East£44,599£61,157£15,335$59,237$81,130$17,933$109,076$149,285$33,680
Other compensation£11,539£25,030£2,257$15,277$33,039$3,000$28,126$60,794$5,520
Asia£44,707£104,841£11,140$55,366$121,038$12,682$83,811$180,735$31,959
Other compensation£11,075£26,576£688$14,009$36,095$913$20,811$55,590$1,406
Europe£52,326£87,700£20,553$67,870$120,754$25,352$74,122$115,141$29,552
Other compensation£6,851£15,920£1,690$8,918$22,061$2,288$9,765$19,587$2,955
North America£69,559£88,157£49,006$94,156$120,000$66,625$94,167$120,000$66,668
Other compensation£20,276£43,583£7,570$27,689$60,000$10,000$27,691$60,000$10,000
UK£45,924£80,000£23,000$59,240$110,035$27,201$62,170$115,477$28,546
Other compensation£10,501£65,000£1,450$13,599$89,924$1,888$14,272$94,371$1,982

Observations and Inferences:

  • Regional Disparities: The salary distribution varies significantly across regions. Graduates employed in North America command the highest mean salary in both UK pounds and US dollars, followed closely by Europe. This suggests that these regions offer lucrative employment opportunities for MiM graduates.
  • Purchasing Power Parity (PPP): For instance, while Asian salaries may seem lower in US dollars compared to European or North American salaries, the International Dollar values show a higher purchasing power for salaries in Asia.
  • Salary Range: The range between minimum and maximum salaries indicates the diversity of opportunities available to MiM graduates. Particularly in North America, where the salary range is wide, graduates have the potential to secure highly lucrative positions.
  • Career Trajectory: Graduates from the MiM program demonstrate a strong upward trajectory in their careers, with maximum salaries reaching impressive figures across all regions. This highlights the program’s effectiveness in preparing students for successful and rewarding careers in various industries and geographical locations.

Top Employers

The employment report highlights a diverse array of top employers, ranging from leading consulting firms to prominent financial institutions and technology companies. Notable employers that hire LBS MiM graduates include:

  • Strategy&
  • EY-Parthenon
  • Bain & Company
  • Boston Consulting Group
  • McKinsey & Company
  • HSBC
  • Amazon
  • Goldman Sachs
  • J.P. Morgan
  • Morgan Stanley
  • Sequoia Capital
  • Procter & Gamble

Employment Locations

  • Austria
  • Canada
  • China
  • Denmark
  • Egypt
  • France
  • Germany
  • Hong Kong SAR
  • India
  • Italy
  • Kuwait
  • Luxembourg
  • Norway
  • Pakistan
  • Sweden
  • Thailand
  • United Arab Emirates
  • United Kingdom
  • United States of America

Interested to explore the LBS MBA Program? Take a look at this comprehensive guide on LBS MBA Program.

LBS MiM Program Structure & Curriculum

The Master in Management (MiM) program at London Business School offers a comprehensive and dynamic curriculum designed to equip students with the knowledge, skills, and experiences necessary for success in the rapidly evolving world of business. 

The program is structured over several terms, each focusing on different aspects of management education and professional development.

LBS MiM Program Timeline

PhaseDurationDescription
Pre-ProgrammeAugustOnline preparation including modules on Accounting, Finance, Data Analytics, and Academic Integrity.
Introduction to the Tipping Point Profile and Career Foundation.
Datacamp modules and Careers foundation to kickstart the journey.
Term OneSeptember–DecemberIntegrated core modules covering essential areas such as Data Analytics for Management, Finance, Financial Accounting, and more.
Orientation and Skills for Success program to facilitate academic and professional growth.
Career Management support to lay the groundwork for future success.
Term TwoJanuary–MarchFurther integrated core modules alongside elective courses, allowing students to tailor their learning experience.
LondonLAB and Global Experience courses to immerse students in real-world business environments.
Continued support through the Skills for Success program and Career Management resources.
Term ThreeApril–JuneFocus on elective courses and applied learning, enabling students to delve deeper into areas of interest.
Participation in Global Experience courses for a broader perspective on global business practices.
Ongoing development through the Skills for Success program and Career Management guidance.
Optional Fourth TermSeptember–DecemberOpportunity for international exchange to gain exposure to different business cultures and practices.
Core CoursesThroughout the programKey courses covering topics such as Applied Microeconomics, Decision and Risk Analysis, Marketing, Strategy, and more.
Elective CoursesThroughout the programStudents can choose from a selection of over 110 elective subjects to customize their learning experience according to their career goals and interests.

LBS MiM Curriculum Overview

  • Pre-Programme (August):
    • Online preparation covering Accounting, Finance, and Data Analytics.
    • Introduction to Academic Integrity and Referencing.
    • Tipping Point Profile assessment and Careers foundation.
  • Term One (September–December):
    • Integrated core courses including Data Analytics for Management, Finance 1, Financial Accounting, and more.
    • Orientation and Skills for Success programme.
    • Career Management sessions.
  • Term Two (January–March):
    • Continued integrated core courses such as Business Analytics, Finance 2, and Management Accounting.
    • Introduction to electives and LondonLAB experiences.
    • Global Experience courses and Skills for Success programme.
  • Term Three (April–June):
    • Focus on electives and applied learning opportunities.
    • Further exploration of Global Experience courses.
    • Career Management support to transition into the professional world.
  • Optional Fourth Term (September–December):
    • Opportunity for international exchange (optional).
    • Continued access to core courses and a wide array of elective subjects.
    • Emphasis on personalized learning and professional development.

Core Courses:

  • Applied Microeconomics
  • Decision and Risk Analysis
  • Data Analytics for Management
  • Business Analytics
  • Finance
  • Financial Accounting
  • Marketing
  • Performing in Organisations
  • Strategy
  • The Global Macroeconomy

Elective Courses:

  • Approximately 110+ elective subjects covering various aspects of business, tailored to individual interests and career goals.

London Business School Master in Management (LBS MiM) Fees and Scholarships

Tuition Fees

  • LBS MiM Tuition fees for the 2024 intake: £47,500.
  • Student Association Fee: £180 covering the Student Association (SA) subscription.
  • Upon acceptance:
    • Commitment fee: £2,000 (due approximately three weeks after the offer).
    • Reservation fee: £6,000 (due approximately six weeks after the offer).

Payment Options

  • Option to pay in two installments before the end of Term 1.
    • First installment deadline: September.
    • Second installment deadline: December.
  • Full payment option available at the start of the program.
  • Late applicants may have shorter payment timelines.

Scholarships

London Business School is committed to supporting students in financing their graduate studies, offering a range of scholarships and flexible payment options to ensure accessibility and affordability for all admitted students.

  • LBS offers various financing options including merit funds and bursaries.
  • Approximately 20% of the Graduate Masters class receives funding from scholarships.
  • Admitted students are automatically considered for all merit awards.
  • 54 scholarships available for MiM applicants.
  • More information is available on the LBS scholarships page.

London Business School Master in Management (LBS MiM) Application Process

Applying to the MiM program at London Business School involves a structured and meticulous application process. Here’s a comprehensive overview of the application procedure for the MiM program:

Application Deadlines

The MiM 2025 class (August 2024 intake) has staged application deadlines, allowing flexibility for applicants. The deadlines and associated decision dates are as follows:

Application DeadlineInterview Decision SentAdmission Decision Sent
September 25, 2023October 26, 2023November 28, 2023
December 14, 2023February 1, 2024March 14, 2024
March 11, 2024April 4, 2024May 9, 2024
May 2, 2024May 30, 2024June 27, 2024
  • Applicants must ensure their applications are fully complete with all mandatory documents submitted by 11:59 pm UK time on their chosen deadline.

Required Documents

  • Completed Application Form: Applicants must fill out the application form, detailing their academic and professional background, interests, values, and goals. This form can be saved and completed over several sessions before submission.
  • Application Essays: Essays provide applicants with an opportunity to showcase their motivations, leadership experiences, teamwork abilities, and reasons for pursuing a MiM at LBS. Personal statements are not accepted in lieu of essays.
  • GMAT/GRE Score: Applicants are required to take either the GMAT, GMAT Focus, or GRE before submitting their application. A GMAT score of 600 or above is recommended. Unofficial score reports are accepted if official scores have not been received at the time of application.
  • One Page CV: Applicants are encouraged to use the provided CV template. The CV should be attached to the online application form.
  • Proof of English Language Ability: Non-native English speakers must provide scores from standardized English language tests such as IELTS, TOEFL, Cambridge CPE, CAE, or PTE Academic.
  • University Transcripts: Transcripts should include a comprehensive record of completed courses, grades, class of degree, and class ranking (if available). Transcripts not in English must be accompanied by a certified or notarized English translation.
  • Application Fee: A £100 application fee is payable online by credit card at the time of application submission.
  • Referee Details: Applicants must provide details of one referee who can offer insight into their character and abilities. Referees should submit their references via the online system.

Interviews

  • Shortlisted candidates will undergo interviews, typically conducted by members of the alumni community or the Recruitment and Admissions Team.
  • Interviews are currently held virtually. The Admissions Committee assesses all candidates based on the same criteria, regardless of the interviewer.
  • Following the interview, the Admissions Committee conducts a final review of the application and communicates the decision to the applicant by the specified deadline.

Final Thoughts

As we conclude this comprehensive guide to the London Business School Master in Management (MiM) program, we hope it serves as a valuable resource, empowering you to make informed decisions. 

From exploring the class profile of the MiM2024 cohort to delving into the employment outcomes of the MiM2022 graduates, and examining the rigorous curriculum, fees, scholarships, and admissions process, we have painted a holistic picture of what it means to get into the LBS MiM Program.

Whether you aspire to launch your career in finance, consulting, technology, or any other industry, the MiM program at LBS offers a pathway to success, driven by innovation, excellence, and a global perspective.

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