How is the London Business School MBA degree valued in the United States?
@LBS
Let me answer this question based on what I have heard from my friends and acquaintances.

British Universities don't go far in creating an impression in Business and Management Science subjects in the USA in particular! that is a fact.
There is this general impression in the USA and abroad that the best business schools are American Business Schools.

Why? Historical Perspective….
#MBA is quintessentially an American Academic Invention and Scholarship.
There were no MBA degrees in Europe during the 1960s and 1970s. I believe the only countries which offered an MBA Degree in the post-war period, outside the USA, were Pakistan, Philippines(Asian Institute of Management)
and probably there were some MBA type business education programs in India at the IIM - Indian Institute of Management, Ahmedabad (require proper citation for this..).
Across European universities, they normally offered Business Diploma/s(Like in Germany) or BSc /MS/ MSc level degree programs in Management Studies or Economics.

Most of them additionally offered Professional Management Programs and Accounting Qualifications like the CA.
But there was no official MBA Program in the EU, including the UK, in the post-war period up to the end of the 1970s.
I think the @LBS MBA program started sometime back in the 1980s. But again I need to check further online to verify my intuition.
Anyway, @LBS is a fantastic business school in its own right, and comparable to other institutions in the City, like LSE, Imperial, Kings, Queen Mary, RCA, SOAS, Royal Holloway, and the other specialized UOL Lead Colleges/ Schools.
However, a #British degree does not create the same kind of impact in the USA like it does in other parts of the world, especially the British Common Wealth, Africa, SE -Asia or how it sells like a hot cake in the GCC / Middle East.
There is a cultural context and a historical reason to explain all this.
The Americans, who were a British Colony, do their utmost to dispel the English Occupation Legacy by creating a strong impression that the USA is a different cultural, social, economic, legal and political entity.
An e.g. of this is that the USA never joined the British Commonwealth.
Hence, for the Americans, their Ivy League and other universities come first, and the other foreign unis are forced to stand in the last corner. They as a nation are obsessed with themselves, which is an international political drawback,
hence nothing doing with your degree being British or from anywhere else. Most of the Americans have hardly travelled outside their state and are largely intro ward people.
It is this ignorance of the American people, that you might not be able to go far with an LBS Degree in the USA.
Yes, among Academic circles, you might be able to push yourself up!

Like if you are going to do a #PhD/ DBA, an LBS qualification can do wonders for you! it will make your CV stand up and shine like nothing else.
But, when you are dealing with the normal enterprises and business blokes in places such as NYC or across the other megacities in the United States, you just won't be able to explain the utility of this brand “LBS” to them.
I can bet on this one!

My friend, who did his MSc in Economics from @LSEEcon, went back to the USA, and he was not able to find a job. The Poor guy later did his PhD from a second-tier uni in the USA, and he is now teaching Economics in the Far East.
Another distant cousin of mine went to the USA after graduating from Imperial College, but again, he was not able to get decent work in the Corporate Sector.

Later, he too ended up in a PhD program and is now working as an instructor in the Middle East.
So, if students from Imperial and LSE cannot make it to the top, I doubt if LBS will help you in any way.

Sorry, If I sound a bit too harsh or pessimistic.

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Risk Manager(Banks,Asset Management,Insurance)

Risk Manager(Banks,Asset Management,Insurance) Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @SAH16928046

15 Jun
Is doing a PhD in finance better than doing a PhD in economics and concentrating in finance?
Both have their own merits and demerits!
Doing a PhD is a matter of great honour and will turn you into a scholar-practitioner in your area of work. So if the financial markets are down, you can always move out of the banks/ hedge funds and get into the world of academics and continue to make a living.
Read 14 tweets
15 Jun
What's the point of doing a one-year industrial placement program, in addition to studying for a one year MSc Degree, if you won't get paid by the employer?
Be careful before you entertain con universities, which will charge you more, and trap you!
I see many universities lure international students, from the poorer parts of the world, by offering them greasy deals.
These countries, where students are allowed to work after graduation, do not guarantee paid decent jobs, or any jobs at all.
It is your luck that matters.
#CON
Better to invest in your home country, if you have the money in your a/c, and turn into an #entrepreneur, if you have the skills, the ideas, zest, zeal and the risk appetite to do well in life.
Why give your money to a con institution which offers a run-of-the-mill type degree?
Read 10 tweets
14 Jun
Somebody on this forum needs to do a thread on quotes, spreads, risk-neutral probabilities, real-world probabilities, order books, market execution, limit ordering strategies, order cueing, and bid-ask spreads, etc.
Market #Microstructures are key to analyzing liquidity risks.
The first thing we need to include within our risk pedagogy masterclass is how liquidity risks vary across financial markets, order books, volatility term structures, asset classes, premarket, auctions, intra-day, and private placement transactions.
Most of the students in a standard risk management program are asked to do statistics, mathematical modelling, and computer programming straight away!
All good.
But, it's important to learn the process, and product features, that leads to financial product development.
Read 4 tweets
13 Jun
What's wrong with Biostatistics is analogously related to the question that was put by the Queen to the Economists at the LSE after the GFC.
The Queen wondered why didn't the economists see it coming?
of course, health pandemics are different, but, the statistical models are not
Scholars working in the biomedical sciences, epidemiology, and #biostatistics spheres, rely on mathematical and applied statistical computing based on modelling assumptions that rely on historical data set observations.
The past cannot and will predict the future with certitude.
Even with Quantum Computing, Data Sciences, Machine Learning, Artificial Intelligence, or any other form of computer-aided Predictive Analytics, scholars across the domains of natural and social sciences will never be able to capture the emergence of rare #Black #Swan #Risks!
Read 13 tweets
12 Jun
Risk Management is like a Greek Tragedy, where actors laugh to express their sorrow. Hence, here what mimics laughter is the Normal (Gaussian) PDF and its assumptions.
I believe the strongest voice that emerged in the Post - Crisis years was that of Dr Nassim Taleb, who heavily criticized risk management models and techniques that assume the Normality of returns, and its volatility in financial markets.
The Credit derivatives aka structured products that were financially engineered by Wall Street and the City Quants to provide a market-beating returns used such techniques to pool assets having negative correlations and a low joint probability of default or time to default
Read 13 tweets
11 Jun
There is an obscure problem when you join the BIG-4 Advisory or auditing, or consulting side of the profession within the services sector.
Most of the co-workers come from an #Accounting background, which makes things awfully difficult to communicate and interpret.
I remember working with an #Audit Expert, having a BIG-4 background.
The chap didn't understand anything except for debit, credit, and fraud risk.
The assignment required to be sophisticated Actuarial Finance, Mathematics, and Econometric Skill Sets to understand the GAPS.
Hence, the biggest problem in the Financial Risk Management, #ERM, Quantitative Risk Management, and other FE Financial Engineering related risk management processes, when working with a #BIG4 Firm, is the interaction with Accountants and Auditors who have their own Lingua Franca
Read 12 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!

:(