MBA
Foundation for Aspirations The LBS MBA is designed to provide a competitive foundation in general management while developing responsible leaders for Africa. Participants will gain a detailed knowledge of all the major functions of business, as well as their interactions in practice. They will be equipped with a thorough knowledge of the main business disciplines, analytical competencies and problem-solving capabilities. The programme s main goal is to develop ethical and responsible leaders who will spearhead Africa s transformation. It also aims to prepare Africa s best, young minds for promising careers with the local and multinational companies expanding their operations in emerging markets, such as Nigeria. Another focus of the programme is to help participants develop excellent skills such as leadership, innovation and critical thinking. These skills will be taught as part of the programme requirements. There is an increasing demand for competent managers across Africa as the continent continues to witness a dramatic positive change. The LBS MBA curriculum contains relevant business and management courses intended to prepare participants for the complex business environment both locally and globally, helping them leverage relevant business and career opportunities. With a newly introduced international exchange programme intended to provide global exposure, participants can be assured of an intellectually engaging 15 months of in-class study. 1 LAGOS BUSINESS SCHOOL / The LBS MBA
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From the MBA Director Lagos Business School, a unique institution, is highly ranked both locally and globally. Due to the quality of our programmes, the institution has consistently been rated highly by the Financial Times. We offer a world class business management education that will provide you the knowledge, tools and experience to handle the intricacies of the current and future business environments. Every year we welcome new participants into our MBA programmes. We attract the best and the brightest faculty members, who impart knowledge and conduct relevant research, to ensure the institution is at the cutting edge of management education and business practice. LBS also partners with other international institutions, such as IESE Business School, Spain; Nanyang Business School, Singapore and Strathmore Business School, Kenya to broaden participants exposure to faculty and students around the world. The institutional focus is on providing a business management education based on Christian values with the aim of impacting the professional and ethical standards of business practice in Nigeria. The curriculum ensures exposure to core management principles, and electives are offered to tailor your learning to your personal interests and career goals. While all course instructions are anchored on the Harvard case-study method of teaching, LBS has gone a step further by developing local case studies that provide solutions to problems faced by companies in emerging markets. The case studies offer a robust sampling of potential business problems a manager would encounter in business management practice. For MBA participants, the institution provides further industry immersion opportunities by offering them a threemonth internship programme and professional services in a local or multinational company. The experience creates a convergence of theory and practice. Is the LBS MBA for you? Absolutely! Graduation from these programmes will enhance your business management knowledge, interpersonal skills, and ethical reasoning thus giving you a competitive edge. Our graduates also join a community of professionals (LBS Alumni) who provides a forum for networking throughout your career. Dr Uchenna Uzo Lagos Business School 3 LAGOS BUSINESS SCHOOL / The LBS MBA
Contents Building Globally Competitive Skills 5 Your Career Is Important To Us 6 Programme Delivery and Content 7 Entry Requirements 8 Admissions Process 12 Partnerships and Exchanges 17 4
Building Globally Competitive Skills Developing relevant and competitive skills needed to jump-start your career or start a business has become more important as we witness GDP growth both achieved and forecast in emerging economies, creating career and entrepreneurship opportunities for only those who are prepared. Our research and teaching excellence will ensure you stay up to date with new, relevant, detailed and global best practices in business and management education. Through strong and insightful research work and consulting experience spanning various industry sectors, our expert faculty teaches relevant management and business knowledge, encouraging you to think outside the box and push boundaries. With our full-time MBA, you will have a detailed understanding of doing business in a complex and dynamic markets, giving you an opportunity to interact with fellow MBA s in other business schools around the world with our international exchange programme. At LBS, we understand the value of relationship and networking to long-term career success, so we give you the opportunity to achieve this through continuous interaction with colleagues while you work on projects, assignments and case studies together. The programme curriculum is designed to include a comprehensive understanding of doing business in emerging economies with special emphasis on Nigeria and Africa as a whole. Utilising a practical approach with real-life case studies and interactions between participants and facilitators, understanding of business complexities and dynamics is simplified. 5 LAGOS BUSINESS SCHOOL / The LBS MBA
Career and Personal Development As part of the programme, you will have access to our Career Office committed to providing you the best available resources and expertise to enable you identify your career goals, thereby creating an optimal fit with the corporate environment. Career sessions are organised to help you understand yourself, explore possible career options, and acquire job search strategies including CV writing and interviewing skills. At the career sessions, you also learn about various industries through interactions with chief executives and human resource managers who facilitate the industry profile and outlook sessions. We facilitate your job and internship search by working with companies to generate offers. One of the ways this is achieved is through the annual MBA Career Fair, an event which brings together employers of choice and MBA participants. The alumni network of LBS and involvement of corporate bodies in our various School programmes also enhance our link to top recruiters. For sound integral personal development which we believe can enhance productivity both on the programme and after, all participants are assigned a Faculty and Alumni mentor who are responsible for providing personalised attention and guide towards personal effectiveness. 6
Programme Delivery and Content To successfully complete the MBA programme, 15 months of in-class study, 3 months of corporate paid internship and at least 72 credit hours of course work are required. There will be three semesters in all; two semesters in the first academic year, one semester in the final year. The last two semesters are elective semesters and students can choose to participate in student exchange programmes with our partner schools abroad or offer electives locally. After the first year, a three months corporate internship is required. LBS uses the case-study method to facilitate learning. With case studies, students are able to apply the concepts and skills that the course is designed to teach, and integrate knowledge from other courses as well as from real-life experiences. Participation is crucial to the learning process. Thus, students must devote some time to personal study to identify the key issues of the case and do some analysis before the class discussion. Work groups are also constituted to enable students discuss parts of the case they find difficult before going into the classroom. Group meetings also enable them see problems and solutions from different perspectives, as the different educational and work experiences of fellow students create a rich diversity. 7 LAGOS BUSINESS SCHOOL / The LBS MBA
Admission Requirements To be considered for admission, you have to meet all the following requirements: Minimum of 5 credit passes including English and Mathematics at the O Level Minimum qualification of a second-class lower degree from a university Minimum of three years post-qualification work experience Competitive GMAT or GRE score Demonstrated intellectual capacity, professionalism, maturity and effective decision-making and problem-solving potential during an interview 8
First Year 9 LAGOS BUSINESS SCHOOL / The LBS MBA
Second Year Student-Led Activities There are several student-led activities that will enable you develop professionalism, build strategic networks, lead and organise local and regional conferences and participate in international competitions. To also help you build global networks and strategic relationships, experiential trips are periodically organised to Asia, America and Europe Toastmasters Finance Club Consulting Academy ABC Club SME Logic Project What Next? Sports Club Helps you develop public speaking skills Prepares you for a career in finance Prepares you for a career in consulting Creates a platform for continued discussion and increased awareness of business opportunities in Africa Provides management advisory services for SMEs Engages industry experts (mainly CEOs of large organizations) Promotes health and physical fitness among participants 10
GMAT All applicants for the programme must submit a Graduate Management Admission Test (GMAT) or Graduate Record Examination (GRE) score. When taking the GMAT, the name of the programme must be specified (e.g. MBA). The GMAT identification code for the Lagos Business School MBA is: 8NM K2 36. For further information on how to enroll, visit www.mba.com for the GMAT or www.ets.org for the GRE Interview Prospective participants who submit GMAT or GRE test score will be short-listed for the next stage of the admission process which is the interview. The interview gives you the opportunity to demonstrate your capacity to contribute to and benefit from the entire MBA experience. We also test your ability to communicate effectively, work well with others and manage pressure, your integrity and ethical values, intellectual capabilities and motivation to embark on the MBA programme. 11 LAGOS BUSINESS SCHOOL / The LBS MBA
Admissions Process 12
The networking opportunities were immense; every day offered a new opportunity to meet with a business leader I ended up with three employment offers I was fresh out of school and was working as the Operations Manager for Arden and Newton, a firm I founded with a friend. After some years, I felt I was ready for the next level. With my engineering background, I needed to develop management expertise, grow my network and increase my exposure. So I decided to join the LBS MBA programme. The course content was rich and the delivery, effective. There was a unique blend of global and local perspectives. The networking opportunities were immense; every day offered a new opportunity to meet with a business leader. I was privileged to lead the first ever LBS Africa Business Conference and that experience has been life changing for me. I was also part of the team that represented the school at the John Moulson Business Case Competition in Canada. The Career Office provided opportunities to network with several employers and equipped me with the skills to apply and go through the recruitment processes. I ended up with three employment offers and chose my present employer as it aligned with my future career goals. Arguably, no other business school would have offered me the skills to navigate the global business environment and simultaneously provide the contextual expertise needed to overcome the challenges of doing business in Africa. Nwagbara Chukwuka (MBA10) Commercial Leadership Program General Electric Nigeria My LBS internship gave me my first international work experience and the application of learned concepts earned me an award of business excellence from the Tony Elumelu Foundation. 13 LAGOS BUSINESS SCHOOL / The LBS MBA
The MBA stretches you. You gain leadership skills, increase your capacity to navigate through uncertainty, and you are able to take on just about any challenge in the work place. Getting my MBA at LBS is one of the best decisions I have ever made. Having worked for a few years, I needed the next big challenge. I wanted to develop core managerial skills that could fast track my career and position me to take on bigger leadership opportunities. If I wanted a world-class MBA out of Africa, I knew it had to be LBS. I knew the opportunities the School opened up for its Alumni. I wanted global knowledge that had local relevance, and I got it! My internship with Accenture Consulting Nigeria was another highlight of the programme. The MBA opened up the opportunity to work in this prestigious organisation where I had the opportunity to network and work on really challenging projects. Toyin Sanwo (MBA10) Associate Brand Manager (Media) Procter & Gamble Nigeria In the course of the programme, every course added value, with the highest levels of mental engagement one could ask for. I was a key member of the student-led team that pioneered the Africa Business Conference in 2013. I was a Co-Chair responsible for Media and Marketing Communications. We attracted over 400 participants (over 20 speakers) drawn from across the continent, and secured big media partnerships including CNBC Africa, Forbes Africa and BusinessDay. 14
Entrepreneurship at LBS In helping to build an entrepreneurship mindset amongst participants, the Entrepreneurship module is a core course that must be taken by all participants. LBS provides the opportunity to learn all the basics about starting and managing a business. In addition to this, opportunities to write and present business plans are also provided through the yearly organised Impact Investing Business Plan Competition. The yearly contest aims to make the MBAs bridge the gap between economic growth and lagging social development through profitable businesses that solve social problems. 15 LAGOS BUSINESS SCHOOL / The LBS MBA
Information Sessions Several sessions are available all year round for you to attend. These Sessions are designed to provide detailed overview of the MBA programme. You can look forward to the following when you come: Interesting case discussion introducing you to the teaching method at LBS Detailed overview of the MBA programme MBA Alumni will be present to share their experience Networking Light Lunch Accommodation Accommodation is available around the school area. Prospective participants are responsible for securing their own living arrangements. If you need help getting a place, kindly contact the Admissions Office. Information sessions are held in several cities including Lagos, Accra, Yaounde, Abuja and Port Harcourt. To attend an information session, kindly register on our website at www.lbs.edu.ng/programmes/mba/ information_session. 16
How to Apply Complete an application form online by visiting our website at www.lbs.edu.ng/programmes/mba/mba_apply. All supporting documents should be attached before submission. Alternatively applications forms can be downloaded on our website. Completed forms with supporting documents should be sent to the address below: MBA Admissions, Lagos Business School, Pan-Atlantic University, KM 22, Lekki-Epe Express Way, Ajah, Lagos 17 LAGOS BUSINESS SCHOOL / The LBS MBA
Supporting Documents The following documents are to be attached to your online application: Degree certificate (statement of result is applicable) Senior School Leaving Certificate NYSC certificate or exemption letter (For Nigerian applicants only) CV Four passport photographs Company consent Evidence of ability to pay (bank statement or sponsorship letter or pay slip) Three completed references 18
Partnerships & Exchanges Lagos Business School is a founding member and active participant in the Association of African Business Schools (AABS). LBS is also a member of the Association to Advance Collegiate Schools of Business and Principles for Responsible Management Education (PRME). Other associations LBS belongs to include the Global Network for Advanced Management (GNAM), the European Foundation for Management Development (EFMD), the Nigerian Economic Summit Group (NESG) and the Convention on Business Integrity (CBI). LBS has a growing list of business school partners with whom student exchanges are regularly organised, as well as collaborations on programmes and research. Contact or visit us You are invited to visit the school at any time. Our work hours are Monday to Friday, 8:30am to 5:00pm. You can also request a sit-in and observe a class discussion. For more information, please contact: MBA Admissions, Lagos Business School, Pan-Atlantic University, KM 22, Lekki-Epe Express Way, Ajah, Lagos. Mobile: 07080070527, Email: mba@lbs.edu.ng 19 LAGOS BUSINESS SCHOOL / The LBS MBA
Resumption Classes for successful candidates begin in September each year. Fees The fees for the programme are announced at the beginning of each academic year. Please find out the current fees at the Admissions Office. The fees cover tuition and course materials only. Scholarship & Financing We have a number of scholarship places available each year. Outstanding students with proven financial need will be selected after they have been offered a place on the programme. If you are not selected for a scholarship, there are other financing opportunities accessible to all participants. 20