«Home

Is An Mba From Lagoos Business School (lbs) Worth It?

I've heard so much about the Africa-famous LBS, but is the fee,time nd energy worth it? They claim corporate ties with a number of firms ranging from the banking to manufacturin sector, how strong is the alumni network?wat's the demand for LBS MBA grads like? FACTS ONLY!

Avatar
Newbie
30 answers

I personally wouldn't trust anyone that tells me they can get everyone to pass GMAT to the highest scores in 5 salvation days, talkless of 5 working days.

0
Avatar
Newbie

Nah, they return your money if you don't get their guaranteed minimum which in this case is 600.

Some yankee GMAT prep providers like Knewton guarantee you a 50 point increase when you sign on with them.

http://www.knewton.com/gmat/money-back-guarantee

0
Avatar
Newbie

They will give you back your money for helping you achieve a great score when you actually get the score?

I would really like to understand this innovative service proposition.

0
Avatar
Newbie

Ok. But 600 is low imo. You don't need a tutor to get that

0
Avatar
Newbie

600 and above is the guaranteed and i hope u understand what and above means ,it could be anything above 600,610,620,650 ,750,800, once its less than 600 u have your money back, call for more info

0
Avatar
Newbie

^^^Men I want to write the GMAT so bad, do yo have moneyback guarantees for a 700 plus score?

0
Avatar
Newbie

THE GMAT/GRE/TOEFL TEST IS BECOMING AN EPIDEMIC OF FAILURE AND NOT ENOUGH TIME TO PREPARE BECAUSE OF BUSY TIME SCHEDULE?

and you need a high score of 600 and above to get into your desired ivy-league MBA school?

We can assist you to get that high score guaranteed!!!

Within five working days.

Call: 018837758

E mail: help_gmats@yahoo.com

NOTE: Respond ONLY to this advert if you have Not written the exam before!!!

0
Avatar
Newbie

An EMBA and an MBA are two different programs. The admissions officers are very careful about who they admit into the various programs. For the very good schools, its about the quality of the class discussions. Senior executives can not sit in the same class as fresh graduates or graduates with a few years experience. Your age is also very important. The average age in an EMBA class is about 33 while it is much younger for MBA programs.

Of course, my comments are about the top MBA programs in Europe and the US. I don't know if its different in Africa.

0
Avatar
Newbie

More evidence of difference between MBA vs EMBA, and EMBA vs P/T MBA:

http://admit1mba.blogspot.com/2009/04/mba-programs-emba-vs-part-time.html

http://w4.stern.nyu.edu/emba/faq.cfm?doc_id=4824

http://www.london.edu/programmes/emba/faqs.html

0
Avatar
Newbie

To further back AjanleKoko up:

http://www.accessmba.com/mba-orientation/choose-your-mba/overview-of-mba-programs/index.html

Overview of MBA Programs

Full-time, Part-time, On-line and Executive MBAs

MBA programs are numerous. With so many options, the search for the MBA that is best suited for your goals is a strenuous and demanding process. The first step is to identify the type of MBA you are looking for. Above all, you need to realize that there is no "best" or "worst" MBA. Each prospective MBA student has his or her own vision of his or her career development.

It is generally accepted that all MBA programs can be divided into four groups: full-time MBA, Executive MBA, part-time MBA and distance learning MBA. To understand why a full-time MBA still remains what many prospective students refer to as the "authentic" MBA, it is important to illustrate the difference between the traditional MBA delivery method and other program types.

Lately, many kinds of joint MBA programs have been introduced to the market. For instance, more and more B-schools recognize the benefits of part-time students studying elective courses with full-time peers. A few programs even teach part-time and full-time students together, the only difference being the time in which the degree is completed; typically, a part-time program lasts much longer than its full-time counterpart.

The full-time MBA

These programs are mostly self-sponsored and you will find yourself in a stimulating atmosphere ideal for earning your MBA degree without external pressures. Another strong advantage is that you will learn as much from your peers as from teaching staff. A full-time MBA is notorious for providing the best environment for students by establishing long-lasting contacts and friendships. Finally, the full-time programme delivers a complete package of MBA services: career opportunities, increased salary, networking, personal development, and educational experience.

The part-time MBA

This delivery method is designed for your professional needs if you are seeking to advance your existing career. The average age of part-time students is 29 (GMAC 2006) with a GMAT score of 490, whereas full-time participants are on average 26 years old with a GMAT score of 540. Thus, part-time and full-time MBAs differ. The difference could be due to the nature of the student body: those who are younger potentially have less experience and are possibly more academically competitive (GMAC, 2006).

Part-time programs give you the luxury to maintain your full-time job. You will have classes on weekday evenings, weekends, or both. Occasionally you will need to spend short periods of time, typically a week, in residence on campus. The curriculum of a part-time program is identical to the full-time version and the degree awarded is exactly the same. However, part-time programs do not emphasize career and salary issues as part-time students are often sponsored by their employers.

The distance learning MBA

If you need your employer's sponsorship to complete an MBA degree, distance learning is probably the best choice. An employer will sooner agree to sponsor such an MBA than any other MBA type because it is significantly less expensive and the disruption to your job commitment is minimal. Another advantage of this option is that the application requirements are flexible and the GMAT test may not be required.

Keep in mind that online education is by no means an easy option. You really need to exercise self-discipline to complete the degree. The online MBA drop-out rate is higher than that of any other program type. It is important to consider that the program will take more than three years. In spite of the independence and convenience an online MBA offers, you have to be selfdisciplined in balancing your studies, work and personal life.

The executive MBA

The "rising star" of MBA programs is the option that is prominent in the MBA arena. The EMBA places strong demands on candidates; an impressive academic background and relevant experience are required. An EMBA is essentially career enhancing rather than career changing. EMBA participants are considerably older and what is the most important, they have a wealth of work experience under their belts, 10 years is often the norm with some participants having worked for 15 years or more. This in turn translates into dynamic classes with EMBA students and faculty learning much from each other, compared with the more traditional teacher/pupil approach of an MBA class. The EMBA offers an excellent combination of innovative methods and classes closely tied to real-life experience. One of the main attractions of EMBA programs is the opportunity to share classes with highly experienced senior managers. You will be able to apply newly acquired EMBA knowledge in the work-field more quickly than the knowledge acquired by any other MBA delivery method. This explains why in spite of the high costs, many companies remain enthusiastic sponsors of their employees who choose the EMBA. In most cases the initiative to attend an MBA belongs to managers, not to employers. Thus, pursuing an EMBA involves the delicate task of persuading an employer that the company will benefit by covering the cost of an Executive MBA.

An EMBA is a leader in terms of salary increase

Upon completing an EMBA program the average salary increase is 15 percent. Recently some schools have reported increased numbers of EMBA students who are self-sponsored. It has become standard for EMBA programs to combine elements of modular programs with lengthy residential sessions and online learning.They are increasingly global in scope, with classes held in various locations around the world and intervening periods spent in online learning and group work.

0
Avatar
Newbie

Wrong.

EMBA and Part-Time MBA are not the same programs. Maybe in Nigeria sha. Elsewhere in the world, it is not the same.

0
Avatar
Newbie

In the top schools, unlike MBA which you can enrol for normally after 2-5 years experience (in exceptional cases, even zero years), you have to have significant experience (over 10 years) to do an EMBA, so they are not the same.

See this article:

http://news.efinancialcareers.co.uk/newsandviews_item/newsItemId-23147

Whilst the average age in the class of MBA is probably 28 years, in EMBA you would be looking closer to 36 years.

I even think some schools have P/T MBA which is fundamentally the part time version of the MBA.

0
Avatar
Newbie

For global MBA rankings, visit http://rankings.ft.com/businessschoolrankings/global-mba-rankings

For Africa MBA rankings, visit http://toprankingmba.com/topmba_africa.htm

For the global rankings, FT is quite reputable and cited by many sources online. For Africa . . . ah, well. It was a challenge finding any site online referring to Africa MBAs, that was not a South African site. It doesn't look like the world even recognizes MBAs from Africa.

I don't know about the corporate references. LBs is indeed regarded by corporates in Nigeria, but the foreign MBAs have a distinct advantage.

If knowledge or the certificate is your objective, rather than pay N2m, use that to get a distance learning MBA from one of the global top 100. If it's networking, try out LBS. You'll definitely meet people. But I doubt that kind of high-powered networking is available for now in Nigeria. Corporate Nigeria is not that developed.

0
Avatar
Newbie

How do most of you guys just want to counter what someone else posted?

please if you are giving statistics of lbs ranking, fees and how reliable please can we have facts?

This is not a forum to bring someone else's post 'down' but rather to help ourselves where such is needed

Ah wetin sef !!!

0
Avatar
Newbie

LBS is a good school.

At least it's probably the best post graduate sch in Nigeria.

I think it's a good alternative for those seeking quality MBA but can't afford to leave Nigeria.

0
Avatar
Newbie

@ajanle; i agree wit u on d global ranking. But I dont know about d african mba rankings. Though lbs claims 2b #2 in africa.

0
Avatar
Newbie

The main reason i will want to do an MBA from LBS is networking, in my line of business, i will need as much contacts as possible

so if some time and N2m will increase my network (hopefully, appropriately), i will pursue it

@poster, if you already have a job, then u can give LBS a shout

0
Avatar
Newbie

Well. . . LBS is not in the top 100 rated MBA schools globally, sorry.

Not even in the top 5 in Africa.

0
Avatar
Newbie

@wholex,u truly have experience,sagamite is just saying EMBA and MBA are not d same,they are d same,it is just like full time and PT,the EMBA,Means executive MBA,but anybody with money can still do EMBA,even if u re not an AGM OR DIRECTOR,it is money and d price of convenience,even there are ED's in regular MBA class paying less.tanx.

0
Avatar
Newbie

@wholex,u truly have experience,sagamite is just saying EMBA and MBA are not d same,they are d same,it is just like full time and PT,the EMBA,Means executive MBA,but anybody with money can still do EMBA,even if u re not an AGM OR DIRECTOR,it is money and d price of convenience,even there are ED's in regular MBA class paying less.tanx.

0
Avatar
Newbie

An EMBA is essentially a part-time MBA, but the average student profile is slightly different. These programs are aimed at experienced executives who prefer not to take a career break to take a full-time MBA. Like i said the difference is basically the mode of study.

Just like part -time degree program was conceptualize for working class who does not have the luxury of time doing full time degree program. Same as EMBA created for working class executives who dont have time to attend full time program.

So how does this dispute the rating of lbs as the 59th business school worldwide

0
Avatar
Newbie

MBA is for anybody (from those that have just finished undergrad to those with a few years of experience).

EMBA is strictly for C-Level people (i.e. board level executives, directors and senior managers e.g. AGM and above in a Naija bank).

Hence MBA and EMBA are different courses.

0
Avatar
Newbie

@sagamite , do yu have any contrary data.

Dont know what yu are trying to establish here. MBA and EMBA is the same thing . The diff is the mode of study. There curricular is same

0
Avatar
Newbie

let's not go back and forth on this issue? a simple way out is to give an example of anyone who's been there and the subsequent effect on his status or employment leverage. any examples; friends, family, ?

0
Avatar
Newbie

if you have the extra cash, u can go for it. if not, use your hard earned money for something else

0
Avatar
Newbie

It is not true that the MBA in LBS is rated 59th in the world.

Maybe the EMBA, not the MBA. There is a difference between EMBA and MBA.

0
Avatar
Newbie

@poster.it is above 2m.@sagamite u said it is not true,say what u know abt lbs,have u been there or known a person who has been there b4?say wat u know and dont say it is not true.

0
Avatar
Newbie

any idea aw much d MBA cost?

0
Avatar
Newbie

It is really worth it.RATED 59TH business school worldwide and 2nd in Africa,after SA business school.Value for money, no regrets.

0
Avatar
Newbie
Your answer
Add image

By posting your answer, you agree to the privacy policy and terms of service.