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{{Short description|Profit private business and finance school, London}}
{{Distinguish|London Business School|London School of Economics}}
{{Distinguish|London Business School|London School of Economics|The London Institute of Banking & Finance}}
{{Infobox
{{Use dmy dates|date=April 2022}}
|name = Infobox/doc
{{Infobox university
|bodystyle =
|above = London School of Business and Finance | name = London School of Business and Finance
| image = London School of Business and Finance (LSBF) logo.png
|titlestyle = =
| image_size =
|image = [[File:LSBF business school logo.jpg|220px|alt=The London School
| image_alt =
of Business and Finance logo]]
|imagestyle = | caption =
|caption = | established = {{start date|2003}}
| closed = <!-- {{end date|YYYY}} -->
|captionstyle =
| type = Private ]
|headerstyle = background:#ccf;
|labelstyle = | parent =
| rector = ]
|datastyle =
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|label1 = ]
| administrative_staff =
|data1 = Shaping Success in Business and Finance
| students =
|label2 = Established
| undergrad =
|data2 = 2003
| postgrad =
|label3 = Type
| city = ]
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| country = UK
|label4 = ] and ]
| coor = {{coord|51.5085|-0.0782|type:edu_region:GB-LND|display=title}}
|data4 = ]
| campus = Urban
|label5 = ]
| free_label = Owner
|data5 = Professor James Kirkbride
| free = ]
|label6 = Patron
| website = {{URL|https://www.lsbf.org.uk|lsbf.org.uk}}<br />{{URL|https://www.lsbf.edu.sg|lsbf.edu.sg}}
|data6 = ]
| logo =
|label7 = ]
|data7 = Professor Alfred Morris
|label8 = Location
|data8 = ], ]
|label9 = Campuses
|data9 = ], ], ], ], ]
|label10 = Website
|data10 = http://www.lsbf.org.uk
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The '''London School of Business and Finance''' (informally '''LSBF''') is a private ] in the ], owned by the ] corporate group ]. It was founded in 2003 by the entrepreneur Aaron Etingen. By 2015 it had become one of England's largest private colleges.<ref name ="THE3" />


The school's main base is in London, with sites in ] and ]. It also has a branch in ]. It offers ] programmes in ], ] and ]; executive and corporate short courses; and training for the ] and ] examinations. It does not have degree-awarding powers of its own. All degrees are awarded by external institutions.<ref name = "QAAMain">]. . Retrieved 5 May 2016.</ref>
The '''London School of Business and Finance''' (informally '''LSBF''') is a ] ]<ref>{{cite news|url=http://www.publications.parliament.uk/pa/cm201012/cmselect/cmbis/885/88509.htm|title=Business, Innovation and Skills Committee - Twelfth Report: Government reform of Higher Education |accessdate=15 February 2013|publisher=UK House of Commons Select Committee (Business, Innovation and Skills Committee) |date=1 November 2011 |location=London}}</ref> ] based in ], ].<ref>{{cite news|url=http://www.independent.co.uk/student/postgraduate/mbas-guide/private-schools-take-on-the-public-providers-2099742.html|title=Private schools take on the public providers |accessdate=10 January 2012|publisher=The Independent|date=7 October 2010|location=London|first=Martin|last=Thompson}}</ref> It is completely separate from and not at all affiliated with ] (LBS), which is the graduate business school of the ]. LSBF offers ] programmes in ], ] and ]; bachelor degrees; executive and corporate training; and ] training for the ], ], ] and ] qualifications. LSBF's programmes are currently validated by partner institutions including the ], the ], the ], and ].

LSBF is based in ], with two campuses in ]. In addition the school has campuses in ] and ], United Kingdom; ], Canada; and ]. LSBF's teaching and education philosophy is based on offering students the opportunity to pursue both an academic degree and a professional qualification simultaneously.<ref>{{cite web|url=http://www.lsbf.org.uk/school.html|title=About Us|accessdate=8 April 2012|publisher=London School of Business and Finance}}</ref>


==History== ==History==
], London]] ], London]]
The London School of Business and Finance was founded in 2003 by the British entrepreneur, Aaron Etingen (also known as Arkady Etingen).<ref name = "Guardian1">Malik, Shiv; McGettigan, Andrew; Domokos, John (30 May 2014), . '']''. Retrieved 5 May 2016.</ref> He was born in Russia, raised in Israel, and moved to the UK at age 18 to study business and finance. According to 2010 interviews with Etingen in '']'' and the '']'', LSBF began in an attic on ] with "two rooms and four students" taking accounting courses.<ref name = "Huggins">Huggins, Donata ( 29 October 2010). . '']''. Retrieved 5 May 2016.</ref><ref name=nyt281110>{{cite news|url=https://www.nytimes.com/2010/11/29/education/29iht-educlede29.html|title=Poking, Tagging and Now Landing an M.B.A.|access-date=9 May 2016|newspaper= ]|date=28 November 2010|first=D.D.|last=Guttenplan}}</ref> The school gradually expanded its portfolio of programmes over the years. By 2010, it had established two further UK branches in Birmingham and Manchester and was offering MBAs and MScs in finance and marketing and a Masters in international business (all awarded and validated by external institutions), as well as executive and professional training with a strong emphasis on finance.<ref>Anderson, Linda (21 June 2010). . '']''. Retrieved 5 May 2016.</ref>
The London School of Business and Finance was founded by Aaron Etingen in 2003.<ref name=nyt281110>{{cite news|url=http://www.nytimes.com/2010/11/29/education/29iht-educlede29.html|title=Poking, Tagging and Now Landing an M.B.A.|accessdate=10 January 2012|publisher=The New York Times|date=28 November 2010|first=D.D.|last=Guttenplan}}</ref> It began as a provider of ] and ] programmes and training for professional qualifications such as ] and ], later expanding to provide ] and ] degrees in partnership with other higher education institutions.


In March 2010 LSBF launched an MBA (at the time externally validated and awarded by the ]) which it billed as capable of completion in as little as eight weekends via eight intensive core modules delivered on campus and online.<ref>Chynoweth, Carly (3 March 2010). . '']''. Retrieved 5 May 2016 (subscription required for full access).</ref> In October of that year, LSBF also launched a "Global MBA" on ], with the eight intensive modules broken down into smaller units. Students could take the modules for free, paying only if they chose to take the examinations.<ref name=nyt281110 /> LSBF established further UK institutions (collectively known as the ]) in 2011 and that same year opened branches in Toronto and Singapore.<ref>{{cite news|title=London School of Business and Finance opens Canadian campus|url=https://www.theglobeandmail.com/report-on-business/managing/business-education/london-school-of-business-and-finance-opens-canadian-campus/article1935510/|work=] |first=Diana|last=Mclaren|date=9 March 2011|access-date=9 May 2016}}</ref><ref>Lee, Pearl (26 February 2014). . '']''. Retrieved 5 May 2016.</ref> The Ontario Ministry of Training, Colleges and Universities issued a ] against the Toronto branch in April 2013 ordering it to halt teaching and stop charging for and advertising a number of its vocational programmes, including ]s. A spokesman for LSBF Canada, which at the time (October 2013) was fighting the decision in the Canadian courts, described the restraining order as "unfair" and said that the institution had "always operated lawfully in Ontario".<ref>Matthews, David (31 October 2013). . '']''. Retrieved 9 May 2016.</ref> As of 2016, the former official website for the Toronto branch (lsbf.ca) carried the name "Innovative Skills Academy" and was labelled "under construction".<ref>, archived version of 20 March 2016 from ]. For the original version of the site prior to the April 2013 restraining order, see the version of archived by archive.org.</ref> As of 2018, the lsbf.ca domain redirects to Toronto School of Management, a ] launched in 2017 by LSBF's owners, ].<ref>] (2018). . Retrieved 18 January 2019.</ref><ref name = "PRNewswire">Toronto School of Management (16 October 2017). . ]. Retrieved 17 January 2019.</ref>
LSBF opened its first campus outside of the UK in ], ], in February 2011.<ref>{{cite news|title=London School of Business and Finance opens Canadian campus|url=http://www.theglobeandmail.com/report-on-business/managing/business-education/london-school-of-business-and-finance-opens-canadian-campus/article1935510/|work=Globe and Mail | location=Toronto|first=Diana|last=Mclaren|date=9 March 2011}}</ref> In June 2011, LSBF opened an institute in ], the first ] campus of a UK-based business school. At both international offices, the school provides accounting programmes and professional qualification training.<ref>{{cite web|url=http://www.lsbf.edu.sg/school/why-study-with-us/|title=Why Study With Us|accessdate=8 April 2012|publisher=London School of Business and Finance}}</ref><ref>{{cite news| url=http://www.nytimes.com/2011/07/11/world/europe/11iht-educbriefs11.html?_r=1&scp=1&sq=London%20School%20of%20Business%20and%20Finance&st=cse | work=The New York Times | title=Dutch Education Will Have a Three-Pronged Approach | date=10 July 2011}}</ref>


According to '']'', after the market reforms of post-secondary education introduced by UK higher education minister ] in 2011, LSBF and its subsidiaries experienced rapid expansion. ] was also describing itself as "a member of the LSBF Group" in 2012 after it was bought by Etingen's company Interactive World Wide Limited.<ref>Morgan, John (2 July 2014). . '']''. Retrieved 5 May 2016.</ref><ref>''EducationInvestor'' (8 May 2012). . Retrieved 5 May 2016.</ref> Together, LSBF and St Patrick's grew from 50 government-funded students in 2011 to approximately 6,000 over the next two years. In 2013 LSBF and St Patrick's collectively netted £13.5m in tuition fee payments, with their students receiving a total of £49m in government loans and grants.<ref name = "Guardian1" /> In April 2013, LSBF was one of 116 UK businesses to receive the ] for achievements in international trade.<ref>The Queen's Awards Office. . Retrieved 9 May 2016.</ref>
In March 2010 LSBF launched an MBA that students may complete in as little as eight weekends.<ref>http://www.thesundaytimes.co.uk/sto/incoming/article256500.ece |title=The MBA that takes only eight weekends |publisher=Sunday Times | date=2010-03-28 |accessdate=2013-01-21</ref> To accomplish this, LSBF offers one of the eight required courses on campus each weekend, allowing students to acquire an MBA in a relatively short period of time compared to as long as two to three years at traditional institutions.


Over the years LSBF's degrees have been awarded and validated by a number of UK and European universities. However, by 2014 it had lost all its degree-validating UK university partners, retaining only the European-based ] and ].<ref>Matthews, David (20 February 2014 . '']''. Retrieved 9 May 2016.</ref><ref name = "QAA2015" /> In May 2014, '']'' reported LSBF lecturer's claims that the institution "is chaotically organised, lacks basic teaching resources and maintains disruptive students on its books to keep the income they generate flowing in".<ref name = "Guardian1" /> In June 2014, the UK Home Office suspended LSBF's ] to sponsor non-] students for study or work visas, due to "numerous, broader failings" in respect of LSBF's sponsorship duties, an allegation which the LSBF denied.<ref>{{cite magazine|url=http://www.timeshighereducation.co.uk/news/private-college-singled-out-by-immigration-minister-hits-back/2014196.article|title=Private college singled out by immigration minister hits back|access-date=9 May 2016|magazine=Times Higher Education|date=27 June 2014|first=Chris|last=Parr}}</ref> The licence was reinstated on review a few months later, but suspended again in September 2015.<ref name ="THE3">Morgan, John (3 September 2015). . '']''. Retrieved 5 May 2016.</ref> The UK Home Office formally revoked LSBF's permission to recruit non-EU students in January 2016. As a result, 350 students were told they had to leave the UK by the end of March 2016. The college said students would be able to complete their courses either by studying a compressed course or transferring to affiliated institutions in France or Spain.<ref name = "BBC1">Burns, Judith (5 February 2016). . ]. Retrieved 9 May 2016.</ref>
In October 2011, the British television channel ] featured the LSBF School of English in a documentary about a group of young immigrants who went to the UK to realise their professional ambitions. One of the students was an LSBF student who enrolled for an English course to be prepared for an important job interview.<ref>{{cite web|url=http://www.bbc.co.uk/iplayer/episode/b016ltd7/Young_Foreign_and_Over_Here/ |title=BBC Three - Young, Foreign and Over Here |publisher=Bbc.co.uk |date=2011-11-21 |accessdate=2012-05-26}}</ref>


] (right), site of LSBF Singapore's main campus]]
In December 2011, ] chaired the inaugural lecture of a new series of annual business lectures in partnership with the ]. The guest speaker was former Director-General of the CBI and former Minister of State for Trade & Investment, ].<ref name=rsainaug>{{cite web|url=http://rsalsbf.eventbrite.com/|title=The Inaugural LSBF HRH Prince Michael of Kent Business Lecture: Fixing Britain|accessdate=8 April 2012|publisher=RSA Events}}</ref>
LSBF's parent company ] had acquired London's ] in June 2015 and a few months later announced plans for a two-year restructuring process of the LSBF Group set to begin in mid-2016. According to John Cox, director of organisational development at GUS, the plan involves LSBF coming under a new vocational entity offering only diploma courses, short courses and corporate training products. The vocational courses delivered by St Patrick's College and the Birmingham-based Finance Business Training (also owned by GUS) would also come under this division. The University of Law would become sole provider of academic qualifications and professional qualifications, including the master's degrees previously offered by the LSBF Group. However, as of 2019 LSBF was still offering master's degrees awarded by the ] and ]. There were no programmes provided or validated by the University of Law.<ref>{{cite news|last1=Morgan|first1=John|title=University of Law sold to Global University Systems|url=https://www.timeshighereducation.co.uk/content/university-law-sold-global-university-systems|access-date=21 July 2015|work=Times Higher Education|date=2 June 2015}}</ref><ref name = "Custer">Custer, Sara (25 September 2015). . ''The Pie'' (Professionals in International Education). Retrieved 5 May 2016.</ref><ref>London School of Business and Finance (2018). . Retrieved 27 April 2018.</ref>


==Campuses and locations==
In April 2012, LSBF formed a partnership with ], as part of which a suite of new London Metropolitan University-validated undergraduate, postgraduate and professional programmes were delivered by LSBF at its UK campuses, for both UK and international students.In December 2012 this joint partnership was ended by mutual agreement, with both LSBF and London Metropolitan University issuing the following press release "Both parties have agreed that, although much had been achieved during this period, given the basis on which the partnership had begun, and the changes in the higher education market, it would be better for each institution to take independent paths." <ref>{{cite web|url=http://www.timeshighereducation.co.uk/story.asp?sectioncode=26&storycode=422185&c=1 |title=Business school sheds staff and courses as visa rules bite |publisher=Times Higher Education |date= |accessdate=2012-12-28}}</ref>


LSBF is based in ] with sites in ] and ]. The head office and main campus is at Sceptre Court in Tower Hill. The school also has an international branch in ]. The main campus and headquarters of LSBF Singapore are located in the GB Building in the ] of Singapore, with further classrooms in nearby Cecil Street.<ref name = "QAA2015">]. (March 2015). . Retrieved 31 January 2019.</ref><ref>LSBF Singapore. . Retrieved 31 January 2019.</ref>
In October 2012, LSBF appointed ] as its new ] and ].


==Organization and administration==
In March 2013, LSBF teamed up with ] to launch a new educational institution that will offer management and leadership training by teaching transferable skills from the football and the business worlds.<ref>http://www.educationinvestor.co.uk/(X(1)A(3RWNbO5UzgEkAAAAZTk5MmE1ZDctMTg1YS00ZmJiLTg1ODUtZTA0MzE5ZDRlYjkybjxPF9dGMOdZXavP2L5de-cIBpU1)S(2i2bsg55k2q3fhvp032ihc45))/ShowArticleNews.aspx?ID=3220</ref> It was the first time a ] club and a business school have joined forces to launch an educational institution.<ref>http://www.liverpoolfc.com/news/latest-news/lfc-and-lsbf-join-forces</ref> The new programme will be branded ELITES – Education and Learning Initiative Training Entrepreneurs in Sport.<ref>http://news.yahoo.com/liverpool-fc-london-school-business-finance-lsbf-join-105618517.html</ref><ref>http://thepienews.com/news/lsbf-launches-new-brand-with-liverpool-football-club/</ref>


===Ownership===
On 21 April 2013, LSBF was awarded the ] for its achievements in international trade.<ref>http://www.ft.com/cms/s/0/17cc119e-a8f8-11e2-a096-00144feabdc0.html#axzz2RC9Ir4Vc</ref><ref>http://news.yahoo.com/london-school-business-finance-wins-queen-award-enterprise-053409320.html</ref>
LSBF and the institutions of the ] are owned by ] (GUS), a ] registered in The Netherlands.<ref>Morgan, John (17 April 2014).. '']''. Retrieved 5 May 2016.</ref> GUS also owns ], ], ] in Germany, and London's ] as well as the e-learning company InterActive Pro and several other educational brands.<ref>Lyons, Tom (23 December 2013). . '']''. Retrieved 5 May 2016.</ref>

In May 2013, LSBF announced a partnership with ], the ] arm of ]. The agreement aims to offer online ] in the ], ] and ].<ref>http://www.educationinvestor.co.uk/ShowArticleNews.aspx?ID=3327</ref><ref>http://thepienews.com/news/lsbf-partners-with-cornell-university-usa/</ref>

==Campuses and locations==
]
LSBF is based in ]. In the United Kingdom it has offices in ] and New Court, London, ] and ]. LSBF currently has international offices in ] and ], Canada, which offer preparatory courses for the ] professional qualification as well as Executive and Corporate Training.<ref>http://www.lsbf.org.uk/campuses.html</ref>

LSBF has representative offices in ], the ], ], ], ], ], ], ] and the ].<ref>{{cite web|title=LSBF - Contact Us|url=http://www.lsbf.org.uk/contact.html|work=LSBF - Contact Us|accessdate=22 May 2011}}</ref>

==Organisation and administration==
<!--]-->


===Governance=== ===Governance===
] was appointed ] and ] of LSBF in 2012. He also serves as the Chief Academic Officer of Global University Systems. In 2017 Rathakrishnan Govind was named global CEO of LSBF with Maurits van Rooijen remaining as LSBF's rector.<ref>EducationInvestor (11 July 2012). . Retrieved 5 May 2016.</ref><ref>]. . Retrieved 5 May 2016.</ref><ref>London School of Business and Finance (24 April 2017). . Retrieved. 28 January 2019.</ref>
In October 2012, LSBF appointed Professor Dr Maurits Van Rooijen as its new ] and ] to expand innovation and academic development. Prior to his appointment at LSBF, Prof Van Rooijen was ] and CEO of the ] ] in the Netherlands. With a career spanning 25 years, Prof Van Rooijen is an economic historian with a ] in Green Urbanisation from the ]. He has held positions at several universities across the globe, including ], ], and ].<ref>http://www.educationinvestor.co.uk/ShowArticle.aspx?ID=3027</ref>


LSBF's patron is ].<ref>HRH Prince Michael of Kent (official website). . Retrieved 5 May 2016.</ref>
Professor James Kirkbride has been ] of LSBF since September 2010 and Professor Alfred Morris has been ] of the Board of Governors since 2011. LSBF's ] is ].<ref>{{cite web|url=http://www.princemichael.org.uk/charities/education/|title=Charities & Organisations|accessdate=8 April 2012|publisher=HRH Prince Michael of Kent}}</ref><ref>{{cite web|url=http://www.lsbf.org.uk/school/patrons.html|title=Our Royal Patron|accessdate=8 April 2012|publisher=London School of Business and Finance}}</ref>

===Ownership===
LSBF is a company limited by guarantee and part of the LSBF Group, which also includes the London College of Contemporary Arts (LCCA), the e-learning platform InterActive, Finance Business Training (FBT), School of Fashion and Design (SFDLondon), LSBF School of English.

St Patrick's and LSBF work together in an alliance cooperation called The Central London Campus Alliance (CLCA). The CLCA schools share resources, best-practice, recruitment channels and other core functions. Being based in central London they benefit from an open and ‘friendly alliance’ but remain distinct and separate legal entities.<ref name="lsbffd"/>


==Academics== ==Academics==
]


===Programmes=== ===Programmes===
LSBF does not have degree-awarding or diploma awarding powers in the UK. All degree-level programmes offered at the London campuses are validated and awarded by external institutions.<ref name ="QAAMain" /> As of 2018 the school offers courses in a range of business and finance subjects, including several MBAs validated and awarded by the ]. It also offers executive and corporate training courses and preparation for the ] and the ] examinations.<ref>London School of Business and Finance. . Retrieved 18 January 2019.</ref> The courses are delivered using a range of full-time and part-time, blended and online modes. Its online programmes are delivered via an e-learning platform managed by InterActive Pro, another Global University Systems subsidiary.<ref name = "QAA2015" /> Since November 2016, LSBF has been accredited as a short course provider in executive education by the ].<ref>]. {{Webarchive|url=https://web.archive.org/web/20170427023545/http://www.the-bac.org/accredited-providers/directory/15473/15473 |date=2017-04-27 }}. Retrieved 12 May 2017.</ref> Following the revocation of its visa sponsor licence by the UK government in January 2016, it cannot offer long-term courses or work placement to non-] students.<ref name = "BBC1" />
LSBF collaborates with ] to provide two year Master’s degree programmes including ], MSc in Finance, and Master of International Business (MIB) and MSc Fashion and Luxury Management in addition to one undergraduate degree, the Bachelor in International Business. The school also provides dual MBA programs, which combine an MBA degree with another program, such as ACCA, CFA or CIMA.<ref name="lsbffd">http://www.lsbf.org.uk/news-and-media/news/fashion-design.html</ref>

LSBF offers a range of ], ] and professional programmes, including MBA Global, MSc Finance & Investment, BSc Business Management and Diplomas in Accounting & Finance and Strategic & Financial Management.<ref name="lsbflmu">http://www.lsbf.org.uk/school/partners/london-metropolitan-university.html</ref>

With the University Of Central Lancashire (UCLAN), LSBF delivers a range of undergraduate programmes including Bachelors in Business Administration, Bachelors in Accounting & Financial Studies and LLB Law.<ref>http://www.lsbf.org.uk/school/partners/uclan.html</ref>

LSBF offers an LLM in International Business Law in association with ].<ref>http://www.lsbf.org.uk/school/partners/bradford-university.html</ref>

LSBF is also certified by the ] for tuition for the Diploma in ]<ref></ref>

]

====Online programmes====
LSBF delivers a wide range of programmes through the e-learning platform InterActive. This includes MBA, MSc in Finance, MSc in Marketing, ], ], ] and a range of over 20 online Postgraduate Certificates. Through InterActive, students have access to online classrooms, discussion forums and a range of resources including live and recorded video lectures, 24-hour technical support service, online library and Harvard Business School 'Case in Point' publications to support their learning activities.<ref>http://www.lsbf.org.uk/programmes/masters/mba/mba-online.html</ref>

In 2010 LSBF developed two applications using the social media platform Facebook: The LSBF Prep Centre for ACCA, a comprehensive study resource for students of ACCA, and the LSBF Global MBA, the world's first Master’s degree that is delivered entirely on Facebook, in a ‘try before you buy’ manner. Both applications offer study material that is available for all to view, free of charge.<ref>http://www.lsbf.org.uk/study_online/acca_online.html</ref>


The Singapore branch is registered with the Singapore government's ] and offers its own diplomas in various areas of business and finance as well as several undergraduate and post-graduate degrees delivered and validated by external institutions which include the ] and ]. The Belt and Road Multi-Cultural Studies Centre, which opened at LSBF Singapore in 2017, offers additional undergraduate degrees in Chinese language and literature and Chinese business studies delivered and awarded by the Overseas Education College of ]. Like its London counterpart, LSBF Singapore also offers language and executive education courses and preparation for the ACCA examinations.<ref>]. . Retrieved 28 January 2019.</ref><ref>London School of Business and Finance Singapore. . Retrieved 28 January 2019.</ref>
Students of the LSBF Global MBA have an additional option to opt in for evaluation and pay for their qualification.


===QAA assessments=== ===QAA assessments===
LSBF and its associated Financial and Business Training division underwent an investigation and subsequent reviews in 2012 by the UK's ] (QAA) amid concerns about student recruitment and completion rates on programmes which at the time were validated by the ].<ref>Grove Jack (16 August 2012). . '']''. Retrieved 5 May 2016.</ref><ref>] (September 2012). . Retrieved 18 January 2018.</ref><ref>] (November 2012). . Retrieved 18 January 2018.</ref> The initial investigation made a number of recommendations for improvements including that LSBF draw up and submit an action plan to address the issues identified.<ref>] (June 2012). . Retrieved 18 January 2018.</ref>
In 2012, LSBF and its sister school, the Birmingham-based Finance Business Training (FBT), have gone through a series of assessments made by the ] (QAA). The first report, published on August 2012, followed inspections at FBT concluding that the former partnership between FBT and the ] (terminated in 2011) presented several issues, including over-recruitment and problems in the admissions process, leading to the acceptance of students that, at the time, did not meet the requirements.<ref>http://www.walesonline.co.uk/news/education-news/2012/08/11/report-uncovers-weaknesses-in-university-of-wales-relationship-with-two-business-schools-91466-31596545/</ref><ref>http://www.walesonline.co.uk/news/education-news/2012/08/15/business-school-claims-it-severed-links-with-uni-91466-31624500/</ref><ref>http://www.timeshighereducation.co.uk/420868.article</ref>


LSBF's last assessment by the QAA took place in March 2015 and concluded that:<ref name = "QAA2015" />
Most recently, the above issues were reassessed in a review carried out by the QAA in September 2012, which concluded that LSBF has put in place measures to strengthen its quality management arrangements.<ref>http://www.qaa.ac.uk/InstitutionReports/reports/Documents/RG1052LSBF.pdf</ref> The Review for Educational Oversight, published on 12 December 2012, concluded that “London School of Business & Finance is fulfilling its responsibilities for managing and enhancing the quality of the intended learning opportunities it provides for students”. Furthermore, it gave LSBF a qualified confidence judgement <ref>http://www.qaa.ac.uk/AboutUs/Pages/QAAconfidencejudgements.aspx</ref> on its academic standards and on the awards offered at the school.<ref>http://www.lsbf.org.uk/news-and-media/news/reo.html</ref>
*The maintenance of the academic standards of awards offered on behalf of external degree-awarding bodies and other awarding organisations met UK expectations
*The quality of student learning opportunities did not meet UK expectations for ] provision but met UK expectations for all other provision
*The enhancement of student learning opportunities did not meet UK expectations.
*The quality of the information about learning opportunities required improvement to meet UK expectations.


In October 2017 the QAA assessment was updated: the quality of information produced about its provision and the enhancement of student learning opportunities were both changed to ‘meets UK expectations’.<ref>{{cite web |url=https://www.qaa.ac.uk/reviewing-higher-education/quality-assurance-reports/London-School-of-Business-and-Finance |title=London School of Business and Finance Important Notes |author=<!--Not stated--> |date=11 October 2017 |website=QAA |access-date=11 August 2020}}</ref>
===Scholarships and bursaries===
LSBF's patron, Prince Michael of Kent, sponsors a ] scheme at the LSBF for students from ] countries. LSBF's other scholarship programmes include a Corporate scholarship, with a focus on connecting students directly with corporate employers via the LSBF Corporate Division, and The Women in Business Scholarship, intended to help more females to become corporate leaders. There are also scholarships sponsored by LSBF's Principal and Vice Rector.


LSBF offers bursaries to Singaporean students who have completed the ACCA to pursue Master's degrees online, or in the UK.<ref>{{cite web|url=http://www.lsbf.org.uk/students/fees-funding/scholarship-programmes.html|title=LSBF Scholarships|accessdate=8 April 2012|publisher=London School of Business and Finance}}</ref> The school is no longer reviewed by the QAA because it no longer offers degrees or higher education programmes validated by UK institutions.<ref>]. . Retrieved 16 January 2019.</ref>


==External lectures== ==External lectures==
Former UK Home Secretary and Education Secretary ], has conducted interviews with business and political leaders such as a ], ], ], and ] for LSBF's "Great Minds" video series, which began in 2011. Blunkett has also been a part-time lecturer at LSBF.<ref>{{cite news| url=https://www.telegraph.co.uk/education/universityeducation/10095581/Sir-Richard-Branson-I-would-love-to-have-gone-to-university.html | archive-url=https://web.archive.org/web/20130605212220/http://www.telegraph.co.uk/education/universityeducation/10095581/Sir-Richard-Branson-I-would-love-to-have-gone-to-university.html | url-status=dead | archive-date=5 June 2013 |work=] | first=Andrew | last=Marszal | title=Sir Richard Branson: I would love to have gone to university | date=3 June 2013|access-date=9 May 2016}}</ref><ref>{{cite news| url=https://www.telegraph.co.uk/education/11176286/Deborah-Meaden-lessons-in-entrepreneurship-have-to-start-early.html | archive-url=https://web.archive.org/web/20141025165254/http://www.telegraph.co.uk/education/11176286/Deborah-Meaden-lessons-in-entrepreneurship-have-to-start-early.html | url-status=dead | archive-date=25 October 2014 | work= ] | first=Josie | last=Gurney-Read | title=Deborah Meaden: lessons in entrepreneurship have to start early at school | date=21 October 2014|access-date=9 May 2016}}</ref><ref>Davis, Anna (7 July 2014). . '']''. Retrieved 9 May 2016.</ref><ref>Cunnane, Sarah (29 April 2012). '']''. Retrieved 9 May 2016.</ref>
], the former UK Home Secretary and Education Secretary, was appointed as a visiting lecturer at LSBF in 2011. Mr Blunkett’s first lecture, delivered at LSBF's London campus, focused on the key aspects of ], and the qualities needed to be an effective leader in both business and in politics.<ref>{{cite news|url=http://www.guardian.co.uk/politics/person/477/david-blunkett|title=David Blunkett: Electoral history and profile|accessdate=8 April 2012|publisher=The Guardian|location=London}}</ref>
In December 2011, ] chaired the inaugural "LSBF HRH Prince Michael of Kent Business Lecture" organized in partnership with the ]. The guest speaker was former Director-General of the CBI and former Minister of State for Trade and Investment, ].<ref name=rsainaug>{{cite web|url=http://rsalsbf.eventbrite.com/|title=The Inaugural LSBF HRH Prince Michael of Kent Business Lecture: Fixing Britain|access-date=9 May 2016|publisher=RSA Events}}</ref>


== Notable alumni ==
In December 2011, ] chaired the inaugural lecture of a new series of annual business lectures in partnership with the ]. The guest speaker was former Director-General of the CBI and former Minister of State for Trade & Investment, ].<ref name="rsainaug"/>
* ]


==See also== ==See also==
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==References== ==References==
{{Reflist}} {{Reflist|30em}}


==External links== ==External links==
{{Commons category}}
*
*{{Official website|http://www.lsbf.org.uk}}
*UK House of Commons Select Committee on Business, Innovation and Skills (1 November 2011).


{{Business schools in the United Kingdom}} {{Business schools in the United Kingdom}}
{{Universities in Singapore}}
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Latest revision as of 17:09, 20 December 2024

Profit private business and finance school, London Not to be confused with London Business School, London School of Economics, or The London Institute of Banking & Finance.

London School of Business and Finance
TypePrivate business school
Established2003 (2003)
RectorMaurits van Rooijen
LocationTower Hill, London, UK
51°30′31″N 0°04′42″W / 51.5085°N 0.0782°W / 51.5085; -0.0782
CampusUrban
OwnerGlobal University Systems
Websitelsbf.org.uk
lsbf.edu.sg

The London School of Business and Finance (informally LSBF) is a private business school in the United Kingdom, owned by the for-profit education corporate group Global University Systems. It was founded in 2003 by the entrepreneur Aaron Etingen. By 2015 it had become one of England's largest private colleges.

The school's main base is in London, with sites in Tower Hill and Holborn. It also has a branch in Singapore. It offers Master's degree programmes in management, finance and marketing; executive and corporate short courses; and training for the ACCA and AAT examinations. It does not have degree-awarding powers of its own. All degrees are awarded by external institutions.

History

LSBF's Sceptre Court campus in Tower Hill, London

The London School of Business and Finance was founded in 2003 by the British entrepreneur, Aaron Etingen (also known as Arkady Etingen). He was born in Russia, raised in Israel, and moved to the UK at age 18 to study business and finance. According to 2010 interviews with Etingen in City A.M. and the New York Times, LSBF began in an attic on Hyde Park Corner with "two rooms and four students" taking accounting courses. The school gradually expanded its portfolio of programmes over the years. By 2010, it had established two further UK branches in Birmingham and Manchester and was offering MBAs and MScs in finance and marketing and a Masters in international business (all awarded and validated by external institutions), as well as executive and professional training with a strong emphasis on finance.

In March 2010 LSBF launched an MBA (at the time externally validated and awarded by the University of Wales) which it billed as capable of completion in as little as eight weekends via eight intensive core modules delivered on campus and online. In October of that year, LSBF also launched a "Global MBA" on Facebook, with the eight intensive modules broken down into smaller units. Students could take the modules for free, paying only if they chose to take the examinations. LSBF established further UK institutions (collectively known as the LSBF Group) in 2011 and that same year opened branches in Toronto and Singapore. The Ontario Ministry of Training, Colleges and Universities issued a restraining order against the Toronto branch in April 2013 ordering it to halt teaching and stop charging for and advertising a number of its vocational programmes, including Higher National Diplomas. A spokesman for LSBF Canada, which at the time (October 2013) was fighting the decision in the Canadian courts, described the restraining order as "unfair" and said that the institution had "always operated lawfully in Ontario". As of 2016, the former official website for the Toronto branch (lsbf.ca) carried the name "Innovative Skills Academy" and was labelled "under construction". As of 2018, the lsbf.ca domain redirects to Toronto School of Management, a career college launched in 2017 by LSBF's owners, Global University Systems.

According to The Guardian, after the market reforms of post-secondary education introduced by UK higher education minister David Willetts in 2011, LSBF and its subsidiaries experienced rapid expansion. St Patrick's College, London was also describing itself as "a member of the LSBF Group" in 2012 after it was bought by Etingen's company Interactive World Wide Limited. Together, LSBF and St Patrick's grew from 50 government-funded students in 2011 to approximately 6,000 over the next two years. In 2013 LSBF and St Patrick's collectively netted £13.5m in tuition fee payments, with their students receiving a total of £49m in government loans and grants. In April 2013, LSBF was one of 116 UK businesses to receive the Queen's Award for Enterprise for achievements in international trade.

Over the years LSBF's degrees have been awarded and validated by a number of UK and European universities. However, by 2014 it had lost all its degree-validating UK university partners, retaining only the European-based Università telematica internazionale Uninettuno and Grenoble Graduate School of Business. In May 2014, The Guardian reported LSBF lecturer's claims that the institution "is chaotically organised, lacks basic teaching resources and maintains disruptive students on its books to keep the income they generate flowing in". In June 2014, the UK Home Office suspended LSBF's Tier 4 licence to sponsor non-European Union students for study or work visas, due to "numerous, broader failings" in respect of LSBF's sponsorship duties, an allegation which the LSBF denied. The licence was reinstated on review a few months later, but suspended again in September 2015. The UK Home Office formally revoked LSBF's permission to recruit non-EU students in January 2016. As a result, 350 students were told they had to leave the UK by the end of March 2016. The college said students would be able to complete their courses either by studying a compressed course or transferring to affiliated institutions in France or Spain.

Springleaf Tower (right), site of LSBF Singapore's main campus

LSBF's parent company Global University Systems had acquired London's University of Law in June 2015 and a few months later announced plans for a two-year restructuring process of the LSBF Group set to begin in mid-2016. According to John Cox, director of organisational development at GUS, the plan involves LSBF coming under a new vocational entity offering only diploma courses, short courses and corporate training products. The vocational courses delivered by St Patrick's College and the Birmingham-based Finance Business Training (also owned by GUS) would also come under this division. The University of Law would become sole provider of academic qualifications and professional qualifications, including the master's degrees previously offered by the LSBF Group. However, as of 2019 LSBF was still offering master's degrees awarded by the International Telematic University and Geneva Business School. There were no programmes provided or validated by the University of Law.

Campuses and locations

LSBF is based in central London with sites in Tower Hill and Holborn. The head office and main campus is at Sceptre Court in Tower Hill. The school also has an international branch in Singapore. The main campus and headquarters of LSBF Singapore are located in the GB Building in the central business district of Singapore, with further classrooms in nearby Cecil Street.

Organization and administration

Ownership

LSBF and the institutions of the LSBF Group are owned by Global University Systems (GUS), a private limited company registered in The Netherlands. GUS also owns St Patrick's College, London, University Canada West, GISMA Business School in Germany, and London's University of Law as well as the e-learning company InterActive Pro and several other educational brands.

Governance

Maurits van Rooijen was appointed CEO and rector of LSBF in 2012. He also serves as the Chief Academic Officer of Global University Systems. In 2017 Rathakrishnan Govind was named global CEO of LSBF with Maurits van Rooijen remaining as LSBF's rector.

LSBF's patron is Prince Michael of Kent.

Academics

Former vice-rector James Kirkbride at the 2011 Summer graduation ceremony

Programmes

LSBF does not have degree-awarding or diploma awarding powers in the UK. All degree-level programmes offered at the London campuses are validated and awarded by external institutions. As of 2018 the school offers courses in a range of business and finance subjects, including several MBAs validated and awarded by the Università telematica internazionale UniNettuno. It also offers executive and corporate training courses and preparation for the ACCA and the AAT examinations. The courses are delivered using a range of full-time and part-time, blended and online modes. Its online programmes are delivered via an e-learning platform managed by InterActive Pro, another Global University Systems subsidiary. Since November 2016, LSBF has been accredited as a short course provider in executive education by the British Accreditation Council. Following the revocation of its visa sponsor licence by the UK government in January 2016, it cannot offer long-term courses or work placement to non-European Union students.

The Singapore branch is registered with the Singapore government's Committee for Private Education and offers its own diplomas in various areas of business and finance as well as several undergraduate and post-graduate degrees delivered and validated by external institutions which include the University of Greenwich and Concordia University Chicago. The Belt and Road Multi-Cultural Studies Centre, which opened at LSBF Singapore in 2017, offers additional undergraduate degrees in Chinese language and literature and Chinese business studies delivered and awarded by the Overseas Education College of Xiamen University. Like its London counterpart, LSBF Singapore also offers language and executive education courses and preparation for the ACCA examinations.

QAA assessments

LSBF and its associated Financial and Business Training division underwent an investigation and subsequent reviews in 2012 by the UK's Quality Assurance Agency for Higher Education (QAA) amid concerns about student recruitment and completion rates on programmes which at the time were validated by the University of Wales. The initial investigation made a number of recommendations for improvements including that LSBF draw up and submit an action plan to address the issues identified.

LSBF's last assessment by the QAA took place in March 2015 and concluded that:

  • The maintenance of the academic standards of awards offered on behalf of external degree-awarding bodies and other awarding organisations met UK expectations
  • The quality of student learning opportunities did not meet UK expectations for Higher National provision but met UK expectations for all other provision
  • The enhancement of student learning opportunities did not meet UK expectations.
  • The quality of the information about learning opportunities required improvement to meet UK expectations.

In October 2017 the QAA assessment was updated: the quality of information produced about its provision and the enhancement of student learning opportunities were both changed to ‘meets UK expectations’.

The school is no longer reviewed by the QAA because it no longer offers degrees or higher education programmes validated by UK institutions.

External lectures

Former UK Home Secretary and Education Secretary David Blunkett, has conducted interviews with business and political leaders such as a Richard Branson, Deborah Meaden, Sir John Major, and Tony Blair for LSBF's "Great Minds" video series, which began in 2011. Blunkett has also been a part-time lecturer at LSBF. In December 2011, Prince Michael of Kent chaired the inaugural "LSBF HRH Prince Michael of Kent Business Lecture" organized in partnership with the Royal Society of Arts. The guest speaker was former Director-General of the CBI and former Minister of State for Trade and Investment, Lord Digby Jones.

Notable alumni

See also

References

  1. ^ Morgan, John (3 September 2015). "LSBF licence to sponsor overseas students suspended". Times Higher Education. Retrieved 5 May 2016.
  2. ^ Quality Assurance Agency for Higher Education. London School of Business and Finance London School of Business and Finance. Retrieved 5 May 2016.
  3. ^ Malik, Shiv; McGettigan, Andrew; Domokos, John (30 May 2014), "Lecturers claim private college puts profits first". The Guardian. Retrieved 5 May 2016.
  4. Huggins, Donata ( 29 October 2010). "A man schooled for big business". City A.M.. Retrieved 5 May 2016.
  5. ^ Guttenplan, D.D. (28 November 2010). "Poking, Tagging and Now Landing an M.B.A." New York Times. Retrieved 9 May 2016.
  6. Anderson, Linda (21 June 2010). "Case study: LSBF". Financial Times. Retrieved 5 May 2016.
  7. Chynoweth, Carly (3 March 2010). "The MBA that takes only eight weekends". Sunday Times. Retrieved 5 May 2016 (subscription required for full access).
  8. Mclaren, Diana (9 March 2011). "London School of Business and Finance opens Canadian campus". The Globe and Mail. Retrieved 9 May 2016.
  9. Lee, Pearl (26 February 2014). "London School of Business and Finance opens new CBD campus". Straits Times. Retrieved 5 May 2016.
  10. Matthews, David (31 October 2013). "Private college hit by 'restraining order' and fine". Times Higher Education. Retrieved 9 May 2016.
  11. lsbf.ca, archived version of 20 March 2016 from archive.org. For the original version of the site prior to the April 2013 restraining order, see the version of 7 March 2013 archived by archive.org.
  12. Wayback Machine (2018). lsbf.ca. Retrieved 18 January 2019.
  13. Toronto School of Management (16 October 2017). "Toronto School of Management Launches With Five Professional Development Programs". PR Newswire. Retrieved 17 January 2019.
  14. Morgan, John (2 July 2014). "Director of education wins claim against former owner of St Patrick's College for unfair dismissal". Times Higher Education. Retrieved 5 May 2016.
  15. EducationInvestor (8 May 2012). "New partner for LSBF". Retrieved 5 May 2016.
  16. The Queen's Awards Office. Press Book: Queen's Award for Enterprise 2012. Retrieved 9 May 2016.
  17. Matthews, David (20 February 2014 "UK university partners end ties to LSBF". Times Higher Education. Retrieved 9 May 2016.
  18. ^ Quality Assurance Agency for Higher Education. (March 2015). Higher Education Review of London School of Business & Finance". Retrieved 31 January 2019.
  19. Parr, Chris (27 June 2014). "Private college singled out by immigration minister hits back". Times Higher Education. Retrieved 9 May 2016.
  20. ^ Burns, Judith (5 February 2016). "Foreign students must leave UK as college loses licence". BBC News. Retrieved 9 May 2016.
  21. Morgan, John (2 June 2015). "University of Law sold to Global University Systems". Times Higher Education. Retrieved 21 July 2015.
  22. Custer, Sara (25 September 2015). "Global University Systems to restructure". The Pie (Professionals in International Education). Retrieved 5 May 2016.
  23. London School of Business and Finance (2018). Postgraduate Programmes. Retrieved 27 April 2018.
  24. LSBF Singapore. "Contact Us". Retrieved 31 January 2019.
  25. Morgan, John (17 April 2014)."Private college goes Dutch but says profits are taxed in UK". Times Higher Education. Retrieved 5 May 2016.
  26. Lyons, Tom (23 December 2013). "Ibat college in deal with private education provider Global University Systems". The Irish Times. Retrieved 5 May 2016.
  27. EducationInvestor (11 July 2012). "LSBF appoints new chief executive". Retrieved 5 May 2016.
  28. Global University Systems. The Team. Retrieved 5 May 2016.
  29. London School of Business and Finance (24 April 2017). "Rathakrishnan Govind appointed London School of Business and Finance's Global CEO". Retrieved. 28 January 2019.
  30. HRH Prince Michael of Kent (official website). Charities & Organisations. Retrieved 5 May 2016.
  31. London School of Business and Finance. Programmes. Retrieved 18 January 2019.
  32. British Accreditation Council. London School of Business & Finance – Executive Education Archived 2017-04-27 at the Wayback Machine. Retrieved 12 May 2017.
  33. Committee for Private Education. "London School of Business and Finance. Registration No. 201008079C". Retrieved 28 January 2019.
  34. London School of Business and Finance Singapore. Programmes. Retrieved 28 January 2019.
  35. Grove Jack (16 August 2012). "Hypnotic suggestion: you must do better". Times Higher Education. Retrieved 5 May 2016.
  36. Quality Assurance Agency for Higher Education (September 2012). "London School of Business & Finance: Review for Educational Oversight". Retrieved 18 January 2018.
  37. Quality Assurance Agency for Higher Education (November 2012). "Finance and Business Training Ltd: Review for Educational Oversight". Retrieved 18 January 2018.
  38. Quality Assurance Agency for Higher Education (June 2012). "Concerns about standards and quality in higher education: The University of Wales and Finance and Business Training Ltd and the London School of Business and Finance (UK) Ltd". Retrieved 18 January 2018.
  39. "London School of Business and Finance Important Notes". QAA. 11 October 2017. Retrieved 11 August 2020.
  40. Quality Assurance Agency for Higher Education. Quality assurance reports: London School of Business and Finance. Retrieved 16 January 2019.
  41. Marszal, Andrew (3 June 2013). "Sir Richard Branson: I would love to have gone to university". Daily Telegraph. Archived from the original on 5 June 2013. Retrieved 9 May 2016.
  42. Gurney-Read, Josie (21 October 2014). "Deborah Meaden: lessons in entrepreneurship have to start early at school". Daily Telegraph. Archived from the original on 25 October 2014. Retrieved 9 May 2016.
  43. Davis, Anna (7 July 2014). "John Major: use education to fight poverty". Evening Standard. Retrieved 9 May 2016.
  44. Cunnane, Sarah (29 April 2012). "Universities are central to economy, but cannot stand still, Blair says" Times Higher Education. Retrieved 9 May 2016.
  45. "The Inaugural LSBF HRH Prince Michael of Kent Business Lecture: Fixing Britain". RSA Events. Retrieved 9 May 2016.

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