London Business School said that its newly enrolled Class of 2016 is its largest and most diverse cohort to date. Some 411 students, 88% of which are from outside the United Kingdom representing 65 nationalities, started the new fall term. The first-year MBAs range from a broadcast journalist for the BBC to a first lieutenant in the Brazilian Air Force.
London said the average GMAT score for the class was 700, an increase of five points over last year’s 695 average, when the GMAT score range went from a low of 600 to a high of 790. It is believed to be the first time London has reached a 700 average for an incoming cohort. For years, the school’s average score has hovered in the high 680s and 690s.
The school said it received more than 3000 applications for the class, but in common with other European business schools did not reveal its acceptance rate or yield—the percentage of admitted candidates who enroll.
MORE THAN ONE IN THREE STUDENTS ARE FROM EUROPE
In publishing its Class of 2016 profile, the school also said its newest MBA students have on average five and one-half years of work experience, ranging from two to 13 years. Roughly 36% of the class is female.
Not surprisingly, the highest percentage of students hail from Europe (35%), with Asia second, with 21% of the class. North American students represent 17%, while Latin America accounts for 14% of the students. About 7% of the MBAs are from Australia and New Zealand, while Africa and the Middle East has a 6% representation.
The largest single contingent of students comes from McKinsey & Co., where a total of 15 new MBAs had worked. They are a diverse group that includes three from Italy, two from Portugal and two from Spain, as well as from Britain, Germany, Brazil, Columbia, Denmark, and Russia.
BESIDES MCKINSEY, BCG, PWC, BOOZ & KPMG ARE WELL REPRESENTED IN NEW CLASS
Boston Consulting Group alums are not far behind with 13 members of the class, while Accenture has nine former employees in the incoming group at London. Other major firms represented in the Class of 2016 include PricewaterhouseCoopers (8), Booz & Co. (6), KPMG (6), Bain (5), Deloitte (5), Samsung (5), and UBS (5).
Despite the seemingly heavy representation of consulting companies in the mix, London said that 29% of its newest class—the highest percentage—have work experience in finance or accounting. Consulting staffers account for 27% of the incoming MBAs.
A.T. Kearney, Goldman Sachs, Citigroup, LEK Consulting, and International Finance Group each has four alums in the class.