CAN London Business School (LBS) teach you how to be an entrepreneur? Not exactly. But its entrepreneurship summer school, which has just entered its twelfth year, thinks it can help. Since its inception in 2001, alumni have founded 212 startups. A 2012 survey conducted by LBS found that these firms had revenues of just under £114m in 2011, had raised over £476m in equity, and had created more than 1,200 jobs.
Many are sceptical of what business schools can do for entrepreneurs. A 2012 survey by QS Top MBA saw a third of MBA applicants cite entrepreneurship as one of their preferred specialisms, but this enthusiasm doesn’t always translate post-graduation. At Business Week’s top-ranked business school, University of Chicago: Booth, 43 per cent of 2011 graduates went into finance and 30 per cent into consulting. At Said Business School, well-known for its entrepreneurial courses, 30 per cent of graduates went into finance, and 29 per cent into consulting. Startup alumni aren’t exactly common. Further, Matt Robinson, co-founder of online payments system GoCardless, told City A.M. earlier this year that he has never hired an MBA graduate. He doesn’t think they have the right skill set for an newly-formed company.
To read the full, original article click on this link: Innovation Diary: Business school won’t make you an entrepreneur – but it may help | City A.M.
