Lagos Business School’s Africa’s Second Best – FT

The Lagos Business School, Pan-African University, has again retained its position among world leaders in executive education, as its ranked second best in Africa.
This was disclosed on Monday in the Financial Times’ 2009 Executive Education open-enrolment rankings published in London, according to information on the institution’s website.
Considered to be the pre-eminent international executive education ranking, the FT ranking is very competitive. The top school is Harvard Business School, followed by Darden School of Business, University of Virginia both in the USA. Only three African business schools were included in the FT rankings, with Gordon Institute of Business Science (GIBS), University of Pretoria in South Africa coming first.
The Financial Times’ rankings are compiled from responses to questionnaires administered to participants on open-enrolment programmes, as well as a survey of the schools. The questionnaires measure qualities such as the relevance of new skills and the degree to which participants’ expectations were met.
“Meeting participants’ expectations and being relevant to industry is important to us here at LBS”, said Dean of Lagos Business School, Prof. Juan Elegido, while reacting to the outcome of the FT ranking. “Our faculty strive to remain up-to-date and help participants develop the skills they need to deal with business challenges in an emerging economy like Nigeria’s”, he added.
The challenges created by the global economic crisis further underline the urgent need for man-power development, especially in Africa , to support public and private sector growth. With improved scope for innovation and new technologies, business schools in the developing world in particular, need to develop high-quality talent pools to take advantage of opportunities and lead their economies to recovery.
Expressing satisfaction with the achievements of the School, Elegido said LBS was created to meet the need for executive training in Nigeria and aims to have a significant impact on the practice of management.
“So far, with the support of the business community in Nigeria and alumni of the School, we have achieved some great results. We wish to use this opportunity to thank all our partners for their support over the years”, he added.
LBS is the only Nigerian business school included in the FT rankings, and this is also the third time that the school has been featured since 2007.


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