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Why MBA: Lancaster University

Nigerian banker returns to school with a grand plan for his country

By  

Wed Mar 3 2010

BusinessBecause

Following a US education and six years in banking, Nigerian Adegboyega Adegbola wants just one more accomplishment before he returns to his homeland in hopes of making a difference.


“My primary focus is to help the country’s growth,” says Adegbola, who graduated from Prairie View A&M University, TX, a decade ago and later worked in Nigeria’s Standard Chartered Bank for six years. “There was no business being developed [in Nigeria].”

In order to make a difference in the oil-rich nation, an advanced degree in business and management is essential, according to Adegbola: “The notion in Nigeria is that an MBA is the first door to higher management.” 

“Tools of management” and “skills to manage people better” were the main areas in which Adegbola is eager to improve. So when his brother sent him the Lancaster University Management School (LUMS) web link, the 35-year-old Lagos native was hooked.

“Looking through the website,” Adegbola recalls, “One element caught my attention. It was the concept of management in practice and the opportunity to dirty his hands with real-world business problems.

“The School seems very much into practice and working with the real world. I have the feeling I can develop a mind for management [there],” he continues.

Adegbola also considered the world’s No.1 ranked London Business School and business education powerhouse Warwick Business School, but became convinced that Lancaster would be “best value for money”.     

The Financial Times calculates “value for money” by using the salary earned by alumni today, course length and fees. The Lancaster MBA has been in the world’s top four in this category for the last four years. 

Adegbola says the Lancaster MBA program, ranked 24th in the world, 10th in Europe and 4th in the UK, is much more than just affordable.

“The School hasn't only taught us management and the tools of being a manager, but it has also stressed and promoted leadership through practical learning, and encouraged us to be leaders not simply managers,” he says. 

The university’s career office has also been busy, working on enhancing students’ employment possibilities upon graduating. Adegbola says career office staff has been advising how best they can approach going back to work since “day one of welcoming the new class.” 

The Lancaster faculty are “accessible, comfortable and hungry for further success.”

“I am ecstatic!” Adegbola says of his overall MBA experience in Lancaster. “We paid a lot of money to study here, and they [faculty and staff] recognize it and have built a strong relationship with the students.”

Having been educated in both the UK and the US, Adegbola says he prefers the British system because it’s more “inspiring”.

Adegbola finds the definition of achievement is different in each: “The notion of excellence is subjective in the US. For example the best in your class is measured by everyone else, whereas the UK system tells you: ‘what Bill Gates has done is excellence. Try to top him.’  

“I like being given a bigger example to remind me: ‘this is what you need to learn and who you need to become’,” he says. 

Though he’s only been studying the MBA for three-and-a-half months, Adegbola is confident he will earn a “much deeper and more profound understanding of business” by the time he completes his studies.

“It [the MBA] pushes you to think quickly, effectively and progressively. It really pushes your limits,” he says. His biggest challenge right now is “finding enough time to do all the assignments”.

However, Adegbola’s real challenges will begin when he returns to Nigeria.

“I am planning to work for myself and put my managerial skills to use making Nigeria a sustainable society,” he says. “That’s the reason I came to Lancaster to learn.” 

“And I have a dream to become the president of Nigeria one day.”

Student Reviews

Lancaster University Management School

Jesse

Verified

28/09/2018

An exceptional educational establishment in the North West of England.

This university has been a fantastic life experience as well as a great academic one. I first decided to go to Lancaster University Management School due to its exceptional business education facilities and have not been disappointed. I recommend the university to anybody that wants to put themselves in a strong position for a career upon graduation.

Student

Verified

24/11/2022

On Campus

Student Ambassador

Overall, the instruction is decent, however it also depends on your department. The people are friendly, in my opinion. The sporting events are enjoyable, and there is a good sense of community. Although the city is quite remote, it is nonetheless attractive.

Student

Verified

3/08/2020

Lancaster University honest review

The education system in the university is excellent especially that of the Management School. The campus has great facilities for students to study and live in a relaxed manner. The students can engage in various activities through the socities.

Student

Verified

17/06/2020

Great opportunities to think beyond

Lancaster University provides a lot of good opportunities to think beyond.There Entrepreneurship in residence program helps students to meet and seek guidance about entrepreneurship and the challenges.Their Work in progress program help to fabricate your startup idea and further to pitch to the potential investors.Apart from that there are lot of programs like Enactus, guest lectures and guidance from seniors to help and shape your career needs. They provide lot of opportunities to shape up your employability skills.

Student

Verified

9/10/2020

On Campus

A top university in the UK for management science!

If you’re interested in management science studies, Lancaster University is one of the top universities in the UK. The faculty is renowned and have a sterling reputation for research in management science. Candidates specifically interested in Forecasting would find the Centre for Marketing Analytics and Forecasting especially relevant to their field. Besides, the ROI is good as the overall cost compared to other universities is less.

Student

Verified

10/04/2019

Great university for academia – not great for 'entrepreneurs'

Please keep in mind that my review is nuanced by my expectations of an Entrepreneurship degree :) I came to Lancaster University because it was one of the top universities to have a course in Entrepreneurship. After 4 years in this degree, my most valuable experience has been my placement and not the actual course. The course is heavily focused on impractical elements, which is a bit odd for an Entrepreneurship degree. There are some modules that involve hands-on work but the faculty support for such things has not been great. My course also involved a lot of teamwork which has been fantastic and really prepared me when it comes to dealing with the diversity of opinions. In terms of career prospects, the management school does A LOT to host events, workshops and support sessions to help you build up your employability skills. Although, I wish there was more acknowledgement of SMEs/startups as a viable career option. The entrepreneurship team which is meant to support budding businesses is really stepping up their game with tons of guest speakers, workshops and pitching opportunities. The location is a concern if you're not in STEM, Law or Accounting and Finance. Business requires networking with the broader community. However, for Lancaster students, the best bet is a trip down to Manchester or London. On the flip side, living in Lancaster is much cheaper! Overall, if the purpose of your university experience is to receive top academic education and have great facilities at your disposal, Lancaster is a great choice. But if you want to be in business and entrepreneurship, I would look elsewhere.

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