The Second Year Project is the most significant of the projects. Students start these projects from as early as September of their second year, with all projects being completed by the April before graduation. Students usually work in teams of two and will spend approximately 25 days each on the project. The average fee received from the client for the project is 4000 per person, the range is between 1000 and 8000. The fee is negotiated by the students and the contract is directly between the students and the company concerned.
Teams are responsible for finding their own projects in the areas in which they wish to work.
They do this from contacts which they have built up over the previous 18 months, the alumni network, faculty connections in industry, and quite often from either summer placements or previous employment. In addition to this, the MBA Programme Office also advertises a number of projects. Companies recognise MBA students as a valuable resource and will ask London Business School to find students to work on specific projects.