
IB Business Management: A Complete Guide (2025)
Contents
Are you wondering if you should take IB Business Management as part of your International Baccalaureate Diploma Programme (IBDP)? IB Business Management can challenging but rewarding, and this comprehensive guide will tell you why! Whether you're wrestling with the decision of whether to study this subject or simply trying to understand more about its syllabus or grading system, this guide has got you covered. So, let's dive in!
2025 IB Business Management Exam Timetable
The International Baccalaureate (IB) Business Management examinations for May 2025 are scheduled as follows:
Wednesday, 30 April 2025, Afternoon Session:
- Business Management HL/SL Paper 1: 1 hour 30 minutes
- Business Management HL Paper 3: 1 hour 15 minutes
Friday, 2 May 2025, Morning Session:
- Business Management HL Paper 2: 1 hour 45 minutes
- Business Management SL Paper 2: 1 hour 30 minutes
These exams assess students' understanding of business theories, decision-making processes, and strategic planning. It's essential to be well-prepared and familiar with the specific requirements of each paper. Check out IB Exam Schedule 2025 for more subjects!
Is IB Business Management hard?
In comparison with other IB subjects, Business Management is often viewed as one of the Easiest IB Subjects. According to the latest IBO statistical data, the average score in IB Business Management in May 2024 was 4.9 out of 7 for both SL and HL, which is exactly the mean grade across all subjects. Therefore, the conclusion we can draw is that the subject is currently of average difficulty.
However, students should not underestimate the difficulty of the subject and the effort it requires to excel in this subject. Here are a few reasons why it could be difficult for some:
- Practical focus: The course demands a strategic and analytical mindset, focusing heavily on case studies and real-world applications.
- Wide breath of syllabus: An element of this challenge lies in the diversity of the syllabus, which covers everything from human resources, marketing, operations, and finance.
- Essay-writing: Furthermore, both the internal assessment and exams require a robust understanding of business theories and models, paired with strong essay-writing skills.
When speaking on IB Business Management, Mrs Peterson, a Senior Lecturer in Business and Management had the following to say:
"Completing the IB Business Management course is akin to embarking on a comprehensive journey through the complex world of contemporary business. Students explore the interconnected facets of decision-making in a real-life context, honing analytical skills and fostering a deep understanding of how businesses operate within a global context. As they navigate the course, students are not just learning facts and figures, they are developing a toolkit of skills and a mindset that prepares them for future success, whether in business or beyond."
While IB Business Management might not be considered the most difficult IB subject, it nonetheless demands significant dedication, an analytical mind, and a robust study regime. Assistance from an IB Business Management Tutor can make a big difference in preparation for successful completion of this subject. For more information on the most difficult subjects, read our article on the Hardest IB Subjects.
Grade Distribution of IB Business Management SL & HL candidates in 2024
The IB Business Management syllabus (2025)
The IB Business Management syllabus as of 2025 is structured to provide students with a comprehensive understanding of business principles, practices, and their applications in real-world scenarios. The curriculum is organised into five core units, each encompassing specific topics essential for developing critical business acumen. Here's a summary table of all the topics covered under the five core units:
Core Units | Topics | Explanation |
---|---|---|
1. Introduction to Business Management | 1.1 What is a Business? | Understanding the fundamental nature and purpose of businesses. |
1.2 Types of Business Entities | Exploring various forms of business ownership and structures. | |
1.3 Business Objectives | Examining the goals and aims that drive business operations. | |
1.4 Stakeholders | Identifying individuals or groups affected by business activities. | |
1.5 Growth and Evolution | Analyzing how businesses expand and adapt over time. | |
1.6 Multinational Companies | Studying businesses that operate across international borders. | |
2. Human Resource Management | 2.1 Introduction to Human Resource Management | Overview of HRM functions and significance. |
2.2 Organizational Structure | Understanding how businesses are organized internally. | |
2.3 Leadership and Management | Differentiating between leadership styles and management functions. | |
2.4 Motivation and Demotivation | Exploring factors that influence employee motivation. | |
2.5 Organizational (Corporate) Culture | Examining the values and behaviors that shape organizational environment. | |
2.6 Communication | Assessing the role of effective communication within businesses. | |
2.7 Industrial/Employee Relations | Understanding the dynamics between employers and employees. | |
3. Finance and Accounts | 3.1 Introduction to Finance | Basics of financial management in business. |
3.2 Sources of Finance | Identifying various funding options for businesses. | |
3.3 Costs and Revenue | Analyzing business expenses and income streams. | |
3.4 Final Accounts | Preparation and interpretation of financial statements. | |
3.5 Profitability and Liquidity Ratio Analysis | Evaluating financial performance using ratios. | |
3.6 Debt/Equity Ratio Analysis | Assessing a company's financial leverage. | |
3.7 Cash Flow | Managing and forecasting cash movements. | |
3.8 Investment Appraisal | Techniques for evaluating investment opportunities. | |
3.9 Budgets | Planning and controlling financial resources. | |
4. Marketing | 4.1 Introduction to Marketing | Fundamentals of marketing principles and strategies. |
4.2 Marketing Planning (including introduction to the four Ps) | Developing effective marketing plans. | |
4.3 Sales Forecasting | Predicting future sales to inform business decisions. | |
4.4 Market Research | Gathering and analyzing data to understand market dynamics. | |
4.5 The Seven Ps of the Marketing Mix | Comprehensive approach to product, price, place, promotion, people, process, and physical evidence. | |
4.6 International Marketing | Strategies for marketing products or services globally. | |
5. Operations Management | 5.1 Introduction to Operations Management | Role of operations in producing goods and services. |
5.2 Operations Methods | Different approaches to production and service delivery. | |
5.3 Lean Production and Quality Management | Techniques to enhance efficiency and quality. | |
5.4 Location | Factors influencing business location decisions. | |
5.5 Break-even Analysis | Determining the point at which revenues equal costs. | |
5.6 Production Planning | Scheduling and controlling production processes. | |
5.7 Crisis Management and Contingency Planning | Preparing for unexpected business disruptions. | |
5.8 Research and Development | Innovating and improving products or processes. | |
5.9 Management Information Systems | Utilizing information systems for decision-making. |
For more details, check out the official IB Business Management page.
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IB Business Management vs A-Level Business
The debate of IB Business Management versus A-Level Business Studies comes down to their structure, assessment methods, and global focus. While both qualifications cover essential business concepts and theories, they differ in their approach and level of application.
1. Structure and Approach
A-Level Business
- A two-year programme focusing on business structures, functions, and operations.
- Provides an in-depth theoretical approach to business studies.
- Students develop analytical and evaluative skills based on case studies and business scenarios.
IB Business Management
- Part of the International Baccalaureate Diploma Programme (IBDP).
- Encourages a more global and practical perspective on business.
- Covers broader business environments, including ethics and sustainability.
2. Assessment Methods
A-Level Business
- Assessed mainly through written examinations, including:
- Multiple-choice questions
- Short-answer questions
- Essay-based responses
- Data response questions
- Exam-based assessment is detailed on the AQA examination board’s website.
IB Business Management
- Assessed through a combination of: Written exams with case study analysis and Internal Assessment (IA) – a research-based project where students analyse a real-world organisation, fostering practical application.
3. Global Perspective
- A-Level Business provides a strong foundation in business principles but primarily focuses on national business environments.
- IB Business Management promotes an international outlook, encouraging students to explore business in a global context.
- It also integrates intercultural understanding and respect, essential in today’s global marketplace.
4. Difficulty and Exam Performance
- In 2024, only 7.7% of IB Business Management HL students achieved a top score of 7/7, whereas 8.4% of A-Level Business students achieved an A*.
- This suggests that achieving top grades in IB Business Management may be slightly harder compared to A-Level Business.
Overall, A-Level Business is ideal for students who prefer structured exam-based assessments, whereas IB Business Management suits those who enjoy research, global perspectives, and practical application.
For more information on the differences between these two qualifications, read our article comparing the IB and A-levels.
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IB Business Management SL vs HL
In the IB Diploma Programme (IBDP), Business Management is offered at two levels: Standard Level (SL) and Higher Level (HL). The choice between SL and HL should depend on:
- Your interest in the subject
- The time commitment you can dedicate
- Your future academic and career aspirations
1. Course Content and Structure
SL (Standard Level)
- Covers five core units, providing a broad introduction to business concepts:
- Business Organisation and Environment
- Human Resource Management
- Finance and Accounts
- Marketing
- Operations Management
- Suitable for students interested in understanding business fundamentals but not planning to pursue it extensively.
HL (Higher Level)
- Includes all five SL units but explores them in greater depth.
- Additional topics such as:
- Business strategy
- Strategic decision-making
- Advanced financial analysis
- More demanding and requires more time for study and coursework.
2. Difficulty and Time Commitment
SL
- A more balanced workload, making it manageable alongside other IB subjects.
- Focuses on core business principles rather than extensive analysis.
HL
- More rigorous with additional content and case studies.
- Requires strong analytical skills and higher-level critical thinking.
- Ideal for students seriously considering business or management studies at university.
3. Best Fit for You
Choose SL if:
✅ You want a foundational understanding of business.
✅ You have limited time to dedicate to business studies.
✅ You are not planning a career specifically in business but still want some exposure.
Choose HL if:
✅ You have a strong interest in business and management.
✅ You can dedicate significant time to studying complex business topics.
✅ You plan to pursue a university degree or career in business, finance, or management.
Ultimately, both SL and HL offer valuable insights into business, but HL provides a more challenging and in-depth experience for students aiming for a business-focused academic or career path.
IB Business Management HL Vs SL Student Distribution (2024)
Mean Grade Comparison For IB Business Management HL vs SL (2024)
IB Business Management grading system (2025)
IB Business Management follows the standard grading scale for IB Grades employed by the International Baccalaureate Organisation, with 7 being the highest and 1 being the lowest possible grade.
Like many other IB subjects, the grading of IB Business Management is made up of both internal and external assessments: The internal assessment, which is a written commentary on a real business issue or problem, is a significant part of the course, making up 30% of the final grade for Standard Level (SL) students and 20% for Higher Level (HL) students. For more on IA examples, check out IB Business Management IA SL Examples and IB Business Management IA HL Examples.
External assessments, on the other hand, comprise written examinations. For SL students, there are two papers, while HL students sit for three. The structure and focus of these papers vary, testing students' understanding of the syllabus and their ability to analyse business case studies. These exams make up the remaining 70% to 80% of the final grade.
Grading in IB Business Management, therefore, is not just about regurgitating learned content, but also demonstrating an understanding of business concepts and applying them effectively. The IBO offers an extensive guide to understanding their grading system, which can be an invaluable resource for students aiming to excel in this course.
Have a look at our comprehensive set of IB Business Management SL and IB Business Management HL resources, developed by expert IB teachers and examiners:
📚 View IB Business Management SL Study Notes
📚 View IB Business Management HL Study Notes
📚 View Business Management SL Past Papers
📚 View Business Management HL Past Papers
IB Business Management Exam Format (2025)
The IB Business Management examination consists of different papers for Standard Level (SL) and Higher Level (HL) students. Let's break down the format of these exams to help you prepare more effectively.
IB Business Management Exam Format - SL
Since 2024, there has been significant updates to the exam format following the curriculum update aforementioned. Check out the latest subject guide for more. In summary, for SL students, there are two papers:
- Paper 1 is a case-study-based exam that lasts 1 hour 30 minutes: Students receive a statement that specifies the context and background of the case study in advance but must respond to the unseen case study in the exam. It's a structured, short-answer format that tests students' application and analysis of the case study.
- Paper 2 lasts 1 hour 30 minutes and tests the knowledge of the course's five core themes: It includes data-response, short-answer, and extended-response questions, allowing students to showcase their understanding of business concepts and theories.
IB Business Management Exam Format - HL
Since 2024, there has been significant updates to the exam format following the curriculum update aforementioned. Check out the latest subject guide for more. In summary, for HL students, there are three papers:
- Paper 1 format is identical to SL, but there's an additional section with more complex, higher-level questions.
- Paper 2 for HL also includes an additional section, Section C, which contains two extended-response questions based on a case study.
- HL students also sit for Paper 3, an exam that lasts 1 hour 15 minutes and involves responding to unseen questions based on a case study about a social enterprise.
IBO provides comprehensive exam guides on their website, offering essential insights into what examiners look for in the exams. Understanding the exam format is the first step towards a strategic revision plan, leading to a successful performance in the IB Business Management exams.
What is a good IB Business Management score?
When it comes to defining a "good" IB Business Management score, it depends on your academic goals and university entrance requirements. At the bottom line, it's safe to say that a score of 6 or 7 is excellent. Falling short of this, however, doesn't mean it is a bad score. According to the IBO's May 2024 statistical bulletin, the average score for Business Management was 4.9 at both levels. Therefore, achieving a grade above 4.9 could be seen as a good score.
However, it's essential to keep in mind that universities' entrance requirements can vary significantly. Some may require a minimum score of 6 in HL subjects, while others might be more lenient. In the UK, for instance, top universities like the University of Oxford or the London School of Economics usually require a total IB score ranging from 38 to 40 points, including specific subject requirements.
Also, remember that while the final score is important, universities and employers also value the skills developed during the course. The IB Business Management course fosters analytical, decision-making, and evaluative skills that can be advantageous in any career path. Therefore, focus not just on the numerical score but also on mastering these transferrable skills.
How to revise and get a 7 in IB Business Management?
Achieving a score of 7 in IB Business Management, while challenging, is achievable with the right approach and revision techniques. Here are some tips to help you prepare effectively:
1. Understand the Syllabus: Know your syllabus inside out. Understand the core themes and how they interconnect. The IBO provides a detailed syllabus guide which should be your first point of reference.
2. Past Papers Practice: Regularly practicing past papers under exam conditions can give you a good understanding of the exam format, time pressure, and types of questions asked. You can access these from the IBO website or other IB resources platforms, such as IB Business Management Past Papers.
3. Study Real Business Cases: Given the focus on practical business application in the course, familiarising yourself with real business case studies can greatly enhance your understanding. Websites like Business Insider and The Financial Times can be great sources of real-world business scenarios.
4. Use a Variety of Resources: While textbooks are a great place to start, you might want to supplement your studies with online resources, such as videos from Crash Course Business, lecture notes from reputable educational websites or enlist the support of an IB tutor.
5. Seek support: Collaborate with classmates, form study groups, or seek guidance from your teacher or IB Business Management tutor. Exploring different perspectives and discussing challenging topics can enhance your learning experience.
6. Seek Feedback: Regularly get feedback on your internal assessments and practice exam papers from your teachers. They can provide insights into areas for improvement.
7. Manage Your Time: Start your revision early and plan a study timetable. This can help manage the extensive syllabus and keep your revision on track.
Remember, while aiming for a 7 is an excellent goal, consistent effort, understanding, and application are key to success in any IB subject. Stay motivated, and don't forget to take care of your well-being during the revision period.
Overview of IB Business Management internal assessment (2025)
The Internal Assessment (IA) in IB Business Management allows students to apply theoretical knowledge to real-world business scenarios. As of the 2024 syllabus update, the IA requirements are standardised for both Standard Level (SL) and Higher Level (HL) students.
Key Features for Both SL and HL:
- Word Limit: The IA must not exceed 1,800 words.
- Research Focus: Students are required to investigate a real business issue or decision, utilizing primary and/or secondary research.
- Key Concept Integration: The analysis must be framed through one of four key concepts: change, creativity, ethics, or sustainability.
- Supporting Documents: Inclusion of 3 to 5 supporting documents is mandatory, providing diverse perspectives and recent information (published within three years prior to submission).
- Assessment Criteria: The IA is evaluated based on seven criteria, totaling 25 marks:
- Integration of a Key Concept (5 marks)
- Supporting Documents (4 marks)
- Selection and Application of Tools and Theories (4 marks)
- Analysis and Evaluation (5 marks)
- Conclusions (3 marks)
- Structure (2 marks)
- Presentation (2 marks)
Differences Between SL and HL:
- Weighting: The IA contributes 30% to the final grade for SL students and 20% for HL students.
- Time Allocation: SL students are allocated approximately 15 hours, while HL students are allocated around 30 hours to complete the IA.
This alignment in IA requirements ensures that all students, regardless of level, engage in a rigorous analysis of business issues, fostering critical thinking and practical application of business management theories.
For inspiration, read our articles on the IB Business Management SL Examples and IB Business Management HL Examples. For more detail, visit the official subject guides.
Top preparation resources for IB Business Management
Preparation for IB Business Management involves not only understanding the syllabus but also using a variety of resources to gain a comprehensive perspective. Here are some top resources that can enhance your preparation:
1. IBO Official Website: The website provides a wealth of information, including syllabus guides, past papers, and mark schemes.
2. Textbooks: 'Business Management for the IB Diploma' by Peter Stimpson and Alex Smith is highly recommended. This book is written with clear references to the assessment statements in the syllabus and provides practical examples related to business concepts.
3. YouTube Channels: Channel such as Crash Course Business offer a more interactive learning experience with numerous videos covering various topics.
4. Revision Guides: Books such as 'OSC IB Revision Guides for Business Management' and 'IB Business Management Q&A Revision Notes' can be extremely helpful for targeted revision before exams. They condense the syllabus and highlight key points to remember.
5. Discussion Forums: Platforms like IBO Reddit or IB Survival allow you to engage in discussions with other IB students worldwide, exchange study material, and ask questions.
6. Business News Websites: Reading business articles on websites like The Economist, Business Insider, or Financial Times can provide you with real-world business case studies.
Remember, diversifying your sources of learning can lead to a more robust understanding of Business Management. Incorporating a mix of these resources into your study plan could greatly enhance your preparation and performance in the course.
Exploring Career Opportunities with IB Business Management
One of the most beneficial aspects of studying IB Business Management is the multitude of career opportunities it opens up. The course equips students with the knowledge and skills to navigate various business-related fields. Here are a few career paths you could pursue:
1. Business Consultancy: With the knowledge of business operations, you could become a business consultant helping businesses identify weaknesses and opportunities for improvement. Consultancy firms such as McKinsey & Company or Boston Consulting Group (BCG)could be potential employers.
2. Marketing: The marketing module in the syllabus equips students with the ability to understand consumer behaviour, marketing strategies, and market research techniques. This knowledge can lead to roles in advertising agencies, marketing departments, or digital marketing firms.
3. Finance and Accounting: The finance module provides students with an understanding of financial tools, statements, and decision-making processes which can be applied in roles such as financial analyst, investment banker or an accountant.
4. Entrepreneurship: IB Business Management provides a solid foundation in understanding how to start and manage a business. This could be a stepping stone towards launching your own startup.
5. Human Resources (HR): With an understanding of organisational culture, leadership, motivation, and HR planning, you could work in HR management roles in a variety of organisations.
6. Operations Management: If you're fascinated by the logistical aspects of business, roles in supply chain management, logistics, or production management could be for you.
Further education in business studies, such as a bachelor's degree or an MBA, can also expand these opportunities. The critical thinking, problem-solving skills, and business acumen you gain from studying IB Business Management can serve as a strong base for your future career path. UCAS provides more details on university courses and entry requirements in business-related fields.
Conclusion
The journey through IB Business Management is undoubtedly challenging but highly rewarding. The course offers an in-depth understanding of the business world, preparing you for numerous career paths. From understanding the basics of business, navigating the syllabus and assessments, to effective revision strategies and resources - this guide has covered it all. Remember, success lies in consistent efforts, using diverse resources, and maintaining a strategic approach towards your studies. You're now equipped with all you need to excel in IB Business Management and lay a strong foundation for your future career.
FAQ
What prerequisites are needed for IB Business Management?
In the majority of educational institutions, there aren't specific subject prerequisites for undertaking IB Business Management. Nevertheless, the course demands a decent level of understanding in reading, writing, and analytical skills. Furthermore, a genuine interest in how businesses operate and the strategic decision-making process is beneficial for successfully navigating the coursework. As the curriculum uses real-world business contexts, any previous business-related experience or learning could also be advantageous.
How does the IB Business Management course enhance critical thinking?
The course is designed to develop critical thinking by encouraging students to understand, analyse, and evaluate a range of business activities. It employs case studies and real-world business problems that compel students to approach issues from diverse perspectives. Furthermore, the use of key concepts and methodologies helps students make connections across different topics within the course. The internal assessment enhances critical thinking by allowing students to undertake independent research into a real-world business issue or decision.
What are the exam formats for IB Business Management?
IB Business Management examinations are split into two papers. Paper 1 is based on a case study issued in advance, with the questions unseen until the examination. It requires students to analyse and apply business management tools to the situation at hand. Paper 2 is more traditional and includes structured, short-answer, and extended response questions. In addition to this, the Internal Assessment is a research project where students investigate a real-life business of their choice.
What types of questions are asked in the internal assessment?
The internal assessment requires students to develop a research question that allows them to conduct an in-depth investigation into a specific business and issue. The choice of question is broad but should allow students to demonstrate application of business management tools, theories, and techniques. For instance, a student might choose to investigate the impact of a specific marketing strategy on a company's sales or how a change in organisational structure has affected employee productivity.
How can I effectively prepare for my IB Business Management exams?
Regular, structured study is crucial. This includes understanding key concepts and theories rather than solely focusing on rote memorisation. Practice with past papers is invaluable, particularly for Paper 1's case study analysis. Learning how to apply business concepts to real-world scenarios is also essential. Form study groups with peers for discussion and collaborative learning. Finally, seek continuous feedback from your teacher on your progress and areas for improvement.
What careers can an IB Business Management course lead to?
The skills and knowledge acquired from the course provide a robust foundation for various careers. These include business consultancy, entrepreneurship, marketing management, human resources management, operations management, and financial management. The critical thinking, research, and analysis skills developed during the course can also prove valuable in a range of roles beyond the business world.
How does the IB Business Management course differ from Economics?
Although both subjects have overlapping themes, their focus differs. Business Management delves into the internal workings of businesses, including their strategies, operations, and decision-making processes. It focuses on how businesses function and how they interact with their external environment. Economics, on the other hand, takes a broader perspective. It deals with the principles and theories explaining economic interactions, including supply and demand, market structures, and macroeconomic indicators.
How are real-world business scenarios integrated into the curriculum?
Real-world scenarios permeate the course through case studies and the internal assessment. Case studies expose students to a range of business contexts and problems, providing them an opportunity to apply and evaluate business management theories. The internal assessment requires students to conduct research on a real-life business and its operations, giving them hands-on experience of business analysis.
How does the course handle the topic of sustainability in business?
Sustainability is incorporated into the course through discussions on ethics, corporate social responsibility, and the impact of business decisions on society and the environment. The course encourages students to recognise sustainability as an integral part of contemporary business strategy and decision making. Case studies often include scenarios that require students to consider sustainable practices in the context of business operations.
Are there recommended textbooks for IB Business Management?
There are several textbooks specifically created for the IB Business Management course, which provide comprehensive coverage of the syllabus. One popular choice is Paul Hoang's "Business Management", which is highly regarded for its thorough content, case studies, and examination practice. However, the selection of a textbook often depends on the teacher's preference and the specific requirements of the syllabus at the time.
How does the course address emerging business trends?
Emerging business trends like digitalisation, e-commerce, sustainability, and globalisation are woven into the fabric of the course. They are addressed within the curriculum's key concepts, discussed in the classroom, presented in case studies, and often form a part of the internal assessment project. The focus is on how these trends impact business strategies and operations, preparing students for the evolving business landscape.
What are some successful strategies for the case study analysis?
Effective case study analysis requires a solid understanding of the business scenario, including its context and challenges. Students should draw on the theoretical concepts taught during the course and apply them to the case in a reasoned and justified manner. Practice is crucial, especially under timed conditions to replicate examination circumstances. Also, feedback on practice responses from teachers or peers can be very beneficial.
Can I retake an exam if I'm unsatisfied with my score?
Yes, IB does allow for exam retakes during the next examination session. However, this decision should not be taken lightly. It's advisable to discuss with your teacher or IB coordinator to consider your options carefully. Do bear in mind that there may be additional fees and specific school policies associated with exam retakes.
How is the Group 3 (Individuals and Societies) subject group evaluated?
Each subject in Group 3, including Business Management, is assessed based on both external and internal assessments. The external assessments are written examinations, with formats varying according to the specific subject. The internal assessments are research projects that are specific to each subject. For instance, in Business Management, students conduct an investigation into a real-life business.
What tips are there for selecting a research question for the internal assessment?
It's important to select a real-life business you're genuinely interested in and one where you can access ample information. Your research question should be focused, manageable, and lend itself to analysis using concepts from the course. It's wise to consider several potential questions and then discuss your ideas with your teacher. They can guide you with advice on the suitability and feasibility of your proposed question and help refine it further.
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Written by: Charles Whitehouse
LinkedInCharles scored 45/45 on the International Baccalaureate and has six years' experience tutoring IB and IGCSE students and advising them with their university applications. He studied a double integrated Masters at Magdalen College Oxford and has worked as a research scientist and strategy consultant.