London Business School teams are very successful at the moment, winning global competitions. My stream mate Cindy was part of a team that won the HSBC Global Deal Competition in New York, beating schools like Columbia, Chicago and Kellogg. But I was especially happy that my friend Amit won the Alpha Challenge, a global stock picking competition, beating teams from Stanford, Wharton, Columbia and others. Pretty impressive! I can't believe how these people did it, it's not like we had a lot of spare time recently to fly to other continents!
To be honest, I don't find this term very stressful, unlike some others (Karlitos made a related post). If you had a tough job before the MBA, the MBA is a vacation. In comparison to my job, it is very relaxing and there is zero serious pressure. The only pressure you could have is the pressure you put on yourself. But still, there are things to do, so even though I have lots of evenings off and enjoy my private life, you cannot really leave London a lot. Second year will be different obviously, as KV's example shows :-). I look forward to it.