Postgraduate FAQs

 

WHY SHOULD I APPLY FOR A GRADUATE PROGRAMME IN THE DEPARTMENT OF ACCOUNTING?
|DO YOU OFFER A JOINT MSC WITH OTHER DEPARTMENTS?
|IS A GMAT/GRE TEST COMPULSORY FOR THE APPLICATION?
|HOW WELL MUST I DO ON IELTS/TOEFL?
|DO YOU OFFER SOME SPECIFIC FINANCIAL SUPPORT?
|WILL I HAVE TO ATTEND A SUMMER SCHOOL?
|WILL I HAVE TO ATTEND A PRE-SESSIONAL OR INTRODUCTORY COURSE?
|HOW MANY REGISTERED STUDENTS TO APPLICATIONS ARE ON EACH OF THE
PROGRAMMES?
|WHAT IS THE DIFFERENCE BETWEEN….?
|HOW DO I APPLY?
|DOES AN OFFER FOR THE DIPLOMA IN ACCOUNTING AND FINANCE GUARANTEE ME A PLACE ON THE MSC ACCOUNTING AND FINANCE PROGRAMME?
|CAN PROFESSIONAL QUALIFICATIONS (SUCH AS ACCA) BE CONSIDERED EQUIVALENT TO AN UNDERGRADUATE DEGREE?
|I HAVE A NON-RELATED DEGREE, COULD I STILL BE CONSIDERED FOR ONE OR YOUR PROGRAMMES?
|I WANT TO APPLY FOR THE MPHIL/PHD IN ACCOUNTING. DO I NEED TO IDENTIFY A SUPERVISOR BEFORE I APPLY?
|WHAT DO I NEED TO INCLUDE IN MY PHD APPLICATION RESEARCH PROPOSAL?
|WILL I NEED TO ATTEND AN INTERVIEW AS PART OF MY APPLICATION TO THE PHD PROGRAMME?
|HOW WILL THE PROGRAMME HELP MY CAREER PROSPECTS?
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• WHY SHOULD I APPLY FOR A GRADUATE PROGRAMME IN THE DEPARTMENT OF ACCOUNTING?

Diploma in Accounting and Finance
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• Study in one of the most highly rated departments in the subject area in the world, both for its research and its institutional links.
• Designed for students with little or no previous knowledge of accounting and finance, and who wish to develop their knowledge in this area within a flexible programme.
• Prepares students for careers in the fields of accounting, finance, consulting, and general management.
• The opportunity to subsequently join the MSc Accounting and Finance (subject to satisfactory performance in the Diploma programme).

MSc Accounting and Finance
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• This MSc has an established reputation for excellence extending for more than four decades.
• Study in one of the most highly rated departments in the subject area in the world, both for its reseach-led teaching in accounting and finance (combined with your own independent study) and for its institutional links.
• Interaction with fellow students from over 40 countries.
• The course is structured so that students can specialise through designated pathways in finance, international accounting and finance, or accounting and financial management.
• Prepares students for a variety of careers across a wide range of sectors, including financial institutions, accounting firms, management consultants, industry, government and academia.

MSc Accounting, Organisations and Institutions
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• The opportunity to study accounting and its organisational and institutional significance in one of the world's leading social science institutions and departments of accounting.
• Aimed at those exceptional individuals aspiring to the highest levels of seniority, whether in accounting firms, management consultancies, or government and regulatory institutions.
• Introduces students to the different ways in which accounting shapes modern organisations and institutions across a range of different contexts.
• The course is designed to appeal to those without prior academic training in accounting, given its emphasis on the analysis of accounting's relationships to policy, risk, and social and institutional phenomena.
• Suitable for those who may be interested in pursuing doctoral studies.

MPhil/PhD in Accounting?
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• Strong performance in the Department of Accounting or School's own MSc programmes can meet the entrance requirements for this degree.
• A formally structured programme that has received research training recognition from the ESRC.
• Aims to produce students whose research is of the highest international quality and is designed to provide a comprehensive training in theoretical and empirical research in accounting.
• To allow students to attend seminars which gives them an opportunity to hear presentations not only from academics, but also from policy makers and business practitioners.

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|• DO YOU OFFER A JOINT MSC WITH OTHER DEPARTMENTS?

The Department of Accounting offers a joint degree in MSc Law and Accounting |with the Department of Law, and also offers the MSc Accounting and Finance |in cooperation with the Department of Finance.

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• IS A GMAT/GRE TEST COMPULSORY FOR THE APPLICATION?

A GMAT |test is required for MSc Accounting and Finance students without a UK undergraduate degree. It is also recommended for all students with UK undergraduate degrees, particularly those whose quantitative skills are not demonstrated by their undergraduate studies. Candidates are advised that we do not ordinarily give conditional offers subject to a minimal GMAT score being attained.

The GRE is not preferable to the GMAT for MSc Accounting and Finance but will do under special circumstances (e.g. a late transfer from another programme).

The GRE/GMAT test is not required for applicants to the MSc Accounting, Organisations and Institutions or Diploma in Accounting and Finance programmes.

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• HOW WELL MUST I DO ON IELTS/TOEFL?

The minimum requirements on English tests for MSc Accounting and Finance and Diploma in Accounting and Finance are Standard. The MSc Accounting, Organisations and Institutions programme requires a Higher English Requirement, as does the MSc Law and Accounting programme.

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• DO YOU OFFER SOME SPECIFIC FINANCIAL SUPPORT?

- UK/EU students applying to the MPhil/PhD in Accounting may apply for ESRC funding. The Department holds a small number of ESRC awards|.
- All other applicants are considered for the Graduate Support Scheme.
- All other funding applications and enquiries are dealt with by the LSE's Financial Support Office. You are advised to visit their website| and, if necessary, contact them directly for any further information you may require.

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|• WILL I HAVE TO ATTEND A SUMMER SCHOOL?

An LSE Summer School |course may be required for MSc Accounting and Finance applicants who do not have the appropriate level of prior study in, for example, financial reporting or management accounting, but who are otherwise strong candidates for admission to the programme. Taking the required Summer School course(s) will be made a condition of your offer to the programme.

MSc Accounting, Organisations and Institutions applicants are not required to attend an LSE Summer School course.

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• WILL I HAVE TO ATTEND A PRE-SESSIONAL OR INTRODUCTORY COURSE?

For the MSc Accounting, Organisations and Institutions a short, focused, introductory course on accounting practices and techniques will be held at the beginning of the programme.

For the MSc Accounting and Finance an intensive revision course of the fundamentals of algebra, analysis and statistics, and of the basic accounting and disclosure principles and practice that are required for the programme will be held in the first week of the academic year.

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• HOW MANY REGISTERED STUDENTS TO APPLICATIONS ARE ON EACH OF THE
PROGRAMMES?

The Department of Accounting registered over 200 graduate students onto its postgraduate programmes in 2010/2011:
- Diploma in Accounting and Finance registered 37 out of 205 student applications.
- MSc Accounting and Finance registered 167 out of 1489 student applications.
- MSc Accounting, Organisations and Institutions registered 48 out of 694 student applications.
- MPhil/PhD in Accounting registered 2 out of 46 student applications.

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• WHAT IS THE DIFFERENCE BETWEEN….?

COMPARISON OF COURSES

MSc Accounting, Organisations and Institutions| vs. MSc Accounting and Finance
|The two programmes complement each other but the MSc Accounting, Organisations and Institutions is different from our existing MSc Accounting and Finance, the latter requiring prior knowledge of both accounting and finance, whereas the MSc Accounting, Organisations and Institutions does not require applicants to have prior academic courses in accounting. The MSc Accounting, Organisations and Institutions is particularly attractive to those interested generally in careers in management, consulting, regulation, assurance and the public sector. The core course covers topics under the headings "Foundations" and "Risk Management, Accountability and Corporate Governance".

MSc Accounting, Organisations and Institutions| vs. MSc Management, Organisations and Governance
|The MSc Accounting, Organisations and Institutions explores the interface between accounting, risk management systems and accountability, and does not require any specific undergraduate degree, whereas the MSc Management, Organisations and Governance offers an interdisciplinary social science perspective on the practice of management.
The MSc Accounting, Organisations and Institutions programme is 10-month full-time study and does not require a GRE/GMAT score, whereas the MSc Management, Organisations and Governance is 12-months full-time study, and does requires a GRE/GMAT score.

MSc Accounting and Finance| vs. MSc Law and Accounting
|The two programmes have different compulsory and optional courses.
MSc Accounting and Finance offers 9 months full-time or 21 months part-time study, whereas MSc Law and Accounting offers 12 months full-time or 24 months part-time study. The core course for MSc Law and Accounting requires you to write a dissertation and is also assessed by examination.
The MSc Accounting and Finance programme is an interdisciplinary programme which assumes applicants have a relevant background in areas such as financial reporting, accounting and/or finance. This programme focuses on the main theories and methods of these fields. Main courses include Accounting, Financial Management, and International Accounting and Finance. Students can specialise in their degrees but must take all relevant core courses – specialisations include Accounting and Finance, Finance, Accounting and Financial Management, and International Accounting and Finance.
The English Language requirement for MSc Law and Accounting is higher than what is required for the MSc Accounting and Finance.

MSc Accounting and Finance| vs. MSc Finance and Economics
|The two programmes have different compulsory courses, but almost the same optional courses. MSc Finance and Economics has more optional courses.
MSc Accounting and Finance offers 9 months full-time or 21 months part-time study, whereas MSc Finance and Economics offers 10 months full-time study only.
The MSc Accounting and Finance programme is appropriate for those interested in a career in financial institutions, management consulting, industry, or government bodies, whereas the MSc Finance and Economics programme will be of interest if you plan a career in a financial institution or in a role in industry which calls for advanced analytical skills. A short, focused, introductory course on quantitative methods and technical accounting will be held at the beginning of the programme for MSc Accounting and Finance, while students for MSc Finance and Economics are required to attend a Introductory Course in Mathematics and Statistics.
 
MSc Accounting and Finance| vs. MSc Finance (Full-Time)| and MSc Finance (Part-Time)
|The two programmes have different compulsory courses, but five of the optional courses are the same (Applied Corporate Finance, Global Financial System, Forecasting Financial Time Series, Quantitative Methods for Finance and Risk Analysis and International Finance).
MSc Accounting and Finance offers 9 months full-time or 21 months part-time study, whereas MSc Finance (full-time) offers 10 months full-time study only, and MSc Finance (part-time) offers 24 months part-time.  The compulsory courses for MSc Finance are closed to anyone not registered on these programmes. Similarly, MSc Finance students are not allowed to take Accounting courses offered on the MSc Accounting and Finance programme.

Diploma in Accounting and Finance|
For students studying on the Diploma in Accounting and Finance programme there is a clear route towards MSc level study within the Department of Accounting, subject to satisfactory performance. Diploma students who wish to apply for the MSc Accounting and Finance in the following year will not ordinarily be required to submit a GMAT test with their application.
The Diploma in Accounting and Finance is a flexible postgraduate programme providing an opportunity for students with little or no background in accounting and finance to acquire a solid foundation in these areas. The programme allows students with varying levels of knowledge and experience to build or extend their understanding of topics such as financial accounting, managerial accounting, auditing, asset pricing, corporate finance, and valuation. Students can also acquire knowledge of, or specialise in, other areas within the social sciences such as economics, management, mathematics, and statistics.

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• HOW DO I APPLY?

For Entry Requirements and How to Apply, please refer to the relevant pages in the Graduate Prospectus or directly to the Graduate Admissions office|.

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• DOES AN OFFER FOR THE DIPLOMA IN ACCOUNTING AND FINANCE GUARANTEE ME A PLACE ON THE MSC ACCOUNTING AND FINANCE PROGRAMME?

You will be required to make a formal application to the MSc Accounting and Finance programme. Any offer for the MSc will be dependent upon your performance in the Diploma, usually conditional on obtaining an overall Merit.

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|• CAN PROFESSIONAL QUALIFICATIONS (SUCH AS ACCA) BE CONSIDERED EQUIVALENT TO AN UNDERGRADUATE DEGREE?

Professional qualifications alone will not be considered equivalent to an undergraduate degree. You will require an undergraduate degree that meets our minimum requirements to be accepted on an MSc programme.

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|• I HAVE A NON-RELATED DEGREE, COULD I STILL BE CONSIDERED FOR ONE OR YOUR PROGRAMMES?

Yes. For the MSc Accounting and Finance, a non-related degree can sometimes be considered as long as you have studied courses such like economics; financial accounting; management accounting; quantitative methods and finance.

For the MSc Accounting, Organisations and Institutions, we do not specify any particular subject,  but you should have studied foundational courses in related disciplines, such as economics, politics, sociology, psychology, anthropology, science, engineering, or other.

The Diploma in Accounting and Finance is a qualification in its own right. It acts as a conversion course for students with little or no background in accounting or finance, such as students with undergraduate degrees in arts, economics, law, business, science, or engineering.

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|• I WANT TO APPLY FOR THE MPHIL/PHD IN ACCOUNTING. DO I NEED TO IDENTIFY A SUPERVISOR BEFORE I APPLY?

It is not necessary to identify a specific supervisor when you apply, but we do recommend that you research our faculty interests via our website| to see that we can adequately support your area of research.

PhD-level studies require a good matching of your research interests with those of potential supervisors.

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• WHAT DO I NEED TO INCLUDE IN MY PHD APPLICATION RESEARCH PROPOSAL?

To be able to consider you for potential admission to the PhD in Accounting programme, we require that you submit a formal PhD application accompanied with a research proposal (5-10 pages) indicating the topic of interest, a particular issue or focus which you believe is interesting, what other people have said about it (prior literature), and how you might investigate it.

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• WILL I NEED TO ATTEND AN INTERVIEW AS PART OF MY APPLICATION TO THE PHD PROGRAMME?

Yes. If the initial evaluation of the application and the proposal is favourable, we then invite the candidate to present the proposal to faculty in the department.

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• HOW WILL THE PROGRAMME HELP MY CAREER PROSPECTS?

Studying on the programmes offered by the Department of Accounting will offer you the opportunity to develop specific subject knowledge alongside a set of transferable skills that can be engaged towards a wide range of employment options. Please see the following links for some examples of the destinations of our recent graduates and current students:
http://www.lse.ac.uk/accounting/prospectiveStudents/postgraduate/careers.aspx|           
http://www.lse.ac.uk/lifeAtLSE/graduateProfiles.aspx

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