Financial Support

Financial support for new students

As a matter of normal procedure, all applicants who are offered a place on the MRes/PhD Economics degree programme, are considered for all types of funding at the Department's disposal, on the basis of the information submitted in your application.  There is no separate funding application process.

The School offers a number of full scholarships to new PhD students each year.  The scholarships cover the cost of tuition fees and living expenses (up to £18K each year for for years one to four of your studies.

These scholarships are available for UK/EU and Overseas students undertaking full-time research in any LSE discipline, with annual renewal subject to satisfactory academic performance in your studies.  Studentships are awarded on academic merit and research potential.  For further details, see the LSE scholarships pages. 

Financial support for current students

Students should make every effort to raise funds from external sources wherever possible.  If your scholarship has ended and you are in the final two years of the PhD, you are encouraged to apply for a Teaching Fellowship.

However, the Department does have limited funds available for disbursement amongst students who are experiencing financial difficulties.   If you wish to be considered for Department funds, please contact the MRes/PhD Programme Manager.

In addition, the Paul Woolley Centre Scholarship Programme aims to support students
pursuing postgraduate research in the areas covered by the Paul Woolley Centre research agenda.

Other sources of financial support include:

Other funding opportunities

In addition, there are a number of other ways that students can earn an income at the LSE.


There are various opportunities to work as a Class Teacher in the Department.  Since many of you will be become academics, this represents useful professional training.  Even for students not expecting to pursue an academic career, the experience of giving public presentations will stand you in good stead.  Click on the links below for useful information and instructions on applying to be a teacher in the Department.

Term-time class teaching: teaching classes on economics undergraduate level courses during the full academic year, starting October until June.

Summer School class teaching: intensive teaching of classes on economics undergraduate level courses during three thee-week periods starting June until August.

EC400 (September Course) class teaching: intensive teaching of classes on advanced level economics courses in microeconomics, macroeconomics and statistics, to new MSc students, during September.

Teaching Fellows: teaching classes on economics master's level courses to masters students during the full academic year, starting September until August.


Occasional Research Assistants: the Research Centres connected to the Department recruit students to act as Occasional Research Assistants (ORAs) to work on their research projects.  Typically, an ORA will work about six hours per week throughout the year.  Occasionally, the Centres may wish to hire ORAs to work more than this, typically 20 hours per week.  Rates of pay are higher for these jobs although they will obviously leave you with less time for your own work, so you should bear this in mind before committing to this number of hours.

Being an ORA usually entitles you to a desk and access to good computer facilities.  It also allows you to learn how to do research by working with a senior academic.  As far as possible, the research centres try to assign ORAs to projects that fit with the student's own research interests.  However, you cannot pick and choose what you work on.  If you take a major role in formulating and executing a project, you are entitled to make that part of your thesis.


Other opportunities for earning money, either inside or outside the LSE, are sometimes advertised on the Departmental notice boards on the 1st floor of 32 Lincoln's Inn Fields.  The School's Careers Service may also be a useful source of information.




External funding

Many foreign governments and charitable foundations are sources of funds for students of particular nationalities. Non-UK students should make every effort to tap into these.

The School's Financial Support Office can offer further information on external funding opportunities.

Moreover, all universities have scholarships to fund graduate studies abroad. You do not need to have graduated at that university to apply. Web-links vary by university.

Finally, keep an eye on the 1st floor notice boards in the 32L building, where notices about scholarship opportunities are sometimes posted.

Funds for research related expenses

Research Training Support Grant

The Department will provide financial support up to a maximum of £250 per year for three years for research related expenses such as attendance at conferences.  You must be upgraded to PhD to qualify for this funding.

For more junior MRes students, the Department offers a one-off fund of £500 which must be used specifically for expenses related to conference attendance.

None of the above grants apply to students holding an ESRC Studentship.  Depending on the type of studentship you hold, there is a separate grant of £750 per annum connected to the studentship. The annual amount does not need to be spent in full each year but can be carried forward from year to year.

Please contact the MRes/PhD Programme Manager for more information.

The Centre for Economic Performance (CEP) offer funding to students who are working as an Occasional Research Assistant (ORA) in the Centre.  If you are presenting a paper at a reputable conference, you can apply for funds to help with the expenses.  CEP may also help with the cost of data, provided the data relates to a CEP project.  Further information can be obtained from the Centre Manager, Mr Nigel Rogers.

PhD students based in STICERD, can apply for funds for research related expenses.  All requests, including the amount needed and the reason, should be sent in an email message to the Director, Prof Oriana Bandiera.

Postgraduate Travel Fund

The Postgraduate Travel Fund is open to PhD students attending conferences related to their research, who have been invited to present a paper at the conference.  MRes students are not eligible to apply for this fund until upgraded to PhD registration.

Royal Economic Society Grants and Fellowships

The Royal Economic Society offers various grants and fellowships to members, including Junior Fellowships and the Conference Grant Scheme.  Discounted membership fees are offered to students.