Costs and financial aid

For UK & EU students, the Department has a quota of Economic and Social Research Council (ESRC) 4-year scholarships. These can be awarded to students on direct entry to the MRes/PhD programme. The ESRC award will cover fees for UK and EU students and a stipend of approximately £16,700 p.a. for UK students. For more information, please see the LSE Financial Support pages on ESRC funding.

The School offers a number of full scholarships to new PhD students each year. The scholarships cover fees and living expenses of £18,000 each year for four years. They are available for Home UK/EU and Overseas students undertaking full time research in any LSE discipline, with annual renewal subject to satisfactory academic performance at the School. Studentships will be awarded on academic merit and research potential. For further details see the LSE Scholarships pages.

The Department also has a number of scholarship packages for direct entry MRes/PhD students which it can deploy flexibly, either as full scholarships, or as partial scholarships e.g. to top up a fees-only ESRC award or a partial scholarship that the student has raised. Departmental scholarships of this nature are normally linked to teaching duties after year one and are awarded on the basis of academic merit. 

As a matter of normal procedure, all applicants who are offered a place on our MRes/PhD Economics programme would be considered for all types of funding at our disposal and for which they are eligible, on the basis of the information submitted in their application - there is no separate funding application process. 

As the Department is unable to offer funding to all students, applicants are strongly advised to seek support from other bodies. The School's Financial Support Office webpage has information on sources of funds for prospective graduate students. You should refer to the Graduate Study pages for details of fees and a guide to the cost of living in London.

After the first year of studies, there are teaching and research assistantships available in the Department.