The MSc Management and Strategy is a cutting-edge programme in managerial economics, designed to develop your analytical and critical skills in the core strategic issues facing managers and organisations in today’s fast-moving global business world. The programme will give you a fundamental understanding of incentives and governance, organisational design, individual and group decision-making, and strategy in competition and markets.
With a strong focus on economic business analysis, you will learn to rigorously examine managerial challenges using economic techniques, and to recommend your own innovative, intelligent solutions.
You will also develop a critical understanding of the wider socio-economic environment in which businesses across the globe operate, giving real world relevance to your managerial skills, and providing the training you will need to deal with unknown future challenges in the global economy across your lifetime career.
The programme links critical analysis with practice, by combining the analytical rigour of an economics degree with real-world, contemporary case studies used in MBAs. Throughout the programme you will be challenged to understand and apply cutting-edge managerial and economic theory to examples from the real world.
You will graduate as a skilled analytical manager, with well-rounded intellectual and practical skills which are highly sought after by employers.
You do not require prior knowledge of economics, but you will need a basic interest in, and openness to, economic reasoning. The programme is aimed at students who have some quantitative background (e.g. a first degree in engineering, science, or a social science), with some quantitative training in elementary calculus and basic statistics. The programme will appeal to students with a degree in an economics or management-related subject who are looking for a more rigorous approach to management.
We are ranked #2 in the world for social science and management, and the MSc Management & Strategy programme is founded in LSE’s tradition for academic excellence.
The programme is designed around four compulsory core courses, and you can also customise your programme according to your own interests and career goals with a wide choice of optional elective courses in managerial economics, accounting, finance, and a range of other topics from leading academic departments across LSE.
You will complete the programme with a 6,000 word dissertation project during the summer, which will enable you to specialise with in-depth knowledge in your specific area of interest.
Compulsory core courses (2.5 units)
MG4A3 Incentives and Governance in Organisations (0.5 unit) explains how information and incentives influence decisions in organisations, and, on this basis, draws conclusions about the way companies should be organised and governed.
MG4B6 Design and Management of Organisations (0.5 unit) investigates organisation and management decision making on the basis of general heuristics and biases exhibited by individuals and groups. This is used to analyse how organisations can manage individual and group decision making, and how this gives rise to informal structures in organisations, e.g. corporate culture.
MG4A5 The Analysis of Strategy (A) (0.5 unit) introduces the abstract study of strategy on the basis of game theory and business economics, and applies these concepts to questions of business strategy, e.g. questions of vertical integration, value creation and a firm’s resources and capabilities.
MG4A6 The Analysis of Strategy (B) (0.5 unit) develops a framework, on the basis of game theory and economics, to think systematically about the various dimensions of how firms compete in industries. This includes questions of market definition, pricing, advertising and research and development.
MG497 Dissertation: MSc Management and Strategy (0.5 unit) gives students the opportunity to work on a project of their choice and apply the concepts from the programme in addressing a research question and the analysis of empirical evidence.
Optional elective courses (1.5 units)
You will customise your programme according to your own interests with two 0.5 unit courses from the M&S elective course list below, plus one other half-unit course from this list, or, with the approval of the Programme Director, from the full list of all graduate level courses at LSE.
Two 0.5 unit courses from the following list:
Employment relations and organisational behaviour
Managerial Economics and Strategy
One other half-unit course listed above, or, with the approval of the Programme Director, a half-unit not on this list.
Please refer to the full list of LSE graduate level courses.
M&S student profiles
Each year we attract a diverse range of students from a wide variety of backgrounds and international locations, forming a close-knit academic community.
The programme is designed for pre-career or early-career graduates, and the majority of our applicants will have just completed their undergraduate bachelor’s degree. However we also welcome professionals with some work experience to bring a variety of experience to the classroom, and a number of students will have around 2 years’ experience.
Current class profile (2015-16)
Career development with the MSc Management & Strategy
The programme will develop your intellectual and practical skills as a talented managerial economist, with the ability to thrive and innovate with challenges in today’s complex and fast-moving business world. Your practical and professional management skills will be developed and polished during the programme, including communication and presentation skills, team working, and cultural intelligence gained from close collaboration with classmates from around the world. You will graduate with a well-rounded portfolio of practical and intellectual managerial skills to set you apart in the job market.
LSE Careers will provide tailored individual support with your professional development and job search throughout the programme. They offer one-to-one Career Consultant sessions, access to employers with career fairs, seminars and workshops, a vast database of employment opportunities via the LSE Career Hub, and help with job hunting, CVs/resumes and interviews.
LSE M&S graduates are highly sought-afterby employers for their unique combinationof intellectual and practical skills inmanagement and economic analysis, alongwith highly developed critical decisionmakingand problem-solving abilities.
M&S graduates have taken roles across awide variety of sectors, in companies acrossthe globe. Two common career paths aremanagement consulting or finance, withgraduates taking up roles with companiessuch as PwC, Deloitte, McKinsey,Accenture, Goldman Sachs, HSBC andCredit Suisse. However opportunities arebroad, and M&S graduates have also goneon to excel in careers with employers in arange of other industries, from Facebook tothe World Bank.
Here are some examples of the companies and organisations which our alumni now work for:
Upper second class bachelor's degree or equivalent, in social science, engineering or science discipline (see entry requirements)
No work experience is required, however the programme is well-suited to applicants with up to two years' experience, and applicants with more extensive experience are also welcomed
All applicants must submit a GRE or GMAT score
English language requirements
Your application will be considered on its academic merits. An offer of a place may be conditional on attending additional courses and/or passing qualifying examinations at a suitable standard, in addition to your degree. You should note that there are always many more applications than places available at LSE and possession of the minimum entrance requirements does not guarantee that you will be offered admission. It is therefore in your interests to apply as early as possible.
How to apply
Applications for entry in 2016 have now closed.
Fees and financial support
The programme tuition fee is £24,936.
A range of financial support options are available for UK and international graduate students.