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Email: dom.msci@lse.ac.uk

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MSc Management Science

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Programme overview

The MSc in Management Science is a one year programme which provides students with both the knowledge and experience needed to apply Management Science techniques and methods at the highest decision making levels in organisations.

The Management Science degree builds on the experience of a range of internationally renowned researchers, authors and teachers who have a proven track record in developing pioneering methods for influencing the decisions that matter in organisations. 

The degree has two streams:

  • Operational Research (OR) stream: this stream is oriented to finding solutions to problems experienced by organisations in the way they operate. Aspects of an organisation's environment are modelled using a variety of well-defined analytics models, which reveal solutions that would otherwise have been difficult to discover. That describes the 'harder' side of OR. The 'softer' side is concerned with messy, complex issues faced by organisations, which can benefit from problem structuring approaches that enable the stakeholders to diagnose and resolve their issues. This stream is delivered in collaboration with faculty from the Department of Mathematics.
  • Decision Sciences (DS) stream: the focus in this stream is on helping decision makers to think more clearly about complex issues in their organisations, and on achieving committed alignment of key players. Mathematical models are used to help create alignment, but always within a carefully designed social process utilising behavioural analytics.

Both streams provide a thorough grounding in fundamental concepts and analytics methods of Management Science and will enable students to gain the skills to pursue higher degrees, or careers in commerce, industry or government in any country.

Curriculum

The MSc Management Science is divided into two distinct streams:

  • Operational Research (OR)
  • Decision Sciences (DS)

Under each stream students will study three compulsory core courses, and submit a 10,000-word dissertation. 

In addition students will have the opportunity to customise their programme according to their own interests and career goals, and benefit from a truly interdisciplinary learning experience, by choosing optional elective courses from a range of world-leading academic departments across the LSE.

Operational Research (OR) stream courses

MSc Management Science (Operational Research stream) programme structure

Compulsory core courses (2.5 units)
  • MG4C1 Techniques of Operational Research (0.5 unit) will introduce students to a range of Management Science techniques. The particular techniques taught may vary from year to year
  • MG4C8 Model Building in Mathematical Programming (0.5 unit) -  Mathematical Programming is one of the most powerful and widely-used quantitative techniques for making optimal decisions. The course has a pragmatic focus and aims at enabling students to model and solve real-life management problems, using a range of approaches.
  • MG4C5 Computer Modelling: Applied Statistics and Simulation (0.5 unit) will introduce students to the uses and practice of stochastic modelling and applied statistics
  • EITHER   MG4C7 Applied Management Science (1.0 unit) a three month practicalproject undertaken for a real company in a real life situation – a chance to put what has been learned on the programme to good use.
  • OR  MG4C9 Dissertation (1.0 unit) 10,000-word dissertation which allows students to pursue an independent piece of research within the field of Management Science. 
Optional elecitve courses (1.5 units)

You will customise your programme according to your own interests with optional elective courses to the total value of 1.5 units from the range of options listed below.

View full list of optional elective courses >

One of the following 0.5 unit courses:

Management

  • MG405 Behavioural Decision Science (0.5 unit)

Operational Research

  • MG4C6 Mathematical Programming: Theory and Algorithms (0.5 unit)
  • MG408 Combinatorial Optimisation (0.5 unit)
  • MG409 Auctions and Game Theory (0.5 unit)
  • MG4E1 Agorithmic Techniques for Data Mining
  • MG4A2 Operational Research and Decision Sciences in Practice (0.5 unit)
  • MG455 Behavioural Decision Science for Management and Policy (0.5 unit)
  • MG456 Risk and Decision Analysis for Management and Policy (0.5 unit)
Two of the above or the following 0.5 unit courses:

Accounting

  • AC491  Financial Accounting, Reporting and Disclosure (0.5 unit)

Employment Relations and Organisational Behaviour

  • MG4C2  Organisational Behaviour (0.5 unit)
  • MG4B7  Organisational Change (0.5 unit)

Information Systems

  • MG481  Innovating Organisational Information Technology (0.5 unit)

Mathematics

  • MA419  Search Games (0.5 unit)

Management

  • MG401  Operations Management (0.5 unit)
  • MG423  Leading Entrepreneurial Organisations in Global Markets (0.5 unit)
  • MG425  Global Business Management (0.5 unit)

Statistics

  • ST422  Time Series (0.5 unit)

Students may also choose a graduate-level course which is not on this list, subject to approval from the Programme Director. Please refer to the full list of all graduate level courses.

Decision Science (DS) stream courses

MSc Management Science (Decision Science stream) programme structure

Compulsory core courses (2.5 units)
  • MG455 Behavioural Decision Science for Management and Policy (0.5 unit) examines the key theories and experimental findings of behavioural science, and become aware of systematic decision biases and traps that can operate on individuals and groups when they decide.
  • MG456 Risk and Decision Analysis for Management and Policy (0.5 unit) examines how to use Risk and Decision Analysis to support decision making in private and public organisations. Based on rigourous concepts of normative, descriptive and prescriptive decision-making research, the course has an emphasis on the practical application of Risk and Decision Analysis in complex organisational settings and challenging environments.
  • MG4C5 Computer Modelling: Applied Statistics and Simulation (0.5 unit) will introduce students to the uses and practice of stochastic modelling and applied statistics
  • EITHER  MG4C7 Applied Management Science (1.0 unit) a three month practicalproject undertaken for a real company in a real life situation – a chance to put what has been learned on the programme to good use.
  • OR  MG4C9 Dissertation (1.0 unit) 10,000-word dissertation which allows students to pursue an independent piece of research within the field of Management Science.  
Optional elective courses (1.5 units)

You will customise your programme according to your own interests with optional elective courses to the total value of 1.5 units from the range of options listed below.

View full list of optional elective courses >

One of the following half (0.5) unit courses:

Management

  • MG405  Behavioural Decision Science (0.5 unit)

Operational Research

  • MG4C1  Techniques of Operational Research (0.5 unit)
  • MG409  Auctions and Game Theory (0.5 unit)
  • MG4A2  Operational Research and Decision Sciences in Practice (0.5 unit)
  • MG4E1 Agorithmic Techniques for Data Mining
Two of the above or the following half (0.5) unit courses:

Employment Relations and Organisational Behaviour

  • MG4C2 Organisational Behaviour (0.5 unit)
  • MG4B7 Organisational Change (0.5 unit)

Mathematics

  • MA402 Game Theory 1 (0.5 unit)

Management

  • MG401 Operations Management (0.5 unit)
  • MG423 Leading Entrepreneurial Organisations in Global Markets (0.5 unit)
  • MG425 Global Business Management (0.5 unit)

Social Psychology

  • PS445 Organisational and Social Decision Making (H)

Students may also choose a graduate-level course which is not on this list, subject to approval from the Programme Director. Please refer to the full list of all graduate level courses.

Student profiles

Management Science student profiles

Raghav, India

Tingting, China

The MSc Management Science programme attracts a diverse range of students each year, from a wide variety of employment backgrounds and international locations.

The programme is designed around the diversity of its students, bringing together a variety of real-world experience and international perspectives to form a close-knit academic community. 

The programme is well suited to both early-career graduates and mid-career professionals with industry experience to share. Our students vary in age, and applications from different academic and professional backgrounds are welcomed.

Current class profile (2015-16)

21 nationalities:

 

Programme Director

Gregory Sorkin

Professor Gregory Sorkin

Chair of Management Science and Mathematics

 

 Teaching team

BFasolo_62x84

Dr Barbara Fasolo

Associate Professor of Behavioural Science

 
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Dr Valentina Ferretti

LSE Fellow

 
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Dr David Jarrett

Guest Teacher

 
Ruth Kaufman

Ruth Kaufman

Visiting Senior Fellow

 
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Dr Xue Lu

LSE Fellow

 
female_siluette

Dr Alicia Mejia-Salazar

Guest Teacher

 
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David Newton

Guest Teacher

 
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Dr Katerina Papadaki

Associate Professor of Management Science

 
Larry Phillips

Professor Lawrence Phillips

Emeritus Professor

 
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Keith Rapley

Guest Teacher

 
Jonathan Rosenhead

Professor Jonathan Rosenhead

Emeritus Professor

 
Richard Steinberg

Professor Richard Steinberg

Chair in Operations Research

 
Dr Lazio

Dr Lazlo Vegh

Assistant Professor of Management Science

 
Dr Zambelli

Dr Giacomo Zambelli

Associate Professor (Reader) of Management Science

 

 

Career development with the MSc Management Science

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Upon graduation, MSc Management Science students will be prepared to enter positions in governments, multilateral organisations, consultancies, financial institutions and other major organisations. They will also have the skills to start their own enterprises if they choose to do so. Over time, students should be able to reach senior management positions in all types of organisations.

LSE Careers

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.

Graduate destinations

Graduates generally find ready employment in financial institutions, consultancies, government departments, software houses and other major organisations.

Every year, LSE Careers conducts a destinations survey of LSE graduates 6 months after they have graduated. From the 2013-14 survey of Management Science graduates:

  • 92% were in work/further study 6 months after graduation
  • Mean salary of £40,000

Recent graduates of the programme have gained employment with a number of organisations, including:

MSc-Management-Science-destinations

Entry requirements 

  • 2:1 bachelor's degree or equivalent in a relevant discipline, including first year university mathematics and statistics courses.
  • No work experience required. However, applicants with work experience are also welcome to apply.
  • Applicants are encouraged to 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 £20,736.

A range of financial support options are available for UK and international graduate students.

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