Programmes

MSc Economics and Management

  • Graduate taught
  • Department of Management
  • Application code N2U5
  • Starting 2017

E&M programme video

The MSc Economics and Management programme is a specialist multidisciplinary degree delivered jointly by the Department of Management and the Department of Economics - one of the largest and most esteemed Economics departments in the world, renowned for its research and contributions to the development of the subject area.

The programme is aimed at students with a strong analytical and quantitative background, and offers an unparalleled experience to challenge your perspectives on the way firms and markets operate, and to develop lifelong skills as a talented and innovative manager and economist. Combining an exceptional level of analytical training in economics with the more applied scope of a management degree, this is a unique programme.

The curriculum aims to develop your intellectual understanding of business strategy management, econometrics, and markets in the global contexts in which they operate. This well-balanced training as a manager and economist will enable you to graduate with the ability to tackle complex decisions, deal with unknown changes in today’s rapidly changing world, and champion new ideas to drive innovation in firms and markets.

This programme will provide you with an exceptional foundation to progress either to PhD-level study or to employment opportunities in your chosen career path.

The programme is taught and directed by two highly eminent economists from each department, Professor John Sutton and Professor Luis Garicano.                                 

Programme details

Key facts

MSc Economics and Management
Start date Introductory Course in Mathematics and Statistics begins August 2017
Application deadline None – rolling admissions. However please note the funding deadlines
Duration 10 months full-time only (see Bologna process)
Number of applications per place 13
Availability UK/EU: Closed
Overseas: Closed
Tuition fee UK/EU: £25,944
Overseas: £26,448
Financial support Graduate support scheme (deadline 26 April 2017)
Minimum entry requirement First class degree or equivalent in economics
GRE/GMAT requirement Graduates of non-UK institutions are required to submit a GRE or GMAT score. GRE is preferred
English language requirements Standard (see 'assessing your application')
Location  Houghton Street, London

For more information about tuition fees and entry requirements, see the fees and funding and assessing your application sections.

Programme structure and courses

Curriculum overview

E&m-curriculum-video2-200x200
WATCH VIDEO >

We are ranked #2 in the world for social science and management, and the programme is founded in LSE’s tradition for academic excellence. The curriculum is designed around four compulsory core courses, and you can also customise your programme according to your own interests and career goals with a choice of optional elective courses from leading academic departments across at LSE in managerial economics, accounting, finance, and other management topics. 

You will complete the programme with a 6,000 word extended essay during the summer, which will enable you to specialise with in-depth knowledge in your specific area of interest.                 

You will attend a pre-sessional course before the start of the programme.

Introductory course

Students are required to attend an Introductory Course in Mathematics and Statistics and an Introductory Accounting Course before the start of the programme. These assessed courses are designed provide the essential mathematical, statistical, economic and econometric background for the core Economics courses in this programme.

Compulsory core courses (3.0 units)

(* denotes a half unit)

Firms and Markets
Introduces microeconomic analysis within management, focusing on market competition, capabilities and internal organisation and link between strategy and structure. Particular emphasis is placed during this course on both developing analytical skills and on showing how these analytical skills can be deployed in practical strategic settings.

Econometric Methods
Focuses on empirical research in economics and gives students the opportunity to work with Stata and other econometric software in analysing actual data sets, reproducing and criticising results in previous work and learning the actual practice of econometrics as undertaken by the best applied economists.

Corporate Finance A*
Investigates corporate finance topics including capital budgeting techniques, the driving forces behind capital structure, debt and equity finance decisions, and the implications of those choices.

Extended Essay*
An independent research project of 6,000 words and based on one of the two option courses taken.

Optional elective courses (1.0 unit)

You will customise your programme according to your own interests with optional elective courses from the list below, to the total value of one unit.

You can find the most up-to-date list of optional courses in the Programme Regulations section of the current School Calendar.

You must note however that while care has been taken to ensure that this information is up to date and correct, a change of circumstances since publication may cause the School to change, suspend or withdraw a course or programme of study, or change the fees that apply to it. The School will always notify the affected parties as early as practicably possible and propose any viable and relevant alternative options. Note that that the School will neither be liable for information that after publication becomes inaccurate or irrelevant, nor for changing, suspending or withdrawing a course or programme of study due to events outside of its control, which includes but is not limited to a lack of demand for a course or programme of study, industrial action, fire, flood or other environmental or physical damage to premises.

You must also note that places are limited on some courses and/or subject to specific entry requirements. The School cannot therefore guarantee you a place. Please note that changes to programmes and courses can sometimes occur after you have accepted your offer of a place. These changes are normally made in light of developments in the discipline or path-breaking research, or on the basis of student feedback. Changes can take the form of altered course content, teaching formats or assessment modes. Any such changes are intended to enhance the student learning experience. You should visit the School’s Calendar, or contact the relevant academic department, for information on the availability and/or content of courses and programmes of study. Certain substantive changes will be listed on the updated graduate course and programme information page.

Teaching and assessment

The LSE learning experience

The curriculum is designed to challenge your view of the world, and of management and economics as interconnected disciplines. You will be asked to read the latest research to understand the underlying reasons why today’s business world exists as it does, and the practical implications for managers and economists in practice. You will critically assess trends, conflicts and patterns in firms and markets, and form your own opinions to defend and debate with your classmates in seminars. You will learn how to develop and communicate well-reasoned arguments, and to tackle complex decisions and problems in the context of the real socio-economic and geo-political architecture in which business operates across the globe. 

Teaching and assessment

Courses are taught in lecture and class or seminar format. Lectures introduce the core theoretical and technical concepts whilst their associated classes allow students to discuss and apply these concepts through exercises and in-depth study. Seminars allow for the focused study of key concepts in a more informal style and often involve presentations by students on selected course materials. Many teachers adopt a variety of teaching methods to deliver their courses such as class exercises, team presentations, individual or group work, or case study discussions. 

Given the high level of academic performance expected from students, a significant amount of independent study and preparation is required to get the most out of the programme. All full-unit courses are assessed by three hour unseen examinations in the summer term. Half-unit courses can be assessed by two hour unseen examinations, coursework assignments, class participation or group/individual project work.

You can view indicative details of hours and assessment for all courses listed in the online Programme Regulations.

Academic support

You will also be assigned an academic adviser who will be available for guidance and advice on academic or personal concerns.

There are many opportunities to extend your learning outside the classroom and complement your academic studies at LSE. LSE LIFE is the School’s centre for academic, personal and professional development. Some of the services on offer include: guidance and hands-on practice of the key skills you will need to do well at LSE: effective reading, academic writing and critical thinking; workshops related to how to adapt to new or difficult situations, including development of skills for leadership, study/work/life balance and preparing for the world of work; and advice and practice on working in study groups and on cross-cultural communication and teamwork. 

LSE is committed to enabling all students to achieve their full potential and the School’s Disability and Wellbeing Service provides a free, confidential service to all LSE students and is a first point of contact for all disabled students.

Faculty

Programme Directors

John Sutton
Professor John Sutton

Sir John Hicks Professor of Economics
Department of Economics                   

Luis Garicano
Professor Luis Garicano
 
Professor of Economics and Strategy
Department of Management

Teaching team    

Alessandro Gavazza
Professor Alessandro Gavazza

Professor of Economics
Department of Economics            

Pasquale Schiraldi
Dr Pasquale Schiraldi

Lecturer in Economics
Department of Economics      

Juanita Gonzalez-Uribe
Dr Juanita Gonzalez-Uribe

Assistant Professor of Finance
Department of Finance                                

Careers

Career development with the MSc Economics & Management

E&M-careers-video2-200x200
WATCH VIDEO >

The Economics and Management programme will develop your intellectual and practical skills as a talented and well-rounded manager, with the ability to thrive and innovate with challenges in today’s complex and fast-moving technological world. With a strong foundation of knowledge in economic analysis and management theory, plus practical skills developed with learning from real world case studies. 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 unique and well-rounded portfolio of practical and intellectual skills to set you apart in the job market.

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. Find out more about the support available to students through LSE Careers.

Graduate destinations

LSE is ranked #5 in the world for its reputation with employers, and Economics and Management graduates have taken roles across a variety of sectors, in companies around the globe. Common career paths are consulting and finance, with graduates taking up roles with employers such as McKinsey, Deloitte, BCG, HSBC, Citi Group and Merrill Lynch. However opportunities are extremely broad, and Economics and Management graduates have also gone on to excel in careers in a wide range of organisations, from Google to the World Bank.

Here are some examples of the companies and organisations which our alumni now work for: 

  • Ambit Capital
  • American Express
  • Bain & company
  • Boston Consulting Group
  • Capital Markets Company
  • Citi Group
  • Deutsche Bank
  • Deloitte
  • ECB
  • Google
  • Goldman Sachs
  • HSBC
  • HR Net One
  • JP morgan
  • KPMG
  • Management Solutions
  • McKinsey
  • Merrill Lynch
  • Monitor Group
  • Oxera
  • World Bank

Student stories

Student profiles

Edoardo, Italy

Edoardo-200x200
WATCH VIDEO >

Olexsandra, Ukraine

Oleksandra-200x200
WATCH VIDEO >

The student experience  

E&M-student-experience2-200x200
WATCH VIDEO >
     

Class profile

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.        

Current class (2016-17):

  • class size: 28 students
  • 16 nationalities
  • age range: 21-26
  • average age: 23

Assessing your application

Entry requirements for MSc Economics and Management

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.

We welcome applications from all suitably qualified prospective students and want to recruit students with the very best academic merit, potential and motivation, irrespective of their background.

We carefully consider each application on an individual basis, taking into account all the information presented on your application form, including your:

- academic achievement (including predicted and achieved grades)
- personal statement
- two academic references
- CV

See further information on supporting documents

When to apply

Applications for this programme are considered on a rolling basis, meaning the programme will close once it becomes full. There is no fixed deadline by which you need to apply, however we encourage you to apply early to avoid disappointment.

Please note that to be considered for any LSE funding opportunity, you must have submitted your application and all supporting documents by the funding deadline. See the fees and funding section for more details.

Fees and funding

Every graduate student is charged a fee for their programme.

The fee covers registration and examination fees payable to the School, lectures, classes and individual supervision, lectures given at other colleges under intercollegiate arrangements and, under current arrangements, membership of the Students' Union. It does not cover living costs or travel or fieldwork.

Tuition fees 2017/18 for MSc Economics and Management

UK/EU students: £25,944
Overseas students: £26,448

Fee status

The amount of tuition fees you will need to pay, and any financial support you are eligible for, will depend on whether you are classified as a home (UK/EU) or overseas student, otherwise known as your fee status. LSE assesses your fee status based on guidelines provided by the Department of Education.

Further information

Fees and funding opportunities

Fee reductions and rewards

Students who completed undergraduate study at LSE and are beginning taught graduate study at the School are eligible for a fee reduction of around 10 per cent of the fee.

Currently there is also an early payment reward for self-financed students who pay their tuition fees by specific dates.

Please refer to the Fees Office website for updates.

Scholarships and other funding

The School recognises that the cost of living in London may be higher than in your home town or country, and we provide over £11.5 million in scholarships each year to gradaute students from the UK, EU and overseas.

This programme is eligible for needs-based awards from LSE, including the Graduate Support SchemeMaster's Awards, and Anniversary Scholarships

Selection for any funding opportunity is based on receipt of an application for a place – including all ancillary documents, before the funding deadline. 

Funding deadline for needs-based awards from LSE: 26 April 2017.

In addition to our needs-based awards, LSE also makes available scholarships for students from specific regions of the world and awards for students studying specific subject areas.

Check the latest information about scholarship opportunities

Government tuition fee loans and external funding

A postgraduate loan is available from the UK government for eligible students studying for a first master’s programme, to help with fees and living costs. Some other governments and organisations also offer tuition fee loan schemes.

Find out more about tuition fee loans
Find out more about external funding opportunities

Contact us

Programme enquiries

If you have any questions about the academic programme, please get in touch with our programme team:

Clara Cook, Programme Manager
Email: dom.em@lse.ac.uk
Telephone: +44 (0)20 7955 7342

Admissions enquiries

With questions related to your application or the admissions process, please check our admissions frequently asked questions page, or contact the LSE Graduate Admissions team via their getting in touch page.

Request a prospectus

  • Name
  • Address

Register your interest

  • Name

Speak to Admissions

Content to be supplied