Programmes

MSc Management and Strategy

  • Graduate taught
  • Department of Management
  • Application code N1UG
  • Starting 2017

M&S programme video

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 rigourous approach to management.

Programme details

Key facts

Start date 21 September 2017
Application deadline None – rolling admissions. However please note the funding deadlines
Duration 12 months full-time only
Number of applications per place 6.5
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 2:1 degree or equivalent in social science, engineering or science discipline 
GRE/GMAT requirement Compulsory, although exceptions for LSE students/alumni of certain programmes
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

We are ranked #2 in the world for social science and management, and the MSc Management and 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)

(* denotes a half unit)

Incentives and Governance in Organisations*
Explains how information and incentives influence decisions in organisations, and, on this basis, draws conclusions about the way companies should be organised and governed.

Design and Management of Organisations*
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.

The Analysis of Strategy (A)*
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.

The Analysis of Strategy (B)*
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.

Dissertation: MSc Management and Strategy*
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 (1.0 unit)

(* denotes a half unit)

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:

Accounting in the Global Economy*

Applied Corporate Finance*

Asset Markets A*

Auctions and Game Theory*

Behavioural Economics for Management*

Business in the Global Environment*

Consumer Behaviour: Behavioural Fundamentals for Marketing and Management*

Corporate Finance A* or Corporate Finance A*

Corporate Strategy*

Empirical Research Strategy for Managerial Economics*

Evolutionary Psychology and Management*

Financial Accounting, Reporting and Disclosures*

International Marketing: A Strategic Approach*

Leading Entrepreneurial Organisations in Global Markets*

Management Accounting, Decisions and Control*

Negotiation Analysis*

Personnel Economics*

Pricing Strategy*

Public Management: A Strategic Approach*

Public Management Theory and Doctrine*

Strategy for the Information Economy*

The World Trading System*

Valuation and Security Analysis*

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.                       


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 as a discipline. 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 in practice. You will critically assess trends, conflicts and patterns in management and economic practice, 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 socioeconomic and geo-political architecture in which businesses operate 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. 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.

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

Academic support

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 Director

Jorn Rothe
Dr Jörn Rothe
Director of Studies, Managerial Economics and Strategy            

Teaching team  

David de Meza
Professor David de Meza 
Eric Sosnow Professor of Management                   

Diane Reyniers
Professor Diane Reyniers
Professor of Managerial Economics and Strategy            

Yona Rubinstein
Professor Yona Rubinstein
Professor of Managerial Economics and Strategy                   

Catherine Thomas
Dr Catherine Thomas
Associate Professor of Managerial Economics and Strategy                   

Careers

Career development with the MSc Management & Strategy

M&S careers video
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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

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 Management and Strategy graduates are highly sought-after by employers for their unique combination of intellectual and practical skills in management and economic analysis, along with highly developed critical decision making and problem-solving abilities.

Management and Strategy graduates have taken roles across a wide variety of sectors, in companies across the globe. Two common career paths are management consulting or finance, with graduates taking up roles with companies such as PwC, Deloitte, McKinsey, Accenture, Goldman Sachs, HSBC and Credit Suisse. However opportunities are broad, and M&S graduates have also gone on to excel in careers with employers in a range of other industries, from Facebook to the World Bank.

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

  • Accenture
  • Bain & Company
  • Barclays
  • Bloomberg
  • Boston Consulting Group
  • Booz & company
  • BP
  • Citi Group
  • Creti Suisse
  • Deutsche Bank
  • Deloitte
  • Elipse
  • EY
  • Facebook
  • Gallup
  • Goldman Sachs
  • HSBC
  • JP Morgan
  • McKinsey
  • Nestlé
  • Oliver Wyman
  • PwC
  • Shell
  • UBS
  • World Bank

Student stories

Student profiles

Paul, France

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Subashni, India

Subashni-200x200
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Yichen, China

Yichen-200x200
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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, and a number of students will have around 2 years’ experience.

Current class (2016-17):

  • class size: 80 students
  • 25 nationalities
  • age range: 19-33
  • average age: 23

Assessing your application

Entry requirements for MSc Management and Strategy

  • upper second class honours degree (2:1) or equivalent in social science, engineering or science discipline. See international entry requirements
  • GRE or GMAT is required from all applicants. However an exemption will be made for current LSE students, and alumni, studying (or who have studied) Economics, Management or Mathematics. Find out more about GRE/GMAT
  • 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
  • you may also have to provide evidence of your English proficiency, although you do not need to provide this at the time of your application to LSE. See our 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.

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
- GMAT/GRE
- 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. 

Apply now >

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 Management and Strategy

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 graduate 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:

Annie Lordon, Programme Administrator
Email: dom.ms@lse.ac.uk
Telephone: +44 (0)20 3486 2951

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.

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