Programmes

MSc Finance and Private Equity

  • Graduate taught
  • Department of Finance
  • Application code N3UB
  • Starting 2018

The MSc in Finance and Private Equity is ideal for those seeking a generalist finance master’s with an integrated specialisation in private equity. This unique programme, supported by private equity firm Abraaj Group, offers unparalleled access to leading private equity researchers and practitioners who actively participate in the development of the field. 

The programme is built upon the highly successful MSc Finance (full-time) programme, with the addition of a dedicated course taught by the School's Abraaj Group Chair in Private Equity. You will focus on topics including the structure of private equity (PE) funds and how PE can be used in start-ups, in scaling-up cash flow businesses, and in restructuring firms facing financial distress.

As well as lectures, discussion and case studies, you will benefit from regular practitioner-led teaching. You will have the opportunity to gain deeper practical insight and links to the City, and will enjoy close interaction with LSE's Financial Markets Group and the Systemic Risk Centre, which attract leading finance researchers from across the world to their numerous research seminars and conferences.

Graduates of this highly-respected programme benefit from excellent career prospects in investment banks, consultancies, and a variety of financial institutions.

Programme details

Key facts

MSc Finance and Private Equity
Start date Pre-sessional course begins September 2018
Application deadline None – rolling admissions. However please note the funding deadlines
Duration 10 months full-time only (see Bologna process)
Applications 2016 824
Intake 2016 60
Availability UK/EU: Open from October
Overseas: Open from October
Tuition fee UK/EU: £34,200
Overseas: £34,200
Financial support Graduate support scheme (deadline 26 April 2018)
Minimum entry requirement 2:1 degree or equivalent in any discipline and good quantitative skills, at least to A level Mathematics (or the equivalent) 
GRE/GMAT requirement GMAT or GRE is required for all applicants without a UK undergraduate degree (GMAT strongly preferred). GMAT is recommended for applicants with UK undergraduate degrees, especially those whose quantitative skills are not demonstrated by their undergraduate studies, or those who did not achieve or are not expected to achieve a first class degree
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

You will take three compulsory courses and optional courses to the value of one and a half units. The foundation of the programme is built in the first term with the study of the compulsory courses Corporate Finance and Asset Markets.

In the second term, you deepen your specific knowledge of private equity by taking a dedicated course taught by the School's Abraaj Group Chair in Private Equity. Additionally, during the second term you will take three optional half unit courses on topics such as financial systems, risk management, portfolio management methods, advanced derivatives and structured financial products, fixed income, advanced corporate finance and applied financial valuation.

Please note that ten-month master's programmes (including pre-sessional) are not compliant with the Bologna process, which may affect the extent to which they are 'recognised'. 

(* denotes a half unit) 

Corporate Finance
Provides a comprehensive overview of firms' financial decision-making.

Asset Markets
Familiarises you with the workings of financial markets, and equips you with the fundamental tools of asset valuation.

Private Equity*
Provides a thorough grounding in the theory and recent developments in the field of private equity.

Courses to the value of one and a half units from a range of options

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

Contact hours and independent study

The average taught course contact hours per half unit is 20-30 hours and a full unit is 40-60 hours. This includes sessions such as lectures, classes, seminars or workshops. Hours vary according to courses and you can view indicative details in the Calendar within the Teaching section of each course guide.

You are also expected to complete independent study outside of class time. This varies depending on the programme, but requires you to manage the majority of your study time yourself, by engaging in activities such as reading, note-taking, thinking and research.

Teaching methods

LSE is internationally recognised for its teaching and research and therefore employs a rich variety of teaching staff with a range of experience and status. Courses may be taught by individual members of faculty, such as lecturers, senior lecturers, readers, associate professors and professors. Many departments now also employ guest teachers and visiting members of staff, LSE teaching fellows and graduate teaching assistants who are usually doctoral research students and in the majority of cases, teach on undergraduate courses only. You can view indicative details for the teacher responsible for each course in the relevant course guide.

Assessment

All taught courses are required to include formative coursework which is unassessed. It is designed to help prepare you for summative assessment which counts towards the course mark and to the degree award. LSE uses a range of formative assessment, such as essays, problem sets, case studies, reports, quizzes, mock exams and many others. Summative assessment may be conducted during the course or by final examination at the end of the course. An indication of the formative coursework and summative assessment for each course can be found in the relevant course guide.

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.

 

Careers

A significant proportion of graduates join either investment banks or boutique corporate finance firms as analysts as a first step in their careers into the world of private equity. However, some have been hired directly upon graduation by private equity or venture capital firms. Following a similar structure to the generalist MSc Finance, the programme also prepares you for various roles in investment banks, consultancies, hedge funds and asset management firms, or to pursue further study. In addition, having met on the programme, students have worked together on entrepreneurial ventures and start-ups.

This programme is not intended as suitable preparation for the PhD Finance at LSE (if you are interested in PhD study, please see MSc Finance and Economics.

Further information on graduate destinations for this programme

Support for your career

Many leading organisations give careers presentations at the School during the year, and LSE Careers has a wide range of resources available to assist students in their job search. Find out more about the support available to students through LSE Careers.

Student stories

Patricia Amoah Ntim

MSc Finance and Private Equity
Accra, Ghana

trishAmoahNtim170x230

LSE has impressed upon me the certain truth that knowledge should never be the exclusive to the wealthy. All stand to benefit from broader learning, greater challenges and improving their wider knowledge, allowing them to pursue their chosen careers. At LSE we have been given the opportunity to meet a variety of students and academics, and we are encouraged to exchange our knowledge and resources. Through the opportunity LSE has given me I now have the ability to reach my potential and inspire others to do the same.

Assessing your application

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
- GRE/GMAT

See further information on supporting documents

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.

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 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. 

Minimum entry requirements for MSc Finance and Private Equity

Upper second class honours (2:1) degree or equivalent in any discipline and good quantitative skills.

The mathematics used in the programme includes basic calculus and statistics, so applicants are also required to have studied a minimum of A level Mathematics (or its equivalent). Prior work experience is not necessarily a pre-requisite for entry into the programme.

Applying to other programmes

The MSc Finance (full-time) and the MSc Finance and Private Equity are identical programmes with the exception of one exclusive, mandatory course in Private Equity available only to MSc Finance and Private Equity students, in which those students must do their dissertation.

Therefore you should not select one of these programmes as your first course choice and the other as your second course choice. Instead you should select your preferred programme only. If the MSc Finance and Private Equity is your preferred option, you should demonstrate why you are particularly suitable for, and want to study, private equity.

GRE/GMAT requirement

GMAT or GRE is required for all applicants without a UK undergraduate degree (GMAT strongly preferred). GMAT is recommended for applicants with UK undergraduate degrees, especially those whose quantitative skills are not demonstrated by their undergraduate studies, or those who did not achieve or are not expected to achieve a first class degree.

More information about GRE/GMAT

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 2018/19 MSc Finance and Private Equity

UK/EU students: £34,200
Overseas students: £34,200

Fee status

For this programme, the tuition fee is the same for all students regardless of their fee status. However 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 reduction

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.

Please refer to the Fees Office website for further information.

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 2018.

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

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