Programmes

MSc Finance (full-time)

  • Graduate taught
  • Department of Finance
  • Application code N3UA
  • Starting 2019
  • UK/EU full-time: Open
  • Overseas full-time: Open
  • Location: London

The MSc Finance (full-time) programme is one of the world’s leading generalist finance master's degrees, ideal for those whose career objectives lie broadly within the financial services sector.

The programme offers high level graduates, whose backgrounds may not necessarily be in finance, a unique opportunity to gain a comprehensive foundation and subsequent depth in the field. One of the most sought after degrees at LSE, the programme attracts some of the very best students from leading institutions from around the world.

You will gain an in-depth grounding with core courses in corporate finance and financial markets, before tailoring the degree to your goals with a range of optional courses, including a number of specifically designed applied courses. You will have the opportunity to gain deeper practical insight and links to the City, and will benefit from 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. You will also have the opportunity to meet and network with the MSc Finance (part-time) students throughout the year.

The programme enjoys an excellent reputation amongst employers, with alumni working in a range of organisations including leading investment banks, financial institutions, consultancies and boutique firms.

Programme details

Key facts

Start date Pre-sessional course begins September 2019
Application deadline None – rolling admissions. However please note the funding deadlines
Duration 10 months full-time only, including pre-sessional (see Bologna process)
Applications 2017 1,679
Intake 2017 93
Availability Open from October
Tuition fee £35,568 (all students)
Deposit To secure a place on the programme offer holders will be required to pay a deposit of £3,500 within four weeks of receiving their offer
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')
Financial Support Graduate support scheme (deadline 26 April 2019).
Location Houghton Street, London WC2A 2AE

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

The Department of Finance enjoys a pre-eminent reputation for the excellence of its teaching and research. Our diverse faculty and student body come from across the globe, providing a rich environment in which to research and study finance, ensuring that we continue to rank alongside the most highly-rated Departments in the world.

We believe that a sound basis in academic theory is crucial for long-term success. However, theory is symbiotic with application. The programme begins with core courses that give a thorough grounding in the principles of finance seen both in general and in real world applications. Our optional courses then provide deeper practical insight into finance as practice by leading financial institutions.

Pre-sessional programme

All registered students will attend a full-time three-week pre-sessional programme starting in early September. The essential pre-sessional course consists of preparatory academic classes, the Professional Development Programme, and social events.

Pre-sessional academic classes cover revision and introduction to core quantitative mathematics, statistics and accounting, ensuring all students are able to tackle the material in the first term’s core courses.

The pre-session also involves a number of career skills sessions to best prepare students for the competitive financial services sector job market:

Introduction to careers in Finance

City Speaker Series

CV and cover letter workshops

Consulting case study course

1-to-1 CV checking

Networking skills session

Job application form skills session

Alumni panel and networking reception

Courses

The foundation of the programme is built in the first term with study of two core courses: Corporate Finance and Asset Markets. Corporate Finance begins with the firm's investment decision and the cost of capital. This in turn is linked to the firm’s financial structure and market environment where the firm operates. It studies in detail major financial decisions including dividend choice, going public, mergers and acquisitions, and restructuring in financial distress. Asset Markets takes the student from fundamental concepts to up-to-date applications in fixed-income, equity and derivatives markets. You will then choose optional courses from a range available within the Finance department - please see details below.

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.

Courses to the value of two unit from a range of options

Optional courses

In the second term, students deepen their knowledge by taking four 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. Students will also be required to write a 6,000 word dissertation in the place of an exam in one of the four optional courses.

(* denotes a half unit)

Dedicated Courses

Fixed Income Securities and Credit Markets*
Provides a thorough grounding in recent developments in fixed income securities pricing, hedging and portfolio management.

Topics in Portfolio Management*
Provides analytical and statistical tools for the management of investment portfolios.

Mergers, Buyouts and Corporate Restructurings*
Covers advanced topics in Corporate Finance and Valuation and introduces students to valuation techniques for both securities and projects.

Financial Engineering*
Covers the basics in derivatives theory, and to apply them to a multitude of financial securities and structured products.

Risk Management in Financial Markets*
Gives an overview of risk management in the context of portfolios of mixed income securities and derivatives, as well as dealing with credit risk.

Corporate Investment and Financial Policy*
Examines how to apply corporate finance concepts in a wide variety of business situations via the use of case studies.

Non-Dedicated Courses

Quantitative Security Analysis*
Using information in financial statements and macro-economic variables to come up with the inputs into Merton-type models of viewing corporate securities as contingent claims on a firm’s assets.

Entrepreneurial Finance*
Evaluates business plans, growth opportunities and Venture Capital (VC) financing, covering a broad set of instruments used by entrepreneurial firms.

In exceptional cases it may be possible to take an unlisted Finance Department optional course with the approval of the Programme Director.

 

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.

Professional Development Programme

Overview

The Department of Finance runs an extensive Professional Development Programme alongside the Academic programme in order to support and prepare students to enter the job market. Starting in the pre-sessional course in September, students are given a wide range of careers support, from CV workshops and application advice to sector overviews and opportunities to meet and network with recent alumni who are working in London.

We run a number of events to best prepare students for the competitive financial services sector job market:

Introduction to careers in Finance

City Speaker Series

CV and cover letter workshops

Consulting case study course

1-to-1 CV checking

Networking skills session

Job application form skills session

Alumni panel and networking reception

Throughout the year, in addition to the great service offered by LSE Careers, the Department of Finance provides tailored, individual careers support to its students via a number of highly experienced sector consultants and Associate Programme Directors, each with significant experience of working in financial services.

We also spend a training a day at the Royal Academy of Dramatic Art, host Financial Modelling workshops, and offer an Applied Computational Finance course. More information on these opportunities can be found below.

Communication and Personal Impact training day

Students spend the day at the Royal Academy of Dramatic Art (RADA) Studios taking part in a day of communication and personal impact workshops, which aim to increase levels of self-awareness and help students to make a positive impression in a professional context.

Working on core skills to become effective and influential communicators, students will learn to use the body and voice to positive effect, and to develop a free and open physical presence. Students will also explore techniques for delivering a successful video interview, by becoming familiar with the particular risks and pitfalls associated with distance interviews.

Drawing on more than a century’s experience of what is required to make actors excellent communicators, you will leave RADA with the tools and techniques to help you start your professional communication on the right foot.

Financial Modelling workshops

This series of workshops gives students the opportunity to understand how theoretical finance concepts integrate with Excel models used in financial practice. This will help students both in the Programme curriculum and during the job application process.

Students will acquire basic skills relevant for entry investment banking positions in M&A, Leveraged Finance, Project & Infrastructure Finance, Distressed & Restructuring, Valuation, Equity Research, Capital markets, Asset Management and Private Equity (Growth Capital, LBO, Distress, Infrastructure).

Applied Computational Finance

Applied Computational Finance is a non-assessed, optional course which begins as an introduction to basic Matlab and then progresses to the simulation of individual securities, which a special focus on the predictability and fat tails features of volatility. Simultaneously students will examine data to test how well our models approximate the real world. They then move on to modelling portfolios of multiple securities and testing the CAPM and the Fama-French three factor models. Finally, students will use numerical techniques to price options and to construct a yield curve.

Teaching and assessment

Our philosophy

Our philosophy of finance education is based on the belief that a sound basis in academic theory is crucial for long-term success and our faculty are leaders in their field, regularly publishing new and innovative research which ensures that our teaching is always at the cutting edge of finance theory. However, theory is symbiotic with application. The MSc Finance programme contains a number of bespoke applied courses which are taught using case studies, interactive discussions and visiting expert speakers, and are specifically designed to enable students to gain deeper practical insights and links to the City.

Teaching and learning

Unlike the majority of MSc teaching at LSE, the dedicated MSc Finance courses are taught in a single three hour session, rather than a formal two hour lecture and a one hour associated class (at another time). This less formalised division between lecture and class makes it easier to teach with case studies and is also more in line with the teaching style used in business schools. The teaching allows the study of core theoretical concepts, whilst also allowing students to gain a practical understanding of the application of these concepts.

The majority of courses use case studies and practical homework problems to underpin the theory studied. In addition to the set work, you are expected to undertake a significant amount of reading and independent study throughout the year.

Since working well in a group is a key skill to develop and is particularly important to employers, some optional courses require you to participate in group work, for formative and/or summative assessment.

You can view indicative details for the teacher responsible for each course in the relevant course guide.

Formative work

This is coursework that does not count towards your final grade. For the majority of courses, you will be set weekly problem sets which you should complete before the following week’s class, where the teacher will work through solutions and answer questions. This provides you with an idea of how well you understand the material throughout the year.  An indication of the formative coursework and summative assessment for each course can be found in the relevant course guide.

Summative work

This is coursework that counts towards your final grade. All of the dedicated courses on the MSc Finance programme contain a summative coursework element.

Different courses set different types of summative work, however students should expect two or more pieces of work to be submitted over an eleven week term. Some courses require weekly submission of problem sets which all make up a small percentage of the final grade.

Exams

Exams will take place during the Summer Term exam period, which runs from late April until the first week of June. The exam timetable is confirmed during Lent Term.

In both FM422 and FM423 you will take two summative assignments, set during lecture time, under exam conditions. Each assignment will contribute 10% towards the final course grade.

Academic support

All academic faculty schedule weekly office hours in which any student may visit them to discuss academic issues. In some cases students may be able to arrange a time to meet with a member of faculty outside of their office hours.

The MSc Finance Associate Programme Director acts as the main academic and pastoral supervisor for all students on the programme.

The Associate Programme Director works closely with the Programme Director and the Programme Manager, and is able to advise students on general issues regarding the programme. In addition, she has extensive experience of the financial services sector, enabling her to provide a high level of careers support.

There are also 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:

How to read effectively

Academic writing and critical thinking

Developing leadership skills

Study/work/life balance

Preparing for the world of work

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

Professional Development Programme

See the Professional Development Programme section on this page.

City Speaker Series

During September the Department organises a number of City Speaker lecturers where practitioners from range of different areas of finance are invited in to talk to our students about their roles and the skills required to succeed. These sessions offer an informal opportunity for students to learn about specific sectors within finance and to assess their fit for specific careers and roles.

In previous years the City Speaker Series has included representatives from:

AllianceBernstein

Bessemer Venture Partners

Citi

Credit Suisse

CQS

Fidelity

Goldman Sachs

Houlihan Lokey

HSBC

JP Morgan

McKinsey

Moelis & Co

Morgan Stanley

Nomura

Proctor & Gamble

Standard Bank

Alumni network

The Department’s multiple well-established master’s programmes mean we have a large and wide-ranging alumni network. Students get direct access to this through the alumni networking events that take place during the pre-sessional, Michaelmas term and Lent term.

With alumni in top jobs and senior positions in London and overseas, this great international network has brought employment opportunities directly to our current students as former graduates and their employers look to hire the very best.

The Department has a strong presence on LinkedIn and encourages all alums to connect with us and to keep us updated as their careers progress. The Department and LSE alumni LinkedIn pages facilitate online engagement between alums and contain details of news and events as well as programme specific groups.

In the past we have had great success linking up students to alumni and also alumni from different classes with each other, forming both professional and personal bonds.

Interaction with part-time students

One of the advantages of running both the MSc Finance (full-time) and MSc Finance (part-time) programmes is that there are opportunities for students to interact with each other. This is particularly useful for full-time students building their network of professional contacts.

Twice a year the Department organises an MSc Finance Networking Evening where students from both programmes and alumni are able to socialise and meet.

LSE Careers

LSE Careers is a far-reaching resource available to LSE students and alumni, and is one of the best in the UK. Once registered at LSE you will be able to access the variety of resources and services it provides. These include:

Recruitment fairs

Company presentations

Interview and application skills sessions

Personal careers meetings

CV checking

Advice sessions

LSE is very fortunate in attracting the top recruiters in many sectors which enables the careers service to run an LSE-exclusive vacancy board full of internships, voluntary, part-time and graduate positions. In many cases, recruiters actively target our students and only choose to visit certain university campuses.

During the Michaelmas Term it is likely that there could be a careers presentation or event that you wish to attend every day of the week.

Graduate destinations

Graduates of the Department have excellent career prospects relative to their peers. Our MSc programmes prepare students for a range of careers in investment banking, consulting and the wider financial services sector, as can be seen in the Department of Finance Employment Report.

Our graduates take up demanding positions across a diversity of organisations spread around the globe. Some engage in their own start-ups, others join investment banks, brokerage houses, consultancies, financial boutiques and industrial concerns.

Top 8 employers this year

JP Morgan

Goldmans Sachs

Deutsche Bank

McKinsey & Company

Morgan Stanley

Boston Consulting Group

HSBC

Nomura

Top 5 employment locations

London

Singapore

Hong Kong

Frankfurt

Beijing

In addition to the internationally recognised research environment and academic rigour of its teaching programmes, a great advantage of studying at LSE is the reputation it holds amongst employers for producing high level graduates. Both the LSE Careers Service and the Department of Finance aim to help its students be as successful as possible on the job market once they graduate from the programme.

Work Placement Pathway

One of our unique offerings for students on the MSc Finance/ MSc Finance & Private Equity programme is our Work Placement Pathway. The Work Placement Pathway gives students the opportunity to fully integrate a summer internship into their programme. This extends their programme duration to 12 months, rather than the 10 months for the standard pathway.

How to participate: Students enrol onto the MSc Finance/MSc Finance & Private Equity programme as normal and have until the beginning of Summer Term to secure a summer internship and request transferral onto the Work Placement Pathway. Students on the Work Placement Pathway are required to submit a 2,000 word essay in early September after their placement, in order to be eligible for graduation from the programme in December.

Class profile

 

 MScFinanceFPE2018-19_YourclassBG_cropped 600x404

MScFinanceFPE2018-19_DegreeBG 600x404

 

* Data collected from MSc Finance and MSc Finance & Private Equity programmes

Student stories

Tiberio Guidolin

Tiberio Guidolin
BSc Economics and Management, University of Trento

When deciding which Master's programme to pursue, I focused on three main criteria: the quality of the course; the reputation of the school; and the quality of the alumni network. The MSc Finance at LSE ranked top on all three aspects. The School's reputation, particularly the Department of Finance, is highly regarded by industry professionals - a factor which definitely played a role in enhancing my employability prospects, having been offered internship opportunities within banking and consulting.

After the programme, I will be a Summer Analyst at JP Morgan's Equity Research division, before joining the Boston Consulting Group as a Visiting Associate in the Milan office.

 

Shivangi Bhattacharyya

Shivangi Bhattacharyya
BSc Physics, St Stephen's College, Delhi

One of the biggest highlights for me has been that all our professors are willing to go that extra mile to ensure that every student has a thorough coneptual understanding of the material taught, and are always willing to provide any additional support. I have found that the Department genuinely cares.

To any prospective student, I would like to say that this Department and the School provides you with a treasure-trove of resources, be it academic support, pastoral support, or career support - make good use of them!

 

Osama Abulkheir

Osama Abulkheir
BA Management, Cass Business School, London

My upbringing is quite international - I've lived across Switzerland, Libya, Sweden and the UK. In terms of work experience, I have completed short internships across Deloitte, Bloomberg, the Central bank of Libya, and the Libya Sovereign Wealth Fund. After graduation I will be joining the Sales & Trading Graduate position at Barclays in London.

The MSc Finance programme at LSE is globally renowned which is reflected in the rigorous course material and the lecturers. Whether you want to land a job, deep-dive into the discipline of Finance, or simply meet like-minded people, I would definitely recommend it.

You can read more student and alumni stories on our student profile page.

Alumni profiles

aaron-blatt--alumni-profile-113x148

Aaron Blatt

Previous degree
BSc in Mechanical Engineering at Queen's University in Canada

Why did you choose the programme?
“Although my background was originally in mathematics and engineering, I gradually became interested in business, particularly finance, as it seemed that it would be a much more stimulating and relevant application of my interests and skills. I therefore decided to pursue a graduate degree in finance to give me knowledge of this field and after a lot of research the LSE was my top choice. I was impressed with the reputation of the Department of Finance along with the programme structure of the MSc Finance course (which is less targeted towards financial engineering and mathematical finance than a lot of other finance masters programmes).”

What aspect did you gain from / enjoy most?
“When I started the programme, I knew that I would be working in Mergers & Acquisitions at an investment bank after I graduated, so I really wanted to focus on gaining the skills applicable for that job. From the range of courses I was easily able to learn everything I wanted (and more) about M&A, but I believe I also gained a much broader and richer education. Through the various elective courses I now have an appreciation for how capital markets function, how various types of securities are priced, how institutions hedge their risks and how fund managers invest their capital. I believe that these skills will benefit me a great deal in the future, however my career develops.

Aside from the course material, perhaps the best part of the programme was being around so many smart and motivated people. Class discussions were always interesting and interactive, and you really got the feeling that students cared more about understanding the course material than simply getting a high mark. That sort of environment makes it very easy to motivate yourself and get excited about what you are learning.”

What are you doing now?
“After I graduated from LSE I began my career in finance working at RBC Capital Markets in Toronto as a M&A Analyst. In two years I gained a very good appreciation for the fundamentals of valuation. I was able to hit the ground running given the coursework I had done at LSE. After two years I left to obtain my MBA at Wharton Business School, where I decided major in real estate, a subject I was becoming increasingly interested in.  I now work for Oxford Properties in Toronto focusing on real estate development, part of a team responsible for building new office buildings, apartments, shopping centres and industrial complexes. It is very interesting work which covers everything from architecture, construction, engineering and, of course, finance. I think it’s a great blend of my engineering and finance backgrounds.

I am grateful for having attended LSE. I have been able to use what I learned as an investment banker, MBA student and real estate developer; a sound understanding of finance seems valuable in all business contexts. I also have lasting friendships. One year after graduation I spent a week travelling the U.S. with six of my closest friends from school. A year later I attended the wedding of a friend from my residence, Grosvenor House. I am also still in touch with alumni who live in Toronto. Looking back, the year I spent studying and travelling through Europe was certainly one of my best!”

 

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Jessica Clempner

Previous degree
BSc Maths and Philosophy Joint Honours, Durham University

Why did you choose the programme?
“I chose the programme initially based on the reputation of the School for excellent teaching quality, and the fact that the course seemed to be very well-structured. I particularly wanted to be able to study finance in London in order to immerse myself in the financial capital, and the fact that the course incorporated both theoretical and practical financial applications particularly appealed to me.”

What aspect did you gain from / enjoy most?
“I really enjoyed to challenge of applying myself to the course, especially when studying the electives in the second term, as the more complex the subject matter was, the more interesting and applicable to the real world it became. The lecturers were each very passionate about their topics which was reflected in the teaching quality. I also thought that the structure of the course and the support provided by the Department and the School was really helpful.”

What did you do after graduation?
“I joined a graduate scheme with Lloyds of London.”

 

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Domien De Witte

Previous degree
MSc Commercial Engineering from the Catholic University of Leuven

Why did you choose the programme?
“I chose the MSc Finance programme at LSE because I expected it to be one of the most challenging and interesting finance masters programmes in Europe.”

What aspect did you gain from / enjoy most?
“It was very motivating and exciting to study with very talented students from all over the world. Learning from peers and excellent academics has been an absolute privilege and enabled me to attack financial problems from many different angles. LSE's international student body and vibrant society life made the whole experience even more rewarding.”

What are you doing now?
“Right after graduating from the MSc Finance programme at LSE, I joined The Boston Consulting Group, looking for a challenging international environment.

I have not been disappointed. As a strategy consultant, it has been very exciting to help large multinationals with their toughest problems and BCG has provided me with unparalleled opportunities. I literally could work around the globe on some of the world’s most strategic questions and even got the opportunity to negotiate multiple banking and insurance laws in 2013 when I worked - temporarily outside of BCG - as Financial Sector Advisor for Belgium’s Deputy Prime Minister.

Looking back, I feel the MSc Finance programme at LSE has helped me significantly to be successful as a strategy consultant. Obviously, the financial content of the courses is useful in my professional life, especially when working with corporate banking executives or on M&A deals. Equally important for my development was the quality of teaching and the challenging group assignments in the applied courses. The group assignments pushed us to fully think through complex financial business cases while working together with – very bright and interesting – classmates from all over the world. Thank you MSc Finance! I could not have wished for a better post-graduate programme.”

 

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Max Fu

Previous degree
BSc (Hons) Electrical Engineering

Why did you choose the programme?
“In terms of reputation in finance studies, I felt that LSE definitely had the best MSc Finance in Europe and is very likely the best among schools in the US. Apart from its reputation, I also really liked the way MSc Finance is structured, with two basic courses in the first term and more intense topic-specific courses in the second term. Since job searching was my primary goal during the programme, the introductory nature of the first term allowed time to prepare for and succeed in job interviews. In addition, the LSE career service was very resourceful. It regularly holds many big and small career fairs with a lot of top global and local companies attending. Finally, I had never been to London and I believed that coming to LSE would be a great opportunity to experience London for a full year.”

What aspect did you gain from / enjoy most?
“Socially, I made a lot of good friends in the past year, both from within the programme, from other programmes in LSE, and from outside LSE in general. London has become my favourite big city now after spending a year here and is a great hub for travelling around Europe.

Academically, although I took a little bit of finance before coming here, the two introductory courses still gave me plenty of new perspectives. The subjects in second term are just fabulous; Financial Engineering and Financial Valuation were my favourite courses. Although the second term is a lot harder than the first term, the theories and methods that I learnt in class are actually applicable in the real world; these courses are excellent preparation for any career in finance. The pre-programme courses are good too: the career services held interview preparation, resumé correction, and case studies before school started.

One more thing worth mentioning is the programme administration team, who were extremely helpful – the Associate Programme Director in particular knows every student's name and their backgrounds.”

What are you doing now?
“After graduation I worked in Deutsche Bank's Corporate Finance team as an analyst and subsequently an associate in the China Coverage team in Hong Kong. During my 4 years with DB I mainly worked on Chinese companies' Hong Kong IPOs and offshore high yield bond issuance. I have found that when meeting the local Chinese clients, graduation from a highly reputable school such as LSE definitely helps to create a good first impression. In addition, the friends I made during the program in LSE also helped me to find new opportunities in Hong Kong / China.

After 4 years with DB Hong Kong, I joined the principal investment team in China Cinda Asset Management in Hong Kong, mainly looking at their PE investments and sometimes some secondary market investment opportunities.”

 

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Sabine Khater

Previous Degree
Mechanical Engineering

Why did you choose the programme?
“I studied Mechanical Engineering in Lebanon, and throughout my undergraduate years I developed an increasing interest in business and finance. However, I lacked the theoretical background and needed to find a stepping stone after graduation that would allow me to find a job in the industry. I looked into many Masters programmes, but the MSc Finance at LSE was the ideal one for me: designed for people who come from another background, and aimed at preparing them for a career in finance. It was my top choice as I wanted London for being Europe's financial centre, and LSE for its reputation and its diversity. It was indeed the perfect choice, as it gave me exactly what I was looking for.”

What aspect did you gain from / enjoy most?
“I most enjoyed meeting smart interesting people from all around the world, who share the same interests. I gained a lot from the networking events and made a lot of useful contacts. I was also very impressed by the reputation the programme has in the industry; it allowed me to find an internship easily and early on. I learned a lot in one year, from the basics of finance to specific topics in elective courses. It was a very challenging experience but I think it really prepared me for the professional world.”

What did you do after graduation?
“I started an internship in Sales and Trading, at UBS London.”

 

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Sophie Lim

Previous Degree
Two-year Degree in Mathematics at Paris Dauphine University then Bachelor in a selective programme to become a Chartered Accountant.

Why did you choose the programme?
“After my studies in Paris, I did a summer internship in an investment bank and continued with a long internship in markets. This professional experience in the financial industry made me realise I wanted to start a career in markets. However, I felt I was lacking some theoretical background in finance, as my knowledge was only slowly built up through daily observations made at work or from tips from colleagues. Therefore the MSc Finance programme at LSE was ideal for me.”

What aspect did you gain from / enjoy most?
A”s a former French student, I was impressed by the diversity of the backgrounds and nationalities of my classmates. This is a well-known characteristic of the LSE, yet I would like to emphasise how much it is true. It is also important for someone who seeks to enter a career in finance.

Regarding the courses, I had expected that some elements would be theoretical but not necessarily used in the professional world. However, I found that many of the courses are extremely practical as well as theoretical; they are a good preparation for what students should expect when they start working. As I had only worked previously in markets, the programme allowed me to extend my knowledge into other fields of finance.”

What did you do after graduation?
“I did a long internship in credit structuring at Société Générale, London.”

 

aleksis-razmuss-alumni-profile-113x148

Aleksis Razmuss

Previous Degree
BSc in International Business Administration at Rotterdam School of Management, Erasmus University

Why did you choose the programme?
“Given the breadth of my undergraduate degree in general management, what I wanted was a more in-depth knowledge of finance. It was amongst my favourite subjects at RSM, and I felt that a specialised postgraduate degree would provide me with both a personal challenge as well as an edge in the job market.

When it came to university applications, LSE clearly came on the top of my list. Its excellent reputation, strong corporate ties, highly regarded feedback from alumni and the well-rounded MSc Finance programme were amongst the main reasons for my choice. Moreover, I was eager to move to London, which has always excited me as arguably the most vibrant city in Europe from a career as well as social perspective.”

What aspect did you gain from / enjoy most?
“I must say that one aspect that struck me most was the overall level of classmates. Due to the incredibly high number of applicants, people on the MSc Finance programme are extremely bright, driven and talented - it is a pleasure to work in such environment! It is an environment where you are constantly challenged, inspired and you can learn from each other on a regular basis. Moreover, it has also been great fun and I've met people that I am proud to call my friends!”

What are you doing now?
“Following graduation from LSE, I joined the London office of Bain & Company which was a very rewarding experience. I learned a ton by working on projects in various industries across Europe, USA, Middle East and Australia. After 2.5 great years at the firm, I decided it was time to pursue my interest in private equity which came to reality after joining the European investment team of Bain Capital. I’m really enjoying the impact, challenges and dynamics of investing - it’s been a great experience.

LSE certainly played a key part in this journey. The School’s brand name, which stands for the highest quality of education and commercial awareness, rightfully goes a long way in employers’ minds. Moreover, it is harder to secure your dream job in London from a non-UK university.

While it has been nearly 5 years since graduation (already!), I’ve kept in close touch with some of my classmates. Not only do we try to catch up during the regular networking drinks, but quite a few faces were also present at my wedding this summer!”

 

jessica-zoutsos-alumni-profile-113x148

Jessica Zoutsos

Previous Degree
BEng (Hons) in Civil Engineering

Why did you choose the programme?
“Although I had done an internship in investment banking, my background was primarily in engineering. I felt that the programme would be a great way to expand my knowledge in finance.”

What aspect did you gain from / enjoy most?
“The course covers all of the major areas of finance, in both a theoretical and a practical way, which gives you a well-rounded understanding of the industry – something that I think is incredibly valuable to a career in any area of finance.”

What did you do after graduation?
“I joined the investment banking division of Goldman Sachs as an analyst.”

Assessing your application

Minimum entry requirements

Undergraduate degree

Upper second class honours (2:1) degree or equivalent in any discipline and good quantitative skills. Admission to this programme is very competitive. In previous years the majority of students accepted into the programme had obtained 1st class honours degrees or the equivalent. See international entry requirements.

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).

GMAT/GRE

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 about GRE/GMAT

Professional experience

Work experience (either through internships or full employment) is not a pre-requisite; however, applicants who have some professional experience should include this in their application, as it may strengthen their application.

English language

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.

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

Additional test scores

Two academic references

CV

Personal Statement

See further information on supporting documents

You should note that there are always many more applications than places available 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.

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. Details on how to apply.

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.

Important information

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 the preferred option, you should demonstrate why you are particularly suitable for, and want to study, private equity.

Fees and funding

Tuition fees 2019/20 MSc Finance (full-time)

UK/EU students: £35,568
Overseas students: £35,568

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.

Deposit

To secure a place on the programme offer holders will be required to pay a deposit of £3,500 within four weeks of receiving their offer.

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.

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.

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 AwardsAnniversary Scholarships, and Antoine Faure-Grimaud 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 2019.

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. 

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

Further information

Fees and funding opportunities

Contact us

If you have any questions about the academic programme or admissions process please check our frequently asked questions page, or contact the Department of Finance Admissions team at finance.admissionsenquiries@lse.ac.uk.

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