About the MSc programme
The MSc in Management and Strategy is a one year programme which provides a rigorous analytical approach to management, focusing on developing critical thinking and in-depth understanding in relation to managerial economics and its relevance in organisations and strategy.
The programme combines the analytical approach and rigour of an economics degree with real-world, contemporary case studies used in MBAs. Although in many ways it is less applied and more theoretical than an MBA and the programme's analytical approach is constantly looking for ways to understand and apply theory via examples from the real world.
Students will learn analysis rather than mere description, making this programme unique in comparison with a typical MBA where the focus would be on vocational practice, rather than providing lifelong interdisciplinary critical thinking skills. The programme will develop your talent to achieve lasting career success in a rapidly changing world.
You do not require prior knowledge of economics, but you will need a basic interest in and openness to economic reasoning.
Key features of the programme:
a one-year programme providing a highly academically rigorous and multidisciplinary approach to management and strategy, with a focus on managerial economics
the compulsory courses cover incentives and governance in organisations, design and management of organisations, and analysis of strategy
a wide range of optional elective courses is available from departments across LSE, enabling students to customise their programme according to their own interests, and benefit from a truly interdisciplinary learning experience
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 rigorous approach to management
(* two half units)
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.
Students will be expected to choose courses to the value of one and a half units from a range of options.
Please read the following important information before referring to full details of course options found in the Programme Regulations.
The programme regulations available are for the current academic session and may be subject to change before the beginning of the next academic year. For more information about course availability in the next academic session, please contact the relevant academic department. The School reserves the right at all times to withdraw, suspend or alter particular courses and syllabuses, and to alter the level of fees. Courses are on occasion capped (limited to a maximum number of students) or subject to entry conditions requiring the approval of the course convenor. The School cannot guarantee that places on specific courses will be available.
The MSc Management and Strategy will provide you with a route to transition into a new area in your career.
As a conversion programme for students with no (or limited) background in managerial economics, we will provide you with an excellent foundation in general management and strategy with an economics focus, enabling you to enter a variety of careers including banking, consulting, multinational companies and the public sector.
Previous graduates of this programme have had extremely successful careers and have found their time at LSE to be an invaluable basis for this.