group of students in a lecture

Costs and Financial Aid

Students entering the MPhil/PhD Economic History programme at LSE are typically offered four years financial support from funding bodies.  Each year the Department of Economic History typically admits six to eight students with funding from a variety of sources.  The likely routes available for acquiring funding for 2023 entry to the MPhil/PhD Economic History are as follows:


1. LSE PhD Studentships

Each academic department at LSE is allocated a number of LSE PhD Scholarships. These School-administered LSE PhD Studentships cover fees and living expenses each year for four years. In return, recipients of the award are expected to teach in the Department from the second year of the programme. These Studentships are available for Home UK/EU and Overseas students undertaking full time research in any LSE discipline, with annual renewal subject to satisfactory academic performance at the School. Studentships will be awarded on academic merit and research potential. 

2. Economic and Social Research Council

The Department is allocated a limited number of Economic and Social Research Council (ESRC) 4-year scholarships (including research masters linked to a PhD programme). ESRC awards cover fees (for International students, LSE will cover the difference between UK and overseas fees) and a stipend – in 2022 a stipend of approximately £19,668 was awarded. 

3. Economic History Advisory Board (EHAB) studentship

The Economic History Advisory Board (EHAB) assists in the foundation and ongoing stewardship of the Economic History Research Fund, which aims to provide a regular studentship plus research grants for the Department's PhD students.

At present, the studentship is not available on an annual basis, but when it is, eligible students will be considered for funding.

As a matter of normal procedure, all applicants offered a place on our PhD Economics programme would be considered for all types of funding at our disposal and for which they are eligible, on the basis of the information submitted in their LSE application– there is no separate funding application process. 

As competition for places is very high and competition for funding is even more intense, we will not always be able to provide funding to all offer holders. Accordingly, applicants are advised to actively explore all potential sources of funding. The School's Financial Support Office webpage has information on sources of funds for prospective graduate students. You should refer to the Graduate Study pages for details of fees and a guide to the cost of living in London.