Programmes

BSc Mathematics, Statistics and Business

  • Undergraduate
  • Department of Statistics
  • UCAS code G0N0
  • Starting 2021
  • UK/EU full-time: Open
  • Overseas full-time: Open
  • Location: Houghton Street, London

This degree offers students with excellent mathematical skills the opportunity to build on their interests and learn how to apply their knowledge in the business world. The programme gives a thorough grounding in mathematical and statistical theory, and in addition offers a broad choice of optional courses after the first year.

You will be able to choose which aspects of the application of mathematics and statistics suit your interests and career aspirations best, by specialising  in a particular pathway. The main pathways available are: applicable mathematics, applied statistics,  actuarial science (where courses followed are identical to those in the BSc Actuarial Science), economics, finance and accounting.

The programme is accredited by The Royal Statistical Society. Depending on course choices this provides graduates with the status of Graduate Statistician, a grade of professional membership of the society. Several courses on this programme may give entitlement to exemptions from the Institute of Actuaries examinations.

Many students arrange internships in actuarial and financial firms or placement companies with help from LSE Careers or the Department of Statistics.

Watch our Virtual Open Day 2020 Statistics Q&A session here. 

Teaching and learning in 2021
We hope that programmes beginning in September 2021 will be unaffected by Coronavirus. If there are going to be any changes to the delivery of the programme we will update this page to reflect the amendments and all offer holders will be notified. For more information about LSE's teaching plans for 2020 please visit: https://www.lse.ac.uk/study-at-lse/Undergraduate/Offer-Holder/Information-for-Offer-Holders/Teaching-and-assessment and to view our Coronavirus FAQ's for prospective students please see: https://www.lse.ac.uk/study-at-lse/meet-visit-and-discover-LSE/COVID-19/Coronavirus-FAQs-for-prospective-applicants

Programme details

Key facts

Academic year (2021/22) September 2021 to June 2022
Application deadline 15 January 2021
Duration Three years full-time
Applications/offers/intake 2019 487/96/32

For information about tuition fees, usual standard offers and entry requirements, see the sections below.

Entry requirements

Below we list our entry requirements in terms of GCSEs, A-Levels and the International Baccalaureate (IB) Diploma. We accept a wide range of other qualifications from the UK and from overseas.

GCSEs
A strong set of GCSE grades including several at A (or 7) and A* (or 8-9)
GCSE English and Mathematics should be no lower than B (or 6)
We also consider your overall GCSE subject profile

A-levels
AAA, with an A in Mathematics
We also consider your AS grades, if available.

Contextual admissions A-level grades*
AAB with an A in Mathematics

IB Diploma
38 points overall, with 766 in higher level subjects, including Mathematics. 

*LSE is piloting a contextual offer scheme for eligible students applying for 2021. Read our UG Admissions Information to learn more about contextual admissions.

Competition for places at the School is high. This means that even if you are predicted or if you achieve the grades that meet our usual standard offer, this will not guarantee you an offer of admission. Usual standard offers are intended only as a guide, and in some cases applicants will be asked for grades which differ from this.

We express our standard offers and, where applicable, programme requirements, in terms of A-levels and the IB, but we consider applications from students with a range of qualifications including BTECs, Foundation Courses and Access to HE Diplomas as well as a wide range of international qualifications.

Information about other accepted UK qualifications

Information about accepted international qualifications

Subject combinations

  • We consider the combination of subjects you have taken, as well as the individual scores.
  • We believe a broad mix of traditional academic subjects to be the best preparation for studying at LSE and expect applicants to have at least two full A-levels or equivalent in these subjects.
  • For the BSc Mathematics, Statistics, and Business we are looking for candidates with an excellent quantitative training. Mathematics at A-level or equivalent is required, and Further Mathematics is highly desirable.
  • We are happy to consider applicants who have taken Mathematics, Further Mathematics and one other subject at A-level for this programme

Find out more about subject combinations.

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. The programme guidance below should be read alongside our general entrance requirements information.

We carefully consider each application on an individual basis, taking into account all the information presented on the UCAS application form, including your:

- academic achievement (see 'Entry requirements' for programme specific information)
- subject combinations (see 'Entry requirements' for programme specific information)
- personal statement (see below for programme specific information)
- teacher’s reference
- educational circumstances

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 page.

Personal characteristics, skills and attributes

For this programme, we are looking for students who demonstrate the following characteristics, skills and attributes:

- outstanding mathematical ability
- an ability to think independently and ask pertinent questions
- an ability to adopt creative and flexible approaches to solving problems
- intellectual curiosity
- motivation and capacity for hard work

Personal statement

In addition to demonstrating the above personal characteristics, skills and attributes, your statement should be original, interesting and well-written and should outline your enthusiasm and motivation for the programme.

You should explain whether there are any aspects of particular interest to you, how this relates to your current academic studies and what additional reading or relevant experiences you have had which have led you to apply. We are interested to hear your own thoughts or ideas on the topics you have encountered through your exploration of the subject at school or through other activities. We provide some suggestions for preliminary reading above in the preliminary reading section, but there is no set list of activities we look for; instead we look for students who have made the most of the opportunities available to them to deepen their knowledge and understanding of their intended programme of study.

You can also mention extra-curricular activities such as sport, the arts or volunteering or any work experience you have undertaken. However, the main focus of an undergraduate degree at LSE is the in-depth academic study of a subject and we expect the majority of your personal statement to be spent discussing your academic interests.

Please also see our general guidance about writing personal statements.

Fees and funding

Every undergraduate student is charged a fee for each year of 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

UK/EU* students:

The 2021 tuition fee for new UK/EU students has not yet been set. As a guide the 2020 fee for UK and EU students* is £9,250 per year. The UK/EU undergraduate fee may rise in line with inflation in subsequent years.

*Please note that the EU tuition fee level for 2021 entry cannot be confirmed until later in 2020.

Overseas students:

The 2021 tuition fee for international students has not yet been set. As a guide the 2020 fee for international students* is £21,570 per year. Once announced, the overseas tuition fee will remain at the same amount for each subsequent year of your full time study regardless of the length of your programme. This information applies to new overseas undergraduate entrants starting their studies from 2020 onwards.

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.

Scholarships, bursaries and loans

The School recognises that the cost of living in London may be higher than in your home town or country. LSE provides generous financial support, in the form of bursaries and scholarships to UK, EU and overseas students. 

In addition, UK Government support, in the form of loans, is available to UK and some EU students. Some overseas governments also offer funding.

Further information on tuition fees, cost of living, loans and scholarships.

Information for international students

LSE is an international community, with over 140 nationalities represented amongst its student body in 2019. We celebrate this diversity through everything we do. 

If you are applying to LSE from outside of the UK then take a look at our Information for International students.

1) Take a note of the UK qualifications we require for your programme of interest (found in the ‘Entry requirements’ section of this page.

2) Go to the International Students section of our website.

3) Select your country.

4) Select ‘Undergraduate entry requirements’ and scroll until you arrive at the information about your local/national qualification. Compare the stated UK entry requirements listed on this page with the local/national entry requirement listed on your country specific page.

Programme structure and courses

The degree involves studying courses to the value of 12 units over three years, plus LSE100. Please note that the format of the LSE100 course is under review. 

The BSc Actuarial Science, BSc Mathematics, Statistics, and Business and BSc Financial Mathematics and Statistics programmes have similar first year courses, and under some conditions you are able to move between these degrees in your second year, if you would like to.

First year

In your first year, you will take compulsory courses in mathematics, statistics and microeconomics. You'll choose one and a half optional modules. In addition, you will take LSE100, which is taught in the Lent term only. Please note that the format of the LSE100 course is under review.

(* denotes a half-unit course)

Elementary Statistical Theory
This is a theoretical statistics course which is appropriate whether or not your A level Mathematics course included statistics. It forms the basis for later statistics options. 

Mathematical Methods
An introductory-level "how to do it" course designed to prepare you for using mathematics seriously in the social sciences, or any other context.

Microeconomics I*
This course provides a foundation to help students understand key microeconomic questions using a variety of approaches including quantitative methods.

Course to the value of 1.5 units from the following:

Introduction to Abstract Mathematics
Introduces you to rigorous mathematical thinking and is strongly recommended for first-year students.

Mathematical Proof and Analysis*

Programming for Data Science*

Macroeconomics I*
This course provides a foundation to help students understand key macroeconomic questions using a variety of approaches including quantitative methods.

Finance*

Elements of Financial Accounting*
Introduces you to the preparation, uses and limitations of accounting convention.

Elements of Management Accounting, Financial Management and Financial Institutions*
An introduction to managerial accounting and financial management, including the role of accounting information in the management and control of organisational activities, costing and budgeting, and financial evaluation of decisions in the shorter and longer terms.

LSE100
Beginning in the Lent term of the first year and running through the Michaelmas term of the second year, LSE100 is compulsory for all LSE undergraduate students, and introduces you to the fundamental elements of thinking like a social scientist. Please note that the LSE100 course is under review.

Second year

In your second year you will take a course in Further Mathematical Methods and two applied statistics courses. You will also take another course in statistics or mathematics and will continue to take LSE100 in the Michaelmas Term only. Please note that the format of the LSE100 course is under review. You will choose your fourth course from an approved list, including subjects in economics, finance, accounting, mathematics or an outside option, approved by the Department. 

Further Mathematical Methods
Covers the mathematics needed for statistics and actuarial courses.

Either
Probability, Distribution Theory and Inference
The course covers the probability, distribution theory and statistical inference needed for third year courses in statistics and econometrics.
And
Applied Regression* 
Covers tabulation, graphical representation, regression, detection of outliers, model diagnostics, and analysis of variance.
And
One half unit from a list of options
Or
Probability and Distribution Theory*
Covers the probability and distribution theory needed for third year courses in statistics and econometrics.
And
Applied Regression* 
Covers tabulation, graphical representation, regression, detection of outliers, model diagnostics, and analysis of variance.
And
One unit from a list of options

Either
One option in mathematics
Or
One option in statistics

Either
Courses to the value of one unit from options in economics, finance, accounting, management
Or
One outside option with approval

LSE100
Beginning in the Lent term of the first year and running through the Michaelmas term of the second year, LSE100 is compulsory for all LSE undergraduate students, and introduces you to the fundamental elements of thinking like a social scientist. Please note that the LSE100 course is under review.

Third year

You have a wide range of choices in the third year, meaning you can tailor your studies to your interests and career aspirations. You choose from advanced topics in stastistics, mathematics, accounting, economics and finance.

Courses to the value of four units from a range of options in statistics, mathematics, accounting, economics and finance

For the most up-to-date list of optional courses please visit the relevant School Calendar page.  

Where regulations permit, you may also be able to take a language, literature or linguistics option as part of your degree. Information can be found on the Language Centre webpages.

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 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 undergraduate course and programme information page.

Teaching and assessment

Teaching

Format and contact hours: You will usually attend a mixture of lectures and related classes, seminars or workshops totalling between 10 and 15 hours per week. Hours vary according to courses and you can view indicative details in the Calendar within the Teaching section of each course guide. In addition to formal contact hours, you should expect to spend a minimum of 25-30 hours per week undertaking independent study, meaning you will spend a minimum of 40 hours per week in total dedicated towards your studies.

LSE teaching: Lectures are delivered by academic staff, while classes are delivered by PhD students, academic staff members, and part-time teaching staff. You can view indicative details for the teacher responsible for each course in the relevant course guide.

Academic support:

Academic mentor: Your academic mentor will be available to offer general guidance and assistance with both academic and personal concerns, and you will be expected to meet them every term.

The Mathematics and Statistics Support Centre: The centre provides additional help with first year quantitative courses. You can also join the student-run Maths and Stats Society and Actuarial Society for programme-related activities and for getting to know your classmates better.

Other 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 teaching: 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.

Your timetable

  • The standard teaching day runs from 09:00-18:00; Monday to Friday. Teaching for undergraduate students will not usually be scheduled after 12:00 on Wednesdays to allow for sports, volunteering and other extra-curricular events. 
  • The lecture and seminar timetable is published in mid-August and the full academic timetable (lectures/seminars and undergraduate classes) is published by mid-September and is accessible via the LSE Timetables webpages.
  • Undergraduate student personal timetables are published in LSE for You (LFY). For personal timetables to appear, students must be registered at LSE, have successfully signed up for courses in LFY and ensured that their course selection does not contain unauthorised clashes. Every effort is made to minimise changes after publication, once personal timetables have been published any changes are notified via email.

Assessment

Formative unassessed coursework: 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. Feedback on coursework is an essential part of the teaching and learning experience at the School. Class teachers must mark formative coursework and return it with feedback to you normally within two weeks of submission (when the work is submitted on time).

Summative assessment (assessment that counts towards your final course mark and degree award): Summative assesment for most courses is by a three-hour examination in June. A small number of courses are assessed by project work. The class of degree you will attain is based on the assessment over all three years, with the emphasis on marks gained in the second and third years. You will also receive feedback on any summative coursework you are required to submit as part of the assessment for individual courses (except on the final version of submitted dissertations). You will normally receive this feedback before the examination period. 

Please note that assessment on individual courses can change year to year. An indication of the current formative coursework and summative assessment for each course can be found in the relevant course guide.

Find out more about LSE’s teaching and assessment methods

Student support and resources

We’re here to help and support you throughout your time at LSE, whether you need help with your academic studies, support with your welfare and wellbeing or simply to develop on a personal and professional level.

Whatever your query, big or small there are a range of people you can speak to and who will be happy to help.

Academic mentors – an academic member of staff who you will meet with at least once a term and help with any academic, administrative or personal questions you have. (See Teaching and assessment)

Academic support librarians – they will be able to help you navigate the library and maximise its resources during your studies.

Accommodation service  - they can offer advice on living in halls and offer guidance on private accommodation related queries.

Class teachers and seminar leaders – they will be able to assist with queries relating to a specific course you are taking.

Disability and Wellbeing Service – the staff are experts in long term health conditions, sensory impairments, mental health and specific learning difficulties. They offer confidential and free services such as student counselling, a peer support scheme, arranging exam adjustments and run groups and workshops.

IT help– they support available 24 hours a day to assist with all of your technology queries.

LSE Faith centre – a place for worship, prayer and quiet reflection. It includes Islamic prayer rooms and a quiet cave for individual meditation. It is also a space for wellbeing classes on campus and a centre for transformational leadership programmes promoting interreligious understanding across the diverse student body.

Language Centre– the centre specialises in offering language courses targeted to the needs of students and practitioners in the social sciences. We offer pre-course English for Academic Purposes programmes; English language support during your studies; modern foreign language courses in 10 languages; proofreading, translation and document authentication and language learning support. lse.ac.uk/language

LSE Careers ­- with the help of LSE Careers, you can make the most of the opportunities that London has to offer. Whatever your future career plans, LSE Careers will work with you, connecting you to opportunities and experiences from internships and volunteering to networking events and employer and alumni insights.

LSE Library - Founded in 1896, the British Library of Political and Economic Science is the major international library of the social sciences. It stays open late, has lots of excellent resources and it’s a great place to study. As an LSE student, you’ll have access to a number of other academic libraries in Greater London and nationwide.

LSE LIFE – this is where you should goto develop skills you’ll use as a student and beyond. The centre runs talks and workshops on skills you’ll find useful in the classroom, offer one-to-one sessions with study advisers who can help you with reading, making notes, writing, research and exam revision, and provide drop-in sessions for academic and personal support.(See ‘Teaching and assessment).

LSE Students’ Union (LSESU) – they offer academic, personal and financial advice and funding.

Nursery it offers places for 63 children (aged three months to five years) which are discounted for children of students and staff.

Sardinia House Dental Practice - offers discounted private dental services to LSE students.

St Philips Medical Centre - based in Pethwick-Lawrence House the centre provides NHS Primary Care services to registered patients.

Student Services Centre – our staff here can answer general queries and can point you in the direction of other LSE services.

Student advocates and advisers– we have a School Senior Advocate for Students and an Adviser to Women Students who can help with academic and pastoral matters.

Student life

As a student at LSE you’ll be based at our central London campus. Find out what our campus and London have to offer you on academic, social and career perspective.

Student societies and activities

Your time at LSE is not just about studying, there are plenty of ways to get involved in extracurricular activities. From joining one of over 200 societies, or starting your own society, to volunteering for a local charity, or attending a public lecture by a world-leading figure, there is a lot to choose from.

The campus 

LSE is based on one campus in the centre of London. Despite the busy feel of the surrounding area, many of the streets around campus are pedestrianised, meaning the campus feels like a real community.

Life in London

London is an exciting, vibrant and colourful city. It's also an academic city, with more than 400,000 university students. Whatever your interests or appetite you will find something to suit your palate and pocket in this truly international capital. Make the most of career opportunities and social activities, theatre, museums, music and more.

Want to find out more? Read why we think London is a fantastic student city, find out about key sights, places and experiences for new Londoners. Don't fear, London doesn't have to be super expensive: hear about London on a budget.

Student stories

Stephen Almond

BSc Mathematics, Statistics, and Business
Chorley, UK

Stephen-Almond170x230

This degree gives you wide scope for tailoring the programme to your interests, allowing you to find your strengths and specialise in the fields which particularly interest you. For me, this has allowed me to focus on statistics, but I have also had the opportunity to study demography, economics and finance - all disciplines relevant to my field.

Leyla Nor-Binti-Mukhlis

BSc Mathematics, Statistics, and Business
Malaysia

Watch the video about Leyla's LSE experience

Preliminary reading

The following documentary gives an insight into the exciting world of statistics:

The Joy of Stats: gapminder.org/videos/the-joy-of-stats

For an introduction to mathematics as it is applied in economics and finance, we recommend:

M Anthony and N Biggs Mathematics for Economics and Finance (Cambridge University Press, 1996)

Much of university level mathematics and statistics is concerned with formal proofs and  rigorous mathematical argument and this is  necessary for some of the advanced mathematics required in finance, economics and other fields of application. For an introduction, we recommend: 

R Allenby Numbers and Proofs (Butterworth- Heinemann, 1997)

P Eccles An Introduction to Mathematical Reasoning (Cambridge University Press, 1997)

T Gowers Mathematics: a very short introduction  (Oxford University Press, 2002)

D Hand Statistics: a very short introduction  (Oxford University Press, 2008)

M Liebeck A Concise Introduction to Pure Mathematics (Chapman & Hall/CRC Mathematics, 2005)

 

Careers

Quick Careers Facts for the Department of Statistics

Median salary of our UG students six months after graduating: £30,000

Top 5 sectors our students work in:

  • Investment banking
  • Auditing
  • Retail and commercial banking
  • Accounting
  • Insurance and brokerage

The data was collected through an annual Destinations of Leavers from Higher Education (DLHE) survey, aggregated over five years (2011-2016). The survey was completed by graduates approximately six months after their graduation ceremony. The median salary is calculated for those whose main activity is working full-time and includes those working outside the UK.

Graduates from this programme will be able to go on to work in broad areas of industry, including banking, insurance, business consultancy, data analytics, accounting, statistics, civil service and graduate studies

Further information on graduate destinations for this programme

Sonia Gadhia

BSc Mathematics, Statistics, and Business
Leicester, UK

Sonia-Gadhia170x230

The programme has given me a sound education in actuarial and financial studies, as well as in mathematics, statistic and information technology. I particularly enjoy the statistical application to the social sciences and the interdisciplinary approach provided by a number of module options.

LSE has played a huge part in making me aware of the career opportunities available to me. In my second year I interned with RBS Financial Markets and received a place on their graduate programme for when I complete my undergraduate studies.

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.

Accreditations

  • Accredited by the Chartered Institute of Management Accountants (CIMA) for the purpose of exemption from some professional examinations through the Accredited degree accelerated route.
  • Accredited by the Royal Statistical Society (RSS) for the purpose of eligibility for Graduate Statistician status.

Please find further information on accreditation and exemptions on our Undergraduate programme accreditation and exemptions webpage.

Find out more about LSE

Discover more about being an LSE student - meet us in a city near you, visit our campus or experience LSE from home.

Experience LSE from home 

Webinars, videos, student blogs and student video diaries will help you gain an insight into what it's like to study at LSE for those that aren't able to make it to our campus. Experience LSE from home.

Visit LSE

Come on a guided campus tour, attend an undergraduate open day, drop into our office or go on a self-guided tour. Find out about opportunities to visit LSE.

LSE visits you 

Student Marketing and Recruitment travels throughout the UK and around the world to meet with prospective students. We visit schools, attend education fairs and also hold Destination LSE events: pre-departure events for offer holders. Find details on LSE's upcoming visits.

UNISTATS data

Every undergraduate programme of more than one year duration will have UNISTATS data. The data allows you to compare information about individual programmes at different higher education institutions.

Please note that programmes offered by different institutions with similar names can vary quite significantly. We recommend researching the programmes you are interested in and taking into account the programme structure, teaching and assessment methods, and support services available.

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