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Graduate (Taught)
Application code:N3UB
Department of Finance

MSc Finance and Private Equity

The MSc in Finance and Private Equity is ideal for those seeking a generalist finance master’s with an integrated specialisation in private equity.

Overview

Introduction

This unique programme 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 mandatory course in private equity. You'll 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'll benefit from regular practitioner-led teaching. You'll have the opportunity to gain deeper practical insight and links to the City, and to meet and network with the MSc Finance (part-time) students throughout the year.

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

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.

  • 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).

  • GRE/GMAT

GMAT or GRE is required for all applicants without a UK undergraduate degree (GMAT strongly preferred). See more information below under "Additional tests".

  • 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.

Please select your country from the dropdown list below to find out the entry requirements that apply to you.

Overseas

Competition for places at LSE is strong. So, even if you meet the minimum entry requirements, this does not guarantee you an offer of a place.

However, please don’t feel deterred from applying – we want to hear from all suitably qualified students. Think carefully about how you can put together the strongest possible application to help you stand out from other students.

Programme content

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. In the second term, you deepen your specific knowledge of private equity by taking a dedicated course taught by the Programme Director of MSc Finance and Private Equity. 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 four-week pre-sessional programme starting in early September. The essential pre-sessional course consists of preparatory academic classes, the Finance Accelerator, and social events.

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

The pre-sessional also involves a number of career skills sessions to best prepare students for the competitive financial services sector job market – read more about these under the “Graduate Destinations” section.

Year 1

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 you from fundamental concepts to up-to-date applications in fixed-income, equity and derivatives markets.

In the second term, you'll deepen your specific knowledge of private equity by taking a mandatory course in private equity, in which you'll complete a 6,000-word structured project.

Additionally, during the second term you'll 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.

MSc comparison: an overview of all the master’s programmes

Why study with us

Discover more about our department below and read our student stories and our alumni stories.

Meet the department

The Department of Finance is one of the largest and most highly respected finance groups in the UK and Europe.

With a longstanding reputation for excellence in both teaching and research, we offer various undergraduate, postgraduate and executive programmes.

Our research and teaching span the full range of financial sub-fields, including:

  • corporate finance
  • asset pricing theory
  • risk management
  • empirical analysis of capital markets
  • behavioural finance
  • portfolio analysis
  • derivatives pricing
  • microstructure
  • financial econometrics.

We're also closely associated with two leading research groups at LSE – the Financial Markets Group and Systemic Risk Centre, which host seminars, conferences and public lectures by renowned academics and practitioners.

Our research is regularly published in leading academic journals globally. Faculty members work closely with national and international institutions, such as the Bank of England and the World Bank, informing policy at the highest levels.

The department was ranked the top place to study finance in the Good University Guide 2024.

Learn more about our programmes and research.

Your application

Overview

We welcome applications from all suitably qualified prospective students. At LSE, we want to recruit students with the best academic merit, potential and motivation, irrespective of background.

We carefully consider each application and take into account all the information included on your application form, including your:

  • academic achievement
  • additional test scores
  • two academic references
  • CV
  • academic statement of purpose.

See further information on supporting documents

Important information

The MSc Finance (full-time) and the MSc Finance and Private Equity are identical programmes with the exception that the course FM410 Private Equity is mandatory for MSc Finance and Private Equity students, whereas it is optional for MSc Finance students.

Therefore, you should not select one of these programmes as your first-choice and the other as your second-choice programme. 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.

Contact us

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

701
Applications
45
Intake
16:1
2023 Ratio

Fees and funding

The table of fees shows the latest tuition fees for all programmes.

You're charged a fee for your programme. At LSE, your tuition 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 doesn't cover living costs or travel or fieldwork.

Home

£48,500

Home student fee (2025/26)

For this programme, all students pay the same tuition fees, regardless of their fee status.

Deposit

To secure a place on the programme offer holders will be required to pay a non-refundable deposit of 10% of the tuition fee.

For offers issued before May, the deposit will be due within 28 days of receiving the offer.

For offers issued from May onwards, the deadlines are as follows:

  • May: within 21 days
  • June: within 14 days
  • July and August: within 7 days

Learning and assessment

How you learn

Graduate destinations

Overview

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.

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 employers of 2023:

  • JP Morgan
  • Morgan Stanley
  • UBS
  • Santander Corporate & Investment Banking
  • Citi
  • BCG
  • CICC.

Top employment locations:

  • London
  • Shanghai
  • Frankfurt
  • Hong Kong
  • Bangkok.

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.

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