MSc Development Management 

at London School of Economics, London

LSE is home to one of the top economics departments in the world, with expertise across the full spectrum of mainstream economics. The MSc Economics programme at LSE is highly regarded for individuals pursuing advanced academic studies or seeking prestigious careers in economics-related areas. Its challenging curriculum, respected faculty, and extensive alumni network enhance its worth as an educational investment. The programme has a strong mathematical focus. Graduates from the MSc Economics programme have secured positions in prestigious organizations such as Goldman Sachs, JP Morgan, the IMF, and the World Bank. Approximately one third of students proceed to PhD programmes at LSE or other leading universities. The college has nine Nobel Prize winners among our current and former staff and students. 

Work experience is not a strict requirement for an MSc in Economics at the London School of Economics and Political Science. The admissions committee primarily focuses on academic qualifications, including your undergraduate degree, grades, and standardized test scores like the GRE. So having work experience can be beneficial but it is not a prerequisite.

Yes, it’s a good choice to study MSc Economics in the UK at LSE because of its level of teaching and placements. International students need to take GRE/ GMAT exam to get into the programme successfully. The London School of Economics average package for an MSc in Economics is INR 42.3 L. The top 5 sectors where LSE MSc Economics graduates work in:

• Financial and Professional Services
• Education, Teaching, and Research
• Consultancy
• International Organisations
• Accounting and Auditing

Applications for MSc Economics at London School of Economics and Political Science is accepted on a rolling basis. This means that applications will close once the programme is full. There is no fixed deadline. However, if students want be considered for any financial funding opprtunities they need to submit their application and all supporting documents by the funding deadline. 

The LSE MSc Economics placements for 2020 were good as 58% of graduates get full-time employment. The average salary recorded is GBP 44,169 and the median salary is GBP 43,000. The popular employers that hire MSc graduates are Goldman Sachs, EY, Deloitte, Compass Lexecon, etc. Check below the job roles in which ISE MSc graduates work:

• Analyst
• Analyst Consultant
• Associate Consultant
• Consultant
• Data and Quality Analyst
• Economic

Yes, it is hard to get into the London School of Economics and Political Science as the university is very competitive with an acceptance rate of merely 9%. This figure tells us that only 9 out of every 100 applicants manage to get enrolled in the university, which is less than 10% of all the applicants. However, students must not get discouraged and fulfill all the LSE London entry requirements, i.e.; academic qualifications, standardized test scores, English language requirements, as well as relevant documents, to boost their chances of securing an admission in the university. Also, students must apply to London University LSE within the deadlines in order to get enrolled as a student.

Below are the requirements that are required by an Indian students while applying for LSE: 

Applicants should have a minimum age of 18 or above by Dec 31, 2024.

• Applicants must demonstrate competence in Mathematics at least to UK
• Applicants must meet our ELP requirements.
• Prospective students must have a strong SOP
• Students must pay an LSE application fee of GBP 27 (UCAS).
• prospective students must have a personal statement
• Students must submit English Language requirements:

Postgraduate requirements

• International students must hold undergraduate programs from a recognised university.
• LSE application fee for PG students is around GBP 95K ( INR 9.8K)
• Students must have a minimum GPA of 2.1 or a 3.6 GPA before applying to LSE.

• Applicants must submit a CV, providing details about their work experience
• Students must submit 2 LORs, which include professional or academic references.
• Students must submit UG transcripts before going to LSE.

London School of Economics in the UK and IIMs in India are popularly known for their Business and Management courses. According to the QS World University Rankings 2024, LSE  has claimed the spot #45, whereas various IIMs are ranked in the range 48-78. These include IIM-B (#48), IIM-A (#53) and IIM-C (#78) . On the basis of world rankings, LSE has an upper hand.

Mentioned below is the comparison between LSE and top IIMs in India on the basis of some key parameters that can help you choose:

LSE is Ranked at 45 in 2024 by QS, which means it is ranked among the top universities in the UK. It was also ranked among the top 37 in the world by THE (Times Higher Education) University Ranking in 2023. The university has been positioned well since 2021. Because of the high ranking in the world as well as in the country, London School of Economics and Political Science is good for international students to study in the UK. However, applicants shouldn’t just check with ranking  of the universities rather should focus on meeting each university specific criteria rather than just relying on the acceptance rate. 

Oxford and LSE are renowned institutions offering unique campus cultures and various academic programs. While they share a great reputation, there are subtle differences between the two universities. The below table compares the rankings, fees and acceptance rate of Oxford and LSE. Overall this information could be useful for students who are considering them.

Here is the comparison highlighting the differences between the Universities:

(The comparison of fees was between the BTech course for UG and the MBA course for PG)