LONDON SCHOOL OF ECONOMICS

London School of Economics

The London School of Economics & Political Science (LSE) is a public research university. Established in 1894, the university is a constituent college of the federal University of London. Located in Westminster, Central London, near the boundary between Covent Garden & Holborn, The London School of Economics & Political Science is one of the top-ranking business schools in the UK and one of the few to have the triple crown accreditation – AACSB, EQUIS, AMBA. The motto of London School of Economics is – Rerum cognoscere causas, translating into ‘To know the cause of things'.

LSE is the United Kingdom's only institution dedicated completely to the study and research of social sciences. LSE offers a variety of academic degrees, including bachelors, masters, and doctoral degrees. Over 140 MSc programs, 5 MPA programs, an LLM program, 30 BSc programs, an LLB, 4 BA programs (including International History and Geography), and 35 Ph.D. programs in anthropology, criminology, social psychology, sociology, social policy, and international relations are available at the school. Additionally, courses are offered at more than thirty research centers and nineteen departments, as well as a Language Centre. LSE now offers the TRIUM Executive MBA in collaboration with NYU Stern and HEC Paris. The Financial Times named this as the third-best executive MBA program in the world in 2016.

Columbia University in New York City, the University of California in Berkeley, Peking University in Beijing, the National University of Singapore, the University of Cape Town, and Sciences Po in Paris are among LSE's academic collaborators in teaching and research. They offer a variety of double or joint degree programs, such as an MA in International History with Columbia University, and an MSc in International Affairs with Peking University, with graduates gaining degrees from both schools. The school also provides combined degrees with several other universities, including Fudan University in Shanghai, USC in Los Angeles, and a Global Studies program that is provided in collaboration with a consortium of four European universities, including Leipzig, Vienna, Roskilde, and Wroclaw.

The LSE Events office is well-known for its schedule of public talks, which are open to students, alumni, and the public in general. Speakers include leading scholars and commentators, as well as significant national and international officials like ambassadors, CEOs, Members of Parliament, and heads of state. Recent prominent speakers have included Kofi Annan, Ben Bernanke, Tony Blair, Gordon Brown, David Cameron, Noam Chomsky, Bill Clinton, Philip Craven, Niall Ferguson, Vicente Fox, and many more.

History:

Four prominent Fabian Society members–Beatrice & Sidney Webb, George Bernard Shaw & Graham Wallas, in 1894, decided to use 20000 Euros to open a specialist higher education institution, leading to the incorporation of London School of Economics. It is one of the world's foremost social science research institutes. LSE is a pioneer in the field of sociology and international relations, offering bachelors, masters, and doctorate degree programs. It oversees several research centers in economics, human rights, diplomacy, finance, health, and social services, as well as regional centers in Africa, Latin America and the Caribbean, the Middle East, and Southeast Asia. The first batch of 200 students, started in October 1895. And today student strength has increased to around 11000 students.

The founders were Sidney and Beatrice Webb, the former trustee of Henry Hunt Hutchinson's testament, which directed that the remainder of his assets be spent on socially beneficial projects. George Bernard Shaw was also instrumental in the establishment of the school, which in 1900 became a University of London college. Even though Hutchinson, the Webbs, Shaw, and the other co-founders were all committed Fabians, the Webbs created the framework that the school would provide information and interpretation without orthodoxy. As a result, one of its faculty members, the influential conservative Friedrich von Hayek, has received Nobel Prizes in Economics. Foreign students have traditionally been a substantial part of LSE's student body; in the 2010s, more than two-thirds of the school's students were international.

Although the LSE is a constituent college of the federal University of London, the LSE is still in many ways a free-standing, self-governing & independently funded institution. The university also started awarding degrees in its own name in 2008, as before that, the degrees were awarded in the name of the University of London.

Summer School at the LSE

Each July and August, the LSE Summer School provides approximately 70 three-week courses in accounting, finance, economics, English language, international relations, government, law, and management. It is one of Europe's largest and most well-established University Summer Schools. With the LSE-PKU Summer School in Beijing, the LSE-UCT July School in Cape Town, and the Executive Summer School at its London campus, the school has expanded its summer schools internationally as well as into executive education.

It also started a Methods Summer Program in 2011. Every year, nearly 5,000 people from over 130 countries, as well as experts from major global organizations, attend the Methods Summer Program. The Summer School provides a comprehensive social schedule, including guest lectures and receptions, and participants are housed in LSE halls of residence or their foreign residential halls.

Administration & Operations:

The principal governance bodies of the London School of Economics are – The LSE council, the court of Governors, the director, the academic board & the director’s management team.

The LSE Council: The council is responsible for strategy. It has specific responsibilities like

  • Monitoring of institutional performance
  • Finance & financial sustainability
  • Audit arrangements
  • Estate strategy
  • Human resource & employment policy
  • Health & safety
  • Student experience

The Court of Governors: this body deals with constitutional matters. The court has several powers that include:

  • The appointment of members of the court
  • The appointment of court’s subordinates
  • The election of the chair & vice-chairs of the court & council
  • The election of the honorary fellows of the school
  • The amendment of the memorandum & articles of association
  • The appointment of the external auditors

The Academic Board: It is the LSE’s principal academic body that considers all the major issues of general policies, which can have a direct impact on the academic life at the school & its development. The board is chaired by the director and is supported by its own structure of committees. The vice-chair of this board serves as a non-director member of the council.

The Director: Director is the head of LSE and its Chief Executive Officer. He is responsible for executive management and leadership on academic matters. The director is accountable for the Higher Education Funding Council for England Financial Memorandum. The Director is supported by other members including, a deputy director and provost. These are responsible for overseeing the heads of each academic department. Furthermore, there are three pro-directors, each with designated portfolios, and a school secretary who acts as a company secretary.

Highlights of LSE:

Some of the highlights of the London School of Economics are:

University Type Public
% of International Students 88%
Year of Establishment 1894
Annual Endowment 51 Million Pound
Graduate Job Rate 94%
Acceptance Rate at LSE 25%
Application Accepted Online
Intake Type Rolling
Mode of Program Full time, Part time & Online
Website https://info.lse.ac.uk

The Courses & Programs at London School of Economics:

The LSE offers several courses through its departments of Economics, Accounting, Methodology, Sociology & others. The university also offers specialized courses with subjects like statistics, philosophy, law, geography, environment & mathematics.

Ranking of the London School of Economics:

The LSE is one of the prestigious universities in the world and has been awarded with several laurels & rankings. Some of them include:

Ranking Ranked By
#7 QS Global MBA Rankings, 2021
#4 in the World University Rankings Financial Times
#1 for Two-year MBA program Forbes, 2020
#7 among the Business School Financial Times European Business, 2020
#4 for Executive Education Programs Financial Times 2020

Alumni at the LSE:

Several prominent personalities in the field of law, history, economics, philosophy, psychology, business, literature, media, and politics have graduated from LSE. There are 53 former or current heads of state or government among the alumni and staff, as well as 20 members of the current British House of Commons. As of 2017, LSE alumni, current staff, or previous staff had been awarded or jointly awarded 26 percent of all Nobel Prizes in Economics, accounting for 16 percent of all laureates.

Three Nobel Peace Prizes and two Nobel Prizes in Literature have also been awarded to LSE graduates and personnel. According to a 2014 global census of US dollar billionaires, LSE has educated the most billionaires of all European colleges. The LSE maintains a long list of alumni, which is spread across the world. The university has a global network of more than 150,000 alumni from 200 countries. Some of the notable alumni names at LSE are:

  • Komo Kenyatta – President of Kenya
  • Pierre Trudeau – Prime Minister of Canada
  • Amartya Sen – Economist & Nobel Laureate
  • Karl Popper – Reader in Logic Method
  • Tony Fernandes – Executive Officer at AirAsia
  • George Soros – Billionaire
  • Christiana Figueres – Executive Secretary of the United Nations Framework Convention on Climate Change (2010–2016) and leader of the Paris Agreement negotiations
  • Tsai Ing-wen – President of the Republic of China (2016–present)
  • Tony Fernandes – Chief Executive Officer of the low-cost carrier, AirAsia
  • Carlo Cottarelli – former director of the International Monetary Fund
  • Fadli Zon – Indonesian politician and the current deputy speaker of the Indonesian People’s Representative Council

Admissions and Acceptance Rates at The London School of Economics

LSE’s admission process can be challenging. All undergraduate applications, including international applications, must be submitted through UCAS. In 2015-16, LSE has the 4th highest average undergraduate entry qualification of any UK university, with new students averaging 537 UCAS points, barely below A*A*A*A in A-level grades.

LSE has an acceptance rate of almost 37%. For master's degrees, students must have a first or upper second-class UK honours degree or its international equivalent, whilst direct admittance to the MPhil/Ph.D. the program requires the UK taught master's with merit or its foreign equivalent. Admissions in the postgraduate programs is more difficult than the undergraduate programs. In 2016, the MSc Financial Mathematics had a ratio of just over 4%.

How to Get Admission into London School of Economics?

London School of Economics is one of the most reputed business schools in the UK. It accepts online applications through its official portal. It is advised to check the deadlines for the courses & programs as they vary.

Application Portal: London Business School Admission Portal (https://interact.london.edu/)

Application Fee: the application fee at the LSE varies with the programs. However, the fee of the majority of courses is as follows:

  • Masters program – 95 GBP
  • MBA – 200 GBP
  • Executive MBA – 180 GBP

Standardized Test– GMAT

Documents Required:

  • Complete online application form
  • Payment of non-refundable application fee
  • Essays
  • Two letters of recommendation
  • Transcripts from each university attended
  • School report cards
  • Statement of purpose
  • Certified English translation of certificates
  • GMAT score
  • English language proficiency test score
  • Photocopy of Valid Passport
  • Valid Visa
  • Passport Size photographs
  • CV, Portfolio or Resume

Tuition Fees at the London School of Economics

The tuition fees at the London School of Economics include the school’s registration and examination fees, lectures, classes, and individual supervision, lectures provided at other colleges under intercollegiate arrangements, and participation in the Students' Union under present arrangements. It does not cover living expenses, travel expenses, or fieldwork expenses.

Classification of fee status

The school evaluates your fee status upon receipt of your UCAS form, estimating the amount you are likely to pay during registration. The Department of Education offered rules for this decision: Education (Fees and Awards) Regulations 2007.

More information-

1. Students from the United Kingdom and the European Union

September 2021 intake

The tuition price for new UK and EU students commencing in 2021 at the London School of Economics is £9,250. In addition, the fee may increase in line with inflation over the course of your studies.

In July 2018, the UK government announced that the fee level for EU undergraduate new entrants in 2021 will be the same as in the Home UK throughout the duration of their undergraduate degree.

2. Students from the Channel Islands

September 2021 intake

For new undergraduates typically resident in the Channel Islands, the LSE tuition cost for the first year is £9,250, however, it may grow in step with inflation in subsequent years.

3. International students

September 2021 intake

For new foreign (non-EU) undergraduates starting in 2021, the LSE tuition cost is £19,920 for the first year. This cost must be paid in installments or in whole at the start of each year for international students. Each year, the foreign charge typically increases by 2.5 percent to 4%.

4. Discounted Fees Policy

Students who have finished their undergraduate studies at LSE and are starting their taught graduate studies at the school are eligible for a 10% fee reduction. This fee decrease may not apply to other programs, such as executive programs.

Scholarship Options at LSE:

Several scholarship options are available for both national & international students. These scholarships are offered by schools, the government of the UK, charity organizations, NGOs, and other global corporations.

All the applicants that are interested in university scholarships must apply to the program first. If they are admitted, then they become eligible to apply for the scholarships.

Some of the common scholarships available for study in the UK are:

  • Maha Al Mansoori Scholarship
  • The London Business School EMBA (Dubai)
  • Graduating Class Gift 2016
  • Prodigy Finance
  • London Business School Entrepreneurship Scholarship
  • Forte Foundation Scholarship
  • SARI Foundation Trust Scholarship
  • The Service & Society Scholarship

Accommodation at the University

On-Campus- Available

  • Rooms with or without en suite, shared rooms, and flats at great prices.
  • Internet access is provided, as is content insurance.
  • Contracts can be signed for 31, 40, or 50 weeks, with catered and self-catered options available.
  • Description of living expenditures- Butler's Wharf Residence is self-catered and costs 117.95 pounds per week for 50 weeks.

Off-Campus- Available

  • The typical monthly rent is between 500 and 700 pounds.
  • Studio apartments, three-bedroom apartments, four-bedroom apartments, and communal apartments are among the residential types.
  • All basic amenities like electricity, central heating, and unrestricted internet access are included in the fee for the student homes. There is also a laundry facility on site.

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