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 university doesn’t offer undergraduate degrees, as it aims at providing the best master’s & research business programs to the deserving candidates.

The motto of the university is – Rerum cognoscere causas, translating into “To know the cause of things”.

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 the LSE. The first batch, comprised of 200 students, started in October 1895. And today student strength has increased to around 11000 students.

Although the LSE is a constituent college of the federal University of London, the LSE is still in many ways free-standing, self-governing & independently funded. 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.

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

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

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

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:

The LSE maintains a long list of alumni, which is spread all across the world. The university has a global network of more than 150,000 alumni from 200 countries. LSE boasts of 18 Nobel Prize winners and several world leaders. 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

The London Business School participates in students exchange programs, giving an opportunity to several students to understand the academic structure of other universities.

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