Management

Description

Effective management is based on understanding how organisations and markets work. We focus on helping you achieve this understanding through the analysis of key disciplines like economics, finance, statistics, law, psychology and sociology rather than by teaching you specific techniques.

Our recent graduates have gone on to work in a great variety of areas, including management consultancy, banking, accountancy and general management. Many others have gone on to study at postgraduate level.

Features of LSE courses

This degree provides an intellectually demanding, broad preparation for management, drawing upon the wide range of social science disciplines taught at LSE, including economics, psychology, and sociology. It progresses from foundational social science courses through subjects that apply social science to the analysis of managerial issues and finally to subjects in functional disciplines of management. It provides opportunities to sample courses offered in a multitude of LSE departments, including International Relations, Social Policy, the Operational Research and Employment Relations and Organisational Behaviour Groups.

Across the degree, subjects require students to display skill in both formal reasoning and quantitative analysis, characteristic of economics, and conceptual and practical reasoning, characteristic of other social sciences. Some examinations are based on formal problems, while others are essay based. Applicants are selected, in part, for their aptitude across this spectrum of intellectual styles, and the degree structure is geared to building on this base. For instance, you will take courses enabling you to develop knowledge of essential mathematical techniques such as calculus.

Detailed Course Facts

• English

Course Content

First year:

(* half unit)

• Economics B
• Quantitative Methods (Mathematics)* and Quantitative Methods (Statistics)*
• Introduction to Psychology and Behavioural Science for Management
• One outside option or Elements of Accounting and Finance
• LSE100 (Lent Term only)

Second year:

• Management: Theory and Evidence
• Economics for Management
• Social Science Research Methods for Management
• Elements of Accounting and Finance or one course chosen from the following subject groups: accounting, finance, economics, economic history, management science and courses: the International Context of Management, Public Policy and Legal Context of Management, Human Aspects of Organisations and Management
• LSE100 (Michaelmas Term only)

Third year:

(* half unit)

• The International Context of Management* and Strategy*
• International Marketing: A Strategic Approach
• Two options chosen from the following subject groups: accounting, finance, economics, economic history and management science. The international context of management, public policy and legal context of management, human aspects of organisations and management

First year

The first year provides a foundation for subjects taken in the second and third years. You take Psychology and Behavioural Science and compulsory courses in economics and quantitative methods. You choose your fourth course from a wide range of options offered by other departments.

Second and third years

There are six compulsory courses, three in the second and three in the third year (two of which are half unit courses).

In the second year Management: Theory and Evidence covers organisational decision making behaviour, social science perspectives on firms and their environments, and theories of management functions, such as production, innovation, and strategy development. Social Science Research Methods for Management provides a basis for critical assessment of management research and Economics for Management is an intermediate microeconomics course tailored to the degree course.

In the third year The International Context of Management deals with the functioning of the international system. Strategy brings an interdisciplinary analytical framework to the analysis of strategic issues. Marketing Management: A Strategic Approach considers both consumer and business research in marketing: you will write a research proposal for a virtual client. You must also take an introductory course in accounting and finance.

You may choose your remaining options, either from the same groups or from groups covering international management, public and voluntary sector management, and human and organisational aspects of management. A list of the courses in each subject group follows.

Options

(* half unit)

Accounting and Finance

• Managerial Accounting
• Principles of Finance
• Corporate Finance, Investments and Financial Markets
• Financial Accounting, Analysis and Valuation
• Auditing, Governance and Risk Management

Economics and Economic History

• Economics for Management
• Macroeconomic Principles
• Industrial Economics
• Labour Economics
• Comparative Economic Development: Late Industrialisation in Russia, India and Japan
• Business and Economic Performance since 1945: Britain in International Context
• Innovation and Finance in the 19th and 20th Centuries

Management Science

• Further Quantitative Methods (Mathematics)* and Statistical Models and Data Analysis*
  or
• Further Quantitative Methods (Mathematics)* and Game Theory I*
• Operational Research Methods
• Model Building in Operational Research
• Decision Science in Theory and Practice
• Sample Surveys and Experiments*
• Aspects of Market Research*

The International Context of Management

• International Organisations
• Europe's Institutional Order
• The Politics of International Economic Relations
• Theories of Regional Development and Change

Public Policy and Legal Context of Management

• European Economic Policy
• Public Choice and Politics
• The Politics of Economic Policy
• Commercial Law or Law and Institutions of the European Union

Human Aspects of Organisations and Management

• Organisational Theory and Behaviour
• Human Resource Management
• Work, Management and Globalisation

third year course

English Language Requirements

IELTS band : 7 CAE score : 80(Grade A) TOEFL paper-based test score : 627 TOEFL iBT® test : 107

To study at this university, you have to speak English. We advice you to

Requirements

Course requirement: Traditional academic subjects (such as Economics, English Literature, History and the natural sciences) are preferred to subjects such as Business Studies or Accounting. AS level pass at grade A in Mathematics is required, together with the aptitude and willingness to develop further knowledge in mathematics

Usual standard offer: A level: grades A A BInternational Baccalaureate: Diploma with 37 points including 7 6 6 at Higher level. Higher level Mathematics is strongly recommended, as are other traditional academic subjects (including natural sciences and humanities). Standard level Mathematical Methods is requiredOther qualifications are considered.

English language requirements

Although it is not necessary to have the required grade in an acceptable English Language qualification when you make your application to LSE, if you are made an offer of a place and English is not your mother tongue, it is likely that you would be asked to obtain an acceptable English Language qualification as a condition of your offer.

The following qualifications are acceptable to LSE:

• GCSE English Language with a grade B or better.
• International General Certificate of Secondary Education (IGCSE) English as a First Language with a grade B or better including the Speaking and Listening coursework component (Edexcel) or grade 2 in the optional speaking test (CIE).
• International English Language Testing Service (IELTS) academic test with a score of 7.0 in all four components.
• Test of English as a Foreign Language (TOEFL) with a minimum score of 627 in the paper test including 5.5 in writing and 50 in TSE, or 107 in the internet based test with a minimum of 25 out of 30 in each of the four skills.
• Cambridge Certificate of Proficiency in English (CPE) with grade B or better.
• Cambridge Advanced Certificate of English (CACE) with a grade A.
• Cambridge English Language (1119) conducted overseas by the University of Cambridge Local Examinations Syndicate: B4 or better.
• O level (1120 Brunei, 1125 Mauritius A, 1127 Singapore) grade B or better.
• Singapore Integrated Programme (IP) Secondary 4 English Language grade B or better.
• Pearson Test of English (General) with a distinction at level 5 in both the written and the oral test.

Exceptions

If students offer the IGCSE in English as a First Language or O level (other than those specified above) and have been educated in the medium of English during their five most recent years of study (prior to 1 September 2011), then we will accept the qualification as sufficient evidence of English Language proficiency.

Please note that test scores must be achieved from one sitting of the relevant qualification. We will not accept individual component scores from multiple tests

Work Experience

No work experience is required.

Related Scholarships*

• Academic Excellence Scholarship

  "The Academic Excellence Scholarship can provide up to a 50 % reduction in tuition per semester. These scholarships will be renewed if the student maintains superior academic performance during each semester of their 3-year Bachelor programme. The scholarship will be directly applied to the student’s tuition fees."

• Access Bursary

  Bursary for UK students all subjects where the variable tuition fee rate is payable.

• Alumni Bursary

  Alumni Bursary for UK Undergraduate students

* The scholarships shown on this page are suggestions first and foremost. They could be offered by other organisations than London School of Economics and Political Science.

Funding

Financial support for 2011 entry

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

Government support

for students from England

Student loan for maintenance

The student loan for maintenance helps students pay living costs during term times and holidays. The maximum loan available for students studying in London and living away from their parents' home is currently £6,928.

Maintenance grants

The means-tested maintenance grant (currently worth up to £2,906) also helps students with living expenses during their time at university. The amount a student is eligible to receive is assessed by Student Finance England. The grant does not have to be repaid.

Special Support Grant

The special support grant replaces the maintenance grant for some students who during the course of the academic year, meet the conditions for being a 'prescribed person' under the income support or housing benefit regulations. Students who are likely to qualify include:

• Single parents
• Other student parents if they have a partner who is also a student
• Students with certain disabilities

Other students may be eligible for the Special Support Grant. You don't necessarily have to receive or even have applied for Income Support or Housing Benefit.

for students from elsewhere in the UK

Different financial support packages are available for students from Wales, Scotland and Northern Ireland. Students from these countries should refer to one of the following websites:

Student Finance Wales

www.studentfinancewales.co.uk

Student Awards Agency Scotland

www.saas.gov.uk

Student Finance Northern Ireland

www.studentfinanceni.co.uk

for EU students

Students from the EU are not usually eligible for UK Government financial support. However, EU nationals (or children of EU nationals) who have lived in the UK or islands for three years before the start of their course (ie, since 1 September 2008 for a course starting on 1 September 2011) may now qualify for a student loan and grants.

for overseas students

Students from outside the EU are not eligible to apply for UK Government funds. However, there is a range of funding available for overseas students from external agencies, bodies or your home government, details of which are available from your home government or nearest British Council office (www.britishcouncil.org/learning), or UKCISA (www.ukcisa.org.uk).

LSE financial support

for UK students

LSE Bursary

The LSE Bursary is available for students from low-income backgrounds (from England and Wales) and is worth up to £7,500 over a three-year programme. The value of the LSE Bursary is linked to students' (or their family's) income levels, which will be assessed when calculating the maintenance grant. The maximum LSE Bursary of £2,500 per year is awarded to those students with the lowest residual income. These Bursaries do not have to be repaid.

LSE Discretionary Bursary

The LSE Discretionary Bursary is available for new LSE students (from the UK and the EU) who face exceptional financial needs, including, for example, caring responsibilities, financial need related to disability or an unavoidable requirement to live at home. The value of the award may vary according to need. These Bursaries do not have to be repaid.

LSE Scholarships

Each year LSE awards a number of scholarships - funded by private or corporate donation - to UK applicants to the School. The number, value, eligibility criteria and type of awards vary from year to year. Awards are made on the basis of financial need and academic merit.

Stelios scholarships

Four Stelios scholarships, currently worth £5,444 per year, are available for UK students applying for business subjects at LSE.

Access to Learning funds

Registered UK students from low-income households can apply directly to LSE for Access to Learning funds. These funds are designed for students who may need extra financial support for their course, and are provided by the Government to assist with living expenses.

for EU students

LSE Discretionary Bursary

The LSE discretionary bursary is available to EU students. For information about this bursary and how to apply, please see the section on LSE financial support for UK students.

LSE scholarships

LSE offers a number of undergraduate scholarships of varying amounts each year to EU students.

Stelios scholarships

Six Stelios scholarships, currently worth £5,444 per year, are available for EU students applying for business subjects at LSE.

for overseas students

LSE undergraduate support scheme

The LSE undergraduate support scheme (USS) is designed to help overseas students who do not have the necessary funds to meet all their costs of study. In 2008, the School disbursed nearly £1 million in entrance awards available to self-financing students of all nationalities. This financial aid is available only for study at LSE. If you are made an offer of admission, we will advise you on how to apply to the USS online. This system is able to provide an immediate indication of an applicant's eligibility for assistance. In the first instance, you will be assessed on the basis of your financial circumstances. Awards are renewable for each year of your course. Applications will be considered between the end of February and the middle of August.

LSE scholarships

The School offers a limited number of undergraduate scholarships of varying amounts each year for overseas students.