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This programme is based in the Operational Research Group within the Department of Management and offers the following benefits:
* A course of study which covers the developing set of procedures and methods for applying analysis to strategic problems and issues in organisations.
* Teaching which takes students up to the frontiers of research in decision sciences.
* Preparation for employment in management consultancies, major companies and organisations in the public and voluntary sectors.
* An opportunity to learn about theory in action by engaging in an organisation based project.
The programme is aimed at students with solid quantitative and qualitative backgrounds from natural and social science disciplines. We encourage you to apply if you are a first rate student with the intellectual curiosity for understanding decisions, the passion for improving them and the determination to apply and practice the skills developed in the programme to your life and the lives of others.
What makes this programme unique is the blend between theory, quantitative modelling and practice. You will gain a psychological understanding of how individuals and groups make decisions on their own, and you will develop the technical skills for improving these decisions, by means of appropriate facilitation, structuring, technology and proper analytical modelling. You will be exposed to the whole range of problems faced by organisations in social settings, from those dominated by risk and uncertainty to ones dominated by conflicting objectives, as well as decisions of allocating resources effectively across different categories of expenditure.
In addition to core courses in decision science, you have the opportunity to choose from a good selection of qualitative and quantitative courses offered at the LSE.
Compulsory courses
(* half unit)
* Applied Decision Sciences
* Computer Modelling: Applied Statistics and Simulation*
* Principles of Decision Sciences*
* Either Applied Management Science or Dissertation: MSc Management Science
Options
Choose one from:
* Global Strategy, Management and Information Systems*
* Techniques of Operational Research*
* Advanced Behavioural Decision Making*
* Advanced Topics in Operational Research*
* System Dynamics Modelling*
* Operational Research and Decision Sciences in Practice*
* Operations Management*
* Organisational Behaviour*
* Organisational Change*
* Game Theory I*
* The Analysis of Strategy A*
Towards the end of the course you can choose either to experience the practical world of operational research or decision sciences through a three month summer project where you apply theory to tackle a real problem in an organisation, presented as a written 'management report', or to undertake a dissertation on a research subject of your choice.
Note that not all options are available every year.
Additional specialist topics may also be available.
You can take other master's level options taught at the School with permission.
Fee reductions and rewards
LSE undergraduates starting taught postgraduate study at the School are eligible for a fee reduction in the region of ten per cent of the fee. These reductions are available for UK, EU and non-EU students. The School offers a range of rewards for early payment of fees for all self-financed students.
Scholarships for study at LSE
LSE makes available over £12 million annually in financial support for its students via a range of scholarships, bursaries and award schemes, details of which can be found on these pages. LSE's world class programmes attract a consistently high calibre of applicants, many of whom seek financial support from the School, so there is always much competition for our awards. Securing the necessary funds to attend LSE can be a difficult and time consuming process so you should start to think about it as early as possible. Please be aware that the School will be unable to offer you any financial assistance if you knowingly register under funded. The relevant link on the left will take you to the awards available for your chosen level of study.
The School would like to thank the many donors who have contributed to the New Futures Fund, which provides funds for a number of discretionary scholarships.
Diploma, LLM, MA, MSc and MSc (Research) programmes
There are a range of awards available for study at this level. Approximately 19% of taught masters offer holders are successful in obtaining some form of financial support from the School. The value of support ranges in value from 10% of the tuition fee to a full fees and maintenance award.
Graduate Support Scheme
LSE's major financial support scheme for study at taught masters level is the Graduate Support Scheme (GSS). This scheme is open to all applicants, with the exception of those undertaking specific modular or executive programmes such as the MSc in Finance (Part time) or the MSc in Health Economics, Policy and Management. Around £2 million is available annually in the form of awards from the Graduate Support Scheme. The Scheme is designed to help students who do not have sufficient funds to meet all their costs of study. GSS awards range in value from £3,000 to a maximum of £10,000, and have an average value of £6,000. Application to the Graduate Support Scheme is via the LSE Graduate Financial Support Application form. This form will be made available to you once you have submitted an application for admission to the School. The form will then be available until 27 April 2011.
Awards
If you complete the LSE Graduate Financial Support Application form, and are made an offer of admission by 27 April 2011, you will also be automatically considered for any other awards being offered by LSE, for which you are eligible, with the exception of Arts and Humanities Research Council (AHRC) and Economic and Social Research Council (ESRC) funding where there are separate, department led processes in place. AHRC and ESRC funding is relevant to Home UK and Home EU applicants only, and there are also subject restrictions in place. We offer a range of awards based on different criteria such as a specific programme of study, nationality, or country of permanent domicile. In addition, a number of external organisations offer funding to support postgraduate study. We recommend that applicants follow up as many avenues as possible to find funding. Please be aware that if you accept funding from an external source, it is your responsibility to check the terms of the award. Some awards are accompanied by specific terms and conditions which you should be sure you able to meet before accepting the award. Information about other Awards offered by LSE or external organisations. Please take some time to look at all the other awards available to support your study at LSE. The details of these awards are updated each October, but new LSE awards may become available during the course of the admissions cycle. We will only write to successful applicants for these awards. Selection for these awards will take place between May and July 2011 and all successful applicants will be notified by 31 July 2011.
