Managers in industry, business, government and defence are often confronted with difficult decisions and need a rational basis on which to make them. The management sciences are a range of methods used to assist managers through applying scientific and quantitative approaches to the management of organisations, often involving the construction of computable models of the key features in decision-making.
Recent graduates have gone on to work in the areas of operational research, management consultancy and services and operational support for financial institutions, particularly investment banks. Our graduates also go on to take postgraduate degrees in accounting, economics, information systems, management, as well as operational research and decision sciences.
The degree consists of an analytic core and a wide range of options offered by LSE departments.
Each course on the degree is taught by experts from a wide range of LSE's different disciplines.
The degree is the only undergraduate degree based in the Operational Research Group.
While the degree principally teaches quantitative analysis of management decision making, you will also study the economic and social context of management, giving you a solid foundation for a career in business.
Home UK/EU £3,375 for the first year. Non-UK/EU £14,592 for the first year.Start date October 2015 Credits (ECTS) 180 ECTS
(* half unit)
You take four compulsory courses. Quantitative Methods is an introductory 'how to do it' course designed to prepare you for using mathematics seriously in the social sciences, or in any other context. Elements of Accounting and Finance will introduce you to the preparation, uses and limitations of accounting information and the problems of finance and investment. Information Technology and Society explores concepts and themes concerning the role of computer-based information systems in society. Your final course is an economics unit which will depend on your prior knowledge of the subject.
You take four compulsory courses. Operational Research Methods is an introduction to all the main theoretical techniques of operational research. Statistics for Management Sciences emphasises the application of statistical techniques which have proved useful in the management sciences. Two further compulsory courses are: Model Building in Operational Research, a course concerned with analysing management problems by the development of computer based models; Decision Sciences in Theory and Practice, a widely used approach to evaluating alternative organisational strategies.
You also choose four options from a variety of quantitative and non-quantitative courses, depending on your particular interests and strengths.
(* half unit)
Some courses cannot be chosen simultaneously with others and some of the Management Science options are available as half units as well as full units.
third year course
Universities in the United Kingdom use a centralized system of undergraduate application: University and College Admissions Service (UCAS). It is used by both domestic and international students. Students have to register on the UCAS website before applying to the university. They will find all the necessary information about the application process on this website. Some graduate courses also require registration on this website, but in most cases students have to apply directly to the university. Some universities also accept undergraduate application through Common App (the information about it could be found on universities' websites).
Both undergraduate and graduate students may receive three types of responses from the university. The first one, “unconditional offer” means that you already reached all requirements and may be admitted to the university. The second one, “conditional offer” makes your admission possible if you fulfill some criteria – for example, have good grades on final exams. The third one, “unsuccessful application” means that you, unfortunately, could not be admitted to the university of you choice.
All universities require personal statement, which should include the reasons to study in the UK and the information about personal and professional goals of the student and a transcript, which includes grades received in high school or in the previous university.
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 totake an IELTS test. More About IELTS
Course requirement: At GCSE level a high proportion of A and A* results are preferred, especially in Mathematics, English and a foreign language. Generally traditional subjects should be offered. At A level or the equivalent, traditional subjects are preferred although one non-traditional subject may be acceptable. In choosing mathematics topics as many as possible should be 'pure'. If all A level subjects offered are scientific, an AS should be offered in an arts subject.
Usual standard offer: A level: grades B B B to A B B, one of which must be MathematicsInternational Baccalaureate: Diploma with 37 points including 6 6 6 at Higher level (to include Mathematics)Other qualifications are considered.
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:
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
No work experience is required.
"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."
Bursary for UK students all subjects where the variable tuition fee rate is payable.
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.
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.
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.
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.
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:
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.
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:
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.
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).
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.
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.
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.
Four Stelios scholarships, currently worth £5,444 per year, are available for UK students applying for business subjects at LSE.
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.
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 offers a number of undergraduate scholarships of varying amounts each year to EU students.
Six Stelios scholarships, currently worth £5,444 per year, are available for EU students applying for business subjects at LSE.
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.
The School offers a limited number of undergraduate scholarships of varying amounts each year for overseas students.