London School of Economics and Political Science logo
  • Tuition Fee:
  • Local: n/a
  • Foreign: n/a
  • Languages of instruction:
  • English
  • Deadline:
  • 15 January 2016

    January 15

    Photos of university / #londonschoolofeconomics


    If you have enjoyed A level Mathematics and are interested in the applications of statistics to the social sciences, business and finance, you should consider one of the three programmes offered in this area.

    BSc Business Mathematics and Statistics allows a much broader choice of courses applying statistics to the social sciences, as well as a choice of specialisation in social science fields such as economics, finance, demographics, information science or sociology. Recent graduates have gone on to work in the areas of insurance, banking, accounting, statistics, civil service, postgraduate studies and business consultancy.

    Detailed Course Facts

    Application deadline January 15 Tuition fee Not specified Start date October 2015 Duration full-time 36 months Languages Take an IELTS test
    • English
    Delivery mode On Campus Educational variant Full-time

    Course Content

    First year:

    • Elementary Statistical Theory
    • Mathematical Methods
    • Economics A or Economics B (Economics A must be approved by the Departmental Tutor)
    • Elements of Accounting and Finance or Introduction to Abstract Mathematics
    • LSE100 (Lent Term only)

    Second year:

    • Further Mathematical Methods (Linear Algebra and Calculus)
    • One statistics option
    • Another option in mathematics, statistics or operational research
    • One option from a list of subjects in economics, information technology, finance, social psychology or a language course
    • LSE100 (Michaelmas Term only)

    Third year:

    • At least one option in advanced topics in statistics or actuarial science
    • At least one option in advanced topics in mathematics or operational research
    • Not more than two options from advanced topics in management, economics, accountancy, finance, social psychology, law and demography

    First year

    You follow a largely common first year programme with both BSc Actuarial Science and BSc Statistics with Finance. Elementary Statistical Theory is concerned with both theory and application and is appropriate whether or not your A level Mathematics course included statistics. It forms the basis for later statistics options. Mathematical Methods will continue your A level studies and includes calculus and linear algebra. Economics B provides an introduction to microeconomics and macroeconomics. Finally, you can choose between the courses Elements of Accounting and Finance and Abstract Mathematics. Elements of Accounting and Finance will give you an introduction to the preparation, uses and limitations of accounting information and the problems of finance and investment. Introduction to Abstract Mathematics is for students who want to deepen their mathematical skills and is useful for certain mathematics courses in the second and third year.

    Second year

    You take a course in Further Mathematical Methods, building on the Mathematical Methods course. You take one course in applied statistics, which allows you to develop concepts in the areas of sample surveys and experiments, as well as regression and analysis of variance.

    You will also take another course in statistics, mathematics, or operational research.

    Your fourth course is chosen from a list including:

    • Microeconomic Principles
    • Macroeconomic Principles
    • Information Technology and Society
    • Principles of Finance
    • A demography course
    • You may also choose to take a language course.

    Third year

    Your choice in the third year is very wide. You should take at least two of the courses on offer in statistics, mathematics and closely related areas, and at least one of these two should be in statistics.

    (* half unit)

    Statistics options include:

    • Time Series and Forecasting*
    • Regression and Generalised Linear Models*
    • Stochastic Processes*
    • Stochastic and Actuarial Methods in Finance*
    • Market Research: An Integrated Approach
    • Aspects of Market Research*
    • Bayesian Inference*

    Mathematics options include:

    • Optimisation Theory*
    • Real Analysis*
    • Differential Equations*
    • Discrete Mathematics*
    • Game Theory
    • Chaos in Dynamical Systems*
    • Mathematics of Finance and Valuation*
    • Probability for Finance and Economics*
    • Theory of Algorithms*
    • Algebra and its Applications*

    Other related options include:

    • Model Building in Operational Research
    • Actuarial Mathematics: Life
    • Actuarial Mathematics: General*
    • Decision Analysis

    You may take up to two outside options from a list including:

    • Managerial Accounting
    • Organisational Theory and Behaviour
    • Commercial Law
    • Information Technology and the Law
    • Industrial Economics
    • Monetary Economics
    • Demographic Description and Analysis
    • A language course

    Note that your choice may be limited by the second year subjects you have taken. Due to timetabling constraints, it may not be possible to choose certain course combinations.

    UK requirements for international applications

    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.

    University requirements

    Program requirements

    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

    take an IELTS test. More About IELTS


    Course requirement: GCSE pass at grade A or A* in Mathematics

    Usual standard offer: A level: grades A A A including Mathematics. Further Mathematics or a science is recommendedInternational Baccalaureate: Diploma with 38 points including 7 6 6 at Higher level (with 7 in Mathematics)

    Other 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.


    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.


    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

    Student Awards Agency Scotland

    Student Finance Northern Ireland

    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 (, or UKCISA (

    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.

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