The Finance (full-time) programme from London School of Economics and Political Science is one of the world’s leading generalist finance master’s degrees, ideal for those whose career objectives lie broadly within the financial services sector.
Each year LSE offers generous scholarships to its graduate students. There are also funding opportunities from external organisations, research councils and governments around the world.
Every graduate student is charged a fee for their programme.
Fees cover registration, teaching, first entry to examinations, the use of the Library and membership of the Students’ Union. They also normally cover teaching and the use of student common rooms at other colleges of the University of London, if your programme has intercollegiate arrangements. If you receive an offer, you will be informed of the relevant tuition fee amount in your offer letter.
Tuition fee amounts
Tuition fee amounts are listed on the individual programme pages. You can also refer to the table of fees.
In some cases the amount of tuition fees you will need to pay, and any financial support you are eligible for, will depend on whether you are classified as a home or overseas student, otherwise known as your fee status.
LSE assesses your fee status based on guidelines provided by the Department of Education.
Students who completed undergraduate study at LSE and are beginning taught graduate study at the School are eligible for a fee reduction of 10 per cent of the fee. Some programmes, such as executive programmes, are excluded from this fee reduction.
We estimate that you should allow about £1,100-£1,300 per month for all living expenses, including accommodation, travel, food, laundry, study costs, and other personal expenses. This will vary depending on your lifestyle and requirements, so it’s important you do your own research.
Please note that if you will be applying for a visa, you will have to provide evidence of sufficient funds, and these amounts may vary.
Funding from LSE for taught master’s and diploma programmes
LSE offers generous scholarships each year to its graduate students from the UK, the EU and outside the EU.
Approximately 19 per cent of taught master’s offer holders are successful in obtaining some form of financial support from the School.
The value of support ranges in value from 10 per cent of the tuition fee to a full fees and maintenance award.
Although the terms of the UK’s exit agreement from the EU have not yet been finalised LSE will continue to make funding available to all students regardless of fee status.
Please note these pages are being updated for 2021 entry and then as and when new scholarships are confirmed.
We offer a range of needs-based awards for diploma study and taught master’s programmes. This includes:
- LSE Access to Education Graduate Scholarships (asylum seekers, refugees or people with humanitarian protection)
- Anniversary Scholarships (UK students)
- Graduate Support Scheme (all UK, EU and overseas students and Dual Degree programmes at LSE year)
- Master’s awards (UK, EU and overseas students)
- Awards for Home UK/EU students
Country based and programme related awards for MSc or PhD study
The School also makes available scholarships for students from specific regions of the world and awards for students studying specific programmes or subject areas.
How to apply
For 2021 entry, LSE will be offering over 80 studentships to new PhD students in the form of LSE PhD Studentships, LSE ESRC Studentships and LAHP AHRC Studentships.
These awards are open to high calibre students of all nationalities studying across all research areas at the School but, in particular, we are seeking to support applications from
- UK students
- Women whose research will be within the field of Economics, Finance, Accounting, Management, Maths, Statistics and Methodology
- Black, Minority, Ethnic (BME) students, especially from Black African/Caribbean, Pakistani and Bangladeshi heritage
LSE PhD Studentships
LSE PhD Studentships are tenable for four years and cover full fees and an annual stipend of £18,000. They are available for UK, EU and international students undertaking research in any LSE discipline, with annual renewal subject to satisfactory academic performance.
These awards will be made solely on the basis of outstanding academic merit and research potential. This relates both to your past academic record and to an assessment of your likely aptitude to complete a PhD in your chosen topic in the time allocated.
Studentships are tenable for four years and cover full fees and an annual stipend, which is £18,000 for students starting in 2021.
LSE has an Economic and Social Research Council (ESRC) Doctoral Training Partnership (DTP) and has ESRC studentships in a number of programmes across 19 departments. These studentships are available for students of all nationalities.
Studentships are tenable for three or four years, depending on the programme of study. They cover full fees (for international students, LSE will cover the difference between UK and overseas fees) and an annual stipend, which for 2020 entry was £17,285.
Individual programme entries detail which programme are eligible for ESRC funding.
LSE is part of LAHP (London Arts and Humanities Partnership), which is funded by the Arts and Humanities Research Council. Students of all nationalities can apply for one of these studentships.
Studentships are tenable for three years and they cover full fees (for international students, LSE will cover the difference between UK and overseas fees) and an annual stipend, which for 2020 entry was £17,285. LSE will also cover full fees and stipend for an additional fourth year.
LSE Departments that typically host AHRC studentships are International History, Media and Communications, Philosophy and Law, but students from other disciplines (for example, Anthropology, Gender Studies and International Development), can also apply if their research falls within the remit of AHRC, as explained here.
How to apply
Except for LAHP studentships (see below), academic departments nominate students for the funding opportunity they may be eligible for. There is no separate application for LSE, ESRC and department-specific studentships. To be considered for this funding, you must submit your complete application for admission to LSE by a specific date. This date differs by academic department.
- deadline for being considered for LSE PhD Studentships and ESRC funding for 2021 entry if you apply to a programme in the Departments of Economics, Geography and Environment and Mathematics: 17 December 2020
- deadline for being considered for ESRC funding for 2021 entry: 14 January 2021
- deadline for being considered for LSE PhD Studentships for 2021 entry: this can either be 14 January 2021 and/or 29 April 2021 depending on the programme you are applying to. Details can be found on the individual programme page.
To be considered for a LAHP studentship for 2021 entry, students need to have applied for their chosen programme of studies. They will also need to submit a separate funding application to LAHP by 5pm on 5 February 2021.
UK Government loans
Postgraduate master’s loanPostgraduate Master’s Loans Explained – a video by Student Finance EnglandPostgraduate Master’s Loans Explained – a video by Student Finance England
A postgraduate master’s loan of up to £11,222 from the UK government is available for new students studying a first master’s programme, to help with fees and living costs.
Postgraduate doctoral loan
Postgraduate Doctoral Loan explained – a video by Student Finance England
Postgraduate Doctoral Loan explained – a video by Student Finance England
A postgraduate doctoral loan of up to £26,445 from the UK government is available for new students studying a doctoral degree programme, to help with fees and living costs.
Disabled Student’s Allowance
A Disabled Student’s Allowance (DSA) for UK students is expected to be available to help with costs incurred during a programme as a result of a disability.
Loan schemes from other countries
Loan schemes to help fund graduate study at LSE are also available from some other countries.
Student loan information.
Please note that the Financial Support Office does not process these and is unable to offer any advice or information regarding them.
External Private Loans
LSE has agreements with three loan providers who offer various packages dependent on your nationality, chosen programme of study, financial status and future earnings. The Lenders are Lendwise, Future Finance and Prodigy.
Other external funding opportunities
External organisations offering funding are listed on the country pages for taught master’s study and research study. Please contact these organisations rather than LSE for further information.
Looking for additional funding? Postgrad Solutions are offering 15 bursaries across a number of subject areas.
|About this course
• One of the most sought after degrees at LSE, the program attracts some of the very best students from leading institutions from around the world
• Offers a unique opportunity to gain a comprehensive foundation and subsequent depth in the field
• Students attend a three week pre-sessional course, comprising essential material, a range of career skills, and practitioner and alumni events
• Gain an in-depth grounding with core courses in corporate finance and financial markets, before tailoring the degree to your goals with a range of elective modules
• Excellent job prospects and opportunities as it has a very high employment rate
• Benefit from close interaction with LSE’s Financial Markets Group, which attracts leading international finance researchers to present at its many academic research seminars and practitioner conferences.
Fees & Expenses
|Tuition & fees
Other expenses in 1st year
|Hostel & Meals
Calculated at the exchange rate of 1 Pound = INR 101.15|
|Entry requirements for this course
|No specific cutoff mentioned
|60.0%Applicants must have an upper second class honours (2:1) degree or equivalent in any discipline and good quantitative skillsApplicants are also required to have studied a minimum of A level Mathematics (or its equivalent).
|IELTS : 7With 6.5 in Reading and Listening and 6.0 in Speaking and WritingGMAT : AcceptedStrongly preferredGRE : AcceptedPTE : 65With 58 in Reading and Listening and 51 in Speaking and Writing
|Submit two academic references (from tutors who have taught students at university)Upload a scanned transcript for each qualification. (The transcript or mark sheet must include a list of subjects studied and the grades obtained to date)Upload a statement of academic purpose:The statement should be typed and no longer than two sides of A4 paperThere is no fixed word limit, but expected this to be no longer than 1,000 – 1,500 wordsUpload a CV/resume, including the employment history or other professional experience, including internshipsGMAT is recommended for applicants with UK undergraduate degrees, especially those whose quantitative skills are not demonstrated by their undergraduate studies, or those who did not achieve or are not expected to achieve a first-class degreeWork experience (either through internships or full employment) is not a pre-requisite; however, applicants who have some professional experience should include this in their application, as it may strengthen their application.ELP should be waived off if the applicants have a degree taught in English