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Management – (M.Sc.)

Application Deadline: None - rolling admissions
Annual Tuition Fee: ≈ € 23,186 -
Location: London / United Kingdom / View location on map ▾ Hide location on map ▴
Duration: 24 months Start Date: September
Educational Form:
  • Taught
Education Variants:
  • Fulltime
Credits (ECTS): 180
Languages: English 
-0.116744,51.513775

Location of London School of Economics and Political Science

The programme is located in the Department of Management and utilises teaching from many different departments around the School. From 2008, the Department will be located in the New Academic Building which will provide students with state of the art facilities.

The purpose of the two-year MSc in Management is to provide students with the academic background, the analytical tools and the intellectual frameworks to study the questions raised in academic literature on management across the range of relevant academic fields, as well as an understanding of the broader political, social and economic environment in which contemporary firms operate. The study of underlying disciplines introduces students to knowledge about, and relevant to, management from a social science perspective. The programme has been designed with potential employers in mind, offering graduates good employment opportunities in business and consultancy.

Methods and finance courses will provide rigorous training in analytical skills that are relevant to practice across many organisational settings in business. Students will also take courses that develop their understanding of economic and political institutions, and therefore of the environment in which contemporary managers must operate.

The degree is intended for students coming directly or recently from undergraduate programmes but not ones in management because it presumes no prior knowledge in the field. The two years are therefore required to get students to a master's level in Management. It is designed to be highly flexible, allowing students either to specialise in one or two management functions such as accounting and finance, operational research or human resource management, taking their specialism to a fairly high research level, or to learn about contemporary research across a variety of management fields. If you wish to specialise in a single area or function of management, or if you have previous work or educational experience in management, the specialist degrees offered by individual Groups within the Department would be more appropriate to your needs than this programme.

Features of the programme include:

* Multidisciplinary background: Students in their first year will take compulsory courses in managerial economics and organisational behaviour.
* Methodology: Students will take compulsory courses in quantitative and qualitative methods. The former will be streamed according to student background from foundation to advanced levels.
* Integrative courses in management in both years, which will teach from first principles the elements of management that we regard as essential for all students to understand in order to graduate with a management degree from LSE.
* LSE experience: One quarter of the entire degree is devoted to courses from non-management departments to deepen students' understanding of the world economy, globalisation and international economic and political environment. Students will have the opportunity either to take a broad approach, choosing different non-management specialisations in each year, or to delve deeply into a subject, taking a core course in a particular field such as international relations in their first year, and then choosing from a variety of further options that build on that knowledge in the second. This would in effect give them the educational equivalent of one half of a non-management degree at LSE.
* Functions and disciplines: Students will be able to choose four half units from an extensive list of courses drawn from the Management Department groups, as well as Accounting and Finance. In addition, they will write a half unit dissertation associated with one of these courses to strengthen their learning in depth. As with the LSE experience, the list of options is designed to allow students either to specialise, choosing up to four of their five half units (including the dissertation) from a single management field such as OR, strategy and IS, or obtaining a wide spread of managerial skills.
* Internship: Students will work in firms as part of their degree during their first year.


Contents

The degree has a coherent intellectual core around two compulsory management courses, one in each year. In the first year, this core course will concentrate upon a small number of major intellectual developments in management, to establish how the gamut of management fields evolved from the application of frameworks and concepts in different disciplines to particular management problems. In the second year, students will be exposed to contemporary research into the factors that determine company behaviour - strategy, organisation and innovation.

We will accept students of the highest intellectual quality from a broad spectrum of academic backgrounds that might include natural sciences, engineering or humanities. Students graduating from the programme will have a broad and critical understanding of the various elements of modern management theory and methods. The course is designed to lead students to management jobs in major industrial and financial companies as well as consultancies, allowing them to enter at a higher level and on a faster track than undergraduate recruits.

CEMS route

CEMS is a consortium of 17 European Management Schools of which LSE is the UK representative. In addition to completion of academic studies on the MSc, CEMS students must also participate in further compulsory components in order to obtain the CEMS MIM degree. These include the ability to demonstrate competence in three languages, a one week minimum blocked seminar prior to the start of the MSc, skills seminars, a significant professional internship and the business seminar. It is a prerequisite that selected students will have studied management/business related subjects - this requirement will be covered by the first year of study on the two year MSc Management.

Students wishing to follow this route should apply during their first year of study and will spend the first term of their second year at the partner institution.

Year 1

Compulsory courses (* half unit)

* Managerial Economics*
* Organisational Behaviour*
* Foundations of Management
* Quantitative Analysis in Management* †
* Qualitative Analysis in Management*

† Students who have already taken statistics at university level covering quantitative analysis can choose a half unit course from:

* Techniques of Operational Research*
* Quantitative Analysis II: the Generalised Linear Model*
* Quantitative Analysis III: Applied Multivariate Analysis*

Options Choose to the value of one full unit from:

* Global Political Economy and Development I*
* Global Political Economy and Development II*
* History and Theory of European Integration*
* Globalisation, Gender and Development
* International Political Economy*
* Theories and Concepts in Media and Communications (Media and Power)*
* Theories and Concepts in Media and Communications (Processes of Mediation, Identity and Change)*
* Open Innovation*
* European Models of Capitalism*
* Patterns of Economic Integration in Europe*
* Concepts in Political Economy*
* The Political Economy of Transition and EU Accession in Eastern Europe*
* Globalisation and Democracy*
* Comparative Employment Relations and Human Resource Management*
* International Political Economy of the Environment
* Economic Diplomacy*
* Politics of Money in the World Economy*
* Comparative Political Economy*
* The Future of the Multinational Firm*
* Finance I*
* An outside option (with approval)

Students will have the opportunity to undertake an internship of around ten weeks, normally during the summer vacation in their first year.

Year 2

Compulsory courses

* Cross Cultural Management* (CEMS only)
* Strategy, Organisation and Innovation*
* Dissertation*

Options

Choose a total of two full units (CEMS 1.5) from the following:

* Accounting, Strategy and Control*
* Accountability, Organisations and Risk Management*
* Management of Human Resources: Strategies and Policies*
* Financial Reporting and Management: Management Accounting, Strategy and Control*
* Financial Reporting and Management: Financial Reporting*
* International Marketing: A Strategic Approach*
* The Future of the Multinational Firm*
* Thinking Strategically*
* Finance I*
* Advanced Behavioural Decision Making*
* Operations Management*
* Innovating Organisational Information Technology*
* Strategy for the Information Economy*
* Finance II* (Finance I is a prerequisite for this course)
* International and Comparative Human Resource Management*
* Negotiation Analysis*
* Incentives and Governance in Organisations*
* Design and Management of Organisations*
* Public Management: a Strategic Approach*
* Techniques of Operational Research*
* Systems Dynamics Modelling*
* Principles of Decision Sciences*
* Innovation and Technology Management*
* Entrepreneurial Strategy*
* International Business and Governance*
* Personal Economics*
* The Dark Side of the Organisation*
* Organisational Theory*
* Corporate Social Responsibility and International Labour Standards*
* Reward Systems: Key Models and Practices*
* Leadership in Organisations: Theory and Practice*
* Firms, Markets and Crises*
* Business Model Innovation at the 'Base of the Pyramid'*
* An outside option (with approval)
* Optional courses from Year 1

Please be aware that due to excessive demand popular courses may be capped, and some option combinations are likely to clash

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Requirements

Minimum entry requirement:

* 1st or good upper 2nd class bachelor's degree or equivalent in any subject

English requirement:

* TOEFL (Test of English as a Foreign Language) with a minimum score of 627 in the paper test or 107 in the internet based test
* IELTS (International English Language Testing System) with a minimum score of 7.0

Additional Requirements

Minimal degree required: Bachelor's degree
Minimal amount of work experience Not specified

Language Proficiency

IELTS Band: 7.0
Cambridge English: Advanced (CAE): Grade A (Score: 80)
TOEFL Paper-based: 627
TOEFL Internet-based: 107

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