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LSE Business, Mathematics and Statistics

Hey guys,

Just a bit of background info: I've applied for straight economics mostly, but I applied to two different courses at the LSE:

Business, Mathematics and Statistics (have offer)
Maths and Economics (still waiting)

I have an offer for the Business, Mathematics and Statistics course, and I'm just wondering if that is a great degree which should get you in to Investment Banking.

Would the Maths and Economics degree be better or worse in terms of getting into IB and general career prospects wise?

And for my final question - would you consider Warwick's L100 course to be better than both of these anyway?

Thanks, please give your opinions/advice,

Tom

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Department of Economics > Department of Mathematics > Department of Statistics

Decide accordingly.
I've also applied to this course (haven't heard back yet, when did you send off your application and when did you recieve an offer?) and I'm confident the degree will be good enough however I may be wrong, I would have started this thread if I got the offer too :biggrin:

Out of

LSE B,M&E
Warwick M&S
Imperial M&S for finance
UCL M&S

I currently have the following order in terms of course reputation..

Imperial and LSE at the same sort of level, then Warwick, then UCL. Is this about right?
I'd venture UCL might have a slight edge on Warwick, based on location alone.
I'd pick UCL over Warwick for location, even if Warwick might be a bit better academically. At UCL, you are just better placed to take advantage of the networking and being able to work with the banks in your ECs, which makes a big difference.
Ahh right I thought this previously, just that recently people were saying UCL isn't that good for maths so I was unsure.
Reply 6
Rosicky88
Hey guys,

Just a bit of background info: I've applied for straight economics mostly, but I applied to two different courses at the LSE:

Business, Mathematics and Statistics (have offer)
Maths and Economics (still waiting)

I have an offer for the Business, Mathematics and Statistics course, and I'm just wondering if that is a great degree which should get you in to Investment Banking.

Would the Maths and Economics degree be better or worse in terms of getting into IB and general career prospects wise?

And for my final question - would you consider Warwick's L100 course to be better than both of these anyway?

Thanks, please give your opinions/advice,

Tom



Maths & Econ over BMS.

But,

If you compare the two, most students come to do an M&E degree, but end up graduating with a BMS one.

Ill just give you a heads up now, alot of people switch to BMS (from Maths&Econ or Act Sci) 'cos they've done badly or have failed their first year on the course. I know countless people. Only the brightest stay on to get a 2.1, or 1st.

But switching is not a bad thing tbh. Last year there were ****loads of BMS students who bagged internships.

But saying that, you dont even need a quant degree from LSE to get into IB. Students of all different academic backgrounds get in. The Econ, maths, stats, finance students make up most of the population so invariably they are the ones most represented in the city. LSE is indeed a factory for the Investment Banking industry.
slick_rick
Maths & Econ over BMS.

But,

If you compare the two, most students come to do an M&E degree, but end up graduating with a BMS one.

Ill just give you a heads up now, alot of people switch to BMS (from Maths&Econ or Act Sci) 'cos they've done badly or have failed their first year on the course. I know countless people. Only the brightest stay on to get a 2.1, or 1st.

But switching is not a bad thing tbh. Last year there were ****loads of BMS students who bagged internships.

But saying that, you dont even need a quant degree from LSE to get into IB. Students of all different academic backgrounds get in. The Econ, maths, stats, finance students make up most of the population so invariably they are the ones most represented in the city. LSE is indeed a factory for the Investment Banking industry.


That last bit is very true. I don't know many econ/math/statistics students, but I do have friends in IR, Government, Social Policy, and Economic History that have gotten IB and consulting job offers this year.

OP just pick the course you like more and will do best in. At the end of the day, a 2:1 from LSE is what you need the most, not the title of the course.
Reply 8
shady lane

OP just pick the course you like more and will do best in.


I agree, if you don't want to get into the more quantitative side of the industry that is.
FurbyMaX
I agree, if you don't want to get into the more quantitative side of the industry that is.


And what if you do?
wawrwinka
a worrying amount of people say this. Just a quick q...If I definetly 100% sure don't want to go into investment banking and want to be surrounded by people with diverse interests and ambitions, would you recommend to go elsewhere than LSE? keeping in mind that LSE is still academically the best uni I'm applying to, so oxbridge isnt on the table..

btw my apologies to the OP, so anyone who wants to answer you can keep it short and keep focus on the OP's topic.


I'm a Government Department student and going into banking. I am one of my only friends going into it. My friends are diverse, from national and ethnic origin to career goals and interests. Some want to go into business, some law, some want to go work for NGOs, some want to be journalists, some are going into government, etc. The LSE student body is pretty left-wing and socially active, despite the rumors that it's all bankers. There are also people like me going into banking but not necessarily living and breathing finance. I have been nothing but totally impressed and amazed by my fellow students :biggrin:
I'm not sure what the choices are :biggrin: Is it between Warwick Econ and LSE B,M&S? If so then I apologise for stupidity.
wawrwinka
a worrying amount of people say this. Just a quick q...If I definetly 100% sure don't want to go into investment banking and want to be surrounded by people with diverse interests and ambitions, would you recommend to go elsewhere than LSE? keeping in mind that LSE is still academically the best uni I'm applying to, so oxbridge isnt on the table..

btw my apologies to the OP, so anyone who wants to answer you can keep it short and keep focus on the OP's topic.


Where else did you apply?
great, thats reassuring. If I'm honest with myself it was a pointless questions as I'd probably jump at the chance to go to LSE even if everyone there did want to go into IB!


Don't merely take one person's opinion. If you are 100% sure you will not be wanting to get into IB, going to a multi-faceted university might make for a better academic and social experience.



probably applying to lse warwick manchester kcl bath and nottingham

not sure I'm an oxbridge type, besides they dont offer the course that I want, and with my gcses I'd be an outsider anyway, as I may be for LSE too.


LSE are usually bigger GCSE whores than Oxbridge.

All I'm trying to say is, don't just go to the LSE because it has a ring to it. There are plenty of universities that you'd fare well at and quite possibly enjoy yourself more, if IB isn't your goal.
(In rough order of prestige: UCL, Warwick, Bristol, Durham, Nottingham, etc..)
Reply 14
tazmanmaniac
I'm not sure what the choices are :biggrin: Is it between Warwick Econ and LSE B,M&S? If so then I apologise for stupidity.


Out of the three choices, if he wants to maximise his chances of getting into a quantitative role in an IB he should go for Maths & Eco. Provided that it's more mathematical than straight econ at a top uni, it will be a good choice. Otherwise, seeing slick_rick's post, one might be induced into choosing something like BMS (although, one might argue that if one is indeed interested in the quant jobs, s/he will not be afraid of taking on maths and eco). Warwick is out of the equation, it's a good uni but LSE is better for getting into ibanking.
wawrwinka
dont worry i hadnt made up my mind from just one person. but still there's a lot of other factors - those unis you mention nottingham- i wouldnt fit in and dont particularly like nottingham. durham and warwick are in the middle of nowhere and I could never survive for three years (and you're probably thinking that I'm the one who lives in aldershot, but I only just moved here from London), bristol are absolutely no match for lse for my course, and UCL dont offer it unfortunately.

thanks for the advice but as I said, I have put a lot of thought into it, not just making my mind up from advice on an online forum. I've been to an LSE open day, went to the subject talks, really liked the feel of the place, and loved the location, and have a coupld of friends at lse who i get on with, so it is definetly first choice and i'll just have to put up with a large amount of people wanting to go into IB.

Although I ahve to say I do sometimes wish UCL offered my course...

edit: you may also be wandering why on earth I'm posting this on the IB forum if I claim to have "no interest in IB". lol So am I.


What course is it?

And Durham is only half an hour from Newcastle if you need your cities. As is Warwick with Coventy as well as Birmingham.

Also if youre worried about GCSE grades then youre probably better off with Oxbridge than LSE as you can compensate for them with high UMS at your AS levels and a decent interview.
wawrwinka
Btw, my friend who just got an offer from LSE said something quite surprising today...he said that for Economics admissions, if you get 10A* you get automatic priority over anyone with less than 10A*, regardless how bad your PS is and how good their's are. So basically if enough people with 10A* or more apply to fill all the places, no-one with less than that can get in...any thoughts on whether thats true? and it had better not be the case for my subject!


There is a lot of bias towards GCSE grades at LSE, having lots of A*'s by no means guarantees you a place. In the eco forum there have been a few with nearly all A*s who havent got a place for straight Economics so I doubt its true. Cambridge also automatically pool people with atleast 7A*s and 90% avg UMS for their 3 A level subjects I think.
Reply 17
Relatively? You mean definitively, Jan. :wink:
Reply 18
Thanks for all the advice so far, I really appreciate it. I don't really have anyone who knows anything about this subject, and although I do make my own decisions, it's always great to have another opinion.

So it seems what most of you are saying is that any of the two degrees at the LSE would be better (albeit, perhaps slightly) than Warwick's L100 course. But I just have a couple of more questions if you wouldn't mine clearing this up......

1. Out of BMS and M+E at the LSE, which is the more mathematical course? I tried looking on the websites, at their syllabii and I couldn't see much difference in terms of math content.

2. Surely the word 'Business' would be a disadvantage when applying for future any jobs/places against those who have studied Economics. I have had it drummed into me that Business is a degree not worth doing, or it's a poor man's economics etc. So would learning about 'Business' in BMS and not real Economics be a disadvantage when going for jobs in IB?

Thanks.
Reply 19
Rosicky88
Thanks for all the advice so far, I really appreciate it. I don't really have anyone who knows anything about this subject, and although I do make my own decisions, it's always great to have another opinion.

So it seems what most of you are saying is that any of the two degrees at the LSE would be better (albeit, perhaps slightly) than Warwick's L100 course. But I just have a couple of more questions if you wouldn't mine clearing this up......

1. Out of BMS and M+E at the LSE, which is the more mathematical course? I tried looking on the websites, at their syllabii and I couldn't see much difference in terms of math content.

2. Surely the word 'Business' would be a disadvantage when applying for future any jobs/places against those who have studied Economics. I have had it drummed into me that Business is a degree not worth doing, or it's a poor man's economics etc. So would learning about 'Business' in BMS and not real Economics be a disadvantage when going for jobs in IB?

Thanks.



Maths & Econ has more maths content. BMS is a more flexible course, in your final year you dont even have to do a maths module! But if you want to do maths, you can. BMS is a very broad degree, you can do things like law, accoutning, Operational research, etc

I have to say, your second point is just wrong. In that case M&E is also a poor man's economics as its far easier to gain a place on than Economics. If you dont want to be doing a poor mans Econonics you should have applied for Straight Econ. But the LSE BMS course is looked highly upon. If you get into LSE you will find most students do either Economics or BMS (or Law). Its a big course and people get into IB, Big 4, Actuarial work, further study, etc..