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Economics LSE /Cambridge

hey everyone..really need advice on this one..i have offers from LSE for the 2 year MSc Economics and PGDiploma+Mphil from Cambridge...
Considering the fact that i will have to take student loans to the tune of 25000 pounds for either of the two courses, which one of the two do u think will help me repay the loan faster?
what kind of salary packages can u get after either of these economics courses?
i am an international student... so am really a little shortof information..plese help..

Reply 1

chloe2487

OP

what kind of starting pay packages can one expect in the field of economics consultancies ?what kind of starting pay packages can one expect in the field of investment banking?

Reply 2

Kitty Pimms

17

chloe2487

what kind of starting pay packages can one expect in the field of economics consultancies ?what kind of starting pay packages can one expect in the field of investment banking?

This might be better asked in the Investment Banking & Consultancy Forum. A fair number of us on the PG forum have no conception of money, having not seen any for a while. :p:

Reply 3

roxy potter

13

I don't think it matters which one of those courses you take. I don't think either will put you at a disadvantage compared to the other.

In terms of costs, I'd pick Cambridge because it's cheaper to live in and you'd probably have a better quality of life there.

However, (I'm assuming) that you will only get into the Cambridge MPhil if you get over 65 in the diploma(thats the norm anyhow as far as I'm aware) so that might be added pressure, at least with LSE you know you're definitely in the MSc programme.

I think there's a good bit about this on the test magic forums if you have a look.

Reply 4

loeffel

I know a few economists and the consensus seems to be that outside the US (where the really great departments are), the LSE is your best bet. Maybe it depends on what you want to do, and I agree with the previous poster that Cambridge might be cheaper and nicer, but for economics I think the LSE is the one with serious international clout. Don't get me wrong, Cambridge is of course amazing. So many congratulations for getting into both :biggrin:

Reply 5

roxy potter

13

Oh and also it depends what you want to work in, if it's very economics related and in the US then LSE, because economists in the US have a very high regard for LSE.
If however you want to appeal to Joe Soap HR person anywhere in the world then Cambridge is probably a more widely recognised name. But like I said earlier, you can go wrong with neither.

Reply 6

vioxx

7

Well its all to do with Suppy and Demand really... the best option would be Cambridge, however the oppourtunity cost of going to Cambridge would be a place at LSE (lol, thats how my Economics teacher talks. For example, I'd say:

"did you watch the Liverpool game yesterday?"

He would probably reply: "its all to do with suppy and demand"

haha)

Anyway, I have no idea.

Reply 7

whitestar

you cannot lose

Reply 8

Paulwhy

13

chloe2487

hey everyone..really need advice on this one..i have offers from LSE for the 2 year MSc Economics and PGDiploma+Mphil from Cambridge...
Considering the fact that i will have to take student loans to the tune of 25,000 pounds for either of the two courses, which one of the two do u think will help me repay the loan faster?
what kind of salary packages can u get after either of these economics courses?
i am an international student... so am really a little shortof information..plese help..

What is your background? e.g. doing the 2nd year of the undergraduate and then the 1st year postgraduate straight afterwards is a hard route to go. Believe me I know. You should ask what the conversion rate is of students from the diploma to the msc/mphil year. At Warwick it is about 25% with maybe a similar number going onto further study at other universities.

Secondly I think the cost of 2 years will be higher than £25,000 for 2 year. e.g. Warwick charges 10,000 a year for the Msc Economics.
and they estimate £10,000 a year living costs.
So that comes to nearly £40,000.
A lot of money.

Thirdly Msc Economics is a desirable qulaification in the job market but it is not a silver bullet. What is your background?
and what are your other qualifications for a finance/consultancy job?

Reply 9

keyneseffect

Speaking generally, I'd say definitely go to LSE over Cambridge, its a better faculty, better organised course and much better regarded. However if you're looking purely in terms of financial rates of returns then it depends what kind of job you are looking for after. Also, I agree you will find living in Cambridge cheaper.

Reply 10

edwinyst

roxy potter

I don't think it matters which one of those courses you take. I don't think either will put you at a disadvantage compared to the other.

In terms of costs, I'd pick Cambridge because it's cheaper to live in and you'd probably have a better quality of life there.

However, (I'm assuming) that you will only get into the Cambridge MPhil if you get over 65 in the diploma(thats the norm anyhow as far as I'm aware) so that might be added pressure, at least with LSE you know you're definitely in the MSc programme.

I think there's a good bit about this on the test magic forums if you have a look.

!!!...finally,i find my answer in thestudentroom

How do u know the prerequisite to get into the Cambridge MPhil through the diploma?

I am an international student, grew up @ Hong Kong and studying @ Beijing currently. Cambridge Econ PGDiploma is appealing, and I aim to obtain a Econ MPhil.

Since i am not majoring in Econ(majoring in International Relations instead, but gonna start a economics double degree in the upcoming semster.)
I want to collect more information and advise from insiders.

What is the criteria getting into the diploma program? and how many diploma students are able and accepted to do the MPhil afterward? again, what is the criteria to be a MPhil students after finishing the diploma? ( i am afraid only the best students,or only few are permitted..)

Reply 11

roxy potter

13

I read it somewhere. I think it was on www.gradunion.cam.ac.uk/forum

If you search diploma there you'll find lots of info on it.

Also if you look at the Economics faculty website you can see the faculty end of year reports which tell you the numbers that went from diploma to mphil. As far as I'm aware if you get 65 you're guaranteed an MPhil place.

I think entry for the diploma is just good grades, a proven interest, good gre score but not a particularly strong economics background. Tbh I know more about the MPhil because that's what I'm going to be doing (grades permitting)

Economics LSE /Cambridge

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