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The director is the head of LSE and its chief executive officer, responsible for executive management and leadership on academic issues. [118], The London School of Economics (LSE) is aiming to increase the size of its endowment fund to more than 1bn, which would make it one of the best resourced institutions in the UK and the world. Abraham Low, a BSc Management and Digital Innovation graduate who studied at SIM, reflects on his student experience as he graduates this year. The council is supported in carrying out its role by a number of committees that report directly to it. While it measures and offsets emissions from heating, electricity, and faculty air travel, the school does not include construction-, on-campus food- or other travel-related emissions in its offsetting. The University of London degrees of BSc (Econ) and DSc (Econ) were established in 1901, the first university degrees dedicated to the social sciences. [16] The beaver mascot was selected for its associations with "foresight, constructiveness and industrious behaviour".[30]. [227], Sporting activity is coordinated by the LSE Athletics Union, which is a constituent of British Universities & Colleges Sport (BUCS). [147][149] This followed the Research Assessment Exercise in 2008 where the school was placed second equal nationally on GPA, first for fraction of world-leading (4*) research and fourth for fraction of world-leading or internationally excellent (3* and 4*) research in LSE's analysis of the results,[150] fourth equal for GPA and 29th for research power in Times Higher Education's analysis,[147] and 27th in research power by Research Fortnight's analysis. Please enable JavaScript in your web browser to get the best experience. [130], Postgraduate students at the LSE are required to have a first or upper second Class UK honours degree, or its foreign equivalent, for master's degrees, while direct entry to the MPhil/PhD programme requires a UK taught master's with merit, or foreign equivalent. [79] In November 2009 the school purchased the adjacent Sardinia House to house three academic departments and the nearby Old White Horse public house, before acquiring the freehold of the grade-II listed Land Registry Building at 32 Lincoln's Inn Fields in October 2010, which was reopened in March 2013 by The Princess Royal as the new home for the Department of Economics, International Growth Centre and its associated economic research centres. The London School of Economics and Political Science (LSE) is one of the foremost social science universities in the world, specialising in a wide range of social science disciplines, including economics, politics, sociology, law and anthropology. Combined over 100 languages are spoken at LSE. The Guardian reported that Sheikh came into contact with radical Islamists at the LSE. LSE operates the George IV public house[70] and the students' union operates the Three Tuns bar. LSE is the only UK member school in the CEMS Alliance, and the LSE Global Master's in Management is the only programme in the UK to offer the CEMS Master's in International Management (CEMS MIM) as a double degree option, allowing students to study at one of 34 CEMS partner universities. [236] The school has over 50 fellows of the British Academy on its staff, while other notable former staff members include Brian Barry, Maurice Cranston, Anthony Giddens, Harold Laski, Ralph Miliband, Michael Oakeshott, A. W. Philips, Karl Popper, Lionel Robbins, Susan Strange, Bob Ward and Charles Webster. Gain a University of London degree closer to home with world-class academic direction from the London School of Economics and Political Science. Michaelmas Term runs from October to mid-December, Lent Term from mid-January to late March and Summer Term from late April to mid-June. [114], The Court of Governors deals with certain constitutional matters and has pre-decision discussions on key policy issues and the involvement of individual governors in the school's activities. [164][165] It also participates in Key Action 1 of the European Union-wide Erasmus+ programme, encouraging staff and student mobility for teaching, although not the other Key Actions in the programme. These include but are not limited to the Malinowski Memorial Lectures hosted by the department of anthropology, the Lionel Robbins Memorial Lectures and the Ralph Miliband programme. The public lectures programme at LSE embodies the School's engagement agenda and caters to the thirst for informed debate. [143][144][145] In conjunction with NYU Stern and HEC Paris, LSE also offers the TRIUM Executive MBA. [159], Together they offer a range of double or joint degree programmes including an MA in International and World History (with Columbia) and an MSc in international affairs with Peking University, with graduates earning degrees from both institutions. Internationally, the current and first female president of the European Commission Ursula von der Leyen, Brazilian defence minister Celso Amorim, Costa Rican President scar Arias, Japanese Prime Minister Taro Aso, Queen Margrethe II of Denmark, architect of the Indian Constitution and eminent economist B. R. Ambedkar, President of India K. R. Narayanan, President of the Republic of China (Taiwan) Tsai Ing-wen, Italian prime minister and president of the European Commission, Romano Prodi, French Foreign Minister and president of the Constitutional Council Roland Dumas[237] as well as Singapore's deputy prime minister and chairman of the International Monetary and Financial Committee at the International Monetary Fund (IMF), Tharman Shanmugaratnam all studied at LSE. LSE is ranked sixth in the current QS World Rankings for law. LSE's research and teaching is organised into a network of independent academic departments established by the LSE Council, the school's governing body, on the advice of the academic board, the school's senior academic authority. [183][184][185][186][187], The Shaw Library, housed in the Founders' Room in the Old Building, contains the school's collection of fiction and general readings. [163], The school also runs exchange programmes with a number of international business schools through the Global Master's in Management programme and an undergraduate student exchange programme with the University of California, Berkeley in Political Science. [26], During World War II, the school decamped from London to the University of Cambridge, occupying buildings belonging to Peterhouse. In the political arena notable alumni and staff include 53 past or present heads of state, 20 members of the current British House of Commons and 46 members of the current House of Lords. In August 2015, it was revealed that the university was paid approximately 40,000 for a "glowing report" for Camila Batmanghelidjh's charity, Kids Company. [75][76][77], Since the early 2000s, the campus has undergone an extensive refurbishment project and a major fund-raising "Campaign for LSE" raised over 100 million in what was one of the largest university fund-raising exercises outside North America. Now it regularly follows Oxford and Cambridge in league tables of research output and teaching quality and is at least as well-known abroad as Oxbridge". [95][96][97][98], The Marshall Building, located at 44 Lincoln's Inn Fields, opened in January 2022. LSE has a long list of notable alumni and staff, spanning the fields of scholarship provided by the school. The New Academic Building opened for teaching in October 2008, with an official opening by Her Majesty the Queen and the Duke of Edinburgh on 5 November 2008. LSE will also continue to develop its network of institutional partnerships overseas. The LSE received 20,000 applications for 1,600 undergraduate places in 2017, or 12.5 applicants per place. [153][154] It is joined by the LSE IDEAS think tank, which in a global survey conducted by the University of Pennsylvania in 2015 was jointly ranked as world's second-best university think tank for the third year running alongside the LSE Public Policy Group, after Harvard University's Belfer Center for Science and International Affairs. [122] The institution has two sets of colours brand and academic red being the brand colour used on signage, publications and in buildings across campus and purple, black and gold for academic purposes including presentation ceremonies and graduation dress. [51], In 2013, the LSE was featured in a BBC Panorama documentary on North Korea, filmed inside the repressive regime by undercover journalists attached to a trip by the LSE's Grimshaw Club, a student society of the international relations department. [209] Times Higher Education's subject rankings for 2021 place LSE 7th for business and economics, 8th for social sciences, 10th for law, 17th equal for psychology, 21st for arts and humanities, and in the 251300 range for physical sciences. [196] LSE organises over 200 public events every year. It has specific responsibilities in relation to areas including: the monitoring of institutional performance; finance and financial sustainability; audit arrangements; estate strategy; human resource and employment policy; health and safety; "educational character and mission", and student experience. Admission to the diploma requires a UK degree or equivalent plus relevant experience. [155], In February 2015, Angelina Jolie and William Hague launched the UK's first academic Centre on Women, Peace and Security, based at the school. It is located behind the Tate Modern art gallery on the south bank of the river. The library relocated from London Metropolitan University in 2014. The school's historic coat of arms is used on official documentation including degree certificates and transcripts and includes the motto rerum cognoscere causas, a line taken from Virgil's Georgics meaning "to know the causes of things", together with the school's mascot a beaver. Previously, the school has hosted figures including Nelson Mandela and Margaret Thatcher. [50] LSE director Howard Davies resigned over allegations about the institution's links to the Libyan regime. [99] Designed by Grafton Architects and named after British investor Paul Marshall, the building houses the Departments of Management, Accounting, and Finance, sports facilities, and the Marshall Institute for Philanthropy and Social Entrepreneurship. [57] The dispute organised by the UVW union was originally over unfair dismissals of cleaners, but had escalated into a broad demand for decent employment rights matching those of LSE's in-house employees. LSE is also the top university for impact in its social science disciplines, whether judged on Grade Point Average or the proportion of research impact awarded 4*. The trip had been sanctioned by high-level North Korean officials. [139] Lastly, in partnership with the federal University of London, LSE oversees 9 BSc programmes as the lead institution which designs the curriculum. The philosopher Bertrand Russell taught there in 1895-96 and 1937-38, helping to define the LSEs ethos. The area is historically known as Clare Market. The LSE group has an endowment (as of 31 July 2016) of 119M and had a total income for 201516 (excluding donations and endowments) of 311M (293M in 201415) with expenditure of 307M (201415 302M). [239], Convicted British terrorist, Omar Saeed Sheikh, studied statistics at LSE, but did not graduate. [198], There are also a number of annual lecture series hosted by various departments. [236], Leonid Hurwicz Nobel laureate in Economics studied at LSE with Nicholas Kaldor and Hayek, Ronald Coase awarded the Nobel Prize in Economics in 1991, Christopher A. Pissarides awarded the Nobel Prize in Economics in 2010 currently Regius Professor of Economics at LSE, Amartya Sen, Indian economist, former professor and Nobel laureate, Juan Manuel Santos, former president of Colombia and recipient of the 2016 Nobel Peace Prize. Global leaders in politics, business and the academic world come to LSE to discuss the issues of the day. The LSE students union has twice courted controversy in the past half century, first in a series of riots in 1967 to protest the appointment of director Sir Walter Adams, who had worked as a principal in Zimbabwe under white rule. The LSE also forms part of CIVICA The European University of Social Sciences, a network of eight European universities focused on research in the social sciences. LSE is located in the London Borough of Camden and Westminster, Central London, near the boundary between Covent Garden and Holborn. As well as leading academics and commentators, speakers frequently include prominent national and international figures such as ambassadors, CEOs, Members of Parliament, and heads of state. [182], The Women's Library, Britain's main library and archive on women and the women's movement, is located in a purpose-built facility with a reading room and exhibition space in the Lionel Robbins Building. The former chairman of the House of Commons education committee, Barry Sheerman, sits on its board of governors, along with Labour peer Lord (Frank) Judd. [228] Most residences take both undergraduates and postgraduates, although Carr-Saunders Hall and Passfield Hall are undergraduate only, and Butler's Wharf Residence, Grosvenor House and Lillian Knowles House are reserved for postgraduates. It sits alongside a radio station, Pulse! Global Ranking of Sport Science Schools and Departments. The first journal to be published by the press was the Journal of Illicit Economies and Development, edited by John Collins, executive director of LSE's International Drug Policy Unit. The LSE's current director is Dame Nemat Shafik, who replaced interim director, Professor Julia Black, on 1 September 2017. LSE offers 40 Bachelors degree programmes, over 140 taught Masters and Diploma programmes, and PhD opportunities across the social sciences. On the small screen, the popular 1980s British sitcom Yes Minister and Yes Prime Minister make a regular references to the LSE with Minister Jim Hacker (later Prime Minister) and Sir Mark Spencer (special advisor to the Prime Minister) regularly being subtly ridiculed for having attended the LSE. [197], Recent[when?] In around a dozen other novels, the LSE was mentioned as short-hand for a character being witty and clever but outside the establishment. After protests and reactions from both sides,[64][65] the school made the decision to alter the work of art over the objections of the Taiwanese students. It includes publicly accessible roof terraces and a renovated square at the centre of campus. [190][191][192], The original LSE Summer School was established in 1989 and has since expanded to offer over 70 three-week courses in accounting, finance, economics, English language, international relations, government, law and management each July and August. 58 per cent of LSEs research was judged to be world-leading (4*) and 35 per cent was deemed to be internationally excellent (3*). The School is also committed to widening participation in higher education, through engagement with secondary schools and their pupils throughout London. [178][179] Its collections are recognised for their national and international significance and hold 'Designation' status by the Museums, Libraries and Archives Council (MLA). Through exposure to the latest developments in social science and to the thinking of visiting world leaders, business figures and academics in debates and public lectures, students are challenged and inspired by LSE's vision of intellectual excellence combined with real-world engagement. [128] All undergraduate applications, including international applications, are made through UCAS. Other fictional LSE alumnus are present in Spooks, at least one episode of The Professionals and The Blacklist series. [114] The principal governance bodies of the LSE are: the LSE Council; the Court of Governors; the academic board; and the director and director's management team. LSE is incorporated under the Companies Act as a company limited by guarantee and is an exempt charity within the meaning of Schedule Two of the Charities Act 1993. (Marshall disapproved of LSE's separate listing of pure theory and its insistence on economic history. In 2011, it also launched a Methods Summer Programme. It has been the first step in the careers of thousands of practising lawyers around the world. [158], LSE has academic partnerships in teaching and research with six universities with Columbia University in New York City and University of California, Berkeley, in Asia with Peking University in Beijing and the National University of Singapore, in Africa with the University of Cape Town and Europe with Sciences Po in Paris. [48] In September 2016, Bank of England Deputy Governor Dame Nemat (Minouche) Shafik was announced to replace Professor Julia Black as the school's director. [109][110] However, LSE does not include all of the university's carbon emissions in its offsetting scheme. [225], LSE owns or operates 10 halls of residence in and around central London and there are also two halls owned by urbanest and five intercollegiate halls (shared with other constituent colleges of the University of London) within a 3-mile radius of the school, for a total of over 4,000 places. Graduates can be found in senior positions in organisations and government worldwide. In the 2020 National Student Survey LSE came 64th out of 154 for overall student satisfaction. It is self-catering, accommodating 447 students in flats of four our five bedrooms with shared facilities. The School protects theoretical research and encourages "blue skies" research while promoting dynamic engagement with the wider society. [146], In the 2014 Research Excellence Framework, LSE had the joint highest percentage of world-leading research among research submitted of any institution that entered more than one unit of assessment[147] and was ranked third by cumulative grade point average with a score of 3.35, beating both Oxford and Cambridge. [84][85][86][87][88][89][90], The Centre Building, situated opposite the British Library of Political and Economic Science, opened in June 2019. A survey by employment specialists Emolument.com found that it on average took LSE graduates 11.6 years in the workforce to begin earning base salaries in excess of 500,000; the shortest timespan of any university in the United Kingdom. [81][82] The building provides accommodation for the LSE Students' Union, LSE accommodation office and LSE careers service as well as a bar, events space, gymnasium, rooftop terrace, learning caf, dance studio, and media centre. Public university in London, United Kingdom, Gerard Loot, cited in Dahrendorf (1995), P.212, History of the London School of Economics, British Library of Political and Economic Science, Higher Education Funding Council for England, Centre for the Analysis of Social Exclusion, Centre for Climate Change Economics and Policy, Grantham Research Institute on Climate Change and the Environment, Belfer Center for Science and International Affairs, Association of Professional Schools of International Affairs, Learn how and when to remove this template message, Times Higher Education World University Rankings, economics & social sciences and management, List of people associated with the London School of Economics, Associate Justice of the Supreme Court of the United States, Bank of England Monetary Policy Committee, President of the Republic of China (Taiwan), List of Nobel laureates affiliated with the London School of Economics, "Financial Statements for the Year to 31 July 2021", "World-ranked universities with the most international students", "LSE becomes the eighth full member of CIVICA The European University of Social Sciences", "Where do billionaires go to university? It was founded in the late 1800s by Fabian Society members Beatrice and Sidney Webb, Graham Wallas and George Bernard Shaw for the purpose of bettering society, by studying poverty issues and analysing inequalities.. There are currently 27 academic departments or institutes. [188][189], Several subject-specific libraries exist at LSE, including the Seligman Library for Anthropology, the Himmelweit Library for Social Psychology, the Leverhulme Library for Statistics, the Robert McKenzie Library for Sociology, the Michael Wise Library for Geography, and the Gender Institute Library. prominent speakers have included Kofi Annan, Ben Bernanke, Tony Blair, Gordon Brown, David Cameron, Noam Chomsky, Bill Clinton, Philip Craven, Niall Ferguson, Vicente Fox, Milton Friedman, Muammar Gaddafi, Julia Gillard, Alan Greenspan, Tenzin Gyatso, Lee Hsien Loong, Boris Johnson, David Harvey, Jean Tirole, Angelina Jolie, Paul Krugman, Dmitri Medvedev, Mario Monti, George Osborne, Robert Peston, Sebastin Piera, Kevin Rudd, Jeffrey Sachs, Gerhard Schroeder, Carlos D. Mesa, Luiz Incio Lula da Silva, Aung San Suu Kyi, Amartya Sen, George Soros and Rowan Williams. The university gave offers of admission to 37.0% of its applicants in 2015, the 3rd lowest amongst the Russell Group. [24] Despite the traditional view that the LSE and Cambridge were fierce rivals through the 1920s and 30s, they worked together in the 1920s on the London and Cambridge Economic Service. Business people who studied at LSE include the CEO of AirAsia Tony Fernandes, former CEO of General Motors Daniel Akerson, director of Louis Vuitton Delphine Arnault, founder of easyJet Stelios Haji-Ioannou, CEO of Abercrombie & Fitch Michael S. Jeffries, Greek business magnate Spiros Latsis, American banker David Rockefeller, CEO of Newsmax Media Christopher Ruddy, founder of advertising agency Saatchi and Saatchi Maurice Saatchi, hedge fund managers George Soros and Michael Platt and Andreas Utermann, former CEO of Allianz Global Investors. [26], The main figures in this debate were John Maynard Keynes from Cambridge and the LSE's Friedrich Hayek. The LSE economist Lionel Robbins was also heavily involved. The London School of Economics and Political Science (LSE or the LSE) is a public research university located in London, England, and a constituent college of the federal University of London. The Schools academic profile spans a broad range of social sciences and is renowned for studying real world issues, from economics, politics and law to sociology, anthropology, accounting and finance. [208], According to data released by the Department for Education in 2018, LSE was rated as the best university for boosting graduate earnings, with male graduates seeing a 47.2% increase in earnings and female graduates seeing a 38.2% increase in earnings compared to the average graduate.[211]. Certain departments operate reading weeks in early November and mid-February.[120]. LSE has more than 11,000 students, just under seventy percent of whom come from outside the UK, and 3,300 staff. LSE is currently focusing on increasing the amount of research funding, especially from peer-reviewed external sources, and improving the quality of research space. Many serve on government panels and advise international organisations, businesses and charities. [160] The school also offers joint degrees for specific departments with various other universities including Fudan University in Shanghai, USC in Los Angeles and a Global Studies programme which is offered with a consortium of four European universities Leipzig, Vienna, Roskilde and Wroclaw. LSE is also the joint second ranking university in the UK overall, when considering research outputs, research impact and research environment. Scholarships are available to attend the session in London, while other July programmes are available in Beijing and Cape Town, South Africa. [205] The 2022 Times Higher Education World University Rankings ranked LSE 27th globally. [22] Expanding rapidly over the following years, the school moved initially to the nearby 10 Adelphi Terrace, then to Clare Market and Houghton Street. In the summer of 2017, dozens of campus cleaners contracted via Noonan Services went on weekly strikes, protesting outside key buildings and causing significant disruption during end-of-year examinations. [100][101][102] The site was previously home to the Francis Crick Institute's laboratories, which LSE purchased in 2013. [13][14] Out of all European universities, LSE has educated the most billionaires (11) according to a 2014 global census of US dollar billionaires. [117], The Times Higher Education Pay Survey 2017 revealed that, among larger, non-specialist institutions, LSE professors and academics were the highest paid in the UK, with average incomes of 103,886 and 65,177 respectively.

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