MSc Econometrics LSE

I was recently accepted to the MSc Econometrics (EME) program at LSE. It will cost me about $70,000 to attend. I am one year out of undergrad at a top 50 university. I majored in math and had a GPA of 3.83.

While I had a prestigious internship my junior year, I have no experience in banking or consulting. I have a job now that is tangentially related to finance.

My goal is to use my masters at LSE as sort of a reset where i can build skills and take advantage of on campus recruiting to apply to management consulting and economic consulting jobs.

My questions are:

Do you think this is a good idea? How much can someone make with a masters in econometrics at a top economic consulting firm? Will a masters degree from LSE help me get a job in management consulting?

Best Response

Hi Nicky,

Firstly congrats on the offer. Your major subject and grades are certainly a solid selling point and can help in numerous areas. I'm not familiar with the Econometrics MSc specifically but I can say that LSE is highly regarded in the UK and Europe for recruitment to management consulting, economic consulting and other finance area such as IB.

To answer the first part, I attended an event with a top economic consulting firm (think NERA/FTI/Bates White) and their starting salary for a UK analyst was minimum £36K a year and based on previous experience could go up to £40K. Consider that this is just UK, so if you want to work elsewhere you'll have to check with locals.

For the second part, I do think an MSc from LSE will help with management consulting. The econometrics MSc perhaps will help more with economic than management consulting. For management I would personally look at doing a MiM, or their MSc in management and strategy.


Thank you very much for your answer. It seems, strangely, that consulting jobs in the U.K. pay much less than consulting jobs in the US.

Do you think it would make sense to try to apply for econ consulting jobs in the US without the masters? My work now, for a securities law firm, is in some ways relevant to economic consulting.


Yeah, I also find it strange that salaries aren't proportional. London MBB analysts get £45-50K whilst in NYC I read $70-90K and the two cities are comparable in terms of living costs.

Perhaps the US is more lenient to straight-out-of-undegrad applicants but when I did a superday for these firms out of 20 students, 2 only had a BSc; this may be UK specific. Also consider that some of these firms and others like Charles River Associates have legal and policy departments besides their economic consulting ones so you could also look into those although I don't know what skills they want.

Ps, the MSc in Econometrics and Mathematical Economics costs £27.5K for overseas students. Since this is about $39K (almost half of the $70K quoted above) it may be worth the investment.


Don't waste your time, don't get me wrong the program you have been accepted to is really strong and rigorous and most graduates pursue PhDs but I don't think it will direct you to the path you want.

If I were you I would apply to internships and that's it.


Quos vero reiciendis quod inventore. Sequi sed molestias provident consequuntur.

Neque quia rerum et iste porro maxime. Consectetur cumque occaecati qui cupiditate corrupti corrupti excepturi. Quia impedit repellendus mollitia temporibus sit. Enim ad esse soluta praesentium quaerat.

Quas qui alias est molestias quis. Neque doloribus et animi adipisci culpa ipsam. Et qui qui voluptate et dolor consequuntur.

Ea et nesciunt quod atque fuga pariatur. Laborum sit assumenda magni doloribus ut id ea. Dolorum est sed consequatur rerum quia et. Iure quo commodi aut eum.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Lazard Freres No 98.9%
  • Harris Williams & Co. 25 98.3%
  • Goldman Sachs 17 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.9%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 04 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (91) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (147) $101
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”


redever's picture
BankonBanking's picture
Secyh62's picture
Betsy Massar's picture
Betsy Massar
CompBanker's picture
GameTheory's picture
kanon's picture
dosk17's picture
Linda Abraham's picture
Linda Abraham
numi's picture
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”