The London School of Economics and Political Science (LSE), part of the University of London, offers a prestigious PhD in Economics, a 4-5 year full-time research degree (up to 8 years part-time) through its Department of Economics. It focuses on advanced economic theory, econometrics, and applied research in areas like macroeconomics, microeconomics, development economics, and financial economics, supervised by world-leading faculty. Students produce a thesis (up to 100,000 words) and defend it in a viva, with opportunities for teaching, conferences, and collaborations (e.g., with IMF/World Bank). Ranked #1 in Europe for Economics (QS 2025) and #2 globally for Social Sciences (THE 2025), it prepares for academia, policy, or finance. Ideal for Indian students (large Indian cohort), with ties to recruiters like RBI, IMF, and McKinsey. Research-based; main intake: September 2026. Apply via LSE portal.
Key Highlights – PhD Economics, London School of Economics (LSE) – University of London (Sep 2026)
- Duration: 4–5 years full-time (up to 8 years part-time)
- Department: Department of Economics at LSE (QS #7 Economics & Econometrics 2025; #1 in Europe)
- Type: Pure research degree – no coursework after MRes (first year is compulsory MRes Economics with 90%+ pass required to proceed)
- Research areas: – Macroeconomics – Microeconomic Theory – Econometrics – Development Economics – Labour & Public Economics – Political Economy – International & Financial Economics
- Structure: – Year 1: MRes Economics (intensive taught + research training) – Years 2–5: Full-time original research + thesis (max 100,000 words) + viva – Teaching opportunities (paid GTA roles from Year 2)
- Supervision: 2–3 world-class supervisors (e.g., Nobel laureate faculty affiliates)
- Unique features: – Access to STICERD, CEP, IGC research centres – Regular seminars with IMF, World Bank, Bank of England speakers – Strong placement record in top universities (Harvard, MIT, Stanford) and policy institutions
- Class profile: 25–30 new students/year, 70%+ international, 6–10 Indians every year (one of the largest Indian PhD cohorts globally)
- Career outcomes: – 95%+ placed in academia, central banks, or international organisations – Recent Indian placements: RBI, IMF, World Bank, Delhi School of Economics, Ashoka, ISB, McKinsey Global Institute – Starting salary (academia): £60,000–£100,000 (₹70 lakh–₹1.2 crore in India)
- Funding: – LSE PhD Studentships: Full tuition + £32,154/year stipend – awarded to ~70% of admitted students (deadline 23 Jan 2026)
Entry Requirements for Indian Students
| Category | Details |
|---|---|
| Application Deadlines | Rolling but competitive; apply early for funding. - September 2026 intake: 7 January 2026 for full funding consideration. Indian students apply via LSE portal. |
| Entry Requirements | - Academic: First-class honors (70%+ in bachelor's Economics or related from recognized Indian uni like Delhi School of Economics/IIT; merit in master's/MSc Economics with 65%+ or equivalent research exp). - Work Experience: Not mandatory; 1-2 years in economics/research preferred. - English Language: IELTS 7.0 overall (no band <6.5), PTE 67+; waived if degree in English.Research proposal; GRE/GMAT optional (quant 165+ recommended); interview with supervisors. |
| Documents Required | - Degree certificates/transcripts (English/notarized). - CV (detailing research/exp). - Research proposal (1,000-2,000 words: topic, methods, supervisor fit). - Two references (academic/professional). - English/GRE scores (if applicable). - Passport copy. - Proof of funds (post-offer for visa).Upload via portal; contact supervisor first. |
| Scholarships | PhD programme tax-free stipend: £32,154 |
Tips and Tricks for Indian Students Applying to LSE PhD Economics
LSE's PhD is highly competitive (~5-10% acceptance)—secure strong quant profile.
- Contact Supervisor Early: Email potential supervisors (from department site) by Oct 2025 with proposal—essential for funding. Aim for DSE/IIT alumni.
- Funded Deadline Priority: Apply by 23 Jan 2026 for full studentships (£23k stipend; 70% Indians get funded). Late apps limited.
- English Waiver: English-medium master's skips IELTS—saves ₹15k; PTE quick.
- Funding Beyond LSE: Inlaks (£100k) + loans (£30k SBI at 9%); self-fund rare.
- Visa Prep: TB test in India (₹7k); sponsor OK. London living £1,200-1,500/month (halls via portal).
- Network Pro: Join LSE India webinars (Nov 2025); Indian Econ Society for events.
- Post-PhD ROI: 3-year Graduate visa; grads at RBI/IMF (avg ₹50-80L salary back home).
FAQs
Ques 1: Do I need a master's for admission?
Ans: Strongly preferred—65%+ in master's Economics (e.g., DSE/IIT) with research; 40% Indian admits had MSc. Bachelor's 70%+ OK with GRE quant 165+.
Ques 2: How to get full funding as an Indian?
Ans: 70% get LSE studentship (tuition + £23k stipend); apply 23 Jan 2026. Add Inlaks £100k—most pay nothing net; late apps (Mar 2026) limited.
Ques 3: Respected in India for RBI jobs?
Ans: Yes—#1 Europe Economics; alumni at RBI/McKinsey (₹50-80L avg). Not ISI, but LSE's rigor excels for Indian policy/finance careers.
Important Alert
- Application Deadline For 2026 Intake - Jan 7, 2026
Tuition Fees
Important Dates
| Event | Application Date |
|---|---|
| Application Deadline For 2026 Intake | Jan 7, 2026 |
Scores Required
TOP Scholarships
| Scholarship name | Award amount | Eligibility |
|---|---|---|
| PhD programme tax-free stipend | £32,154 | Receive full funding which includes a tax-free stipend for five years and a tuition fee waiver |
Key Resources for Your Study Abroad Journey
Scholarship Grants & Financial Aids
| Name | Scholarship Per Student | Level of Study | Type | |
|---|---|---|---|---|
| Commonwealth Rutherford Fellowship | Scholarship per student$ 4,099/Yr$3,105 | Level Of StudyDoctorate | TypeMerit-Based | |
| Forktip Women’s- Innovation Scholarship | Scholarship per studentVariable Amount | Level Of StudyBachelor | TypeCollege-Specific |
Similar Programs
| Program | Important Date | Total Fees | Median Exams Score | Action |
|---|---|---|---|---|
| USD 31,046 /Yr GBP 23,520 /Yr |
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Application Deadline for September 2026 (1st Jun 2026) | USD 28,908 /Yr GBP 21,900 /Yr |
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| USD 25,476 /Yr GBP 19,300 /Yr |
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| USD 24,750 /Yr GBP 18,750 /Yr |
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-- | USD 32,340 /Yr GBP 24,500 /Yr |
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