Is LSE better than IIM?
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2 Answers
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London School of Economics and the IIM institutions are known to be one of the top universities in the world. Based on their rankings, both colleges have performed well throughout the years. London School of Economics and Political Science has been ranked at #45 and the top five IIMs overall have a ranking between #22 and #51 according to the QS World Rankings 2024. Some of the comparative points based on different parameters for LSE and IIMs are given in the table below:
Category London School of Economics IIMs QS World Rankings 2024 #45 #22- #51 Average Salary MBA INR 96 Lakhs INR 20 Lakhs - INR 25 Lakhs per annum Course Fees (MBA) INR 21 L - INR 47 L INR 11 L - INR 25 L -
London School of Economics in the UK and IIMs in India are popularly known for their Business and Management courses. According to the QS World University Rankings 2024, LSE has claimed the spot #45, whereas various IIMs are ranked in the range 48-78. These include IIM-B (#48), IIM-A (#53) and IIM-C (#78) . On the basis of world rankings, LSE has an upper hand.
Mentioned below is the comparison between LSE and top IIMs in India on the basis of some key parameters that can help you choose:
Parameters
London School of Economics and Political Science
IIM
Acceptance Rate
9%
0.25 - 2%*
QS Rankings
#45
IIM Ahmedabad: #53
IIM Bangalore: #48
IIM Calcutta: #78
Annual Tuition Fee (MBA)
INR 20L- 46L
IIM Ahmedabad: INR 18,19,000 Tuition fee + GST.
IIM Bangalore: INR 21L
IIM Calcutta: INR 31L
Average Package
GBP 47,524 (INR 49 LPA)
INR 16 LPA to INR 30 LPA
*Conversion rate: 1 GPB=INR 104.29
Similar Questions for you
Mentioned below are some popular financial aid options for Indian students in the UK.
| Type of Scholarship | Scholarship Name | Financial Award | Eligibile Courses |
|---|---|---|---|
| Merit-based | Erasmus Mundus Joint Master's Scholarship |
| PG or Research |
| Merit-based | Commonwealth Scholarship |
| PG or Research |
| Merit-based | GREAT Scholarships | GBP 10,000 or INR 12.11 L | PG |
1 GBP = INR 121,18
Management and IT graduates are of very high demand to employers in London. Mentioned below are some of the best paying job roles in London for Indian students to consider.
| Job Title | Average Salary in GBP | Average Salary in INR |
|---|---|---|
| Software Engineer | GBP 50,834 | INR 61.6 Lakhs |
| Data Analyst | GBP 34,707 | INR 42.05 Lakhs |
| Project Manager | GBP 49,300 | INR 59.73 Lakhs |
| Marketing Manager | GBP 45,244 | INR 54.8 Lakhs |
| Operations Manager | GBP 47,541 | INR 57.6 Lakhs |
Source: Payscale
1 GBP = INR 121.17
For London School of Economics admissions, international students must meet all the admission requirements and submit all the relevant documents along with admision application. International students can apply via UCAS for UG programs and Graduate Application Portal for PG programs. LSE admission requirements for students:
- Higher Secondary School certificate
- Overall score of 85 - 95%
- Proof of English proficiency
Students should score 7 or above in IELTS, 100 or above in TOEFL, and over 65 in PTE. The English language requirements are similar for most of the UG and PG programs. Fulfilling the English language requirement is one of the important factors during admission.
The London School of Economics does not mandate work experience for most of the master's programs. Students must consider submitting them as it is highly valued. Students who are going to take admission to programs like Management, Finance, or Public Policy are advised to submit their scores, as it can enhance their chances of selection.
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