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
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
International students coming from diverse countries must prove their English language proficiency by submitting the scores of IELTS, PTE, and TOEFL. Students must aim to 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 undergraduate and graduate programs. Fulfilling the English language requirement is one of the crucial factors during admission.
The London School of Economics does not mandate work experience for most of the master's programs. However, 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. In addition, along with academic excellence, factors like relevant internships, research projects, or any prior professional roles can improve the admission chances.
The London School of Economics expects a minimum of 3.5 GPA on the scale of 4 or 65%-75%, higher in a UG degree from a recognised university, or equivalent. Along with fulfilling the basic eligibility requirements, they must submit certain mandatory documents such as academic transcripts, CV, statement of purpose, standardized test scores, and English language requirements. Students who provide some additional achievements like extracurricular or relevant work experience are prioritized over those who do not.
London School of Economics is among the top universities for pursuing higher education in UK. For LSE admissions, international students must meet all the admission requirements at the university. Also, students whose native language is not English, must submit proof of English proficiency at LSE. International students can apply via UCAS Application Portal for undergraduate programs at the university. Whereas, international students can apply via University Official Portal for graduate programs at LSE. London School of Economics application fee for international students for both UG and PG programme are listed below:
Type of Program | Application Fee |
---|---|
Undergraduate | GBP 28.50 (INR 3,329.25) |
Postgraduate | GBP 95 (INR 11.097.50) |
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