A unique combination of economics and strategy applied to real-word business environments
The global landscape of business is changing and with increasing technological advancement, AI, big data and climate change, companies need graduates who can think strategically to find solutions to complex business challenges. Building upon your existing quantitative skills, our MSc Economics & Strategy for Business integrates cutting-edge strategic analysis with contemporary economics, preparing you for successful careers in specialist economic and management consultancies and financial services.
The programme focuses on the application of core disciplines to real-world situations, via interactive lectures, challenging case studies, immersive business simulations and real-life consultancy projects. Upon successful completion of the programme you will have the skills, knowledge and practical experience needed to help businesses make informed decisions to maximise profits and minimise risk.
An applied Master’s combining economics and strategy at a global top 10 university in London
MSc Economics & Strategy for Business draws on the expertise of Business School faculty in economics and strategy, as well as experts in other areas of business such as business analytics, finance, innovation, technology, healthcare management and energy economics, providing a uniquely Imperial view of economic and strategic thinking.
Please note, programme content is subject to change. Candidates that fail to successfully complete this degree are not entitled to a Postgraduate Certificate or Postgraduate Diploma.
Online pre-study modules
Before the programme begins you will be expected to complete online pre-study modules delivered through The Hub, Imperial College Business School’s virtual learning environment. These include primers in key areas including Maths, Strategy, Accounting, and Data, Tools and Evidence as well as Plagiarism Awareness. These modules do not contribute to the calculation of the final award but are designed to provide students with a common base of knowledge before starting the programme.
Your MSc Economics & Strategy for Business induction will be spent at our vibrant South Kensington campus in London. You will be invited to a welcome event where you can meet and network with your fellow students, distinguished faculty and dedicated programme staff, forging new connections and getting a taste of life at Imperial.
Business planning requires a proper understanding of macroeconomic forces. These forces include not only domestic developments and government policies but also the impact of international forces in an increasingly interconnected world. The aim of this module is to develop the framework and tools of analysis needed to explain how the level of macroeconomic activity is determined and why macroeconomic conditions change over time.
Analytics for Applied Economics and Business
This module discusses key empirical issues and methods used for data analysis in applied economics and business. The module will not only discuss the use of these methods and their applications in business but ensure that you properly understand the interpretation of the results and their implications for business decisions. You will also have the opportunity to obtain basic programming skills in widely used statistical software.
This module explores the way in which businesses respond to market incentives and the consequences for market behaviour, the nature and role of competition, and the role of innovation. It shows how firms can create and overcome barriers to entry, how advertising can expand the size of their market and how firms at different stages of the value chain interact. Techniques for increasing revenues are also discussed.
This module develops the theory of finance and the theory of regulation, and further explores how managers can utilise both financial markets and financial instruments to mitigate the risks that they face and the management of the regulatory regimes in which they may find themselves operating.
Corporate strategy is concerned with a firm’s scope, determining which businesses and activities to include within the boundaries of the firm. Our focus is on the challenge of managing and co-ordinating these different businesses and activities to achieve the overall goals of the firm.
The digital revolution, including the internet, is transforming business and consumer behaviour. This module will consider the economics of digitisation including industry dynamics, the impact on market structure, and network effects.
Economics of Public Policy
In this module we use the tools of economic analysis to understand the role of state in economic activity. We will explore market failures and other reasons for public policy interventions, common forms of intervention, the effects of public policy on economic outcomes, and the political economy of policy formation. We will analyse topics relevant to today’s public, policy debates, including but not limited to taxation, health, public safety, social welfare policy, education, energy and the environment, and income inequality.
Economics and Strategy for Innovation
Careful strategic planning is needed in order to ensure that firms successfully negotiate the shifting technological landscapes in which they operate. At the same time, they must drive change themselves through the effective management of innovation. In this module, the strategic management of technological change and of innovation will be considered. A range of strategic and economic tools and frameworks for managing these critical issues will be presented.
This module explores strategy within a global context. It explores the differences between international strategy and global strategy with an examination of the macro and micro drivers of globalisation. Our focus is on the impact of globalisation, taking account of the strategic implications for organisations as well as the economic consequences at national level for governments.
This module explores how organisations are run and how their financing decisions affect their governance and profitability. When managers are not the owners of a business, they may have incentives to act in ways which are unhelpful for shareholders. Corporate governance describes the systems used to limit these kinds of behaviours. The module also examines the ways in which companies are financed, and show how this can not only affect profitability but also create incentives to engage in activities such as mergers and acquisitions.
Economics and Banking
Economics of Healthcare
Information, Incentives and Contracts
Management suite electives
Design Thinking for Innovation
Leading Social Innovation
Management, Strategy and Innovation in Fintech
Negotiating through differences
Mergers and Acquisitions
Python for Finance
Strategic Sales Management
Venture Capital and Growth Finance
If you are planning to undertake doctoral research after the programme, you may also opt to do the Individual Research Report in place of the ESB Report and Consulting Project, Work Placement or Case Study. Students must secure a supervisor to be considered.
A simulation exercise designed to draw together the various aspects of the programme and to test your capacity to integrate the material and to apply it to a realistic situation.
This is a 5000 word unsupervised, individual essay on one of five broad themes: Global Perspectives, Digital Perspectives, Sustainable Perspectives, General Management Perspectives or Economic Perspectives.
This is a substantial group-based project undertaken for a real client. It gives you the opportunity to apply the programme material to the solution of a real business problem, and to gain valuable consulting experience.
The work placement aims to contribute to the development of your potential by providing you the opportunity to apply the material of the programme to a challenging business situation in which you are fully immersed. You must source your own work placement, which needs to be approved in advance by the Academic Director.
This module is designed to develop your economic and strategic capabilities by applying your acquired theoretical knowledge, analytical and managerial skills towards the development of a 'forensic' analysis of a major global company. You will analyse your chosen corporation from a global macro perspective, apply economic and strategic concepts as the basis for analysis, and use detailed secondary research to underpin analysis.
Individual Research Project
Students wishing to study a doctoral programme after this programme may undertake a research project, with approval from the Academic Director. This constitutes a small piece of research, with an analytical focus, that presents a major opportunity for you to revise and integrate what you have learned on the MSc programme so far. It will also allow you to demonstrate that you can apply your theoretical knowledge to a real-world context.
What our students say
“MSc Economics & Strategy for Business at Imperial College Business School combines two principles that truly interest me, and which I believe will be vital to my long-term success in the fields of Finance and Business. Economics, on the one hand, is a subject I studied in-depth during my undergraduate degree. Nevertheless, the focus on business applications is a lot more prevalent now. Our lecturers take time to explain how businesses use microeconomic concepts to improve their performance, already giving us an edge in our future careers.”
Funding and scholarships
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At Imperial College Business School, your career is our priority. We have a dedicated Careers team that is committed to helping you achieve your personal and professional goals. With close links to industry and a busy calendar of events, workshops and personal development programmes, you will be prepared to enter a highly competitive recruitment market.
Employment outcomes below refer to the class of 2022.
employed within six months
employed in UK
employed in consulting
“The Careers team is super dedicated to supporting students with their career development. They provided many career workshops even before the start of the academic year, so we could practice interview techniques at our own pace.”
Meet your faculty
Our faculty are thought-leaders in the field of business. Their expertise is often employed by central banks, research institutes and governments. They have international research reputations, consult for some of the top businesses in the world and are often asked to give academic insight on a wide variety of topics.
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Frequently asked questions
All applications to our postgraduate programmes are made online – we do not accept paper applications. Please refer to the ‘How to apply’ section of each programme page to see what documents you are required to submit with your application and to view the selection process.
All of our programmes are academically rigorous and include a quantitative component so all candidates are expected to be familiar with a basic level of mathematics before the start of the programme. The quantitative experience statement provides an opportunity to demonstrate this to the selection committee.
In the quantitative experience statement, you need to list up to five of the most quantitative modules or elements of your studies to date. You should list the main topics of study (eg: algebra, probability etc) as well as the level of study (eg: high school, undergraduate degree, short course etc) as this will allow the selection committee to have an understanding of your quantitative experience to date.
Quantitative experience is a key selection criterion for our more quantitative programmes (MSc Finance, MSc Finance & Accounting, MSc Financial Technology, MSc Investment & Wealth Management, MSc Risk Management & Financial Engineering, MSc Business Analytics, MSc Climate Change, Management & Finance and MSc Economics & Strategy for Business) so please be sure to check the entry requirements for your programme of interest to ensure your background is sufficiently quantitative. For other programmes, candidates are advised to review both the programme content and the pre-study modules to see what the numerical content of the programme includes before they submit an application.
You can apply to be considered for one programme each year. We will take your areas of interest and eligibility into account when considering you for alternative programmes.
While it is not compulsory to submit the results of an approved English language test with your application, it is strongly encouraged and will add weight to your application if you are able to show that you have met the language requirement prior to applying. You can find detailed information regarding the Business School’s language requirements and the tests that we accept here.
As part of your application, you will be asked to provide the contact details of two referees. Your referees will be contacted by email once you have completed and submitted your application, and the email will contain instructions on how they can submit your reference via our application system.
Please ensure that each reference letter that is submitted has been sent from an academic or professional email address. We cannot accept references sent from personal email addresses, such as Gmail, Hotmail, 126, 163, Sina, QQ, and Yahoo.
Our electronic application service is provided by an external provider, so there may be a delay before the receipt of your references is confirmed on your student application account.
If you receive confirmation that your references have been received but this still isn’t confirmed on your account a week after receiving the confirmation, please contact the Central Admissions team at email@example.com.
Yes. As part of the selection process, shortlisted candidates for our MSc programmes will be invited to complete an interview. Interviews are conducted through Kira Talent, our video interview platform, which you can access online to record and submit your answers.
The interview process typically takes about 20 minutes and does not require extensive preparation. It aims to supplement your written application by providing a further opportunity for you to articulate your suitability for your MSc programme of choice through questions about your previous experience and future aspirations.
If you are invited to submit a video interview, you will be sent details of how to access and use the Kira Talent online interview platform.
Once you have created an account, you will be asked a series of questions, to which you can record your answers as short videos and submit them online.
Please make sure that the invitation doesn’t go to your junk mail by adding kiratalent.com to your list of safe senders. You must complete your online interview by the deadline stated in the email. If the email has gone into a junk, spam, or clutter folder in your inbox, we will not be able to rearrange a new interview for you, and your application will be considered for withdrawal.
For all MSc programmes, you can normally expect to receive a decision within 6-8 weeks of having submitted a complete application. Please keep in mind that during busy times and/or where documents are missing from an application, this time may increase.
When an offer is submitted by the Business School, the Central Admissions need to make a number of final checks before it can be formally approved. These may include an additional review of an applicant’s academic background or ensuring the references we have received are valid. Until you have received confirmation of the official offer via the College’s applicant portal, please do not arrange accommodation, book flights or decline any other offers you may be holding. The majority of offers are successfully approved by Central Admissions and you will be able to see full details of your offer conditions once your official offer has been confirmed.
Unfortunately, we are unable to confirm when you will receive a decision on your application but we will be in touch via email as soon as there is an update. Please be aware that you do not need to provide any additional information unless you think that this will add significant weight to your application (e.g. updated transcripts, relevant internships, English language results).
Please email your programme admissions team if you would like feedback on your application. Please note that whilst limited feedback can be provided, the decision of the academic selectors is final and it will not be possible for your application to be reconsidered.
We are unable to assess eligibility before an applicant applies as the academic selection committee needs to review a full application before any decision can be made. Please check the specific entry requirements of the programme you are interested in studying along with our international entry requirements. If you feel you meet our entry requirements you can apply online.
In addition to the guidance available on our website, we also hold regular information sessions both online and on-campus throughout the year where we would be happy to discuss your suitability in more detail.
The majority of the MSc programmes require a minimum of an Upper Second Class Honours degree (or international equivalent) to be admitted. While work experience can add weight to an application, this would not be considered in place of meeting the academic requirement, regardless of how lengthy the experience has been.
The exceptions to this are MSc Global Health Management, MSc Business Analytics (online delivery, part-time), and MSc Strategic Marketing (online, part-time). Please refer to the programme’s entry requirements for more detailed information.
We may consider candidates applying to MSc Business Analytics (online delivery, part-time) with non-traditional qualifications and backgrounds, on the basis of highly relevant work experience or demonstrated interest.
The Business School does not offer pre-sessional English courses or accept attendance of a pre-sessional English course as a means of meeting the English language requirement.
Yes, you can. You can pay your tuition fees in either one or two instalments payable at the start of term, or at the start of term and February, respectively. If you pay in instalments there will be a 2% surcharge of the total amount added to your first instalment. You would be asked to select a payment schedule during the offer acceptance process. Please contact the Student Finance Team if you have further questions about this process.
The Business School offers a variety of different scholarships, each with unique eligibility criteria.
All candidates who submit an MSc application before the scholarship deadlines (listed on our website) and receive an offer for one of our programmes will automatically be considered for scholarship(s) relevant to their programme, providing they do not have additional criteria such as a video submission. You can be considered for multiple scholarships at the same time.
Additionally, there are a number of cross-programme awards and programme specific awards also available. Please check on the scholarships page on your programme of choice for eligibility and entry requirements.
Yes, we offer a 10% bursary on programme fees to successful candidates with an undergraduate degree from Imperial awarded at a minimum of upper second class, or Master’s degree awarded with a minimum of Merit. In order to be considered for this bursary, you must submit your application by the scholarship deadline.
If you are being sponsored by an organisation that will be responsible for paying your tuition fees, you must provide acceptable proof of the award.
Satisfactory evidence of sponsorship is usually regarded as an original, dated and duly authorised letter from your sponsor on headed paper which includes the following:
Your name and College Identifier Number
The programme for which you have been offered a place
The amount of fees which will be paid by your sponsor (please report in GBP)
The address to which the invoice should be sent
Any Purchase Order Number required
Confirmation that the fees will be sent directly to Imperial College
Sponsorship letters should be emailed to the Central Admissions team at firstname.lastname@example.org
Your CAS number holds information about the programme you will study and if you have paid any fees. You will not need a formal letter from the College confirming your offer status for your visa appointment.
For more information about what you will need, see the UKVI website.
We will start to issue CAS numbers from April. The details of your CAS will appear on your My Imperial record after you have met all the conditions of your offer. Please note that you will need to upload a scanned copy of the photo page of your passport and current visa (if you have recently completed a degree in the UK), before your CAS can be issued. Please upload these documents to the ‘Passport/visa’ section of your My Imperial account.
Once your CAS is ready, you will receive an email confirming that it has been uploaded onto your My Imperial account. If you log into My Imperial you will be able to find your CAS number and the details that have been included in your CAS.
Please note that we cannot provide you with a CAS if you have outstanding conditions on your offer. Please ensure that you allow enough time to meet your conditions and apply for a visa before the start date of your programme of study.
The Business School holds online information sessions throughout the year to give you the opportunity to learn more about the programmes from the Programme Director, current students and alumni. Please refer to the meet us page to find out when the next event is being held for your interested programme(s).
The Business School is located on the South Kensington campus of Imperial College London. Please refer to the location page for our address and guidance on how to get here.
Please note that before you contact us you should also check information on the relevant pages on the Business School or College website. If your question isn’t answered, please contact the appropriate team below.
General application queries
Deposit and tuition fee invoice queries (including refunds)
To check if your payment has been received
Tuition Fees Team
+44 (0) 20 7594 8011
To check if your documents have been received
Queries regarding your CAS number
+44 (0) 20 7594 7258
Career-related queries from admitted students
+44 (0) 20 7594 9617
Visa and immigration queries
International Student Support
+44 (0) 20 7594 8040
+44 (0) 20 7594 9444
General student information and advice
+44 (0) 20 7594 9444
Advice on budgeting and London living costs
Advice on external scholarships
Student Financial Support
+44 (0) 20 7594 9014
If you’ve submitted your application but haven’t received your CID number
Password or technical issues with your Imperial Gateway account
+44 (0)20 7594 9000
Almost all of the MSc programmes we have available are 12 month, full-time programmes. The only exceptions are our MSc Business Analytics (online delivery, part-time) and MSc Strategic Marketing (online, part-time) programmes, which are available on a part-time basis.
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How to apply
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