Is MSc Economics & Strategy for Business right for me?
MSc Economics & Strategy for Business is an intensive and demanding programme for students with an excellent undergraduate degree who wish to launch a career in consulting and finance.
We are looking for candidates with previous experience of Economics topics at degree level and good quantitative skills, in addition to excellent communication, problem solving and teamwork skills, to become part of a dynamic, high-calibre cohort.
MSc Economics & Strategy for Business is designed for new and recent graduates. Candidates with more than three years’ work experience will be considered on a case-by-case basis.
Admission to the MSc Economics & Strategy for Business programme is very competitive and the selection committee will pay close attention to all aspects of your application.
The entry requirements for MSc Economics & Strategy for Business are as follows:
To apply for MSc Economics & Strategy for Business you should have a First or Upper Second Class Honours undergraduate degree from a recognised university or the international equivalent in a discipline such as:
Your degree should include at least introductory courses in micro- and macro-economics, and at least basic knowledge of quantitative topics – in particular calculus, statistics and linear algebra.
If the module titles on your degree transcripts do not make it clear that the course content included micro and macro-economics or quantitative topics, please include details of the syllabus when you submit your application. You should use the ‘Quantitative Experience Statement’ on the application form to list the most advanced quantitative courses that you have taken in your academic career to date and to provide brief examples of the relevant topics covered by the programme.
Whilst there are no specific ‘A’ Level criteria for admission to MSc Economics & Strategy for Business, you should be aware that some companies have very strict grade requirements for their graduate programmes. Therefore, we strongly recommend that when you are considering your career options, you research the entry requirements of any companies you are interested in working for.
GMAT is not required for MSc Economics & Strategy for Business, but a well-balanced GMAT result with 650 or higher overall and a good result in the quantitative reasoning section will add weight to your application. GMAT is highly recommended for candidates from less quantitative degree backgrounds. The current class average from students who have taken GMAT is 710.
Career planning questions
You should demonstrate well researched career goals and a clear understanding of the business sector and the skills that employers are looking for, such as teamwork, problem-solving, leadership and communication, through your answers to the Career Planning Questions in the application form.
In the career planning questions you will need to show you have thought about the type of employer you want to work for immediately after graduating and have researched your target organisation(s) and role. You will also need to demonstrate you have the necessary skills and experience to succeed in your chosen role. If planning to set up your own business, you will need to outline what expertise or product your business will deliver and that you have researched the market. Whilst we want our students to hit the ground running, we understand that you will also be looking to develop gaps in your skill set to prepare for your chosen career and you will need to address this in the career planning questions.
Work experience and internships
Work experience is not a requirement, although undertaking relevant internships and work placements and listing them in the ‘Industrial/Professional Experience’ section of your application form will add weight to your application.
MSc Economics & Strategy for Business is designed for new and recent graduates. Candidates with more than three years’ work experience will be considered on a case-by-case basis, and may wish to consider applying for the Imperial MBA programme. The MBA provides a good foundation in the fundamental areas of business and a portfolio of electives, including courses in Economics, Business and Strategy.
English language requirement
All programmes at Imperial College Business School are linguistically demanding, and therefore strong English language skills are critical to academic success on your MSc and in your future career. The English language entry requirements listed here are the minimum scores needed for admission, successful students typically demonstrate higher levels of achievement.
Candidates who are required to take an English test to meet the language requirement are strongly encouraged to take this before applying and supply their scores as part of the online application. A strong result in an approved English language test will add weight to your application.
Most applicants meet the requirement in one of the following ways:
- IELTS (academic): A minimum score of 7.0 with minimum scores of 6.5 in all elements. The IELTS indicator test will be accepted for admissions to the 2020/21 academic year.
- TOEFL iBT: A minimum score of 100 overall with minimum scores of 22 in all elements. The ETS at Home test will be accepted for admission to the 2020/21 academic year.
- Duolingo English Test: 125 Overall with no less than 115 in any band score.
- Degree studied in and awarded by an English-speaking country AND English language assessed to be proficient via Kira Talent video interview.
- IELTS, TOEFL and Duolingo scores are only valid if they are less than two years old on the programme start date.
- TOEFL: You must meet the entry requirement in one test from your scaled scores (‘My Best Scores’ reported by TOEFL will not be considered). For more information regarding TOEFL please visit the ETS website. Please note if you would like ETS to send your TOEFL scores directly to the College, our TOEFL Institution Code is 0891.
- The College defines English-speaking countries as: Australia, Canada, Guyana, Ireland, New Zealand, South Africa, United Kingdom, United States of America and West Indies. Holders of degrees from any other countries would not be considered for an interview.