Median graduate salary at the LSE
From my findings on their website, graduates from the department of mathematics have the highest median salary at around 55k. This is around 10k more than economics and 25k more than accounting/finance.
Why is there such a disparity? Considering LSE is not well none for its maths at all, and is much more 'respected' for economics/finance, I find the results highly surprising. I get laughed at when I say I picked them over Warwick to study Maths.
Especially when considering the fact that a higher proportion of econ/finance students are gung-ho on IB compared to maths (I would assume?), these results seem super off to me.
Not complaining at all, just curious.
There is no way the median salary is $30K PS for LSE finance grads. That's only $37K USD. I can't imagine how someone is supposed to get by in London on that.
https://www.lse.ac.uk/study-at-lse/Undergraduate/degree-programmes-2024…
Under "careers" (just to prove I'm not lying).
I would argue £31,000 is definitely enough to live off of (especially if there is a bonus involved), but I'm more surprised that one of the most 'target' courses at the most statistically 'target' uni in the UK has such a comparatively low starting salary.
I mean, I'm on a gap year internship at the moment pulling in £25k pre-tax (bonus incl) for perspective.
PERHAPS, there is a higher proportion of internationals doing this course who move back to the US/Europe (I mean, finance bros are the biggest bag chasers right?) and are therefore not included in the survey.
Wow dude you're right. It still sounds low to me, that's tough.
Imagine going into debt for all the money it costs to attend uni and you end up with a job paying <$40k... my god I would be fuming, what a scam.
I suppose long term it’s still the best option. Unless you know specifically what you want to do (and can find an apprenticeship or something), there isn’t really much else.
Just think how rough it must be for non-LSE grads.
Most people start off on less than 30k in London. Myself included. It's bad tbh, but you make it work. Find a room for less than £900 pm hopefully or live with family which some people have the option of . You'll just about get by. Most young people are fairly broke.Honestly, people in many careers will never even touch £50k, so that's all you've got. Finance, tech, law or bust pretty much.
I don't think many people report their actual salary (unless that isn't how universities calculate the average). My thought is that the only the pool of individuals that report salaries to their alma mater are those that don't make much (seeking career help/upset) or those looking to brag.
As for why it is that low, not really sure. Maybe because mathematics graduates go work in academia? Many market makers/quant funds in london that hire math grads and pay 250 out of the gate - so one can only wonder where they go.
1. Key reason: they only ask for and report on base salary. IB (so finance/econ grads) can have a bonus as half of total comp or more, base salary doesn't seem impressive alone
2. Math grads go into quant roles which are very high base and also high total comp. These are few and far between but very high paying
I suppose finance is also more all or nothing too. If you aren’t working in a bank/big 4 (even big 4 can he rough), there isn’t much else, whereas Maths grads have tech, HFs, academia, more further education choices etc
This is median salary I wouldn't have thought that a very small number (10? probably fewer?) of high base quant trading/research roles would affect this?
That's UK guys. Unless you're in ib or investments or big law, for most other jobs salaries are appalling
The most common destination for LSE grads is Big 4 + Accenture (this data is on their website somewhere), where salaries start at ~£30k.
Similar story for other top UK targets like Oxbridge, UCL, etc. I attended one of these and there were many students from Statistics, Finance, Law etc. who were very excited to be starting their careers in EY Audit.
The UK economy is weak overall and there just aren’t many good jobs outside of IB/PE and Law.
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