The London School of Economics, also known as London School of Economics and Political Science or simply LSE, is considered as a public research university. This is situated in London, England. The government regards the university as a constituent college under London’s federal university. The Fabian Society members founded this institution in 1895. Some of the members include George Bernard Shaw, Graham Wallas, Beatrice Webb, First Baron Passfield, and Sidney Webb.
In 1900, LSE joined University of London to help further improve the status of society. It was two years later that they first issued the degrees to their students. Despite its current name, this institution conducts research and teaching across a wide range of social sciences and legal studies in at least 26 institutes or departments. Some of these institutes and departments include international history, public affairs, human geography, media, statistics, and mathematics. This is also recognized as a part of various leading social science universities not just in its immediate area but also among the social science institutions in the world.
LSE is currently situated in Central London. This is located along the boundary found between Holborn and Covent Garden. Historically, the general area is also known as the Clare Market. It houses more than 3,000 staff and 10,600 students. It also has a total income of approximately £299.6 million in 2014 and 2015. Out of this given fund, £27.1 million came from the research grants.
Among the student body of LSE, about 150 nationalities are represented. In line with this, the institution boasts of the highest percentages of international students out of all of the British universities out there. Specifically, there 70 percent of the international students in the area is attending this university. In relation to this, it is ranked as the second among the international universities, as far as proportion of international students is concerned. Currently, this is organized to 25 research centres and many constituent academic departments. LSE also forms a major part of academic golden triangle for greatly research intensive English universities.
Among the national top universities, this institution has been consistently ranked as one of the best. This is also applicable in the international setting. According to a recent Research Excellence Framework published just a couple of years ago, LSE has the highest known proportion of world class research among all of the British universities. This year, the QS World University Rankings placed the university as the 8th among the world’s best learning institutions. This is applicable for 12 out of 14 subjects. Additionally, the university’s graduates are undoubtedly the most employed by most of the international employers. They currently rank as one of the top five universities for the last five years.
This university has already produced numerous notable alumni in various fields like politics, philosophy, economics, media, literature, business, history, and law. About 45 current and past prime ministers and presidents have taught or attended the university as a student. Furthermore, around 46 members of the House of Lords and about 28 members of the House of Commons are just some of these people. Approximately 26 percent or 12 out of 46 Nobel Prize recipients in Economics are awarded to LSE former staff, current staff, and alumni. Out of the European universities, this has produced the most number of billionaires. This is according to the 2014 global census for the dollar billionaires.