Placement year

Finishing university with one year's experience already can substantially improve your employability. A year of placement in industry is compulsory for Business Economics, and is an option for Economics students. The School has strong links with many employers and each year helps over 200 LUMS students to find suitable placements. Typically these are with large companies, like Lloyd’s, Rolls-Royce, Reebok and Fujitsu.

Students in these four-year degrees spend one year in approved employment between the second and last year of their degree.

Placement in industry can be tremendously beneficial: it allows you to see the relevance of what you have studied in a practical context and also enriches your final-year studies. Such experience greatly enhances your employment prospects, and helps you to decide the type of career to pursue and the type of organisation in which you wish to work. Almost all of our graduates from these type of degrees found a graduate job within six months of graduation, often at the same company where they did the placement.

Whatever your role and whoever your employer, you will be doing a real, responsible job. You will be paid a salary and will be expected to earn it. But you will also remain a LUMS student and will be allocated a member of LUMS academic staff as supervisor both for the placement and for the final-year dissertation related to the placement.

We help you as much as we can to secure a placement which really suits you. However, the final decision is made by you and the organisation concerned.

Lancaster University Management School has over a thousand organisational contacts throughout the UK. Those with whom we have recently placed students include Accenture, Amadeus, Barclaycard, Boots, British Airways, BAE Systems, BMW, Central Government, Fujitsu, GE, HSBC, IBM, KPMG, Marks and Spencer, Nestlé, the NHS, the Post Office, Reebok, Reuters, Warburtons, Warner Bros, and many others – including smaller and more local companies. They cover all business sectors in all parts of the UK, as well as a small number of foreign opportunities.