Placements
Get support from your dedicated Placements and Internships Team in the Management School.
Placements give you the chance to gain work experience and become more employable.
Our degrees with a placement year take four years and you complete your placement in your third year.
Placement definition accordion
A placement is a period of professional-level work experience that is normally 10 to 12 months long and forms part of your overall degree.
Benefits of a placement
What students get from their placements:
Experience
There's no experience like industry experience. Impress future employers with your CV.
Academic performance
Improving your skills and knowledge on placement could help you earn a higher degree grade.
Career insight
Try working in an industry before you decide if it's right for you.
How much you could be paid
£21,000 was the average placement salary in 2021/22.
The pay you receive varies and depends on the organisation and role you are employed in.
If you take a placement we recommend to you, you'll earn a salary for your placement. We only promote paid placements to our students.
Placement year fees
You pay 20% of your annual tuition fee for the year you are on placement.
You remain a student throughout the year and have access to all the resources and support of the university. You are entitled to apply for student loans as in any other year and will also continue to receive any bursary you have been awarded.
Caitlin's experience
Caitlin spent her placement year at Adobe.
“I worked in the marketing sector of Adobe on the Creative Cloud side of the business.
You get to learn things that you wouldn’t have learned in your course, things that you can’t learn in a classroom.”
Where you can do your placement
Along with Adobe, our students have completed placements at organisations such as L’Oreal, IBM, Body Shop, The Walt Disney Company, Deloitte, Unilever, Intel, Renault, Tesco, Rolls Royce, Ernst & Young, and Lloyds Banking Group.
Your options for where you can do your placement include:
- Large well-known organisations
- Small and medium-sized enterprises
You are also encouraged to create your own opportunity with support from our team. Past students have created placement opportunities for themselves in:
- Charities
- Hospitality
- Education
- Retail
Doing a placement overseas accordion
Yes, if you do the appropriate research. You will be responsible for finding out whether you have a right to work in any country where you are considering completing a placement. You need to check if you are eligible for a Visa. For more information, visit Prospect's page about working abroad.
Support from us
How to get a placement
It would be your responsibility as a student to secure a placement. We support you by:
- Updating you about placement positions
- Inviting you to bespoke events for students who intend to take a placement year
- Giving you one-to-one career coaching
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A careers coach talking with a student
Support every year
We support you through every year of your degree.
Year 1
- 'Preparation for Placement' module
- Insight from fourth-year placement students, alumni and employers
- Mock interview and assessment centre
Year 2
- Regular placements newsletter promoting opportunities, including exclusive opportunities created especially for LUMS students
- Workshops and bespoke events, including Placement Peer Panels, networking and skills workshops
- One-to-one guidance appointments and drop-in sessions
- Employability module focused on helping you assess your skills and career development
Year 3
- Continuous support and monitoring from our Placements and Internships Team while you are on placement
Year 4
- Celebration event as you return to the University
- The flagship Placement Student of the Year awards, judged by a panel of employers and industry experts
Lancaster gives you so much support when you’re applying for a placement.
List of degrees with a placement year
Selected entry year
- Accounting and Finance (Industry) : BSc Hons : N401
- Accounting and Management (Industry) : BSc Hons : NN25
- Accounting, Finance and Mathematics (Industry) : BSc Hons : NG42
- Business Analytics (Industry) : BSc Hons : N1N3
- Business Economics (Industry) : BSc Hons : 4V11
- Business Management (Entrepreneurship) (Industry) : BSc Hons : N2N2
- Business Management (Industry) : BSc Hons : N104
- Economics (Industry) : BA Hons : L111
- Economics (Industry) : BSc Hons : L105
- Economics and Finance (Industry) : BSc Hons : NL32
- Economics and Mathematics (Industry) : BSc Hons : GL12
- Economics, Politics and International Relations (Industry) : BA Hons : LL20
- Finance (Industry) : BSc Hons : N301
- International Management (Industry) : BSc Hons : N124
- Management and Human Resources (Industry) : BSc Hons : N602
- Management and Information Technology (Industry) : BSc Hons : GN52
- Management, Politics and International Relations (Industry) : BSc Hons : N230
- Marketing Management : BSc Hons : N503
- Mathematics, Operational Research, Statistics and Economics (MORSE) (Industry) : BSc Hons : GLN1
Switching to a placement degree and what happens if you decide not to take a placement accordion
Yes. You can switch in your first term at university. We offer a ‘Transfer to Placement’ presentation during the first term which gives information about how to do this.
If you decide not to take a placement or you don't find a placement you are satisfied with, then you will be transferred to the standard variant of your degree. For example, if you enrol in BSc Accounting and Finance (Industry) and you later decide not to take a placement, you will be transferred by default to BSc Accounting and Finance.
Contact
Contact the Lancaster University Management School Placements and Internships Team at lumsplacements@lancaster.ac.uk
Related content
Current student? Visit Careers Connect where you can book events about LUMS placements and appointments with careers advisors.