<p>I'm a yank living in England so I'm pretty familiar w/ both systems</p>
<p>Basically, LSE is right below Oxbridge (Oxford and Cambridge) in the prestige levels, making it comparable to a Williams or a Dartmouth in the US if you are comparing the systems directly, its just below the uber-prestige HPYS levels. However, if you got accepted into a school like Williams as well as LSE, I would STRONGLY recommend going to Williams. </p>
<p>The reason? The standards of English university-level education are far below American standards, mostly due to a lack of funding. Places like LSE are very run down and quite understaffed, as American schools can afford to pay the bright English professors more money and give them more research grants. Even Oxbrige is really just getting by on reputation nowadays, and I would rank it about equal to USC or maybe even NYU in real terms on all levels except student intelligence - there can be no denial that all top level English schools do really attract some very smart kids. </p>
<p>The hardest thing you are going to have to get your head around if you want to go to LSE (or any English school) is that your major is essentially the only class you can do. If you are truly passionate about economics or international relations (and only one of them, there is VERY limited interaction between them and you can not attend classes for both) then you might thrive there. This one-area focus does mean that it is one of the best places for studying that specific course in the world - but not for the broader college experience. </p>
<p>As for job opportunities - I am not sure that it would help overly much with your average US employer as it is largely unrecognised in the US. However, it does provide great opportunities into getting into the financial field in England, which ain't nothing. Large global firms do recognise LSE as well (but again, I wouldn't say an LSE degree would outweigh a USC degree). </p>
<p>As for competition, I think you have a real shot if you are a competitive student in the US as long as you are willing to pay the heavily increased foreign fees, as that is how English schools make a lot of their money (domestic fees are legally required to be very small and do not cover costs). You must show real talent and interest in the field you are going to study though (e.g. economics or IR). </p>
<p>So basically, I would only go to LSE if I were you if I:</p>
<p>Loved London (it is a really, really cool city)
Wanted to get into English/European finance
Really want to learn a specific course (Only worth doing it at LSE for economics, IR, select other social sciences)
Couldn't afford elite American schools (Even with foreign fees, I think LSE is a bit cheaper than elite US schools and of course it is only a 3 year program)</p>
<p>Hope I've helped... best of luck</p>