Quantitative Methods for Risk Management, M.Sc.

  • N/A
    Application Deadline
  • 10 months
    Duration
  • Tuition Fee
    25440 GBP/year
    Tuition fee
    24936 GBP/year
    Tuition fee
  • English
    Language
University rank #25 (WUR) ,
The MSc Quantitative Methods for Risk Management from London School of Economics and Political Science formerly known as MSc Risk and Stochastics - offers in-depth instruction in probabilistic, statistical, and computational methods to quantify risk arising from, but not limited to, economic, financial, and insurance applications.

About

This Quantitative Methods for Risk Management programme from London School of Economics and Political Science will instruct you in theoretical as well as practical aspects of various quantitative methods to measure and mitigate financial and insurance risk. It draws on diverse disciplines, from mathematical finance, actuarial science to statistics and computation. You will work with real financial data to receive hands-on training in real-world problems and case studies. This programme draws on world class research in modern financial and actuarial mathematics and statistics within the Department.

The programme aims to prepare you for a range of expert careers in financial and insurance industries, in regulatory bodies, and in applied and theoretical research.

The programme offers excellent prospects for employment and further study. You can gain employment in the finance or insurance industries, or go on to do a higher degree. Our alumni spread over banks, asset management firms, insurance and reinsurance companies, data analytics companies, consulting firms, and world-wide research institutions.

Students who graduate from this programme are eligible to apply for exemption from the Institute of Actuaries subject 'ST0' on successful completion of the Computational Methods in Finance and Insurance project.

Programme Structure

Courses Included:

  • Stochastic Processes
  • Statistical Methods for Risk Management
  • Computational Methods in Finance and Insurance
  • Stochastics for Derivatives Modelling
  • Recent Developments in Finance and Insurance
  • Probability and Measure
  • The Foundations of Interest Rate and Credit Risk Theory
  • Quantifying Risk Modelling and Alternative Markets
  • Time Series
  • Applied Stochastic Processes
  • Advanced Probability Theory
  • Financial Statistics
  • Introduction to Markov Processes and Their Applications
  • Machine Learning and Data Mining
  • Insurance Risk

                            Detailed Programme Facts

                            • Programme intensity

                              You can choose to do this programme part-time or full-time.

                              Full-time
                              • Full-time duration 10 months
                              Part-time
                              • Average part-time duration 22 months
                              • Intensity Flexible
                            • Credits
                              90 ECTS
                            • Languages
                              • English
                            • Delivery mode
                              On Campus
                            Check if you match the admission requirements

                            English Language Requirements

                            You only need to take one of these language tests:

                            • Minimum required score:

                              7

                              The IELTS – or the International English Language Test System – tests your English-language abilities (writing, listening, speaking, and reading) on a scale of 1.00–9.00. The minimum IELTS score requirement refers to which Overall Band Score you received, which is your combined average score. Read more about IELTS.

                              StudyPortals Tip: The UK government has confirmed new English-language testing requirements for visa and immigration purposes. Learn more

                            • Minimum required score (Grade B):

                              193

                              The CAE test – or the Cambridge Advanced English – is an exam for applicants who wish to get a Certificate in Advanced English. To receive the Advanced certificate, test-takers must score between 142 and 210 on the Cambridge English: Advanced test. Read more about CAE.

                              Note: degree programmes and applications may require a more specific minimum score for admission.

                            • Minimum required score:

                              107

                              The TOEFL – or Test Of English as a Foreign Language – offers an internet-based test (iBT). The final, overall iBT score ranges between 0 and 120, and includes a scaled average from the four components (reading, listening, speaking, and writing). Read more about TOEFL (iBT).

                            Academic Requirements

                            • Minimum entry requirement: 2:1 degree or equivalent in actuarial science, mathematics, statistics, or mathematical economics/finance

                            Documents Required:

                            • Application form
                            • Application assessment fee
                            • Two academic references
                            • Transcripts/mark sheets and proof of existing qualifications
                            • Personal statement
                            • CV
                            • Graduate Record Examination (GRE) general test and Graduate Management Admissions Test (GMAT)

                            Tuition Fee

                            • International

                              25440 GBP/year
                              Tuition Fee
                              Based on the original amount of 25440 GBP per year and a duration of 10 months.
                            • EU/EEA

                              24936 GBP/year
                              Tuition Fee
                              Based on the original amount of 24936 GBP per year and a duration of 10 months.

                            Living costs for London

                            684 - 830 /month
                            Living Costs

                            The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.

                            Funding


                            StudyPortals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.