Receive relevant New and Updated programmes: Personal Updates !
|Tuition fee:|| |
|Start date:||September 2013|
|Credits:|| 90 ECTS |
|Duration full-time:||10 months|
|Delivery mode:||On Campus|
|Educational variant:||Part-time, Full-time|
This programme is based in the Department of Statistics. It provides high level training in probability theory and statistics for random processes with applications in the areas of insurance and finance and their interface. It includes a comprehensive and unified approach to all quantitative aspects of modern actuarial science. Students receive rigorous training in mathematics and scientific computation and are introduced to a range of schemes for risk transfer, sufficiently broad to equip them for highly specialised work in insurance, pensions, investment, and banking and for independent research in these areas.
Benefits of the programme include:
* Studying in a department with an international reputation for teaching and research in modern actuarial science and mathematical finance.
* The opportunity to study related subjects taught by other departments in the School.
* Excellent prospects for employment and further study. Students can gain employment in the finance or insurance industries. They can also go on to do a higher degree.
* The opportunity to live in one of the great financial capitals of the world.
* Joining a department with good relations with the financial services industry, particularly insurance and professional bodies.
(* half unit)
* Stochastic Processes*
* Insurance Mathematics
* Stochastic Finance
* Computational Methods in Finance and Insurance*
Choose two from:
* Quantitative Methods for Finance and Risk Analysis*
* Continuous Time Optimisation*
* Probability and Measure*
* The Mathematics of the Black and Scholes Theory*
* The Foundations of Interest Rate, Foreign Exchange, and Credit Risk Theory*
* Time Series*
* Advanced Probability Theory*
Minimum entry requirement: 2:1 in actuarial science, statistics, mathematical economics or mathematics.
The programme is mathematically advanced and suitable candidates will normally hold a good BSc degree in actuarial science, statistics, mathematical economics or mathematics. This should include training in analysis and linear algebra, with rigorous proofs, and probability theory at the level of our third year undergraduate course Stochastic Processes.
* TOEFL (Test of English as a Foreign Language) with a minimum score of 603 in the paper test or 100 in the internet based test. For full information on TOEFL and testing centres worldwide, please see * IELTS (International English Language Testing System) with a minimum score of 6.5. For full details about the British Council's English tests, please see
|CAE score:||80(Grade C)|
|TOEFL paper-based test score:||603|
|TOEFL internet-based test score:||100|
Fee reductions and rewards
LSE undergraduates starting taught postgraduate study at the School are eligible for a fee reduction in the region of ten per cent of the fee. These reductions are available for UK, EU and non-EU students. The School offers a range of rewards for early payment of fees for all self-financed students.
Scholarships for study at LSE
LSE makes available over £12 million annually in financial support for its students via a range of scholarships, bursaries and award schemes, details of which can be found on these pages. LSE's world class programmes attract a consistently high calibre of applicants, many of whom seek financial support from the School, so there is always much competition for our awards. Securing the necessary funds to attend LSE can be a difficult and time consuming process so you should start to think about it as early as possible. Please be aware that the School will be unable to offer you any financial assistance if you knowingly register under funded. The relevant link on the left will take you to the awards available for your chosen level of study.
The School would like to thank the many donors who have contributed to the New Futures Fund, which provides funds for a number of discretionary scholarships.
Diploma, LLM, MA, MSc and MSc (Research) programmes
There are a range of awards available for study at this level. Approximately 19% of taught masters offer holders are successful in obtaining some form of financial support from the School. The value of support ranges in value from 10% of the tuition fee to a full fees and maintenance award.
Graduate Support Scheme
LSE's major financial support scheme for study at taught masters level is the Graduate Support Scheme (GSS). This scheme is open to all applicants, with the exception of those undertaking specific modular or executive programmes such as the MSc in Finance (Part time) or the MSc in Health Economics, Policy and Management. Around £2 million is available annually in the form of awards from the Graduate Support Scheme. The Scheme is designed to help students who do not have sufficient funds to meet all their costs of study. GSS awards range in value from £3,000 to a maximum of £10,000, and have an average value of £6,000. Application to the Graduate Support Scheme is via the LSE Graduate Financial Support Application form. This form will be made available to you once you have submitted an application for admission to the School. The form will then be available until 27 April 2011.
If you complete the LSE Graduate Financial Support Application form, and are made an offer of admission by 27 April 2011, you will also be automatically considered for any other awards being offered by LSE, for which you are eligible, with the exception of Arts and Humanities Research Council (AHRC) and Economic and Social Research Council (ESRC) funding where there are separate, department led processes in place. AHRC and ESRC funding is relevant to Home UK and Home EU applicants only, and there are also subject restrictions in place. We offer a range of awards based on different criteria such as a specific programme of study, nationality, or country of permanent domicile. In addition, a number of external organisations offer funding to support postgraduate study. We recommend that applicants follow up as many avenues as possible to find funding. Please be aware that if you accept funding from an external source, it is your responsibility to check the terms of the award. Some awards are accompanied by specific terms and conditions which you should be sure you able to meet before accepting the award. Information about other Awards offered by LSE or external organisations. Please take some time to look at all the other awards available to support your study at LSE. The details of these awards are updated each October, but new LSE awards may become available during the course of the admissions cycle. We will only write to successful applicants for these awards. Selection for these awards will take place between May and July 2011 and all successful applicants will be notified by 31 July 2011.
You are normally required to take an English Proficiency Test.
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