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Quantitative Methods for Risk Management, M.Sc.

  • Anytime
    Application Deadline
  • 10 months
    Duration
University rank #44 (QS) ,
The Quantitative Methods for Risk Management programme 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 programme is LSE’s timely response to industry’s strong demand in experts with quantitative expertise in risk management, finance, insurance, and their interface.  

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. 

Careers

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 have taken up positions in banks, asset management firms, insurance and reinsurance companies, data analytics companies, consulting firms, and world-wide research institutions. 

Programme Structure

Courses include:

  • Stochastic Processes
  • Statistical Methods for Risk Management
  • Computational Methods in Finance and Insurance
  • Stochastics for Derivatives Modelling

                            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
                            • Languages
                              • English
                            • Delivery mode
                              On Campus

                            English Language Requirements

                            • 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.

                              Schedule IELTS
                            • Minimum required score:

                              100

                              The TOEFL iBT ® measures your English-language abilities in an academic setting. The test has four sections (reading, listening, speaking, and writing), each with a score range of 0-30, for a total score range of 0-120. Read more about TOEFL iBT ®.

                              Schedule TOEFL®
                            • Minimum required score:

                              65

                              PTE Academic (Pearson Test of English Academic) is a language test that enables students to demonstrate their writing, listening, speaking, and reading skills when applying to study in English. Delivered and marked by computer, it reports on a scale between 10 and 90.

                            Academic Requirements

                            You need the following GPA score:

                            Required score: Upper Second Class

                            Applicants for graduate programs must have the equivalent of a bachelor’s degree with a minimum GPA equivalent to Upper Second Class on the UK Honour scale. Admitted applicants typically have an undergraduate GPA of or better on the UK Honour scale. No exam grade should be lower than 4.5 (European grade scale) or D (American grade scale).

                            Your GPA (Grade Point Average) is calculated using the grades that you received in each course, and is determined by the points assigned to each grade (e.g. for the US grading scale from A-F).

                            General Requirements

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

                            Tuition Fee

                            • International

                              28608 GBP/full
                              Tuition Fee
                              Based on the original amount of 28608 GBP for the full programme and a duration of 10 months.
                            • EU/EEA

                              28056 GBP/full
                              Tuition Fee
                              Based on the original amount of 28056 GBP for the full programme and a duration of 10 months.
                            We've labeled the tuition fee that applies to you because we think you are from and prefer over other currencies.

                            Living costs for London

                            • 1137 - 2160 GBP/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.

                            The Global Study Awards: get funded with up to £10,000 to study abroad

                            Together with the ISIC Association and British Council IELTS, Studyportals offers you the chance to receive up to £10000 to expand your horizon and study abroad. We want to ultimately encourage you to study abroad in order to experience and explore new countries, cultures and languages.

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