Study cover for Actuarial Science
M.Sc. On Campus

Actuarial Science

ISEG - Lisbon School of Economics and Management

18 months
Duration
4666 EUR/year
3666 EUR/year
Unknown
Tuition fee
Unknown
Apply date
Unknown
Start date

About

 Our Masters in Actuarial Science at ISEG - Lisbon School of Economics and Management offers students the chance to get a solid academic foundation in up-to-date actuarial knowledge, statistics and finance, as well as providing them with the skills and background required to become successful actuaries.

Visit the official programme website for more information

Overview

ISEG presents a master’s degree for people who want to make a difference in the insurance world.

We designed our Masters in Actuarial Science at ISEG - Lisbon School of Economics and Management , fully accredited by the UK’s Institute and Faculty of Actuaries and listed by the US’ Society of Actuaries, to cover the new IFoA syllabus, which now has a strong computational component, and complies to a great extent with the core syllabi of the Actuarial Association of Europe and the International Actuarial Association.

Why Master in Actuarial Science @ISEG Lisbon?

  •  Is one of the few non-British programmes fully accredited by the Institute and Faculty of Actuaries (IFoA) in the UK. The new IFoA curriculum has been adopted since school year 2018/2019. The Masters is also on the UCAP list of the Society of Actuaries (SOA) in the USA.
  •  This programme provides in depth coverage of the most up-to-date actuarial knowledge and of the skills that actuaries are required to use. It offers a short route to becoming an actuary after the BSc.
  •  The Masters in Actuarial Science at ISEG  is one of the 50 best Masters in Insurance according to the Eduniversal Best Masters ranking (is currently ranked 13).

Career

There is a regular demand for actuaries all over the world. The main employers of our Master students have been:

  •  insurance companies (life and non-life)
  •  pension fund management societies
  •  consulting companies
  •  control authorities
  •  banks
  •  universities

Several of our students did their Final Mater Work as interns in Autoridade de Supervisão de Seguros e Fundos de Pensões, Liberty Seguros, Companhia de Seguros Allianz Portugal SA, Companhia de Seguros Tranquilidade, Axa Portugal, Fidelidade, Willis Towers Watson, KPMG, Optimind Winter,  Ernst & Young Portugal, Mercer and in Taylor Fry Consulting Company.

Accreditation

accredited by the Institute and Faculty of Actuaries (IFoA) 

Programme Structure

Courses include:

  • Computation Tools for Actuaries
  • Financial Markets and Investments
  • Financial Mathematics
  • Probability and Stochastic Processes
  • Risk Models
  • Generalised Linear Models

Key information

Duration

  • Full-time
    • 18 months

Start dates & application deadlines

More details

The deadline is April 30, but you are advised to apply before February 29, especially if you need a STUDENT VISA.

Language

English
IELTS admission requirements IELTS The International English Language Test System (IELTS) tests your English-language proficiency on a scale of 1 – 9. The score refers to the combined average score of 4 subjects (writing, listening, speaking, and reading).
6.5
Start practicing IELTS today!
TOEFL admission requirements TOEFL® IBT The TOEFL iBT® is given online through the internet at designated testing site. The test measures your English-language abilities in an academic setting. The score refers to the total score of 4 subjects (writing, listening, speaking, and reading), each subject has a range of 0 - 30.
70

Credits

120 ECTS

Delivered

On Campus

Academic requirements

GPA admission requirements GPA Your GPA, or Grade Point Average, is a number that indicates how well or how high you scored in your courses on average. Usually a GPA scales between 1.0 and 4.0, however different countries and universities can have different grading systems.
Upper Second Class

English requirements

IELTS admission requirements IELTS The International English Language Test System (IELTS) tests your English-language proficiency on a scale of 1 – 9. The score refers to the combined average score of 4 subjects (writing, listening, speaking, and reading).
6.5
Start practicing IELTS today!
TOEFL admission requirements TOEFL® IBT The TOEFL iBT® is given online through the internet at designated testing site. The test measures your English-language abilities in an academic setting. The score refers to the total score of 4 subjects (writing, listening, speaking, and reading), each subject has a range of 0 - 30.
70

Other requirements

General requirements

  • The Masters in Actuarial Science requires a solid academic background in Mathematical Analysis and Statistics. This normally implies holding a bachelor’s degree in Mathematics, Mathematics with Economics or Statistics, and some of the bachelor’s degrees in Economics, Finance or Management. 
  • Applicants from other academic disciplines will be considered on a case-by-case basis. Accepted applicants have normally achieved a minimum of 14 out of 20 points in the Portuguese system or a 2:1 honours in the British system (or equivalent, e.g. G.P.A. 3.0). 
  • Candidates are selected according to their BSc grade, their CV details and possibly an interview. If you are in the last year of studies for your BSc, you may apply on the basis of your predicted grade and your application will be considered for a conditional offer.

Tuition Fee

To alway see correct tuition fees
  • International

    4666 EUR/year
    Tuition Fee
    Based on the tuition of 7000 EUR for the full programme during 18 months.
  • EU/EEA

    3666 EUR/year
    Tuition Fee
    Based on the tuition of 5500 EUR for the full programme during 18 months.
  • EU/EEA : 1st year -  €3500, 2nd year - €2000 
  • International: 1st year - €4500, 2nd year - €2500

Living costs for Lisbon

630 - 1123 EUR /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.

Fresh content

Updated in the last 3 months

Check the official programme website for potential updates.

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Actuarial Science
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ISEG - Lisbon School of Economics and Management

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