Highlights
Tuition fee
4250 EUR / year
2750 EUR / year
Unknown
Tuition fee
4250 EUR / year
2750 EUR / year
Unknown
Duration
24 months
Duration
24 months
Apply date
Unknown
Apply date
Unknown
Start date
Unknown
Start date
Unknown
Campus location
Lisbon, Portugal
Campus location
Lisbon, Portugal
Taught in
English
Taught in
English

About

This Actuarial Science programme from ISEG - Lisbon School of Economics and Management offers students the chance to gain a solid academic foundation in up-to-date actuarial knowledge, statistics and finance, providing them with the skills and background required to become successful actuaries.

Visit programme website for more information

Overview

This Actuarial Science programme from ISEG - Lisbon School of Economics and Management  covers the core syllabi of the Actuarial Association of Europe and the International Actuarial Association, with a fee minor exceptions, related to concepts that must be covered by the professional association.

Key facts

  • The Masters in Actuarial Science requires a solid academic background in Mathematical Analysis, Probability and Statistics. 
  • This typically implies holding a bachelor's degree, either national or foreign, in Mathematics, Mathematics with Economics, Statistics or some of the bachelor's degrees in Economics, Finance or Management.
  • It’s 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 the 2018/19 school year. The master’s is also on the UCAP list of the Society of Actuaries (SOA) in the USA.
  • ISEG has a group of lecturers whose achievements in international research are on a par with the best international schools of Actuarial Science. Some of them are practitioner actuaries. Our academic staff is dedicated and always willing to support and advise students.

Accreditation

  • Fully accredited by the UK's Institute and Faculty of Actuaries (IFoA) and listed by the US Society of Actuaries SoA)

Programme Structure

Courses include:

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

Key information

Duration

  • Full-time
    • 24 months

Start dates & application deadlines

Language

English
TOEFL® IBT
OR
70
IELTS
6.5

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Credits

120 ECTS

Delivered

On Campus

Campus Location

  • Lisbon, Portugal

What students do after studying

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Academic requirements

GPA admission requirements GPA
Lower Second Class

English requirements

TOEFL® IBT
OR
70
IELTS
6.5

IELTS & PTE Test Preparation

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  • Study on your own schedule
  • Live classes with current and ex-examiners
  • Accurate score assesment, always
  • E2 Score Guarantee - Get your score or your money back!

Other requirements

General requirements

Application Documents

  • Certificate of the undergraduate degree
  • Academic Transcript
  • Curriculum vitae
  • Motivation Letter
  • English Diploma (optional)
  • Reference Letter (optional)

Candidates are:

  • The Masters in Actuarial Science requires a solid academic background in Mathematical Analysis, Probability and Statistics. 
  • This normally implies holding a bachelor's degree, either national or foreign institutions, in Mathematics, Mathematics with Economics, Statistics or some of the bachelor's degrees in Economics, Finance or Management. Applicants from other fields will be considered on a case-by-case basis.
  • Those students who have not yet completed the 1st Study Cycle (Bachelors) are eligible to apply conditionally, provided that they satisfy the conditions for obtaining the degree by the end of September (of the same academic year as their application).

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Remember, countries and universities may have specific insurance requirements. To learn more about how student insurance work at ISEG - Lisbon School of Economics and Management and/or in Portugal, please visit Student Insurance Portal.

Tuition Fees

Tuition fees are shown in and the most likely applicable fee is shown based on your nationality.
  • International

    Non-residents
    4250 EUR / year
    ≈ 4250 EUR / year
  • EU/EEA

    EU/EEA Nationals
    2750 EUR / year
    ≈ 2750 EUR / year

Additional Details

  • EU/EEA : 1st year -  €3,500, 2nd year - €2,000 
  • International: 1st year - €5,000, 2nd year - €3,500

Living costs

Lisbon

Portugal
630 - 1123 EUR / month

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

Funding

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Scholarships Information

Below you will find Master's scholarship opportunities for Actuarial Science.

Available Scholarships

You are eligible to apply for these scholarships but a selection process will still be applied by the provider.

Independent provider
Grant
Various benefits
Deadline
Anytime
Summer courses of Lectures for Institutes of Languages from the University
Merit-based

Read more about eligibility

OeAD, Austria's Agency for Education and Internationalisation
Location not available
Independent provider
Grant
1000 USD
Deadline
30 Nov 2026
ServiceScape Scholarship

Read more about eligibility

ServiceScape
Location not available
Independent provider
Grant
3500 USD
Deadline
15 Nov 2026
ACES Scholarships

Read more about eligibility

ACES Education Fund
Location not available
Independent provider
Grant
Various benefits
Deadline
Not specified
Erasmus+ - Grants for study mobility
Merit-based

Read more about eligibility

OeAD, Austria's Agency for Education and Internationalisation
Location not available
Independent provider
Grant
Various benefits
Deadline
Not specified
Queen Elizabeth Commonwealth Scholarships

Read more about eligibility

ACU (The Association of Commonweath Universities)
Location not available
Independent provider
Grant
1000 USD
Deadline
06 Jan 2027
Jewish Heritage Scholarship
Merit-based

Read more about eligibility

Diamant Gerstein
Location not available
Independent provider
Grant
1000 USD
Deadline
01 Mar 2027
Voice Talent Online Scholarship

Read more about eligibility

Voice Talent Online
Location not available
Independent provider
Grant
500 USD
Deadline
31 Oct 2026
CryptoRunner Scholarship

Read more about eligibility

CryptoRunner
Location not available
Independent provider
Grant
1000 USD
Deadline
31 Oct 2026
$1,500 Annual Video Contest Scholarship
Merit-based

Read more about eligibility

IvyPanda
Location not available
Independent provider
Grant
5000 CAD
Deadline
31 Dec 2026
Pinsky Law New Venture Development Scholarship
Merit-based

Read more about eligibility

Pinsky Law
Location not available
Independent provider
Grant
1000 USD
Deadline
13 Jan 2027
Dream Chaser Scholarship
Merit-based

Read more about eligibility

Salvado Law
Location not available
Independent provider
Grant
3000 USD
Deadline
31 Dec 2026
Scholarship for students with disabilities
Need-based

Read more about eligibility

Anonymous Hope Fund
Location not available
Independent provider
Grant
1500 USD
Deadline
Not specified
The Annual IELTS from 6 to 9 Scholarship

Read more about eligibility

IELTS from 6 to 9
Location not available
Independent provider
Grant
Various benefits
Deadline
Not specified
Erasmus Mundus Joint Masters scholarships

Read more about eligibility

European Commission
Location not available
Independent provider
Grant
965 USD
Deadline
Anytime
Dr. Martin Blank – SYB Scholarship
Merit-based

Read more about eligibility

Shield Your Body
Location not available
Independent provider
Grant
12000 USD
Deadline
11 Jan 2027
Tobacco Harm Reduction Scholarship Programme

Read more about eligibility

The Tobacco Harm Reduction Scholarship Programme
Location not available

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