Actuarial Science London School of Economics and Political Science

Overview

The Actuarial Science programme at the London School of Economics and Political Science offers a rigorous academic foundation in the application of mathematical and statistical methods to risk assessment. Students engage with a multidisciplinary curriculum that integrates finance, economics, and social sciences to address complex challenges in insurance and commerce. This degree provides the intellectual tools necessary for informed decision-making in various professional and managerial contexts.

The course is designed for individuals with exceptional mathematical aptitude who wish to explore the ethical and societal dimensions of the actuarial profession.

Why Actuarial Science at the London School of Economics and Political Science?

The Department of Statistics is one of the most distinguished in the United Kingdom, boasting a long history of pioneering contributions to the field. Students benefit from an innovative curriculum delivered by world-leading experts whose research spans data science, probability, and social statistics. The programme is accredited by the Institute and Faculty of Actuaries, allowing students to gain exemptions from several professional examinations.

Furthermore, the university's central London location provides unparalleled access to global financial institutions and specialist consultancies. The department maintains close links with the Data Science Institute, fostering an interdisciplinary environment that enhances the learning experience. Students are supported by dedicated career services and have the opportunity to engage with a vibrant community of staff and alumni who are leaders in their respective industries.

Tuition Fee Breakdown

• International fee: GBP 30700 per year
• National fee: GBP 9535 per year

Visit the Fees and Funding section for a breakdown in your local currency.

Syllabus

The curriculum is structured to build core competencies in the first year before moving into specialised actuarial topics. Modules may include:

• Statistical Theory
• Mathematical Methods
• Microeconomics
• Macroeconomics
• Probability and Distribution Theory
• Statistical Inference
• Mathematics for Finance and Investment
• Survival Models
• Stochastic Processes

Careers with Actuarial Science

Graduates are highly sought after by a wide range of financial services organisations, including life and general insurance companies. Many alumni secure roles in investment banking, accounting firms, and specialist actuarial consultancies. The quantitative expertise gained during the programme also opens doors to careers in data analytics, the civil service, and management consultancy.

Common graduate destinations include major sectors such as financial and professional services, insurance, and digital technology. The university provides extensive career support, including CV workshops and networking events with top UK employers. This comprehensive preparation ensures that graduates are well-equipped to enter high-earning roles or pursue further postgraduate research in statistics and finance.