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MSc Risk and Stochastics

Course Description

About the MSc programme

The MSc in Risk and Stochastics offers in-depth instruction in advanced mathematical risk theory and its ramifications in finance, insurance, and risk management. It draws on world-class research in modern financial and actuarial mathematics within the Department. The programme is LSE’s timely response to the strong developments in the interface of finance and insurance, which is manifest in mergers across the industries.

It will provide you with instruction in theoretical as well as practical aspects of various techniques in risk management. It draws on diverse quantitative disciplines from mathematical finance and actuarial science to statistics. Students work with real financial data to receive hands-on training in real-world problems. You can expect high-level training in quantitative methods with applications in the management of financial and insurance risk and the interplay between finance and insurance sectors.

The programme aims to prepare candidates for a range of expert careers in financial and insurance industries, in regulatory bodies, and in applied and theoretical research.

Graduate destinations

The programme offers 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 Department has good relations with the financial services industry, particularly insurance and professional bodies.

Visit the MSc Risk and Stochastics page on the London School of Economics and Political Science website for more details!

(Student Profile)

Reine El Bitar

1847.jpg Studying at LSE has helped me to expand both my personal and intellectual horizons. LSE is a small international community that offers the facilities for everyone to find and share their interests. The MSc Risk and Stochastics is a good vehicle for people who come from quantitative backgrounds and want to work in the financial or insurance industries. After obtaining a BSc in Mathematics, I needed to know how the theories apply in reality. This MSc, with its broad agenda that covers most of the maths and statistics that are crucial for a professional who works in the markets to understand, was just what I needed. LSE has an extraordinary market reputation that makes any ambitious student want to join it. I applied to LSE because I knew it would provide me with a solid background and increase my chances in launching a high calibre professional career. I especially enjoy the public lectures, careers events and conferences where you get to meet the most interesting people from all over the world, listen to their speeches and learn from their experiences.

(Student Profile)

Nina Lange

1848.jpg I wanted to study in London, because it is one of the world's financial capitals. LSE has by far the best reputation and the Risk & Stochastics programme sounded attractive. I like that the MSc is a 'programme' – everything is connected and we get a wide knowledge about different aspects of finance and their connection to insurance. I also enjoy the theoretical approach to finance that the Statistics department gives.

In my programme I feel that the teachers genuinely respect, know and care about their students. I like being exposed to a lot of new knowledge from being taught by experts and from seminars with external speakers. I also enjoy talking and studying with class mates.

Being at LSE has helped me choose a career path: In making the decision, I benefited from talking to teachers and received guidance and support from them. In addition I have made academic contacts, which is useful if I decide to stay in academia after a PhD. When I graduate, I will first finish studies in my home country and then I will pursue a PhD. The career of my dream would probably be a combination of teaching and working in the industry - but I have a few more years to decide on that.


Entry Requirements

2:1 degree or equivalent in actuarial science, statistics, mathematics or mathematical economics/finance; English standard level.

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Recipient: London School of Economics and Political Science

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