The BSc Actuarial Science degree involves studying courses to the value of twelve units over three years as indicated below.
- ST102 Elementary Statistical Theory
- MA100 Mathematical Methods
- AC104 Elements of Accounting, Financial Institutions and Financial Management or MA103 Introduction to Abstract Mathematics
- EC102 Economics B
Elementary Statistical Theory is a theoretical statistics course which is appropriate whether or not your A level Mathematics course included statistics. It forms the basis for later statistics options. Mathematical Methods is an introductory level 'how to do it' course designed to prepare you for using mathematics seriously in the social sciences or any other context. Elements of Accounting and Finance will give you an introduction to the preparation, uses and limitations of accounting information and problems of finance and investment. You will also take an Economics course.
- ST202 Probability, Distribution Theory and Inference
- MA212 Further Mathematical Methods
- ST227 Survival Methods (half) and ST226 Actuarial Investigations - Financial (half)
- Courses to the value of one unit (to be discussed with tutor)
Probability, Distribution Theory and Inference will develop your knowledge of probability and statistics beyond the first year course. It will also provide the probability and statistics basis for all third year courses. Further Mathematical Methods covers the mathematics needed for statistics and actuarial courses. Actuarial investigations (Financial) is a course on compound interest techniques from an actuarial viewpoint and Survival models provides an introduction to actuarial mathematics and statistics. Within in the optional unit you can choose from courses in economics, mathematics, sociology, psychology, information systems, or anything else that might interest you. Alternatively, you can do an applied statistics project.
- ST302 Stochastic Processes (half unit) and ST304 Time Series and Forecasting (half unit)
- ST301 Actuarial Mathematics (Life) (half unit) and ST306 Actuarial Mathematics (General) (half unit)
- ST330 Stochastic and Actuarial Methods in Finance (full unit)
- Options to the value of one course unit from a list, which includes ST300 Regression and Generalised Linear Models (half unit), ST303 Stochastics Simulation (half unit), ST308 Bayesian Inference Half unit), and others.
You can replace courses to the value of one unit with another approved subject, but this will affect exemptions from examinations set by the Institute and Faculty of Actuaries. ST302 Stochastics Processes and ST304 Time Series and Forecasting cannot be substituted.
You might be able to gain exemptions from the core technical stage of the Institute and Faculty of Actuaries examinations if you reach a sufficient standard in the relevant LSE courses. This is normally well above a pass mark.
There could be changes in the programme given here for the second and third years of the degree to keep up with developments in Actuarial Science.
Have a look at the BSc Actuarial Science regulations page for more information on option courses.