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MSc Statistics (Financial Statistics)

The programme is mainly intended for students wishing to pursue careers in the finance industry or as a stepping stone towards PhD study
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The Financial Statistics stream of the MSc Statistics programme is mainly intended for students wishing to pursue careers in the finance industry or as a stepping stone towards PhD study in statistics for finance.

Students will receive a thorough grounding in the theory and methods of statistical inference and the statistical analysis of time series, as well as a selection of important concepts in statistical finance, such as financial time series, asset pricing and portfolio choice, and some aspects of continuous-time finance. Students will also learn to code in the R statistical computing environment. Optional modules from the statistics, finance and economics departments (among others) are available.

The research branch of the Financial Statistics programme is open to students wishing to take the dissertation option.

Dr. Clifford Lam 
MSc Statistics (Financial Statistics) Programme Director

 

Entry requirements

The normal entry requirement is an upper second class honours degree, or equivalent, with a significant mathematical content. Well-qualified applicants who do not meet this requirement will be considered on merit.

Details of how to apply

Find out more details on how to apply, requesting a prospectus and related programmes.

For further practical details on how to submit an application, including the word limit on your personal statement, please see our MSc FAQs (Frequently Asked Questions).

Course structure

Our taught postgraduate courses are based around lectures, with problem classes and computer workshops. Most courses are assessed by a two-hour exam in the summer term (please note that one of the core courses, ST425, is assessed by a three-hour exam) although some contain an element of course work.

The courses in the programme are divided into two categories: compulsory courses and optional courses. Students must take courses to the value of four full units

Compulsory courses and options - MSc Statistics (Financial Statistics) 

i. Three compulsory courses:

ii. Optional courses to the value of two full units from the following:

Note: *ST427 is not available in the 2017/18 academic session
Note: **ST442 is not available in the 2017/18 academic session
Note: ***ST448 is not available in the 2017/18 academic session

Non-statistics and non-methodology courses:

Please note: The maximum of one unit's worth of non-ST courses is permitted. Other non-ST course(s) may be taken, with permission.
H = Half Unit; F = Full Unit.

Compulsory courses and options - MSc Statistics (Financial Statistics) (Research Branch)

MSc Statistics (Financial Statistics) (Research) is similar to the MSc Statistics (Financial Statistics) nine-month programme but involves a compulsory dissertation (ST499) which replaces one unit’s worth of optional courses.

i. Four compulsory courses (equivalent to three full units):

ii. Optional courses to the value of one full unit, as listed above for the MSc in Statistics (Financial Statistics).

ESRC 1+3 studentships

The MSc Statistics (Research) and MSc Statistics (Financial Statistics) (Research) programmes are eligible for ESRC '1+3' funding.  The MSc qualifies as the first year of doctoral training (the `1'), followed by the MPhil/PhD Statistics programme (the `3'). 

ESRC studentships are available to UK and EU students. They cover full fees (UK and EU level) and an annual stipend, which for 2017 was £18,000. Further details on eligibility - http://www.lse.ac.uk/intranet/students/moneyMatters/financialSupport/ScholarshipsLSE/PhDApp/MResMPhilPhDProgrammes.aspx

Potential applicants should contact the Department at statistics@lse.ac.uk in the first instance to express their interest.  Applicants should then complete an online application for their chosen MSc (Research) programme, including an outline research proposal, and specifying that they wish to be considered for ESRC 1+3 funding. Note that applications are now closed and will open in Autumn 2017 for entry in 2018-19.

Further details- http://www.lse.ac.uk/intranet/students/moneyMatters/financialSupport/esrc.aspx

Programme regulations

Winton MSc prizes

Two prizes sponsored by Winton are awarded to MSc students each year. 

Winton Prize for Academic Excellence in MSc Statistics/MSc Statistics (Financial Statistics)/MSc Statistics (Social Statistics)

Awarded to the MSc Statistics or MSc Statistics (Financial Statistics) or MSc Statistics (Social Statistics) student with the highest overall marks in their exams.  One prize of £500 awarded.

Winton Prize for Best Dissertation in MSc Statistics/MSc Statistics (Financial Statistics)/MSc Statistics (Social Statistics)

Awarded to the MSc Statistics or MSc Statistics (Financial Statistics) MSc Statistics (Social Statistics) student with the highest mark on their dissertation. One prize of £500 awarded.

This agreement is applicable from the 2017/18 academic year to the 2021/22 academic year.

Further information

For advice on your application please refer to frequently asked questions.