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Undergraduate Programme Accreditation and Exemptions

Royal Statistical Society Accreditation

All three undergraduate degree programmes within the department of Statistics have received formal accreditation from the Royal Statistical Society (RSS). This accreditation is conditional on students taking a certain combination of courses during their second and third years of study.

For conditionally accredited programme, specific pathways within the degree are accredited by the RSS as being of appropriate breadth and depth to provide a foundation for a career as a professional statistician. Successful completion of these pathways (achieving a second class honours or better) automatically qualifies students for the RSS Graduate Statistician (GradStat) award. This award is a stepping stone to full professional membership of the RSS and the Chartered Statistician (CStat) award. More details can be found on the RSS professional membership| web page.

In the case of our three degree programmes the same conditions apply: namely to give accreditation to a student who has passed ST202 (1 unit), ST300 (0.5 unit) and the equivalent of at least another 1.5 ST units at level 3.

Actuarial Exemptions

The BSc in Actuarial Science is accredited by the Institute of Actuaries.

There are two ways to achieve the necessary results to be granted exemptions; by the accreditation formula or the threshold mark values on a course by course basis.

Accreditation formula 

Students reaching a minimum total of 455 marks in the following courses weighted as shown below will be granted exemptions for CT1, CT3, CT4, CT5, CT6, CT7 and CT8.

The prevailing formula is:

ST102 x 0.75 + EC102 x 0.75 + ST202 x 0.75 + ST226 x 0.75 + ST227 x 0.50 + ST300 x 0.10 + ST302 x 0.50 + ST304 x 0.15 + ST305 x 1.00 + ST306 x 0.75 + ST330 x 1.00 (or ST308 instead of ST300/ST304 when taken).

Individual exemption

The weights of the different combinations and the level required to obtain the corresponding exemptions are fixed by the external examiner and the Institute of Actuaries each year.

The courses leading to an exemption for current students for exams taken in 2013 are:

ST226 with a mark of 61 or more leads to an exemption for subject CT1

ST102 (weight = 50%) combined with ST202 (weight = 50%) with a global mark of 62 or more leads to an exemption for subject CT3

ST227 with a mark of 62 or more leads to an exemption for subject CT4

ST305 with a mark of 60 or more leads to an exemption for subject CT5

ST306 (weight = 90%) combined with ST300 (weight = 10%) or ST308 (weight = 10%) with a global mark of 63 or more, with a pass mark in ST304

EC102 with a mark of 60 or more leads to an exemption for subject CT7

ST330 with a mark of 61 or more, with a pass mark in ST302, leads to an exemption for subject CT8

The courses leading to an exemption for current students for exams taken in 2012 are:

ST226 with a mark of 61 or more leads to an exemption for subject CT1

ST102 (weight = 50%) combined with ST202 (weight = 50%) with a global mark of 60 or more leads to an exemption for subject CT3

ST227 with a mark of 62 or more leads to an exemption for subject CT4

ST305 with a mark of 60 or more leads to an exemption for subject CT5

ST306 (weight = 90%) combined with ST300 (weight = 10%) with a global mark of 62 or more, with a pass mark in ST304, or

ST306 (weight = 90%) combined with ST300 (weight = 10%) with a global mark of 62 or more, with a pass mark in ST308, or

ST306 (weight = 90%) combined with ST308 (weight = 10%) with a global mark of 62 or more, with a pass mark in ST304, leads to an exemption for subject CT6

EC102 with a mark of 60 or more leads to an exemption for subject CT7

ST330 with a mark of 62 or more, with a pass mark in ST302, leads to an exemption for subject CT8

How to be granted exemptions

This process can only be done after graduation.

  • Firstly, you need to become a student of the Institute of Actuaries.

    To do so,  please complete one of the following forms, one for non-EU students and one for EU students, which can be found via the How to register as a student web page.
     
  • Then, once you have been accepted as a student member, you have to send your grades together with the Application for Exemptions form.

    When submitting this form and a certified copy of your transcript please also ask the Institute to refer to the official information provided by the Department of Statistics at LSE. A global letter is sent by the department after graduation to the Institute of Actuaries regarding all students who graduated that year from one of our undergraduate degrees. You do not need an individual letter from LSE or from the Department of Statistics. There is also no need to write to us to confirm that we have written to the Institute as the details are automatically sent by us each summer.

Please note that the above forms are published directly by the Institute of Actuaries and may be updated at any time without our knowledge. You may therefore prefer to download the forms directly from the Institute of Actuaries website. More information and the aforementioned forms can be found on the Institute of Actuaries| web page.

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