UCAS code: N321
Programme requirement: GCSE pass at grade A or A* in Mathematics
Usual standard offer: A level: grades A A A, one of which must be Mathematics. Further Mathematics is highly desirable
International Baccalaureate: Diploma with 38 points including 7 6 6 at Higher level (with 7 in Mathematics)
Other qualifications are considered
For further details see lse.ac.uk/ugAdmissionsCriteria
Applications 2013: 588
First year students 2013: 85
(* half unit)
(Students can substitute some of these courses to the value of one unit with another approved subject. Stochastic Processes and Time Series and Forecasting cannot be substituted.)
Please read the following important information before referring to full details of course options found in the Programme Regulations.
The programme regulations available are for the current academic session and may be subject to change before the beginning of the next academic year. For more information about course availability in the next academic session, please contact the relevant academic department. The School reserves the right at all times to withdraw, suspend or alter particular courses and syllabuses, and to alter the level of fees. Courses are on occasion capped (limited to a maximum number of students) or subject to entry conditions requiring the approval of the course convenor. The School cannot guarantee that places on specific courses will be available.
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. You have the choice of either Elements of Accounting and Finance which gives you an introduction to the preparation, uses and limitations of accounting information and the problems of finance and investment or Introduction to Abstract Mathematics which introduces the student to rigorous mathematical thinking and is strongly recommended for first year students. Economics B is an introductory course in microeconomics and macroeconomics for those expecting to take further courses in economics.
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. Survival Models is an introduction to actuarial mathematics and statistics. An outside option can be chosen from courses in economics, accounting, finance, mathematics, sociology, social psychology and information systems, or anything else that might interest you. Alternatively you can do an applied statistics project.
Stochastic Processes explores stochastic processes and applications to insurance. Time Series and Forecasting introduces the statistical analysis of time series data and simple models. Actuarial Mathematics: Life is an introduction to the theory and techniques of life insurance and pensions. Actuarial Mathematics: General introduces actuarial work in non-life insurance. Stochastic and Actuarial Methods in Finance offers Applications of stochastic processes and actuarial models in finance.
There are no options in the third year, but you might substitute up to one full unit of these courses with an option taught outside the Department.
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. In addition to this, LSE has an accreditation agreement with the Institute and Faculty of Actuaries. This means that students with a high enough average mark on related courses can get all exemptions on offer, even if that is not the case for individual courses. The exemption system on a course by course basis will still be in place.
There may be changes to the programme given here for the second and third years of the degree to keep up with developments in actuarial science.