ISEG - Lisbon School of Economics and Management, Universidade de Lisboa Masters in Actuarial Science

The Master in Actuarial Science was designed for students with a solid background in Mathematical Analysis and Statistics, who are seeking to enter the actuarial profession and pursuing a path towards this rewarding career.

Objectives

The main objectives of the Master in Actuarial Science are:- training students for the actuarial profession, in its multiple components: life, non-life, financial and pension funds;

- contributing to the education of academics, allowing the University to play an active role in the production of advanced studies in the areas of the Master.

Curriculum (courses, subject modules)

Computation Tools for Actuaries

Financial Mathematics

Financial Markets and Investments

Probability and Stochastic Processes

Risk Models

Generalized Linear Models

Loss Reserving

Risk Theory

Survival Models and Life Contingencies

Time Series

Models in Finance

Solvency Models

Thesis

Internship

Project

Actuarial Topics

Pension Funds

Ratemaking and Experience Raking

Asset-Liability Management

Finance and Financial Reporting

Admission conditions

Required diploma(s) :

• Bachelor

Tuition & Fees

Between 5500 and 7000 €

The Masters in Actuarial Science requires a solid academic background in Mathematical Analysis, Probability and Statistics. This normally implies holding a bachelor's degree, either national or foreign, in Mathematics, Mathematics with Economics, Statistics or some of the bachelor's degrees in Economics, Finance or Management. Applicants from other fields will be considered on a case-by-case basis. In accordance with Point d), of Article 17, of Decree Law No. 74/2006 of the 24th of March, other applications will also be considered, should they be deemed appropriate by the selection jury, based on a curricular analysis.

Students in the final year of the 1 st Cycle, can apply by presenting the certificates of those Course Units already completed, subject to concluding the degree.

Employment opportunities & career impact

Employment opportunities :

here is a regular demand for actuaries all over the world. The main employers of our Master students have been:

- insurance companies (life and non-life)

- pension fund management societies

- consulting companies

- control authorities

- banks

- universities

Several of our students did their Final Mater Work as interns in Autoridade de Supervisão de Seguros e Fundos de Pensões, Liberty Seguros, Companhia de Seguros Allianz Portugal SA, Companhia de Seguros Tranquilidade, Axa Portugal, Fidelidade, Willis Towers Watson, KPMG, Optimind Winter,  Ernst & Young Portugal, Mercer and in Taylor Fry Consulting Company.