All about this master, Master in Actuarial Science ISEG - Lisbon School of Economics and Management, Universidade de Lisboa
Portugal - Western Europe
Insurance, Risk & Actuarial Sciences

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


Program overview

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.


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.

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.

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