The Actuarial Science PhD is usually a four year programme. You are registered on the MPhil degree for the first two years during which you will follow a programme of taught courses and prepare your first research paper.
In the first year you will attend a number of taught courses, aiming to provide training in your research field and exposure to wider research areas. You will be able to take PhD-level courses in Finance, as well as, if appropriate, drawn from Cass MSc programmes. These courses are academically rigorous and you will need to be examined in them.
In parallel, you will commence your academic research, under the supervision of Cass academics. At the end of the first academic year, you will submit a research dissertation, demonstrating a clear formulation of a suitable research topic and substantial progress towards your first academic paper.
Throughout your time as a Cass MPhil/PhD student, you will be attending research seminars held by the Faculty of Actuarial Science and Insurance.
In order to progress to the following year students will need to pass a minimum of three or a maximum of five modules and complete a dissertation in the third term.
Your research training continues in the second year with workshops and seminars focused on further developing your research skills further and courses introducing you to the practice of learning, teaching and assessment. Alongside this, you will continue your academic research in your chosen topics. The year culminates with the defence of your first research paper before a transfer panel committee, towards the end of term 2. After the successful defence of your transfer panel paper you will move onto the final two years of the PhD programme.
Third and fourth year
You complete your remaining research papers in years three and four and defend your work at the viva voce examination soon after completion of your thesis. The focus of training in the final two years shifts towards preparing you for an academic career.
You will be supported by Cass academics to prepare for the viva voce and the academic job market, with the aim of you successfully defending your thesis and taking up an academic position at a leading academic institution or a research-oriented job at a financial institution.