We use cookies to ensure the best user experience and to serve tailored advertising. To learn more about our cookies and how to manage them, please visit our cookie policy

Close icon

Personalise what you see on this page.

Choose from the options below. We'll show you information based on your current location as default.


  • United States
Please select so we can show the most relevant content.


  • United States
Please select so we can show the most relevant content.


  • Undergraduate courses
Please select so we can show the most relevant content.
Viewing as a student from United States living in United States interested in Undergraduate courses

Course options

  • Qualification

    MSc - Master of Science

  • Location

    Edinburgh Campus

  • Study mode

    Full time

  • Start date


  • Duration

    1 year

Course summary


Our MSc in Actuarial Management is an established and successful programme covering the more advanced actuarial subjects. Taking our MSc in Actuarial Management is a great way to speed your progress to this most prestigious of careers - it's designed to take you almost all of the way to qualification.


The School is fully accredited by the Institute and Faculty of Actuaries (IFoA) for 2019/20.

The principal aims of the course are to: • provide intensive and high-quality education in a postgraduate context in a wide range of subjects in contemporary actuarial management, and professional practice • provide coverage of the material in the syllabuses of the subjects CA1 (Actuarial Risk Management), CA3 (Communications), ST2 (Life Insurance), ST4 (Pensions and other Benefits) , ST5 (Finance and Investment A), ST6 (Finance and Investment B) and ST9 (Enterprise Risk Management) of the Institute and Faculty of Actuaries and provide an opportunity for students to gain exemptions from some or all of the corresponding professional examinations as a result of dedicated study over a nine-month period • provide a challenging period of study which enables students to test themselves against standards requiring intensive work and strong commitment in a demanding postgraduate environment • enable students to develop detailed knowledge and critical understanding, and acquire a range of new skills, in central areas in actuarial management • provide tutorial and discussion opportunities of a style and at a level appropriate for postgraduate studies • enable students to communicate and work effectively with peers and academic staff, demonstrating appropriate levels of autonomy, initiative, and responsibility • provide students at Master's level with the opportunity to plan and execute a significant investigation and write a dissertation requiring detailed and critical understanding in an area of study related to actuarial management, and demonstrating originality.

On completion of the course, students will be able to demonstrate: • extensive and detailed knowledge, and critical understanding, of central areas in actuarial management, including at Master's level two or more specialist areas • knowledge and critical understanding of certain areas in the actuarial management of a range of financial institutions • the acquisition of a range of new skills required in actuarial management, including skills in applied actuarial modelling • awareness and understanding of current issues in actuarial management, through teaching informed by current developments in professional matters and in actuarial research • extensive knowledge and critical understanding of many of the principal theories and concepts of contemporary actuarial management, and of some of the principal theories and concepts of professional practice • expertise in applying, in a practical context, many of the principal skills and techniques used in actuarial science • extensive knowledge and understanding of problems in some or all of the following areas: actuarial risk management, financial mathematics, life insurance practice, pension funds, investment, derivative pricing, and enterprise risk management. Students will also achieve PgCert and PgDip awards during this course.

Tuition fees

Students living in United States
(international fees)

£ 22,000overall cost

Tuition fees shown are for indicative purposes and may vary. Please check with the institution for most up to date details.

University information

Heriot-Watt University

  • University League Table


  • Campus address

    Heriot-Watt University, Riccarton, Edinburgh, Edinburgh, City Of, EH14 4AS, Scotland

Highly regarded around the world with a strong focus on business, engineering, design and the physical and life sciences.
Culturally diverse, warm and welcoming, Heriot-Watt is one of Scotland's most international universities with a global footprint.
Global companies actively seek out Heriot-Watt graduates due to the nature of the university's research-informed education.

Subject rankings

  • Subject ranking

    15th out of 103 8

  • Entry standards

    / Max 220
    169 77%


  • Graduate prospects

    / Max 100
    82 82%


  • Student satisfaction

    / Max 5
    4.12 82%



Is this page useful?

Yes No

Sorry about that...



Thanks for your feedback!