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- MSc Actuarial Science
Course options
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Qualification
MSc - Master of Science
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Location
Edinburgh Campus
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Study mode
Full time
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Start date
09-SEP-24
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Duration
1 year
Course summary
Overview
Actuaries are members of a prestigious profession, known for its challenging entry requirements and impactful work. Our MSc in Actuarial Science provides you with a fast track into the profession by providing up to six exemptions from the exams you must pass to become a fully qualified actuary.
Actuaries are experts in risk management. Most actuaries work in the areas of life insurance, general insurance, pensions, and investment, but also more widely in fund management companies, sustainability, banking, hedge funds, consultancies, software developers and regulatory authorities. As experts in data science, actuaries are increasingly in demand across the world.
The actuarial career is also fun because you can apply your mathematical skills to solve problems and plan for the future.
Salaries are typically high and the work-life balance can be excellent. A newly qualified actuary in the UK usually earns between £50,000 and £60,000 each year. Salaries increase to significantly higher levels in the years after qualification.
Our MSc in Actuarial Science takes you through the first six exams with the Institute and Faculty of Actuaries (IFoA) in the UK and so accelerates your journey to becoming an actuarial professional. The exams are mathematical in nature and develop your skills in applying statistical and financial models to plan for the future.
Our MSc programme is distinguished by our University’s 50+ years at the heart of the actuarial profession, by being delivered by qualified actuaries with industry experience along with high-flying actuarial researchers, by our high student satisfaction and by our location in Edinburgh, one of the world’s most beautiful cities.
Accreditation
The
Our MSc in Actuarial Science is fully accredited with the IFoA which means that the subjects you study on our program lead to exemptions from the corresponding subjects with the IFoA.
These are (with IFoA subject codes in brackets):
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•
- Actuarial Statistics (CS1) •
- Risk Modelling and Survival Analysis (CS2) •
- Actuarial Mathematics (CM1) •
- Financial Engineering and Loss Reserving (CM2) •
- Business Finance (CB1) •
- Business Economics (CB2)
These six exemptions put you well on your way to full qualification and demonstrate your actuarial ability to potential employers.
Modules
Tuition fees
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£ 27,200per year
Tuition fees shown are for indicative purposes and may vary. Please check with the institution for most up to date details.
University information
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University League Table
44th
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Campus address
Heriot-Watt University, Riccarton, Edinburgh, Edinburgh, City Of, EH14 4AS, Scotland
Subject rankings
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Subject ranking
23rd out of 104
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Entry standards
/ Max 222194 85%4th
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Graduate prospects
/ Max 10076.0 76%26th
9 -
Student satisfaction
/ Max 53.59 72%100th
77