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MSc Actuarial Science and Management
Heriot-Watt University — Edinburgh, United Kingdom
MSc Actuarial Science and Management is a postgraduate Mathematics & Statistics course at Heriot-Watt University, Edinburgh, United Kingdom. It takes 2 years, costs £25,704 per year and starts in September.
Postgraduate · 2 years · Full-time · Mathematics & Statistics · £25,704 per year
Intakes: September
This programme guides aspiring actuaries through the Institute and Faculty of Actuaries qualification requirements. It combines mathematical foundations with real-world applications, developing technical expertise in financial mathematics and actuarial principles alongside business acumen and communication skills. The curriculum emphasises software proficiency in tools such as Excel and R. Accreditation: IFoA (exemptions from Core Principles CM1, CM2, CB1, CB2, CS1, CS2); SOA (Centre of Actuarial Excellence recognition). Entry requirements (from the course page): Minimum 2:1 honours degree with substantial mathematics, statistics, actuarial mathematics or financial mathematics; International qualifications assessed on a country-specific basis; Strong mathematical ability required. English language requirement: IELTS 6.0 overall with no component below 5.5 (or accepted equivalent). International full-time tuition fee: £25,704 per year (International full-time Year 1 £25,704; Year 2 £21,072).
Modules
- Financial Mathematics Fundamentals
- Actuarial Applications
- Life Contingencies
- Economics
- Statistical Methods
- Finance and Financial Reporting
- Financial Economics for Actuarial Science
- Data Storytelling
- Markov Processes and Survival Modelling
- Climate Change and Sustainability
Careers
- Life insurance
- General insurance
- Pensions
- Investment and banking
- Fund management
- Consultancies and regulatory authorities
Frequently asked questions
How long is MSc Actuarial Science and Management at Heriot-Watt University?
MSc Actuarial Science and Management takes 2 years (Full-time).
How much does MSc Actuarial Science and Management at Heriot-Watt University cost?
The listed tuition fee is £25,704 per year. Fees can change, so confirm the current amount before you apply.
When does MSc Actuarial Science and Management start?
Intakes: September.
What level is MSc Actuarial Science and Management?
It is a postgraduate course in Mathematics & Statistics.
What will I study on MSc Actuarial Science and Management?
Modules include Financial Mathematics Fundamentals, Actuarial Applications, Life Contingencies, Economics, Statistical Methods and Finance and Financial Reporting.
What careers can MSc Actuarial Science and Management lead to?
Typical roles include Life insurance, General insurance, Pensions, Investment and banking, Fund management and Consultancies and regulatory authorities.