MSc Actuarial Science

at Bayes Business School

On the MSc Actuarial Science course, you will:

• Summarise and critically assess fundamental concepts in statistics, economics, finance, investment and business.
• Recognise and apply actuarial theory used in investment, insurance and probability modelling.
• Evaluate research papers and professional texts to produce an independent synthesis of knowledge and ideas.
• Demonstrate proficiency in the use of actuarial and statistical methods to solve problems in insurance, investment and analytics problems.
• Evaluate and apply alternative approaches in the analysis of financial reports.
• Develop and communicate effectively reasoned arguments on current issues relating to actuarial theory and practice.
• Use software as an effective tool for data analysis and financial modelling.

On the MSc Actuarial Science with Business Analytics course, you will additionally:

• Make use of analytical skills to evaluate and solve complex problems within the organisation’s strategic perspective.
• Demonstrate critical awareness of current analytical methods in order to transform information into knowledge.
• Increase your understanding and knowledge of how current analytical methods could be applied in practice.
• Analyse the breadth of machine learning techniques and their applications.
• Frame analytics problems from a machine learning perspective and be able to suggest practical solutions to them.
• Carry out analysis and effectively communicate the results to a defined audience.

• A UK upper second class degree or above, or the equivalent from an overseas institution, in a highly quantitative programme such as mathematics or statistics is required to enter this course
• Work experience is not a requirement of this course.
• If you have been studying in the UK for the last three years it is unlikely that you will have to take the IELTS test
• If you have studied a 2+2 degree with just two years in the UK you will be required to provide IELTS results and possibly to resit the tests to meet our requirements.

IELTS

The required IELTS level is an average of 7.0 with a minimum of 6.5 in the writing section and no less than 6.0 in any other section.

UK/EU/International
£23,000
Tuition fees are subject to annual change

Fees in each subsequent year of study (where applicable) will be subject to an annual increase of 2%. We will confirm any change to the annual tuition fee to you in writing prior to you commencing each subsequent year of study for continuing students (where applicable).

Deposit: £2,000 (usually paid within 1 month of receiving offer and non-refundable unless conditions of offer are not met)

Our graduates from the MSc in Actuarial Science are well prepared to tackle actuarial and risk analyst, consultancy and underwriting roles in leading firms. An actuarial career is a global professional passport in a role which is as challenging as it is rewarding.

An increasing number of companies are now looking for actuarial students who have knowledge of business analytics. This is due to the changing nature of actuarial roles with more technology and analytics brought into actuarial processes across most of the industry sectors mentioned above. The MSc Actuarial Science with Business Analytics route will enable students to gain a strong understanding of both the actuarial principles and the associated analytics.