Msc Actuarial Science And Management

at Heriot-Watt University

Modules

• Financial Mathematics
• Life Insurance Mathematics 1
• Life Insurance Mathematics 2
• Economics
• Finance and Financial Reporting
• Statistical Methods

Course Content

In the first year, students engage in two semesters of coursework, with three mandatory courses: Financial Mathematics, Life Insurance Mathematics 1, and Life Insurance Mathematics 2. Optional courses provide exemptions from Institute and Faculty of Actuaries subjects CM1, CM2, CS1, CS2, CB1, and CB2. Progression to the second year necessitates a 60% average across all exams, with a grade of C in each compulsory course. The second year involves four paired courses per semester, offering exemptions and machine learning skills.

Important Dates

To secure admission for the MSc in Actuarial Science and Management at Heriot-Watt University for the academic year starting in 2024, applicants must submit all required materials by the registration deadline of August 2nd, July 2024. Timely submission is crucial for consideration in this esteemed programme.

• The degree is primarily aimed at graduates with a strong mathematical/logical background. The standard minimum entry requirement is a UK 2.1 degree in mathematics or statistics or a comparable area with a high mathematics or statistics content (for example, economics or physics).
• The degree is demanding, and you must be willing to work hard and have a strong desire to succeed.
• The minimum requirement for English language is IELTS 6.5, the university also accepts TOEFL (scores of 79 and higher).

The annual tuition fees for the MSc in Actuarial Science and Management at Heriot-Watt University are £21,520. Additional expenses such as accommodation, living costs, and study materials should also be considered. Exploring detailed fee structures and potential financing options is crucial for making informed decisions about your career and managing other expenses effectively.

Graduates of the MSc in Actuarial Science and Management from Heriot-Watt University enter dynamic career paths as actuaries, risk analysts, and financial consultants. With expertise in risk management and advanced mathematical skills, they thrive in sectors such as insurance, pensions, investment, and banking. This prestigious qualification opens doors to high-paying positions globally, offering exciting opportunities for professional growth and advancement.