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Actuarial Science – (M.Sc.)

Heriot-Watt University

School of Mathematical and Computer Sciences
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Disciplines:
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Annual Tuition Fee: ≈ € 16,270 -
Location: Edinburgh / United Kingdom / View location on map ▾ Hide location on map ▴
Duration: 12 months Start Date: September
Educational Form:
  • Taught
Education Variants:
  • Parttime
  • Fulltime
Languages: English 
-3.32068,55.90944

Location of Heriot-Watt University

The diploma takes 9 months to complete and the MSc a year.

The programme is also available to be studied on a part-time basis, up to a maximum of 4 years.

Overview

The MSc/Diploma in Actuarial Science is a must for those graduates with strong mathematical skills and who are looking to enter the actuarial profession.

Topics covered correspond to the CT1- CT8 series of the joint examinations of the Faculty and Institute of Actuaries and students who perform well on the course can obtain exemption from some or all of these professional exams. Over its many years of operation, the programme has become firmly established and has been able to achieve a world wide reputation for quality of provision; it is wonderfully international – this year's class includes students from over 20 countries.

Graduates will go on to practice in many sectors including finance, investment, risk management, insurance and pensions, working under the aegis of well established professional bodies. The roles will be varied, in line with the growing importance of actuaries as key arbiters of risk in business and financial processes.


Contents

CORE SUBJECTS
* Statistical Methods
* Financial Mathematics
* Stochastic Modelling
* Time Series Analysis
* Survival Models
* Life Insurance Mathematics
* Risk Theory
* Economics
* Finance and Financial Reporting
* Financial Economics

IELTS

You are normally required to take an English Proficiency Test.

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Requirements

Normally a good degree in Mathematics, Statistics or a related subject from a British or overseas university.

English Language Requirements

If your first language is not English you need to show that you would benefit from studying in English. Acceptable qualifications for entry are:

* A degree which you studied in English.
* Heriot-Watt University's Foundation English Programme - Grade C (Grade B for postgraduate study in the School of Management and Languages).
* TOEFL 577 (233 in the computerised test or 90 in the internet-based test). This applies to courses in the School of Life Sciences, School of Management and Languages, School of the Built Environment, School of Textiles and Design, School of Mathematical and Computer Sciences, and Institute of Petroleum Engineering.
* TOEFL 550 (213 in the computerised test or 80 in the internet-based test). This applies to courses in the School of Engineering and Physical Sciences only.
* IELTS 6.5.
* Cambridge Certificate of Proficiency (CPE) Grade C.

Additional Requirements

Minimal degree required: Bachelor's degree
Minimal amount of work experience Not specified

Language Proficiency

IELTS Band: 6.5
Cambridge English: Advanced (CAE): Grade C (Score: 60)

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