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Actuarial Finance, MSc
Imperial College, Tanaka Business School
- If you are a student, you can request further information from the programme contact person(s) listed below.
- If you are an employee of Imperial College, please contact us to administrate this information.
- Finance
Quick facts
| Country: | United Kingdom | Duration: | 24 Months |
| City: | London | Start Date: | October |
| Educational Form: |
| Languages: | English |
| Education Variants: |
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| Annual Tuition Fee: | € 24654 - | ||
Programme Description
In recognition of the changing demands on the actuarial profession, we have introduced an innovative new programme, the Master's in Actuarial Finance. Working closely with the Institute and Faculty of Actuaries and an advisory board of large actuarial employers in pensions and insurance, we have developed a distinctive programme that is intellectually stimulating, responds to market needs, and offers the potential to gain a double qualification.
Our part-time MSc Actuarial Finance programme ensures that tomorrow's actuaries understand the language of modern finance, whether they work in insurance, pensions or investments. Developed with the help of large actuarial employers, and accredited by the Institute and Faculty of Actuaries, this innovative programme offers an alternative, fast-track approach to professional actuarial qualification.
Designed to equip you with expert actuarial skills and a broader understanding of modern finance, the MSc Actuarial Finance programme allows you to:
* Speed up your qualification time
* Achieve exemptions from most UK professional examinations - based on performance you may be exempt from CT2, CT7, CT8, and all CA and ST subjects (except CA2)
* Gain a Master's degree from Imperial College
* Learn in a lively, supportive environment with students from other companies
* Be taught by world-leading academics and industry practitioners
* Study one day a week for two years alongside a demanding full-time career
Designed to equip your employees with expert actuarial skills and a wider understanding of modern finance, this programme offers:
* A broader actuarial education essential for today's changing actuarial roles
* A potentially faster route to qualification, as well as an MSc from Imperial College, for your employees (based on performance students may be exempt from CT2, CT7, CT8, and all CA and ST subjects (except CA2))
* Part-time study which fits in with the demands of a full-time career
* A more motivating and supportive learning experience than traditional self-study method
* Expert teaching from world-leading academics and industry practitioners
* A significant recruiting advantage in the market for aspiring actuaries
Our MSc Actuarial Finance programme is designed for those who have started (or who wish to pursue) an actuarial career. It is also suitable for those who are keen to build a knowledge base in areas such as investment management for a career in other areas such as banking or the hedge fund industry.
- Contents
- Requirements
- More
Contents
This part-time MSc programme allows you to attend lectures at Imperial one day per week for two years while you are working.
First year
* Actuarial practice
* Applied econometrics for actuaries
* Economics
* Finance
* Corporate finance
* Professional practice module
* Valuation
* Risk management
* Actuarial modelling
* Accounting (e-based course)
* Business communications
Second year
During the autumn and spring terms students complete two of the following four options:
* Pensions
* Life insurance
* General insurance
* Advanced finance
During the summer term you will complete two of the following five options:
* Personnel economics
* Healthcare
* Reinsurance and securitisation
* Credit risk modelling
* Enterprise risk management
There is also an individual project to complete during the summer.
Students complete a substantial 8,000-word essay on a topic related to material covered in the programme. To obtain a good mark, projects must be technically demanding, contain some element of originality and be of substantive interest.
On successful completion of the programme, and if you do sufficiently well as determined by the independent external examiners appointed by the Institute and Faculty of Actuaries, the MSc gives you exemption from the following UK professional actuarial examinations: CT2, CT7, CT8, and all CA and ST subjects except CA2.
You are normally required to take an English Proficiency Test if you come from a non-English speaking country.
Most European Universities recognise the IELTS test.
More informationRequirements
The MSc Actuarial Finance programme is suited to those considering, or in the early stages of, an actuarial career. If you are already a qualified actuary, you may be more suited to other programmes offered by the Business School.
Due to the highly quantitative nature of our MSc Actuarial Finance programme, applicants must have a strong background in Mathematics.
Additionally, applicants are expected to meet the academic and language requirements set by Imperial College London.
Academic requirementTo be eligible for admission to the MSc Actuarial Finance programme you need:
* A good undergraduate degree (usually an upper second or first class honours degree from a UK institution, or an equivalent international qualification) in Mathematics, Statistics, Mathematical Economics or Finance, Engineering, or a natural science subject, or
* A good undergraduate degree (usually an upper second or first class honours degree from a UK institution, or an equivalent international qualification) in other subjects and have successfully completed at least four of the five Institute and Faculty of Actuaries examinations CT1 and CT3-CT6.
There is no GMAT requirement for the MSc Actuarial Finance programme.
English language requirement
All students are required to hold an English language requirement, of a higher standard than the College minimum requirement. Acceptable qualifications include:
* GCSE English grade C or equivalent
* IELTS: A minimum score of 7 with a score of 6 or better in written English.
* TOEFL: A minimum score of 610 (or 253 in the computer-based test) with a minimum score of 4.5 in written English. For the internet-based test we require 98 overall, including a minimum of 25 in the written section and 23 in the speaking section.
Please note that this requirement is equally applicable to Home, EU and Overseas students. It may be possible to waive the Tanaka Business School higher language requirement element under exceptional circumstances at the discretion of the School. ALL applications MUST meet the College minimum requirement.
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