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Actuarial Science – (M.Sc.)

Cass Business School

Master's Programmes
Application Deadline: We have no specific application deadline, and an early application is recommended
Annual Tuition Fee: ≈ € 18,199 -
Location: London / United Kingdom / View location on map ▾ Hide location on map ▴
Duration: 12 months Start Date: September
Educational Form:
  • Taught
Education Variants:
  • Parttime
  • Online education
Languages: English 

Location of Cass Business School

The MSc in Actuarial Science course is accredited by the UK Actuarial Profession. Cass Business School was the first institution in the UK to have both undergraduate and postgraduate programmes fully accredited by the UK Actuarial Profession. It is also recognised by other actuarial professional bodies around the world.

Consequently, students have an excellent opportunity to gain exemptions from the Core Technical examinations of the UK Actuarial Profession.

The programme is delivered via face-to-face lectures from qualified actuaries (and other experts in the field) complemented by dedicated online support, easy access to faculty members, and advice on exam techniques.

Faculty members include a significant number of qualified actuaries and other experts in range of wider fields, who use their commercial experience and current research interests to inform their teaching.

Successful candidates on the MSc in Actuarial Science may also proceed to the MSc in Actuarial Management.

The one-year MSc in Actuarial Management course offers modules leading to exemption from most of the later professional actuarial examinations, and it has its own MSc dissertation option.


Contents

We review all our courses regularly to keep them up-to-date on issues of both theory and practice. Consequently, there may be some change to the detailed content of the modules and occasionally to module titles.

To satisfy the requirements of the degree programme students must complete:

  • at least five out of nine core courses

and

  • five electives

or

  • one elective and a Business Research Project

Two Induction Weeks

The Actuarial Science programme starts with two compulsory induction weeks, mainly dedicated to:

  • An introduction to the Cass Careers offering with a focus on key skills and attributes that employers are looking for. The annual MSc Careers Fair at this time also provides the opportunity to meet over 60 companies who are recruiting across many sectors including finance, energy, insurance, real estate, shipping, strategic management and internal auditing.
  • a refresher course of advanced financial mathematics, statistics, computing and electronic databases.

Career opportunities

There is a continuous demand for capable postgraduate level executives in the actuarial profession, whose members are among the highest paid in the UK. They work in fields such as; Insurance companies (life/non life departments), consulting firms, government departments, banks and investment firms, teaching and research.

MSc in Actuarial Science Employability

Our Graduate Destination Survey of last year's MSc in Actuarial Science cohort shows that 77% of graduates are now either in work (68%) or not job seekeing as they are in further study, military service etc. (9%)*

Some examples of where graduates from the 2009/10 MSc in Actuarial Science are working are:

  • Willis - Structured Risk Solutions - Actuarial Analyst
  • RSA - Commercial - Pricing analyst
  • PWC - Pensions - Associate
  • Aviva - Capital Management - Actuarial Advisor
  • The Phoenix Group - Actuarial Life division - With Profit Modelling - Actuarial Analyst

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 information

Requirements

Every year we welcome students from around 100 different nations to study with us here at Cass. It is essential that all students have an excellent command of English in order to participate fully in the collaborative learning process. We therefore require all students who have not previously studied in English to sit an IELTS or TOEFL exam. If you are not a native English speaker but have studied or are studying in English at degree level, please submit a copy of your most recent English language test along with your application.

IELTS

The required IELTS level is an average of 7.0 with a minimum of 6.5 in writing.

TOEFL

For TOEFL we require 107 (Internet Based Test)
Our TOEFL code is 7650, department code 02
We do not offer a pre-sessional English class as an alternative to achieving these scores. Any pre-sessional course should be viewed as a way of settling into living and studying in the UK and not as a way of topping up an IELTS or TOEFL score.

Other qualifications

A good Bachelors degree in a highly quantitative programme such as mathematics or statistics is required to enter this course, usually a UK 2.1 or above or the equivalent from an overseas institution.

If your Bachelors degree is not sufficiently quantitative you may be eligible on the basis of excellent grades in A-level Mathematics combined with good performance in your degree.

Applicants will need to submit two references, one of which MUST be an academic reference. No work experience is required for this programme, but please provide details of any relevant experience that might enhance your profile.

Additional Requirements

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

Language Proficiency

IELTS Band: 7.0
Cambridge English: Advanced (CAE): Grade B (Score: 75)
TOEFL Paper-based: 627
TOEFL Computer-based: 263
TOEFL Internet-based: 107

Accreditation

An integral part of City University London, Sir John Cass Business School is among the global elite of business schools that hold the gold standard of 'triple-crown' accreditation from the Association to Advance Collegiate Schools of Business (AACSB), the Association of MBAs (AMBA) and the European Quality Improvement System (EQUIS). We are consistently ranked amongst the best business schools and programmes in the world which, coupled with an established 40-year reputation for excellence in research and business education, enables us to attract some of the best academics, students and businesses worldwide into our exclusive Cass network.

Funding details

There are a limited number of course scholarships available to the most academically outstanding applicants as well as some awards sponsored by Cass alumni or corporate connections. Course Scholarships can cover up to 25% of the tuition fees and external scholarships range up to £20,000.

To apply students need to submit a statement to the Admissions Office giving an overview of their academic and professional achievements and stating why they wish to apply for a scholarship.


Contact

Contact Cass Business School

Using the form on this page, you can directly ask questions to the contactpersons at the university.

Fill out your contact information and message. The information you fill out in this form will be sent directly to the university. They will reply to you on the e-mail address you provide here.

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