Applied Actuarial Science – (M.Sc.)

Actuaries apply mathematical and statistical techniques to financial problems, managing financial risk and making financial sense of the future for their clients. They look at what has happened in the past and use it to make predictions about the future, developing appropriate strategies to deal with the risks involved.Our actuarial staff are involved in examining and tutoring for the Actuarial Profession and are in frequent contact with actuaries working in insurance companies and consultancy firms. In our most recent research assessment (2001), we were awarded 5* for our work in Statistics and 5 for our research in Applied Mathematics, which denotes research of international excellence.

All of our core actuarial science modules on our postgraduate study programmes are taught by qualified actuaries, who are all Fellows of the Institute or Faculty of Actuaries with many years experience in consultancy or the insurance industry. Our Institute is friendly and we place an emphasis on getting to know our students on a one-to-one basis.For students who wish to qualify as actuaries, recognition of our postgraduate study programmes by the Actuarial Profession is very important.

Our Postgraduate Diploma in Actuarial Science programme gives you the opportunity to gain exemptions from eight of the Core Technical subjects (CT1 to CT8) of the professional examinations set by the UK Actuarial Profession, and provides you with a firm foundation for the later subjects. If you do well enough on this course to obtain the full set of exemptions available, you could reduce your time to qualify as an actuary by three years or more.

Our MSc in Applied Actuarial Science programme gives you the opportunity to gain exemptions from most of the Core Applications and Specialist Technical subjects of the professional examinations set by the UK Actuarial Profession.