M.Sc. Actuarial Science

  • On Campus
  • 24 months
  • EUR531 per Semester (International

    Tuition fee for the international students.

    )
    EUR531 per Semester (EEA

    European Economic Area tuition fee is applicable to the students from EU countries, Iceland, Liechtenstein, Norway and Switzerland.

    )
  • English ( Take IELTS test or Find a course )
| Lausanne, Switzerland
This Master's degree offers a complete basic training for future actuaries. An actuary is a business professional who deals with the financial impact of risk and uncertainty.

Description

Advertisement

Most of the subjects taught involve applied mathematics, the actuary’s most important working tool. Good knowledge of management, finance, economics and information technology is also necessary to ensure an adequate level of professional expertise.

This program fulfills the requirements of the syllabus of the Swiss Association of Actuaries and prepares students to some exams of the Society of Actuaries.

University studies develop, in addition to specific academic skills, many transversal skills such as : oral and written communication, critical, analytical and summarising faculties, abilities in research, the learning and transmission of knowledge, independence and the ability to take decisions.

This panoply of skills, combined with specialist knowledge acquired in the course of studies, is an excellent preparation for a wide range of employment opportunities in financial sectors.

The following career prospects may be cited as examples:
  • Insurance companies
  • Banks
  • Consultants
  • Pension funds
  • Control authorities
  • Social security systems

Detailed Course Facts

Start dates and application deadlines

Started in

    Deadline was:
  • ( International

    Deadline applies if you do not have the same nationality as the university.

    )
  • ( National

    Deadline applies if you have the same nationality as the university.

    )

Dates reflect the university's timezone.

Tuition fee
  • EUR531 per semester ( International

    Tuition fee for the international students.

    )
  • EUR531 per semester ( EEA

    European Economic Area tuition fee is applicable to the students from EU countries, Iceland, Liechtenstein, Norway and Switzerland.

    )
  • CHF 580 per semester
Credits (ECTS) 120 ECTS
Duration full-time 24 months
Delivery mode On Campus
Educational variant Full-time

Course Content

The MScAS program includes a total of four semesters. The first three comprise a collection of compulsory and elective courses. During the third semester, students can ask to participate in an exchange program in another university. The fourth is entirely dedicated to the Master thesis.

First semester

All students must attend a set of five compulsory courses.

Second semester

Students gain knowledge of actuarial mathematics for life assurance, risk theory, modeling distributions of claims/losses, social security, simulation and advanced probability theory.

Third semester

Students gain knowledge of actuarial mathematics for life insurance, advanced actuarial modeling, credibility theory, insurance accounting, asset management and risk management, analysis of results and international social protection.

Research or internship thesis (fourth semester)

The last semester is dedicated to the Master's thesis. The student may opt for a research thesis or an internship thesis.

Work and credit allocation

The 120 ECTS credits of this Master's program are allocated as follows:

  • 90 credits awarded for the first three semesters of coursework

  • 30 credits for the Master's thesis (contingent upon the earning of the initial 90 credits)

Requirements

Applicants whose native tongue is not English or whose Bachelor's degree was not taught in English, should provide evidence of proficiency in English as a foreign language at the level of C1 corresponding to the following minimum levels: TOEFL CBT 230 (IBT 88-89, PBT 570) or IELTS 6.5-7 or Certificate of Advanced English (CAE).

Knowledge requirements

Minimum Mathematical skills:

  • In calculus: you can use any book on calculus (differential and integral calculus), for example "Calculus and Analytic Geometry (9th Edition)" by George B. Thomas and Ross L. Finney

  • In linear algebra: again any university level linear algebra book, like "Linear Algebra and Its Applications" by David Lay, Pearson

  • In probability: again most books on probability (elementary university level) like, for example, "Introduction to Probability Models, Ninth Edition" by Sheldon M. Ross, Academic Press.

Work Experience

No work experience is required.

More Information

Accreditation

The Master of Actuarial Science program meets the educational requirements of the Swiss Association of Actuaries syllabus (SAA). Moreover, certain courses prepare the students for the first exams of actuaries (SOA).

Due to the inclusion of certain optional courses, the Master program will be in compliance with the future syllabus of the International Actuarial Association, which is currently working on promoting a new specialty track in the field of social security at the international level.

Collaboration with the International Labor Organization (ILO)

Established experts from ILO will deliver courses on social security financing, based on recent ILO series of textbooks on social security financing, actuarial practice, health financing and social budgeting.

We Are Helping Thousands of Students to Find a University Abroad!

Shivprasad
Fortunately enough I was able to find StudyPortals. Right from the start of the application to getting the confirmation of admission I was using StudyPortals.

Sign up for your personal newsletter and we will help you too.

We will send you all the information you need to find your dream study programme!

The Global Study Awards: get funded with up to £10,000 to study abroad

Together with the ISIC Association and British Council IELTS, StudyPortals offers you the chance to receive up to £10000 to expand your horizon and study abroad. We want to ultimately encourage you to study abroad in order to experience and explore new countries, cultures and languages.

University of Lausanne

Lausanne, Switzerland

Switzerland Founded in 1537, the University of Lausanne is composed of seven faculties where approximately 11,500 students and 2,200 researchers work and study. Emphasis is placed on an interdisciplinary approach, with close cooperation between students, professors and teaching staff. The UNIL campus is spread across three locations, the largest of which is in Dorigny, on the shores of Lake Geneva.