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MSc PG Dip Actuarial Science and Management

  • DeadlineStudy Details:

    MSc/PgDip: 2 years full-time

Course Description

This exciting 2-year MSc programme is designed to kick-start your career as an actuary, preparing you to take a leading role in managing risk in financial institutions worldwide.

Entry to the actuarial profession is by a demanding series of examinations, but the rewards after qualifying are great. The Institute and Faculty of Actuaries in the UK have four levels of examinations to qualify: The first level, the Core Technical (CT) subjects are taught in Stage 1 and lead to exemptions from CT1 to CT8. Students will typically study CT1, CT5 and can choose from some or all of the remaining CT subjects.

Entry Requirements

The programme is primarily intended for graduates with a strong mathematical background. Our normal minimum entry requirement is the equivalent of a UK 2.1 degree in mathematics, statistics or a related discipline with a high mathematics or statistics content.

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Fees

https://www.hw.ac.uk/study/fees-funding.htm

Student Destinations

Taking our MSc in Actuarial Science and Management is a great way to speed your progress to this most prestigious of careers – it’s designed to take you almost all of the way to qualification. A student who graduates with a full set of exemptions from Heriot-Watt (CT, CA and ST subjects) will only have to pass three more examinations, and gain the necessary work experience, to qualify as a Fellow of the Institute and Faculty of Actuaries.

Module Details

Stage 1:

Mandatory Courses:

F71AB Financial Mathematics
F71AF Life Insurance Mathematics 1
F71BF Life Insurance Mathematics 2

Optional Courses:

C21A0 Economics
C31FF Finance and Financial Reporting
F71SM Statistical Methods
F71SZ Stochastic Modelling
F71AG Risk Theory
F71TS Time Series Analysis
F71AH Financial Economics 1
F71AJ Financial Economics 2
F71AE Survival Models

*progression to stage 2 requires an average mark of 60% over all examinations taken at the 1st attempt, with a grade C required in all mandatory courses.

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