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MSc Actuarial Science

Heriot-Watt University

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Heriot-Watt University

Course options

3 options available

  • Qualification

    MSc - Master of Science

  • Location

    Edinburgh Campus

  • Study mode

    Full time

  • Start date

    01-SEP-25

  • Duration

    1 year

Course summary

Our MSc Actuarial Science provides you with a fast track into the profession by providing up to six exemptions from the exams you must pass to become a fully qualified actuary.

As an actuary, you are an expert in risk management. Most actuaries work in areas like life insurance, pensions, investments, banking and more. With your data science skills, you are in high demand across the world.

Salaries are typically high and the work-life balance excellent. A newly qualified actuary in the UK usually earns between £50,000 and £60,000 each year, with salaries increasing significantly post-certification.

Our MSc takes you through the first six actuarial exams with the Institute and Faculty of Actuaries (IFoA) in the UK, accelerating your journey to becoming an actuarial professional. These examinations enhance your expertise in statistical and financial modelling.

Our Actuarial Transformation: Introducing an innovative curriculum for 2024.

We are thrilled to announce an exciting curriculum update set to launch in the academic year 2024-25 for our MSc Actuarial Science program at Heriot-Watt University.

This comprehensive overhaul offers you a well-rounded approach to actuarial education, going well beyond academic theory to equip you with the practical skills and business awareness sought after by employers, allowing you to hit the ground running on day one of your actuarial career.

Tailored for success as an Actuary

This programme has been uniquely designed to offer a blend of technical mastery, business acumen, and communication skills essential for a successful actuarial career.

Developed in collaboration with industry leaders, it ensures the acquisition of sought-after skills, setting you apart in interviews and excelling in real-world tasks.

Gain a competitive edge with an intensified focus on software tools like Excel and R, and experience enriched learning through 'value-added' components, emphasizing teamwork and communication.

Employability

Career prospects and salaries are excellent for graduates of our specialist actuarial science programmes – 93% of recent graduates have secured employment or gone onto further study within six months of graduating. Of those employed, 96% are in professional-level jobs. Recent students have gone on to work for industry-leading organisations including: Standard Life Aberdeen, Lloyds Banking Group, Deloitte, KPMG, PwC, Prudential, Royal London and many more.

Application deadline

30 August 2024

Tuition fees

Students living in Hong Kong
(International fees)

£ 27,200per year

Tuition fees shown are for indicative purposes and may vary. Please check with the institution for most up to date details.

University information

Heriot-Watt University

Heriot-Watt University

Heriot-Watt University

  • University League Table

    42nd

  • Campus address

    Heriot-Watt University, Riccarton, Edinburgh, Edinburgh, City Of, EH14 4AS, Scotland

VIEW PROFILE
One of Scotland's most international universities. With five global campuses, you will join over 24,000 students and 166,000 alumni in 190 countries.
Global companies actively seek out Heriot-Watt graduates due to the industry-informed programmes that equip you with the right skills to succeed.
Opportunities to transfer seamlessly between campuses in Dubai, Malaysia and Scotland through the university’s ‘Go Global’ scheme.

Subject rankings

  • Subject ranking

    Accounting & Finance

    22nd out of 103 1

  • Entry standards

    / Max 227
    194 85%

    4th

  • Graduate prospects

    / Max 100
    79.0 79%

    23rd

    3

  • Student satisfaction

    / Max 4
    2.96 74%

    86th

    14

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