Overview
Who is it for?
Take this first step to a rewarding career as an actuary if you have strong technical ability, an interest in solving business problems, and an appreciation of the risks that changes in the world bring about.
Our MSc in Actuarial Science gives you a firm grounding in the fundamentals of actuarial science in insurance, finance and investment, and business analytics methods. You will have the equivalent of UK upper second class degree in a highly quantitative programme, so you will be ready to study in detail the mathematical and statistical techniques for measuring the probability and risk of future events and their financial impact on a business and/or their clients.
You will be taught and receive advice on study and exam techniques by qualified actuaries, academics and other subject-specialists with commercial experience and research expertise.
Accreditation
Accredited by the Institute and Faculty of Actuaries and recognised as a Center of Actuarial Excellence (CAE) by the Society of Actuaries.
Course content
On the MSc Actuarial Science you will:
- Summarise and critically assess fundamental concepts in statistics, economics, finance, investment and business
- Recognise and apply actuarial theory used in investment, insurance and probability modelling
- Evaluate research papers and professional texts to produce an independent synthesis of knowledge and ideas
- Demonstrate proficiency in the use of actuarial and statistical methods to solve problems in insurance, investment and analytics problems
- Evaluate and apply alternative approaches in the analysis of financial reports
- Develop and communicate effectively reasoned arguments on current issues relating to actuarial theory and practice
- Use software as an effective tool for data analysis and financial modelling
- Build on core principles to develop core modelling and communication practices.
Note: the key difference from the MSc in Actuarial Science with Business Analytics is that the Business Analytics modules are only offered as electives in this programme.
Careers
Your Master’s in Actuarial Science is a global professional passport to a challenging and rewarding career. If you love problem-solving become an actuary, and you will be constantly seeking new ways to approach information and data. Or you could work for business or government, advising on decisions that can change people’s lives. You will also be well equipped to work as an actuarial and risk analyst, consultant or underwriter in leading insurance, banking and professional services firms around the world.
You will get advice on your finding your ideal path and how to accomplish your career goals from our dedicated Careers Team.
The MSc in Actuarial Management serves as a continuation of the MSc in Actuarial Science allowing successful candidates to focus on the application of concepts learned, study the key areas of actuarial practice, choose from the various actuarial specialist subjects and attain further technical knowledge. Students taking that MSc get an opportunity to obtain further exemptions from the later professional subjects of the Institute and Faculty of Actuaries, enabling them to reach the highest possible level of the professional qualification.
Recent graduates have secured positions such as:
- Actuarial Analyst
- Trainee Actuary
- Model Management and Development Analyst
- Junior Specialist
- Auditor.