MSc Actuarial Science and Management

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Tuition fee
Apply by
Start date
Sep 2025
Sep 2026
Duration
Campus
Mode of study
Fees and deadlines depend on the selected options. Fees and currency conversion are approximate.
Offer response
3 days after your application is submitted
Backlogs accepted
This course accepts backlogs

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. Students who successfully meet the progression requirements will then go on to undertake a summer project after Stage 2.

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 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.

The School is currently in discussion with the Institute and Faculty of Actuaries to secure the equivalent accreditation and exemptions under the new Curriculum 2019 education strategy. Students will also achieve PGCert and PGDip awards in this course.

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Requirements

The requirements may vary based on your selected study options.





















Modules

  • F71AB Financial Mathematics
  • F71AF Life Insurance Mathematics 1
  • F71BF Life Insurance Mathematics 2
  • 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
  • F71CA Actuarial Risk Management 1
  • F71CB Actuarial Risk Management 2
  • F71MD MSc Dissertation
  • F71PC Pensions A
  • F71LA Life Insurance 1
  • C31FM Financial Markets
  • F71DV Derivative Markets and Pricing
  • F71ER Enterprise Risk Management 1
  • F71PD Pensions B
  • F71LB Life Insurance 2
  • C31FV Finance and Investment
  • F71AP Advanced Derivative Pricing
  • F71EM Enterprise Risk Management II
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    Use our magical AI system, to check your admission chances for this course.
    Tuition fee
    Apply by
    Start date
    Sep 2025
    Sep 2026
    Duration
    Campus
    Mode of study
    Fees and deadlines depend on the selected options. Fees and currency conversion are approximate.
    Offer response
    3 days after your application is submitted
    Backlogs accepted
    This course accepts backlogs