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MSc - Master of Science
John Anderson Campus
Full Time
SEP-25
1 Year
Select a course option
MSc - Master of Science
John Anderson Campus
Full Time
SEP-25
1 Year
Select a an exam type
The MSc in Actuarial Science at Strathclyde has been developed to give students wishing to move into the actuarial profession a strong foundation in the statistical concepts, models and techniques used in actuarial calculations, their computer implementations, and the financial and economic contexts of these calculations.
The programme is an innovative cross-faculty alliance between the Strathclyde Business School and the Faculty of Science. The course is designed so that students with a strong aptitude for mathematics and statistics, but who have not studied these topics in detail in their undergraduate degree, can gain the necessary skills to move into the financial industry. It's intended as a conversion course, teaching material in statistics, economics and finance. It does not currently include specialist actuarial mathematics content (which will be studied in the actuarial professional examinations).
Our Actuarial Science Masters produces graduates well equipped to apply for trainee actuary positions. Students reaching a sufficiently high level in core classes will be eligible for exemption from two of the professional examinations of the IFoA, namely CS1 and CB2.
Accreditation:
Accredited by the Institute and Faculty of Actuaries (IFoA)
Accreditation By Subject Agreement for IFoA subjects CS1 and CB2.
Careers:
A career as an actuary is a desirable one and is often referred to as one of the best professions to work in. There are many reasons for this including salary, job security and satisfaction (Actuarial Salaries & Benefits 2023 – Hays).
The increasing accessibility of healthcare and changes to insurance regulation are driving high demand for actuaries and, once qualified, actuaries are able to work anywhere in the world.
Graduates of this course wishing to pursue a career as an actuary will typically work at an insurance company or at a consultancy.
Most graduates enter the profession by joining a company as an actuarial trainee or risk analyst at the same time as studying for professional exams.
Most trainees begin their careers in the financial services industry, particularly in the traditional employment areas of insurance and pensions.
Minimum second-class honours degree or international equivalent in:
engineering
science subjects (eg physics, chemistry or computing science)
business subjects (eg business studies, accounting or economics)
Prospective students with relevant experience or appropriate professional qualifications are also welcome to apply.
For Australia and Canada, normal degrees in relevant disciplines are accepted.
Some prior mathematical knowledge is required, for example:
A level or equivalent or undergraduate classes in:
Calculus
Linear Algebra
Differential equations
Probability
Statistics
Students living in
Domestic
£19,100 per year
Students from Domestic
Cost of living (University provided accommodation) - £ 310 Per week
£19,100 per year
Students from England
Cost of living (University provided accommodation) - £ 310 Per week
£19,100 per year
Students from Scotland
Cost of living (University provided accommodation) - £ 310 Per week
£19,100 per year
Students from Wales
Cost of living (University provided accommodation) - £ 310 Per week
£19,100 per year
Students from Northern Ireland
Cost of living (University provided accommodation) - £ 310 Per week
£30,250 per year
Students from EU
Cost of living (University provided accommodation) - £ 310 Per week
£30,250 per year
Students from International
Cost of living (University provided accommodation) - £ 310 Per week
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