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MSc - Master of Science
Edinburgh Campus
Full Time
SEP-25
1 Year
Select a course option
MSc - Master of Science
Edinburgh Campus
Full Time
SEP-25
1 Year
Select a an exam type
Data Science (machine learning) uses computer algorithms to build models of the future. Our MSc in Actuarial Management with Data Science will enable you to develop the skills to build and apply such models in an actuarial context.
In addition, the degree is fully accredited with the Institute and Faculty of Actuaries in the UK for actuarial subjects: CP1, CP2, CP3, SP2, SP4, SP5, SP6 and SP9. Studying subject SP9 leads to the internationally recognised Certified Enterprise Risk Actuary (CERA) qualification.
These subjects cover a variety of areas including life insurance, risk management, investment, derivatives, pensions, communication and modelling. Combining your choice of these with your development in machine learning skills will prepare you well for the modern world. You choose the combination that works for you.
Completing this degree gets you close to qualification as an actuary, with only one or two exams left to complete after leaving university. It typically speeds up your qualification by one or two years.
Self-Taught Courses On Enrolment
On enrolment, you will gain access to the following self-taught courses that you can use (if you wish):
In addition, enrolment at Heriot-Watt University gives you free access to LinkedIn Learning which contains thousands of online courses covering a wide range of subject areas.
Studying in Edinburgh
Edinburgh is a wonderful city close to the sea in Scotland in the United Kingdom. Heriot-Watt Edinburgh campus is established just to the west of the city in a beautiful green space. Transport links into the city centre are regular and travel by bus takes thirty minutes – and so you can choose the mix of city and campus life that you like best.
Edinburgh is the financial heart of Scotland and many such companies are based there. It is also a centre of arts and culture, with the famous Edinburgh International Festival taking place in August each year.
It is built on seven hills, and views regularly emerge and surprise as you walk the cobbled streets in the old town, or explore the beautiful sandstone buildings in the new town. Edinburgh Castle rises high in the centre of Edinburgh and is a big attraction for tourists.
Access to all other cities in the UK is straightforward, with fast travel to London for instance taking only 4 hours.
Delivery type: Full Time, Part Time available
Entry requires an excellent Bachelors or Masters degree, and for the student to have studied, and be proficient in, the application of a wide range of the early actuarial material. Broadly speaking, students need to have covered previously much of the syllabus of early Institute and Faculty of Actuaries subjects: CM1, CM2, CS1, CS2, CB1 and CB2.
The degree is challenging but rewarding. Working hard will get you a suite of exemptions and the ability to perform well in interviews in order to secure your first role in business.
If you have not passed most or all of the early actuarial Institute and Faculty of Actuaries subjects then our MSc in Actuarial Science (1 year) degree or our MSc in Actuarial Science and Management (2 year) degree may be better for you.
Students living in
Scotland
£12,344 per year
Students from Scotland
£24,176 per year
Students from EU
The amount you'll pay if you come to study here from somewhere in the EU.
£24,176 per year
Students from International
The amount you'll pay if you come to study here from a country outside the EU.
Heriot-Watt University has a 200-year history, and over that time has cultivated an outstanding reputation for its quality of teaching...
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