Study Details: MSc 2 years full-time
Actuaries evaluate and manage financial risk. They make financial sense of the future for their clients by applying advanced mathematical and statistical techniques to solve complex financial problems.
Qualifying as an actuary is a passport to a wide variety of careers in insurance companies, investments, pensions, health care and banking – not just in the UK, but throughout the world.
Accreditation
Our Integrated Master’s programme is fully accredited by the Institute and Faculty of Actuaries. It is equivalent to the conversion MSc in Actuarial Science followed by the one-year MSc in Applied Actuarial Science.
The Integrated Master’s in Applied Actuarial Science programme provides a fast-track route to qualifying as an actuary.
Students who achieve a high enough overall mark in this programme can obtain exemptions from professional examinations. Specifically, in the first year of the programme, depending on the modules chosen, students may be eligible to gain exemptions from subjects CB1, CB2, CM1, CM2, CS1 and CS2 of the Institute and Faculty of Actuaries. In the final year of the programme, depending on the modules chosen, students are eligible to gain exemptions from subjects CP1, CP2, CP3, SP2, SP5, SP7, SP8 and SP9 of the Institute and Faculty of Actuaries.
A first or upper second class degree in mathematics, statistics or economics (although other subjects with a high mathematical content are acceptable).
For fees and funding options, please visit website to find out more.
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The UK Actuarial Profession is small, but influential and well rewarded. There are more than 6,500 actuaries currently employed in the UK, the majority of whom work in insurance companies and consultancy practices.
Survey results published by the Institute and Faculty of Actuaries suggest that the average basic salary for a student actuary is £35,936 with pay and bonuses increasingly sharply as you become more experienced. The average basic salary of a Chief Actuary is £206,236.
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