The programme is primarily intended for graduates with a strong mathematical background. Our normal minimum entry requirement is the equivalent of a UK 2.1 degree in mathematics, statistics or a related discipline with a high mathematics or statistics content. We are also looking for students who are keen to join the actuarial profession, have a willingness to work hard and a drive to succeed.
Months of entry
This exciting 2-year MSc programme at Heriot-Watt University is designed to kick-start your career as an actuary, preparing you to take a leading role in managing risk in financial institutions worldwide.
Entry to the actuarial profession is by a demanding series of examinations, but the rewards after qualifying are great. The Institute and Faculty of Actuaries
in the UK have four levels of examinations to qualify: The first level, the Core Technical (CT) subjects are taught in Stage 1 and lead to exemptions from CT1 to CT8. Students will typically study CT1, CT5 and can choose from some or all of the remaining CT subjects.
Stage 2 covers the more advanced actuarial subjects and offers exemptions from the syllabuses of the Core Application subjects CA1 and CA3 and Specialist Technical subjects ST2, ST4, ST5, ST6 and ST9. Students will typically study CA1, CA3 and up to three ST subjects (two ST subjects are needed to satisfy the profession's requirements).
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 (CT, CA and ST subjects) 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.
Our most recent graduates from Heriot-Watt have been employed by firms such as Ernst & Young, Scottish Widows, Standard Life, Punter Southall, Aegon, Bank of Ireland, Prudential, Cigna, Hymans Robertson, Royal Liver Assurance, Tower Watson and Austin Consulting.
Information for international students
The minimum requirement for English language is IELTS overall 6.5 (with no score lower than 5.5 in any individual category). or equivalent. We also offer a range of pre-sessional English language courses to help you meet the English language requirement prior to starting your masters programme.