MasterRecommended

Master of Actuarial Science and Management

Heriot-Watt University Edinburgh

Edinburgh, United Kingdom
2 years
English
On campus
Master

About the program

Two-year actuarial master's that takes students close to full professional qualification.

Program highlights

Internship available: no
Placement support: yes
Work during study: yes
Post-study work rights (5 years): yes
PR pathway friendly: no

What you will learn

Develop foundational and applied understanding of Actuarial Science and Management. Practice critical evaluation and communication in the subject. Apply relevant academic or professional methods in appropriate contexts.

Career outcomes

Actuary
Actuarial consultancies
Insurance
Pensions
Investment
Banking

Curriculum

Stage 1 consists of up to ten courses such as Financial Mathematics Fundamentals
Life Contingencies
Statistical Methods
Economics
Finance and Financial Reporting
Actuarial Applications and Financial Economics for Actuarial Science
Stage 2 applies these principles and offers a choice of further modules plus a dissertation.

Entry requirements

Academic

Normally a UK 2:2 honours degree or a non-UK equivalent in a relevant subject
Some programmes ask for a 2:1 or for subject content such as mathematics
Computing or psychology. Relevant professional experience is considered for some programmes. Interpreting and translating programmes assess language proficiency.
UK 2:2 honours degree or non-UK equivalent (most programmes
2:1 for Actuarial and some maths/engineering programmes
Stated per programme).

Accepted academic background

Bachelor's degree (honours) in a relevant subject, Some engineering/biomedical programmes accept strong professional experience, Interpreting/translating needs language proficiency and a test.

Language tests

IELTS 6.0
TOEFL iBT 79
PTE Academic 63
Cambridge 169
Duolingo 120

Documents you’ll need

Academic Transcripts.

How to apply

Check the programme page for entry requirements and start date. Apply at least 6 weeks before teaching starts if you need a visa. Apply through the online application form (create an account. No application fee is published). Upload your transcript
Passport copy and English evidence
Plus any personal statement requested. Some programmes may invite you to an online or in-person interview. Accept your offer once conditions are met and pay the non-refundable advance instalment of first-year fees unless a sponsor pays. Request your CAS
Then apply for the student visa showing tuition plus maintenance (up to 10
539 GBP).

Other costs

Tuition per year	£25,704 GBP
Application fee	£50 GBP
Deposit	£2,000 GBP

Program details

Campus	Edinburgh Campus
Faculty or school	Faculty or school requires confirmation
Department	Department of Actuarial Science and Management
Teaching language	English
Credit value	120
Study pace	Fixed
Post-study stay	5 years
Scholarship note	Scholarship consideration may depend on the specific program, Academic merit, Applicant status and available funding.

Intakes and deadlines

Program starts
September 2027
Apply by
15 Jun 2027
213 days left

Frequently asked questions

The program takes 2 years.