at Heriot-Watt University - Edinburgh Campus United Kingdom
Overview
Data science today is becoming increasingly important within the actuarial field, and Heriot-Watt has developed this unique new programme to meet this growing actuarial demand.
Taking our MSc in Actuarial Management with Data Science 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. Our MSc in Actuarial Management is an established and successful programme covering the more advanced actuarial subjects.The MSc in Actuarial Management with Data Science introduces exciting new opportunities for actuaries of the future.
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 has four levels of examinations to qualify. The first level, the Core Principles (CS, CM and CB) subjects, are taught in our BSc or MSc in Actuarial Science and lead to exemptions from subjects CS1, CS2, CM1, CM2, CB1 and CB2. Students will typically study CP1, CP2, CP3, two SP subjects (two SP subjects are needed to satisfy the profession's requirements) and two courses on data science applied to insurance.
Actuarial data science combines advanced statistical modelling and analysis with modern computational techniques in order to analyse potentially large datasets arising in insurance and finance. These analyses have the ability to improve forecasts and enhance decision making in an uncertain environment where rapid advancements in technology and data availability are transforming fields of actuarial work. Additionally, they are building synergies with new sectors such as medical and healthcare. This is an area of science and technology that is attracting significant interest and that will continue to grow for the foreseeable future, as more and more industries adopt data-driven and data-centric approaches.
Students graduating from the MSc will have excellent employment prospects that are not restricted to any one narrow sector of financial services. By their choice of IFoA subjects, they may target the life, pensions, asset management, investment and risk management sectors. They will be in demand in quantitative risk management roles in both banks and insurance companies, as well as fund management companies, hedge funds, consultancies, software vendors and regulatory authorities. The market for graduates with actuarial qualifications complemented with data science skills is growing fast and we expect that it will continue to grow for the foreseeable future.
30
Application Processing Days
Under Graduate
Program Level
Full Time On Campus
Study Mode
12
Duration
Heriot-Watt University - Edinburgh Campus
Location
$23112
Tuition Fee
$0
Average Cost of Living
$0
Application Fee

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There are various options through which a student can get a post study work visa in the UK.
Tier 1 Graduate Entrepreneur Visa for the graduates with a genuine and credible business idea.
Tier 2 (General) is the leading immigration visa to work in the UK.
Tier 4 Doctorate Extension Scheme is for students who have completed their Ph.D. and is valid for 12 months for them to work, look for work or set up a business.
Tier 5 Youth Mobility is for individuals of certain countries like Australia, Canada, Japan, Monaco, Hong Kong, South Korea, Taiwan, and New Zealand aged between 18 -30 who wish to move to the UK.
Tier 5 GAE is for individuals who want to come to the UK for work experience, training, research or a fellowship.
UK Ancestry is for individuals who are a citizen of a commonwealth and plan to work in the UK and have a grandparent who was born in the UK.
30
Application Processing Days
Full Time On Campus
Program Intensity
Under Graduate
Program Level
12
Duration
Natural Sciences & Mathematics
Master of Science in Actuarial Science and Management
This exciting 2-year MSc programme 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. Students that enrol onto this programme will follow the syllabus of MSc Actuarial Science in their first year and the MSc Actuarial Management programme in their second.
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.
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Duration
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Tuition
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Business Psychology with Intercultural Communication is a specialist Masters degree which offers professionals and graduates with backgrounds in Arts and Humanities, Business Management and Psychology the opportunity to gain a particularly employable skillset suited to working with multinational organisations.
This programme combines Business Psychology's specialist focus on leadership, diversity, change, and organisational culture, with Intercultural Communication’s focus on written and verbal communication in cross-cultural professional contexts. The development of these specialist skills will put graduates in the perfect position to make a positive impact on the performance, communication and culture of global organisations.
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Duration
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Chemistry is a dynamic and exciting subject which makes many important contributions to the world. It is a major contributor to the Scottish and UK economies and as such is a secure career pathway. Chemistry plays a crucial role in developing new medicines, materials and energy sources using greener methods for a better future.
At Heriot-Watt University, we make sure the theory we teach is linked to these practical applications so that when our students graduate they are ready to address the biggest of global challenges.
The courses within our five-year MChem Chemistry include extensive laboratory work throughout. They provide students with hands-on experience and opportunities to link theoretical knowledge from lectures to the real world. As a result, our students develop practical lab experience as well as much needed teamwork, problem solving and communication skills.
60 month
Duration
$ 20584
Tuition
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The highly interdisciplinary field of Marine Science aims to understand the biology, chemistry, geology and physics of this dynamic system so central to all our lives. It also considers the overarching influence of climate change and how policy can be brought to bear on managing the resources of the ocean as part of the Blue Economy.
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12 month
Duration
$ 22912
Tuition
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Our MSc International Business Management with HRM programme is aimed at graduates who have little or no business or management background in their first degree and who wish to gain a broad based business qualification to enhance their future career prospects, or at those looking to develop business management knowledge and skills to allow them to change or further their careers.
This is a conversion MSc
MSc International Business Management with Human Resource Management is a conversion degree programme led by academics from Edinburgh Business School. It introduces the study of business to graduates and professionals from other disciplines who wish to enhance their careers.
This degree introduces vital business and management knowledge to those with limited existing academic experience in the subject. It provides an opportunity to develop a set of versatile management skills in just one year of study. The modern management skills gained, coupled with specialist learning in the area of Human Resource Management, will complement existing knowledge and prepare graduates for a career change or a management role.
12 month
Duration
$ 18288
Tuition
Natural Sciences & Mathematics
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48 month
Duration
$ 16000
Tuition
Business & Management
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The MA in Finance is focused on graduate employability in the financial sector in its broadest sense. The course is a specialist degree responding to the rapid growth in global financial services. It is particularly suited to those seeking entry into the banking or investment management sectors, both nationally and internationally, covering a range of relevant specialist topics in finance.
Whilst studying this degree you will have the opportunity to enhance your employability skills through the use of Heriot-Watt's state-of-the-art Bloomberg Trading Lab which opened on Edinburgh campus in 2018. Students can use 16 industry-standard Bloomberg Trading Terminals to access up to the minute financial data and learn financial analytics as well as so much more.
48 month
Duration
$ 16000
Tuition
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Ranked 2nd in Scotland and 10th in the UK for Town and Country Planning and Landscape in The Times / The Sunday Times Good University Guide 2021.
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12 month
Duration
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Tuition
Engineering & Technology
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This programme makes use of Masters-level courses in the Energy Sciences and Manufacture and Design complemented with specialist courses from relevant MSc courses offered by the Institute. There is a growing need for an advanced mechanical engineering programme from our industry partners and this programme has been specifically developed to meet this need and to encourage students into further learning.
12 month
Duration
$ 22912
Tuition
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