If you aspire to become an actuary, our MSc in Actuarial Science and Management takes you through the required exams almost to the point of qualification with the Institute and Faculty of Actuaries (IFoA) in the UK.

Your journey spans two enriching years. In the first year, you'll immerse yourself in mathematical subjects, building a strong foundation. In the second year, you'll apply these mathematical principles to real-world situations. Moreover, during this stage, you'll have the opportunity to expand your horizons by choosing from a range of modules, including those related to machine learning.

As an aspiring actuary, your expertise will find application in various sectors, including:

• life insurance
• general insurance
• pensions
• Investment
• Banking

Your career prospects extend beyond these, encompassing roles in:

• Fund Management Companies
• Hedge Funds
• Consultancies
• Software Vendors
• Regulatory Authorities.

What makes this career truly enjoyable is the consistent use of your mathematical prowess to solve complex problems and make insightful predictions about the future. Your journey towards becoming a qualified actuary is not only intellectually stimulating but also professionally rewarding, offering you a world of opportunity upon graduating.

Tailored for success as an Actuary

This programme has been uniquely designed to offer a blend of technical mastery, business acumen, and communication skills essential for a successful actuarial career.

Developed in collaboration with industry leaders, it ensures the acquisition of sought-after skills, setting you apart in interviews and excelling in real-world tasks.

Gain a competitive edge with an intensified focus on software tools like Excel and R, and experience enriched learning through 'value-added' components, emphasizing teamwork and communication.

Self-Taught Courses On Enrolment

On enrolment, you will gain access to the following self-taught courses that you can use (if you wish):

• Introduction To R Programming
• Introduction To Python Programming (For R Users)
• Report Writing

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.

Why choose 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.

English Language Requirements

If your first language is not English, we'll need to see evidence of your English language ability.

The minimum English language requirement for entry to this programme is IELTS 6.0 (or equivalent) with no score lower than 5.5.

If you do not have IELTS 6.0, we offer a range of English language courses to help you meet the English language requirement for this programme prior to commencing your studies.

Please see our detailed English language requirements.