Overview
Actuarial Science MSc Who is it for?
Take this first step to a rewarding career as an actuary if you have strong technical ability, an interest in solving business problems, and an appreciation of the risks that changes in the world bring about.
Our MSc in Actuarial Science gives you a firm grounding in the fundamentals of actuarial science in insurance, finance and investment, and business analytics methods. You will have the equivalent of UK upper second class degree in a highly quantitative programme, so you will be ready to study in detail the mathematical and statistical techniques for measuring the probability and risk of future events and their financial impact on a business and/or their clients.
You will be taught and receive advice on study and exam techniques by qualified actuaries, academics and other subject-specialists with commercial experience and research expertise.
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Accreditation
Accredited by the Institute and Faculty of Actuaries and recognised as a Center of Actuarial Excellence (CAE) by the Society of Actuaries.
Why choose this course?
An enduring and constantly evolving degree embracing traditional and cutting-edge actuarial fields
Ranked 1st in Europe for actuarial research. Top 50 UNL Global Research Rankings of Actuarial Science and Risk Management & Insurance.
Course objectives
As the needs of the actuarial profession and the Institute and Faculty of Actuaries evolve, the skill set of actuaries is used in wider applications in both traditional and non-traditional fields, and the intake of overseas members increases, this programme is designed to reflect these challenges and ensure that it is fit for purpose for actuaries in an ever-changing global business environment. It is very flexibly designed offering you several study options to choose from.
On this postgraduate course, you will study statistics, probability, stochastic processes, survival models, economics, finance and investment, insurance, pensions, financial modelling and contracts valuation, with computer-based applications.
This broad and varied syllabus is equivalent to the Institute and Faculty of Actuaries’ Core Mathematics, Core Statistics and Core Business professional examinations (Subjects CM1, CM2, CS1, CS2, CB1, CB2), and enables you to gain exemptions from them. In addition, you will have the opportunity to study modelling practice, by applying actuarial techniques to solve real-world problems, and communication with non-actuaries on topics related to actuarial practice, that will enable you to gain exemptions from Subjects CP2 and CP3.
Finally, you will be offered a collection of Business Analytics modules to select from as electives.
If you succeed on the MSc in Actuarial Science or the MSc in Actuarial Science with Business Analytics you can also proceed to the MSc in Actuarial Management.
"As one of the finest business schools in the world, I hoped it would offer me an open career path into one of the major organisations in London. Bayes is also the only school in London that offers an MSc in Actuarial Science. The modules were very practical, and have enabled me to apply my learning to what I do now. For example, I did modules in pensions, and machine learning and contingencies. These provided me with a strong basis and understanding of all the business concerns that are applied to my work."
- Andreas Chatzineofytou
Teaching staff
The teaching staff on the MSc in Actuarial Science have many years of practical experience working in the insurance, pensions and financial services sectors and are also active researchers in their fields. This knowledge and experience inform the highly interactive lectures that make up the MSc in Actuarial Science.
Course director:
Module leaders include:
- Professor Vali Asimit
- Dr Zoltan Butt
- Dr Michail Chronopoulos
- Dr Russell Gerrard
- Mr David Hargreaves
- Dr Zaki Khorasanee
- Dr Pietro Millossovich
- Professor Jens Perch Nielsen
- Dr Iqbal Owadally
- Professor Keith Pilbeam
- Professor Rosalba Radice
- Professor Ben Rickayzen
- Dr Simone Santoni
- Mr Nick Silver
- Dr Douglas Wright
- Dr Rui Zhu.
Accreditation details
Bayes Business School is recognised as a Center of Actuarial Excellence (CAE) from the Society of Actuaries (SOA), one of the main actuarial professional bodies in the US. Together with our accreditation by the Institute and Faculty of Actuaries in the UK, this reinforces our establishment as a global hub for actuarial studies and intellectual capital development. Our courses are also recognised as preparing students for certain SOA actuarial exams.