Actuarial Science MSc
    Duration1 year(s)
    Tuition Fee
    GBP 35,213 / year(s)
    Next IntakeSeptember 1, 2026

    Actuarial Science MSc

    About

    The MSc Actuarial Science is a full-time postgraduate programme aimed primarily at students with undergraduate degrees from quantitative disciplines such as maths, statistics, finance or any other programme with a high degree of mathematical content. The programme encompasses modules across the areas of actuarial mathematics, statistics, economics and finance, to provide graduates with the knowledge and skills to pursue a career as an actuary. This programme provides students with the opportunity to accrue exemptions from six of the earlier Institute and Faculty of Actuaries’ IFoA professional exams (CM1-2, CB1-2 and CS1-2) in addition to undertaking postgraduate study.

    Actuarial Science highlights

    Professional Accreditations

    Subject to academic performance, students can gain up to six exemptions from the Institute and Faculty of Actuaries (IFoA) professional exams.

    Industry Links

    A ‘City Tour’ to London is organised every year, giving students the opportunity to meet actuarial employers in the city. Various networking events with industry leaders are also organised on campus. Lecturers also bring in guest lecturers from industry (e.g. actuaries working in different practice areas) to speak to students during their courses.

    Internationally Renowned Experts

    There are four fully qualified FIA actuaries in the faculty, with extensive industry experience. You will be taught by these qualified actuaries as well as academics, many of whom also have industry experience in various fields such as banking and insurance.

    Students have the opportunity to engage with industry professionals who regularly deliver guest lectures.

    Student Experience

    The Student Managed Fund gives students the opportunity to manage a real money portfolio where they do the research and decide on their investment strategy.

    World Class Facilities

    Queen’s Business School (QBS) has recently undergone an innovative expansion that establishes a benchmark of global excellence for one of the top business schools in the UK and Ireland. A stunning new 6,000 square metre building, adjacent to the listed red-brick Riddel Hall has been designed with the latest digital infrastructure for media lecture capture, TED Talk provision and collaborative breakout sessions.

    Fostering an enhanced social and educational experience the new state-of-the-art QBS venue boasts a 250-seat tiered educational space; 120-seat Harvard style lecture theatre; 150-seat computer laboratory; breakout study spaces; FinTrU Trading Room; a café, and a Business Engagement and Employability Hub.

    Students on the course will be given the opportunity to develop their financial modelling skills and will use software such as Python and R and have access to the Bloomberg terminals in the FinTrUTrading Room.

    Requirements

    Entry Requirements

    Normally a strong 2.2 Honours degree (with minimum of 55%) or equivalent qualification acceptable to the University in a highly quantitative discipline such as Mathematics, Statistics, Finance, Computer Science, Actuarial Science or Economics. This MSc requires prior mathematical knowledge therefore a strong performance in quantitative modules with mathematical content is required. Applicants must normally have achieved 2:1 standard or above in relevant modules such as Calculus; Linear Algebra; Differential equations; Probability; Statistics; Econometrics.

    Applicants are advised to apply as early as possible and ideally no later than 15th August 2025 for courses which commence in late September. In the event that any programme receives a high number of applications, the University reserves the right to close the application portal prior to the deadline stated on course finder. Notifications to this effect will appear on the application portal against the programme application page.

    Please note: international applicants will be required to pay a deposit to secure a place on this course.

    English Requirements

    • IELTSMin 6.5
    • TOEFLMin 90

    English Program Requirements

    Evidence of an IELTS* score of 6.5, with not less than 5.5 in any component, or an equivalent qualification acceptable to the University is required. *Taken within the last 2 years

    International students wishing to apply to Queen's University Belfast (and for whom English is not their first language), must be able to demonstrate their proficiency in English in order to benefit fully from their course of study or research. Non-EEA nationals must also satisfy UK Visas and Immigration (UKVI) immigration requirements for English language for visa purposes.

    For more information on English Language requirements for EEA and non-EEA nationals see: www.qub.ac.uk/EnglishLanguageReqs.

    If you need to improve your English language skills before you enter this degree programme, INTO Queen's University Belfast offers a range of English language courses. These intensive and flexible courses are designed to improve your English ability for admission to this degree.


    Career

    Actuaries are constantly in demand and their skills are continually included in highly skilled occupation listings and for skills in demand listings. The Bureau of Labour Statistics project that employment of actuaries is expected to increase by 20% between 2018 and 2028.

    Actuaries primarily work in insurance and financial services, which are heavily regulated and require a number of statutory disclosures. Graduates from the Actuarial Science programme obtain employment across the world, but particularly in Dublin and London. Dublin has seen an influx of financial services companies either entering the market for the first time or increasing their footprint in Ireland, as a result of the United Kingdom’s withdrawal from the European Union. Another primary driver for the demand for actuaries has been changes in legislation. A recent example is the implementation of Solvency II for the insurance industry, which caused a spike in the demand for actuaries and enabled actuaries to develop new transferable skills. Furthermore, the International Accounting Standards Board has published the new accounting standard for insurance contracts, IFRS 17. This standard was implemented in 2023 and there is a healthy demand for actuaries to help insurance companies embed the standard.

    Finally, with the growth in data science and Insurtech, new, more technology based opportunities are available for actuaries. Rather than automation being a threat for actuaries, these new tools will enable actuaries to help their clients make better decisions, which contribute to the positive outlook for actuaries in the long term.

    Actuaries are renowned for having excellent opportunities for strong salary progression, with many actuaries earning six figure incomes. Sample salaries for many different actuarial roles can be viewed here:
    https://proactuary.com/resources/salary

    Fee Information

    Tuition Fee
    35,213 / year(s)

    Actuarial Science MSc

    Queen's University Belfast

    Queen's University Belfast

    United Kingdom

    United Kingdom, Belfast