MSc Actuarial Management

    MSc Actuarial Management at Heriot-Watt University

    MSc Actuarial Management at Heriot-Watt University

    The MSc Actuarial Management is a Master degree offered by Heriot-Watt University on the Edinburgh campus in United Kingdom. The program is delivered on campus as a Full Time course in English and requires approximately 2 years to complete. Students study at the Edinburgh campus while gaining the knowledge and practical experience expected for this area of study. The tuition fee is USD 33,548 / year, and the next intake is available from September 1, 2026.

    About MSc Actuarial Management

    The MSc in Actuarial Management gives you all the training you need to become an expert in actuarial business management, to be able to judge the right action to take, and to be able to persuade others of your ideas, in order to make the business successful.

    The MSc in Actuarial Management is fully accredited with the Institute and Faculty of Actuaries in the UK for subjects: CP1, CP2, CP3, SP2, SP4, SP5, SP6 and SP9.  In addition, studying subject SP9 leads to the internationally recognised Certified Enterprise Risk Actuary (CERA) qualification.  It is also possible to "catch up" with some of the earlier subjects that you may have missed – such as CB1, CB2 or CM2.

    These subjects cover a variety of areas including life insurance, risk management, investment, derivatives, pensions, communication and modelling.  You choose the best combination for you.

    Completing this degree gets you close to qualification as an actuary, with only one or two exams left to complete after leaving university.  It typically speeds up your qualification by one or two years.

    Studying in 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.

    It is built on seven hills, and views regularly emerge and surprise as you walk the cobbled streets in the old town, or explore the beautiful sandstone buildings in the new town.  Edinburgh Castle rises high in the centre of Edinburgh and is a big attraction for tourists.

    Access to all other cities in the UK is straightforward, with fast travel to London for instance taking only 4 hours.

    Requirements and Admission Criteria for MSc Actuarial Management at Heriot-Watt University

    Entry Requirements

    Entry requirements

    We have standard entry requirements for all of our courses that you will have to meet.

    Entry requires an excellent Bachelors or Masters degree, and for the student to have studied, and be proficient in, the application of a wide range of the early actuarial mathematical material. Broadly speaking, students need to have covered previously much of the syllabus of early Institute and Faculty of Actuaries subjects: CM1, CM2, CS1, CS2, CB1 and CB2.

    The degree is challenging but rewarding. Working hard will get you a suite of exemptions and the ability to perform well in interviews in order to secure your first role in business.

    If you have not passed most or all of the early actuarial Institute and Faculty of Actuaries subjects then our MSc in Actuarial Science (1 year) degree or our MSc in Actuarial Science and Management (2 year) degree may be better for you.

    English Requirements

    • PTEMin 64
    • IELTSMin 6.5
    • TOEFLMin 90

    English Program Requirements

    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.

    Fee Information

    Tuition Fee
    33,548 / year
    MSc Actuarial Management at Heriot-Watt University
    Heriot-Watt University
    Heriot-Watt University
    United Kingdom

    United Kingdom, Edinburgh

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