12 months
24850 GBP/year
14500 GBP/year
Tuition fee
Apply date
Start date


The Actuarial Science course at the University of Strathclyde has been developed to produce graduates who can clearly demonstrate an understanding of the mathematical models used in actuarial calculations, their computer implementations, and the financial and economic contexts of these calculations.


The Actuarial Science course at the University of Strathclyde is an innovative cross-faculty alliance between the Strathclyde Business School and the Faculty of Science.

The course is designed so that students who have a strong aptitude for mathematics and statistics, but who have not studied these topics in detail in their undergraduate degree, can learn the necessary skills to move into the financial industry. Therefore the first semester provides foundation classes in statistics, mathematics, finance and economics that require no previous background in these topics.


The increasing accessibility of healthcare and changes to insurance regulation are driving high demand for actuaries and, once qualified, actuaries are able to work anywhere in the world.

Graduates of this course wishing to pursue a career as an actuary will typically work at an insurance company or at a consultancy.

Most graduates enter the profession by joining a company as an actuarial trainee or risk analyst at the same time as studying for professional exams.

Most trainees begin their careers in the financial services industry, particularly in the traditional employment areas of insurance and pensions.

Actuaries typically work in the following areas:

  • banking
  • corporate finance
  • investment management
  • life, healthcare and general insurance
  • pensions


Accredited by the Institute and Faculty of Actuaries (IFoA); Accreditation By Subject Agreement for IFoA subjects CS1 and CB2.

Programme Structure

Courses include:

  •  Principles of Finance
  •  Foundations of Probability & Statistics
  •  Inference & regression Modelling
  •  Fundamentals of Macroeconomics
  •  Fundamentals of Microeconomics
  •  Behavioural Finance
  •  Security Analysis
  •  Portfolio Theory & Management
  •  Risk Management for Banks
  •  Financial Econometrics
  •  Financial Stochastic Processes
  •  Quantitative Risk Analysis
  •  Quantitative Business Analysis
  •  Risk Analysis & Management
  •  Bayesian Spatial Statistics
  •  Actuarial Science Summer Project

Key information


  • Full-time
    • 12 months

Start dates & application deadlines


180 alternative credits


On Campus

Academic requirements

GPA admission requirements GPA
Lower Second Class

Other requirements

General requirements

Minimum second-class honours degree or international equivalent in:

  • engineering
  • science subjects (eg physics, chemistry or computing science)
  • business subjects (eg business studies, accounting or economics)
Prospective students with relevant experience or appropriate professional qualifications are also welcome to apply.

Tuition Fee

To alway see correct tuition fees
  • International

    24850 GBP/year
    Tuition Fee
    Based on the tuition of 24850 GBP per year during 12 months.
  • National

    14500 GBP/year
    Tuition Fee
    Based on the tuition of 14500 GBP per year during 12 months.

Living costs for Glasgow

620 - 1012 GBP /month
Living costs

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.



Studyportals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.

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Actuarial Science
University of Strathclyde


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