Actuarial Science, Postgraduate Diploma | University of Essex | Colchester, United Kingdom
9 months
15792 GBP/year
7360 GBP/year
Tuition fee
Apply date
Start date


The Actuarial Science course at the University of Essex is taught by the Department of Mathematical Sciences and is intended for students with a first degree in mathematics, statistics, economics or finance who would like to acquire knowledge in actuarial science.

Visit the official programme website for more information


The Postgraduate Diploma Actuarial Science course at the University of Essex  is based on the syllabus of the majority of the core subjects of the Institute and Faculty of Actuaries, so you’ll cover subjects as part of your course CB1 (Business Finance) depending on the optional module selected, CM2 (Financial Engineering and Loss Reserving) and CS2 (Risk Modelling and Survival Analysis). This focus on up-to-date research findings in actuarial methodologies and actuarial applications means that you gain a solid training in actuarial modelling and actuarial analysis.

Your future

As a new course, we expect our graduates of MSc Actuarial Science to become actuaries in a range of industries. It has been predicted by the US Department of Labor that the employment of actuaries is expected to grow faster than any other occupation, making it a great prospect for a graduate job.

Aside from a rewarding career as an actuary (actuaries were in the top ten jobs in 2016,, clear thinkers are required in every profession, so the successful mathematician has an extensive choice of potential careers. The Council for Mathematical Sciences offers further information on careers in mathematics.

Programme Structure

Courses include:

  • Bayesian Computational Statistics
  • Contingencies
  • Statistical Methods
  • Stochastic Processes
  • Financial Derivatives
  • Research Methods

Key information


  • Full-time
    • 9 months

Start dates & application deadlines

More details

We recommend that you apply as soon as you are able to .


IELTS admission requirements IELTS


120 alternative credits


On Campus

Academic requirements

GPA admission requirements GPA
Lower Second Class

English requirements

IELTS admission requirements IELTS

Other requirements

General requirements

  • A 2:2 degree in one of the following subjects: Mathematics, Statistics, Operational research, Finance, Economics, Business Engineering, Computing, Biology, Physics or Chemistry.
  • Applicants with a degree below 2:2 or equivalent will be considered dependent on any relevant professional or voluntary experience and previous modules studied.

Tuition Fee

To alway see correct tuition fees
  • International

    15792 GBP/year
    Tuition Fee
    Based on the tuition of 15792 GBP per year during 9 months.
  • National

    7360 GBP/year
    Tuition Fee
    Based on the tuition of 7360 GBP per year during 9 months.

Living costs for Colchester

660 - 1140 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 Essex


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