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Actuarial Science, M.Sc.

  • Anytime
    Application Deadline
  • 12 months
    Duration
University rank #349 (QS) ,
The MSc in Actuarial Science from City, University of London offers you a firm grounding in the fundamentals of actuarial science in insurance, finance and investment.

About

The MSc in Actuarial Science from City, University of London will propel you into the profession. 

The programme is delivered via face-to-face lectures from qualified actuaries, academics and other subject-specialists, complemented by dedicated online support, easy access to faculty members, and advice on study and exam techniques. Lecturers use their commercial experience and research expertise to deliver a challenging, relevant and intellectually stimulating course.

During the Induction period, which is compulsory, a variety of activities are offered to students, to support them in their learning and professional development. Cass Careers offers workshops with a focus on the key skills that employers are looking for, as well as preparing students for the application process. The annual MSc Careers Fair at this time provides the opportunity to meet over 60 companies who are recruiting across many sectors including insurance, pensions, finance, energy, and other fields. Furthermore, innovative workshops are run on advanced study skills and obtaining practical insight to actuarial work.

Career opportunities

Actuaries are experts in risk management. They mainly work for insurance companies, consultancy firms, banks and investment managers. They work in the areas of:

  • General Insurance
  • Health and Care
  • Investment
  • Life Insurance
  • Pensions
  • Financial Risk Management.

Accreditation

  • The programme is accredited by the Institute and Faculty of Actuaries to offer exemptions from up to eight of their Core Technical professional examinations.

Programme Structure

Courses Included:

  • Financial Mathematics
  • Finance & Financial Reporting
  • Probability & Mathematical Statistics
  • Business Economics 
  • Research Methods for Actuarial Professionals

Detailed Programme Facts

  • More details:
    • Rolling admissions from November to August
  • Programme intensity Full-time
    • Full-time duration 12 months
  • Languages
    • English
  • Delivery mode
    Blended

English Language Requirements

You need the following IELTS score:

  • Minimum required score:

    7

    The IELTS – or the International English Language Test System – tests your English-language abilities (writing, listening, speaking, and reading) on a scale of 1.00–9.00. The minimum IELTS score requirement refers to which Overall Band Score you received, which is your combined average score. Read more about IELTS.

    Schedule IELTS

    Studyportals Tip: The UK government has confirmed new English-language testing requirements for visa and immigration purposes. Learn more

Academic Requirements

You need the following GPA score:

Required score: Upper Second Class

Applicants for graduate programs must have the equivalent of a bachelor’s degree with a minimum GPA equivalent to Upper Second Class on the UK Honour scale. Admitted applicants typically have an undergraduate GPA of or better on the UK Honour scale. No exam grade should be lower than 4.5 (European grade scale) or D (American grade scale).

Your GPA (Grade Point Average) is calculated using the grades that you received in each course, and is determined by the points assigned to each grade (e.g. for the US grading scale from A-F).

General Requirements

  • A UK upper second class degree or above, or the equivalent from an overseas institution, in a highly quantitative programme such as mathematics or statistics is required to enter this course.

Tuition Fee

  • International

    20000 GBP/year
    Tuition Fee
    Based on the original amount of 20000 GBP per year and a duration of 12 months.
  • EU/EEA

    20000 GBP/year
    Tuition Fee
    Based on the original amount of 20000 GBP per year and a duration of 12 months.
We've labeled the tuition fee that applies to you because we think you are from and prefer over other currencies.

Living costs for London

  • 1137 - 2160 GBP/month
    Living Costs

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

Funding

Scholarship applications are competitive and we recommend that you prepare a back-up source of funding.

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.

The Global Study Awards: get funded with up to £10,000 to study abroad

Together with the ISIC Association and British Council IELTS, Studyportals offers you the chance to receive up to £10000 to expand your horizon and study abroad. We want to ultimately encourage you to study abroad in order to experience and explore new countries, cultures and languages.

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