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About Msc Actuarial Management With Data Science in Heriot Watt University, Edinburgh

Data Science (machine learning) uses computer algorithms to build models of the future.  Our MSc in Actuarial Management with Data Science will enable you to develop the skills to build and apply such models in an actuarial context. 

In addition, the degree is fully accredited with the Institute and Faculty of Actuaries in the UK for actuarial subjects: CP1, CP2, CP3, SP2, SP4, SP5, SP6 and SP9.  Studying subject SP9 leads to the internationally recognised Certified Enterprise Risk Actuary (CERA) qualification. 

These subjects cover a variety of areas including life insurance, risk management, investment, derivatives, pensions, communication and modelling.  Combining your choice of these with your development in machine learning skills will prepare you well for the modern world.  You choose the combination that works 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.

Entry requirements

• 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 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.

Heriot-Watt University Highlights

Heriot-Watt University Average Tuition Fees And Other Expenses

International students applying through UCAS can find their exact tuition expenses by submitting the Fee Status Enquiry form. The cost of living will be determined by the course opted as well as the applicant's nationality. Edinburgh has a comparatively lower cost than other UK cities. Estimate cost of living on and off-campus for UK Campuses is tabulated below: 

Living in a rented flat may vary according to the type of accommodation and facilities being availed. The estimated monthly cost including food and travel is £923.

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