University of Strathclyde

Degree level: Postgraduate

Actuarial Science (Taught)

Course options

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Course summary

The MSc in Actuarial Science 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 programme 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.

Course details


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.

Assessment method

The form of assessment varies from class to class. For most classes the assessment involves both coursework and examinations.

Entry requirements

Minimum second class honours degree or international equivalent in: engineering; science subjects (e.g. physics, chemistry or computing science); business subjects (e.g. business studies, accounting or economics) Prospective students with relevant experience or appropriate professional qualifications are also welcome to apply. For Australia and Canada, normal degrees in relevant disciplines are accepted. This MSc requires some prior mathematical knowledge for example: - A level or equivalent or undergraduate classes in: Calculus; Linear Algebra; Differential equations; Probability; Statistics You must have an English language minimum score of IELTS 6.0 (with no component below 5.5).

Fees and funding

Tuition fees

England £14500 Year 1
Northern Ireland £14500 Year 1
Scotland £14500 Year 1
Wales £14500 Year 1
International £24850 Year 1

Additional fee information

No additional fees or cost information has been supplied for this course, please contact the provider directly.

Sponsorship information

Actuarial Science at University of Strathclyde - UCAS