Actuarial Science and Diploma in Industrial Training Heriot-Watt University

Undergraduate

Heriot-Watt is a world-leading centre of teaching and research in actuarial mathematics, financial mathematics, risk management, probability and statistics. As the first department to offer a BSc in Actuarial Science in the UK, we have over 40 years of experience in delivering excellence and our actuarial programmes are fully accredited by the UK actuarial profession (IFoA). We are also recognised as a Center of Actuarial Excellence by the North American Society of Actuaries (SOA), the world’s largest actuarial professional organization. We are the only Center of Actuarial Excellence in Europe.

Our Actuarial Science and Diploma in Industrial Training degree is ideal if you’re interested in maths and looking for a course that offers a rewarding career – both intellectually and financially. It is unique in that it combines the rigorous studies of the BSc (Hons) Actuarial Science programme with a year-long work placement. Lasting five years, this Honours programme is longer than standard. Good performance means students can gain exemptions from professional examinations (CT1-CT8) as well as 12 months’ experience of working in an organisation such as a life insurance company, a pension consultancy, an investment management firm or a bank. Successful completion of this work placement is essential to achieving the Diploma in Industrial Training. The work placement helps you to develop specific work-related skills, giving you the opportunity to apply and build upon the theory you learn in your studies. It allows you to take on real responsibilities, enhance your interpersonal skills through teamwork and communication and experience workplace culture.

The Diploma is available to all students, including those from overseas, as it does not require a work visa. It is your responsibility to find a suitable work placement; acceptance onto the programme does not guarantee you a placement. Our award-winning Careers Service will help you in your search. Our students have completed placements with PwC, Aegon, Prudential and Mercer. If you are registered on the programme but are unable to find a suitable work placement before the end of level 3, it is possible to transfer to the standard BSc (Hons) Actuarial Science degree.

Actuarial Science students at Heriot-Watt can take advantage of our international campuses by taking part in an Inter-Campus Transfer. This gives you the opportunity to study at our Malaysia campus for a semester or a year, while still benefitting from the same accreditation by the IFoA as in Edinburgh, with the chance to gain the same professional exemptions.
Our Students’ Actuarial Society (SAS) is entirely managed, enthusiastically and professionally, by our Actuarial Science students. With over 250 members, it is one of the largest societies dedicated to actuarial studies in the UK. Regular conferences, professional development and networking events with leading actuaries keep members up-to-date with the profession and in a prime position to begin their careers.

  • Qualification

    Bachelor of Science (with Honours) - BSc (Hons)

  • Study mode

    Full-time

  • Location

    Edinburgh Campus

  • Start date

    16 September 2019

  • Duration

    5 years


How to apply

Application deadlines

If your application is completed by the following date, it’s guaranteed to be considered:

15 January *

*If you apply after this deadline, universities or colleges don’t have to consider your application if they’ve filled their spaces, so the sooner you apply, the better!

Application codes

You will need these codes when you add a choice to your application.

Course code 5G5B
Institution code H24
Campus name Edinburgh Campus
Campus code -

Points of entry

This means the year in which you would like to start the course.

‘Year 1’ means you will start in the first year.

‘Year 0’ means you will enter onto a foundation year.

You may be able to start some courses in the second or third years, if you meet certain criteria. You will need to discuss this with the university or college directly.

The following entry points are available for this course:

  • Year 1

Entry requirements

Qualification requirements

Qualification Offer Further information
UCAS Tariff Not accepted
A level A A B including Mathematics at A for entry to Level 1.
For entry to Level 2: AAA including Mathematics.
Pearson BTEC Level 3 National Extended Diploma (first teaching from September 2016) Relevant BTEC qualifications are accepted; please contact the Admissions Tutor for further details.
Scottish Higher A A A B including Mathematics at A.
International Baccalaureate Diploma Programme 28 points with Higher Level Mathematics at 6 for entry to Level 1.
For entry to Level 2: A total of 30 points with Higher Level Mathematics at 7.
Scottish Advanced Higher A A B including Mathematics at A plus excellent Highers or Scottish Baccalaureate for entry to Level 2.

We accept a wide range of other qualifications from the UK, Europe and International countries. Please contact the Admissions Tutor for the programme for further information on the entry requirements for these.


English language requirements

Applicants whose native language is not English and who have not been educated previously in the English language must provide evidence of their English language ability to ensure they can cope with the demands of a Heriot-Watt programme taught and assessed in English. Further information about the English Language tests that we currently accept as proof of English Language ability including our own English Language programmes, can be viewed on our website.

HWU English Language Requirements

https://www.hw.ac.uk/study/entry/english-language-requirements.htm


Fees and funding

Tuition fees

Channel Islands £9,250 Year 1
EU £1,820 Year 1
International £14,640 Year 1
England £9,250 Year 1
Northern Ireland £9,250 Year 1
Scotland £1,820 Year 1
Wales £9,250 Year 1

Additional fee information

201920 tuition fees are subject to confirmation.