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Actuarial Finance MSc


Course Description

Actuaries evaluate and manage financial risk. They apply advanced mathematical and statistical techniques to solve financial problems, assess the likelihood of a particular event and the possible financial costs. The role of the actuary is increasingly important in the current economic climate, where volatile markets are contributing to financial uncertainty.

Our MSc Actuarial Finance will introduce you to essential business topics and enable you to apply your quantitative skills to solve complex business problems, such as risk management, insurance and derivatives. You’ll gain comprehensive knowledge in business areas such as accountancy, corporate finance and economics, as well as key analytical techniques, processes and models that have significant applications in actuarial finance.

The Business School has strong links with the actuarial profession and the insurance and pensions industry, giving you the opportunity to interact with practising actuaries and industry experts.

Academic excellence

This course is delivered in partnership with the University’s School of Mathematics. You’ll learn from leading academics based in both schools, giving you access to world-class expertise in both areas.

As a student, you will be able to access the knowledge of our advanced specialist research units, which also have strong links with leading institutions in the US, Europe and Asia. These include the Centre for Advanced Study in Finance (CASIF), the Institute of Banking and Investment (IBI) and the Credit Management Research Centre (CMRC).

You will also benefit from our strong relationships with the actuarial profession. This provides a connection to the latest developments in the industry and gives you a masters degree that is relevant to the contemporary environment.

Course content

You’ll take compulsory modules in corporate finance and economics allowing you to put your work into context and understand the importance of the role played by actuaries. At the same time, you’ll build your mathematical skills with classes in applied statistics and probability, as well as discrete time finance.

Building on this, you’ll study continuous time finance and gain an understanding of how different stochastic processes and survival models are applied to actuarial science. This will compliment your studies in topics such as accounting, professionalism and ethics, international investment and portfolio risk management.

Throughout the year you’ll build your professional skills with a core module focussing on critical practical skills that will prepare you for the workplace. At the end of the course, you’ll bring together your business, mathematical and professional knowledge to complete an independent project on a topic of your choice, which will demonstrate your ability to apply the skills you’ve gained.

Course structure

Compulsory modules

  • Portfolio Risk Management 15 credits
  • Corporate Finance 15 credits
  • Professionalism & Ethics for Actuaries 15 credits
  • International Investment 15 credits
  • Economics for Business 15 credits
  • Financial Reporting and Analysis 15 credits
  • Applied Statistics and Probability 15 credits
  • Discrete Time Finance 15 credits
  • Models in Actuarial Science 15 credits
  • Continuous Time Finance 15 credits
  • Projects in Actuarial Finance 30 credits

For more information on typical modules, read Actuarial Finance MSc in the course catalogue

Learning and teaching

Our tutors come from highly respected professional and academic backgrounds. We use a range of teaching methods so you can benefit from their expertise including lectures, workshops, seminars, computer simulations and tutorials.

In addition to the assessed modules and research dissertation, you benefit from professional training activities and employability workshops.

Independent study is also an important part of the course, allowing you to prepare for taught classes and sharpen your own research and critical thinking skills.

Assessment

Assessment methods emphasise not just knowledge, but essential skills development too. They include formal exams, group projects, reports, computer simulation exercises, essays and written assignments, presentations and reflective logs. This diversity enables you to develop a broad range of skills as preparation for professional life.

Career opportunities

As a graduate of this course you will be able to demonstrate in-depth knowledge of core actuarial principles, and the numerical and analytical skills to succeed in this rapidly changing complex environment.

Graduates have entered successful careers in insurance, pensions, accountancy, risk management and consultancy. Job prospects are wide ranging and include careers as accountants, consultants, scheme and insurance actuaries, and employment in investment banking and risk management.

As a result of the high level of quantitative skills developed, you also gain an excellent grounding for PhD study in accounting, finance and economics.

Careers support

We help you to achieve your career ambitions by providing professional development support and training as part of the Masters programme. You benefit from the support of a Professional Development Tutor, who will work with you to develop the important professional skills that employers value.

We’re committed to offering a wide range of development and training opportunities. Recent activities have included CV building and interview sessions, professional risk management workshops and commercial awareness networking events.

Read more about our careers and professional development support.

The University of Leeds Careers Centre also provides a range of help and advice to help you plan your career and make well-informed decisions along the way, even after you graduate.


Visit the Actuarial Finance MSc page on the University of Leeds website for more details!

Student Profiles
(Scholarship)

Business School General Scholarships - 20+ Awards

There are two financial awards for University of Leeds alumni joining the Business School:- Leeds Alumni Bursary
University of Leeds graduates are entitled to a 10% bursary towards tuition fees. Leeds graduates with a First Class undergraduate degree are also eligible for the Leeds University Business School Alumni Excellence Scholarship (details below). - Leeds University Business School Alumni Excellence Scholarship
University of Leeds graduates who achieved a First Class award in their undergraduate degree are eligible for this scholarship. Fully funded students are not eligible for this scholarship.

Value of Scholarship(s)

10% bursary towards fees

Eligibility

- Leeds Alumni Bursary
If you are a former student of the University of Leeds you may be eligible for a 10% alumni tuition fee bursary. - Leeds University Business School Alumni Excellence Scholarship
University of Leeds graduates who achieved a First Class award in their undergraduate degree are eligible for this scholarship. Applicants who qualify for this scholarship are also entitled to receive the Leeds Alumni Bursary (details above) and so resulting in a total award of 20%. For more information on eligibility and qualifying awards, please visit the Leeds University Business School website (listed below).

Application Procedure

All eligible applicants with an offer to study a Masters programme beginning in September 2017 will automatically be advised by our Admissions team.

Further Information

http://business.leeds.ac.uk/masters/scholarships/


(Scholarship)

Masters in Finance Scholarship in Partnership with Chulalongkorn University, Bangkok - 2 Awards

2 half fee scholarships towards the cost of tuition fees.As well as meeting the conditions for your offer, you will need to demonstrate the following;- Outstanding academic credentials i.e. likely to be in the top 20 percent of your class
- Evidence of achievement explained in your personal statement (for example prizes or awards received, where you were placed in your class)
- Strong academic reference(s)
- That you bring diversity of background to the classWe will also consider your potential to be a successful ambassador for the Business School.

Value of Scholarship(s)

half-fee

Eligibility

All students from Chulalongkorn University who have received an offer to study any of the following Masters programmes in 2017/18:MSc Accounting and Finance
MSc Actuarial Finance
MSc Banking and International Finance
MSc Finance and Investment
MSc Financial Mathematics
MSc Financial Risk Management.

Application Procedure

All students from Chulalongkorn University with an offer to study will automatically be considered for a scholarship against set criteria. There is no additional scholarship application process.You will be told by the end of April 2017 if you have been successful.

Further Information

http://www.business.leeds.ac.uk/masters/scholarships


(Scholarship)

Masters in Finance Scholarship in Partnership with Tara Shevchenko National University of Kyiv - Single Award

One scholarship for the full tuition fee.As well as meeting the conditions for your offer, you will need to demonstrate the following;- Outstanding academic credentials i.e. likely to be in the top 20 percent of your class
- Evidence of achievement explained in your personal statement (for example prizes or awards received, where you were placed in your class)
- Strong academic reference(s)
- That you bring diversity of background to the class.We will also consider your potential to be a successful ambassador for the Business School.

Value of Scholarship(s)

Full-fee

Eligibility

All students from Taras Shevchenko National University of Kyiv who have received an offer to study any of the following Masters programmes in 2017/18:MSc Accounting and Finance
MSc Actuarial Finance
MSc Banking and International Finance
MSc Finance and Investment
MSc Financial Mathematics
MSc Financial Risk Management.

Application Procedure

All students from Taras Shevchenko National University of Kyiv with an offer to study will automatically be considered for a scholarship against set criteria. There is no additional scholarship application process.You will be told by the end of July 2017 if you have been successful.

Further Information

http://www.business.leeds.ac.uk/masters/scholarships


(Scholarship)

Masters in Accounting and Finance International Excellence Scholarships - 10 Awards

10 scholarships covering half the cost of tuition fees.To be considered for the scholarship you must:- Hold a conditional or unconditional offer for the relevant Masters programme for 2016/2017.
- Demonstrate an excellent academic track record
- Show excellent professional and personal skills evidenced through work experience and/or extra-curricular activities.

Value of Scholarship(s)

half-fee

Eligibility

Particularly deserving international applicants wishing to undertake the following Masters programmes in 2016/2017:MSc Accounting and Finance
MSc Actuarial Finance
MSc Banking and International Finance
MSc Finance and Investment
MSc Financial Mathematics
MSc Financial Risk Management

Application Procedure

Once you have been made an offer for the relevant Masters programme, you can apply for the scholarship by downloading the Masters in Accounting and Finance International Excellence Scholarship application form via the Leeds University Business School website (listed below)The deadline for 2017/2018 applications has now passed.

Further Information

http://business.leeds.ac.uk/masters/scholarships/


(Scholarship)

Masters in Accounting and Finance UK/EU Excellence Scholarships - 10 Awards

10 half-fee scholarships towards the cost of tuition fees.To be considered for the scholarship you must:- Hold a conditional or unconditional offer for the relevant Masters programme for 2016/2017.
- Demonstrate an excellent academic track record
- Show excellent professional and personal skills evidenced through work experience and/or extra-curricular activities.

Value of Scholarship(s)

half-fee

Eligibility

Particularly deserving UK/EU applicants wishing to undertake the following Masters programmes in 2016/2017:MSc Accounting and Finance
MSc Actuarial Finance
MSc Banking and International Finance
MSc Finance and Investment
MSc Financial Risk Management
MSc Financial Mathematics

Application Procedure

Once you have been made an offer for the relevant Masters programme, you can apply for the scholarship by downloading the Masters in Accounting and Finance International Excellence Scholarship application form via the Leeds University Business School website (listed below)The deadline for applications is:
31 July 2017, 23:59 (UK Time)

Further Information

http://business.leeds.ac.uk/masters/scholarships/


(Scholarship)

Dean's Excellence Scholarship - UK/EU - Single Award

A full-fee scholarship, which provides a bursary covering tuition fees.For eligible applicants to any Business School Masters programme in 2017/18.

Value of Scholarship(s)

Full-fee

Eligibility

This scholarship is available to all academically outstanding students from the UK/EU who are applying for a Masters programme at Leeds University Business School.

Application Procedure

Once you have been made an offer for the relevant Masters programme, you can apply for the scholarship by downloading the Dean's Excellence Scholarship application form via the Leeds University Business School website (listed below)The deadline for applications is:
31 July 2017, 23:59 (UK Time)

Further Information

http://business.leeds.ac.uk/masters/scholarships


(Scholarship)

Dean's Excellence Scholarship - International - Single Award

A full-fee scholarship, which provides a bursary covering tuition fees.For eligible applicants to any Business School Masters programme in 2017/18.

Value of Scholarship(s)

Full-fee

Eligibility

This scholarship is available to all academically outstanding international students who are applying for a Masters programme at Leeds University Business School.

Application Procedure

Once you have been made an offer for the relevant Masters programme, you can apply for the scholarship by downloading the Dean's Excellence Scholarship application form via the Leeds University Business School website (listed below)The deadline for 2017/2018 applications has now passed.

Further Information

http://business.leeds.ac.uk/masters/scholarships



Entry Requirements

A bachelor degree with a 2:1 (hons) in a related subject such as mathematics, statistics, economics or finance. You must have a strong grounding in quantitative subjects with high scores in quantitative modules. English language requirements: IELTS 6.5 overall, with no less than 6.0 in any component.

Last Updated

07 August 2017

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