Actuarial Management (MSc)

Who is it for?

You are a part-qualified actuary or a graduate from a recognised BSc and MSc in Actuarial Science or any other recognised programme with an actuarial flavour. You will have completed at least five subjects from the first Core Technical stage of the professional examinations of the Institute and Faculty of Actuaries.

Objectives

The MSc in Actuarial Management covers material relating to the second and third stages of the professional examinations of the Institute and Faculty of Actuaries, namely the Core Application subjects and Specialist Technical subjects. Taking this course at Cass means you are studying in the first institution in the UK to have both undergraduate and postgraduate programmes fully accredited by the UK Institute and Faculty of Actuaries.

You can also gain exemptions from the IFoA’s examinations. In particular, you can gain exemptions in Actuarial Risk Management (Subject CA1), Communications (Subject CA3) and most of the Specialist Technical (or ST) subjects.

What will you learn

• Demonstrate knowledge and understanding of the main areas of actuarial practice
• Demonstrate knowledge and understanding of the general commercial environment
• Demonstrate knowledge and understanding of how to monitor measure and manage risk effectively
• Apply actuarial, statistical and related methods to assess and manage risk
• Communicate effectively with non-specialists in the area
• Display the professional integrity, conduct and responsibility required by the actuarial profession.

Assessment

All our courses are regularly reviewed to keep them up-to-date on issues of both theory and practice.

Assessment of modules on the MSc in Actuarial Management, in most cases, is by means of coursework and unseen examination. Coursework may consist of standard essays, individual and group presentations, group reports, classwork, unseen tests and problem sets. Please note that any group work may include an element of peer assessment.

Induction weeks

The MSc in Actuarial Management starts with a compulsory induction focused on:

• a refresher course of advanced financial mathematics, statistics, computing and electronic databases.
• an introduction to the Cass Careers offering with a focus on key skills and attributes that employers are looking for.  The annual MSc Careers Fair at this time also provides the opportunity to meet over 60 companies who are recruiting across many sectors including finance, energy, insurance, real estate, shipping, strategic management and internal auditing.

Career pathways

Career pathways for graduates in MSc in Actuarial Management are typically in actuarial roles. The type of employers varies, including consultancies (e.g. Deloitte, Ernst & Young, KPMG, PWC), insurance companies (Aviva, Allianz, Prudential, RSA, PICC), brokers (Guy Carpenter, Willis, AON Benfield), banks (HSBC, Lloyd’s, UBS) and supervisory authorities / central banks (Financial Services Authority, Central Bank of Malaysia).

Visit the Actuarial Management (MSc) page on the Cass Business School website for more details!