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Course content

Course description

The MSc in Actuarial Science provides a strong grounding in the mathematics of actuarial science and addresses both the current and future needs of the industry. The programme was recently established and incorporates all mathematical techniques, in particular from the fields of probability and statistics, a modern actuary could not do without. Accredited by the Institute and Faculty of Actuaries, the course will offer the following exemptions in the IFoA's revised Curriculum 2019: CS1, CS2 (Actuarial Statistics) and CM2 (Actuarial Mathematics). (Reaccreditation for Curriculum 2019 is currently pending). If you are interested in developing a career as an actuary, this programme of study will provide the ideal entry platform into a broad range of employment sectors, such as Insurance, Finance and Risk Management.

Fees

For entry in the academic year beginning September 2019, the tuition fees are as follows:

  • MSc (full-time)
  • UK/EU students (per annum): £12,000 
  • International students (per annum): £19,500

The fees quoted above will be fully inclusive for the course tuition, administration and computational costs during your studies.

All fees for entry will be subject to yearly review and incremental rises per annum are also likely over the duration of courses lasting more than a year for UK/EU students (fees are typically fixed for International students, for the course duration at the year of entry). For general fees information please visit: postgraduate fees . Always contact the department if you are unsure which fee applies to your qualification award and method of attendance.

Self-funded international applicants for this course will be required to pay a deposit of £1000 towards their tuition fees before a confirmation of acceptance for studies (CAS) is issued. This deposit will only be refunded if immigration permission is refused. We will notify you about how and when to make this payment.

Scholarships/sponsorships

Scholarships are available for this programme.

Entry requirements

English language

Students whose first language is not English require a minimum score of IELTS 6.5 with at least 6.0 in writing and 5.5 in each other component. 

English language test validity

Some English Language test results are only valid for two years. Your English Language test report must be valid on the start date of the course.

Application and selection

How to apply

Apply online

Deferrals

Admissions staff will decide whether to offer places to applicants for deferred entry on their courses and you should not assume that they will grant all such requests. If you request deferral for more than one year, you would normally be required to re-apply, as your chosen course, and your suitability for it, would change over time. English Language test results can only be considered to be current for two years from the test date.

Re-applications

If you applied in the previous year and your application was not successful you may apply again. Your application will be considered against the standard course entry criteria for that year of entry. In your new application you should demonstrate how your application has improved. We may draw upon all information from your previous applications or any previous registrations at the University as a student when assessing your suitability for your chosen course.

Coursework and assessment

There are two teaching semesters of 12 weeks each and approximately 15 weeks of project work. Assessment for the taught part is by exams and coursework.

Course unit details

For more detailed information see the programme website:

http://www.maths.manchester.ac.uk/study/postgraduate/pgt-courses/actuarialscience1yearmsc/

Facilities

The School of Mathematics is the largest in the UK with an outstanding research reputation and facilities .

Disability support

Practical support and advice for current students and applicants is available from the Disability Advisory and Support Service. Email: 

Career opportunities

If you are interested in developing a career as an actuary, this programme of study will provide the ideal entry platform into a broad range of employment sectors, such as Insurance, Financial and Risk Management.


Visit the MSc Actuarial Science page on the University of Manchester website for more details!

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