The MSc in Actuarial Science offers students a firm grounding in the fundamentals of actuarial science, including detailed study of the mathematical and statistical techniques used in the insurance, pensions, and financial services industries.
The MSc in Actuarial Science course is accredited by the Institute and Faculty of Actuaries. Cass Business School was the first institution in the UK to have both undergraduate and postgraduate actuarial programmes fully accredited and is also recognised by other actuarial professional bodies around the world. Consequently, students have an opportunity to gain exemptions from up to eight of the Core Technical examinations (Subjects CT1-CT8) of the Institute and Faculty of Actuaries.
The programme is delivered via face-to-face lectures from qualified actuaries, academics and other subject-specialists, complemented by dedicated online support, easy access to faculty members, and advice on study and exam techniques. Lecturers use their commercial experience and research expertise to deliver a challenging, relevant and intellectually stimulating course.
To satisfy the requirements of the degree programme students must complete: • at least five out of eight core courses (Terms 1 and 2) and the Research Methods module (Term 1) and • five electives in Term 3 or • one elective and a Business Research Project in Term 3 or • three electives and an Applied Research Project in Term 3
During the induction period, which is compulsory, a variety of activities are offered to students, to support them in their learning and professional development. Cass Careers offers workshops with a focus on the key skills that employers are looking for, as well as preparing students for the application process. The annual MSc Careers Fair at this time provides the opportunity to meet more than 60 companies who are recruiting across many sectors including insurance, pensions, finance, energy, and other fields. Furthermore, innovative workshops are run on advanced study skills and obtaining practical insight to actuarial work.
There is a continuous demand for capable postgraduate level executives in the actuarial profession, whose members are among the highest paid in the UK. They work in fields such as insurance companies (life/non-life), consulting firms, government departments, banks and investment firms, teaching and research.
Some examples of where graduates from the MSc in Actuarial Science class of 2014 are working are: