This programme is designed to kick-start your career as an actuary, preparing you to take a leading role in managing risk in financial institutions worldwide. Ranked top job in 2013 (as reported by Wall Street Journal), actuaries are in high demand in light of the need for sound decision making in the ever-changing financial markets. The rewards in terms of job satisfaction and earning potential make this an excellent career choice.
Established in 1972, we were the first UK university to introduce a dedicated programme in Actuarial Science, and have since evolved to become highly renowned as a world-leading centre in actuarial and financial teaching and research.
The programme is fully accredited by the UK Institute and Faculty of Actuaries, offering a valuable opportunity to gain exemptions from the Core Technical (CT1-CT8) examinations. There are 12 courses available which correspond in total to CT1-CT8 of the actuarial professional syllabus. To meet university award requirements you must pass at least 8 of the 12 listed below. To achieve exemption from all of CT1-CT8 you must pass all 12 courses.
Financial Mathematics - CT1
Finance and Financial Reporting - CT2
Economics - CT7
Statistical Methods - CT3
Life Insurance Maths 1 & 2 - CT5
Stochastic Modelling/Survival Models - CT4
Risk Theory/Time Series Analysis - CT6
Financial Economics 1 & 2 - CT8
Our expert staff, many of whom are qualified actuaries, will guide and support you throughout your studies. You will benefit from their extensive business knowledge and research expertise, whilst gaining hands-on experience of solving real-life financial problems through interactive lectures, tutorial sessions and practical coursework. The MSc summer project gives you the opportunity to explore in greater depth the hot topics currently facing business, such as Solvency II and pensions auto enrolment. Our close links to industry through the Scottish Financial Risk Academy also creates the potential for undertaking a summer placement within Edinburgh's thriving financial sector.
We are very proud of our award-winning Students' Actuarial Society which is entirely managed, enthusiastically and professionally, by our students. As well as arranging a series of topical presentations by industry professionals, and popular social events, the Society's highly anticipated Annual Actuarial Conference attracts speakers and attendees from around the world.
If you wish to discuss the MSc Actuarial Science in more detail; course choices, internships, future career possibilities etc. please don't hesitate to contact the Actuarial department on [email protected]
Business Psychology MSc at Heriot-Watt University is the most established masters degree of its kind outside North America. This MSc programme will equip you with an in-depth understanding of the psychological mechanisms that drive positive behaviours and performances in the workplace.
Whether you come from an industry position or directly from a psychology or business degree; you will be prepared with an effective blend of specialist knowledge from the fields of psychology, management and leadership.
The content on this highly-focused masters degree meets the needs of those working towards a careers as:
You will develop commercial awareness and an understanding of global organisations which will allow you to recognise the impact of the economy, politics, globalization and the changing labour market on the psychology of a workplace and performance of individuals and teams.
By viewing the workplace through a psychological perspective, and by developing your analytical, critical thinking, and reflection skills, you will learn to recognize and improve seemingly intangible aspects of the workplace which, when appropriately managed, can directly improve business performance, in areas such as job satisfaction, leadership and organisational commitment.
Additional to learning from a unique blend of research-led academic teaching and industry-focused practical experiences; specifically designed group tasks and presentations will allow you to develop your interpersonal and communication skills and directly improve the performance of diverse groups of individuals and teams within an organisation.
Scotland’s capital is regarded as one of the best cities in the world in which to study and has a thriving international student population.
It’s a beautiful, cultural city that’s bursting with art, nature, nightlife and history. It’s a safe, inspirational city and has enough bars, restaurants, museums, shopping, green spaces and culture to keep everyone entertained.
It was recently voted as the best place to live in the UK for the 3rd year running and a study by Deutsche Bank in May 2017 found it offers the second best quality of life on the world!
Founded in 1821, Heriot-Watt has an established reputation as a leading research-led university and provider of high-quality, industry-focussed education.
We are ranked as the top University in Scotland for International Outlook by Times Higher Education and have campuses in Scotland, Dubai and Malaysia.
We are ranked as one of the top 30 Universities in the UK in the Guardian University League Table and the Complete University Guide 2018, who also place us as the 3rd best University in Scotland.
Our countryside campus is set in 380 acres of beautiful parkland with world-class facilities and an easy journey to Edinburgh city centre.
You’ll find over 10,500 students and staff here, offering a warm and friendly welcome. There’s modern student accommodation, a thriving Student Union with a host of sports clubs and societies. Scotland’s National Sports Centre is also on campus offering students access to top of the range sporting facilities.
Find information on Programme content here
If your first language is not English, or your first degree was not taught in English, we’ll need to see evidence of your English language ability. The minimum requirement for English language is IELTS 6.5 or equivalent. We offer a range of English language courses (See http://www.hw.ac.uk/study/english.htm ) to help you meet the English language requirement prior to starting your masters programme:
Please note that independent distance learning students who access their studies online will be expected to have access to a PC/laptop and internet.
Find information on Fees and Scholarships here.