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Different course options

Full time | City, University of London | 1 year | SEP-22

Study mode

Full time

Duration

1 year

Start date

SEP-22

Key information
DATA SOURCE : IDP Connect

Qualification type

MSc - Master of Science

Subject areas

Actuarial Science

Course type

Taught

Course Summary

The Actuarial Management master's course is fully accredited by the UK Institute and Faculty of Actuaries and allows you to study the key areas of actuarial practice.

Overview

Who is it for?

You are a part-qualified actuary or a graduate from a recognised BSc or MSc in Actuarial Science or any other recognised programme with an actuarial flavour. You will have completed the equivalent of at least four subjects from the Core Principles stage of the professional examinations of the Institute of Actuaries (IFoA), including Core Mathematics (CM1).

Objectives

The MSc in Actuarial Management programme covers material relating to the second and third stages of the professional examinations of the Institute and Faculty of Actuaries, namely the Core Practices subjects and Specialist Principles subjects.

Taking this master's degree at Bayes 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 Practice (Subject CP1), Modelling Practice (Subject CP2) and Communications Practice (Subject CP3) and most of the Specialist Principles (SP) subjects.

Structure

What will you learn

On the MSc Actuarial Management you will learn to:

  • 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.

Career pathways

Career destinations for MSc Actuarial Management

Our MSc Actuarial Management teaches you the technical skills and problem-solving techniques for a successful rewarding career as an actuary. This master’s degree reflects the changing skills expected from actuaries in the fields of life and non-life insurance, health and care, pensions, finance and investment.

We have many qualified actuaries on our teaching staff who use their commercial experience and research to inform their teaching. Our academics maintain close links with the industry with many having worked, or still working, in their specialist sectors. Our graduates’ benefit from our contacts with numerous fantastic City firms, moving into positions in those firms every year.

Modules

The aim of this module is that upon successful completion, the candidate should understand strategic concepts in the management of the business activities of financial institutions and programmes, including the processes for management of the various types of risk faced, and be able to analyse the issues and formulate, justify and present plausible and appropriate solutions to business problems.

Tuition fees

UK fees
Course fees for UK students

For this course (per year)

23,000

International fees
Course fees for EU and international students

For this course (per year)

23,000

Entry requirements

A UK upper second class degree or above, or the equivalent from an overseas institution, in a related subject and already covered the fundamentals of actuarial science at university degree or professional level. Work experience is not a requirement of this course. Applicants are required to have passed and/or as a result of previous studies, be exempted from the equivalent of at least four of the Core Principles examinations of the Institute and Faculty of Actuaries (including Core Mathematics (CM1)).

Department profile

The Bayes Business School (formerly Cass Business School) is one of City, University of London’s five Schools. Bayes (formerly Cass Business School) is part of an elite group of business schools to have been awarded triple accreditation by the Association to Advance Collegiate Schools of Business (AACSB), the Association of MBAs (AMBA) and the European Quality Improvement System (EQUIS). Our London home is the beating heart of an...more

University information

City, University of London (City) is a leading UK university, with a global vision and a commitment to transforming lives through education. There are over 20,000 students who call the university home, and a postgraduate population of 46%. City has a diverse and international learning community, with over 175,000 alumni representing more than 180 countries worldwide. City is comprised of five different schools: School of Arts & Social...more

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