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Actuarial Science, MSc

Different course options

Full time | Bay Campus | 1 year | SEP

Study mode

Full time


1 year

Start date


Key information

Qualification type

MSc - Master of Science

Subject areas

Actuarial Science

Course type


Course Summary


An actuary is a business professional who applies mathematics and statistics to assess risk in a wide variety of contexts ranging from insurance and banking to health and government planning. The MSc in Actuarial Science is designed to give graduates from numerate disciplines a grounding in the mathematical and statistical theories needed to become a qualified actuary. You will gain key marketable skills in applying mathematics and statistics to the modelling of actuarial problems. This programme is accredited by the professional body for actuaries in the UK (the Institute and Faculty of Actuaries), and successful graduates will gain exemptions from up to three professional examinations.


In the first part of the course you will study a wide range of modules covering topics in actuarial mathematics and statistics. In the second part you will complete a significant dissertation project.

Over the course of your studies you will be assessed by a combination of written examinations, coursework and the dissertation.

Your studies will be supported by facilities including the main university library - containing an extensive collection of mathematics resources, and our Information Services and Systems (ISS).

Also available to you is the Reading Room in the centre of the department. This is home to the departmental library and a suite of computers.

Careers and Employability

Our career support services include:

Employability workshops, employers’ talks, bespoke events and careers fairs
Individual advice and guidance from professionally qualified Careers Advisers
Help with finding jobs, internships, work placements and volunteering opportunities
Access to information resources on a wide range of career management topics
Funding to support student internship opportunities and Student Society/Club events.

We also provide help and advice for Swansea University Alumni up to two years after you graduate.


This module covers a detailed analysis of cashflows and interest rates with actuarial applications.

Tuition fees

UK fees
Course fees for UK students

For this course (per year)


International fees
Course fees for EU and international students

For this course (per year)


Entry requirements

A 2:2 Honours degree or equivalent in Mathematics, Computer Science, Engineering, Physics, Economics or other numerate degree with significant mathematical/statistical content. Applicants whose first degree is not Mathematics will be considered on an individual basis taking into account the mathematical content of their first degree.

University information

Ideally located on the stunning Swansea Bay coastline, this Welsh university provides easy access to impressive beaches along the Gower Peninsula as well as a buzzing city centre. Since its inception in 1920, Swansea University has been at the cutting edge of research and innovation. Swansea continues this legacy today, receiving a wide range of accolades and awards each year. The university is thrilled to be included in the top 25 for...more