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Actuarial Management MSc

Key information

Qualification type

MSc - Master of Science

Subject areas

Actuarial Science

Course type


Course Summary


Our MSc in Actuarial Management is an established and successful programme covering the more advanced actuarial subjects. Taking our MSc in Actuarial Management is a great way to speed your progress to this most prestigious of careers - it's designed to take you almost all of the way to qualification.


The School is fully accredited by the Institute and Faculty of Actuaries (IFoA) for 2019/20.

The principal aims of the course are to: • provide intensive and high-quality education in a postgraduate context in a wide range of subjects in contemporary actuarial management, and professional practice • provide coverage of the material in the syllabuses of the subjects CA1 (Actuarial Risk Management), CA3 (Communications), ST2 (Life Insurance), ST4 (Pensions and other Benefits) , ST5 (Finance and Investment A), ST6 (Finance and Investment B) and ST9 (Enterprise Risk Management) of the Institute and Faculty of Actuaries and provide an opportunity for students to gain exemptions from some or all of the corresponding professional examinations as a result of dedicated study over a nine-month period • provide a challenging period of study which enables students to test themselves against standards requiring intensive work and strong commitment in a demanding postgraduate environment • enable students to develop detailed knowledge and critical understanding, and acquire a range of new skills, in central areas in actuarial management • provide tutorial and discussion opportunities of a style and at a level appropriate for postgraduate studies • enable students to communicate and work effectively with peers and academic staff, demonstrating appropriate levels of autonomy, initiative, and responsibility • provide students at Master's level with the opportunity to plan and execute a significant investigation and write a dissertation requiring detailed and critical understanding in an area of study related to actuarial management, and demonstrating originality.

On completion of the course, students will be able to demonstrate: • extensive and detailed knowledge, and critical understanding, of central areas in actuarial management, including at Master's level two or more specialist areas • knowledge and critical understanding of certain areas in the actuarial management of a range of financial institutions • the acquisition of a range of new skills required in actuarial management, including skills in applied actuarial modelling • awareness and understanding of current issues in actuarial management, through teaching informed by current developments in professional matters and in actuarial research • extensive knowledge and critical understanding of many of the principal theories and concepts of contemporary actuarial management, and of some of the principal theories and concepts of professional practice • expertise in applying, in a practical context, many of the principal skills and techniques used in actuarial science • extensive knowledge and understanding of problems in some or all of the following areas: actuarial risk management, financial mathematics, life insurance practice, pension funds, investment, derivative pricing, and enterprise risk management. Students will also achieve PgCert and PgDip awards during this course.

Different course options

Full time | Edinburgh Campus | 1 year | SEP-20

Study mode

Full time


1 year

Start date



The aims of this module is to provide students with a thorough grounding in the strategic concepts required to manage the business activities of financial institutions and programmes; to provide students with an understanding of the various types of risk faced and the processes used to manage those risks; to teach students to make use of those processes in order to formulate, justify and present plausible and appropriate solutions to business problems.

Tuition fees

UK fees
Course fees for UK / EU students

For this course (overall cost)


Average for all Postgrad courses (per year)


International fees
Course fees for non-UK / EU students

For this course (overall cost)


Average for all Postgrad courses (per year)


Entry requirements

Students should have a a strong Bachelors or Masters degree with a substantial actuarial content and covering a sufficient number of the Core Technical subjects CT1 to CT8 of the professional actuarial examinations. A willingness to work hard and a drive to succeed are also important prerequisites. If you have not already passed most or all of the Core Technical subjects (CT1 to CT8) then please refer to our MSc in Actuarial Science.