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Actuarial Science

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.

Successful candidates on the MSc in Actuarial Science may also proceed to the MSc in Actuarial Management.

Entry requirements

A UK 2.1 or above (or the equivalent from an overseas institution) in a highly quantitative programme such as mathematics or statistics is required to enter this course Applicants will need to submit two references, one of which MUST be an academic reference. If you have been studying in the UK for the last three years it is unlikely that you will have to take the test
If you have studied a 2+2 degree with just two years in the UK you will be required to provide IELTS results and possibly to resit the tests to meet our requirements. The required IELTS level is an average of 7.0 with a minimum of 6.5 in writing. Applicants must normally hold a good honours degree in a subject with an adequate mathematical content such as mathematics, statistics, economics or physics. Students who successfully complete the Diploma course to a suitable standard are eligible to transfer to the MSc course.

Course modules

Term 1
- Financial Mathematics
- Finance & Financial Reporting
- Probability & Mathematical Statistics
- Business Economics
- Research Methods module

Term 2
- Modelling
- Contingencies
- Statistical Methods
- Financial Economics

Term 3
- MSc Research Project

Assessment methods

Assessment of modules on the MSc in Actuarial Science, in most cases, is by means of coursework and unseen examination. Coursework may consist of standard essays, individual and group presentations, group reports, classwork, unseen tests and problem sets. Please note that any group work may include an element of peer assessment.

Qualifications

Qualification Study mode Start month Fee Fee locale Course duration
MSc Part-time September 2018 10,000 (Year 1) International 2 2 Years
MSc Part-time September 2018 10,000 (Year 1) Northern Ireland 2 2 Years
MSc Part-time September 2018 10,000 (Year 1) Scotland 2 2 Years
MSc Part-time September 2018 10,000 (Year 1) Wales 2 2 Years
MSc Full-time September 2018 20,000 (Whole course) England 1 1 Years
MSc Full-time September 2018 20,000 (Whole course) International 1 1 Years
MSc Full-time September 2018 20,000 (Whole course) Northern Ireland 1 1 Years
MSc Full-time September 2018 20,000 (Whole course) Scotland 1 1 Years
MSc Full-time September 2018 20,000 (Whole course) Wales 1 1 Years
MSc Part-time September 2018 10,000 (Year 1) England 2 2 Years

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