About Msc Actuarial Science in University of Strathclyde

Study with us

Studying an MSc in Actuarial Science at the University of Strathclyde, you'll be learning at a multi-award-winning academic institution. A 5-star QS-rated university, we were awarded Scottish University of the Year 2020 by The Sunday Times Good University Guide.

• gain an understanding of actuarial theory and analysis
• prepare for a career in the financial services industry with a quantative and data facing role
• learn about the nature and functioning of financial markets and institutions

Why this course

The MSc in Actuarial Science has been developed to produce graduates who can clearly demonstrate an understanding of the mathematical models used in actuarial calculations, their computer implementations, and the financial and economic contexts of these calculations.

The programme is an innovative cross-faculty alliance between the Strathclyde Business School and the Faculty of Science. It's been developed to produce graduates who can clearly demonstrate an understanding of the mathematical models used in actuarial calculations, their computer implementations, and the financial and economic contexts of these calculations.

The course is designed so that students with a strong aptitude for mathematics and statistics, but who have not studied these topics in detail in their undergraduate degree, can gain the necessary skills to move into the financial industry.

What you’ll study

The curriculum of our Actuarial Science degree provides a good balance between finance, economic, and mathematical theory, computer implementations of this theory, and practical skills and knowledge all underpinning actuarial science.

Core classes are undertaken in the first semester, and address themes such as Principles of Finance, and foundation classes in Mathematics, Statistics and Economics. At the optional class stage (Semester 2), you can begin to tailor the programme to suit your own particular areas of interest and are able to choose from a wide range of classes, offered by all four contributing departments.

Learning & teaching

Classes are delivered by a number of teaching methods:

• lectures (using a variety of media including electronic presentations and computer demonstrations)
• tutorials
• computer laboratories
• coursework
• projects.

Teaching is student-focused, with students encouraged to take responsibility for their own learning and development.

Classes are supported by web-based materials.

Careers

A career as an actuary is named one of the safest careers there is by a CareerCast report in 2016.

The increasing accessibility of healthcare and changes to insurance regulation are driving high demand for actuaries and, once qualified, actuaries are able to work anywhere in the world.

Graduates of this course wishing to pursue a career as an actuary will typically work at an insurance company or at a consultancy.

Most graduates enter the profession by joining a company as an actuarial trainee or risk analyst at the same time as studying for professional exams.

Most trainees begin their careers in the financial services industry, particularly in the traditional employment areas of insurance and pensions.

Academic qualification equivalents

• For entry to Strathclyde postgraduate programmes, we'd look for a first-class undergraduate degree (approx 60%) from a
  recognised Indian institution.

English language requirements (one of the below):

• IELTS    :     6.5 overall, with a minimum of 5.5 in each component
• TOEFL  :    80+ overall,with the following minimum scores in each component: Listening:17 Reading: 18 Speaking:20 Writing:19
• PTE      :     58+ overall, with a minimum of 51 in each component

University of Strathclyde Highlights

University of Strathclyde Average Tuition Fees And Other Expenses

Fee for various range of courses available at the university varies as per their duration, level and type of program. Some of the popular courses with their respective fees are as mentioned below.

Undergraduate Courses (2020-2021)

Graduate Courses (2020-2021)

Cost of Living

List of expenses apart from the basic tuition fee are as compiled below.

Note that candidates looking for their private rented accommodation will require 100 to 125 GBP, per week, for a room in a shared plus other expenses.