The diploma takes 9 months to complete and the MSc a year.
The course is also available to be studied part-time and its duration in this mode is therefore longer.
The MSc/Diploma in Actuarial Science is a must for those graduates with strong mathematical skills and who are looking to enter the actuarial profession.
Topics covered correspond to the CT1- CT8 series of the joint examinations of the Faculty and Institute of Actuaries and students who perform well on the course can obtain exemption from some or all of these professional exams. Over its many years of operation, the course has become firmly established and has been able to achieve a world wide reputation for quality of provision; it is wonderfully international – this year's class includes students from over 20 countries.
Graduates will go on to practice in many sectors including finance, investment, risk management, insurance and pensions, working under the aegis of well established professional bodies. The roles will be varied, in line with the growing importance of actuaries as key arbiters of risk in business and financial processes.
We're delighted to report that in the 2007 National Student Survey, in terms of ‘Overall Student Satisfaction’, Heriot-Watt's Actuarial Science topped the table when compared with other universities that offer specialist actuarial courses. We obtained a score of 97% in the Mathematics and Statistics category.
* Statistical Methods
* Financial Mathematics
* Stochastic Modelling
* Time Series Analysis
* Survival Models
* Life Insurance Mathematics
* Risk Theory
* Finance and Financial Reporting
* Financial Economics