Problem solver. Business analyst. Risk assessor. An actuary wears many hats, but that’s what makes a career in the field so rewarding. With a qualification in actuarial science and data analysis, you’ll have the skills to make your mark in a range of industries.
This programme is for you if you want to kick-start your actuarial career and gain the skills to apply data analytics to solve real business problems.
Whether you have yet to start the actuarial professional exams, or you have already passed some of the Core Principles subjects you will be able to choose a route that maximises your potential exemptions from the IFoA exams. In some cases you will be able to finish with all the exams needed to become a fully-qualified actuary as an Associate member of the IFoA (Qualification as an Associate requires two years' work experience qualifying for PPD, successfully completing the online Professional Skills Course, and successfully completing the online CB3 course and assessment.)
Data skills are vital for all professionals and Data Analytics is at the heart of this course which has been designed for maximum flexibility, allowing you potentially to gain exemptions from all the examined Core Principles subjects (CS 1&2, CM 1&2, CB 1&2) or, if you already have some passes under your belt, to add the Core Practices subjects (CP 1, 2 & 3). After the compulsory Data Science module, you are free to select modules that align with your personal goals – whether that’s to gain as many exemptions as possible, or to explore more advanced data analytics topics like Data Mining and Neural Networks. All our actuarial modules are taught with an emphasis on the ability to manipulate and analyse realistic data sets using industry standard software so you can be sure you are developing skills that are highly sought after by industry.
But actuarial science is not just about quantitive data and mathematical techniques. In every module you will be supported to develop key business skills – problem solving, communication and teamwork – as well as growing your understanding of the business and financial environment where actuaries operate. This unique combination of technical expertise and transferable business skills means you will be well placed to work in the worlds of insurance, pensions, healthcare, banking, business management and risk assessment. You will be equipped with mathematical and statistical knowledge and problem-solving skills to help businesses and institutions evaluate the long-term financial implications of the decisions they make while continuing your actuarial professional qualification.
At least a 2:1 in a relevant subject (Mathematics, Statistics, Sciences, Economics). We will consider graduates from other subjects on an individual basis - students will need to demonstrate their ability in mathematics is at an appropriate level if do not have at least a B at A-level.
English Language Requirements
IELTS 6.0 or equivalent. If your first language is not English, you may need to provide evidence of your English language ability. If you do not yet meet our requirements, our English Language Teaching Unit (ELTU) offers a range of courses to help you to improve your English to the necessary standard.
Find your country in this list to check equivalent qualifications, scholarships and additional requirements.
The MSc Actuarial Science with Data Analytics will offer exemptions under the new IFoA Curriculum 2019. Our accreditation agreement allows you potentially to gain exemptions from all the examined Core Principles subjects (CS 1&2, CM 1&2, CB 1&2) or, if you have already have some passes under your belt, to add the Core Practices subjects (CP 1, 2 & 3).
The PGDip option is available after two semesters of study and offers the potential for exemptions from all the examined Core Principles subjects (CS 1&2, CM 1&2, CB 1&2).
Careers and employability
Careers and employability
You will be well-placed to work in the worlds of insurance, pensions, healthcare, banking, business management and risk assessment. You will be equipped with mathematical and statistical knowledge and problem-solving skills to help businesses and institutions evaluate the long-term financial implications of the decisions they make.
We aim to develop graduates who:
are comfortable with data and manipulating it
have great team working skills
can communicate persuasively in speech and writing
know why they are in an organisation and what they can contribute
We also support the employability of our students via:
our award-winning careers team, who are well-resourced to support any type of application or employer assessment
dedicated employability advisers within the careers team, who understand the markets they are applying to
weekly employability sessions with qualified actuaries reviewing applications and giving advice based on industry experience, available to campus-based students and distance learning students via Skype
regular actuarial society events attracting actuarial and other financial employers to the campus to meet students
a professional skills and employability module
Our Career Development Service is here to support you, with advice on interviews, CVs, work experience, volunteering and more. From Freshers’ Week to Graduation and beyond, they are here to help you reach your professional goals.
Modules shown represent choices available to current students. The range of modules available and the content of any individual module may change in future years.
These programmes are accredited by the Institute & Faculty of Actuaries – it's possible to achieve exemptions from all the examinations covering the Core Principles subjects.
In addition, with the MSc it's possible to achieve exemptions from all the examinations required to become a fully qualified actuary if you have already passed some of the early exams.
Emphasis on working with real data gives you the analytics skills that the industry needs from finance and risk management professionals.
You'll receive career support from the start with personal support from experienced, qualified actuaries, a module on Actuarial Professional Skills and Employability, and the opportunity to network at meetings of our own regional actuarial society (LASS).
The flexibility of this programme and the wide choice of modules allows you to tailor the programme to your professional goals.
Teaching and learning
The programme will be taught using computer classes, problem classes, skills sessions, supervision while undertaking extensive project and dissertation work as well as lectures. Some elements of supported eLearning will be used to refresh mathematical skills as necessary. Assessment will be via course work, computational exercises, projects and written exams. In addition to the mini-projects present in each module, the MSc offers two supervisor-led summer projects to gain exemptions from Core Practice subjects 2 and 3.