If you have a quantitative business degree or a strong statistical and mathematical background, our MSc Actuarial Finance helps you build on your quantitative background and apply these skills at an advanced level in the world of business.
The joint programme, in collaboration with the School of Mathematics, allows you to apply your analytical ability to business. Modules within the Business School introduce you to key business topics such as accountancy, corporate finance and economics. Modules taken in the School of Mathematics help you apply your quantitative skills to business problems such as risk management, insurance and derivatives.
MSc Actuarial Finance has strong links with the actuarial profession, and the insurance and pensions industry. So, while you are taught by world-class academics, you also interact with practising actuaries and industry experts.
Whichever path you take, career or research, you will graduate with a critical awareness of current issues in actuarial finance which is informed by current research and modelling techniques.
Join us and youll also get support from our Postgraduate Career Management Centre, helping you develop key skills including networking and negotiating, and putting you in touch with potential employers.
Graduates enter high-flying careers in insurance, pensions, accountancy, risk management and consultancy.
Job prospects are wide ranging and include consultant actuaries, scheme actuaries and insurance actuaries, accountants, investment banking and risk management.
As a result of the high level of quantitative skills developed, you also gain an excellent grounding for PhD study in accounting, finance and economics.
* Applied Statistics and Probability
* Corporate Finance
* Models in Actuarial Science
* Applied Financial Modelling
* Accounting for Managers
* International Investment
* Economics for Business
* Discrete Time Finance
* Portfolio Risk Management
* Professionalism and Ethics for Actuaries
* Consumer and Corporate Credit
* Securities Markets Microstructure
* Statistical Models
Projects in Actuarial Finance
Universities in the United Kingdom use a centralized system of undergraduate application: University and College Admissions Service (UCAS). It is used by both domestic and international students. Students have to register on the UCAS website before applying to the university. They will find all the necessary information about the application process on this website. Some graduate courses also require registration on this website, but in most cases students have to apply directly to the university. Some universities also accept undergraduate application through Common App (the information about it could be found on universities' websites).
Both undergraduate and graduate students may receive three types of responses from the university. The first one, “unconditional offer” means that you already reached all requirements and may be admitted to the university. The second one, “conditional offer” makes your admission possible if you fulfill some criteria – for example, have good grades on final exams. The third one, “unsuccessful application” means that you, unfortunately, could not be admitted to the university of you choice.
All universities require personal statement, which should include the reasons to study in the UK and the information about personal and professional goals of the student and a transcript, which includes grades received in high school or in the previous university.
* You should have a good first degree (2:1 or higher) in a relevant first degree such as mathematics, statistics, economics or finance. A background in finance or economics is desirable but not essential. You must have a strong grounding in quantitative subjects with high scores in quantitative modules. * If you are not from the UK please visit equivalent qualifications to find out about entry requirements from non-UK countries.English Language RequirementsIf English is not your first language you need to attain one of the following: * IELTS test you need to achieve a score of 6 or more in each section and an overall score of 6.5. * TOEFL iBT: At least 92 overall with a minimum of 21 in Listening, 21 in Reading, 23 in Speaking and 22 in Writing. English Language Requirements IELTS band: 6.5 TOEFL iBT® test: 92 IMPORTANT NOTE: Since April 2014 the ETS tests (including TOEFL and TOEIC) are no longer accepted for Tier 4 visa applications to the United Kingdom. The university might still accept these tests to admit you to the university, but if you require a Tier 4 visa to enter the UK and begin your degree programme, these tests will not be sufficient to obtain your Visa. The IELTS test is most widely accepted by universities and is also accepted for Tier 4 visas to the UK- learn more.