Course available:

The course

UCAS code
GG13
Duration
Up to 4 years
Location
Edinburgh
Delivery type
Full-time

Contact

Overview

Our Actuarial Science degree is ideal if you’re interested in maths and looking for a course that offers a rewarding career – both intellectually and financially. As 30% of teaching staff are qualified actuaries, this degree also offers current teaching that’s always applicable to the real workplace and current economy. There are also opportunities for industry placements and an exchange year in Canada or Australia.

Results from the latest Destinations of Leavers of Higher Education (DLHE) survey show that 85% of our Mathematics and Statistics (including Actuarial Science) graduates are employed with a graduate position, or continuing further studies.

Student satisfaction

95% of our 2017 graduates reported in the National Student Survey that they were satisfied overall with their Actuarial degree.

Accreditation

Our Actuarial Science degree is one of only a few to be accredited by the UK actuarial profession. A good performance can mean exemptions from professional examinations (CT1-CT8) too, giving you an advantage over students on other mathematics courses.

Graduates who go on to qualify as actuaries with the Society of Actuaries in North America can get credit from some of the SOA examinations on the basis of exemptions from the IfoA examinations. 

Center of ACtuarial ExcellenceHeriot-Watt University is recognised as a Center of Actuarial Excellence by the Society of Actuaries (SOA), North America. We are the only Center of Actuarial Excellence in Europe and one of only 30 other schools worldwide with this designation. With roots dating back to 1889, the Society of Actuaries (SOA) is the world's largest actuarial professional organization with more than 28,000 actuaries as members.

Course content

Detailed course guide
Year 1

Introduction to Statistical Science; Calculus; Introduction to University Mathematics; Professional Development Planning; Finance; Economics, Professional Development Planning and practical work.

Year 2

Probability and Statistics; Actuarial and Financial Mathematics; Linear Algebra; Real Analysis; Multivariate Calculus; Numerical Analysis and practical work.

Year 3

Financial Mathematics; Survival Models; Portfolio Theory; Life Insurance Mathematics; Statistical Models; Stochastic Processes and a project.

Year 4

Risk Theory; Risk Management; Pension Funds; Life Office Practice; Financial Economics;  Bayesian Inference and other statistical topics.

More in-depth information on the content of the courses listed above, how they are assessed and the learning outcomes can be accessed via our current student portal.