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 2015 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.

Watch a video

Visit our YouTube channel to watch short videos from our students and graduates, and see an example of a lecture at Heriot-Watt.

Student Actuarial Society

Heriot-Watt has a very active Students' Actuarial Society which won several awards at a recent Heriot-Watt 'Oscars' ceremony. This body is completely managed, enthusiastically and professionally, by our students.

PwC Actuarial Flying Start programme

The opportunity of a lifetime! The PwC Actuarial Flying Start programme offers, uniquely to Heriot-Watt University's Actuarial Science students, two six-month, paid, PwC work placements during Years Three and Five. It's the perfect way to gain valuable industry experience during your time at university. As an Actuarial Science student at Heriot-Watt University, you will have the opportunity to apply for this programme in Year Two. If successful, you'll join PwC's actuarial team in London and work directly with their clients - helping them plan for uncertainty as well as identifying, quantifying and managing their risks. They are known for the outstanding training they provide to graduates and if you do well, you could also get a job offer for when you graduate. Don't miss out!

Course content

   Detailed course guide
Year 1

Introduction to Statistical Science; Calculus; Algebra; Professional Development Planning; Finance; Economics and practical work.

Year 2

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

Year 3

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

Year 4

Risk Theory; Financial Risk Management; Pension Funds; Life Office Practice; Financial Economics; Further Stochastic Processes; 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.

Employability

Managerial/professional position

  • 100% of those working are in a professional/managerial position six months after graduating.

Salary

  • The average salary of students six months after graduating: £23000
  • The average UK salary of students six months after graduating from a similar course: £22000

Jobs

These are the most common jobs students go into six months after graduating:

  • Business, research and administrative professionals
  • Business and public service associate professionals

Entry requirements

Year 1

  • Highers AAAB including Mathematics at A
  • A-Levels AAB including Mathematics at A
  • Int. Baccalaureate 28 points with higher level Mathematics at 6
  • BTEC Extended Diploma (QCF) Level 3 at DDD including sufficient Mathematics

Year 2

  • A-Levels AAA including Mathematics
  • Advanced Highers AAB Including Mathematics at A plus excellent Highers or Scottish Baccalaureate
  • Int. Baccalaureate 30 points with higher level Mathematics at 7
  • BTEC Extended Diploma (QCF) Level 3 at DDD including sufficient Mathematics 

Additional information

  • To find out about the difference between the 3 and 4 year honours programmes, please watch our video to help you decide which route is best for your qualifications and experience so far.
  • We also accept the BTEC Subsidiary Diploma (QCF) at D in place of one A-Level, however it cannot replace a subject specific requirement unless relevant.

 

 

Fees and funding

Tuition fees for 2017 entry (by residency status)
Status* Scotland / EU** England / Northern Ireland / Wales International
Fee Paid by SAAS £9,250 £13,770

* Your residency 'status' is usually defined as the country where you have been ordinarily resident for the three years before the start of your course. Find out more about tuition fees.

** European Union countries, not including England, Northern Ireland or Wales.

Scholarships and bursaries

Featured scholarships

Bursaries for students from England, Northern Ireland or Wales starting undergraduate degree courses in 2018

In addition to government maintenance loans and grants towards the costs of fees and living costs, we are offering generous financial support to attract and support eligible students from England, Northern Ireland or Wales:

View our full range of undergraduate scholarships.

You might be interested in…