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BSc (Hons) Mathematical, Statistical and Actuarial Sciences and Diploma in Industrial Training

Key information

UCAS code
G3N3
Level
Undergraduate
Delivery type
Full Time
Degree qualification
BSc (Hons)
Mode of delivery
On-Campus
Duration
5 years
Location
Edinburgh
Start date
September

If you want to start your career with a year's work experience in hand, then you should consider this Programme. It combines the rigorous studies of the BSc (Hons) in Mathematical, Statistical and Actuarial Sciences with a year-long work placement in level 4. Good performance means 12 months' experience of working in an organisation in the finance or actuarial sector. The Diploma in Industrial Training is gained through successful completion of this work placement. The work placement helps you to develop specific work-related skills, giving you the opportunity to apply and build upon the theory you learn in your studies. It allows you to take on real responsibilities, enhance your interpersonal skills through teamwork and communication and experience workplace culture.

In addition to your year-long work placements you will follow the BSc in Mathematical, Statistical and Actuarial Sciences. This programme provides comprehensive training in modern mathematics, contemporary statistics and actuarial sciences. Studying this variety of courses offers a dynamic blend of analytical problem-solving skills, data interpretation and a sound understanding of the intricacies of the insurance, pensions, economic and finance sectors. This degree offers the opportunity to gain exemptions from Core Principles subjects of the Institute and Faculty of Actuaries (IFOA) Curriculum professional exams. This programme of study equips individuals to address complex real-world challenges, making them highly sought after in a wide array of career paths. As a major financial and insurance centre, Edinburgh offers excellent career opportunities.

We have carefully designed a curriculum that teaches a comprehensive programme in modern mathematics, statistics and actuarial sciences. Our programmes also includes courses that emphasize practical and transferable skills, IT expertise, and career readiness. Activities include, giving presentations, producing independent research reports, working in groups to solve problems, and developing your career skills. Our mathematics degrees are ranked 1st for graduate employment prospects in The Times Good University Guide 2024. Our recent mathematics graduates use their skills in the Financial, Engineering, Data Science and Professional Services sectors, and more.

Note, the Diploma is available to all students, including those from overseas, as it does not require a work visa. If you are planning to come to the UK using a student visa you should check the Tier 4 Student Visa Policy Guidance to confirm you are permitted to undertake a work placement as part of your studies. It is your responsibility to find a suitable work placement; acceptance onto the programme does not guarantee you a placement. If you are registered on the programme and are unable to find a suitable work placement before the end of level 3 then you can transfer to the standard BSc (Hons) in Mathematical, Statistical and Actuarial Sciences degree.

Center of Actuarial Excellence

Heriot-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 organisation with more than 28,000 actuaries as members.

Institute and Faculty of Actuaries

The Institute and Faculty of Actuaries (IFoA) in the UK administers examinations necessary to achieve the esteemed designation of a Fellow of the IFoA. Passing these rigorous exams is crucial for individuals aiming to become fully qualified actuaries, allowing them to practice in the field. This degree programme offers the opportunity to gain exemptions from Core Principles subjects of the Institute and Faculty of Actuaries (IFOA) Curriculum professional exams.

Your student experience

Our BSc Mathematical, Statistical and Actuarial Sciences and Diploma in Industrial Training programme provides a wide range of expertise and research opportunities in various mathematical disciplines. These include:

  • Advanced Mathematical Theory: Delving deeply into the fundamental theoretical principles that underlie pure mathematical concepts and applications.
  • Applied Mathematics: Developing mathematical models that can be applied to solve real world problems.
  • Computational Mathematics: Developing extensive numerical and programming skills so you can solve complex mathematical models and optimise solutions of real problems.
  • Mathematical Education: We have a dedicated team with expertise in technology enhanced learning and you will benefit from these developments in teaching and assessment.
  • Statistics and Data Analysis: Developing essential statistical and data analysis skills to extract meaningful insights from data sets and to inform decision making.
  • Actuarial Science: Developing key knowledge of actuarial and financial mathematics and applying mathematics to insurance, pensions and risk management scenarios that play a vital role in the career of an actuary.

Go Global

There are currently no Go Global opportunities for this particular programme. However, other Go Global opportunities may be available. Please contact studywithus@hw.ac.uk for more information.

Course content

September Intake - Edinburgh

Level 1 has been designed to ease the transition from school to university. Students take courses in calculus and algebra which continue the development of these subjects already studied in school while also taking courses on statistics, economics and finance.

Mandatory September

  • Calculus A
  • Introduction to University Mathematics
  • Topics in Statistical Practice

Optional September

  • Introductory Economics

Mandatory January

  • Calculus B
  • Elements of Probability

Optional January

  • Finance and Financial Reporting
  • Problem Solving
  • Professional Development Planning

Programme Video

Mathematics at Heriot-Watt University

Fees and funding

StatusFee
ScotlandPaid by SAAS
England / Wales / N Ireland / Rep of Ireland£9,250
International£18,704
  • Status: 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.
  • International: 'International' includes applicants from European Union countries who do not hold Pre-Settled or Settled status in UK. (This does not include students from the Republic of Ireland - see above).

Scholarships and bursaries

Bursaries for students from England, Northern Ireland or Wales

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

  • Heriot-Watt University Bursary (up to £3,100 per year)
View details

Additional information

Placement Year fees

Students with Scotland fee status pay £910 for the placement year instead of the standard fees. Students with England, Northern Ireland, Wales or Overseas fee status pay £1300 for the placement year instead of the standard fees. 

Entry requirements

We have standard entry requirements for all of our courses that you will have to meet.

Standard entry requirements

  • Highers ABBBB (including Mathematics at A)
  • A-Levels BBB - ABB (including Mathematics at B)
  • Int. Baccalaureate 28 points (with Mathematics at Higher Level 5)
  • BTEC DDM (including sufficient Mathematics)

Minimum entry requirements*

  • Highers BBBC (including Mathematics at B)
  • A-Levels BBC (including Mathematics at B)

* Minimum: under our Fair Access Policy, we will relax our standard entry requirements for some Scottish students depending on their circumstances. Our minimum requirements will apply if you:

  • live in an area within the Scottish Index of Multiple Deprivation lowest 20% (SIMD20), or
  • are care experienced.

We can also make exceptions for some Scottish students with grades above minimum but below standard. Read more about our Minimum and standard entry requirements

Why Heriot-Watt

We're the top university in Scotland for graduate outcomes which means that more of our graduates are employed or in postgraduate education than any other institution in the country and we ranked 5th in the UK.

We're also rated number one in the UK for CEO or MD roles, meaning more of our graduates go on to become CEOs or MDs than any other university in the whole of the UK. On top of that, we have beautiful campuses, across the globe, so you'll get a truly international education. Our Edinburgh Campus is home to Oriam, Scotland's National Sports Performance Centre combined with plenty of wellbeing resources, prioritising fitness and mental health for all students. Our Global Research Institutes look at solving real world issues such as climate change and saving our oceans as well as working on the next medical technological breakthrough and the future of AI and robots.

Employability

Work and study

This is what our BSc (Hons) Mathematical, Statistical and Actuarial Sciences and Diploma in Industrial Training students are doing 15 months after graduating:
70%
are working
5%
are studying
15%
are studying and working

Salary

£32000
The average salary of students 15 months after graduating
£30000
The average UK salary of students 15 months after graduating from a similar course

Potential career paths

  • Information Technology Professionals
  • Business, Research and Administrative Professionals

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