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.

Centre 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.