MSc Actuarial Science at University of Essex

Programme overview

The MSc Actuarial Science is a one-year full-time course based on the syllabus of most of the core subjects of the Institute and Faculty of Actuaries, covering CB1 (Business Finance) and CM1 (Actuarial Mathematics for Modelling) plus CM2 or CS2 depending on options. It trains students in actuarial modelling and analysis and includes a Masters thesis project.

Department: School of Mathematics, Statistics and Actuarial Science | Duration: 1 year full-time | Intake: October 2027 | Study mode: full-time; part-time | Location: Colchester, England, United Kingdom

What you will study

Compulsory modules include Finance and Financial Reporting, Contingencies I and II, Financial Mathematics, Stochastic Processes and Survival Analysis (15 credits each), with 30 credits of options and a 60-credit core module (a choice of two options, MA981 or MA983); students can specialise in actuarial and financial modelling, general insurance or life insurance.

Career pathways

Graduates are expected to become actuaries in a range of industries, including insurance, healthcare, pensions, investment and banking.

Official programme page

Application information

Entry requirements

A 2:2 degree or international equivalent in Applied Mathematics, Biostatistics, Computer Science, Economic Statistics, Economics, Mathematics, Operational Research, Pure Mathematics or Statistics; OR any other 2:2 degree including three modules (one from advanced/engineering maths, calculus or maths; one from advanced/engineering maths, maths, statistics or probability; and one additional relevant module such as algebra, analysis, differential equations, numerical methods, optimisation, programming in R/MATLAB/Python, regression or stochastic processes). Applicants below 2:2 are considered depending on relevant professional or voluntary experience and previous modules. English: IELTS 6.0 overall with a minimum of 5.5 in all components (pre-sessional English pathway available).

Domestic applicants: GBP 11,600 for the whole programme. One-year course; fee period not labelled on the page Source

International applicants: GBP 25,075 for the whole programme. One-year course; fee period not labelled on the page Source

Intake: October 2027

Duration: 1 year full-time

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