Home > Study in UK > Heriot-Watt University - Edinburgh Campus > Master of Science in Actuarial Management with Data Science
Master of Science in Actuarial Management with Data Science
Heriot-Watt University - Edinburgh Campus, UK
GBP 24176
Annual Tuition Fee
Free
Application Fee
12 months
Duration
6.5
IELTS
85
TOEFL
60%
Min GPA
Program Overview
Data Science (machine learning) uses computer algorithms to build models of the future. Our MSc in Actuarial Management with Data Science will enable you to develop the skills to build and apply such models in an actuarial context.
In addition, the degree is fully accredited with the Institute and Faculty of Actuaries in the UK for actuarial subjects: CP1, CP2, CP3, SP2, SP4, SP5, SP6 and SP9. Studying subject SP9 leads to the internationally recognised Certified Enterprise Risk Actuary (CERA) qualification.
These subjects cover a variety of areas including life insurance, risk management, investment, derivatives, pensions, communication and modelling. Combining your choice of these with your development in machine learning skills will prepare you well for the modern world. You choose the combination that works for you.
Completing this degree gets you close to qualification as an actuary, with only one or two exams left to complete after leaving university. It typically speeds up your qualification by one or two years.
Additional Information
Program Level Master's Degree
College/University Processing Time 7 Days
Program Format Full-Time
Post-Study Work Visa (PSWV) 
General Admission Requirement
Academic Requirement
- Minimum Level of Education Required: To be accepted into this program, applicants must have a Bachelor’s Degree.
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Tuition Fee
The values given below are estimated figures, excluding extra charges like material fee, student activity fees, athletic fees, health care, etc., for courses. To know more, please visit the Programs page.
Average Tuition Fee Per Year
24176
Tuition Fee
(GBP)
Free
Application Fee
(GBP)
9207 Per year
Average Cost of Living
(GBP)
The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.
Check program website for more information about funding options.
Scholarships
We are pleased to announce that we are offering scholarships on a first-come, first-served basis. Second Round of Scholarship Deadline - 31 March 2025 - Heriot Watt University, UK Campus
Flexible Payment Option: Students can opt for partial deposit of £1000 before the deadline and reserve their seat and scholarship for the intake, pay balance deposit of £3000 to obtain the CAS
English Language Test Results: Students with ELT conditions are encouraged to share their test details for us to update their records
Please note, these scholarships are strictly on first come first serve basis
Scholarships
We currently have limited scholarships available for September 2025 intake strictly on first come first serve basis:
|
UG Scholarship Value (2) |
PG Scholarship Value (3) |
|
£3000 |
£2000 |
|
£4000 |
£4000 |
|
NA |
£6000 |
Please note, the third round of academic scholarship deadline is 15 April 2025. We request you to communicate this information to the prospective students & offer holders who may be interested in the intake.
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