MSc Actuarial Science / Overview

Year of entry: 2022

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Degree awarded
Master of Science
Duration
12 Months. [Full-Time]
Entry requirements

The entry requirement to the programme is normally a good upper second class honours degree in Mathematics/Statistics, a Science degree with a strong quantitative component, a subject with a substantial mathematical content, or an equivalent overseas qualification in a mathematical subject.  In particular, knowledge of probability and statistics equivalent to good second year undergraduate Mathematics degree level is required for entry to the programme.

Full entry requirements

How to apply

Apply online

As there is high demand for this course we operate a staged admissions process with selection deadlines throughout the year. Due to the competition for places, we give preference to students with grades above our minimum entry requirements. If we make you an offer, you will have 6 weeks in which to accept. Any offers not accepted within 6 weeks will be withdrawn so that an offer can be made to another candidate. 

Stage 1 :  Application received by 12 November 2021; Decision by  14 January 2022 .

Stage 2 :  Application received by 7 January 2022; Decision by  11 March 2022 .

Stage 3 :  Application received by 4 March 2022; Decision by  22 April 2022 .

Stage 4 :  Application received by 27 May 2022; Decision by  24 June 2022 .

You need to ensure that you submit your supporting documents with your application as it may delay us processing your application before the decision deadline.

Whilst we aim to give you a decision on your application by the deadline date, in some instances due to the competition for places and the volume of applications received, it may be necessary to roll your application forward to the next deadline date. If this is the case we will let you know after the deadline date.

Applications received after our final selection deadline will be considered at our discretion if places are still available.

Please note: All places are subject to availability and if you apply at one of the later stages, some courses may already be closed. We therefore recommend that you apply early in the cycle to secure your place with us.

Applicants who are made a conditional offer of a place must demonstrate that they have met all the conditions of their offer by 31 July 2022.  

Course options

Full-time Part-time Full-time distance learning Part-time distance learning
MSc Y Y N N

Course description

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MSc Actuarial Science
The MSc in Actuarial Science provides a strong grounding in the mathematics of actuarial science and addresses both the current and future needs of the industry. The programme incorporates all mathematical techniques, in particular from the fields of probability and statistics, a modern actuary could not do without. Our programme offers the following exemptions under the IFoA's new Curriculum 2019: CS1, CS2 (Actuarial Statistics) and CM2 (Actuarial Mathematics). If you are interested in developing a career as an actuary, this programme of study will provide the ideal entry platform into a broad range of employment sectors, such as Insurance, Finance and Risk Management.

Open days

For details of the next University Postgraduate open day, visit open days and visits

Fees

For entry in the academic year beginning September 2022, the tuition fees are as follows:

  • MSc (full-time)
    UK students (per annum): £13,500
    International, including EU, students (per annum): £23,500
  • MSc (part-time)
    UK students (per annum): £6,750
    International, including EU, students (per annum): £11,750

Further information for EU students can be found on our dedicated EU page.

The fees quoted above will be fully inclusive for the course tuition, administration and computational costs during your studies.

All fees for entry will be subject to yearly review and incremental rises per annum are also likely over the duration of courses lasting more than a year for UK/EU students (fees are typically fixed for International students, for the course duration at the year of entry). For general fees information please visit: postgraduate fees . Always contact the department if you are unsure which fee applies to your qualification award and method of attendance.

Self-funded international applicants for this course will be required to pay a deposit of £1000 towards their tuition fees before a confirmation of acceptance for studies (CAS) is issued. This deposit will only be refunded if immigration permission is refused. We will notify you about how and when to make this payment.

Policy on additional costs

All students should normally be able to complete their programme of study without incurring additional study costs over and above the tuition fee for that programme. Any unavoidable additional compulsory costs totalling more than 1% of the annual home undergraduate fee per annum, regardless of whether the programme in question is undergraduate or postgraduate taught, will be made clear to you at the point of application. Further information can be found in the University's Policy on additional costs incurred by students on undergraduate and postgraduate taught programmes (PDF document, 91KB).

Scholarships/sponsorships

We offer a number of postgraduate taught scholarships and awards to outstanding UK and international students each year.

If you're a current or recent student at The University of Manchester and plan to start a master's course in the Faculty of Science and Engineering, you may be eligible for our  Manchester Alumni Scholarship Schemes .

The University of Manchester is committed to widening participation in master's study, and allocates £300,000 in funding each year. Our  Manchester Master's Bursaries  are aimed at widening access to master's courses by removing barriers to postgraduate education for students from underrepresented groups.

For more information, see the Department of Mathematics Fees and funding  page or visit the University of Manchester  funding for master's courses website for more information.

Contact details

Department
Department of Mathematics
Contact name
Postgraduate Admissions Team
Telephone
0161 543 4020
Email
Website
https://www.maths.manchester.ac.uk
School/Faculty

Our internationally-renowned expertise across the School of Natural Sciences informs research led teaching with strong collaboration across disciplines, unlocking new and exciting fields and translating science into reality.  Our multidisciplinary learning and research activities advance the boundaries of science for the wider benefit of society, inspiring students to promote positive change through educating future leaders in the true fundamentals of science. Find out more about Science and Engineering at Manchester .

Courses in related subject areas

Use the links below to view lists of courses in related subject areas.

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