BSc (Hons) in Actuarial Science, Heriot Watt University

Edinburgh,

48 Months

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About this course

The BSc (Hons) Actuarial Science programme at Heriot-Watt University is designed for students passionate about maths and interested in pursuing a rewarding career that combines intellectual challenge with financial benefits. The course offers a comprehensive curriculum grounded in industry knowledge, with 30% of teaching staff being qualified actuaries, ensuring relevant and up-to-date instruction. Students have opportunities to undertake paid industry placements and participate in exchange programmes in Canada, Australia, or via Heriot Watt’s Malaysia campus. Actuarial work involves applying advanced quantitative skills to solve complex risk-related business problems across various sectors such as insurance, pensions, health, technology, banking, finance, and climate change. The programme emphasizes practical skills, professional development, and exposure to real-world industry practices, preparing students thoroughly for their future careers.

Why this course is highly recommended

Heriot-Watt’s Actuarial Science programme is highly regarded because it is taught by qualified actuaries with significant industry experience, adding practical relevance to the education. The university has a pioneering history as the first in the UK to offer this degree, consistently leading in the field. Students benefit from exemptions from actuarial exams, which accelerates their professional journey. The programme’s strong reputation is reflected in its high graduate employment rates and competitive salaries, making it an attractive choice for students seeking a lucrative and intellectually fulfilling career.

Specialisation

This programme focuses specifically on actuarial science, with a curriculum designed to develop skills in statistical science, calculus, probability, and financial mathematics. Students engage with modules like Introduction to Statistical Science, Calculus, and Topics in Statistical Practice, providing a solid foundation in the core areas of actuarial work. The course also offers options and practical work meant to develop professional skills necessary for a career in risk analysis and financial services.

Course fees

Application fees

1st year tuition fees

26.40L

Living cost

Degree requirements

For entry into Year 1, applicants typically need Highers with AAAB including Mathematics, or A-Levels with AAB-AAA including Mathematics. The International Baccalaureate requires 28 points with Higher Level Mathematics at 6. Minimum English and Maths requirements from GCSEs or equivalents are also specified. The university provides some flexibility through its Fair Access Policy for Scottish students based on their circumstances, with relaxed requirements for certain groups.

English language test

PTE

DUOLINGO

IELTS

6.5

TOEFL

Career prospects

Graduates from this programme are well-positioned for careers in finance, business, research, and public service roles. About 70% of the students are employed within 15 months of graduating, with an average salary of £33,000. Potential career paths include roles as finance professionals, business analysts, research specialists, and other positions involving risk assessment, data analysis, and financial management. The strong industry links and professional exemptions gained during the course facilitate a smooth transition into the workforce.

FAQs

What are the opportunities for international exchange?

Students can participate in exchange programmes in Canada, Australia, or at Heriot Watt’s Malaysia campus, expanding their cultural outlook and gaining international experience.

What kind of industry exposure does the course offer?

With 30% of teaching staff being qualified actuaries and options for paid placements, students gain industry-relevant skills and professional insights that enhance employability.