Actuarial Management

Heriot-Watt University


Edinburgh Campus


Taking our MSc in Actuarial Management is a great way to speed your progress to this most prestigious of careers - it's designed to take you almost all of the way to qualification. A student who graduates with a full set of exemptions from Heriot-Watt (CT, CA and ST subjects) will only have three more examinations to pass, as well as gaining the necessary work experience, to qualify as a Fellow of the Institute and Faculty of Actuaries.

In the taught element of the programme each student takes eight semester-long courses. These are linked in pairs, one per semester. One pair of courses – covering Actuarial Risk Management – is compulsory and corresponds to subject CA1. It applies the principles of actuarial mathematics to a wide range of financial and insurance settings. Students choose a minimum of two pairs of courses from a list including Life Office Management (subject ST2), Pensions (subject ST4), Investment and Finance (subject ST5), Derivatives (subject ST6) and Enterprise Risk Management (subject ST9).

The choice of courses may depend on the coverage of actuarial subjects in the student’s first degree. Depending on individual circumstances, other optional courses may be made available, for example courses from the MSc in Actuarial Science or in other disciplines. However, students choosing to take three pairs of courses, potentially leading to exemptions from three ST subjects, will have an exceptionally broad range of employment opportunities.

You can exit at the end of 6 months with PgCert Actuarial Management.

You can exit at the end of 9 months with PgDip Actuarial Management.

Entry Requirements

Entry requires a strong Bachelors or Masters degree with a substantial actuarial content and covering a sufficient number of the Core Technical subjects CT1 to CT8 of the professional actuarial examinations.

A willingness to work hard and a drive to succeed are also important prerequisites.

If you have not already passed most or all of the Core Technical subjects (CT1 to CT8) then please refer to our MSc in Actuarial Science.

Start Date



Postgraduate Master's



Study Method

Full time

Course Length

12 months


School of Mathematical and Computer Sciences


Actuarial Mathematics and Statistics

SCQF Level