MSc/Diploma in Actuarial Science

Department of Actuarial Mathematics and Statistics

Frequently Asked Questions

Why should I choose Heriot-Watt?

• The MSc/Diploma in Actuarial Science will get your career as an actuary off to a flying start.
• The course can lead to exemption from all of subjects CT1 to CT8 of the Institute of Actuaries and of the Faculty of Actuaries.
• The University has one of the finest campuses in the United Kingdom:
  • a beautiful parkland setting;
  • a peaceful environment free from the noise and pollution of a city centre;
  • shops (including general store and Blackwell's bookshop), restaurants, a bank (RBOS), and two cashpoints (one provided by RBOS);
  • a 24 hour computer room;
  • extensive on-campus medical and dental services;
  • a very well equipped sports centre and a new Sports Academy.
• The university can guarantee you a place in one of the modern residences, just minutes walk from the department.
• The current staff of the department (30 in total) includes 9 Fellows of the Faculty of Actuaries or of the Institute of Actuaries (together with 21 statisticians and financial mathematicians). The actuaries are:
  • active in many areas of research, both theoretical and practical;
  • active within the UK profession through participation in working parties, examination and education.
• The department has a reputation as being one of the leading international centres of research in Actuarial Science in the world - note the most recent Research Assessment Exercise rating - an excellent grade 5.
• Most students on the course live on campus - this encourages a happy group atmosphere amongst the students.