MSc Actuarial Science and Management

Programme Directors: Year 1 Ian Sharpe /Year 2 Jane Gormley

Programme Code: F7IM-ACP

For further information about course choices consult:

Stage 1

Programme Director: Ian Sharpe

Semester 1 (Mandatory)	Semester 2 (Optional)
F71AA Actuarial Applications	F71AK Financial Economics for Actuarial Science
F71AB Financial Mathematics	F71DA Data Analytics and Time Series Analysis
F71AC Financial Models of Life Contingencies	F71MM Markov Processes and Survival Modelling
Semester 1 (Optional)	F71GF Climate Change and Sustainability
C21AO Economics	F78DS Data Science Life Cycle
F71SM Statistical Methods	F70LP Life Office Practice (not running 24/25)
	F71SP Stochastic Networks (not running 24/25)
	C31FF Finance and Financial Reporting

Stage 1 Notes: There are three mandatory courses in stage 1 (F71AA/AB/BC). All other courses in Stage 1 are optional. Students may choose any courses leading to a minimum of 120 credits, but not limited to 120 credits. Students may study all available courses in order to obtain maximum possible exemptions from the examinations of the Institute and Faculty of Actuaries (IFoA). Guidance is provided to students on selection of courses.

Progression to stage 2 will be on the basis of an average mark of 60% over any set of courses at grades A-D taken at the first attempt, bearing 120 credits in total, and grade C in all mandatory courses.

Stage 2

Programme Director: Jane Gormley

Semester 1 (Mandatory)	Semester 2 (Mandatory)
F71CA Actuarial Risk Management 1	F71CB Actuarial Risk Management 2
Semester 1 (Optional)	Semester 2 (Optional)
F71PC Pensions A	F71PD Pensions B
F71LA Life Insurance 1	F71LB Life Insurance 2
F71QR Quantitative Risk Analysis	F71TT Risk Management: Techniques and Tools
F71DV Derivative Markets and Pricing	F71AP Advanced Derivative Pricing
F71RA Machine Learning for Risk and Insurance 1	F71RB Machine Learning for Risk and Insurance 2
C31FM Financial Markets	C31FV Finance and Investment

Semester 3: F71MD MSc Dissertation (60 Credits)

Stage 2 Notes: Two mandatory courses (F71CA/CB) and three pairs of optional courses from F71PC/PD, F71LA/LB, C31FM/FV, F71DV/AP, F71QR/TT and F71RA/RB totalling 120 credits. Each pair of courses is associated with exemption from one examination of the Institute and Faculty of Actuaries (except pair F71RA/RB). Courses must be chosen in pairs as above. In 202425 students who have not taken F71AH and F71AJ in Stage 1, may take F71AA and F71AK in Y2 for CM2 exemption. Students should discuss this with the Programme Director.