MSc Actuarial Science and Management

Programme Code: F7IM-ACP

For further information about course choices consult:


Stage 1

Peter Ridges

Programme Director: Peter Ridges

Semester 1 Timetable                                                       Semester 2 Timetable

Programme Structure

Stage 1

Semester 1 (Mandatory)Semester 2 (Mandatory)
F71AF Life Insurance Mathematics 1 (15 Credits)F71BF Life Insurance Mathematics 2  (15 Credits)
F71AB Financial Mathematics (15 Credits)
Semester 1 (Optional) Semester 2 (Optional)
C21AO Economics (15 Credits) F71AE Survival Models (15 Credits)
C31FF Finance and Financial Reporting (15 Credits) F71AG Risk Theory (15 Credits)
F71SM Statistical Methods (15 Credits) F71AH Financial Economics 1 (15 Credits)
F71SZ Stochastic Modelling (7.5 Credits) F71AJ Financial Economics 2 (15 Credits)
F71DA Data Analytics and Time Series Analysis (15 Credits)

Stage 1 Notes: There are three mandatory courses in stage 1 (F71AF/AB/BF). 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.


Stage 2

Programme Director:  Prof Angus Macdonald 

Semester 1 Timetable                                                            Semester 2 Timetable

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
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 and F71QR/TT totalling 120 credits. Each pair of courses is associated with exemption from one examination of the Institute and Faculty of Actuaries and must be chosen in pairs as above.