City, University of London

City, University of London

Actuarial Science

The MSc in Actuarial Science offers students a firm grounding in the fundamentals of actuarial science, including detailed study of the mathematical and statistical techniques used in the insurance, pensions, and financial services industries. The MSc in Actuarial Science course is accredited by the Institute and Faculty of Actuaries. Cass Business School was the first institution in the UK to have both undergraduate and postgraduate actuarial programmes fully accredited and is also recognised by other actuarial professional bodies around the world. Consequently, students have an opportunity to gain exemptions from up to eight of the Core Technical examinations (Subjects CT1-CT8) of the Institute and Faculty of Actuaries. The programme is delivered via face-to-face lectures from qualified actuaries, academics and other subject-specialists, complemented by dedicated online support, easy access to faculty members, and advice on study and exam techniques. Lecturers use their commercial experience and research expertise to deliver a challenging, relevant and intellectually stimulating course. Successful candidates on the MSc in Actuarial Science may also proceed to the MSc in Actuarial Management.

Entry requirements

Minimum of 2.1 Honours degree in a subject with an adequate mathematical content such as mathematics, statistics, economics, physics and engineering; international applicants must have a score of 7 in IELTS, 600 in TOEFL 250 computer based.

Course modules

Term 1
- Financial Mathematics
- Finance & Financial Reporting
- Probability & Mathematical Statistics
- Business Economics
- Research Methods module

Term 2
- Modelling
- Contingencies
- Statistical Methods
- Financial Economics

Term 3
- MSc Research Project

Assessment methods

We review all our courses regularly to keep them up-to-date on issues of both theory and practice. Consequently, there may be some change to the detailed content of the modules and occasionally to module titles.

To satisfy the requirements of the degree programme students must complete:

at least five out of eight core courses (Terms 1 and 2) and the Research Methods module (Term 1)

five electives in Term 3

one elective and a Business Research Project in Term 3

three electives and an Applied Research Project in Term 3

During the induction period, which is compulsory, a variety of activities are offered to students, to support them in their learning and professional development. Cass Careers offers workshops with a focus on the key skills that employers are looking for, as well as preparing students for the application process. The annual MSc Careers Fair at this time provides the opportunity to meet more than 60 companies who are recruiting across many sectors including insurance, pensions, finance, energy, and other fields. Furthermore, innovative workshops are run on advanced study skills and obtaining practical insight to actuarial work.


Qualification Study mode Start month Fee Course duration
MSc Full-time September 2016 GBP 20,000 per Whole course (England) 1 years
MSc Full-time September 2016 GBP 20,000 per Whole course (International) 1 years
MSc Full-time September 2016 GBP 20,000 per Whole course (Northern Ireland) 1 years
MSc Full-time September 2016 GBP 20,000 per Whole course (Scotland) 1 years
MSc Full-time September 2016 GBP 20,000 per Whole course (Wales) 1 years

Campus details

Campus name Town Postcode Region Main campus Campus Partner
Northampton Square Islington EC1V 0HB South East

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