MSc Actuarial Management with Data Science: Fees & Entry Requirements at Heriot-Watt University, UK

MSc Actuarial Management with Data Science

UK

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What will I learn?

Data Science (machine learning) uses computer algorithms to build models of the future. Our MSc in Actuarial Management with Data Science will enable you to develop the skills to build and apply such models in an actuarial context. In addition, the degree is fully accredited with the Institute and Faculty of Actuaries in the UK for actuarial subjects: CP1, CP2, CP3, SP2, SP4, SP5, SP6 and SP9. Studying subject SP9 leads to the internationally recognised Certified Enterprise Risk Actuary (CERA) qualification. These subjects cover a variety of areas including life insurance, risk management, investment, derivatives, pensions, communication and modelling. Combining your choice of these with your development in machine learning skills will prepare you well for the modern world. You choose the combination that works for you. Completing this degree gets you close to qualification as an actuary, with only one or two exams left to complete after leaving university. It typically speeds up your qualification by one or two years. Self-Taught Courses On Enrolment On enrolment, you will gain access to the following self-taught courses that you can use (if you wish): Introduction To R Programming Introduction To Python Programming (For R Users) Report Writing In addition, enrolment at Heriot-Watt University gives you free access to LinkedIn Learning which contains thousands of online courses covering a wide range of subject areas. Studying in Edinburgh Edinburgh is a wonderful city close to the sea in Scotland in the United Kingdom. Heriot-Watt Edinburgh campus is established just to the west of the city in a beautiful green space. Transport links into the city centre are regular and travel by bus takes thirty minutes – and so you can choose the mix of city and campus life that you like best. Edinburgh is the financial heart of Scotland and many such companies are based there. It is also a centre of arts and culture, with the famous Edinburgh International Festival taking place in August each year. It is built on seven hills, and views regularly emerge and surprise as you walk the cobbled streets in the old town, or explore the beautiful sandstone buildings in the new town. Edinburgh Castle rises high in the centre of Edinburgh and is a big attraction for tourists. Access to all other cities in the UK is straightforward, with fast travel to London for instance taking only 4 hours. Delivery type: Full Time, Part Time available

Which department am I in?

Actuarial Mathematics and Statistics

Study options

Full Time (1 Year)

Tuition fees
£24,952.00 (27,18,675) per year
This is a fixed fee

*Price shown is for indicative purposes, please check with institution

Start date

September 2026

Venue

Heriot Watt University - Edinburgh Campus

Riccarton, Edinburgh,

Edinburgh,

Scotland,

EH14 4AS, Scotland, United Kingdom

Full Time (1 Year)

Tuition fees
£24,952.00 (27,18,675) per year
Living on campus cost (monthly) from £865 to £1,276

This is a provisional fee yet to be approved

*Price shown is for indicative purposes, please check with institution

Start date

September 2027

Venue

Heriot Watt University - Edinburgh Campus

Riccarton, Edinburgh,

Edinburgh,

Scotland,

EH14 4AS, Scotland, United Kingdom

Entry requirements

For international students

A minimum of a 2:1 honours degree or non-UK equivalent with substantial actuarial content or non related degree if you have joined profession and sat relevant examinations. Students should have covered much of the syllabus of early Institute and Faculty of Actuaries subjects: CM1, CM2, CS1, CS2, CB1 and CB2. If you have not passed most or all of the early actuarial Institute and Faculty of Actuaries subjects then our MSc in Actuarial Science (1 year) degree or our MSc in Actuarial Science and Management (2 year) degree may be better for you.

*There may be different IELTS requirements depending on your chosen course.

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About Heriot-Watt University

Heriot-Watt University is a world-leading institution ranked in the top 18% of universities in Europe (QS Europe Rankings 2025).

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