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

MSc Actuarial Management

UK

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What will I learn?

The MSc in Actuarial Management gives you all the training you need to become an expert in actuarial business management, to be able to judge the right action to take, and to be able to persuade others of your ideas, in order to make the business successful. The MSc in Actuarial Management is fully accredited with the Institute and Faculty of Actuaries in the UK for subjects: CP1, CP2, CP3, SP2, SP4, SP5, SP6, SP7, SP8 and SP9. In addition, studying subject SP9 leads to the internationally recognised Certified Enterprise Risk Actuary (CERA) qualification. Students also have the opportunity to take courses that provide exemption from earlier subjects, such as CB1, CB2, CM2 or CS2. These subjects cover a variety of areas including life insurance, risk management, investment, derivatives, pensions, communication and modelling. You choose the best combination 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. 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.

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 £1,184

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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