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Actuarial Science, MSc




What will I learn?


An actuary is a business professional who applies mathematics and statistics to assess risk in a wide variety of contexts ranging from insurance and banking to health and government planning. The MSc in Actuarial Science is designed to give graduates from numerate disciplines a grounding in the mathematical and statistical theories needed to become a qualified actuary. You will gain key marketable skills in applying mathematics and statistics to the modelling of actuarial problems. This programme is accredited by the professional body for actuaries in the UK (the Institute and Faculty of Actuaries), and successful graduates will gain exemptions from up to three professional examinations.


In the first part of the course you will study a wide range of modules covering topics in actuarial mathematics and statistics. In the second part you will complete a significant dissertation project.

Over the course of your studies you will be assessed by a combination of written examinations, coursework and the dissertation.

Your studies will be supported by facilities including the main university library - containing an extensive collection of mathematics resources, and our Information Services and Systems (ISS).

Also available to you is the Reading Room in the centre of the department. This is home to the departmental library and a suite of computers.

Careers and Employability

Our career support services include:

Employability workshops, employers’ talks, bespoke events and careers fairs
Individual advice and guidance from professionally qualified Careers Advisers
Help with finding jobs, internships, work placements and volunteering opportunities
Access to information resources on a wide range of career management topics
Funding to support student internship opportunities and Student Society/Club events.

We also provide help and advice for Swansea University Alumni up to two years after you graduate.

Which department am I in?


Study options

Full Time (1 year)

Tuition fees
£23,550.00 (US$ 28,714) per year
Tuition fees for years of study after your first year are subject to an increase of 3%.

This is a fixed fee

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

Start date

25 September 2023


Bay Campus

Fabian Way,


SA1 8EN, Wales

Entry requirements

For students from United States

Students need to have: Bachelor with CGPA 3.7 (out of 4.0) is comparable to UK 1st Class; Bachelor with CGPA 3.2 (out of 4.0) is comparable to UK 2.1 standard; Bachelor with CGPA 2.6 (out of 4.0) is comparable to UK 2.2 standard. IELTS 6.5 with 6.0 in each part of the test (or equivalent).

For international students

A 2:2 Honours degree or equivalent in Mathematics, Computer Science, Engineering, Physics, Economics or other numerate degree with significant mathematical/statistical content. Applicants whose first degree is not Mathematics will be considered on an individual basis taking into account the mathematical content of their first degree. IELTS 6.0 (with a minimum of 5.5 in each component) or equivalent English test.

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


About Swansea University

A dual campus university, Swansea University boasts excellent teaching, research and outstanding student support.

  • Rated in the top 30 UK research universities (REF 2014-21)
  • Awarded gold in the Teaching Excellence Framework (TEF)
  • UK Top 15 for career prospects (Complete University Guide)
  • Among the top 10 safest places to study in the UK

Get in touch