Actuarial Management (MSc)

Objectives

The MSc in Actuarial Management programme covers material relating to the second and third stages of the professional examinations of the Institute and Faculty of Actuaries, namely the Core Practices subjects and Specialist Principles subjects.

Taking this master's degree at Bayes means you are studying in the first institution in the UK to have both undergraduate and postgraduate programmes fully accredited by the UK Institute and Faculty of Actuaries.

You can also gain exemptions from the IFoA's examinations. In particular you can gain exemptions in Actuarial Practice (Subject CP1), Modelling Practice (Subject CP2) and Communications Practice (Subject CP3) and most of the Specialist Principles (SP) subjects.

What will you learn

On the Actuarial Management MSc you will learn to:

• Demonstrate knowledge and understanding of the main areas of actuarial practice
• Demonstrate knowledge and understanding of the general commercial environment
• Demonstrate knowledge and understanding of how to monitor measure and manage risk effectively
• Apply actuarial, statistical and related methods to assess and manage risk
• Communicate effectively with non-specialists in the area
• Display the professional integrity, conduct and responsibility required by the actuarial profession.

In addition to the compulsory modules below, students must choose a total of three modules across Terms 1 and 2 from the list of electives (including at least two SP modules). Note that all Core Principles (CS, CM and CB) modules offered are subject to availability as they are hosted by the MSc in Actuarial Science and students on this programme will be given priority. Finally, the exemption from Communications Practice (CP3) is offered on a subject-by-subject basis.

Induction weeks

All of our MSc courses start with two compulsory induction weeks which include relevant refresher courses, an introduction to the careers services and the annual careers fair.

Career destinations for MSc Actuarial Management

Our MSc Actuarial Management teaches you the technical skills and problem-solving techniques for a successful rewarding career as an actuary. This master’s degree reflects the changing skills expected from actuaries in the fields of life and non-life insurance, health and care, pensions, finance and investment.

We have many qualified actuaries on our teaching staff who use their commercial experience and research to inform their teaching. Our academics maintain close links with the industry with many having worked, or still working, in their specialist sectors. Our graduates’ benefit from our contacts with numerous fantastic City firms, moving into positions in those firms every year.