Heriot Watt University UK United Kingdom

BSc (Hons) Actuarial Science and Diploma in Industrial Training

Integrated Masters with deeper specialization and research focus
Taught in English
Duration 5 Years
Mode On Campus
Level Undergraduate
Degree Bachelors Degree
Closing soon September 2026

Course Overview

The BSc (Hons) Actuarial Science and Diploma in Industrial Training at Heriot Watt University UK is designed for mathematically gifted students aiming for a rewarding career in risk analysis and financial strategy. This rigorous undergraduate degree equips you with advanced quantitative skills to tackle complex problems in insurance, pensions, finance, and emerging fields like climate change and technology. You will delve into core actuarial disciplines, gaining a deep understanding of probability, statistics, financial mathematics, and risk management. This programme is ideal if you are passionate about applying analytical prowess to real-world business challenges and aspire to become a qualified actuary.

You will study this programme full-time on campus over five years, including a significant 12-month industrial placement in your fourth year, leading to the Diploma in Industrial Training. Your learning journey will encompass foundational calculus, statistical science, and finance in the early years, progressing to specialised actuarial topics such as survival models, portfolio theory, and risk theory. The mandatory work placement provides invaluable practical experience with leading organisations, enhancing your professional network and employability. You will graduate with a comprehensive blend of academic knowledge and hands-on experience, prepared for diverse career paths within the financial services sector.

Course Curriculum & Details

Detailed information for serious evaluators

Program Overview

This program provides a comprehensive education in Actuarial Science, equipping students with the mathematical and statistical tools necessary for a career in risk assessment and financial management. The curriculum covers foundational calculus, probability, and statistics, progressing to advanced topics in actuarial and financial mathematics, life insurance, and risk theory. The inclusion of a Diploma in Industrial Training ensures practical experience through a supervised placement, preparing graduates for professional roles in the insurance and finance industries.

1 Year 1

Calculus A
Introduction to University Mathematics
Topics in Statistical Practice
Calculus B
Professional Development Planning
Elements of Probability
Introductory Economics
Finance and Financial Reporting

2 Year 2

Multivariable Calculus and Real Analysis A
Linear Algebra
Actuarial and Financial Mathematics A
Algorithmic and Scientific Programming
Probability and Statistics A
Multivariable Calculus and Real Analysis B
Actuarial and Financial Mathematics B
Probability and Statistics B
Finance and Financial Reporting
Numerical Analysis A
Database Management Systems

3 Year 3

Life Insurance Mathematics A
Statistical Models A
Portfolio Theory and Asset Models
Stochastic Processes
Life Insurance Mathematics B
Derivative Markets and Discrete Time Finance
Statistical Models B
Survival Models

4 Year 4

Industrial Training Placement A
Industrial Training Placement B

5 Year 5

Introductory Economics
Statistical Machine Learning
Continuous-Time Finance
Pensions
Financial Mathematics
Further Statistical Methods
Life Office Practice
Risk Theory
Time Series
Risk Management: Techniques and Tools
Bayesian Inference & Computational Methods

Cost & Affordability

A clear picture of what this course will cost you

Program Costs

12% off
First Year Fee Tuition fee
USD 30,844.00 USD 34,884.00
Second Year Fee Tuition fee
USD 34,884.00
Third Year Fee Tuition fee
USD 34,884.00
Fourth Year Fee Tuition fee
USD 34,884.00
Fifth Year Fee Tuition fee
USD 34,884.00
Total Program Cost Estimated total tuition
USD 170,383.00 USD 174,423.00

Currency note: Program costs shown in USD based on the available tuition breakdown.

Living Costs

Accommodation
USD 503.00 - USD 2,667.00
Food & Groceries USD 4,833.00 - USD 6,444.00
Transport USD 967.00 - USD 1,128.00
Utilities & Bills USD 2,417.00 - USD 6,847.00
Estimated Total USD 8,217.00 - USD 14,419.00

Living cost estimates are based on Edinburgh Campus.

Outcomes & Employability

What happens after you graduate

84%
Graduate Employment Rate Within 6 to 12 months of graduation

Common Graduate Roles

Aerospace ManufacturingAviation Maintenance & RepairBanking & Financial ServicesEnergy Policy & RegulationEnergy Storage & TechnologyFinancial Technology (Fintech)Health, Safety & Environment (HSE)Lean Manufacturing & Process ImprovementTax & Legal ComplianceUnmanned Aerial Vehicles (Drones)

Top Employers Hiring for this course

Aviva

Deloitte

EY

Leornado

Lloyds Banking Group

NatWest Group

SLB

Sainsbury's

Why Study BSc (Hons) Actuarial Science and Diploma in Industrial Training at Heriot Watt University UK

What makes this program stand out

September 2026 Closing soon

Next intake is in September 2026

Life at Heriot Watt University UK in United Kingdom

What daily life looks like for international students

Language

English

Primary language everywhere

Climate

Mild & Rainy

10-20°C average, pack layers

Safety (Numbeo Safety Index)

Very Safe

Exeter is one of UK's safest cities

Frequently Asked Questions

Common questions about BSc (Hons) Actuarial Science and Diploma in Industrial Training at Heriot Watt University UK

Can I work while studying?

International students can work up to 20 hours per week during term time and full-time during breaks for degree courses. No separate work permit is required.

What English language score do I need for this course?

For TOEFL, you need a listening score of 17, overall 79, and specific scores in reading, speaking, and writing. IELTS requires an overall score of 6.5 with no lower than 6.5 in each component.

What jobs can I get after studying this course?

Some job titles you might pursue include actuary, risk analyst, pension consultant, insurance underwriter, and investment analyst.

What will I actually study in this course?

This program combines a BSc in Actuarial Science with a year-long work placement, giving you practical experience. You'll engage in risk analysis in areas such as insurance, pensions, and emerging fields like health and finance.

When can I start — what are the intake months?

The program starts in September. Make sure to apply before the deadline to secure your place.
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