Heriot Watt University UK United Kingdom

BSc (Hons) Mathematical, Statistical and Actuarial Sciences 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) Mathematical, Statistical and Actuarial Sciences and Diploma in Industrial Training at Heriot Watt University UK is engineered for ambitious students seeking to build a robust foundation in modern mathematics, contemporary statistics, and actuarial sciences, with a unique emphasis on practical application. This undergraduate degree is ideal for those who are drawn to analytical problem-solving, data interpretation, and understanding the intricate dynamics of the insurance, pensions, and finance sectors. You will gain comprehensive training that equips you to address complex real-world challenges, making you highly sought after in a wide array of professional pathways, including opportunities within Edinburgh's vibrant financial and insurance industries.

This full-time, on-campus programme is delivered over five years, integrating a 12-month industrial training placement that provides invaluable professional experience. Throughout your studies, you will engage with core subjects like calculus, algebra, probability, statistics, and actuarial mathematics, alongside opportunities to explore advanced topics such as stochastic processes, survival models, and risk theory. You will graduate with a strong blend of theoretical knowledge and practical skills, prepared for careers in finance, data science, actuarial roles, and beyond, with the potential to gain exemptions from key Institute and Faculty of Actuaries (IFOA) professional examinations.

Course Curriculum & Details

Detailed information for serious evaluators

Program Overview

This program offers a comprehensive education in mathematical, statistical, and actuarial sciences, complemented by a practical industrial training component. Students will build a strong foundation in calculus, linear algebra, probability, and statistical modeling, progressing to advanced topics in actuarial and financial mathematics. The curriculum integrates theoretical knowledge with practical application, preparing graduates for diverse roles in quantitative fields.

1 Year 1

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

2 Year 2

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

3 Year 3

Abstract Algebra Mandatory
Statistical Models A Mandatory
Introductory Economics Optional
Vector Analysis Optional
Pure Mathematics B Optional
Life Insurance Mathematics A Optional
Portfolio Theory and Asset Models Optional
Stochastic Processes Optional
Ordinary Differential Equations Mandatory
Statistical Models B Mandatory
Finance and Financial Reporting Optional
Applied Mathematics B Optional
Complex Analysis Optional
Numerical Analysis B Optional
Life Insurance Mathematics B Optional
Derivative Markets and Discrete Time Finance Optional
Survival Models Optional

4 Year 4

Industrial Training Placement A Mandatory
Industrial Training Placement B Mandatory

5 Year 5

Applied Mathematics C Optional
Mathematical Biology A Optional
Functional Analysis Optional
Optimisation Optional
Numerical Analysis C Optional
Pure Mathematics C Optional
Continuous-Time Finance Optional
Life Insurance Mathematics A Optional
Pensions Optional
Financial Mathematics Optional
Further Statistical Methods Optional
Mathematical Biology B Optional
Partial Differential Equations Optional
Numerical Analysis D Optional
Pure Mathematics D Optional
Geometry Optional
Life Insurance Mathematics B Optional
Life Office Practice Optional
Risk Theory Optional
Stochastic Networks Optional
Time Series Optional
Risk Management: Techniques and Tools Optional
Bayesian Inference & Computational Methods Optional

Cost & Affordability

A clear picture of what this course will cost you

Program Costs

15% off
First Year Fee Tuition fee
USD 23,102.00 USD 27,142.00
Second Year Fee Tuition fee
USD 27,142.00
Third Year Fee Tuition fee
USD 27,142.00
Fourth Year Fee Tuition fee
USD 27,142.00
Fifth Year Fee Tuition fee
USD 27,142.00
Total Program Cost Estimated total tuition
USD 131,670.00 USD 135,710.00

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 Supply Chain & LogisticsAlternative Aviation Fuel & SustainabilityAutomation & RoboticsAviation Maintenance & RepairEconomic Research & PolicyEnergy Trading & MarketsInvestment Management & Asset ManagementRenewable Energy (Solar & Wind)Retail & GrocerySupply Chain & Food Logistics

Top Employers Hiring for this course

Aviva

Deloitte

EY

Leornado

Lloyds Banking Group

NatWest Group

SLB

Sainsbury's

Why Study BSc (Hons) Mathematical, Statistical and Actuarial Sciences 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) Mathematical, Statistical and Actuarial Sciences and Diploma in Industrial Training at Heriot Watt University UK

Can I work while studying?

International students can work part-time during term time (20 hours for degree courses). Full-time work is allowed during breaks without a separate work permit.

What English language score do I need for this course?

For the TOEFL test, you'll need a listening score of 17, an overall score of 79, and specified minimums in other areas. IELTS and PTE have similar minimum requirements to demonstrate your English proficiency.

What jobs can I get after studying this course?

Potential job titles include Actuary, Data Analyst, Statistician, Financial Consultant, and Risk Analyst.

What will I actually study in this course?

If you want to start your career with a year's work experience in hand, then you should consider this Programme. It combines the rigorous studies of the BSc (Hons) in Mathematical, Statistical and Actuarial Sciences with a year-long work placement in level 4. Good performance means 12 months' experience of working in an organisation in the finance or actuarial sector. The Diploma in Industrial Training is gained through successful completion of this work placement. The work placement helps

When can I start — what are the intake months?

The course begins in September. Make sure to prepare your application in advance to secure your spot.
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