Actuarial Science with Data Analytics MSc

University Of Leicester, United Kingdom

actuarial-science-with-data-analytics-msc

Next enrollment cycle

September 2022

See all cycles

Total Course Fee

USD 28,739

Course Accredited By

IFoA

  • 9 Months
  • On Campus
  • Postgraduate
  • Degree
This programme is for you if you want to kick-start your actuarial career and gain the skills to apply data analytics to solve real business problems.
  • Whether you have yet to start the actuarial professional exams, or you have already passed some of the Core Principles subjects you will be able to choose a route that maximises your potential exemptions from the IFoA exams. In some cases you will be able to finish with all the exams needed to become a fully-qualified actuary as an Associate member of the IFoA (Qualification as an Associate requires two years' work experience qualifying for PPD, successfully completing the online Professional Skills Course, and successfully completing the online CB3 course and assessment.)
  • Data skills are vital for all professionals and Data Analytics is at the heart of this course which has been designed for maximum flexibility, allowing you potentially to gain exemptions from all the examined Core Principles subjects (CS 1&2, CM 1&2, CB 1&2) or, if you already have some passes under your belt, to add the Core Practices subjects (CP 1, 2 & 3). After the compulsory Data Science module, you are free to select modules that align with your personal goals – whether that’s to gain as many exemptions as possible, or to explore more advanced data analytics topics like Data Mining and Neural Networks. All our actuarial modules are taught with an emphasis on the ability to manipulate and analyse realistic data sets using industry standard software so you can be sure you are developing skills that are highly sought after by industry
  • But actuarial science is not just about quantitive data and mathematical techniques. In every module you will be supported to develop key business skills – problem solving, communication and teamwork – as well as growing your understanding of the business and financial environment where actuaries operate. This unique combination of technical expertise and transferable business skills means you will be well placed to work in the worlds of insurance, pensions, healthcare, banking, business management and risk assessment. You will be equipped with mathematical and statistical knowledge and problem-solving skills to help businesses and institutions evaluate the long-term financial implications of the decisions they make while continuing your actuarial professional qualification.

Enrollment Cycles

  • September 2022

Entry requirements

  • At least a 2:1 in a relevant subject (Mathematics, Statistics, Sciences, Economics). We will consider graduates from other subjects on an individual basis - students will need to demonstrate their ability in mathematics is at an appropriate level if do not have at least a B at A-level.

English Language Requirements

  • IELTS 6.0 or equivalent. If your first language is not English, you may need to provide evidence of your English language ability. If you do not yet meet our requirements, our English Language Teaching Unit (ELTU) offers a range of courses to help you to improve your English to the necessary standard.
  • MSc

Core module

  • Fundamentals of Data Science

Option modules

Choose three option modules from:

  • Actuarial Modelling 1 (CM1)
  • Markov Processes (CS2)
  • Statistical Distributions and Inference (CS1)
  • Financial Mathematics 1 (CM2)
  • Business Microeconomics (CB2)
  • Operational Research
  • Fundamentals of GIS
  • must be chosen if wishing to select Geospatial Data Analytics from the list below

Plus four option modules from:

  • Business Finance (CB1)
  • Actuarial Modelling 2 (CM1)
  • Survival Models (CS2)
  • Statistical Data Analysis (CS1)
  • Liability Modelling (CM2)
  • Business Macroeconomics (CB2)
  • Generalised Linear Models
  • Data Mining and Neural Networks
  • Geospatial Data Analytics
  • must have chosen Fundamentals of GIS from the earlier list

Summer modules

Core modules

  • Actuarial Communications Project (CP3)
  • Actuarial Modelling Project (CP2)

Option modules

Choose& one option module from:

  • Business Economics (CB2)
  • Actuarial Practice 1 (CP1)
  • Readings about Green Economics
  • PGDip
  • If you wish to complete a PGDip instead of an MSc, you will take the same core and option modules, but not the summer modules that are part of the MSc

Core module

  • Fundamentals of Data Science

Option modules

Choose three option modules from:

  • Actuarial Modelling 1 (CM1)
  • Markov Processes (CS2)
  • Statistical Distributions and Inference (CS1)
  • Financial Mathematics 1 (CM2)
  • Business Microeconomics (CB2)
  • Operational Research
  • Fundamentals of GIS
  • must be chosen if taking wishing to select Geospatial Data Analytics from the list below

Plus four option modules from:

  • Business Finance (CB1)
  • Actuarial Modelling 2 (CM1)
  • Survival Models (CS2)
  • Statistical Data Analysis (CS1)
  • Liability Modelling (CM2)
  • Business Macroeconomics (CB2)
  • Generalised Linear Models
  • Data Mining and Neural Networks
  • Geospatial Data Analytics
  • must have chosen Fundamentals of GIS from the earlier list
  • UK and EU Students 
  • This is the total course fee. 
  • Starting in September 2021 
  • MSc: £11,110 
  • PGDip: £8,890 
  • If you are resident outside the UK and the Republic of Ireland, you will need to pay a deposit of £2,000 to secure your place. This will be subtracted from your total tuition fee.

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