The University of Manchester
Actuarial Science MSc
The University of Manchester

Course modalities offered
  • On campus - h Main Site
  • Sep 1, 2023 Part-time - 24 Months
  • On campus - h Main Site
  • Sep 1, 2023 Full-time - 12 Months

Key Course Facts

Salary

Salary of all UK Graduates of

  15 months after graduation 3 years after graduation 5 years after graduation
Median salary £33109 £34159 £35700
25-75 percentile range £30122 - £40073 £20370 - £39639 £22368 - £42249
Source: Longitudinal Education Outcomes (LEO) by UK Department for Education Dec 20, 2022
All courses in the UK

Course Description

The MSc in Actuarial Science provides a strong grounding in the mathematics of actuarial science and addresses both the current and future needs of the industry. The programme was recently established and incorporates all mathematical techniques, in particular from the fields of probability and statistics, a modern actuary could not do without. Accredited by the Institute and Faculty of Actuaries, the course will offer the following exemptions in the IFoA's revised Curriculum 2019: CS1, CS2 (Actuarial Statistics) and CM2 (Actuarial Mathematics). (Reaccreditation for Curriculum 2019 is currently pending). If you are interested in developing a career as an actuary, this programme of study will provide the ideal entry platform into a broad range of employment sectors, such as Insurance, Finance and Risk Management.

Accredited by the General Pharmaceutical Council (GPhC) in order to progress to pharmacist pre-registration training and then to register as a pharmacist. Please note, the 5-year integrated MPharm degree programme includes pre-registration training.

Entry Requirements / Admissions

UCAS Tariff of Accepted Students for this course

chart data
Source: Unistats by Higher Education Statistics Agency (HESA) Oct 10, 2023
This particular course

Requirements for international students / English requirements

IELTS academic test score (similar tests may be accepted as well)

    • 6.5
    • All other courses
    • 6.5
    • Manchester Business School East - Undergraduate Degrees
    • 6.5
    • Manchester Business School - Graduate Degrees
    • 7.0
    • Graduate Degrees
    • (no subscore less than 6.0)
    • 7.0
    • Undergraduate Degrees
    • (no subscore less than 6.0)

Get advice on which foundation courses are best for you to still study Actuarial Science, MSc, if you do not meet the minimum requirements in terms of UCAS score, A levels, or English language requirements.

Costs

Average student cost of living in the UK

Rent £518
Water, gas electricity, internet (at home) £50
Supermarket shopping £81
Clothing £35
Eating out £33
Alcohol £27
Takeaways / food deliveries £30
Going out / entertainment (excl.alcohol, food) £24
Holidays and weekend trips £78
Transport within city £17
Self-care / sports £20
Stationary / books £13
Mobile phone / internet £13
Cable TV / streaming £7
Insurance £51
Other £95
  
Average student cost of living £1092

London costs approx 34% more than average, mainly due to rent being 67% higher than average of other cities. For students staying in student halls, costs of water, gas, electricity, wifi are generally included in the rental. Students in smaller cities where accommodation is in walking/biking distance transport costs tend to be significantly smaller.

Source: Own research based on surveys and university data

University Rankings

Positions of The University of Manchester in top UK and global rankings.

Rankings of The University of Manchester in related subject specific rankings.

Business

    • #4 
    • #51 
    Finance
    GRAS Global Ranking of Academic Subjects - ShanghaiRanking
    [Published 27 October, 2023]

See all 40 university rankings of The University of Manchester

About The University of Manchester

The University of Manchester is a publicly funded research university with a mission to advance education, knowledge and wisdom for the good of society. University of Manchester’s main site is home to the majority of its faculties and is referred to by its students as ‘the campus’, although in reality Manchester does not have a campus but is instead interspersed throughout the city of Manchester.

List of 622 Bachelor and Master Courses from The University of Manchester - Course Catalogue

Student composition of The University of Manchester

Total number of students enrolled at The University of Manchester by level Academic year 2021/22 - Full-time equivalent student enrollments published by Higher Education Statistics Agency (HESA) on February 2022
undergraduates:
30130
postgraduates:
12730
Total:
42860
Number of students enrolled in courses of subject “Actuarial Science”: 4510 Academic year 2021/22 - Full-time equivalent student enrollments published by Higher Education Statistics Agency (HESA) on February 2022
Source: Academic year 2021/22 - Full-time equivalent student enrollments published by Higher Education Statistics Agency (HESA) on February 2022
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Where is this programme taught

Main Site
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Admission advice for international students