MSci Actuarial Science and Data Science (four-year integrated masters) MSc
University of Essex
Key Course Facts
Student Reviews
Below you can see course specific reviews of 275 graduates of MSci Actuarial Science and Data Science (four-year integrated masters) MSc and other courses in Economics at University of Essex for each of the survey questions in comparison to the average for all UK degree courses in Economics.
All Economics courses of University of Essex
Salary
Salary of Graduates in Economics
Important: Salary data below is not course specific, but contains data of all students of Economics at the university. Due to data collection methodology, salary data is mainly based on data related to undergraduate students.
15 months after graduation | 3 years after graduation | 5 years after graduation | |
---|---|---|---|
Median salary | £27000 | £29000 | £36500 |
25-75 percentile range | £24000 - £30000 | £21000 - £36500 | £30500 - £48500 |
All Economics courses of University of Essex
Salary of all UK Graduates of Economics
15 months after graduation | 3 years after graduation | 5 years after graduation | |
---|---|---|---|
Median salary | £30101 | £31974 | £42762 |
25-75 percentile range | £25019 - £35263 | £24892 - £42048 | £30343 - £57314 |
All Economics courses in the UK
Course Description
Our MSci Actuarial Science and Data Science is an Integrated Masters course that will teach you the art of turning risk into opportunity with the understanding of visualising data in actuarial applications and beyond. Such a skillset is crucial for the growing market for experts in data science with the collection and analysis of data being crucial to understanding how to improve, create and guide products and services across the globe.
Our attractive blend of actuarial science and data science will equip you with an understanding of real-world financial issues, efficient use of experimental design to provide fast and less expensive solutions, and computing skills essential for entering the actuarial and data science profession.
You’ll be taught theory and methods used by professional actuaries; on how to apply mathematical and statistical skills to minimise financial risk when the stakes are high, in areas such as commerce, government, insurance and finance. You’ll be provided with the crucial basis of core skills in data base programming and management, in developing data processing pipelines and in organising and analysing large and massive data sets. And you’ll be introduced to and use programming language Python and R for statistical analysis and data visualisation. In your third and fourth year, analysing data and methods in group projects will be essential capstone modules for the learning outcomes of the course.
Topics include:
- Contingencies, risk management and survival analysis
- Computer science and programming
- Statistics and operations research
- Artificial intelligence, databases and information retrieval
- Ethical issues around the use and processing of data
- Specialist skills in the areas of big data, data analytics and data science
Our Integrated Masters will give you the opportunity to fast-track your degree and complete your final year in nine months compared with a regular MSc which usually takes twelve months. Combining your undergraduate and postgraduate study in one degree will give you a strong theoretical background as well as specialist expertise through independent research. This combination makes graduates from our course attractive candidates for many employers.
Jobs & Career Perspectives
15 months after graduation, graduates of this course were asked about what they do and, if they are working, about their current job and their perspectives.
All Economics courses of University of Essex
Current jobs
All courses of University of Essex
Required skill level of job after 15 months
All Economics courses of University of Essex
Jobs of graduates of this course (15 months after graduation)
Example below based on all graduates of MSci Actuarial Science and Data Science (four-year integrated masters) MSc at University of Essex
22% | Business, Research and Administrative Professionals |
18% | Leisure, travel and related personal service occupations |
14% | Managers, directors and senior officials |
12% | Elementary occupations |
7% | Administrative occupations |
6% | Business and Financial Project Management Professionals |
2% | Teaching Professionals |
2% | |
2% | Business and public service associate professionals |
2% | Elementary occupations |
Grading Distribution
Students of the course received the following grades
Entry Requirements / Admissions
UCAS Tariff of Accepted Students for Economics
All Economics courses of University of Essex
Requirements for international students / English requirements
IELTS academic test score (similar tests may be accepted as well)
-
- 6.5
- Graduate Degrees
-
- 6.0
- Undergraduate Degrees
Costs
Tuition Fees MSci Actuarial Science and Data Science (four-year integrated masters) MSc
England UK | £9250 | year 1 |
---|---|---|
Northern Ireland | £9250 | year 1 |
Scotland | £9250 | year 1 |
Wales | £9250 | year 1 |
Channel Islands | £9250 | year 1 |
Ireland | £9250 | year 1 |
EU | £20500 | year 1 |
International | £20500 | year 1 |
Additional fee information
Fees displayed are for 2024-25 entry. Fees may increase for each academic intake and each academic year of study.
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.
How to apply
Application deadline:
January 1, 2025
This is the deadline for applications to be completed and sent for this course. If the university or college still has places available you can apply after this date, but your application is not guaranteed to be considered.
Possible Entry Points:
- year 1 (Default entry point)
- year 2
- year 3
University Rankings
Positions of University of Essex in top UK and global rankings.
Rankings of University of Essex in related subject specific rankings.
Mathematics
-
-
- #9
- #13
-
- Mathematics
-
The Guardian University League Tables by Subject
[Published 09 September, 2023]
-
-
- #31
- #43
-
- Mathematics
-
CUG The Complete University Guide - By Subject
[Published 08 June, 2023]
See all 29 university rankings of University of Essex
About University of Essex
The University of Essex, is a public, research university where curiosity prevails and thinking outside the box isn’t just encouraged, it’s expected. Based in the county of the same name, Essex, the main campus is located in Wivenhoe Park, near Colchester. It is home to the university’s three faculties, Humanities, Science & Health and Social Sciences, as well as a very large community of local rabbits, and other small fauna typical of the English countryside.
List of 921 Bachelor and Master Courses from University of Essex - Course Catalogue
Student composition of University of Essex
-
Total number of students enrolled at University of Essex by level Academic year 2021/22 - Full-time equivalent student enrollments published by Higher Education Statistics Agency (HESA) on February 2022
- undergraduates:
- 12070
- postgraduates:
- 3690
- Total:
- 15760
-
Number of students enrolled in courses of subject “Actuarial Science”: 2665 Academic year 2021/22 - Full-time equivalent student enrollments published by Higher Education Statistics Agency (HESA) on February 2022
Where is this programme taught
Similar courses
Program | University | Student satisfaction | Unemployed | Dropout | Tuition (UK) | Tuition (International) | UCAS Tariff | City | ||
---|---|---|---|---|---|---|---|---|---|---|
Actuarial Science MSc | Swansea University | - | - | - | £5700 | £11350 | - | Swansea | On campus Part-time | |
Actuarial Science MSc | University of Essex | - | - | - | £10000 | £21700 | - | Colchester | On campus Part-time | |
MSci Actuarial Science and Data Science (four-year integrated masters) MSc | University of Essex | - | - | - | £9250 | £20500 | - | Colchester | On campus Full-time | |
Actuarial Science MSc | The University of Manchester | - | - | - | - | - | - | Manchester | On campus Part-time | |
Applied Actuarial Science MSc | University of Kent | - | - | - | - | - | - | Canterbury | On campus Full-time | |
International Master's in Applied Actuarial Science MSc | University of Kent | - | - | - | - | - | - | Canterbury | On campus Full-time | |
Applied Actuarial Science with an Industrial Placement MSc | University of Kent | - | - | - | - | - | - | Canterbury | On campus Full-time | |
Applied Actuarial Science (International Master's) MSc | University of Kent | - | - | - | - | - | - | Canterbury | On campus Full-time | |
Actuarial Science MSc | University of Kent | - | - | - | - | - | - | Canterbury | On campus Full-time | |
Data Science Msci (Hons) | University of Exeter | 83% | 5% | 1% | £9250 | £27000 | 167 | Exeter | On campus Full-time |
Ranking publishers
The University League Tables
- Published:
- 08 June, 2023
The Guardian News and Media Limited
- Published:
- 09 September, 2023