University of Essex
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.

The NSS is commissioned by the Office for Students

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


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

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.

Current jobs

Required skill level of job after 15 months

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

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
Get advice on which foundation courses are best for you to still study MSci Actuarial Science and Data Science (four-year integrated masters), MSc, if you do not meet the minimum requirements in terms of UCAS score, A levels, or English language requirements.

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

undergraduates:
12070
postgraduates:
3690
Total:
15760
  • Life at The Towers - University of Essex Accommodation Colchester Campus
  • MA Jungian and Post-Jungian Studies at the University of Essex
  • Interview with Shaun Barbour, Top Undergraduate Law Graduate 2019 | University of Essex Online
  • Let’s Speak to our Modern Languages Graduates at the University of Essex
  • Why Study at Essex Business School in Southend?

Where is this programme taught

Colchester Campus
map marker Show on map

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