BSc Accounting
The BSc Accounting program at Queen's University Belfast is structured to provide a...
MSc Actuarial Science
Belfast
INTAKE: September
Program Overview
Queen's offers a range of postgraduate programs, including the MSc Actuarial Science. This program is designed to provide students with advanced knowledge and specialized skills in the actuarial profession, preparing them for careers as actuaries in insurance, finance, investment, risk management, and related fields. It is often designed to provide exemptions from some of the professional actuarial examinations.
Curriculum: The MSc Actuarial Science curriculum at Queen's is structured to provide a comprehensive and in-depth exploration of the key mathematical, statistical, financial, and economic concepts, methodologies, and professional practices relevant to actuarial science. Students delve into topics such as actuarial mathematics, statistical modeling, financial mathematics, risk management, investment management, life contingencies, general insurance, and professional ethics. The program emphasizes the development of analytical thinking, problem-solving skills, and the ability to apply actuarial techniques to real-world business problems. It often includes opportunities to use specialized actuarial software and data analysis tools.
Research Focus: Queen's is renowned for its world-leading research across a wide range of disciplines, including mathematics, statistics, and finance, all of which are relevant to actuarial science. Research strengths in areas related to actuarial science might include areas such as financial modeling, risk management, stochastic processes, time series analysis, and longevity risk. The university fosters interdisciplinary collaboration, enabling researchers to explore the intersection of actuarial science with other fields such as finance, economics, and computer science.
Industry Engagement: Queen's recognizes the importance of practical experience and connections with the actuarial profession for students in actuarial science. The MSc program often includes opportunities for students to engage with insurance companies, consulting firms, investment firms, and other organizations employing actuaries through internships, placements, collaborative projects, and networking events. These connections can be invaluable for career development and provide students with insights into real-world actuarial practice. The program's curriculum is often designed in consultation with industry to ensure relevance.
Global Perspective: Queen's cultivates a global outlook through its diverse student body and international partnerships. The MSc Actuarial Science program often incorporates international perspectives on actuarial practices, regulatory frameworks, and global financial markets. The program may include case studies from different countries, explore international actuarial standards, and offer opportunities for engagement with international actuarial organizations or companies. This global perspective is crucial in the actuarial profession, which operates in a globalized financial environment.
Location
Belfast
Score
IELTS 6.5
Tuition Fee
£ 25800
Postgraduate Entry Requirements:
- Applicants should have successfully completed a bachelor's degree or its equivalent from a recognized institution with a minimum overall score of 60% or equivalent.
- English language proficiency is required, and applicants must provide evidence of their English language skills through an approved language test.
- IELTS: A minimum overall score of 6.5 with no individual component below 6.0.
- TOEFL: A minimum overall score of 90, with at least 20 in Listening, 19 in Reading, 20 in Speaking, and 21 in Writing.
- PTE Academic: A minimum overall score of 62 with no individual score below 51.
- Some postgraduate programs may have specific subject prerequisites or additional requirements.
Students must provide:
- academic marksheets & transcripts
- letters of recommendation
- a personal statement - SOP
- passport
- other supporting documents as required by the university.
Work experience: Some postgraduate courses may require relevant work experience in the field.
It is important to note that meeting the minimum entry requirements does not guarantee admission, as the university considers factors such as availability of places and competition for the program. Additionally, some courses may have higher entry requirements or additional selection criteria, such as interviews or portfolio submissions.
Queens University Belfast offers a range of scholarships and funding opportunities to support students in their academic pursuits. These scholarships recognize academic excellence, diversity, and financial need.
Queens Loyalty Scholarship: The Queen's Loyalty Scholarship is available for Queen's University Belfast graduates who pursue a postgraduate program at the university. It offers a 20% tuition fee reduction for eligible students.
Queens University Belfast International Scholarships: The university provides a range of scholarships specifically for international students. These scholarships vary in terms of eligibility criteria, funding amount, and application requirements. Examples include the International Office Undergraduate Scholarship, International Office Postgraduate Taught Scholarship, and International Office Postgraduate Research Scholarships.
Vice-Chancellors International Attainment Scholarship: The Vice-Chancellor's International Attainment Scholarship is aimed at international students with exceptional academic performance. It provides a significant reduction in tuition fees for undergraduate and postgraduate programs.
Country-Specific Scholarships: Queens University Belfast offers scholarships that are specific to certain countries or regions. These scholarships are designed to attract talented students from these areas and promote diversity within the university community.
Research Council Funding:For postgraduate research students, there are opportunities to secure funding through research council scholarships. These scholarships are competitive and cover tuition fees and provide a stipend for living expenses.
Sports Scholarships: Queens University Belfast also offers sports scholarships for students who excel in sports. These scholarships provide financial support, training facilities, and other benefits to help athletes balance their sporting commitments with their studies.
It is important to note that scholarship availability, eligibility criteria, and application processes may vary each year.
Graduates of the MSc Actuarial Science program from Queen's University Belfast are well-positioned to pursue rewarding careers in various sectors.
Insurance Companies: Graduates can work as actuaries in insurance companies, assessing risks, determining premium rates, and managing financial uncertainties.
Consulting Firms: Graduates may join consulting firms, providing expert advice on risk management, investment strategies, and financial planning.
Pension Funds: Graduates can contribute to pension fund management, ensuring the financial security of retirees through accurate calculations and projections.
Investment Banking: Graduates with strong quantitative skills can excel in investment banking roles, analyzing financial data and optimizing investment portfolios.
Government Agencies: Graduates may work for government agencies, assisting in policy decisions related to social security, healthcare, and public finance.
Academic and Research Roles: Graduates with a passion for research can pursue academic positions or engage in further research to contribute to the field's advancement.
