MSc Actuarial Science

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 91, with at least 20 in Listening, Reading, Speaking, and Writing.
  • PTE Academic: A minimum overall score of 64 with no individual score below 58.
• 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.

Postgraduate Scholarships:

1. Heriot-Watt Postgraduate Merit Scholarships: These scholarships are awarded to students with a strong academic background who are enrolling in a postgraduate program at the university.
2. Heriot-Watt Global Scholarships: These scholarships are open to international students and are based on academic merit and potential contribution to the university community.
3. Heriot-Watt Alumni Scholarships: These scholarships are available to Heriot-Watt graduates who are pursuing further studies at the postgraduate level.
4. Research Scholarships:Heriot-Watt University provides research scholarships for students interested in pursuing doctoral or research-focused programs. These scholarships are often linked to specific research projects and are awarded based on academic excellence and research potential.

It is important to note that the availability, eligibility criteria, and application deadlines for scholarships may vary each year.Heriot-Watt University offers a range of scholarships to support undergraduate and postgraduate students in their academic journeys. These scholarships recognize excellence, support diversity, and assist students with financial need. Prospective students are encouraged to explore the various scholarship opportunities offered by Heriot-Watt University and apply according to the specific eligibility criteria and application deadlines.

Graduates of the MSc Actuarial Science program from Heriot-Watt University have excellent career prospects in various industries.

1. Insurance: Graduates can work as actuaries in insurance companies, assessing and managing risks associated with policies, investments, and claims.

2. Pensions and Retirement Planning: Actuaries play a crucial role in designing and managing pension schemes, ensuring financial stability for individuals and organizations.

3. Consulting Firms: Graduates can join consulting firms, offering expert advice on risk management, financial planning, and strategic decision-making.

4. Financial Institutions: Actuaries are in demand in banks and other financial institutions, where they analyze and mitigate financial risks.

5. Government and Regulatory Bodies: Actuaries work with government agencies and regulatory bodies to evaluate the financial implications of policies and regulations.