PostGraduate Course

MSc

Actuarial Science

Course Code
Zone
Attendance
Full time

Course Summary

The MSc Actuarial Science is a full-time postgraduate programme aimed primarily at students with quantitative undergraduate degrees from the disciplines of maths, statistics, finance or any other programme with a high degree of mathematical content.

College Link

College Link > - Actuarial Science

Colleges often have information about the course on their own website, along with other useful information relating to the college. (Note: Not always available)

Career Sectors

This course prepares you for working in the Career Sectors below. Follow the links to get a fuller understanding of the sectors you are preparing for.

Entry Requirements

Entrance requirements
Graduate
Normally a strong 2.2 Honours degree (minimum 55%) or equivalent qualification acceptable to the University in a mathematically rigorous discipline such as Mathematics, Statistics, Actuarial Science, Physics, Engineering, Computer Science, or a highly quantitative undergraduate degree such as Economics or Finance.

This MSc assumes prior undergraduate-level mathematical training. Applicants must demonstrate strong performance (normally at 2:1 standard or above) in mathematically rigorous modules such as calculus, linear algebra, differential equations, probability, and mathematical statistics.

International Students
Our country/region pages include information on entry requirements, tuition fees, scholarships, student profiles, upcoming events and contacts for your country/region at https://www.qub.ac.uk/Study/international-students/your-country/

English Language Requirements
Evidence of an IELTS* score of 7.0, with not less than 6.0 in any component, or an equivalent qualification acceptable to the University is required (*taken within the last 2 years).

International students wishing to apply to Queen's University Belfast (and for whom English is not their first language), must be able to demonstrate their proficiency in English in order to benefit fully from their course of study or research. Non-EEA nationals must also satisfy UK Visas and Immigration (UKVI) immigration requirements for English language for visa purposes.

For more information on English Language requirements for EEA and non-EEA nationals see: www.qub.ac.uk/EnglishLanguageReqs.

If you need to improve your English language skills before you enter this degree programme, Queen's University Belfast International Study Centre offers a range of English language courses. These intensive and flexible courses are designed to improve your English ability for admission to this degree.

Academic English: an intensive English language and study skills course for successful university study at degree level

Pre-sessional English: a short intensive academic English course for students starting a degree programme at Queen's University Belfast and who need to improve their English.

Application Details

Applicants are advised to apply as early as possible and ideally no later than 14th August 2026 for courses which commence in late September. In the event that any programme receives a high number of applications, the University reserves the right to close the application portal prior to the deadline stated on course finder. Notifications to this effect will appear on the application portal against the programme application page.

Please note: international applicants will be required to pay a deposit to secure a place on this course.

Entry Year: Academic Year 2026/27

Fees

Applicants are advised to apply as early as possible and ideally no later than 11th August 2023 for courses which commence in late September. In the event that any programme receives a high number of applications, the University reserves the right to close the application portal. Notifications to this effect will appear on the Direct Application Portal against the programme application page.

Please note: international applicants will be required to pay a deposit to secure a place on this course.

How to Apply
Applications should be submitted online via the Postgraduate Applications Portal for admission to the vast majority of postgraduate programmes.

New applicants will need to register via the Portal to create an application account. If you are already a Queen’s student with an active Qsis account, you can log in using your student number and Qsis password. Guidance on how to complete an application is provided within the Portal and it is possible to save application data and return to complete it at a later date, if you wish. After core details about yourself and your academic background have been provided, you can submit an application, or multiple applications, if required.

If you applied in a previous cycle through the Portal and are re-applying, you should use your previous log in details. Please review and update your personal and contact details, academic and professional qualifications before submitting a new application.

Important – please ensure that the email address you provide is correct and active, as this will be used by us to communicate the progress of your application to you.

The Student

Career Interests

This course is typically suited for people with the following Career Interests. If these interests do not describe you, this course may prepare you for work you may not find satisfying.

Administrative

Administrative people are interested in work that offers security and a sense of being part of a larger process. They may be at their most productive under supervisors who give clear guidelines and while performing routine tasks in a methodical and reliable way.

They tend to enjoy clerical and most forms of office work, where they perform essential administrative duties. They often form the backbone of large and small organisations alike. They may enjoy being in charge of office filing systems, and using computers and other office equipment to keep things running smoothly. They usually like routine work hours and prefer comfortable indoor workplaces.


Investigative

The Investigative person will usually find a particular area of science to be of interest. They are inclined toward intellectual and analytical activities and enjoy observation and theory. They may prefer thought to action, and enjoy the challenge of solving problems with sophiscticated technology. These types prefer mentally stimulating environments and often pay close attention to developments in their chosen field.


Enterprising

Enterprising people like situations that involve using resources for personal or corporate economic gain. Such people may have an opportunistic frame of mind, and are drawn to commerce, trade and making deals. Some pursue sales and marketing occupations. Many will eventually end up owning their own business, or in management roles in larger organisations. They tend to be very goal-oriented and work best when focused on a target. Some have an entrepreneurial inclination.

Career Progression

Career Prospects
Employment after the Course
Actuaries are constantly in demand and their skills are continually included in highly skilled occupation listings and for skills in demand listings. The Bureau of Labour Statistics project that employment of actuaries is expected to increase by 20% between 2018 and 2028.

Actuaries primarily work in insurance and financial services, which are heavily regulated and require a number of statutory disclosures. Graduates from the Actuarial Science programme obtain employment across the world, but particularly in Dublin and London. Dublin has seen an influx of financial services companies either entering the market for the first time or increasing their footprint in Ireland, as a result of the United Kingdom’s withdrawal from the European Union. Another primary driver for the demand for actuaries has been changes in legislation. A recent example is the implementation of Solvency II for the insurance industry, which caused a spike in the demand for actuaries and enabled actuaries to develop new transferable skills. Furthermore, the International Accounting Standards Board has published the new accounting standard for insurance contracts, IFRS 17. This standard was implemented in 2023 and there is a healthy demand for actuaries to help insurance companies embed the standard.

Finally, with the growth in data science and Insurtech, new, more technology based opportunities are available for actuaries. Rather than automation being a threat for actuaries, these new tools will enable actuaries to help their clients make better decisions, which contribute to the positive outlook for actuaries in the long term.

Duration

1 year full-time

College Profile

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