Actuarial Science Swansea University

Overview

The MSc in Actuarial Science at Swansea University is a postgraduate taught degree that equips you with advanced mathematical, statistical and financial modelling skills used to assess and manage risk in insurance, pensions, finance and related industries. You’ll study core areas such as stochastic processes, financial mathematics, probability and statistics, actuarial modelling and risk theory, and learn how to apply quantitative methods to real-world problems involving uncertainty and financial decision-making. The programme also emphasises professional skills and industry-relevant tools, helping prepare you for actuarial careers and progression toward professional actuarial exams.

Why Actuarial Science at Swansea University?

Swansea University ranks within the top 201-250 globally for Mathematics according to the QS World University Rankings 2025. The university boasts world-class facilities dedicated to mathematical and computational sciences, ensuring students have access to cutting-edge resources. Furthermore, the Research Excellence Framework (REF) 2021 indicates that 100% of the university's publications are recognised as world-leading or internationally excellent, highlighting the institution's commitment to high-quality research and education. The MSc in Actuarial Science is meticulously designed to provide graduates from numerate backgrounds with a robust foundation in the mathematical and statistical theories essential for becoming a qualified actuary. This programme is accredited by the Institute and Faculty of Actuaries (IFoA), allowing successful graduates to gain exemptions from up to three professional examinations, significantly enhancing their employability in the competitive actuarial field.

Tuition Fee Breakdown

The tuition fees for the MSc in Actuarial Science at Swansea University are as follows:

• UK Students: £12,500 per year
• International Students: £27,300 per year

Visit the Fees and Funding section for a breakdown in your local currency.

Syllabus

The programme consists of a comprehensive curriculum designed to equip students with the necessary skills and knowledge. Students will undertake a variety of modules, including:

• Actuarial Science Masters Dissertation
• Cashflows and Interest Rates
• Probability and Statistics for Finance
• Markov Processes and Applications
• Machine Learning
• Assurance and Annuity
• Risk and Survival Models

Additionally, students must select optional modules totalling 30 credits from a range of subjects, further tailoring their educational experience to their interests.

Careers with Actuarial Science

Graduates of the MSc in Actuarial Science from Swansea University are well-prepared for careers in various sectors, including insurance, risk management, and finance. The programme’s structure, combined with the exemptions from IFoA professional exams, provides a competitive edge in the job market. Alumni have successfully secured positions in financial modelling and statistical interpretation, often progressing to influential roles within their organisations. The university’s Careers and Employability Team offers ongoing support to help students navigate their career paths and achieve their professional goals.