This Masters degree in actuarial science has been developed to produce actuarial science graduates who can clearly demonstrate an understanding of the mathematical models used in actuarial calculations, their computer implementations, and the financial and economic contexts of these calculations. The programme is an innovative cross-faculty alliance between the Strathclyde Business School and the Faculty of Science. The course has been designed so that students who have a strong aptitude for mathematics and statistics, but who have not studied these topics in detail in their first degree, can learn the necessary skills to move into the financial industry. So the first semester provides foundation classes in statistics, mathematics, finance and economics that require no previous background in these topics. This one year programme has been developed to fully prepare students for careers within the actuarial profession and also in banking and finance including risk management, and highly quantitative and data facing roles particularly in the financial services industry. You’ll gain: a good understanding of actuarial theory and analysis an appreciation of the nature and functioning of financial markets and institutions a practical understanding of numerical methods in actuarial science a good understanding of the relevant economic theory As well as actuarial roles, this Master’s degree could also open up opportunities for the following job titles: Risk Manager Financial Analyst Financial Engineer Quantitative Strategist Quantitative Research Analyst Quantitative Equity Analyst Statistical Arbitrage Portfolio Manager Financial Systems Developer

A career as an actuary is named one of the safest careers there is by a CareerCast report in 2016. The increasing accessibility of healthcare and changes to insurance regulation are driving high demand for actuaries and, once qualified, actuaries are able to work anywhere in the world. Graduates of this course wishing to pursue a career as an actuary will typically work at an insurance company or at a consultancy. Most graduates enter the profession by joining a company as an actuarial trainee or risk analyst at the same time as studying for professional exams. This course is in the process of seeking accreditation from the associated professional body the Institute and Faculty of Actuaries (IFoA). Most trainees begin their careers in the financial services industry, particularly in the traditional employment areas of insurance and pensions. Actuaries typically work in these areas: banking corporate finance investment management life, healthcare and general insurance pensions