MSc/PGDip Actuarial Science (by distance learning)

Programme Objectives and Outline

• To provide you with detailed and specialised knowledge and a critical understanding of best practice within the field of actuarial science.

Mode of Delivery: Distance Learning
Course duration: PgDip 2 years; MSc 3 years
Start Dates: 19th October 2015; 09th May 2016 
Application Deadline: 01st May 2016; 11th October 2015
Entry Requirements: 2.1 Science degree (Maths,Physics, Engineering)

Fees 2014/5 (May 2016 intake): £10,800 PG Diploma, £13,500 MSc

Fees 2015/16 (Oct 2015 intake): £10,800 PG Diploma, £13,500 MSc

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• To enable you to apply your newly gained knowledge and skills into your workplace.

• To develop your independent learning skills and your transferable skills

• To help to extend and develop your career plan and pursue your own professional development.

• To provide you with a fully accredited qualification which provides exemptions from the professions current Core Technical (CT) 1-8 examinations.

• To provide you with a structured programme of study covering all CT1-8 content.

The course offers trainee actuaries, recent graduates looking to enter the industry and those looking for a career change, a head start within this rewarding career. The Postgraduate Diploma course is studied by distance learning and takes two years to complete consisting of eight compulsory modules. To obtain the Masters degree up to a further 12 months of study can be undertaken to complete a dissertation.

Why Actuarial Science?

Course Structure and Assessment

The MSc programme is studied over three years. The course consists of eight core modules, all of which must be successfully completed to qualify for the Postgraduate Diploma in Actuarial Science. To progress to the MSc degree the dissertation/project must also be successfully completed.

Each year is split into two teaching sessions, each lasting approximately 22 weeks during which time you’ll study two modules concurrently, completing four modules a year. At the end of each pair of modules you will be assessed by a final written examination before progressing into the next teaching session. For some modules there is also an assessed mini project to be completed. Successful completion of four modules will allow progression to year two of your studies.

You will have approximately 12 months to complete your dissertation of between 15,000 and 20,000 words. Upon passing the dissertation, you will be awarded the MSc degree.

Course Modules

The course covers the current CT examination syllabus set by the Faculty and Institute of Actuaries and a small amount of additional financial mathematics that will better prepare you for some of the later professional examinations. The compulsory modules  are listed below and descriptions provided.

The table below provides the route of study you will follow depending on when you join the course. Progression into subsequent years will be dependant on completing all the modules for the year.

YEAR ONE: teaching session one

Statistics (CT3)

Business Economics (CT7)

Financial Mathematics (CT1)

Finance and Financial Reporting (CT2)

YEAR ONE: teaching session two

Financial Mathematics (CT1)

Models & Mortality (CT4)

Statistics (CT3)

Models & Mortality(CT4)




YEAR TWO: teaching session three

Finance and Financial Reporting (CT2)

Financial Economics (CT8)

Contingencies (CT5)

Statistical Methods (CT6)

YEAR TWO: teaching session four

Contingencies (CT5)

Statistical Methods (CT6)

Business Economics (CT7)

Financial Economics (CT8)


YEAR THREE Dissertation Dissertation MSc

*The Postgraduate Certificate will only be awarded if you decide to exit the course after successfully completing the first 4 modules. However, please note that no exemptions from the Faculty and Institute’s CT examinations will be granted.

Next Step: find out more about your learning experience

Course brochure

Actuarial science brochure

Contact details - actuary

Tel.: +44 (0)116 252 2612


Department of Mathematics
University of Leicester
University Road
Leicester LE1 7RH
United Kingdom