If you want to start your career with a year's work experience in hand, then you should consider this programme. It combines the rigorous studies of the BSc (Hons) Actuarial Science with a year-long work placement in level 4. Good performance means exemptions from professional examinations (CT1 - CT8) as well as 12 months' experience of working in an organisation such as a life insurance company, a pension consultancy, an investment management firm or a bank. The Diploma in Industrial Training is gained through successful completion of this work placement. The work placement helps you to develop specific work-related skills, giving you the opportunity to apply and build upon the theory you learn in your studies. It allows you to take on real responsibilities, enhance your interpersonal skills through teamwork and communication and experience workplace culture.
The Diploma is available to all students, including those from overseas, as it does not require a work visa. If you are planning to come to the UK using a student visa you should check the Tier 4 Student Visa Policy Guidance to confirm you are permitted to undertake a work placement as part of your studies. It is your responsibility to find a suitable work placement; acceptance onto the programme does not guarantee you a placement. If you are registered on the programme and are unable to find a suitable work placement before the end of level 3 then you can transfer to the standard BSc (Hons) Actuarial Science degree.
Teaching excellence and student satisfaction
93% of our 2017 graduates reported in the National Student Survey that they were satisfied overall with their course.
Accredited by the Institute and Faculty of Actuaries for the purpose of exemption from some professional examinations.Heriot-Watt CourseInstitute and Faculty (IFoA) Exam PassedWaiver from Society of Actuaries ExamF78AA Actuarial and Financial Mathematics A
F78AB Actuarial and Financial Mathematics BCT1Exam FMC37FF Finance and Financial ReportingCT2VEE Corporate FinanceF78PA Probability and Statistics A
F78PB Probability and Statistics BCT3Exam PC27OA Introductory EconomicsCT7VEE EconomicsF79SP Stochastic Processes &
F79SU Survival Models
F70LA Life Insurance Mathematics A
F70LB Life Insurance Mathematics BCT4 and CT5Exam MLC-Life ContingenciesF70RT Risk Theory
F70TS Time SeriesCT6Exam C and VEE Applied StatisticsF79PA Portfolio Theory
F79DF Derivative Markets
F70CF Continuous-time FinanceCT8Exam MFE-Financial Economics
Center of Actuarial Excellence
Heriot-Watt University is recognised as a Center of Actuarial Excellence by the Society of Actuaries (SOA), North America. We are the only Center of Actuarial Excellence in Europe and one of only 30 other schools worldwide with this designation. With roots dating back to 1889, the Society of Actuaries (SOA) is the world's largest actuarial professional organization with more than 28,000 actuaries as members.
PwC Actuarial Flying Start programme
The opportunity of a lifetime! The PwC Actuarial Flying Start programme offers, uniquely to Heriot-Watt University's Actuarial Science students, two six-month, paid, PwC work placements during Years Three and Five. It's the perfect way to gain valuable industry experience during your time at university. As an Actuarial Science student at Heriot-Watt University, you will have the opportunity to apply for this programme in Year Two. If successful, you'll join PwC's actuarial team in London and work directly with their clients - helping them plan for uncertainty as well as identifying, quantifying and managing their risks. They are known for the outstanding training they provide to graduates and if you do well, you could also get a job offer for when you graduate. Don't miss out!
Work and study
This is what our BSc (Hons) Actuarial Science and Diploma in Industrial Training students are doing six months after graduating:
- 62% are working
- 20% are studying
- 8% are working and studying.
- 80% of those working are in a professional/managerial position six months after graduating.
- The average salary of students six months after graduating: £26000
- The average UK salary of students six months after graduating from a similar course: £23000
These are the most common jobs students go into six months after graduating:
- Business, research and administrative professionals
- Business and public service associate professionals
- Information technology and telecommunications professionals
- Sales occupations
- Elementary occupations
- Skilled trades occupations
- Teaching and educational professionals
- Science, engineering and technology associate professionals