Top Universities Offering Masters in Actuarial Science and Fees

Students often ask, “Where to study Actuarial Science in UK?”. Some of the top university offering Masters in UK in Actuarial Science along with course fees are given below:

University Name	Course Fee
University of Southampton	GBP 24,200 (INR 24,53,391)
University of Strathclyde	GBP 24,850 (INR 25,19,288)
University of Essex	GBP 21,700 (INR 21,99,941)
University of Kent	GBP 23,900 (INR 24,22,977)
Heriot Watt University	GBP 27,200 (INR 27,57,530)
University of Leicester	GBP 23,650 (INR 23,97,632)
Swansea University	GBP 24,750 (INR 25,09,150)
City, University of London	GBP 23,500 (INR 23,82,425)

Note: GBP 1= INR 101.38, as on 16th October, 2023

Masters in Actuarial Science in the UK Admission Process

The entire admission procedure for a Masters in Actuarial Science in the best universities in UK for international students is as follows:

• Visit the University website
• Check the entry requirements and application deadline.
• Upload the mentioned documents keeping the specifications in mind.
• Complete the online application and submit the requisite application fees
• Confirm the letter of acceptance and pay the tuition fees to reserve your seat.
• Once the seat is confirmed by the University, proceed with UK student visa application.

Eligibility Criteria for Masters in Actuarial Science UK

Actuarial Science UK eligibility criteria is given below:

• 2:1 in courses such as Math, Statistics, Economics, or other relevant programs
• ELP score card: IELTS TRF or other ELP score card
• Other score such as GRE score or GMAT score (if required)

Documents Required for Admission to Masters in Actuarial Science in UK

Students should submit the below-listed documents for MSc Actuarial Science in UK:

• SOP for UK
• CV/Resume
• Academic history, detailed grades (transcripts)
• ELP score report: PTE score card or IELTS TRF or other exams scorecard
• LOR for UK
• Copy of Passport

Masters in Actuarial Science in the UK Application Fee

An aspiring applicant must keep a eye on the application deadlines for their desired intake and apply early enough so as not to miss the application window. Applying for UK universities without application fee for international students is possible. Masters in Actuarial Science in the UK application fee for top universities is tabulated below:

Actuarial Science Universities in UK	Application Fee
University of Southampton	GBP 50 (INR 5,068)
University of Strathclyde	No application fee
University of Essex	No application fee
University of Kent	No application fee
Heriot Watt University	No application fee
University of Leicester	No application fee is required
Swansea University	No application fee
City, University of London	No application fee

Note: GBP 1= INR 101.38, as on 16th October, 2023

Masters in Actuarial Science in UK Application Deadline

The application deadlines for the top university offering MSc in Actuarial Science in UK:

University Name	Application Deadline
University of Southampton	3 July 2024
University of Strathclyde	No formal closing date / Rolling basis
University of Essex	27 October 2023
University of Kent	31 July 2023
Heriot Watt University	1 August 2023
University of Leicester	26 July 2024
Swansea University	31 October 2023
City, University of London	Application closed for 2023 entry

Masters in Actuarial Science in UK Admission Requirements

An applicant must ensure that he/she satisfy all the minimum eligibility criteria of the university before applying for desired program in Actuarial Science. The admission requirements for the top Masters in Actuarial Science programs in UK universities are as follows:

University Name	Standardized Test Score	ELP Requirements
University of Southampton	GRE/GMAT Score not required	IELTS: 6.5
University of Strathclyde	GRE/GMAT Score not required	IELTS score of 6.0
University of Essex	GRE/GMAT Score not required	IELTS: 6
University of Kent	GRE/GMAT Score not required	IELTS: 6 PTE: 50 TOEFL: 85
Heriot Watt University	GRE/GMAT Score not required	IELTS: 6.5 TOEFL: 79 +
University of Leicester	GRE/GMAT Score not required	IELTS: 6
Swansea University	GRE/GMAT Score not required	IELTS: 6
City, University of London	GMAT: 600 (Optional)	IELTS Academic: 7 PTE: 69

Cost of Living in UK

The annual cost of living in UK for candidates studying at the below listed Actuarial Science universities is given below:

University Name	Annual Cost of Living
University of Southampton	GBP 25,272 (INR 25,62,070)
University of Strathclyde	GBP 13,232 (INR 13,41,457)
University of Essex	GBP 13,106 (INR 13,28,683)
University of Kent	GBP 15,236 (INR 15,44,622) to GBP 32,604 (INR 33,05,387)
Heriot Watt University	GBP 12,000 (INR 12,16,557) to GBP 14,448 (INR 14,64,735)
University of Leicester	GBP 9,129 (INR 9,25,496)
Swansea University	GBP 9,207 (INR 9,33,403)
City, University of London	GBP 11,160 (INR 11,31,398) to 26,640 (INR 27,00,757)

Note: GBP 1= INR 101.38, as on 16th October, 2023

Scholarships for Masters in Actuarial Science

Universities providing Masters in Actuarial Science in UK offer scholarships to students. Some of the best UK scholarships for Indian students along with eligibility criteria and award amount are tabulated below:

University Name	Scholarship Name	Eligibility Criteria	Award Amount
University of Southampton	Alumni Postgraduate Discount	To alumni of University of Southampton	10% off on tuition fee
University of Strathclyde	The Lady Eileen McDonald EU & International Student Fund	Candidates facing financial hardship	GBP 300 (INR 30,413) to GBP 500 (INR 50,689)
University of Essex	Academic Excellence International Masters Scholarship	In Tier 1 College, candidate have secured 55% or CGPA 6/10 OR CGPA 2.4/4 in UG	GBP 4,000 (INR 4,05,519)
University of Kent	Alumni Excellence Master's Scholarship	Candidate’s who have pursued UG in University of Kent, and have received upper second class in UG.	GBP 4,500 (INR 4,56,209)
Heriot-Watt University	Alumni Discount Scheme	Students who have pursued UG from Heriot-Watt University and are enrolling for postgraduate taught course at Heriot-Watt University.	20% off on tuition fee
University of Leicester	Chevening Scholarship	Completed all components of undergraduate degree that allows one to pursue a full-time (one-year) post-graduate program at a UK university, having two years of work experience, who agree to return to their country of citizenship for at least two years after their scholarship has ended, Candidates from specific country	This scholarship covers all the living expenses (including flight expenses) and course fees of the student allowing the individual to focus solely on academics.
Swansea University	International Excellence Scholarships (South Asia)	Academic excellence	GBP 4,000 (INR 4,05,519)
City, University of London	The Iain Allan Bursary	Academic excellence, Candidate should be Indian resident, Pursuing MSc in Actuarial Science	GBP 5,000 (INR 5,06,899)

Note: GBP 1= INR 101.38, as on 16th October, 2023

Jobs after Masters in Actuarial Science in the UK

International candidates get jobs in UK after Actuarial Science in the UK course. Actuarial Science salary in UK for different job profile is tabulated below:

Job Profile	Average Annual Salary
Actuary	GBP 54,684 (INR 55,43,852)
Actuarial Analyst	GBP 37,382 (INR 37,89,779)
Client Service Executive	GBP 22,882 (INR 23,19,772)
Finance Manager	GBP 50,952 (INR 51,65,503)
Pricing Analyst	GBP 33,091 (INR 33,54,758)
Research Analyst	GBP 35,667 (INR 36,15,913)
Risk Analyst	GBP 45,969 (INR 46,60,328)

Note: GBP 1= INR 101.38, as on 16th October, 2023

Top Recruiters for Masters in Actuarial Science in the UK

Best student cities in UK for international students provide internship, part-time and job opportunities. The top recruiters after Masters in Actuarial Science in UK are given below:

• Seek Data Services
• Harnham
• Qualiteach Ltd
• Medialab Group
• NatWest Group
• CLOVE Marketing Agency
• e-Careers
• SALOM Transporters
• EDEX
• Reeson Education
• Peregrine

Work Permit in the UK

A student having completed a Masters in Actuarial Science UK, can apply for a Graduate Visa (i.e, a post-study work permit) via the graduate route. The post-study work permit would enable them to stay back in the UK for upto two years and gain work experience.

ROI of Top Colleges for Masters in Actuarial Science in the UK

One of the reasons to study in UK for international students is the high ROI. The ROI of the top colleges for Masters in Actuarial Science in UK is given below:

University Name	Tuition Fee	Cost of Living	Total Expense	Average Annual Salary	ROI
University of Southampton	GBP 24,200 (INR 24,53,391)	GBP 25,272 (INR 25,62,070)	GBP 49,472 (INR 50,15,461)	GBP 45,000 (INR 45,62,091)	90%
University of Strathclyde	GBP 24,850 (INR 25,19,288)	GBP 13,232 (INR 13,41,457)	GBP 38,082 (INR 38,60,745)		118%
University of Essex	GBP 21,700 (INR 21,99,941)	GBP 13,106 (INR 13,28,683)	GBP 34,806 (INR 35,28,625)		129%
University of Kent	GBP 23,900 (INR 24,22,977)	GBP 15,236 (INR 15,44,622)	GBP 39,136 (INR 39,67,599)		114%
Heriot-Watt University	GBP 27,200 (INR 27,57,530)	GBP 12,000 (INR 12,16,557) to GBP 14,448 (INR 14,64,735)	GBP 39,000 (INR 39,53,812) to GBP 41,648 (INR 42,22,265)		108-115%
University of Leicester	GBP 23,650 (INR 23,97,632)	GBP 9,129 (INR 9,25,496)	GBP 32,779 (INR 33,23,128)		137%
Swansea University	GBP 24,750 (INR 25,09,150)	GBP 9,207 (INR 9,33,403)	GBP 33,957 (INR 34,42,553)		132%
City, University of London	GBP 23,500 (INR 23,82,425)	GBP 11,160 (INR 11,31,398) to 26,640 (INR 27,00,757)	GBP 34,660 (INR 35,13,823) to GBP 49,740 (INR 50,42,631)		90-129%

Note: GBP 1= INR 101.38, as on 16th October, 2023

Candidates with question, “Where to study actuarial science in UK?”, can check the above-mentioned colleges. Average actuarial science salary in UK is GBP 45,000 (INR 45,62,091).

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