Detailed Program Facts

Application Fee

  Application Fee: CAD 0 FREE

Tuition Fee

 CAD 24,176 per year

*Note: The fee is approximate and is subject to change

Living Cost in Heriot-Watt University - Edinburgh Campus

  CAD 10,224 per year

*Note: The fee is approximate and is subject to change

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.

Funding

Check program website for more information about funding options.

English Test Requirements

• IELTS
  • Minimum Overall Score - 6.5 - 6 - With No Band Less Than
• TOEFL
  • Minimum Overall Score - 85.0  Minimum Listening - 19.0  Minimum Reading - 20.0  Minimum Writing - 21.0  Minimum Speaking - 20.0  
• PTE
  • Minimum Overall Score - 68.0  

• Minimum Level of Education Required: To be accepted into this program, applicants must have a Bachelor’s Degree.

• Minimum CGPA Required: 60.00 %

Additional Information

Career:

• Career prospects and salaries are excellent for graduates of our specialist actuarial science programmes – 93% of recent graduates have secured employment or gone onto further study within six months of graduating. Of those employed, 96% are in professional-level jobs.
• Recent students have gone on to work for industry-leading organisations including Standard Life Aberdeen, Lloyds Banking Group, Deloitte, KPMG, PwC, Prudential, Royal London and many more.

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 organisation with more than 28,000 actuaries as members.

Reputation for excellence:

• Established in 1972, we were the first UK university to introduce a dedicated programme in Actuarial Science, and have since evolved to become highly renowned as a world-leading centre in actuarial and financial teaching and research.

Student Actuarial Society:

• We are very proud of our award-winning Students' Actuarial Society which is entirely managed, enthusiastically and professionally, by our students.  As well as arranging a series of topical presentations by industry professionals, and popular social events, the Society's highly anticipated Annual Actuarial Conference attracts speakers and attendees from around the world.

Our expertise:

• Our expert staff, many of whom are qualified actuaries, will guide and support you throughout your studies.  You will benefit from their extensive business knowledge and research expertise, whilst gaining hands-on experience of solving real-life financial problems through interactive lectures, tutorial sessions and practical coursework. The MSc summer project gives you the opportunity to explore in greater depth the hot topics currently facing business, such as Solvency II and pensions autoenrolment.  Our close links to industry through the Scottish Financial Risk Academy also creates the potential for undertaking a summer placement within Edinburgh's thriving financial sector.

Scholarships

We are pleased to announce that we are offering scholarships on a first-come, first-served basis. Second Round of Scholarship Deadline - 31 March 2025 - Heriot Watt University, UK Campus 

Flexible Payment Option: Students can opt for partial deposit of £1000 before the deadline and reserve their seat and scholarship for the intake, pay balance deposit of £3000 to obtain the CAS

English Language Test Results: Students with ELT conditions are encouraged to share their test details for us to update their records

Please note, these scholarships are strictly on first come first serve basis

Scholarships

We currently have limited scholarships available for September 2025 intake strictly on first come first serve basis:

Please note, the third round of academic scholarship deadline is 15 April 2025. We request you to communicate this information to the prospective students & offer holders who may be interested in the intake.

• This program offers a upto 20% of TF scholarship for the September 2025 intake.
• International Actuarial Impact Award. Scholarship is subjective to Faculty Approval

There are various options through which a student can get a post study work visa in the UK. 
Tier 1 Graduate Entrepreneur Visa for the graduates with a genuine and credible business idea. 
Tier 2 (General) is the leading immigration visa to work in the UK.
Tier 4 Doctorate Extension Scheme is for students who have completed their Ph.D. and is valid for 12 months for them to work, look for work or set up a business. 
Tier 5 Youth Mobility is for individuals of certain countries like Australia, Canada, Japan, Monaco, Hong Kong, South Korea, Taiwan, and New Zealand aged between 18 -30 who wish to move to the UK. 
Tier 5 GAE is for individuals who want to come to the UK for work experience, training, research or a fellowship. 
UK Ancestry is for individuals who are a citizen of a commonwealth and plan to work in the UK and have a grandparent who was born in the UK.