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MSc Actuarial Management
Business Management | Official Course Page
Last updated: October 2026
About this course
MSc Actuarial Management is a masters programme at Heriot-Watt University in Edinburgh, United Kingdom (12 Months, Sep intakes).
Course Details
| Qualification | MSc Actuarial Management |
| Study Level | Masters |
| Programme Duration | 12 Months |
| Starting Intakes | Sep 2027 |
| Tuition Fees (International) | GBP 24,952 per year * |
| Initial Deposit | GBP 1000.00 Balance Deposit - GBP 4000.00 * |
| Application Fee | No Application Fee |
Updated October 2026Source: hw.ac.uk
Cost breakdown
| Item | GBP | approx. INR |
|---|---|---|
| Tuition, 12 Months | £24,952 | ₹31.4 lakh |
| Less scholarship (up to) | −£4,000 | −₹5.0 lakh |
| Living cost, 12 months at £1,171 | £14,052 | ₹17.7 lakh |
| Estimated total | £35,004 | ₹44.1 lakh |
INR approximate. Living cost uses the UK visa figure for the city.
Eligibility & Entry Requirements
| Academic | A minimum of a 2:1 honours degree or non-UK equivalent with substantial actuarial content or non related degree if you have joined profession and sat relevant examinations. Students should have covered much of the syllabus of early Institute and Faculty of Actuaries subjects: CM1, CM2, CS1, CS2, CB1 and CB2. |
| English Language | IELTS 6.5 overall (no band below 6). PTE 68+. TOEFL iBT 85+. Duolingo 125+ |
| English Waiver | Medium of Instruction and 12th English marks 70% |
| Backlogs Accepted | 0 - 30 |
| Application Deadline | ASAP |
Updated October 2026Source: hw.ac.uk
Admissions Process
| Application Route | Direct to University |
| Application Portal | Heriot-Watt University Online Portal |
| Processing Time | Typically ~14 days after submission |
| Conditional Offer | Issued after initial application review (~14 days) |
| Unconditional Offer | Issued after all documents verified (~7 days) |
| CAS / Confirmation Letter | Pay Deposit & Receive CAS Letter (~5 days) |
| Visa Type | Student Visa (Tier 4) — apply ~21 days before travel GOV.UK |
Updated October 2026Source: hw.ac.uk
Scholarships Available for This Course
| Heriot-Watt University International Scholarship | GBP 4000 — International students with strong academic record |
Updated October 2026Source: hw.ac.uk
Cost & ROI Calculator
Course
MSc Actuarial Management
Subject (for salary lookup)
Business & Management
Tuition fee / year
GBP 24,952
Avg Starting Salary
GBP 28,990
UK national average, HESA 2023/24
Estimated Total Cost
GBP 35,004
Tuition − scholarship + living cost
Payback Period
1.2 years
Total cost ÷ starting salary
Frequently Asked Questions
What are the IELTS and entry requirements for Heriot-Watt University?
Most undergraduate and postgraduate taught courses need IELTS 6.0 overall with no score below 5.5 (writing at least 6.0 for non-STEM postgraduate courses). Some programmes ask for more, for example 6.5 for Actuarial programmes and 7.0 for Translating and Interpreting postgraduate programmes. Degree requirements are set course by course, so check the Entry requirements section of your course page. hw.ac.uk
Source: hw.ac.uk
What scholarships are available at Heriot-Watt University?
Scholarships for international students at Heriot-Watt University vary by country, course and intake. Heriot-Watt's International Merit Scholarship varies by region and the published fixed awards cover other countries, so no India figure is stated. Check the official scholarships page for the current offer for your country. hw.ac.uk
Source: hw.ac.uk
How do I apply to Heriot-Watt University?
You can apply directly to Heriot-Watt University through their online application portal. There is no application fee. Once you apply you will receive a conditional offer within 2-3 weeks.