Master of Science [M.Sc] (Finance, Investment and Risk)
$26,400 /Yr
The PhD in Actuarial Science offers the opportunity to begin or consolidate your research career under the guidance of internationally renowned researchers and professionals in the School of Mathematics, Statistics and Actuarial Science (SMSAS).
This research programme, which can be taken three to four years full-time or five to six years part-time, offers the opportunity to work in highly topical areas such financial modelling and estimation, quantification of diversification benefits, quantifying financial risks, and derivatives pricing. Applications for PhD research in these and other areas will be welcomed.
There's an active seminar programme involving a wide range of speakers and members of the PhD community regularly attend/present their work at leading conferences and institutes.
Before applying for this course, it is strongly recommended that you contact the School of Mathematics, Statistics and Actuarial Science in the first instance to discuss your study plans with the programme director.
About the School of Mathematics, Statistics and Actuarial Science (SMSAS)
The School has a strong reputation for world-class research and a well-established system of support and training, with a high level of contact between staff and research students. Postgraduate students develop analytical, communication and research skills.
In 2010 the Centre for Actuarial Science, Risk and Investment (CASRI) was set up within SMSAS to reflect the widening scope of the teaching and research of the staff. Areas of research interest include economic capital and risk management for financial services firms, mortality and longevity modelling, longevity indices and markets. Other research topics include genetics and insurance, insurance economics, pensions and corporate reporting.
The Centre includes 13 professionally qualified actuaries with many yearsÕ practical experience in insurance and pensions, and who maintain excellent links with the actuarial profession.
National ratings
In the Research Excellence Framework (REF) 2014, research by the School of Mathematics, Statistics and Actuarial Science was ranked 25th in the UK for research power and 100% or our research was judged to be of international quality.
An impressive 92% of our research-active staff submitted to the REF and the SchoolÕs environment was judged to be conducive to supporting the development of world-leading research.
Important Alert
- Application Deadline For January 2026 Intake - Dec 8, 2025
Tuition Fees
| Year | 1st Year Fees |
|---|---|
| Tuition Fees | $26400 (GBP 20000) |
Other Expenses
| Head | Avg Cost Per Year |
|---|---|
| Books and supply | $1584 (GBP 1200) |
| Total Cost | $1584 (GBP 1200) |
Previous Year Tuition Fees
| Year | 1st Year Fees |
|---|---|
| 2023 | $25476 (GBP 19300) |
Important Dates
| Event | Application Date |
|---|---|
| Application Deadline For January 2026 Intake | Dec 8, 2025 |
Reviews
5 Reviews Found
Likes
- Great diversity in modules and the option to choose 2 optional modules from the list.
- Triple-accredited Business School.
- In the second semester, PWC and JP Morgan visited the campus for an event where students could connect directly with their team.
Dislikes
- There should be more companies or Banks that visit the campus.
- I feel these should be a 50:50 assessment for the modules based on assignments and written exams, as compared to what, at the moment, was 20:80.
- The library should have more updated and relevant books for our course modules.
Course Curriculum
- It was pretty average because of my CA background; just two modules were challenging: credit risk and quantitative methods. Overall, the average difficulty, I can say. Two classes on average per day. Timings were usually in the morning; my class has 20 students.
- Indian students were 5/6. But there are many finance courses, and these were linked with 1-2 common modules, and then for that module, 70-80 students were there.
Fees
- For me, it was just tuition fees because I was living off campus. We can pay in two instalments, but before the start of the second semester, full fees should be paid. You can ask the university for further extension in special cases for fee payment.
- Monthly expenses
- Rent: 450-550
- Bills - 50-70
- Grocery 120-150
- Travelling - 50
- Misc. - 50
- Total - 700-800
- But it all depends on how frequently you eat out, how expensive your rent is and how much you spend on shopping.
Scores Required
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TOP Scholarships
| Scholarship name | Award amount | Eligibility |
|---|---|---|
| International Scholarships for Taught Masters Students | 6000 | Hold or be due to receive a UK First Class Honours degree or equivalent overseas qualification. |
| Kent Future Students India Scholarships | 5000 | Domicile of India |
Key Resources for Your Study Abroad Journey
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Scholarship Grants & Financial Aids
| Name | Scholarship Per Student | Level of Study | Type | |
|---|---|---|---|---|
| VueVille Future Technology Scholarship | Scholarship per student$ 1,320/Yr$1,000 | Level Of StudyBachelor | TypeMerit-Based | |
| Saltire Scholarships | Scholarship per student$ 10,560/Yr$8,000 | Level Of StudyMaster | TypeMerit-Based | |
| Bharat Petroleum Scholarship | Scholarship per studentVariable Amount | Level Of StudyMaster | TypeMerit-Based | |
| Forktip Women’s- Innovation Scholarship | Scholarship per studentVariable Amount | Level Of StudyBachelor | TypeCollege-Specific | |
| India Postgraduate Taught Master’s Scholarship | Scholarship per student$ 4,693/Yr$3,555 | Level Of StudyMaster | TypeCollege-Specific | |
| Axol Science Scholarship | Scholarship per student$ 2,640/Yr$2,000 | Level Of StudyBachelor | TypeCompany-Sponsored |
Similar Programs
| Program | Important Date | Total Fees | Median Exams Score | Action |
|---|---|---|---|---|
Application Deadline For January 2026 Intake (8th Dec 2025) | USD 29,964 /Yr GBP 22,700 /Yr |
|
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