the msc in actuarial management programme covers material relating to the second and third stages of the professional examinations of the institute and faculty of actuaries, namely the core practices subjects and specialist principles subjects. taking this master's degree at bayes business school (formerly cass) means you are studying in the first institution in the uk to have both undergraduate and postgraduate programmes fully accredited by the uk institute and faculty of actuaries. you can also gain exemptions from the ifoa's examinations. in particular you can gain exemptions in actuarial practice (subject cp1), modelling practice (subject cp2) and communications practice (subject cp3) and most of the specialist principles (sp) subjects.