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Applied Sciences and Basic Sciences
Actuarial Mathematics BSc
Actuarial Mathematics BSc

Actuarial Mathematics BSc

  • ID:UOL440002
  • Level:3-Year Bachelor's Degree
  • Duration:
  • Intake:

Fees (GBP)

Estimated Total/program:
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60
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100
Visa
20
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1

Admission Requirements

Entry Requirement

English Requirement

IELTS 6.0 overall, with no less than 5.5 in any one component, or IELTS 6.5 overall, with no less than 6.0 in any one component, depending on other qualifications present

Course Information

This course provides detailed knowledge and understanding of the mathematical and statistical tools relevant to all areas of financial and actuarial mathematics, including stochastic processes, statistics of insurance, survival and risk theory, as well as the mathematical theories underlying these areas. You will gain an appreciation of the interdisciplinary nature of actuarial science and develop a high level of analytical and problem solving skills, in statistical analysis, numerical techniques, and computer applications.

In the first year of the course you will study key topics in mathematics, finance, economics and accounting, including probability, statistics, and the mathematics of financial and insurance markets. You’ll gain a solid foundation in actuarial mathematics.

In the second year, you’ll study core modules in financial mathematics, statistical methods, and business finance. At this stage, you’ll be also able to choose some optional modules.

In the final year of the course, you’ll have further core modules in actuarial mathematics, financial modelling and statistics. You’ll also be able to choose from a wide range of optional modules in mathematics, statistics, finance, and economics, allowing you to explore the topics in actuarial mathematics that really interest you.

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Modules

Year 1

Compulsory modules

  • Introductory Financial Accounting10 credits

  • Introductory Management Accounting10 credits

  • Economics for Management20 credits

  • Calculus and Mathematical Analysis10 credits

  • Numbers and Vectors10 credits

  • Linear Algebra with Applications15 credits

  • Modelling with Differential Equations10 credits

  • Interest Rates and Cashflow Modelling15 credits

  • Probability and Statistics I10 credits

  • Probability and Statistics II10 credits

Year 2

Compulsory modules

  • Intermediate Microeconomics10 credits

  • Financial Accounting and Reporting20 credits

  • Intermediate Macroeconomics10 credits

  • Financial Mathematics: Risk10 credits

  • Financial Mathematics: Markets10 credits

  • Statistical Methods10 credits

  • Introduction to Markov Processes10 credits

  • Survival Analysis10 credits

Optional modules (selection of typical options shown below)

  • Real Analysis15 credits

  • Further Linear Algebra10 credits

  • Discrete Mathematics10 credits

  • Discrete Mathematics with Computation15 credits

  • Vector Calculus15 credits

  • Linear Differential Equations and Transforms15 credits

  • Nonlinear Differential Equations10 credits

  • Numerical Analysis10 credits

  • Numerical Analysis with Computation15 credits

  • Introduction to Optimisation10 credits

  • Environmental Statistics10 credits

  • Maths at Work10 credits

  • Computational Mathematics10 credits

Year 3

Compulsory modules

  • Project in Mathematics20 credits

  • Actuarial Mathematics 115 credits

  • Actuarial Mathematics 215 credits

  • Stochastic Calculus for Finance15 credits

  • Time Series10 credits

Optional modules (selection of typical options shown below)

  • Banks and Banking Systems10 credits

  • Intermediate Management Accounting20 credits

  • Advanced Microeconomics10 credits

  • Transnational Corporations in the World Economy10 credits

  • Economic Development20 credits

  • Economics of Famines20 credits

  • Environmental Economics10 credits

  • Public Enterprise and Regulation10 credits

  • Advanced Macroeconomics10 credits

  • Principles of Auditing10 credits

  • Auditing and Assurance Services20 credits

  • Contemporary Issues in Accounting10 credits

  • Principles of Taxation20 credits

  • The Economics of Unions10 credits

  • Corporate Governance10 credits

  • Economics of Business and Corporate Strategy20 credits

  • Real Analysis15 credits

  • Further Linear Algebra10 credits

  • Discrete Mathematics10 credits

  • Discrete Mathematics with Computation15 credits

  • Vector Calculus15 credits

  • Linear Differential Equations and Transforms15 credits

  • Nonlinear Differential Equations10 credits

  • Numerical Analysis10 credits

  • Numerical Analysis with Computation15 credits

  • Introduction to Optimisation10 credits

  • Statistical Modelling10 credits

  • Environmental Statistics10 credits

  • Maths at Work10 credits

  • Computational Mathematics10 credits

  • Analytic Solutions of Partial Differential Equations15 credits

  • Modern Numerical Methods15 credits

  • Linear Regression and Robustness15 credits

  • Statistical Theory15 credits

  • Multivariate Analysis10 credits

  • Bayesian Statistics10 credits

  • Generalised Linear Models10 credits

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Pre Courses

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Pathway Courses

International Foundation Year

International students who do not meet the academic requirements for undergraduate study may be able to study the University of Leeds International Foundation Year. This gives you the opportunity to study on campus, be taught by University of Leeds academics and progress onto a wide range of Leeds undergraduate courses.

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Career Opportunity

Career Opportunity

A mathematics degree can take you down many career paths into some of the highest paid and most satisfying roles in employment. The University of Leeds is in the top ten most targeted universities in the UK by graduate recruiters, according to High Fliers’ The Graduate Market in 2020 report.

Recent graduates from the School of Mathematics have secured positions at organisations including:

  • Lloyds Banking Group
  • IBM
  • Deloitte
  • HMRC
  • Marks and Spencer
  • PwC
  • Morgan Stanley
  • Ministry of Defence

Traditionally, actuaries have been employed in the insurance and pensions industry, but there is increasing demand for their analytical skills in other areas of the private and public sector: for example, financial services such as banking and investment management, consultancy, manufacturing, transport, and energy.

In virtually all areas of life, mathematical skills are highly valued. The numerical, analytical and problem solving skills you will develop, as well as your specialist subject knowledge and your ability to think logically, are highly valued across sectors, including financial services, IT, software design, data analysis, engineering, and teaching. This course also allows you to develop the transferable skills that employers seek.

Ability to settle

Overseas Student Health Cover

300 GBP/year

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