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Actuarial Science
Actuarial Science with an Industrial Placement - MSc
Actuarial Science with an Industrial Placement - MSc

Actuarial Science with an Industrial Placement - MSc

  • ID:UOK440297
  • Level:Master's Degree
  • Duration:
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Admission Requirements

Entry Requirement

A good first degree usually in mathematics, statistics or economics, although other subjects with a high mathematical content are acceptable.

All applicants are considered on an individual basis and additional qualifications, professional qualifications and relevant experience may also be taken into account when considering applications. 

English Requirement

IELTS (including IELTS Indicator)

  • 6.0 overall (with a minimum of 5.5 in each component)

PTE Academic

  • 59 overall with 59 in each subtest

CAE/CPE

  • 169 overall (with a minimum of 162 in each component)

TOEFL iBT

  • 85 overall (with a minimum of 18 in R; 17 in W&L; 20 in S)
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Course Information

Actuaries evaluate and manage financial risk. The Actuarial Science MSc prepares graduates from a mathematical background for a career as an actuary. No prior knowledge of actuarial science is required. More Info: click here

Modules

Compulsory modules currently include

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Career Opportunity

Career Opportunity

The UK Actuarial Profession is small, but influential and well rewarded. There are more than 6,500 actuaries currently employed in the UK, the majority of whom work in insurance companies and consultancy practices.

Survey results published by the Institute and Faculty of Actuaries suggest that the average basic salary for a student actuary is £36,842 with pay and bonuses increasingly sharply as you become more experienced. The average basic salary of a Chief Actuary is £209,292.

As an actuary, your work is extremely varied and can include: advising companies on the amount of funds to set aside for employee pension payments; designing new insurance policies and setting premium rates; pricing financial derivatives and working in fund management and quantitative investment research; advising life insurance companies on he distribution of surplus funds; and estimating the effects of possible major disasters, such as earthquakes or hurricanes, and setting premium rates for insurance against such disasters. For more information about the actuarial profession, see www.actuaries.org.uk

Ability to settle

Overseas Student Health Cover

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