Actuarial Science
Business and Management
Taught
PgDip
Taught
PgDip
Overview
Application Timeline
Tuition
- Year 1
| Student categories | Study | |
|---|---|---|
| Full-time | Part-time | |
| England | £8,400 | N/A |
| Northern Ireland | £8,400 | N/A |
| Scotland | £8,400 | N/A |
| Wales | £8,400 | N/A |
| Channel Islands | £8,400 | N/A |
| Republic of Ireland | £8,400 | N/A |
| EU | £18,200 | N/A |
| International | £18,200 | N/A |
Requirements
Language requirements information is currently unavailable.
Modules
Modules is currently unavailable
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About
Introduction to Actuarial Science
Actuaries assess financial security systems, focusing on their complexity, mathematics, and mechanisms. They quantify probabilities and manage risks in various sectors, including:
- Insurance
- Healthcare
- Pensions
- Investment
- Banking
- Non-financial areas
This course is designed for students with a background in mathematics, statistics, economics, or finance who wish to delve into actuarial science.
Course Structure
The MSc Actuarial Science course aligns with the core subjects of the Institute and Faculty of Actuaries, covering:
- CB1: Business Finance
- CM2: Financial Engineering and Loss Reserving
- CS2: Risk
Subject Area Information
Actuarial science is a discipline that applies mathematical and statistical methods to assess risk in insurance, finance, and other industries. It combines rigorous quantitative skills with a deep understanding of business and economics, preparing students for professional certification and careers in risk management, insurance, pensions, and financial planning.
1. Introduction to Actuarial Science
2. Probability and Statistics for Actuaries
3. Financial Mathematics
4. Life Contingencies
5. Risk Theory and Loss Models
6. Actuarial Modeling
- Quantitative Analysis
- Financial Acumen
- Risk Management
- Problem-Solving
- Communication
Career
Actuarial science is a challenging and rewarding field that offers a variety of career opportunities for those with strong analytical skills and a passion for risk management.
Actuary
Working in insurance companies, consulting firms, or government agencies, actuaries assess and manage financial risks.
Risk Analyst
These professionals analyze the risk associated with financial investments and business operations.
Pension Consultant
Specializing in retirement plans, pension consultants advise organizations on the design and management of pension schemes.
Financial Planner
Financial planners help individuals and organizations achieve their financial goals through careful planning and risk management.
Insurance Underwriter
Underwriters evaluate the risk of insuring clients and determine appropriate premiums.
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