This is a programme aimed at those students who want to work in the world of insurance, financial or governmental services, where actuarial mathematics plays a key role.

Please note that we regularly review our teaching, so the choice of modules may change.

Actuarial mathematics prepares students to be professionals who use mathematical models to analyse and solve financial problems under uncertainty. Actuaries are experts in the design, financing and operation of insurance plans, annuities, and pension or other employee benefit plans.

In Year Three, you will cover some specialised work in advanced actuarial and financial mathematics. Subsequently, you start to study more advanced ideas in both life and non-life insurance mathematics as well as stochastic modelling, econometrics and finance. This programme is designed to prepare you for a career as an actuary, combining financial and actuarial mathematics with statistical techniques and business topics.

A mathematically-based degree opens up a wide range of career opportunities, including some of the most lucrative professions.

Typical types of work our graduates have gone onto include as an actuarial trainee analyst in the audit practice, a graduate management trainee risk analyst and as a trainee chartered accountant on a graduate business programme. Employers value mathematicians’ high level of numeracy and problem solving skills.

Financial rewards are impressive, research by Pricewaterhouse Coopers revealed that mathematical science graduates earn on average an extra £241,749 over their lifetime than those who leave school after A levels. This is the third highest ‘graduate premium’ of all subject areas.

PROFESSIONAL RECOGNITION

We have accreditation from the Institute and Faculty of Actuaries, the professional body for actuaries in the UK. Currently, our students can receive exemptions for CT1, CT2, CT3, CT4, CT5, CT6, CT7 and CT8 of the professional actuarial exams.