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Postgraduate Diploma Actuarial Science

Postgraduate Diploma Actuarial Science

Different course options

Study mode

Full time

Duration

9 months

Start date

OCT-26

Key information
DATA SOURCE : IDP Connect

Qualification type

Postgraduate Diploma

Subject areas

Actuarial Science

Course Summary

Actuaries provide assessments of financial security systems, with a focus on their complexity, their mathematics, and their mechanisms. Actuaries quantify the probability and manage the risk of future events in areas such as insurance, healthcare, pensions, investment and banking, as well as in non-financial areas. This course is taught by the School of Mathematics, Statistics and Actuarial Science and is intended for those with a first degree in mathematics, statistics, economics or finance looking to acquire knowledge in actuarial science.Our Postgraduate Diploma Actuarial Science course is based on the syllabus of the majority of the core subjects of the Institute and Faculty of Actuaries, so you cover the following subjects as part of your course:CB1 (Business Finance), depending on the optional module selectedCM2 (Financial Engineering and Loss Reserving)CS2 (Risk Modelling and Survival Analysis)This focus on up-to-date research findings in actuarial methodologies and actuarial applications means that you gain solid training in actuarial modelling and actuarial analysis.You can also specialise on a topic of choice, such as:actuarial and financial modellinggeneral insurancelife insuranceYou also have the chance to study a problem in-depth through a Masters thesis project on a subject chosen by you or your supervisor.

Modules

How do you define simple assurance contracts? What practical methods are required to evaluate expected values from a contract? How can you calculate gross premiums and reserves of assurance and reserves? Understand the mathematical techniques that can calculate, model and value cashflows dependent on death, survival or other uncertain risks.

Tuition fees

UK fees
Course fees for UK students

For this course (month)

£980

International fees
Course fees for EU and international students

For this course (month)

£2,122

Entry requirements

A 2:2 degree in one of the following subjects: Applied Mathematics, Biostatistics, Computer Science, Economic Statistics, Economics, Mathematics, Operational Research, Pure Mathematics, Statistics or any other 2.2 degree in any subject which includes three modules from the below lists: One module, from: Advanced Maths (I/II/III), Calculus (AKA Mathematical Analysis), Engineering Maths (I/II/III), Maths (I/II/III) and One module, from: Advanced Maths (I/II/III), Engineering Maths (I/II/III), Maths (I/II/III), Statistics or Probability and One additional relevant module, from: Advanced Maths (I/II/III), Algebra, Analysis, Complex Numbers.