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Actuarial Science with an Industrial Placement - MSc

Actuarial Science with an Industrial Placement - MSc

Different course options

Study mode

Full time

Duration

2 years

Start date

25-SEP-23

Key information
DATA SOURCE : IDP Connect

Qualification type

MSc - Master of Science

Subject areas

Actuarial Science

Course type

Taught

Course Summary

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.

Studying actuarial science on this conversion programme is a passport to a wide variety of careers in insurance companies, investments, pensions, health care and banking – not just in the UK, but throughout the world.

Our MSc in Actuarial Science, MSc in Applied Actuarial Science and International Master’s are all fully accredited by the Institute and Faculty of Actuaries; they also provide a fast-track route to qualifying as an actuary, because students who achieve a high enough overall mark in these programmes can obtain exemptions from the professional examinations included within their studies.

As one of the few universities to offer actuarial science in the UK, Kent’s programme is recognised for its strong mix of theoretical and practical expertise. The teaching staff include many actuaries drawn from professional practice, along with specialised researchers.

Teaching and assessment

Assessment is usually by a mixture of coursework and examination; exact weightings vary from module to module.

Accreditation

Students who are considered to have performed sufficiently well in the programme (both in examinations and coursework), as determined by examiners appointed by the Institute and Faculty of Actuaries, will receive exemptions.

Programme aims

This programme aims to:

  • give you the depth of technical appreciation and skills appropriate to a Master’s level programme in Actuarial Science
  • provide successful students with eligibility for subject exemptions from the Core Principles series of examinations of the Institute and Faculty of Actuaries. This means obtaining a thorough knowledge of core actuarial applications, developing the ability to apply this knowledge in a practical situation and gaining current knowledge and understanding of some of the major areas in which actuaries are involved
  • ensure you are competent in the use of information technology, and are familiar with computers, together with the relevant software
  • introduce you to an appreciation of recent actuarial developments, and of the links between subject theories and their practical application in industry
  • prepare you for employment within the actuarial profession and other financial fields
  • provide suitable preparation for students who wish to proceed to the MSc in Applied Actuarial Science.

Employability support

Helping our students to develop strong employability skills is a key objective within the School and the University. We provide a wide range of services and support to equip you with transferable vocational skills that enable you to secure appropriate professional positions within industry. Within the School we run specialist seminars and provide advice on creating a strong CV, making job applications and successfully attending interviews and assessment centres.

Our graduates have gone on to successful careers in the actuarial, finance, insurance and risk sectors.

Modules

Students spend a period of time doing paid work in an organisation outside the University, usually in an industrial or commercial environment, applying and enhancing the skills and techniques they have developed and studied in the earlier stages of their MSc programme. The work they do is entirely under the direction of their industrial supervisor, but support is provided by the SMSAS Placement Officer or a member of the academic team. This support includes ensuring that the work they are being expected to do is such that they can meet the learning outcomes of the module.

Tuition fees

UK fees
Course fees for UK students

For this course (per year)

13,900

International fees
Course fees for EU and international students

For this course (per year)

21,200

Entry requirements

Students need to have 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.

University information

The University of Kent is a leading international higher education institution, with a reputation for academic excellence and the unofficial title of the UK’s ‘European university’. With postgraduate centres in Paris and Brussels alongside the Canterbury and Medway main campuses, students will find that the university is the perfect place to sharpen their focus and broaden their horizons as they continue their studies. The university is...more