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Applied Actuarial Science - MSc

Applied Actuarial Science - MSc

Different course options

Study mode

Full time

Duration

1 year

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. They make financial sense of the future for their clients by applying advanced mathematical and statistical techniques to solve complex financial problems.

Qualifying as an actuary 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.

The MSc is available as a full-time (one-year) programme and is suitable for those who have completed a first degree, postgraduate diploma or our MSc in Actuarial Science, or those who have studied the majority of the earlier subjects in the Core Principles Stage. Students who achieve a high enough overall mark in our programmes can obtain exemptions from the professional examinations included within their studies.

Programme aims

This programme aims to:

  • provide successful students with eligibility for subject exemptions from the Core Application and Specialist Technical 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 the practice of major areas in which actuaries are involved.
  • develop your understanding, knowledge and awareness of current problems, much of which is at the forefront of current professional practice.
  • ensure you are competent in the use of information technology, and are familiar with computers, together with the relevant software.

Accreditation

Students who are considered to have performed sufficiently well in the programme (both in examinations and coursework), as determined by an examiner appointed by the UK Actuarial Profession will receive exemptions.

If you fail to achieve a suitable overall standard, you might still be awarded individual module exemptions as recommended by the Profession’s examiner. Please note that individual exemptions are granted based on the final written examinations only.

Teaching and assessment

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

Careers

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.

Modules

The aim of this module is to develop the student's ability to apply a wide range of key actuarial concepts in simple traditional and non-traditional situations.

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 in Actuarial Science, or a degree that covers all or most of the Core Principles Stage subjects of the Institute and Faculty of Actuaries’ examinations. We may also accept applicants who have a good first degree in another subject and who have passed most of the Core Principles Stage subjects. 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