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Postgraduate Diploma Actuarial Science

Postgraduate Diploma Actuarial Science

Different course options

Study mode

Full time

Duration

9 months

Start date

07-OCT-21

Key information
DATA SOURCE : IDP Connect

Qualification type

Postgraduate Diploma

Subject areas

Actuarial Science

Course type

Taught

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 and in non-financial areas. This course is taught by the Department of Mathematical Sciences and is intended for students with a first degree in mathematics, statistics, economics or finance who would like 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’ll cover subjects as part of your course CB1 (Business Finance) depending on the optional module selected, CM2 (Financial Engineering and Loss Reserving) and CS2 (Risk Modelling and Survival Analysis). This focus on up-to-date research findings in actuarial methodologies and actuarial applications means that you gain a solid training in actuarial modelling and actuarial analysis.

Modules

This module will enable you to expand your knowledge on multiple statistical methods. You will learn the concepts of decision theory and how to apply them, have the chance to explore “Monte Carlo” simulation, and develop an understanding of Bayesian inference, and the basic concepts of a generalised linear model.

Tuition fees

UK fees
Course fees for UK students

For this course (overall cost)

£7,008

Average for all Postgrad courses (per year)

£5,202

International fees
Course fees for non-UK/ international students

For this course (overall cost)

£15,040

Average for all Postgrad courses (per year)

£12,227

Entry requirements

A 2:2 degree in one of the following subjects: Mathematics, Statistics, Operational research, Finance, Economics, Business Engineering, Computing, Biology, Physics or Chemistry. Will consider applicants with an unrelated degree but which contained at least three modules in calculus, algebra, differential equations, probability & statistics, optimisation or other mathematical modules. Applicants with a degree below a 2:2 or equivalent will be considered dependent on any relevant professional or voluntary experience, previous modules studied and/or personal statement.