BSc (Hons)Actuarial Mathematics
| Study location | United Kingdom, Liverpool |
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| Type | Bachelor courses, full-time |
| Nominal duration | 3 years |
| Study language | English |
| Awards | BSc (Hons) |
| Course code | NG31 |
| Tuition fee | To be confirmed |
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| Entry qualification | High school / secondary education (or higher) good results in Mathematics The entry qualification documents are accepted in the following languages: English. Often you can get a suitable transcript from your school. If this is not the case, you will need official translations along with verified copies of the original. |
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| Language requirements | English IELTS: 6.0 (with a minimum of 5.5 in each band) |
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| Other requirements | At least 1 reference(s) must be provided. A motivation letter must be added to your application. |
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| More information |
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Overview
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.
This popular degree programme teaches students skills and knowledge that are highly desirable in the industry and offers graduates great employment prospects. The programme is designed primarily for those who wish to work in quantitative finance or banking after graduation.
We offer a wide range of modules, ranging from Financial Mathematics to Life and Non-life insurance Mathematics, Mathematical Models, Operational Research to Security markets. In the final year, as in other math degree programmes, we offer the opportunity to undertake an in-depth project on a topic of your choice, supervised by a leading expert in the field.
Programme structure
Programme Year One
Exemptions are based on performance in the relevant subjects as listed below.
Subject CT1 Financial Mathematics: Financial Mathematics I &II
Subject CT2 Finance & Financial Reporting: Introduction to Financial Accounting, Introduction to Finance & Financial Reposting and Finance
Subject CT3 Probability & Mathematical Statistics: Statistical Theory I & II
Subject CT4 Models: Applied Probability & Actuarial Models
Subject CT5 Contingencies: Life Insurance Mathematics I & Life Insurance Mathematics II
Subject CT6 Statistical Methods: Mathematical Risk Theory & Statistical Methods in Actuarial Science
Subject CT7 Economics: Principles of Microeconomics, Principles of Macroeconomics, Microeconomics I & International Trade.
Subject CT8 Financial Economics: Financial Mathematics II, Security Markets & Stochastic Modelling in Insurance and Finance
Programme Year Two
In the second and subsequent years of study, there is a wide range of modules. Each year you will choose the equivalent of eight modules. Please note that we regularly review our teaching so the choice of modules may change.
Financial Mathematics I
Financial Mathematics II
Statistical Theory and Methods I
Statistical Theory and Methods II
Life Insurance Mathematics I
Financial Reporting and Finance
Programme Year Three
Applied Probability
Mathematical Risk Theory
Statistical Methods in Actuarial Science
Life Insurance Mathematics II
Actuarial Models
Career opportunities
An actuary is a business professional who deals with the financial impact of risk and uncertainty. Every area of business is subject to risks so an actuarial career offers many options. A typical business problem might involve analysing future financial events, especially when the amount or timing of a payment is uncertain. Due to an actuary’s range of skills the opportunities open to them are endless, they can even be employed in the marketing and development of insurance/financial products.
Typical types of work undertaken by our graduates include:
Measuring and managing risk and uncertainty
Designing financial contracts
Advising on investments
Measuring demographic influences on financial arrangements
We are currently NOT ACCEPTING applications from NON-EU countries, except Georgia and Serbia.
We are currently NOT ACCEPTING applications from NON-EU countries, except Georgia and Serbia.