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BSc (Hons)Actuarial Mathematics

Tuition fee £13,850.00 per year
Course code NG31
More information

Expenses, accommodation, working etc. 


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

Apply now!
Application start
Aug 1, 2018
Application deadline
Aug 1, 2018 23:59
Europe/Tallinn time

We are currently NOT ACCEPTING applications from NON-EU countries, except Georgia and Serbia.

Application deadlines apply to citizens of: United States