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Overview

Who is it for?

You excel in and enjoy mathematics, especially modelling and probability. You love asking “What if?”.

The skills you gain on the Actuarial Science undergraduate course will kickstart your actuarial career. You can also enter careers in risk management, investment management or financial analysis.

Accreditation

In order to qualify as an actuary, you will be required to pass the professional examinations of the Institute and Faculty of Actuaries. Specific modules in all three years of the BSc Actuarial Science degree give you the opportunity to earn exemptions from six of the seven core principles stage subjects.

Course content

What will I learn?

• Develop your knowledge and understanding of actuarial science, statistics, mathematics, finance and related disciplines
• Develop your ability to communicate your knowledge and understanding effectively
• Develop your understanding of the roles of mathematical and statistical calculation, analysis and judgement in actuarial science and financial risk management
• Develop your ability to make reasoned judgements, frame appropriate questions and draw independent conclusions
• Equip you with the skills required to work professionally as an actuary or in alternative fields related to statistics, finance, risk management and in general management
• Prepare you to enter postgraduate study in actuarial science or related disciplines.

Careers

The majority of our graduates become actuarial trainees and study for the Institute and Faculty of Actuaries’ examinations. Others embark on careers in:

• investment banking and investment management
• auditing
• commercial banking
• insurance
• financial analysis
• management
• computing and teaching.

83.3% of Graduates from the Actuarial Science degree are in employment or further study and earn an average salary of £30,333 (Graduate Outcomes survey 2021-22) after graduation and recent employers have included Travelers, WTW and Crystal Finance Solutions. Some students progress to postgraduate study, often on Bayes Business School’s MSc Actuarial Management.