This is Actuarial Science at the University of East Anglia
Actuarial science is used to build analytical solutions to solve the financial problems that businesses have. Like all disciplines, actuarial science is constantly adapting to meet the needs of the ever-changing world. New techniques are being developed and replacing the old. At UEA we recognise this and ensure that our degrees continue to evolve so to ensure that they are amongst the best actuarial science programmes in the world.
Our actuarial science programmes provide an excellent grounding in actuarial science, data science and risk management, giving you the chance to accelerate your journey to becoming a financial professional or an actuary or in alternative fields related to managing risk. We have the brightest and best students studying actuarial science at the UEA. You will be equipped to play a crucial role in large range of companies. If you are ambitious, these skills will be the first step to a successful, secure, and well remunerated career.
We listen closely to our industrial partners to ensure that our course includes the skills that they are looking for in graduates. We are positioned within the School of Computing Science that ensures that both our BSc in Actuarial Science and the MMath in Actuarial and Data Science will teach you the key aspects of actuarial science and additionally develops highly desirable skills in data science. Students also have the opportunity to develop expertise in machine learning, artificial intelligence and coding in Python.
The first three years of both the BSc and MMath focus on developing the multi-disciplinarily skills that combine to create actuarial science. You will become skilled in statistics, actuarial mathematics, financial mathematics, and corporate finance. There will also be the opportunity to choose options in computer science so to develop your expertise in this area too.
For the BSc you graduate after three years of study. The majority of our graduates study towards the BSc in Actuarial Science. The MMath continues for a fourth year and is aimed at the most able of students. This fourth year is all about developing your skills, knowledge, and practical experience of data science. The financial services industry is constantly looking for graduates who are not only strong in actuarial science but also are skilled in data science. You will be taught by data science experts from the School of Computer Sciences. They will teach subjects such as data management, software, machine learning and data analytics. Students who can successfully exhibit knowledge in both areas are likely to secure the graduate role of their choice.
Both the BSc and MMath include the option for students to take a Year in Industry, or a Year Abroad. Our experience suggests that employers value the skills and experience of the students who have been on a Year in Industry placement.
If you have a love of mathematics and want to use your ability to help businesses solve complex financial problems, then actuarial science and data science are the subjects for you. Graduates from our degrees are highly sought after and our actuarial science programmes can lead you into careers such as becoming an actuary, an investment analyst, an underwriter, a risk manager, or a data scientist.
All our actuarial science courses are fully accredited by the Institute and Faculty of Actuaries (IFoA). Performing well in your studies can lead to the granting up to seven exemptions from the IFoA professional examinations. These subject specific exemptions are CM1, CM2, CS1, CS2, CB1, CB2, and, uniquely in the UK, our MMath qualifies for an exemption in SP0. This is very important for those who wish to qualify as an actuary. Many of our graduates use the knowledge and skills they learn to support their career through study with other professional bodies such as the Chartered Insurance Institute or the Chartered Financial Analyst Institute.
Combining the learning of actuarial skills, techniques, and models along with a whole year of data science, sets you apart from other graduates. On top of the subject specific training, our programmes give you the unique opportunity to conduct industrially focused projects, attend guest lectures from industry professionals, and develop the key skills to help you perform successfully in a secure a graduate position. A particular highlight are the two modules focused on employability that involve significant input from Aviva, the global insurer.
The actuarial science programmes at UEA have been designed to allow to you to develop your skills and demonstrate your ability in the fields of actuarial science and data science with the aim of you securing the career of your choice.
This is UEA
We opened our doors in 1963 as a home for academic innovation and disruptive ideas. Throughout our history we have sought to build a diverse and thriving community who can tackle the world’s largest challenges, together. We are ranked;
- Gold (Teaching Excellence Framework 2017-2021)
- UK Top 25 (The Times/Sunday Times 2020 and Complete University Guide 2021)
- World Top 200 (Times Higher Education World University Rankings 2020)
- World Top 50 for research citations (Times Higher Education World University Rankings 2020)
The UEA campus is a mini-city, home to a multi-cultural community that enjoys and contributes to a thriving social and cultural scene. Set in acres of parkland on the edge of the city of Norwich, it was designed so that everything you need for living and studying here is no more than a few minutes away. You can be reassured you are coming to a university which will support and enable you to succeed.
This is Opening Doors
“I am working in the General Insurance sector at Aviva in Norwich as a Data Scientist in the Commercial Motor team. Prior to working at Aviva, I was working for Willis Towers Watson for two years as an Actuarial Analyst.
I can say for certain I wouldn’t be in the job I am in nor have the opportunity, if I hadn’t studied Actuarial Science. I hold the UEA in such high standing and would recommend it to anyone looking for a university that provides a great education and opportunities to network with a vast range of industries.”
Ben – UEA Actuarial Science Graduate