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Launch your actuarial science career with the University of Essex

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 as well as non-financial areas.

It is predicted by the US Department of Labor that the employment of actuaries is expected to grow faster than any other occupation, making it a great prospect for a graduate job. At Essex you’ll receive first-class education and training to become a successful actuary in a fast-growing and in-demand field of work.

Our MSc Actuarial Science course is designed for students with a first degree in mathematics, statistics, data science, economics, business or finance who would like to acquire knowledge in actuarial science.

It’s based on the syllabus of the majority of the Core Principles of the Institute and Faculty of Actuaries, which means you’ll cover Core Principles subjects as part of your degree. This focus on up-to-date research findings in actuarial methodologies and actuarial applications means you gain a solid training in actuarial modelling and actuarial analysis.

We also offer an undergraduate degree, BSc Actuarial Science, where you’ll study mathematical finance, financial reporting, contingencies, risk management, survival analysis, pure and applied maths, statistics and more. This is a three-year course as standard, but you have the chance to either study abroad at one of our partner universities or do a work placement in the UK for a year – gaining valuable experience that will make you more desirable to employers.

Both BSc Actuarial Science and MSc Actuarial Science offer a number of exemptions from the IFoA exams.

Professional actuaries in the insurance industry, including influential businesses AXA and Buck Consultants, contribute to our undergraduate employability module and also host students at their offices to show them typical challenges that actuaries face.

Whichever of our courses you choose to study, at Essex you’ll work with award-winning lecturers and researchers, you’ll benefit from our active links with industry which will broaden your employment potential, and through our pioneering approach to teaching we’ll prepare you to become one of the actuarial scientists of the future.

You’ll join our Department of Mathematical Sciences and study full-time for up to a year and will benefit from our friendly, collaborative and interdisciplinary environment. You’ll be part of an open and inclusive department, based in the University’s brand-new STEM Centre (which is specifically for science, technology, engineering and mathematics students). Our department has a strong international community vibe – our staff and students are from all over the world!

Regarded as the Oscars of Higher Education in the UK, University of Essex is ranked Gold in the Teaching Excellence Framework (TEF 2017) which means we deliver an excellent educational experience. Our trailblazing research continues to change the world for the better and we are ranked 25th in the UK for research quality (The Times and Sunday Times Good University Guide 2020). We’re loved by our students too, Essex is top 15 in England for overall student satisfaction (NSS 2019, mainstream universities).

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