The Institute for Financial and Actuarial Mathematical (IFAM) is a group of young and enthusiastic academics specialized in actuarial and financial mathematics. We are part of the department of mathematical sciences at University of Liverpool. Our published research in actuarial science placed us on the 5th position worldwide (1st in the UK), among all, non-business, actuarial science departments according to the new Global Research Rankings of Actuarial Science and Risk Management & Insurance, while our actuarial education is accredited by the Institute and Faculty of Actuaries.
Our Institute offers the following undergraduate programmes:
- BSc in Actuarial Mathematics
- BSc in Mathematics with Finance
- BSc in Mathematics with Economics.
At a postgraduate level, we also offer an MSc in Financial Mathematics.
In our actuarial and financial mathematics programmes, we offer a wide range of topics, providing a strong foundation for a successful career in banks, insurance companies, consultancy firms, software companies, research institutions, government agencies or any other risk management enterprise.
We support and mentor our students throughout their studies, when transitioning from school to university and further when transitioning from university to society. All of these add up in an 88% success rate of employment, or further studies, within six months of graduation. For UK-based undergraduate, this number rises to 95%.
In every year of your degree you will need to complete eight modules. Each module has 4 contact hours; 3 for lectures and 1 for a tutorial. Tutorials are usually delivered in small groups, so that you can ask questions and get extra help on anything needed. While in Mathematics with Finance you specialise more on financial markets and instruments, in Mathematics with Economics you focus on daily economics aspects, whereas in Actuarial Mathematics you cover life insurance and non-life insurance topics.
The Financial Mathematics MSc provides you with the theoretical basis of financial products design and their risk management.
Summer research internships
Every summer, we organise research projects, in collaboration with industry, across all 2nd year math undergraduates. Our summer research projects emulate the everyday life of a math graduate, facilitating the development of practical skills and the understanding of the importance of mathematics in the modern world. They are built upon cross generational interactions, undergraduate with postgraduate students, working alongside local businesses and IFAM academics.
Our programmes are professionally accredited by the Institute and Faculty of Actuaries. In particular, the Actuarial Mathematics BSc can lead you to the following exemptions: CB1, CB2, CM1, CM2, CS1 and CS2 while our Mathematics with Finance graduates can claim exemptions from CB1, CM2 and CS1.
Some of our recent graduates are working for companies such as Deloitte, KPMG, BW, LCP or WTW, amongst others.View University of Liverpool's Website