University of Kent United Kingdom

Applied Actuarial Science

Integrated Masters with deeper specialization and research focus
Taught in English
Duration 2 Years
Mode On Campus
Level Postgraduate
Degree Masters Degree
Closing soon September 2026

Course Overview

The Applied Actuarial Science Masters Degree at the University of Kent is designed for ambitious individuals seeking to excel in the dynamic fields of risk management and financial analysis. You will develop a robust understanding of actuarial principles, statistical modelling, and financial mathematics, equipping you to tackle complex challenges in insurance, pensions, and investment sectors. This postgraduate course is ideal for those with a strong quantitative background who are eager to gain the specialized knowledge and practical skills demanded by the modern actuarial profession. You will explore core areas such as probability, financial economics, and data modelling.

This full-time, two-year on-campus programme immerses you in a comprehensive curriculum, starting with nine compulsory modules in Stage 1 covering essential actuarial mathematics and risk modelling. In Stage 2, you will deepen your expertise through seven compulsory modules and select two optional modules, allowing you to tailor your studies towards areas like life insurance, general insurance reserving, or enterprise risk management. You will graduate with the advanced analytical and problem-solving capabilities necessary to pursue a successful career as a qualified actuary, working alongside leading professionals in the financial services industry.

Course Curriculum & Details

Detailed information for serious evaluators

Program Overview

This course provides a comprehensive introduction to actuarial science, covering essential topics in probability, statistics, and financial mathematics. Students will delve into actuarial risk modeling, financial economics, and corporate finance, alongside statistical modeling and data analysis techniques relevant to the actuarial profession. The curriculum progresses to core and specialist actuarial practices, including practical modeling skills with tools like PROPHET and an introduction to Bayesian machine learning, preparing students for professional actuarial roles.

1 Stage 1

Probability and statistics for actuarial science Compulsory
Financial mathematics Compulsory
Actuarial risk modelling Compulsory
Financial economics and derivatives Compulsory
Actuarial mathematics Compulsory
Statistical modelling for actuaries Compulsory
Data modelling and consultancy Compulsory
Corporate finance for actuaries Compulsory
Economics for actuaries Compulsory

2 Stage 2

Core actuarial practice 1 Compulsory
Core actuarial practice 2 Compulsory
Specialist actuarial practice Compulsory
Introduction to PROPHET modelling Compulsory
Professional skills Compulsory
Modelling practice Compulsory
Bayesian machine learning Compulsory

Cost & Affordability

A clear picture of what this course will cost you

Program Costs

First Year Fee Tuition fee
USD 33,386.00
Second Year Fee Tuition fee
USD 33,386.00
Total Program Cost Estimated total tuition
USD 66,773.00

Currency note: Program costs shown in USD based on the available tuition breakdown.

Living Costs

Accommodation
USD 572.00 - USD 1,227.00
Food & Groceries USD 2,417.00 - USD 4,833.00
Transport USD 806.00 - USD 1,611.00
Utilities & Bills USD 1,128.00 - USD 2,095.00
Estimated Total USD 4,351.00 - USD 8,539.00

Living cost estimates are based on Canterbury Campus.

Outcomes & Employability

What happens after you graduate

95%
Graduate Employment Rate Within 6 to 12 months of graduation

Common Graduate Roles

Artificial Intelligence & Machine LearningBlockchain & Emerging TechnologiesBroadband & Internet ServicesCloud Computing & InfrastructureFinancial Technology (Fintech)Forestry & LoggingLivestock & Animal HusbandrySatellite CommunicationsSocial Media & Community ManagementWealth Management & Financial Advisory

Top Employers Hiring for this course

Aviva

Bank of England

Barclays

Deloitte UK

Llyods banking group

National Farmers'​ Union

Willis Towers Watson pl(WTW)

Why Study Applied Actuarial Science at University of Kent

What makes this program stand out

September 2026 Closing soon

Next intake is in September 2026

Very Fast Application response time

University of Kent typically responds to applications within 1 - 2 days, giving you clarity on your options quickly.

Life at University of Kent in United Kingdom

What daily life looks like for international students

Language

English

Primary language everywhere

Climate

Mild & Rainy

10-20°C average, pack layers

Safety (Numbeo Safety Index)

Very Safe

Exeter is one of UK's safest cities

Frequently Asked Questions

Common questions about Applied Actuarial Science at University of Kent

Can I work while studying?

International students may work part-time depending on their study level: up to 10 or 20 hours per week during term time. Full-time work is permitted during breaks.

What English language score do I need for this course?

For English proficiency, the TOEFL requires an overall score of 80 with specific minimums in each section. Alternatively, IELTS and PTE scores are also accepted with their respective requirements.

What jobs can I get after studying this course?

Actuary, Risk Analyst, Insurance Underwriter, Pension Consultant, Financial Analyst.

What will I actually study in this course?

This course prepares you for a career in diverse fields such as insurance and banking. Qualifying as an actuary offers global career opportunities.

When can I start — what are the intake months?

The Applied Actuarial Science course has an intake month in September. Make sure to apply before the deadline to secure your place.
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