University of Kent United Kingdom

Applied Actuarial Science

Integrated Masters with deeper specialization and research focus
Taught in English
Duration 3 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 field of actuarial science. You will develop a robust understanding of financial mathematics, actuarial risk modelling, and statistical modelling, equipping you with the essential skills to navigate complex financial landscapes and make critical business decisions. This postgraduate course is ideal for those who are analytical, possess strong quantitative abilities, and aspire to a rewarding career as a qualified actuary in sectors such as insurance, pensions, and investment management.

This full-time, on-campus programme is studied over three years, providing a comprehensive curriculum that balances theoretical knowledge with practical application. In your first year, you will master foundational compulsory modules, while the second year allows you to tailor your studies through optional modules like Life Insurance or General Insurance Reserving. Your final year culminates in an invaluable Industrial Placement Experience, offering real-world exposure and a significant advantage in the job market. You will graduate with the expertise and practical skills to pursue professional actuarial qualifications and a successful career.

Course Curriculum & Details

Detailed information for serious evaluators

Program Overview

This course provides a comprehensive foundation in actuarial science, covering essential topics such as probability, statistics, financial mathematics, and risk modeling. Students will delve into actuarial mathematics, statistical modeling, data analysis, and corporate finance, preparing them for professional practice. The curriculum progresses to core and specialist actuarial practices, including practical modeling with PROPHET and professional skills development, culminating in an industrial placement experience.

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

3 Stage 3

Industrial placement experience Compulsory
Industrial placement report 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
Third Year Fee Tuition fee
USD 33,386.00
Total Program Cost Estimated total tuition
USD 100,160.00

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 LearningBrokerage & Trading & SecuritiesCybersecurityEconomic Research & PolicyGovernment & Regulatory AgenciesLivestock & Animal HusbandryProduct Management & UXSoftware Development & EngineeringWealth Management & Financial AdvisoryWireless & Mobile Communications

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 can work up to 20 hours per week during term time if enrolled in a degree course. Full-time work is allowed during breaks, and no separate work permit is needed.

What English language score do I need for this course?

To meet English test requirements, you can take TOEFL, IELTS, or PTE. For instance, TOEFL requires an overall score of 80, among other criteria.

What jobs can I get after studying this course?

Graduates can pursue roles such as actuary, risk analyst, insurance underwriter, investment analyst, or pension consultant.

What will I actually study in this course?

This program opens doors to various careers in fields such as insurance and banking. Students may also have the option to undertake industrial placements in the UK or overseas.

When can I start — what are the intake months?

The intake month for the Applied Actuarial Science course is September. Make sure to apply before the deadline to secure your place.
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