University Of Leicester United Kingdom

Mathematics and Actuarial Science MMath

Integrated Masters with deeper specialization and research focus
Taught in English
Duration 4 Years
Mode On Campus
Level Undergraduate
Degree Bachelors Degree
Closing soon September 2026

Course Overview

The MMath in Mathematics and Actuarial Science at the University Of Leicester is designed for ambitious students aiming to quantify and manage risk in the financial sector. This rigorous undergraduate degree equips you with advanced mathematical and statistical techniques essential for understanding complex financial uncertainties, making it ideal for those drawn to problem-solving and analytical challenges. You will explore core areas like probability, statistical modelling, and business finance, building a strong foundation for a career where precise calculation and strategic insight are paramount. This programme offers a direct pathway into the actuarial profession.

You will study this full-time, on-campus programme over four years, engaging with a curriculum that progresses from foundational calculus and linear algebra in Year 1 to advanced actuarial modelling and financial engineering in your later years. The syllabus includes practical modules such as Actuarial Professional Skills and Employability, alongside opportunities to undertake a significant Actuarial Research Project in your final year. You will graduate with a comprehensive skill set, prepared for roles in insurance, pensions, and investment, potentially gaining exemptions from key Institute and Faculty of Actuaries exams.

Course Curriculum & Details

Detailed information for serious evaluators

Program Overview

This integrated Master's degree provides a comprehensive foundation in mathematics and actuarial science. You will explore core mathematical concepts such as calculus, linear algebra, and probability, alongside essential actuarial topics including financial engineering, liability modelling, and survival models. The program emphasizes practical application through projects and case studies, preparing you for professional roles in the actuarial field. You will also develop skills in statistical analysis, data science, and financial risk management.

1 Year 1

Calculus and analysis
Linear algebra
Probability
Business microeconomics
Introductory statistics
Business macroeconomics

2 Year 2

Actuarial modelling 1
Markov processes
Statistical distributions and inference
Actuarial professional skills and employability
Actuarial modelling 2
Survival models
Statistical data analysis
Business finance

3 Year 3

Actuarial mathematics project
Financial engineering for actuaries
Liability modelling
Operational research
The management and shaping of innovation
Business microeconomics*
Generalised linear models
Data mining and neural networks
Introduction to functional data analysis
Business macroeconomics*
Advanced investment management

4 Final year

Actuarial research project
Actuarial practice
Actuarial modelling practice
Actuarial communications
Operational research
Fundamentals of data science
Readings around green economics
Financial risk management
Corporate finance
International money and finance
Generalised linear models
Data mining and neural networks

Cost & Affordability

A clear picture of what this course will cost you

Program Costs

First Year Fee Tuition fee
USD 33,927.00
Second Year Fee Tuition fee
USD 33,927.00
Third Year Fee Tuition fee
USD 33,927.00
Fourth Year Fee Tuition fee
USD 33,927.00
Total Program Cost Estimated total tuition
USD 135,710.00

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

Living Costs

Accommodation
USD 624.00 - USD 867.00
Food & Groceries USD 3,222.00 - USD 4,833.00
Transport USD 967.00 - USD 1,611.00
Utilities & Bills USD 1,611.00 - USD 12,179.00
Estimated Total USD 5,800.00 - USD 18,623.00

Living cost estimates are based on Leicester Campus.

Outcomes & Employability

What happens after you graduate

94%
Graduate Employment Rate Within 6 to 12 months of graduation

Common Graduate Roles

Accounting & AuditingAgricultural Marketing & SalesDigital MarketingEvent & Experiential MarketingForestry & LoggingGovernment & Regulatory AgenciesInvestment Management & Asset ManagementLivestock & Animal HusbandryRestaurant & Food ServiceTax & Legal Compliance

Top Employers Hiring for this course

AON

Aviva

Deloitte UK

EY

HSBC

Lloyds Banking Group

Manchester City Council

Mercer

Why Study Mathematics and Actuarial Science MMath at University Of Leicester

What makes this program stand out

September 2026 Closing soon

Next intake is in September 2026

Moderate Application response time

University Of Leicester typically responds to applications within 1 - 2 weeks, giving you clarity on your options quickly.

Life at University Of Leicester 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 Mathematics and Actuarial Science MMath at University Of Leicester

Can I work while studying?

International students in degree courses can work up to 20 hours per week during term time and full-time during breaks. No separate work permit is needed.

Is this qualification recognised internationally?

Yes. This course is accredited by Institute and Faculty of Actuaries,.

What English language score do I need for this course?

Applicants must meet specific English test requirements: Duolingo overall score of 105, TOEFL overall score of 80, IELTS overall score of 6.0, or PTE overall score of 59. Make sure to check each test's specific score breakdown for listening, reading, speaking, and writing.

What jobs can I get after studying this course?

Graduates can pursue careers as Actuaries, Risk Analysts, Investment Analysts, Insurance Underwriters, and Financial Consultants.

What will I actually study in this course?

The MMath in Mathematics and Actuarial Science focuses on understanding risk and uncertainty while applying technical skills to real-world situations. Students will also gain potential exemptions from core subjects required by the Institute and Faculty of Actuaries (IFoA).

When can I start — what are the intake months?

The intake month for the Mathematics and Actuarial Science MMath program is September. Make sure to apply ahead of time to secure your spot.
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