University Of Leicester United Kingdom

Mathematics and Actuarial Science with Year in Industry MMath

Integrated Masters with deeper specialization and research focus
Taught in English
Duration 5 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 eager to master the quantitative techniques essential for understanding and managing financial risk. You will delve into core areas such as calculus, linear algebra, probability, and statistics, alongside specialised actuarial modelling, Markov processes, and survival models. This rigorous undergraduate degree equips you with the analytical prowess and problem-solving skills demanded by the financial services industry, preparing you to tackle complex challenges in risk assessment and financial decision-making.

This full-time, on-campus programme is studied over five years, including a dedicated Year in Industry, offering invaluable practical experience. Throughout your studies, you will engage with real-world scenarios, from liability modelling to financial engineering, and work towards potential exemptions from Institute and Faculty of Actuaries (IFoA) exams. You will graduate with a comprehensive understanding of actuarial science and mathematics, prepared for advanced roles in insurance, pensions, investment, and risk management, with a significant head start on your professional career.

Course Curriculum & Details

Detailed information for serious evaluators

Program Overview

This integrated Master's degree provides a comprehensive foundation in mathematics and actuarial science, preparing students for a career in the actuarial profession. The curriculum covers core mathematical concepts such as calculus, linear algebra, and probability, alongside essential actuarial topics like financial engineering, liability modelling, and risk management. Students will develop advanced statistical and data analysis skills, culminating in a significant research project. This program also includes a valuable year in industry, offering practical experience and enhancing employability.

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 28,159.00
Second Year Fee Tuition fee
USD 28,159.00
Third Year Fee Tuition fee
USD 28,159.00
Fourth Year Fee Tuition fee
USD 28,159.00
Fifth Year Fee Tuition fee
USD 28,159.00
Total Program Cost Estimated total tuition
USD 140,799.00

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

Advertising TechnologyConsumer Finance & Credit ServicesCreative Production & Project ManagementEvent & Experiential MarketingFisheries & AquacultureFood Safety & Quality AssuranceInsurance & Risk ManagementMarket Research & InsightsRestaurant & Food ServiceWealth Management & Financial Advisory

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 with Year in Industry 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 with Year in Industry MMath at University Of Leicester

Can I work while studying?

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

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?

To meet English language requirements, you can take tests like Duolingo (score of 105), TOEFL (overall score of 80), IELTS (overall score of 6.0), or PTE (overall score of 59). Ensure you meet the required scores in all areas.

What jobs can I get after studying this course?

Potential job titles include Actuary, Risk Analyst, Pension Consultant, Insurance Underwriter, Data Analyst.

What will I actually study in this course?

This program delves deeper into actuarial practice and focuses on managing risk in pension schemes and investment identification for insurers. It enhances technical skills and prepares you for real-world financial decision-making.

When can I start — what are the intake months?

The MMath program in Mathematics and Actuarial Science has an intake month in September. Be sure to check your application deadlines for timely enrollment.
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