Mathematics and Actuarial Science BSc

University Of Leicester, United Kingdom

mathematics-and-actuarial-science-bsc

Next enrollment cycle

January 2022

See all cycles

First Year Course Fee

USD 24,081

Course Accredited By

IFoA

  • 3 Years
  • On Campus
  • Undergraduate
  • Degree
This Mathematics and Actuarial Science BSc combines two important, related subjects.
Actuarial science is the study of risk and uncertainty, usually of a financial and long-term nature. Professionals who work in this industry are called actuaries, and it’s a career that’s regularly voted as a top three choice in job rankings. The strong intellectual challenges combined with the expected financial rewards make this a highly sought-after profession.
  • Mathematics is one of the most fascinating and intellectually challenging subjects you can study. The School of Mathematics and Actuarial Science at the University of Leicester is home to an enthusiastic group of mathematicians, both staff and students.
  • On this course you will become comfortable with data and with its manipulation. You will also develop great team working skills and persuasive communication techniques. Crucially, you will be in a position to know why you are in an organisation and what you can contribute.
  • Completing this degree can lead to you obtaining exemptions from the first tier of the Institute and Faculty of Actuaries' exams, alongside a wide range of related skills which will enable you to add value in many areas for your future employers.
  • Leicester has fully embedded the Institute and Faculty of Actuaries' Curriculum 2019 syllabus into our Actuarial courses. This means we integrate more business-focused knowledge and skills, such as data science and predictive analytics, as well as focusing more keenly on the development of personal and professional competencies. With the added benefit of an optional year in industry, this will help you become more work-ready in a competitive environment.

Enrollment Cycles

  • January 2022

Entry requirements

  • A/AS-levels: AAB-ABB including Maths. Two AS-levels considered in place of one A-level
    EPQ with A-levels: ABB-BBB EPQ at grade B. A-level subjects to include Maths.
    Access to HE Diploma: Pass Diploma with a minimum of 45 credits at level 3, 30 of which must be at Distinction. Plus A-level Maths at grade A-B. We may consider substantial Level 3 Maths Access credits in place of A-level Maths. Please contact Admissions regarding eligibility
    International Baccalaureate: Pass Diploma with 30 points including 5 points in Maths at HL.
    BTEC Nationals: Pass Extended Diploma with D*DD plus A-level Maths at Grade A-B. Please contact Admissions regarding eligibility
  • Other national and international qualifications considered.
  • If you do not meet the entry requirements for this course, you can apply for:
  • International Foundation Year – Engineering and Technology run by the Global Study Centre.
  • This course is for international students whose academic and/or English results fall just below those required for direct entry to year one of the degree.
  • Mathematics with Foundation Year BSc run by the School of Mathematics and Actuarial Science. This course is for all students whose academic and/or English results fall just below those required for direct entry to year one of the degree.

Selection Process

  • When considering your application, we will look for evidence that you will be able to fulfil the objectives of the course and achieve the standards required. We will take into account a range of factors including previous exam results.
  • Applicants are not normally interviewed. If you receive an offer you will be invited to visit the School.

English Language Requirements

  • IELTS 6.0 or equivalent. If your first language is not English, you may need to provide evidence of your English language ability. If you do not yet meet our requirements, our English Language Teaching Unit (ELTU) offers a range of courses to help you to improve your English to the necessary standard.

Year 1

Modules

  • Calculus and Analysis (double module)
  • Linear Algebra (double module)
  • Probability
  • Introductory Statistics
  • Business Microeconomics
  • Business Macroeconomics
  • At the end of Year 1 it may be possible to transfer to the BSc in Mathematics (or the four-year MMath).

Year 2

Modules

  • Actuarial Modelling 1
  • Actuarial Modelling 2
  • Markov Processes
  • Survival Models
  • Statistical Distributions and Inference
  • Statistical Data Analysis
  • Actuarial Professional Skills and Employability
  • Business Finance

Year 3

Core modules

  • Financial Mathematics
  • Mathematical Portfolio Theory
  • Liability Modelling

Option modules

  • Choose two option modules from:
  • Operational Research
  • Readings in Actuarial Science
  • The Management and Shaping of Innovation

Then choose one option module from:

  • Generalised Linear Models
  • Data Mining and Neural Networks
  • Communicating Mathematics
  • Behavioural Finance and Investment Strategies
  • Plus your Actuarial Mathematics Project (double module).

Year in Industry (optional)

  • If you want to, you can take a year out between Years 2 and 3 to work in an industrial placement (provided you meet set criteria). Or you can opt to continue studying at the University and complete your degree in three years.
  • UK and EU Students 
  • Starting in 2021 
  • The University of Leicester has made the decision to keep fees for EU students at the same level as UK student fees for this year, despite this no longer being a UK Government requirement. £9,250 in your first year. 
  • Tuition fees are subject to government regulations and may change in future years Year in Industry: your fee will be 15% of the full-time tuition fee that applies in that year If you are resident outside the UK and the Republic of Ireland, you will need to pay a deposit of £2,000 to secure your place. This will be subtracted from your total tuition fee. 
  • Additional costs Additional costs for 2021/22 are yet to be confirmed but, as an indication, the following was the case for students who started in 2020/21: Please note that you will need to buy a Casio FX83GT calculator (approximately £6). This is not included in your tuition fee.

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