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Featured byUniversity of Kent
Overview
Qualifying as an actuary is a passport to a wide variety of careers in insurance companies, investments, pensions, health care and banking – not just in the UK, but throughout the world.
The Applied Actuarial Science with an Industrial Placement programme from University of Kent is available as a full-time (one-year) programme and is suitable for those who have completed a first degree, postgraduate diploma or our MSc in Actuarial Science, or those who have studied the majority of the earlier subjects in the Core Principles Stage. Students who achieve a high enough overall mark in our programmes can obtain exemptions from the professional examinations included within their studies.
As one of the few universities to offer actuarial science in the UK, Kent’s programme is recognised for its strong mix of theoretical and practical expertise. The teaching staff include many actuaries drawn from professional practice, along with specialised researchers.
Careers
The UK Actuarial Profession is small, but influential and well rewarded. There are more than 6,500 actuaries currently employed in the UK, the majority of whom work in insurance companies and consultancy practices.
Survey results published by the Institute and Faculty of Actuaries suggest that the average basic salary for a student actuary is £36,842 with pay and bonuses increasingly sharply as you become more experienced. The average basic salary of a Chief Actuary is £209,292.
As an actuary, your work is extremely varied and can include: advising companies on the amount of funds to set aside for employee pension payments; designing new insurance policies and setting premium rates; pricing financial derivatives and working in fund management and quantitative investment research; advising life insurance companies on he distribution of surplus funds; and estimating the effects of possible major disasters, such as earthquakes or hurricanes, and setting premium rates for insurance against such disasters.
Programme Structure
Courses include:
- Actuarial Risk Management
- Communications
- Enterprise Risk Management
- Life Insurance
- Finance and Investment
- Derivative Securities
Key information
Duration
- Full-time
- 24 months
Start dates & application deadlines
- Starting
- Apply before , International
-
More details
There is no fixed application deadline for applications from home/EU students, though we strongly recommend you apply as soon as possible.
Language
English
IELTS 6.5
TOEFL® IBT 90
Credits
180 alternative credits
Delivered
On Campus
Disciplines
Accounting Financial Mathematics Actuarial Science View 106 other Masters in Actuarial Science in United KingdomAcademic requirements
GPA First Class
English requirements
IELTS 6.5
TOEFL® IBT 90
Other requirements
General requirements
- A good first degree in Actuarial Science, or a degree that covers all or most of the Core Principles Stage subjects of the Institute and Faculty of Actuaries’ examinations. We may also accept applicants who have a good first degree in another subject and who have passed most of the Core Principles Stage subjects.
- All applicants are considered on an individual basis and additional qualifications, professional qualifications and relevant experience may also be taken into account when considering applications.
Tuition Fee
To alway see correct tuition fees
-
International
21200 GBP/yearTuition FeeBased on the tuition of 21200 GBP per year during 24 months. -
National
13900 GBP/yearTuition FeeBased on the tuition of 13900 GBP per year during 24 months.
EU - £15900
Living costs for Canterbury
660 - 1140 GBP /month
Living costs
The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.
Funding
Studyportals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.
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