Actuarial Science University of Strathclyde

Overview

The Actuarial Science course at the University of Strathclyde is an innovative cross-faculty alliance between the Strathclyde Business School and the Faculty of Science.

The course is designed so that students who have a strong aptitude for mathematics and statistics, but who have not studied these topics in detail in their undergraduate degree, can learn the necessary skills to move into the financial industry. Therefore the first semester provides foundation classes in statistics, mathematics, finance and economics that require no previous background in these topics.

Careers

The increasing accessibility of healthcare and changes to insurance regulation are driving high demand for actuaries and, once qualified, actuaries are able to work anywhere in the world.

Graduates of this course wishing to pursue a career as an actuary will typically work at an insurance company or at a consultancy.

Most graduates enter the profession by joining a company as an actuarial trainee or risk analyst at the same time as studying for professional exams.

Most trainees begin their careers in the financial services industry, particularly in the traditional employment areas of insurance and pensions.

Actuaries typically work in the following areas:

• banking

• corporate finance

• investment management

• life, healthcare and general insurance

• pensions

Accreditation

Accredited by the Institute and Faculty of Actuaries (IFoA); Accreditation By Subject Agreement for IFoA subjects CS1 and CB2.