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M.Sc. On Campus

Applied Actuarial Science with an Industrial Placement (International Master's)

36 months
Duration
21200 GBP/year
Unknown
Tuition fee
Unknown
Apply date
Unknown
Start date

About

Actuaries evaluate and manage financial risk. They make financial sense of the future for their clients by applying advanced mathematical and statistical techniques to solve complex financial problems. The Applied Actuarial Science with an Industrial Placement (International Master's) programme is offered by University 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. Kent is one of a very few universities in the UK to teach the subject.

Industrial placements may be undertaken in the UK or overseas. The University does not guarantee every student will find a placement. Those who do not secure a placement will be transferred to the Applied Actuarial Science with an Industrial Placement (International Master's) programme is offered by University of Kent without a placement.

Our International Master’s programme is fully accredited by the Institute and Faculty of Actuaries. It is equivalent to the MSc in Actuarial Science followed by the one-year MSc in Applied Actuarial Science.

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 £35,936 with pay and bonuses increasingly sharply as you become more experienced. The average basic salary of a Chief Actuary is £206,236.

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

This programme aims to:

  • provide you with eligibility for subject exemptions from the Core Principle, Core Practices and Specialist Principle series of examinations of the Institute and Faculty of Actuaries. This means obtaining a thorough knowledge of core actuarial applications, developing the ability to apply this knowledge in a practical situation and gaining current knowledge and understanding of the practice of major areas in which actuaries are involved
  • develop your understanding, knowledge and awareness of current problems, much of which is at the forefront of current professional practice
  • ensure you are competent in the use of information technology, and are familiar with computers, together with the relevant software.

Key information

Duration

  • Full-time
    • 36 months

Start dates & application deadlines

More details

No fixed deadline for applications from home/EU students, but we recommend to apply as soon as possible; no later than 3 months before your start date.

Credits

180 alternative credits

Delivered

On Campus

Academic requirements

GPA admission requirements GPA
First Class

Student insurance

Make sure to cover your health, travel, and stay while studying abroad. Even global coverages can miss important items, so make sure your student insurance ticks all the following:

  • Additional medical costs (i.e. dental)
  • Repatriation, if something happens to you or your family
  • Liability
  • Home contents and baggage
  • Accidents
  • Legal aid

We partnered with Aon to provide you with the best affordable student insurance, for a carefree experience away from home.

Get your student insurance now

Start from €0.53/day, free cancellation any time.

Remember, countries and universities may have specific insurance requirements. To learn more about how student insurance work at University of Kent and/or in United Kingdom, please visit Student Insurance Portal.

Other requirements

General requirements

  • 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. 
  • This programme is for international students with a good first degree who would like to gain exemptions from subjects in the Core Principle, Core Practices and Specialist Principle Stages of the Institute and Faculty of Actuaries’ examinations.

Tuition Fee

To alway see correct tuition fees
  • International

    21200 GBP/year
    Tuition Fee
    Based on the tuition of 21200 GBP per year during 36 months.

Home and EU fees will be announced.

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.

Our partners

Applied Actuarial Science with an Industrial Placement (International Master's)
-
University of Kent

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