Applied Actuarial Science, M.Sc. | University of Kent | Canterbury, United Kingdom
12 months
Duration
21200 GBP/year
13900 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 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.

The Applied Actuarial Science 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
  • General Insurance Reserving and Capital Modelling

Key information

Duration

  • Full-time
    • 12 months

Start dates & application deadlines

More details
  • There is no fixed application deadline for applications from home/EU students, though we strongly recommend you apply as soon as possible.

Credits

180 alternative credits

Delivered

On Campus

Academic requirements

GPA admission requirements GPA
First Class

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/year
    Tuition Fee
    Based on the tuition of 21200 GBP per year during 12 months.
  • National

    13900 GBP/year
    Tuition Fee
    Based on the tuition of 13900 GBP per year during 12 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.

Our partners

Applied Actuarial Science
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University of Kent
Applied Actuarial Science
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University of Kent

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