Actuarial Science - MSc
University of Kent
Key Information
Campus location
Canterbury, United Kingdom
Languages
English
Study format
On-Campus
Duration
1 year
Pace
Full time
Tuition fees
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Application deadline
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Earliest start date
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Introduction
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.
Studying actuarial science on this conversion Program 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.
Admissions
Scholarships and Funding
The University of Kent has a long-standing relationship with Chevening, which has successfully placed scholars worldwide at the university for many years. Kent is proud to be a Chevening partner and offers three partner scholarships and the standard Chevening Scholarships. The University of Kent welcomes applications from all Chevening-eligible countries for any one-year taught master’s degree starting in September 2024, based at our UK campuses. Find out how to apply.
We have several scholarships for students starting a postgraduate course in September 2024 at one of our UK campuses. Check if you are eligible to apply and get more information on our scholarship's web pages.
Here are Scholarships that might be of particular interest:
- British Council GREAT Scholarship: China, Ghana, Greece, India, Kenya, Thailand, Turkey (link: https://www.kent.ac.uk/scholarships/search/FNADBCG0601)
- International Scholarships for Taught Masters students (International) (link: https://www.kent.ac.uk/scholarships/search/FNADINMASA02)
- Kent Law School LLM Global Welcome Scholarship (Canterbury) (International) (link: https://www.kent.ac.uk/scholarships/search/FNADGLOWEL01)
- MBA Woman in Leadership Scholarship (Home & International) (link: https://www.kent.ac.uk/scholarships/search/FN35WILS0002)
Curriculum
Stage 1
Compulsory modules
- Financial Mathematics
- Probability and Statistics for Actuarial Science
- Actuarial Mathematics
- Business Economics
- Survival Analysis
- Finance & Financial Reporting
- Financial Economics and Asset and Liability Modelling
- Mathematics of Financial Derivatives
- Financial Modelling
- Statistics for Insurance
- Time Series Modelling and Simulation
- Stochastic Processes
Program Outcome
Accreditation
Our MSc in Actuarial Science, MSc in Applied Actuarial Science and International Master’s are all fully accredited by the Institute and Faculty of Actuaries; they also provide a fast-track route to qualifying as an actuary, because students who achieve a high enough overall mark in these Programs 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 Program 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.
Depending on the modules chosen, MSc in Actuarial Science students may be eligible to gain exemptions from subjects CB1, CB2, CM1, CM2, CS1 and CS2 of the Institute and Faculty of Actuaries
Program Tuition Fee
Career Opportunities
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.
Our graduates have gone on to successful careers in the actuarial, finance, insurance and risk sectors.