About this program
BSc Actuarial Science
Through developing expert abilities in mathematics and discovering how these can be applied to financial situations, you will improve your capacity to make successful financial decisions and understand how you can turn risk into opportunity.
Our BSc Finance and Mathematics course offers you modules in mathematics, accounting, economics and actuarial science. Our business-focused course equips you with the knowledge and skills that are in demand by employers, and in particular in financial markets or corporate careers that involve financial decision-making and problem-solving.
You gain a thorough grounding in both finance and mathematics, investigating topics including:
- Corporate finance
- Portfolio management
- Applying mathematical, statistical and probabilistic techniques
- Programming and computation in languages such as Matlab and R
- Micro- and macro-economics
Admission requirements
UK entry requirements
A-levels: BBB, including Mathematics or Further Mathematics.
Please note we are unable to accept A-level Use of Mathematics in place of A-level Mathematics
BTEC: DDD, only in conjunction with A-level Maths.
IB: 30 points or three Higher Level certificates with 555. Either must include Higher Level Mathematics grade 5.
We are also happy to consider a combination of separate IB Diploma Programs at both Higher and Standard Level. Exact offer levels will vary depending on the range of subjects being taken at higher and standard level, and the course applied for. Please contact the Undergraduate Admissions Office for more information.
International & EU entry requirements
We accept a wide range of qualifications from applicants studying in the EU and other countries. Get in touch with any questions you may have about the qualifications we accept. Remember to tell us about the qualifications you have already completed or are currently taking.
English language requirements
English language requirements for applicants whose first language is not English: IELTS 6.0 overall. Different requirements apply for second year entry, and specified component grades are also required for applicants who require a Student visa to study in the UK.
For more information about admission requirements, please contact the school or the inquiries team.
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Program content
Year 1
- Introduction to Finance
- Introduction to Economics
- Calculus
- Statistics I
- Matrices and Complex Numbers
- Mathematical and Computational Modelling
- Mathematics Careers and Employability
Year 2
- Quantitative Foundations of Finance
- Corporate Finance
- Portfolio Analysis
- Microeconomics (Intermediate)
- Ordinary Differential Equations
- Statistics II
- Survival Analysis
- Mathematics Careers and Employability
Final Year
- The Pricing of Securities in Financial Markets
- Mathematics of Portfolios
- Mathematics Careers and Employability
Scholarships & funding
Several scholarship options are available, please visit the university website for more information.
Program delivery
BSc Actuarial Science: 3 years
BSc Actuarial Science (Including Year Abroad): 4 years
BSc Actuarial Science (Including Placement Year): 4 years
- Teaching mainly takes the form of lectures – you study roughly two 50-minute lectures and one 50-minute class per week, per module
- Take a mathematics careers and employability module, where you compile a portfolio of skills and experience
Tuition
- Home/UK fee: £9,250
- International fee: £18,600
Career paths
As a new course, we expect our graduates of BSc Actuarial Science to become actuaries in a range of industries. It is predicted by the US Department of Labor that the employment of actuaries is expected to grow faster than any other occupation, making it a great prospect for a graduate job.
Aside from a rewarding career as an actuary, clear thinkers are required in every profession, so the successful mathematician has an extensive choice of potential careers.
About this institute
University of Essex
We are Essex: home to the ambitious and the inquisitive. We are proud to be top 39 in the Complete University Guide (2022), a past University of the Year (THE) and internationally recognised for Social Sciences. We're committed to two...
