Bachelor's Degree in Mathematics with Actuarial Science
University of Southampton
Program description
Bachelor's Degree in Mathematics with Actuarial Science
Actuaries are the world’s financial architects and engineers. Their expertise is vital to the management of pension funds, general insurance companies and investment by financial institutions. On this course you’ll learn how to tackle the uncertainties of future events using mathematics, probability and statistics to create models and simulations. This degree will provide you with the technical skills needed for a career as an actuary.
The BSc Mathematics with Actuarial Science degree combines a program of maths with key topics from economics, finance and actuarial science. You’ll investigate the applications of mathematics in a variety of contexts.
As part of this course you’ll:
- develop analytical and problem-solving skills, alongside expertise in the statistical analysis of risk
- specialise in statistics and actuarial science
- use our student centre, a dedicated learning and social space for maths students
- use mathematical and computational packages such as Python and the statistics package R
You’ll be taught through a combination of lectures and workshops by leading researchers in statistical modelling and experts in actuarial and financial mathematics.
This degree is accredited by the Institute and Faculty of Actuaries (IFoA). You'll be eligible for 6 exemptions from the core principles:
- Actuarial Statistics (CS1 and CS2)
- Actuarial Mathematics (CM1 and CM2)
- Business Finance and Economics (CB1 and CB2)
Admission requirements
A-levels
AAA or AABB including Mathematics (minimum grade A)
International Baccalaureate Diploma
Pass, with 36 points overall with 18 at Higher Level, including 6 points at Higher Level Mathematics: Analysis and Approaches (preferred mathematics module) at Higher Level Mathematics
BTEC
- D in the BTEC Subsidiary Diploma plus AA from two A levels including Mathematics (minimum grade A)
- DD in the BTEC Diploma plus A in A-level Mathematics
- DDD in the BTEC Extended Diploma
Other requirements
GCSE requirements
Applicants must hold GCSE English language (or GCSE English) (minimum grade 4/C)
International Students
English language requirements
If English isn't your first language, you'll need to complete an International English Language Testing System (IELTS) to demonstrate your competence in English.
For more information about admission requirements, please visit the university website.
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Learn moreProgram content
Year 1
You must study the following modules in year 1:
- Calculus
- First Year Mathematics Workshop
- Introduction to Probability and Statistics
- Linear Algebra I
- Linear Algebra II
- Multivariable Calculus
- Operational Research I and Mathematical Computing
You must also choose from the following modules in year 1:
- Dynamics and Relativity
- Foundations of Microeconomics
- Number Theory
- Principles of Macroeconomics
- Principles of Microeconomics
Year 2
You must study the following modules in year 2:
- Analysis
- Financial Mathematics
- Partial Differential Equations
- Statistical Distribution Theory
- Statistical Modelling I
You must also choose from the following modules in year 2:
- Accounting and Finance for Non-Specialists
- Econometrics with Big Data
- Microeconomics of Markets
- Portfolio Theory and Financial Markets
- Stochastic Processes
Year 3
- Mathematics Project
You must also choose from the following modules in year 3:
- Actuarial Mathematics I
- Actuarial Mathematics II
- Advanced Partial Differential Equations
- Algebraic Topology
- Complex Analysis
- Design and Analysis of Experiments
- Econometrics with Big Data
- Further Number Theory
- Futures and Options
- Graph Theory
- Hilbert Spaces
- Integral Transform Methods
- International Banking
- Mathematical Biology
- Mathematical Finance
- Mathematical Programming
- Microeconomics of Markets
- Numerical Methods
- Optimization
- Portfolio Theory and Financial Markets
- Principles of Finance
- Project Management
- Relativity, Black Holes and Cosmology
- Statistical Inference
- Statistical Methods in Insurance
- Statistical Modelling II
- Structure and Dynamics of Networks
- Survival Models
Scholarships & funding
Several scholarship options are available. Please check the university website for more information.
Tuition fees
- UK, Channel Island, Isle of Man and Irish students: £9,250 per year.
- EU and International students: £18,520 per year.
Qualification
- Final award: Bachelor of Science with Honours (BSc (Hons))
- Name of Award: Mathematics with Actuarial Science
- Interim Exit awards:
- Diploma of Higher Education (DipHE)
- Certificate of Higher Education (CertHE)
- FHEQ level of final award: Level 6
Career opportunities
An essential part of our maths courses involves making sure you're ready for a successful postgraduate career or further study. You’ll graduate with transferable skills that will qualify you to work in a range of fields and industries. Your year abroad will also help you stand out to future employers.
Our maths graduates have gone on to work as:
- actuaries and actuarial analysts
- economists
- statisticians
- teachers
- programrs
- software developers
- accountants
- business analysts
- financial analysts
- financial managers
Contact school
About this institute
University of Southampton
The University of Southampton is a top 100 global University with a top 15 UK University place. We are a founding member of the prestigious Russell Group, as demonstrated by our research intensity. We have a wonderful global community, with...
Why study at University of Southampton
The University of Southampton is a welcoming and close knit student community of roughly 22,000 students. We have an international student population which makes up just under 30% of our student body which is wonderful. With 98% of our graduates going into work or further study 6 months after graduation, we offer the chance to study at a world leading Russell Group University whilst safe in the knowledge you will be well on your way to succeeding your chosen career.
Contact info
University of Southampton
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