Program Overview

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BSc (Hons) Actuarial Science

Develop mathematical models to manage the financial impact of risk and uncertainty

Overview

Year of entry: 2026/27

• UCAS code: NG31
• Institution code: Y50
• Start date: September 2026
• Length: 3 years full-time (plus optional placement year)
• Typical offer: AAA
• Full entry requirements:
  • A levels: AAA including Mathematics
  • BTEC National Extended Diploma: DDD plus A in A Level Mathematics
  • European Baccalaureate: 85% average, including 85% in Mathematics
  • International Baccalaureate: 36 points including Higher Level 6 in Maths
  • T levels: We are currently not accepting T Levels for this course unless an additional A Level (or equivalent qualification) in Mathematics has been taken.
  • Scottish Highers / Advanced Highers: Advanced Highers - A in Mathematics plus Scottish Highers - BBBB
  • International foundation programme: Foundation Certificate from our International Pathway College or an appropriate alternative.
  • Other international qualifications: Equivalent qualifications from your country
• School/department: School for Business and Society
• UK (home) fees: £9,535
• International and EU fees: £27,500

Course Content

This course will equip you with knowledge and understanding of the concepts, theories and models of actuarial science.

• You'll study mathematical concepts such as probability theory and statistics, as well as business economics, accounting and corporate finance.
• You'll learn to use data to model uncertain future events and improve your analytical skills through rigorous mathematical reasoning.

Year 1

Year 1 covers skills and knowledge which you'll use and build on throughout your degree. You'll learn about some key financial and economic concepts and develop your core mathematical skills.

• Core modules:
  • Foundations and Calculus
  • Introduction to Probability and Statistics
  • Introduction to Accounting
  • Multivariable Calculus and Matrices
  • Business Economics
  • Finance Fundamentals
• Academic integrity module:
  • define academic integrity and academic misconduct
  • explain why and when you should reference source material and other people's work
  • provide interactive exercises to help you to assess whether you've understood the concepts
  • provide answers to FAQs and links to useful resources.

Year 2

In your second year you'll continue to develop your mathematical skills in probability and statistics. We'll introduce you to some key actuarial concepts and a variety of actuarial modelling techniques.

• Core modules:
  • Probability and Markov Chains
  • Actuarial Mathematics
  • Corporate Finance
  • Statistical Inference and Linear Models
  • Actuarial Modelling
  • Financial Modelling with R
• You can choose to add a placement in industry before your final year.

Year 3

In your final year you'll learn advanced methods of statistical analysis and explore more sophisticated mathematical approaches to modeling financial and actuarial processes.

• Core modules:
  • Decision Theory and Bayesian Statistics
  • Further Statistics for Actuarial Science
  • Contingencies
  • Mathematical Finance in Discrete Time
  • Mathematical Finance in Continuous Time
• Option modules:
  • Sustainability and Business
  • Auditing
  • Company Law
  • Cyber Security for Managers
  • Real Options Valuation
  • Managing Diversity
  • Time Series
  • Operations Research
  • Behavioural Finance
  • Strategic Management of Risk

Accreditation

This course is professionally accredited by the Institute and Faculty of Actuaries. This is a mark of our course's quality and guarantees its relevance to the actuarial profession. Successfully completing this course will take you part of the way to qualification as a professional actuary.

Fees and Funding

• Annual tuition fees:
  • UK (home): £9,535
  • International and EU: £27,500
• Fees for subsequent years:
  • UK (home) fees may increase within the government fee cap in subsequent academic years.
  • International fees are subject to increase in subsequent years in line with the prevailing Consumer Price Index (CPI) inflation rate (up to a maximum of 10%).
• Additional costs: You may find it useful to buy textbooks, and for some modules this may be required. Textbooks usually cost around £30 - £60 each.
• Funding:
  • UK government loans
  • UK scholarships and bursaries
  • International scholarships
  • Country-specific funding
  • US loans
• Living costs: You can use our living costs guide to help plan your budget. It covers additional costs that are not included in your tuition fee such as expenses for accommodation and study materials.

Teaching and Assessment

You’ll study and learn with academics who are active researchers, experts in their field and have a passion for their subjects. Our approach to teaching will provide you with the knowledge, opportunities, and support you need to grow and succeed in a global workplace.

• Teaching format:
  • Lectures
  • Small-group seminars
  • Problem classes
  • Activity-based workshops
  • Directed independent study
  • Group projects
  • Individual projects
• Assessment and feedback: You will be assessed largely by closed examination, alongside a mixture of weekly problem sets, essays and projects.

Careers and Skills

This course provides a combination of high-level mathematical skills and cutting edge financial and business theory which is sought after by employers all over the world.

• Career opportunities: Actuarial science graduates work in a wide range of roles related to finance, investment, risk, pensions and insurance. Many progress to actuarial trainee positions at firms such as Mercer, Willis Towers Watson, EY, RSA, MS Amlin, Deloitte and PwC.
• Transferable skills:
  • Critical thinking and analysis
  • Problem solving
  • Numeracy and data analysis
  • Mathematical reasoning
  • Time management
  • Communication, presentation and reporting to specialist and non-specialist audiences

Entry Requirements

• Qualification:
  • A levels: AAA including Mathematics
  • BTEC National Extended Diploma: DDD plus A in A Level Mathematics
  • European Baccalaureate: 85% average, including 85% in Mathematics
  • International Baccalaureate: 36 points including Higher Level 6 in Maths
  • T levels: We are currently not accepting T Levels for this course unless an additional A Level (or equivalent qualification) in Mathematics has been taken.
  • Scottish Highers / Advanced Highers: Advanced Highers - A in Mathematics plus Scottish Highers - BBBB
  • International foundation programme: Foundation Certificate from our International Pathway College or an appropriate alternative.
  • Other international qualifications: Equivalent qualifications from your country
• Alternative offers:
  • Widening participation: ABC including A in Mathematics
  • Contextual offer: ABB including A in Mathematics
  • EPQ: If you achieve B or higher in the EPQ, you may be eligible for an alternative offer up to one A level grade (or equivalent) below our typical offer.
• English language:
  • IELTS (Academic): 6.5, with a minimum of 6.0 in each component
  • IB English: A score of 4 in English A or 5 in English B (Higher Level or Standard Level)
  • Cambridge CEFR: 176, with a minimum of 169 in each component
  • Oxford ELLT: 7, with a minimum of 6 in each component
  • Oxford Test of English Advanced: 136, with a minimum of 126 in each component
  • Duolingo: Integrated subscores: 120 overall, with a minimum of 105 in each component
  • GCSE/IGCSE/O level English Language (as a first or second language): Grade C / Grade 4
  • LanguageCert SELT: B2 with a minimum score of 33/50 in each component
  • LanguageCert Academic: B2 with a minimum score of 33/50 in each component
  • Kaplan Test of English Language: 478 Main Flight score with 444 in each component
  • Skills for English: B2: Merit overall, with Pass with Merit in each component
  • PTE Academic: 61, with a minimum of 55 in each component
  • TOEFL: 87 overall, with a minimum of 21 in each component
  • Trinity ISE III: Merit in all components
  • Other English language qualifications: We also accept other English Language qualifications, including various school-leaving certificates.