Tuition Fee
GBP 26,350
Per year
Start Date
Medium of studying
Duration
36 months
Program Facts
Program Details
Degree
Bachelors
Major
Actuarial Science | Probability Theory | Statistics
Area of study
Mathematics and Statistics
Timing
Full time
Course Language
English
Tuition Fee
Average International Tuition Fee
GBP 26,350
Intakes
| Program start date | Application deadline |
| 2024-09-01 | - |
About Program
Program Overview
Queen Mary University of London's Actuarial Science BSc (Hons) equips students with the mathematical expertise and industry knowledge to become successful actuaries. Accredited by the Institute and Faculty of Actuaries, the program offers exemptions from key professional exams and emphasizes practical application through industry-led teaching and placement opportunities. Graduates are well-prepared for careers in actuarial analysis, consulting, and data science.
Program Outline
Actuarial Science BSc (Hons) at Queen Mary University of London
Degree Overview:
Program Objectives:
- Equip students with the mathematical expertise, specialist knowledge and drive to become successful actuaries.
- Provide a strong foundation in mathematics, probability theory, actuarial and financial mathematics, and business economics, preparing students to excel in their chosen career path.
- Offer exemptions from up to six of the seven Core Principles examinations of the Institute and Faculty of Actuaries (IFoA), facilitating a faster path to professional qualification.
Description:
This accredited Actuarial Science BSc course at Queen Mary University of London offers students the opportunity to delve into the fascinating world of statistics, risk assessment and prediction. Led by experienced industry professionals and researchers, this program emphasizes practical application, allowing students to hone their analytical skills and gain valuable insights into the world of actuarial science.
Program Highlights:
- Accredited by the Institute and Faculty of Actuaries (IFoA), providing exemptions from key professional exams.
- Taught by industry experts and research-active academics.
- Offers a strong balance of theory and practical applications.
- Provides excellent career preparation through dedicated placement and career support services.
Outline:
Structure:
This Actuarial Science program can be completed in either three or four years, depending on individual preferences and career goals. Students can choose to extend their studies by including a professional placement or a year abroad.
Modules:
Year 0 (Foundation Year):
- Essential Foundation Mathematics
- Communication in Science & Technology
- Mathematics B
- Physics - Mechanics and Materials (optional)
- Computing (optional)
Year 1:
- Actuarial Professional Development
- Applied Calculus
- Applied Probability and Statistics
- Economics for Business Management
- Numbers, Sets and Functions
- Programming in Python I
- Vectors and Matrices
Year 2:
- Actuarial Mathematics I
- Actuarial Mathematics II
- Actuarial Professional Development II
- Actuarial Statistics
- Applied Linear Algebra
- Corporate Financial Reporting
- Probability and Statistics II
- Statistical Modelling I
- Statistics for Insurance
Year 3:
- Corporate Financial Management
- Financial Mathematics I
- Actuarial Professional Development III
Electives:
- Actuarial Financial Engineering
- Bayesian Statistical Methods
- Complex Networks
- Introduction to Machine Learning
- Mathematical Tools for Asset Management
- Numerical Computing with C and C++
- Partial Differential Equations
- Random Processes
- Survival Models
- Time Series
Year 4 (Optional):
- Professional placement in the financial sector
- Year abroad at a partner university
Assessment:
Students are assessed through a variety of methods, including:
- Examinations (typically accounting for at least 90% of a module's grade)
- Coursework
- Practical tasks
- Presentations
- Tests
Teaching:
Teaching Methods:
- Lectures
- Tutorials
- Exercise classes
- Computer labs
Faculty:
- The program is taught by experienced professionals with industry and academic expertise.
- Guest lecturers from the actuarial field provide students with first-hand insights into the industry.
Additional Features:
- The School of Mathematical Sciences has recently invested in creating a modern and collaborative learning environment for students and staff.
- The program offers various opportunities for networking and career development through professional talks and industry events.
Careers:
Graduates from this Actuarial Science program are equipped with a strong foundation for a successful career in the actuarial field and beyond. Potential career options include:
- Actuarial analyst
- Auditor
- Actuarial consultant
- Data science consultant
Career Support:
- The School of Mathematical Sciences provides dedicated career support services, including networking opportunities and career events.
- The program offers internship and placement opportunities, helping students gain valuable experience and build professional connections.
- The Queen Mary careers team offers personalized career consultations, assisting students in identifying career paths, finding job opportunities and preparing for the job market.
Other:
- Students who have completed the Access to Higher Education Diploma in a Physics or Mathematics-related field are also eligible to apply for the program.
Home fees:
£9,250
Overseas fees:
£26,350
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About University
Queen Mary University of London
Overview:
Queen Mary University of London is a public research university located in London, England. It is a member of the prestigious Russell Group of leading UK universities. Queen Mary is known for its strong research output, particularly in the fields of medicine, science, and humanities.
Services Offered:
Queen Mary offers a wide range of services to its students, including:
Accommodation:
Affordable accommodation options on or near the university's campuses in Mile End, Whitechapel, and Charterhouse Square.Careers and Enterprise:
Support for students in their career development, including job search assistance, internships, and networking opportunities.Library:
Extensive library resources, including books, journals, databases, and online resources.Student Life:
A vibrant student life with numerous clubs, societies, and events.International Student Support:
Dedicated support for international students, including visa advice, immigration guidance, and cultural integration programs.Student Life and Campus Experience:
Queen Mary provides a welcoming and inclusive environment for students from over 160 countries. Students can expect:
Global Community:
A diverse and international student body, fostering a rich cultural exchange.Campus Life:
A safe and secure campus environment with a range of facilities, including sports centers, cafes, and student spaces.London Advantage:
The opportunity to study in one of the world's most exciting and dynamic cities.Key Reasons to Study There:
Research Excellence:
Queen Mary is ranked highly for its research quality, offering students access to cutting-edge research and opportunities to work alongside leading academics.Diverse Academic Programs:
A wide range of undergraduate and postgraduate programs across various disciplines, including medicine, science, engineering, humanities, and social sciences.Global Reputation:
Queen Mary's strong reputation as a leading university attracts students and employers worldwide.London Location:
The university's location in London provides students with access to world-class cultural attractions, museums, theaters, and employment opportunities.Academic Programs:
Queen Mary offers a comprehensive range of academic programs, including:
Undergraduate Programs:
A wide variety of undergraduate degrees across various disciplines.Postgraduate Programs:
Taught and research postgraduate programs, including Master's degrees and PhDs.Online Programs:
Flexible online learning options for students who prefer distance learning.Other:
- Queen Mary is committed to sustainability and has implemented various initiatives to reduce its environmental impact.
- The university has a strong focus on equality, diversity, and inclusion, creating a welcoming and supportive environment for all students.
- Queen Mary has a rich history and is associated with several notable alumni, including Nobel laureates and prominent figures in various fields.
Total programs
603
Average ranking globally
#138
Average ranking in the country
#16
Admission Requirements
Entry Requirements:
Actuarial Science - BSc (Hons)
A-Level:
- Grades AAA at A-Level. This must include grade A or above in A-Level Mathematics.
- Excludes General Studies.
IB:
- International Baccalaureate Diploma with a minimum of 36 points overall, including 6,6,6 from three Higher Level subjects.
- This must include Mathematics at Higher Level.
Access to Higher Education:
- Applications are considered from students with the Access to Higher Education Diploma in a Physics or Mathematics based discipline.
- The minimum academic requirement is to achieve 60 credits overall, with 45 credits at Level 3, of which 30 credits must be at Distinction and 15 credits at Merit or higher.
- Applications are considered on a case by case basis.
GCSE:
- Minimum five GCSE passes including English and Maths at grade C or 4.
Contextualised Admissions:
- Standard contextual offer: Grades ABB including A in Maths at A-Level. Excludes General Studies, Critical Thinking.
- Enhanced contextual offer: (for care experienced students, refugee/asylum seekers or students who have completed Realising Opportunities or Access to Queen Mary): Grades BBB including B in Maths at A-Level. Excludes General Studies, Critical Thinking.
Mathematics with Foundation - BSc (Hons)
A-Level:
- Grades BBC at A-Level. This must include A-Level Mathematics.
IB:
- International Baccalaureate Diploma with a minimum of 28 points overall, including 5,4,4 from three Higher Level subjects.
- This must include Mathematics at Higher Level.
GCSE:
- Minimum five GCSE passes including English at grade C or 4 and Maths at grade B or 5.
Contextualised Admissions:
- Each application is considered on its individual merits and considers individual educational experiences and context.
Actuarial Science with Professional Placement - BSc (Hons)
A-Level:
- Grades AAA at A-Level. This must include grade A or above in A-Level Mathematics.
- Excludes General Studies.
IB:
- International Baccalaureate Diploma with a minimum of 36 points overall, including 6,6,6 from three Higher Level subjects.
- This must include Mathematics at Higher Level.
Access to Higher Education:
- Applications are considered from students with the Access to Higher Education Diploma in a Physics or Mathematics based discipline.
- The minimum academic requirement is to achieve 60 credits overall, with 45 credits at Level 3, of which 30 credits must be at Distinction and 15 credits at Merit or higher.
- Applications are considered on a case by case basis.
GCSE:
- Minimum five GCSE passes including English at grade C or 4.
Contextualised Admissions:
- Standard contextual offer: Grades ABB including A in Maths at A-Level. Excludes General Studies, Critical Thinking.
- Enhanced contextual offer: (for care experienced students, refugee/asylum seekers or students who have completed Realising Opportunities or Access to Queen Mary): Grades BBB including B in Maths at A-Level. Excludes General Studies, Critical Thinking.
Actuarial Science with Year Abroad - BSc (Hons)
A-Level:
- Grades AAA at A-Level. This must include grade A or above in A-Level Mathematics.
- Excludes General Studies.
IB:
- International Baccalaureate Diploma with a minimum of 36 points overall, including 6,6,6 from three Higher Level subjects.
- This must include Mathematics at Higher Level.
Access to Higher Education:
- Applications are considered from students with the Access to Higher Education Diploma in a Physics or Mathematics based discipline.
- The minimum academic requirement is to achieve 60 credits overall, with 45 credits at Level 3, of which 30 credits must be at Distinction and 15 credits at Merit or higher.
- Applications are considered on a case by case basis.
GCSE:
- Minimum five GCSE passes including English and Maths at grade C or 4.
Contextualised Admissions:
- Standard contextual offer: Grades ABB including A in Maths at A-Level. Excludes General Studies, Critical Thinking.
- Enhanced contextual offer: (for care experienced students, refugee/asylum seekers or students who have completed Realising Opportunities or Access to Queen Mary): Grades BBB including B in Maths at A-Level. Excludes General Studies, Critical Thinking.
Location
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