Program Overview

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Introduction to the University of Kent

The University of Kent is a leading research university located in the United Kingdom. It offers a wide range of undergraduate and postgraduate programs, including the Actuarial Science with Placement MSc.

Actuarial Science with Placement MSc

The Actuarial Science with Placement MSc is a two-year program that provides students with a comprehensive understanding of actuarial science and its applications. The program is designed to equip students with the skills and knowledge required to become a talented and confident actuary.

Entry Requirements

To be eligible for the program, students must have a first or 2.1 honors degree (or equivalent) in Mathematics, Statistics, or Physics. Other subjects with a high mathematical content will be considered. Applicants holding a 2.2 honors degree (or equivalent) in any subject PLUS A Level Maths at A (or international equivalent) OR a pass in the CS1 or CM1 IFoA exams will also be considered.

Course Structure

The program consists of two stages. In Stage 1, students take nine compulsory modules, including:

• Probability and Statistics for Actuarial Science
• Financial Mathematics
• Actuarial Risk Modelling
• Financial Economics and Derivatives
• Actuarial Mathematics
• Statistical Modelling for Actuaries
• Data Modelling and Consultancy
• Corporate Finance for Actuaries
• Economics for Actuaries

In Stage 2, students take two modules:

• Industrial Placement Experience
• Industrial Placement Report

Industrial Placement

The industrial placement is a 12-month placement that takes place in the second year of the program. The placement provides students with the opportunity to apply their knowledge and skills in a real-world setting.

Accreditation

The program is accredited by the Institute and Faculty of Actuaries, and students who perform well in the program may be eligible for exemptions from certain professional exams.

Career Opportunities

The program provides students with a wide range of career opportunities in the actuarial, finance, insurance, and risk sectors. Graduates have gone on to successful careers in these fields, with average basic salaries ranging from £36,842 for student actuaries to £209,292 for Chief Actuaries.

Fees and Funding

The tuition fees for the program are:

• UK: £15,000
• EU: £24,700
• International: £24,700

The University offers a range of scholarships and funding opportunities to support students with their studies.

Research

The University of Kent has a strong research culture, and the Actuarial Science with Placement MSc is no exception. The program is taught by experienced academics who are leaders in their field, and students have the opportunity to engage with cutting-edge research in actuarial science.

Facilities and Resources

The University of Kent has a range of facilities and resources to support students with their studies, including:

• The Templeman Library, which houses a comprehensive collection of books and research periodicals
• The University's online resources and systems, which provide students with access to a range of academic and professional tools
• The Invicta Actuarial Society, which provides students with the opportunity to network with industry professionals and stay up-to-date with the latest developments in the field

Conclusion

The Actuarial Science with Placement MSc at the University of Kent is a comprehensive and challenging program that provides students with the skills and knowledge required to become a talented and confident actuary. With its strong research culture, excellent facilities and resources, and wide range of career opportunities, the program is an excellent choice for students who are looking to pursue a career in the actuarial, finance, insurance, and risk sectors.