Program Overview

Overview of the University of Kent

The University of Kent is a leading research university that offers a wide range of undergraduate and postgraduate courses. The university has a strong focus on research excellence and has risen 11 places in THE's REF 2021 ranking.

Applied Actuarial Science with Placement (Integrated Master's) MSc

The Applied Actuarial Science with Placement (Integrated Master's) MSc is a three-year full-time course that provides students with a comprehensive education in actuarial science. The course is fully accredited by the Institute and Faculty of Actuaries and offers exemptions from professional examinations.

Key Information

• Study mode: Full-time only
• Duration: 3 years
• Start date: September
• Location: Canterbury

Course Structure

The course is based on a 'core modules plus options' structure and exemptions can be gained from professional examinations. The final MSc degree classification is based solely on the marks achieved in the second year of study.

Modules

The course includes a range of compulsory and optional 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
• Core Actuarial Practice 1
• Core Actuarial Practice 2
• Specialist Actuarial Practice
• Introduction to PROPHET Modelling
• Professional Skills
• Modelling Practice
• Industrial Placement Experience
• Industrial Placement Report

Optional Modules

• Life Insurance
• Investment and Finance
• General Insurance Reserving and Capital Modelling
• General Insurance Pricing
• Enterprise Risk Management

Accreditation

The course is fully accredited by the Institute and Faculty of Actuaries. Students who achieve a high enough overall mark can obtain exemptions from professional examinations.

Career Prospects

The UK Actuarial Profession is small, but influential and well rewarded. There are more than 6,500 actuaries currently employed in the UK, the majority of whom work in insurance companies and consultancy practices. The average basic salary for a student actuary is £35,936, with pay and bonuses increasing sharply as you become more experienced.

Fees and Funding

The 2025/26 annual tuition fees for this course are:

• For details of when and how to pay fees and charges, please see the Student Finance Guide.
• Tuition fees may be increased in the second and subsequent years of the course.
• Detailed information on possible future increases in tuition fees is contained in the Tuition Fees Increase Policy.

Additional Costs

• You'll need regular access to a desktop computer/laptop with an internet connection to use the University of Kent's online resources and systems.
• Find out more about student accommodation and living costs, as well as general additional costs that you may pay when studying at Kent.

Funding

• Search the scholarships finder for possible funding opportunities.
• You may find it helpful to look at both University and external funds, as well as scholarships specific to the academic school delivering this programme.

Entry Requirements

• A first or 2.1 honours degree (or equivalent) in Mathematics, Statistics or Physics.
• Other subjects with a high mathematical content will be considered.
• Applicants holding a 2.2 honours 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.
• All applicants are considered on an individual basis and additional qualifications, professional qualifications and relevant experience may also be taken into account when considering applications.

English Language Entry Requirements

• This course requires a Good level of English language, equivalent to B2 on CEFR.
• Details on how to meet this requirement can be found on the English Language requirements webpage.

International Students

• Please see the International Student website for entry requirements by country and other relevant information.
• Due to visa restrictions, students who require a student visa to study cannot study part-time unless undertaking a distance or blended-learning programme with no on-campus provision.