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 MSc in Applied Actuarial Science with Placement.

Overview of the MSc in Applied Actuarial Science with Placement

The MSc in Applied Actuarial Science with Placement is a two-year full-time program that provides students with advanced knowledge and skills in actuarial science. The program is designed to equip students with the technical expertise and professional skills required to succeed in the actuarial profession.

Key Features of the Program

• The program is accredited by the Institute and Faculty of Actuaries.
• It offers exemptions from professional examinations.
• The program includes a placement year, which provides students with valuable industry experience.
• The curriculum covers a range of topics, including core actuarial practice, specialist actuarial practice, and professional skills.

Entry Requirements

To be eligible for the program, students must have a good first degree in Actuarial Science or a related field. International students must also meet the English language requirements.

English Language Requirements

• IELTS: 6.0 with a minimum of 5.5 in each component
• PTE Academic: 63 with a minimum of 59 in each sub-test
• A degree from a UK university or a majority English-speaking country

Course Structure

The program consists of seven compulsory modules and two optional modules. The compulsory modules cover topics such as core actuarial practice, specialist actuarial practice, and professional skills. The optional modules allow students to specialize in areas such as life insurance, investment and finance, and enterprise risk management.

Compulsory Modules

• Core Actuarial Practice 1
• Core Actuarial Practice 2
• Specialist Actuarial Practice
• Introduction to PROPHET Modelling
• Professional Skills
• Modelling Practice
• Industrial Placement Experience

Optional Modules

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

Placement Year

The placement year provides students with valuable industry experience. Students must secure a placement or validate a business start-up to undertake this module.

Fees and Funding

The tuition fees for the program are:

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

Funding Opportunities

The University of Kent offers a range of scholarships and funding opportunities to support students.

Career Opportunities

The program provides students with the skills and knowledge required to succeed in the actuarial profession. Graduates have gone on to work in a range of industries, including insurance, finance, and risk management.

Professional Recognition

The program is accredited by the Institute and Faculty of Actuaries, and graduates may be eligible for exemptions from professional examinations.

Research Areas

The University of Kent has a strong research culture, and the Centre for Actuarial Science, Risk and Investment is a leading research center in the field of actuarial science.

Research Interests

The research interests of the Centre include:

• Actuarial science
• Risk management
• Investment
• Insurance
• Finance

Conclusion

The MSc in Applied Actuarial Science with Placement is a comprehensive program that provides students with advanced knowledge and skills in actuarial science. The program is designed to equip students with the technical expertise and professional skills required to succeed in the actuarial profession. With its strong research culture and industry connections, the University of Kent is an ideal institution for students looking to pursue a career in actuarial science.