Actuarial science applies mathematical and statistical skills to problems arising in applied subjects such as commerce, government, insurance and finance in general. This is an area suitable to those who enjoyed mathematics at A-level and enjoy solving practical problems. Graduates are likely to find employment in the banking, insurance and finance sectors.
Planned for 2013 entry, our BSc Actuarial Science covers a lot of the mathematical topics offered to our first year mathematics students. These include aspects of pure and applied mathematics, statistics and some general mathematics. Topics in statistics will be covered in more detail. Mathematics will be less prevalent later in the course, particularly in your third year. There, actuarial topics will form the bulk of the curriculum. However, options in mathematics and computing will be available.
Our course forms an attractive blend of core skills essential for the actuarial profession such as solid mathematical skills, understanding of real world finance issues, as well as computing skills embedded in many modules in the form of a programming language or a package.
The special characteristics of our courses are flexibility and choice. In your first year, you usually take four or five modules that include pre-requisite(s) for your course but, in many cases, mean you can try subjects you have not come across before. If you are taking science and engineering subjects, then these options are slightly restricted because our science modules tend to rely on previous knowledge of the subject.
With a small number of exceptions, if you successfully complete the first year of your BSc, then you are qualified to enter the second year not only of that course but also of a range of other courses: for example, if you are a BSc student who takes economics, politics, philosophy and sociology in your first year, then you have a choice of at least two courses and, in some cases, as many as five. This means you can change your course, providing you have taken the appropriate pre-requisites and places are available.
We operate a credit framework for our awards, which is based on principles widely used across the UK university sector. Each module has a credit rating attached and our standard three-year course consists of 360 credits (120 credits in your first year, and 240 credits across your second and final years).
Please note that module information on our course finder provides a guide to course content and may be subject to review on an annual basis.
Further Calculus ;
Introduction to Finance; and
Introduction to Economics
Finance and Financial Reporting;
Probability and Statistics I;
Contingencies I; and
Mathematics of Portfolios;
Options and Futures; and
Please note that Mathematics Careers and Employability is a compulsory module which must be taken in all years (not including Year Abroad) but is non-credit bearing and does not contribute towards your final degree.
Universities in the United Kingdom use a centralized system of undergraduate application: University and College Admissions Service (UCAS). It is used by both domestic and international students. Students have to register on the UCAS website before applying to the university. They will find all the necessary information about the application process on this website. Some graduate courses also require registration on this website, but in most cases students have to apply directly to the university. Some universities also accept undergraduate application through Common App (the information about it could be found on universities' websites).
Both undergraduate and graduate students may receive three types of responses from the university. The first one, “unconditional offer” means that you already reached all requirements and may be admitted to the university. The second one, “conditional offer” makes your admission possible if you fulfill some criteria – for example, have good grades on final exams. The third one, “unsuccessful application” means that you, unfortunately, could not be admitted to the university of you choice.
All universities require personal statement, which should include the reasons to study in the UK and the information about personal and professional goals of the student and a transcript, which includes grades received in high school or in the previous university.
IELTS band : 6
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No work experience is required.
"The Academic Excellence Scholarship can provide up to a 50 % reduction in tuition per semester. These scholarships will be renewed if the student maintains superior academic performance during each semester of their 3-year Bachelor programme. The scholarship will be directly applied to the student’s tuition fees."
Bursary for UK students all subjects where the variable tuition fee rate is payable.
Alumni Bursary for UK Undergraduate students
* The scholarships shown on this page are suggestions first and foremost. They could be offered by other organisations than University of Essex.
For up-to-date information on funding opportunities at Essex, please visit: www.essex.ac.uk/studentfinance.