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Universities United Kingdom University of Kent Courses Actuarial Science with an Industrial Placement MSc

Actuarial Science with an Industrial Placement MSc
at University of Kent

Kent, United Kingdom

Tuition Fee £ 24,700
Country Rank-
Duration24 Months
Score IELTS: 6.5 TOEFL: 87

Program Overview

Actuaries evaluate and manage financial risk. The Actuarial Science MSc prepares graduates from a mathematical background for a career as an actuary. No prior knowledge of actuarial science is required.

Studying actuarial science on this conversion programme is a passport to a wide variety of careers in insurance companies, investments, pensions, health care and banking – not just in the UK, but throughout the world.

Our MSc in Actuarial Science, MSc in Applied Actuarial Science and International Master’s are all fully accredited by the Institute and Faculty of Actuaries; they also provide a fast-track route to qualifying as an actuary, because students who achieve a high enough overall mark in these programmes can obtain exemptions from the professional examinations included within their studies.

As one of the few universities to offer actuarial science in the UK, Kent’s programme is recognised for its strong mix of theoretical and practical expertise. The teaching staff include many actuaries drawn from professional practice, along with specialised research.

Course Content
Modules
The following modules are indicative of those offered on this programme. This list is based on the current curriculum and may change year to year in response to new curriculum developments and innovation. Most programmes will require you to study a combination of compulsory and optional modules. You may also have the option to take modules from other programmes so that you may customise your programme and explore other subject areas that interest you.

Compulsory modules currently include
- MAST7801 - Industrial Placement Report and Presentation (30 credits)
- MAST7805 - Industrial Placement Experience (120 credits)
Optional modules may include
- MACT7009 - Financial Mathematics (15 credits)
- MACT7290 - Probability and Statistics for Actuarial Science (30 credits)
- MACT7350 - Actuarial Mathematics (30 credits)
- MACT8190 - Business Economics (15 credits)
- MACT8250 - Survival Analysis (15 credits)
- MACT8260 - Finance & Financial Reporting (15 credits)
- MACT8350 - Financial Economics and Asset and Liability Modelling (15 credits)
- MACT8370 - Mathematics of Financial Derivatives (15 credits)
- MACT8400 - Financial Modelling (15 credits)
- MAST5010 - Statistics for Insurance (15 credits)
- MAST6390 - Time Series Modelling and Simulation (15 credits)
- MAST8360 - Stochastic Processes (15 credits)
Entry Requirement
For entry to a Kent postgraduate degree programme (Master's), Indian students typically need to have completed a three or four-year undergraduate degree (Honours Bachelor degree or Professional degree) at an accredited university or college. General Bachelor degrees may sometimes be considered. Exact requirements will depend on the postgraduate degree you are applying for and the institution you have studied at.
For programmes that require a 2:1 we usually ask for a First Class degree, a final CGPA of 6.0/10, or 60%. Students from top institutions may be considered with a high Second Class degree, a final CGPA of 5.5/10, or 55%. For programmes that require a 2:2 we usually ask for a high Second Class degree, a final CGPA of 5.5/10, or 55%.

Fees & Scholarships

International Tuition Fees:

£24700 per year

Career Prospect

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.

Survey results published by the Institute and Faculty of Actuaries suggest that the average basic salary for a student actuary is £36,842 with pay and bonuses increasingly sharply as you become more experienced. The average basic salary of a Chief Actuary is £209,292.

As an actuary, your work is extremely varied and can include: advising companies on the amount of funds to set aside for employee pension payments; designing new insurance policies and setting premium rates; pricing financial derivatives and working in fund management and quantitative investment research; advising life insurance companies on he distribution of surplus funds; and estimating the effects of possible major disasters, such as earthquakes or hurricanes, and setting premium rates for insurance against such disasters. For more information about the actuarial profession

Cost Of Studying At University of Kent

Interest rates as low as 8.9% ^*

250K+

Students Assisted

800Cr+

Loan Amount Disbursed

5000+

Loans Sanctioned

Check Loan Eligibility

Actuarial Science with an Industrial Placement MSc at University of Kent