BSc Mathematics & Actuarial Science with Year in Industry Featured Image

Universities United Kingdom University of Leicester Courses BSc Mathematics & Actuarial Science with Year in Industry

BSc Mathematics & Actuarial Science with Year in Industry
at University of Leicester

Leicester, United Kingdom

Tuition Fee £ 21,750
Country Rank-
Duration48 Months
Score IELTS: 6 TOEFL: 80

Program Overview

This Mathematics and Actuarial Science BSc combines two important, related subjects.

Actuarial science is the study of risk and uncertainty, usually of a financial and long-term nature. Professionals who work in this industry are called actuaries, and it’s a career that’s regularly voted as a top three choice in job rankings. The strong intellectual challenges combined with the expected financial rewards make this a highly sought-after profession.

Mathematics is one of the most fascinating and intellectually challenging subjects you can study. The School of Mathematics and Actuarial Science at the University of Leicester is home to an enthusiastic group of mathematicians, both staff and students.

On this course you will become comfortable with data and with its manipulation. You will also develop great team working skills and persuasive communication techniques. Crucially, you will be in a position to know why you are in an organisation and what you can contribute.

Completing this degree can lead to you obtaining exemptions from the first tier of the Institute and Faculty of Actuaries' exams, alongside a wide range of related skills which will enable you to add value in many areas for your future employers.

Leicester has fully embedded the Institute and Faculty of Actuaries' Curriculum 2019 syllabus into our Actuarial courses. This means we integrate more business-focused knowledge and skills, such as data science and predictive analytics, as well as focusing more keenly on the development of personal and professional competencies. With the added benefit of an optional year in industry, this will help you become more work-ready in a competitive environment.

Course Content
Year 1

Modules
- Calculus and Analysis (double module)
- Linear Algebra (double module)
- Probability
- Introductory Statistics
- Business Microeconomics
- Business Macroeconomics
At the end of Year 1 it may be possible to transfer to the BSc in Mathematics (or the four-year MMath).

Modules shown represent choices available to current students. The range of modules available and the content of any individual module may change in future years.

Year 2

Modules
- Actuarial Modelling 1
- Actuarial Modelling 2
- Markov Processes
- Survival Models
- Statistical Distributions and Inference
- Statistical Data Analysis
- Actuarial Professional Skills and Employability
- Business Finance
Modules shown represent choices available to current students. The range of modules available and the content of any individual module may change in future years.

Year in Industry (optional)

If you want to, you can take a year out between Years 2 and 3 to work in an industrial placement (provided you meet set criteria). Or you can opt to continue studying at the University and complete your degree in three years.

NB. A year spent on an industrial placement still incurs a tuition fee, but this is much lower than for a normal year at Leicester. See our Fees and Funding section for details.

You will undertake a programme of training and practical experience that is agreed between the sponsoring company and the University. A member of staff will be individually assigned to you as your industrial placement tutor, who will be in regular contact with you throughout your placement and will visit the sponsoring company.

A year in industry is a great opportunity which can give you first-hand experience of working in a mathematics-related career while also enhancing your employability skills and allowing you to network with people in industry.

Modules shown represent choices available to current students. The range of modules available and the content of any individual module may change in future years.

Year 3

Core modules
- Financial Mathematics
- Mathematical Portfolio Theory
- Liability Modelling
Option modules
Choose two option modules from:
- Operational Research
- Readings in Actuarial Science
- The Management and Shaping of Innovation
Then choose one option module from:
- Generalised Linear Models
- Data Mining and Neural Networks
- Communicating Mathematics
- Advanced Investment Management
Plus your Actuarial Mathematics Project (double module).

Modules shown represent choices available to current students. The range of modules available and the content of any individual module may change in future years.
Entry Requirement
If you have completed the standard XII awarded by the CISCE/CBSE, or another recognised state exam board, with at least 75% overall, you may be considered for admission to a first year Bachelors degree. For many courses at the University of Leicester, you will need 80% overall or higher, along with higher individual marks of 85% in relevant subjects.
If you are studying A-levels or the International Baccalaureate (IB) then you can begin from the first year of a Bachelors degree.
If you have already completed the first year of an undergraduate degree at an Indian university, you may be considered for entry to the first or second year of a Bachelors degree if you have studied relevant subjects and/or modules.

Fees & Scholarships

International Tuition Fees:

£21750 per year

Career Prospect

You will be well-placed to work in the worlds of insurance, pensions, healthcare, banking, business management and risk assessment. You will be equipped with mathematical and statistical knowledge and problem-solving skills to help businesses and institutions evaluate the long-term financial implications of the decisions they make.

We aim to develop graduates who:

are comfortable with data and manipulating it
have great team working skills
can communicate persuasively in speech and writing
know why they are in an organisation and what they can contribute

We also support your employability through:

dedicated employability advisers within the careers team, who understand the markets you are applying to
weekly employability sessions with qualified actuaries reviewing applications and giving advice based on industry experience
regular Actuarial Society events attracting actuarial and other financial employers to the campus to meet students
a professional skills and employability module

Cost Of Studying At University of Leicester

Interest rates as low as 8.9% ^*

250K+

Students Assisted

800Cr+

Loan Amount Disbursed

5000+

Loans Sanctioned

Check Loan Eligibility

BSc Mathematics & Actuarial Science with Year in Industry at University of Leicester