Queens University Management School is one of the largest Schools in the University with more than 1300 full-time undergraduate students and 300 plus postgraduate students. The School has been delivering high quality programmes for more than 40 years and was one of the first schools in the UK to introduce undergraduate management education. Since then, QUMS has been developing and enhancing its teaching portfolio for both local and international students and boasts students from more than 20 different nationalities.
In recent years, the School has benefited from significant investment resulting in many new academic appointments and state-of-the-art facilities including computer teaching labs with specilaised software and a Trading Room in Riddel Hall. In addition, the new McClay library houses an excellent selection of Management and related texts and there are extensive IT facilities throughout the campus.
At Queens, we aim to deliver a high quality learning environment that embeds intellectual curiosity, innovation and best practice in learning, teaching and student support to enable student to achieve their full academic potential. In line with this, one of QUMS primary objectives is to deliver innovative learning and teaching programmes that provide students with the competences and skills to make a positive contribution to business, economic and civic life.
On the BSc Actuarial Science and Risk Management programme we achieve these goals by providing a range of learning environments which enable our students to engage with subject experts both academic staff and industry guest speakers, develop skills and attributes and perspectives that will equip them for life and work in a global society and make use of innovative technologies and a world-class library that enhances their development as independent, lifelong learners. Examples of the opportunities provided for learning on this degree programme are:
- Lectures: these introduce foundation information about new topics as a starting point for further self-directed private study/reading. As the module progresses this information becomes more complex. Lectures, which are normally delivered in large groups to all year-group peers, also provide opportunities to ask questions and seek clarification on key issues as well as gain feedback and advice on assessments. Additional lectures are also delivered by employer representatives and staff from a number of actuarial firms are involved in the delivery of workshops. In addition to the academic content of the lectures and workshops, this enables employers to impart their valuable experience to QUMS Actuarial Science students, introduces important local employers to our students and allows ourstudents to meet and engage with potential future employers.
- Seminars/tutorials: a significant amount of teaching is carried out in small groups (typically 15-20 students). These sessions are designed to explore, in more depth, the information that has been presented in the lectures. This provides students with the opportunity to engage closely with academic staff who have specialist knowledge of the topic, to ask questions of them and to assess their own progress and understanding with the support of their peers. During these classes, students will be expected to present their work to academic staff and their peers.
- Practicals: Actuarial Science is a very theoretical yet vocational subject and as such we facilitate opportunities for students to engage in the application of theory. You will have opportunities to develop technical skills and apply theoretical principles to real-life or practical contexts through the modules you study and through industry presentations and workshops that we host.
- E-Learning technologies:information associated with lectures and assignments is often communicated via a Virtual Learning Environment (VLE) called Queens Online. A range of e-learning experiences are also embedded in the degree programme through the use of, for example, interactive support materials, podcasts and web-based learning activities. There are also opportunities to develop skills in the use of industry software associated with actuarial practice.
- Self-directed study: this is an essential part of life as a Queens student when important private reading, engagement with e-learning resources, reflection on feedback to date and assignment research and preparation work is carried out.
- Work placements: The BSc Actuarial Science and Risk Management programme has a compulsory placement year with an actuarial organisation. This begins after all Level 2 modules have been successfully completed. The dedicated Placement Office within the School facilitates students in sourcing and securing appropriate placements and provides appropriate support whilst the student is with the host organisation. This is a significant learning and employability enhancement opportunity and will ensure that the theory being understood in the lecture theatre is complemented by the development of practical, transferrable skills.
- Supervised projects: As part of the continual assessment on a range of modules, you will be expected to carry out projects. You will receive support from the module coordinators who will guide you in terms of how to carry out your projects and will provide feedback to you during the write up stage.
- Student Support Systems: QUMS has an active and co-ordinated student support system to assist students in making the transition from school to university. This includes:
- assigning each student an Adviser of Studies to assist with the choice of modules at the beginning of each academic year;
- assigning each student a Personal Tutor (an academic member of staff) when they begin the degree programme. The Personal Tutoring System includes individual scheduled appointments with personal tutors, small group tutor meetings (4-5 students) and e-mail contact to discuss academic matters, academic performance, skills development, careers and/or prospective placements and issues related to University policies and practices. Students meet their Personal Tutor at induction and during the first and second year of study they are expected to meet with their Personal Tutor at least once per semester.
- A Peer Mentoring Scheme whereby students in second and third year of their degree programme volunteer to mentor Level 1 students. Developing the programme themselves, with support from academic staff in QUMS, the mentors organise informal meetings, regular contact and a series of events ranging from ice-breaker type events to employer-led sessions with the Level 1 students.
- a formalised induction for all undergraduate students. For Level 1 students, this includes several half-day sessions the week before the programme begins to allow students to familiarise themselves with the campus and the degree programme. During Level 1 there are a number of follow-up sessions throughout the year. Topics such as academic writing, referencing, plagiarism, communication skills, examination preparation and managing time effectively are all covered in these practical sessions.
- Personal Development Planning to encourage students to engage in independent l
Assessment and Feedback
Assessment (general): The way in which students are assessed will vary according to the learning objectives of each module. Details of how each module is assessed are shown in the Student Handbook which is provided to all students during their first year induction. Actuarial Science modules are typically assessed by a combination of continuous assessment and a final written unseen examination. Continuous assessment consists of tutorial submissions, short class tests, individual project work, small group projects and presentations this involves three/four students per group working on a specific task, for example, a solution to an actuarial problem.
Feedback (general): As students progress through their course at Queens they will receive general and specific feedback about their work from a variety of sources including lecturers, module co-ordinators, placement supervisors, personal tutors, advisers of study and peers. University students are expected to engage with reflective practice and to use this approach to improve the quality of their work. Feedback may be provided in a variety of forms including:
- Feedback provided via formal written comments and marks relating to work that you, as an individual or as part of a group, have submitted.
- Face to face comment. This may include occasions when you make use of the lecturers advertised office hours to help you to address a specific query.
- Placement employer comments or references.
- Online or emailed comment.
- General comments or question and answer opportunities at the end of a lecture, seminar or tutorial.
- Pre-submission advice regarding the standards you should aim for and common pitfalls to avoid. In some instances, this may be provided in the form of model answers or exemplars which you can review in your own time.
- Feedback and outcomes from practical classes.
- Comment and guidance provided by staff from specialist support services such as, Careers, Employability and Skills or the Learning Development Service.
Once you have reviewed your feedback, you will be encouraged to identify and implement further improvements to the quality of your work.
The underlying cornerstone of the Actuarial Science and Risk Management degree programme is the application of financial and statistical theories to help solve real business problems. Actuarial Science and Risk Management combines courses/modules in actuarial modelling, financial reporting, economics, finance, insurance, pensions, mathematics and statistics to develop techniques and skills to assess, evaluate and manage future financial risk and thereby address a wide range of practical problems in long-term financial planning and management. Mathematical and statistical skills, through problem solving, constructing proofs and computer application, are at the core of all actuarial work and therefore are core elements in each year of the degree
Students pursuing a career in Actuarial Science should enjoy working with numbers, be effective communicators and work well with people as they will have to analyse and interpret financial and other information to meet the needs of different users, including managers and investors.
Detailed Course FactsApplication deadline January 15 Tuition fee
- EUR 4160 Year (EEA)
- EUR 13380 Year (Non-EEA)
England, Scotland and Wales £9,000; EU £3,575; International: £11,500Start date September 2015 Duration full-time 36 months Languages Take an IELTS test
- Actuarial Mathematics
- Economics I
- Economics II
- Financial Reporting and Analysis
- Introduction to Probability and Operational Research
- Statistical Methods
- Actuarial Methods in General Insurance
- Investment Analysis
- Monetary Theory
- Mutual and Pension Fund Management
- Placement Learning Module
- Principles of Actuarial Modelling
- Actuarial Modelling
- Capital Markets
- Financial Engineering
- Fixed Income Instruments
- Stochastic Processes
- Time Series Financial Econometrics
English Language Requirements
IELTS band : 6.5
To study at this university, you have to speak English. We advice you totake an IELTS test. More About IELTS
A-levelA*AA including Mathematics
AAA + A (AS) including A-level Mathematics
- Irish Leaving CertificateAAAB2B2B2 including Higher Level grade A in Mathematics
For students whose first language is not EnglishAn IELTS score of 6.5 with a minimum of 5.5 in each test component or an equivalent qualification acceptable to the University.
No work experience is required.
- Academic Excellence Scholarship
"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."
- Access Bursary
Bursary for UK students all subjects where the variable tuition fee rate is payable.
- Alumni Bursary
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 Queen's University Belfast.
Our Actuarial Science and Risk Management degree has been accredited for subjects CT1CT8 by the Institute and Faculty of Actuaries.