Actuarial Sciences (with a Year in Industry)

Study mode:On campus Study type:Full-time Languages: English
Local:$ 10.6 k / Year(s) Foreign:$ 14.4 k / Year(s) Deadline: Jan 15, 2024
200 place StudyQA ranking:1807 Duration:48 months You need IELTS certificate

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Description

The BSc Actuarial Sciences with a year in industry programme allows you to spend a year in industry, giving you the chance to gain relevant work experience and to apply the theory you will learn to practical use in a professional environment. The course is aimed at students who wish to become professional actuaries, and who are passionate about mathematics, economics and problem solving.

Our multidisciplinary programme covers interrelating subjects on current issues in Mathematics, Computing, Finance and Business. Teaching combines the expertise of the School of Computing Sciences, School of Mathematics and the Norwich Business School alongside the expertise of practicing actuaries from Aviva, made possible through our strong links with industry.

The teaching programme is designed to develop your mathematical, financial and statistical knowledge, as well as encouraging you to pursue specialist interests in business or computing. The course also gives you the opportunity to gain exemptions from the first eight professional examinations set by the UK Actuarial Profession (CT1-CT8). Furthermore, you may use the experience gained during your year in industry to count towards the work based skills requirement for becoming a Fellow of the Institute and Faculty of Actuaries.

Career opportunities

Students successfully completing the course should have no trouble in finding a well-paid position as an actuary in the UK insurance sector, though they could also pursue a career in Business Statistics or Management. Actuaries are always in demand, are very highly regarded and can command positions of responsibility in all business sectors.

Detailed Course Facts

Application deadline January 15 Tuition fee
  • EUR 10560 Year (EEA)
  • EUR 14430 Year (Non-EEA)

Home/EU £9,000; International £12,300

Start date September 2015 Credits (ECTS) 240 ECTS
Duration full-time 48 months Languages Take an IELTS test
  • English
Delivery mode On Campus Educational variant Full-time Intensity Flexible

Course Content

This three year course will begin by developing your knowledge in areas including mathematics, computing, economics and business. This continues into your second year, as you also begin to pursue your own specialist interests through an optional module. Your third year will be spent in industry, gaining experience relating to the actuary profession. Specialisation continues in your final year, alongside core modules designed to strengthen your mathematical knowledge and familiarise you with professional actuarial practice.

First Year

Compulsory modules in the first year provide you with a clear understanding of areas including mathematics, computing, business and problem solving skills. You will receive teaching from a variety of departments that will build upon and develop your pre-existing knowledge, with modules including ‘Mathematics For Actuaries’ that will begin to develop your awareness and understanding of actuary practice.

Second Year

In the second year of your degree you will be introduced to specific actuarial themes and taught about business and economics in the actuarial profession. There is also an opportunity for you to begin developing your own specialist interests by taking an optional module in economics, business or computing.

Third Year (Year in Industry)

In your third year you will take part in an industrial placement from 9-14 months of full time employment. The placements are sourced and secured by you (with help from UEA), and you will be paying a reduced tuition rate and potentially receiving a wage. Throughout the work placement you will keep in close contact with an assigned mentor at UEA, who will also visit you at least once during the year. You will also be supported by an industrial supervisor.

Final Year

Academic development continues into your final year, where you will be able to focus on developing your advance knowledge of statistics, mathematics and professional actuarial practise.

English Language Requirements

IELTS band : 6 TOEFL iBT® test : 78

To study at this university, you have to speak English. We advice you to

take an IELTS test. More About IELTS

Requirements

  • A Level: AAA-AAB (including A in Maths)
  • International Baccalaureate: 34-33 points overall inc. HL Mathematics at Grade 7
  • Scottish Highers: AAAAA-AAABB (including Maths)
  • Scottish Advanced Highers: AAA-AAB (including Maths)
  • Irish Leaving Certificate: AAAAAA-AAAABB (including Maths)
  • Access Course: See below
  • European Baccalaureate: 85-80% overall (including Maths)

Students for whom English is a Foreign language

We welcome applications from students from all academic backgrounds. We require evidence of proficiency in English (including writing, speaking, listening and reading). Recognised English Language qualifications include:

  • IELTS: 6. overall (minimum 5.5 in any component)
  • TOEFL: Internet-based score of 78 overall (minimum 20 in Speaking component, 17 in Writing and Listening components and 18 in Reading components.
  • PTE: 55 overall (minimum 51 in any component).

If you do not meet the University's entry requirements, our INTO Language Learning Centre offers a range of university preparation courses to help you develop the high level of academic and English skills necessary for successful undergraduate study.

Interviews

Applicants submitting UCAS applications that include a good personal statement and academic reference will be asked to attend a selection interview at the University. Selection interviews are normally quite informal and generally cover topics such as your current studies, reasons for choosing the course and your personal interests and extra-curricular activities. If an applicant is located overseas we will arrange a telephone interview.

Gap Year

We welcome applications from students who have already taken or intend to take a gap year, believing that a year between school and university can be of substantial benefit. You are advised to indicate your reason for wishing to defer entry and may wish to contact the appropriate Admissions Office directly to discuss this further.

Special Entry Requirements

Grade A in A Level Mathematics or equivalent.

Intakes

The School's annual intake is in September of each year.

Alternative Qualifications

We encourage you to apply if you have alternative qualifications equivalent to our stated entry requirement. Please contact us for further information.

Pass the Access to HE Diploma with Distinction in 45 credits at Level 3, including 12 Level 3 credits in Mathematics.

GCSE Offer

Students are required to have Mathematics and English Language at minimum of Grade B.

Work Experience

No work experience is required.

Related Scholarships*

  • 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 University of East Anglia.

Funding

The University offers around £1 million of Scholarships each year to support International students in their studies. Scholarships are normally awarded to students on the basis of academic merit and are usually for the duration of the period of study.

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