Economics and Actuarial Science

Economics and Actuarial Science at the University of East Anglia offers students a comprehensive and rigorous education that combines the core principles of economic theory with the specialized mathematical and statistical skills required for actuarial work. This innovative program is designed to prepare graduates for a wide range of careers in finance, insurance, consulting, and public policy, providing a solid foundation in quantitative analysis, economic modeling, and risk assessment. Throughout the course, students will engage with a diverse curriculum that covers microeconomics, macroeconomics, econometrics, financial markets, and the principles of actuarial science, including probability, statistics, and financial mathematics. The program emphasizes the development of analytical and problem-solving skills, ensuring students are equipped to interpret complex data, make informed decisions, and communicate findings effectively. Students will benefit from state-of-the-art facilities, experienced faculty, and strong industry links that offer opportunities for internships and practical experience. The degree also offers pathways toward professional accreditation with actuarial bodies, enhancing employability and career advancement prospects. With a balance of theoretical knowledge and practical application, graduates will be well-prepared to meet the challenges of a dynamic economic environment and to contribute meaningfully to the fields of economics and actuarial science. The program encourages critical thinking, ethical considerations, and innovative approaches, fostering graduates who are ready to excel in their professional lives and make a positive impact on society.

The Economics and Actuarial Science program at the University of East Anglia offers students a comprehensive education that combines core principles of economics with advanced training in actuarial methods and financial risk assessment. Throughout the course, students explore a wide range of topics including microeconomics, macroeconomics, econometrics, and financial mathematics, equipping them with a solid foundational understanding of economic theory and its practical applications. The program emphasizes analytical skills, quantitative methods, and problem-solving techniques essential for careers in finance, insurance, and consultancy sectors.

Students will undertake modules in probability theory, statistical analysis, and actuarial modelling, preparing them for professional exams recognized by leading actuarial bodies. The program also encourages the development of critical thinking and data interpretation skills through case studies, projects, and real-world financial data analysis. In addition to theoretical knowledge, students gain practical experience through internships and industry placements, fostering connections with leading financial organizations and actuarial firms.

The curriculum is designed to meet the evolving needs of the financial industry, ensuring graduates are well-equipped to excel in competitive environments. Students will learn about financial regulations, investment principles, and the ethical considerations facing actuaries and economists today. The program aims to produce versatile graduates capable of working in a variety of roles such as risk analysts, financial consultants, and economic advisors.

Innovative teaching methods, including lectures, seminars, and computer-based labs, support an engaging learning environment. The university also provides access to advanced statistical software and economic modelling tools, allowing students to apply their skills in realistic scenarios. By graduation, students will have developed a deep understanding of economic and actuarial principles, along with the analytical and technical skills necessary for professional success.

Ultimately, the Economics and Actuarial Science program at UEA prepares students for a rewarding career in a dynamic, global industry, ensuring they are ready to meet the challenges of tomorrow's financial landscape with confidence and expertise.

Admission requirements typically include A-levels with a minimum of BBC or equivalent qualifications. Applicants are expected to demonstrate proficiency in Mathematics at grade B or above, reflecting the quantitative nature of the programmes. For International Baccalaureate students, a score of 30 points or higher is usually necessary, with particular emphasis on Mathematics Higher Level. Applicants may also need to provide a personal statement outlining their interest in Economics or Actuarial Science, as well as relevant work experience or extracurricular activities that demonstrate analytical and mathematical skills. English language proficiency is required for non-native speakers, with IELTS scores of at least 6.5 overall, including no less than 6.0 in each component. While prior knowledge of economics or actuarial topics is not mandatory, applicants with prior coursework or interests in these fields may have an advantage. The university considers all aspects of an applicant’s profile during the admissions process, including academic achievement and motivation. In addition to academic requirements, applicants should ensure they meet the university's specific entry criteria outlined on the official admissions portal. International applicants might also need to adhere to visa regulations and provide evidence of financial sustainability. Our selection process emphasizes not only academic credentials but also a demonstration of commitment to and enthusiasm for the disciplines of Economics or Actuarial Science. The program is designed to attract motivated students with strong quantitative skills and a keen interest in understanding economic systems, financial mathematics, and statistical modelling. Once admitted, students are expected to complete prerequisite modules in mathematics and economics to ensure they are well-prepared for the core modules of the degree. For joint honours programmes, specific combinations of modules from both disciplines are required, while single honours programmes focus more deeply on the chosen subject area. The university also offers foundation years for students who meet the academic criteria but need additional preparation in mathematics or related subjects to succeed in the degree. These foundation pathways are designed to bridge gaps in subject knowledge and provide a solid starting point for competitive students seeking to pursue Economics or Actuarial Science at UEA.

Financing for the Economics and Actuarial Science programs at the University of East Anglia is supported through a variety of funding options, including UK government-funded scholarships, university-specific bursaries, regional grants, and financial aid packages. The university offers a range of scholarships aimed at both domestic and international students, which can significantly offset tuition fees and living expenses. For UK students, maintenance grants and loans are available via the Student Loans Company, enabling them to cover living costs throughout their studies. International students may be eligible for scholarships such as the International Excellence Scholarships, which are awarded based on academic merit and can reduce tuition fees.

The university also provides information about external funding sources, such as government grants and private bursaries, which students are encouraged to explore to enhance their financial support. Students often combine these financial resources with part-time employment opportunities on and around the campus to supplement their income during their studies. The university's Careers Service offers advice on part-time work options and internships that can provide relevant experience and financial assistance.

Tuition fees for the programs vary depending on the student's domicile status. UK and EU students benefit from government-regulated fee levels, while international students typically pay higher fees. The university provides clear guidance on fee structures and the payment schedule, including options for installment payments.

Funding for specific modules or research projects, particularly at the postgraduate level, can sometimes be accessed through research councils, industry partnerships, or university-initiated grants. The university actively encourages applications for these additional funding streams, especially for students pursuing specialized research within Economics or Actuarial Science.

Overall, the University of East Anglia is committed to supporting students financially through a range of scholarships, grants, and work opportunities, enabling access to high-quality education in Economics and Actuarial Science. Prospective students are advised to regularly check the university's official website for updates on available funding and application deadlines.

The BSc Economics and Actuarial Science program at the University of East Anglia is a rigorous undergraduate course designed to provide students with a comprehensive understanding of economic theories and their practical applications, alongside specialized training in actuarial science. This degree aims to equip students with the analytical skills necessary for a career in finance, insurance, and other sectors requiring quantitative expertise. The program combines core modules in microeconomics, macroeconomics, econometrics, and financial mathematics with specialized actuarial modules covering subjects such as risk management, pension theory, and insurance mathematics. Students will develop proficiency in data analysis, statistical modeling, and computational methods essential for modern economic and actuarial practice. The curriculum is structured to ensure that graduates meet the educational requirements for professional actuarial qualification by bodies such as the Institute and Faculty of Actuaries (IFoA). In addition to theoretical knowledge, the program emphasizes practical experience through workshops, case studies, and placements, aiming to prepare students for employment immediately after graduation. The faculty members are experts in their fields, and the university offers excellent facilities including dedicated computer labs and access to statistical software. The university also fosters a vibrant student community with societies and networking opportunities that support personal and professional development. Graduates of this program are well-positioned for careers in banking, insurance, financial consultancy, and risk management, or they may choose to pursue further postgraduate studies in economics or actuarial science. The program is accredited by relevant professional bodies, ensuring that the qualification is recognized globally and meets industry standards. Overall, the BSc Economics and Actuarial Science at UEA is ideal for students interested in quantitative disciplines and aiming to develop a deep understanding of economic principles integrated with the specialized skills required for actuarial professions.