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Masters Degrees (Actuarial Mathematics)

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The Financial and Actuarial Mathematics MSc incorporates all mathematical techniques, knowledge and skills required for careers in modern actuary. Read more
The Financial and Actuarial Mathematics MSc incorporates all mathematical techniques, knowledge and skills required for careers in modern actuary.

This cutting edge MSc programme is oriented towards students who want to receive a high-profile education in quantitative finance and actuarial science. The MSc will equip you with the mathematical, financial and computational skills needed to quantify and manage risk effectively in today’s finance, investment and insurance industries.

Graduates of this program are qualified to assess and solve problems in the financial and actuarial industry, to analyse and develop sophisticated mathematical models as well as to implement them in practice.


Programme Structure

Semester 1
•Stochastic Modelling in Insurance and Finance (15 credits)
•Finance and Financial Reporting (15 credits)
•Statistical Methods in Insurance and Finance (15 credits)
•Mathematical Risk Theory (15 credits)


Semester 2
•Computational Methods in Finance (15 credits)
•Interest Rate Theory (15 credits)
•Life Contingencies (15 credits)
•Quantitative Risk Management (15 credits)

Semester 3
•Dissertation (60 credits)


Careers

Actuarial Science is a growing subject area with good career opportunities within insurance companies, banks and
consultancy. This programme is designed to prepare you for a career as a quantitative analyst or an actuary, combining financial and actuarial mathematics with statistical techniques and business topics. Our MSc prepares students to be professionals who use mathematical models to analyse and solve financial problems under uncertainty. Upon successful completion of the MSc you will be ideally equipped to work in investment banks, pension or investment funds, hedge funds, consultancy and auditing firms or government regulators. Where possible, summer projects will be designed in cooperation with industry partners, offering opportunities for students to further pursue a career as an actuary in insurance, reinsurance, risk management or asset-liabilities management as well

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If you want to study for a mathematics-related MSc course but don’t meet the full academic entry requirements, this programme will equip you with the mathematical knowledge and skills you need, specialising in financial and actuarial mathematics. Read more

If you want to study for a mathematics-related MSc course but don’t meet the full academic entry requirements, this programme will equip you with the mathematical knowledge and skills you need, specialising in financial and actuarial mathematics.

You’ll choose from a range of undergraduate modules offered in the School of Mathematics and Leeds University Business School, building a programme which fills the gaps in your knowledge and prepares you for postgraduate study in actuarial and financial mathematics. If you complete the GradDip and meet the required performance standard, you’ll be eligible to apply for a number of related MSc courses in the next academic year.

You could develop your understanding of corporate finance, survival analysis, financial statistics and many others in a supportive and stimulating research environment.

Course content

The programme is highly flexible and there are no compulsory modules, meaning you can build your own programme of study that suits your interests as well as the MSc programme you want to study after the GradDip. Your choices will be checked and approved by the Programme Leader, who might also suggest different choices according to your background.

Around half of the total number of credits you study should come from level 3 modules, including no more than one project module. You’ll need to pass at least 100 credits – including at least 60 credits at level 3 – and have an overall average of at least 40 to graduate with the GradDip.

For more information on typical modules, read Financial and Actuarial Mathematics GradDip in the course catalogue

Learning and teaching

The flexibility of this programme means that you can choose from modules that use a wide range of teaching and learning methods. These could include example classes, practicals, lectures, seminars, workshops and tutorials among many others.

However, independent study is another vital element of the programme which allows you to develop your skills and prepare for taught sessions.

Assessment

You’ll also come across a variety of assessment methods which could include exams as well as problem sheets, essays, practicals, class tests and other forms of coursework.

Career opportunities

The GradDip is a stepping stone to a postgraduate qualification. If you complete the programme successfully, you’ll be eligible for entry onto a number of related MSc programmes in the following academic year.

Mathematicians can choose from a wide range of career options in diverse employment sectors, from software development and system modelling to finance, risk management and general and management positions in sectors such as manufacturing and retail.

Once you’ve completed a postgraduate qualification, you may be able to benefit from new opportunities at more senior levels, or even prepare for further research at PhD level.

Careers support

We encourage you to prepare for your career from day one. That’s one of the reasons Leeds graduates are so sought after by employers.

The Careers Centre and staff in your faculty provide a range of help and advice to help you plan your career and make well-informed decisions along the way, even after you graduate. Find out more at the Careers website.



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The Master of Actuarial Practice at Bond University is a five-semester degree that provides those with an undergraduate degree in an alternative field the opportunity to complete all actuarial Part I and Part II subjects. Read more

The Master of Actuarial Practice at Bond University is a five-semester degree that provides those with an undergraduate degree in an alternative field the opportunity to complete all actuarial Part I and Part II subjects. In addition, you will have the opportunity to undertake a specialisation. The recommended specialisation is Big Data, however students also have the option to choose any other Bond Business School specialisation. This 92-week program contains a 20-week thesis component in the final semester designed to support learning, personal development and professional practice. Bond Actuarial graduates are thus very well placed in the job market and the skills are highly transferable between countries. Any completed relatable undergraduate program will also gain you up to 40 credit points towards the Master of Accounting program. 

Bond is the only university in Queensland to offer the fully accredited program by the Actuaries Institute.

About the program

Provisionally accredited by the Actuaries Institute, the Master of Actuarial Practice is an innovative and immersive program that combines advanced mathematics, statistics, data analytics, actuarial risk theory, finance, economics and accounting with large-scale, real-life commercial data analysis to develop techniques for the management of risk and business decision making. An integral part of this degree is the development of research skills and actuarial judgement through the Actuarial Control Cycle subjects and the Actuarial Research Thesis subject.

The Master of Actuarial Practice will deliver smaller classes for personalised attention and unparalleled access to Bond University's Macquarie Trading Room and Bloomberg data-sourcing terminals. The program will develop skills in the challenge of handling ‘big data’ to create practical solutions for real world problems. 

Professional outcomes

The Master of of Actuarial Practice will prepare students for rewarding careers in a range of disciplines, including:

  • Climatology
  • Consulting
  • Data Analytics
  • E-Commerce
  • Economics
  • Finance
  • Health
  • Insurance
  • Infrastructure
  • Research
  • Risk Management
  • Safety
  • Science
  • Statistics
  • Superannuation
  • Technology

Structure and subjects

Master of Actuarial Practice students must complete the following eleven subjects:

Plus the following four professional subjects:

Plus five approved elective subjects.

or

One of the postgraduate specialisations plus one elective subject.

Students may also choose one of the following opportunities to use your elective subject to have an international experience or an Internship opportunity provided you meet the requirements. Please discuss with the Enrolment and Student Engagement Officer in the Student Business Centre.  

  • Study Tour
  • The Study Tour requires approval from the Faculty. (Please note that Additional Costs are associated with this subject).
  • Business Internship
  • The Internship requires a GPA credit average and requires approval from the Faculty with an application to the Career Development Centre.
  • Special Topic
  • The Special Topic is only available in exceptional circumstances and requires Program Director's approval.

Specialisations

Complete four subjects from one of the following specialisations:




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Visit our website for more information on fees, scholarships, postgraduate loans and other funding options to study Mathematics at Swansea University - 'Welsh University of the Year 2017' (Times and Sunday Times Good University Guide 2017). Read more

Visit our website for more information on fees, scholarships, postgraduate loans and other funding options to study Mathematics at Swansea University - 'Welsh University of the Year 2017' (Times and Sunday Times Good University Guide 2017).

The MSc Mathematics course has been designed for students who wish to build on their BSc, extending their range of mathematics expertise across a broader spread of topics, and demonstrating their literature research skills through an extended dissertation.

Such a qualification will mark graduates out as having a broader and deeper understanding of mathematics, and the skills required to pursue a significant project with a high level of independence, presenting their results in a written report. This will give MSc Mathematics graduates an edge in the ever more competitive jobs market.

On the Mathematics course you will study different elements of mathematics in a broad sense - including mathematical elements of computing if desired - in addition to developing your research, project management, and written communication skills through a project you will undertake. As a student of MSc in Mathematics, you will be fully supported to ensure that your project further develops an excellent foundation for your future career plans.

Modules

Modules on the MSc Mathematics include:

• Algebraic coding theory

• Biomathematics

• Black-Scholes theory

• Data science

• Differential geometry

• Fourier analysis

• Ito calculus

• Lie theory

• Numerical analysis

• Partial differential equations

• Stochastic processes

• Statistical mechanics

• Topology

Please visit our website for a full description of modules for the MSc Mathematics.

On top of the Mathematics modules you study, you will also complete a dissertation as part of your studies.

Facilities

The Aubrey Truman Reading Room, located in the centre of the Department of Mathematics, houses the departmental library and computers for student use. It is a popular venue for students to work independently on the regular example sheets set by their lecturers, and to discuss Mathematics together.

Our main university library, Information Services and Systems (ISS), contains a notably extensive collection of Mathematics books.

Mathematics students will benefit from the £31m Computational Foundry for computer and mathematical sciences which will provide the most up-to-date and high quality teaching facilities featuring world-leading experimental set-ups, devices and prototypes to accelerate innovation and ensure students will be ready for exciting and successful careers. (From September 2018)

Careers

The ability to think rationally and to process data clearly and accurately are highly valued by employers. Mathematics graduates earn on average 50% more than most other graduates. The most popular areas are the actuarial profession, the financial sector, IT, computer programming and systems administration, and opportunities within business and industry where employers need mathematicians for research and development, statistically analysis, marketing and sales.

Some of our Mathematics students have been employed by AXA, BA, Deutsche Bank, Shell Research, Health Authorities and Local Government. Teaching is another area where Mathematics graduates will find plenty of career opportunities.

Research

The results of the Research Excellence Framework (REF) 2014 show that our research environment (how the Department supports research staff and students) and the impact of our research (its value to society) were both judged to be 100% world leading or internationally excellent.

All academic staff in Mathematics are active researchers and the department has a thriving research culture.

http://www.swansea.ac.uk/postgraduate/taught/science/mscmathematics/

Student Profile

"Further to my studies at Swansea University as a Master of Science graduate in Financial Mathematics, I am currently working at Deutsche Bank in London as part of the Structured Financial Services team providing client services for corporate lending and debt portfolios. The complex nature of the Mathematics course has helped me become a logical decision maker and a highly skilled problem solver. These transferable skills are very useful in the world of Finance since the role is highly challenging working towards deadlines and structured transaction targets. My studies at Swansea University have also enriched me with leadership, motivational skills and have enhanced my communication skills. I work in a close team of 10 people within a large department which encourages a culture that strives towards learning and effective teamwork. I thoroughly enjoyed my time at Swansea University and cherish the many fond memories. I am so pleased to be expanding my horizon within a major financial centre."

Rhian Ivey, BSc Mathematics, MSc Mathematics and Computing for Finance



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Studying Mathematics at postgraduate level gives you a chance to begin your own research, develop your own creativity and be part of a long tradition of people investigating analytic, geometric and algebraic ideas. Read more
Studying Mathematics at postgraduate level gives you a chance to begin your own research, develop your own creativity and be part of a long tradition of people investigating analytic, geometric and algebraic ideas.

If your mathematical background is insufficient for direct entry to the MSc in Mathematics and its Applications, you may apply for this course. The first year of this Master's programme gives you a strong background in mathematics, equivalent to the Graduate Diploma in Mathematics, with second year studies following the MSc in Mathematics and its Applications.

Visit the website https://www.kent.ac.uk/courses/postgraduate/148/international-masters-in-mathematics-and-its-applications

About the School of Mathematics, Statistics and Actuarial Science (SMSAS)

The School has a strong reputation for world-class research and a well-established system of support and training, with a high level of contact between staff and research students. Postgraduate students develop analytical, communication and research skills. Developing computational skills and applying them to mathematical problems forms a significant part of the postgraduate training in the School.

The Mathematics Group at Kent ranked highly in the most recent Research Assessment Exercise. With 100% of the Applied Mathematics Group submitted, all research outputs were judged to be of international quality and 12.5% was rated 4*. For the Pure Mathematics Group, a large proportion of the outputs demonstrated international excellence.

The Mathematics Group also has an excellent track record of winning research grants from the Engineering and Physical Sciences Research Council (EPSRC), the Royal Society, the EU, the London Mathematical Society and the Leverhulme Trust.

Course structure

At least one modern application of mathematics is studied in-depth by each student. Mathematical computing and open-ended project work forms an integral part of the learning experience. You strengthen your grounding in the subject and gain a sound grasp of the wider relevance and application of mathematics.

There are opportunities for outreach and engagement with the public on mathematics.

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.

MA552 - Analysis (15 credits)
MA553 - Linear Algebra (15 credits)
MA588 - Mathematical Techniques and Differential Equations (15 credits)
MA591 - Nonlinear Systems and Mathematical Biology (15 credits)
MA593 - Topics in Modern Applied Mathematics (30 credits)
MA549 - Discrete Mathematics (15 credits)
MA572 - Complex Analysis (15 credits)
MA563 - Calculus of Variations (15 credits)
MA587 - Numerical Solution of Differential Equations (15 credits)
MA577 - Elements of Abstract Analysis (15 credits)
MA576 - Groups and Representations (15 credits)
MA574 - Polynomials in Several Variables (15 credits)
MA961 - Mathematical Inquiry and Communication (30 credits)
MA962 - Geometric Integration (15 credits)
MA964 - Applied Algebraic Topology (15 credits)
MA965 - Symmetries, Groups and Invariants (15 credits)
MA968 - Mathematics and Music (15 credits)
MA969 - Applied Differential Geometry (15 credits)
MA970 - Nonlinear Analysis and Optimisation (15 credits)
MA971 - Introduction to Functional Analysis (15 credits)
MA972 - Algebraic Curves in Nature (15 credits)
MA973 - Basic Differential Algebra (15 credits)
CB600 - Games and Networks (15 credits)
MA562 - Nonlinear Waves and Solitons (15 credits)
MA960 - Dissertation (60 credits)

Assessment

Closed book examinations, take-home problem assignments and computer lab assignments (depending on the module).

Programme aims

This programme aims to:

- provide a Master’s level mathematical education of excellent quality, informed by research and scholarship

- provide an opportunity to enhance your mathematical creativity, problem-solving skills and advanced computational skills

- provide an opportunity for you to enhance your oral communication, project design and basic research skills

- provide an opportunity for you to experience and engage with a creative, research-active professional mathematical environment

- produce graduates of value to the region and nation by offering you opportunities to learn about mathematics in the context of its application.

Study support

Postgraduate resources
The University’s Templeman Library houses a comprehensive collection of books and research periodicals. Online access to a wide variety of journals is available through services such as ScienceDirect and SpringerLink. The School has licences for major numerical and computer algebra software packages. Postgraduates are provided with computers in shared offices in the School. The School has two dedicated terminal rooms for taught postgraduate students to use for lectures and self-study.

Support
The School has a well-established system of support and training, with a high level of contact between staff and research students. There are two weekly seminar series: The Mathematics Colloquium at Kent attracts international speakers discussing recent advances in their subject; the Friday seminar series features in-house speakers and visitors talking about their latest work. These are supplemented by weekly discussion groups. The School is a member of the EPSRC-funded London Taught Course Centre for PhD students in the mathematical sciences, and students can participate in the courses and workshops offered by the Centre. The School offers conference grants to enable research students to present their work at national and international conferences.

Dynamic publishing culture
Staff publish regularly and widely in journals, conference proceedings and books. Among others, they have recently contributed to: Advances in Mathematics; Algebra and Representation Theory; Journal of Physics A; Journal of Symbolic Computations; Journal of Topology and Analysis. Details of recently published books can be found within the staff research interests section.

Global Skills Award
All students registered for a taught Master's programme are eligible to apply for a place on our Global Skills Award Programme (http://www.kent.ac.uk/graduateschool/skills/programmes/gsa.html). The programme is designed to broaden your understanding of global issues and current affairs as well as to develop personal skills which will enhance your employability.

Careers

A postgraduate degree in Mathematics is a flexible and valuable qualification that gives you a competitive advantage in a wide range of mathematically oriented careers. Our programmes enable you to develop the skills and capabilities that employers are looking for including problem-solving, independent thought, report-writing, project management, leadership skills, teamworking and good communication.

Many of our graduates have gone on to work in international organisations, the financial sector, and business. Others have found postgraduate research places at Kent and other universities.

Find out how to apply here - https://www.kent.ac.uk/courses/postgraduate/apply/

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What is the 'Master of Financial and Actuarial Engineering' all about?. The Master of Financial and Actuarial Engineering programme provides students with up-to-date, sound and advanced financial, actuarial and statistical skills. Read more

What is the 'Master of Financial and Actuarial Engineering' all about?

The Master of Financial and Actuarial Engineering programme provides students with up-to-date, sound and advanced financial, actuarial and statistical skills. It is an intensive, advanced, one-year programme for university graduates interested in a career in risk management, financial and/or actuarial engineering within financial institutions. The discipline focuses on the application of quantitative methods to problems involving risk or uncertainty. You will gain an understanding of current and future problems and solutions in insurance and banking and be equipped with fundamental and conceptual knowledge of the mathematical and economic aspects of financial theory and insurance techniques.

The programme provides advanced insights into the actuarial aspects of life insurance, general insurance and risk theory as well as financial mathematics and the inter-relationship and integration of actuarial sciences and finance. The programme draws on over sixty years of experience and international recognition. The research team for risk theory, finance and statistics has a strong research profile and is ranked among the world top in terms of actuarial research productivity. The programme is jointly offered by the Faculty of Business and Economics and the Faculty of Science at KU Leuven, in collaboration with Université Catholique de Louvain.

Objectives

The main goal of the programme is to provide the students with an sound knowledge of finance and actuarial science. They develop the capabilities to understand current and future problems and solutions in the actuarial and financial context. They will be equipped with fundamental and conceptual knowledge of the mathematical and economic aspects of financial theory and insurance techniques. Graduates holding both the degree of Master of Financial and Actuarial Engineering and 'Master in de verzekeringen' (Dutch-language initial master at KU Leuven) are eligible for membership in the professional body of actuaries in Belgium (IA|BE), and the international actuarial professional body (IAA).

At the end of the programme students will:

  • be equipped with fundamental and conceptual knowledge of the mathematical and economic aspects of financial theory and insurance techniques;
  • have advanced insights in the actuarial aspects of life insurance, general insurance, risk theory as well as in the interrelationship and integration of actuarial sciences and financial mathematics;
  • have a strong background in quantitative methods and financial models and will be able to select and apply those methods to problems that involve risk or uncertainty;
  • dispose of enhanced analytical, critical, conceptual, problem solving and decision making capabilities and skills;
  • have the ability to integrate actuarial, statistical and financial modelling techniques in order to arrive at effective solutions to problems occurring in insurance and financial practice;
  • be able to conduct research, not only in an academic context, but also in view of a professional career;
  • be able to stay up-to-date with the advances in actuarial sciences by following up and familiarizing with new insights, developments, results and methods;
  • be able to communicate and report adequately on financial and actuarial topics.

Career perspectives

The programme addresses the rapidly-changing needs resulting from the accelerating globalisation of the banking and insurance sector. As such, it provides a sound basis for a career in various areas of risk management, financial and actuarial engineering and insurance. Most graduates find employment in insurance companies, whose financial stability depends on actuarial calculations (e.g. premiums, provisions, capital requirements, reinsurance policy).

As an expert in the field of risk and uncertainty, you can also play an important role in banking and finance. The increasing convergence between the insurance and financial markets as well as the use of mathematically based instruments, such as options and futures, offers excellent career prospects. Graduates are well placed to find employment in banks, pension funds, reinsurance companies, consulting and audit companies.

Some graduates go to work in government, for instance in social security or economic affairs departments. Graduates holding both the degree of Master of Financial and Actuarial Engineering and 'Master in de verzekeringen' (Dutch-language initial Master's programme at KU Leuven) are eligible for membership in the professional body of actuaries in Belgium (IA|BE).



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Actuaries evaluate and manage financial risk. They make financial sense of the future for their clients by applying advanced mathematical and statistical techniques to solve complex financial problems. Read more
Actuaries evaluate and manage financial risk. They make financial sense of the future for their clients by applying advanced mathematical and statistical techniques to solve complex financial problems.

Qualifying as an actuary 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. Kent is one of a very few universities in the UK to teach the subject.

Our Postgraduate Diploma (PDip) 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.

This PDip in Actuarial Science programme gives you the opportunity to gain exemptions from eight of the Core Technical subjects (CT1 to CT8) of the professional examinations and provides you with a firm foundation for the later subjects. If you perform well enough on this course to obtain the full set of exemptions available, you could reduce your time to qualify as an actuary by three years or more.

Visit the website https://www.kent.ac.uk/courses/postgraduate/1/actuarial-science

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.

MA319 - Probability and Statistics for Actuarial Science (15 credits)
MA501 - Statistics for Insurance (15 credits)
MA529 - Probability and Statistics for Actuarial Science 2 (15 credits)
MA639 - Time Series Modelling and Simulation (15 credits)
MA816 - Contingencies 1 (15 credits)
MA817 - Contingencies 2 (15 credits)
MA819 - Business Economics (15 credits)
MA820 - Financial Mathematics (15 credits)
MA825 - Survival Models (15 credits)
MA826 - Finance & Financial Reporting (15 credits)
MA835 - Portfolio Theory and Asset Pricing Models (15 credits)
MA836 - Stochastic Processes (15 credits)
MA837 - Mathematics of Financial Derivatives (15 credits)
MA840 - Financial Modelling (15 credits)

Assessment

Assessment is usually by a mixture of coursework and examination; exact weightings vary from module to module.

- Accreditation
Students who are considered to have performed sufficiently well in the programme (both in examinations and coursework), as determined by an examiner appointed by the UK Actuarial Profession, will be exempt from all the CT subjects studied within the programme. If a student fails to achieve a suitable overall standard, they might still be awarded individual module exemptions as recommended by the Profession’s examiner. Please note that individual exemptions are granted based on the final written examinations only.

Programme aims

This programme aims to:

- give you the depth of technical appreciation and skills appropriate to a Master’s level programme in actuarial science

- provide successful students with eligibility for subject exemptions from the Core Technical series of examinations of the actuarial profession. This means obtaining a thorough knowledge and understanding of various core actuarial techniques and gaining current knowledge and understanding of the practice of some of the major areas in which actuaries are involved

- ensure you are competent in the use of information technology, and are familiar with computers, together with the relevant software

- introduce you to an appreciation of recent actuarial developments, and of the links between subject theories and their practical application in industry

- prepare you for employment within the actuarial profession and other financial fields

- provide suitable preparation for students who wish to proceed to the MSc in Applied Actuarial Science.

Research areas

- Genetics and insurance risks

Advances in human genetics, and medical sciences in general, have led to many gene discoveries; a number of single-gene disorders have been successfully identified and studied in detail. Researchers are now increasingly focusing on common multifactorial genetic disorders such as cancer, heart attack and stroke, caused by interaction of genes and environmental factors. It is important for the insurance industry to understand the full implications of these latest developments. First, can an insurer justify charging different premium rates to different risk groups? Second, if insurers are not allowed to discriminate between individuals based on their genes, by regulation or by law, is there a risk of adverse selection?

- Economic capital and financial risk management

Financial services firms are in the business of accepting risks on behalf of their customers. Customers do not always have the time or expertise to handle financial risks on their own, so they pass these on to financial services firms. However, even the most reputable firms can sometimes get it wrong, so it is fundamentally important for all stakeholders that financial services firms hold an appropriate amount of capital calculated on a robust scientific basis, to back the risks they are running. Economic capital can provide answers by specifying a unifying approach to calculating risk-based capital for any firm in the financial services sector.

From a public policy perspective, regulators and governments face the dilemma of whether to regulate against genetic underwriting or to allow market economies to take their own course. On one hand, there is a moral obligation not to discriminate against individuals for their genetic make-up. On the other hand, risk of adverse selection against insurance firms cannot be ruled out altogether. Maintaining an appropriate balance between the two is key.

Careers

- The UK Actuarial Profession

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, see http://www.actuaries.org.uk

- Employability support

Helping our students to develop strong employability skills is a key objective within the School and the University. We provide a wide range of services and support to equip you with transferable vocational skills that enable you to secure appropriate professional positions within industry. Within the School we run specialist seminars and provide advice on creating a strong CV, making job applications and successfully attending interviews and assessment centres.

Our graduates have gone on to successful careers in the actuarial, finance, insurance and risk sectors.

Professional recognition

Offers exemptions from subjects CT1 to CT8 of the Institute and Faculty of Actuaries professional examinations, with the option to take further subjects for exemption purposes.

Find out how to apply here - https://www.kent.ac.uk/courses/postgraduate/apply/

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This course is designed for graduates of quantitative disciplines who want to kick-start a career in actuary. It provides a solid foundation in statistics, financial mathematics, economics and business finance. Read more
This course is designed for graduates of quantitative disciplines who want to kick-start a career in actuary. It provides a solid foundation in statistics, financial mathematics, economics and business finance. Upon completion of the course, your knowledge and skills could be applied to a range of industries in the financial services such as insurance, pensions, healthcare, banking, investment 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. You will also have the opportunity to undertake a minor dissertation involving the study of a number of problems specific to the insurance and financial sector.

The Institute and Faculty of Actuaries has approved programme-level exemption status for the MSc programme in Actuarial Science at UCC in respect of their first 8 Core Technical subjects. Students may be recommended for exemption from the Institute’s own professional examinations in up to 7 of these Core Technical subjects by performing sufficiently well in the corresponding examinations of the MSc programme. UCC is one of the very few universities in Ireland which can offer students the potential to receive this level of exemptions from the professional actuarial examinations.

Visit the website: http://www.ucc.ie/en/ckr46/

Course detail

This is exciting course allows you to kick-start your career in actuary. It has similar core technical coverage to UCC’s very successful undergraduate course, which, over the last number of years, has achieved close to 100% employment. Graduates of this course are expected to also have no difficulty in gaining employment.

Format

The teaching methods used will be a combination of lectures, tutorials, computer practicals and directed study. You can expect to have approximately 22 hours per week of lectures, tutorials and directed study in semesters 1 and 2 and about 10 hours per week of directed study in semester 3.

Part 1

- Core modules (50 credits) -

PA6007 Market Analysis Methods for Actuarial Science (10 credits)
ST6001 Theory of Annuities - Certain for Actuarial Science (10 credits)
ST6002 Applied Financial Reporting Methods for Actuarial Science (10 credits)
ST6003 Probability & Mathematical Statistics for Actuarial Science (10 credits)
ST6004 Mortality Studies and Life Table Analysis for Actuarial Science (10 credits)

- Elective Modules (10 credits) -

ST6006 Insurance Risk Modelling for Actuarial Science (10 credits)
or
ST6010 Current Topics in Statistical Applications to Actuarial Science (10 credits).

*Were a student to enter the programme with sufficient background knowledge, as determined by the programme co-ordinator, in one of the above core modules, then that student would take both electives specified.

Part II

- Core module (20 credits) -

ST6009 Application of Core Technical Research Methodologies in Actuarial Science (20 credits)

- Elective modules (10 credits) -

ST6005 Life Contingencies for Actuarial Science (10 credits)
or
ST6008 Applied Financial Modelling and Risk Stochastics for Actuarial Science (10 credits)

Part-time students take modules ST6001, ST6003 and PA6007 in Year 1 and the remaining modules, including electives where appropriate, in Year 2.

Assessment

All taught modules in this course are assessed via a combination of end-of-module examination and submission of a portfolio of research and directed study.

For actuarial exemption purposes, the appointed actuarial independent examiner will base their recommendations for an exemption in the corresponding CT subject, on a student's performance in the final examination

For the research module (ST6009), you will study a number of problems, specific to the insurance and financial sector, and use the methodologies developed in the earlier modules to analyse such problems and produce oral and written reports on your work.

Careers

An actuarial qualification gives an excellent grounding in subjects like economics, finance, mathematics, and statistics, as well as the more actuarial subjects. This makes actuarial graduates suitable for a range of careers, not just actuarial work.

How to apply: http://www.ucc.ie/en/study/postgrad/how/

Funding and Scholarships

Information regarding funding and available scholarships can be found here: https://www.ucc.ie/en/cblgradschool/current/fundingandfinance/fundingscholarships/

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This programme is now closed but you may want to consider other courses such as the . Mathematics MSc. . . Read more

This programme is now closed but you may want to consider other courses such as the Mathematics MSc

The Financial Mathematics MSc programme enables graduates and professionals with a strong mathematical background to research, develop and apply quantitative and computational techniques to investment and risk management. Based in the Department of Mathematics, this course has a superb reputation for research-led teaching and strong links to industry.

  • A rigorous approach to quantitative finance taught entirely by the Department of Mathematics.
  • In-depth coverage of the skills needed for working in the financial, actuarial or related industry: probability theory, optimisation, statistics and computer implementation.
  • Unrivalled facilities in central London with City of London's financial centre close by, and with access to live market data in our Bloomberg Data Laboratory.
  • Flexible study programme offering the opportunity to study part-time.
  • King’s is a member of the London Graduate School in Mathematical Finance which provides advanced courses for students who wish to push beyond the MSc core syllabus.
  • Lecturers on the programme have extensive experience in consulting and work for financial companies and institutions such as Bank of Finland, Commerzbank, Deutsche Bank, Goldman Sachs, ION Trading, Standard Chartered Bank and Winton Capital Management.

Description

Financial Mathematics studies problems of optimal investment and risk management, and this course covers a diverse range of topics, from classical options pricing to post-crisis investment and risk management

Like any branch of applied mathematics, financial mathematics analyses a given problem by first building a mathematical model for it and then examining the model. Both steps require detailed knowledge in different areas of mathematics, including probability, statistics, optimisation, computer science and many more traditional fields of mathematics.

Our Financial Mathematics MSc course is a unique study pathway that encompasses the essential skills required for successful risk management, trading and research in quantitative finance: probability, statistics, optimisation, computing and financial markets. You will explore probability theories, risk neutral valuation, stochastic analysis as well as interest rate and credit risk modules. We also offer you the opportunity to study an additional zero-credit supportive module called mathematical analysis for financial mathematics.

The Financial Mathematics MSc programme offers you the choice to study either full or part-time and is made up of optional and required modules. You must take modules totalling 180 credits to complete the course. If you are studying full-time, you will complete the course in one year, from September to September. If you are studying part-time, your programme will take two years to complete, you will study the required modules in the first year, and a further selection of required and optional modules including the 60-credit financial mathematics report module in your second year.

Bloomberg terminal laboratory

King’s is one of only a few academic departments in the UK that offers full access to Bloomberg terminals. These terminals will provide you access to live financial data. They are heavily used within the financial industry, and the data they provide is critical in assisting traders in making investment decisions and for risk managers monitoring investment probabilities. We have 13 Bloomberg terminals available for exclusive use by the Financial Mathematics MSc programme.

You will use the Bloomberg terminals to:

  • Gain an intuition for the conduct of real financial markets
  • Develop potential investment strategies
  • Experience using real-world investment and risk management software and obtain data for research.

The skills you will learn from using the terminals are highly valued by employers. King’s is part of a strong network of financial mathematics in London with connections both in academia and in the industry.

We are also members of the University of London and by arrangement, you can enrol in optional modules at other institutions within the University of London, which includes Birkbeck, London School of Economics and Political Sciences, University College London and many others.

Course purpose

This programme is suitable for students or professionals with a strong mathematical background. It covers the principles and techniques of quantitative finance to prepare students for advanced work in the financial sector or research in mathematical finance.

Course format and assessment

Teaching

We use lectures, seminars and group tutorials to deliver most of the modules on the programme. You will also be expected to undertake a significant amount of independent study.

Average per week: Three hours for 11 weeks per each 15 credit module.

You are expected to spend approximately 10 hours of effort for each credit (so for a typical module of 15 credits this means 150 hours of effort).

Assessment

The primary method of assessment for this course is a combination of written examinations, essays, coursework and individual or group projects and oral presentations.  

Career destinations

Our graduates are highly sought after by investment banks, corporate risk management units, insurance companies, fund management institutions, financial regulatory bodies, brokerage firms, and trading companies. Recent employers of our graduates include, Capital Investment, Credit Suisse, European Bank for Reconstruction & Development, Fitch Ratings, HSBC and Morgan & Stanley. Some graduates have pursued research degrees in financial mathematics.



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Studying Mathematics at postgraduate level gives you a chance to begin your own research, develop your own creativity and be part of a long tradition of people investigating analytic, geometric and algebraic ideas. Read more
Studying Mathematics at postgraduate level gives you a chance to begin your own research, develop your own creativity and be part of a long tradition of people investigating analytic, geometric and algebraic ideas.

This programme allows you to further enhance your knowledge, creativity and computational skills in core mathematical subjects and their applications giving you a competitive advantage in a wide range of mathematically based careers. The modules, which are designed and taught by internationally known researchers, are accessible, relevant, interesting and challenging.

About the School of Mathematics, Statistics and Actuarial Science (SMSAS)

The School has a strong reputation for world-class research and a well-established system of support and training, with a high level of contact between staff and research students. Postgraduate students develop analytical, communication and research skills. Developing computational skills and applying them to mathematical problems forms a significant part of the postgraduate training in the School.

The Mathematics Group at Kent ranked highly in the most recent Research Assessment Exercise. With 100% of the Applied Mathematics Group submitted, all research outputs were judged to be of international quality and 12.5% was rated 4*. For the Pure Mathematics Group, a large proportion of the outputs demonstrated international excellence.

The Mathematics Group also has an excellent track record of winning research grants from the Engineering and Physical Sciences Research Council (EPSRC), the Royal Society, the EU, the London Mathematical Society and the Leverhulme Trust.

National ratings

In the Research Excellence Framework (REF) 2014, research by the School of Mathematics, Statistics and Actuarial Science was ranked 25th in the UK for research power and 100% or our research was judged to be of international quality.

An impressive 92% of our research-active staff submitted to the REF and the School’s environment was judged to be conducive to supporting the development of world-leading research.

Course structure

At least one modern application of mathematics is studied in-depth by each student. Mathematical computing and open-ended project work forms an integral part of the learning experience. There are opportunities for outreach and engagement with the public on mathematics.

You take eight modules in total: six from the list below; a short project module and a dissertation module. The modules concentrate on a specific topic from: analysis; applied mathematics; geometry; and algebra.

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.

MA961 - Mathematical Inquiry and Communication (30 credits) - https://www.kent.ac.uk/courses/modules/module/MA961
MA962 - Geometric Integration (15 credits) - https://www.kent.ac.uk/courses/modules/module/MA962
MA963 - Poisson Algebras and Combinatorics (15 credits) - https://www.kent.ac.uk/courses/modules/module/MA963
MA964 - Applied Algebraic Topology (15 credits) - https://www.kent.ac.uk/courses/modules/module/MA964
MA965 - Symmetries, Groups and Invariants (15 credits) - https://www.kent.ac.uk/courses/modules/module/MA965
MA966 - Diagram Algebras (15 credits) - https://www.kent.ac.uk/courses/modules/module/MA966
MA967 - Quantum Physics (15 credits) - https://www.kent.ac.uk/courses/modules/module/MA967
MA968 - Mathematics and Music (15 credits) - https://www.kent.ac.uk/courses/modules/module/MA968
MA969 - Applied Differential Geometry (15 credits) - https://www.kent.ac.uk/courses/modules/module/MA969
MA970 - Nonlinear Analysis and Optimisation (15 credits) - https://www.kent.ac.uk/courses/modules/module/MA970
Show more... https://www.kent.ac.uk/courses/postgraduate/146/mathematics-and-its-applications#!structure

Assessment

Assessment is by closed book examinations, take-home problem assignments and computer lab assignments (depending on the module). The project and dissertation modules are assessed mainly on the reports or work you produce, but also on workshop activities during the teaching term.

Programme aims

This programme aims to:

- provide a Master’s level mathematical education of excellent quality, informed by research and scholarship
- provide an opportunity to enhance your mathematical creativity, problem-solving skills and advanced computational skills
- provide an opportunity for you to enhance your oral communication, project design and basic research skills
- provide an opportunity for you to experience and engage with a creative, research-active professional mathematical environment
- produce graduates of value to the region and nation by offering you opportunities to learn about mathematics in the context of its application.

Careers

A postgraduate degree in Mathematics is a flexible and valuable qualification that gives you a competitive advantage in a wide range of mathematically oriented careers. Our programmes enable you to develop the skills and capabilities that employers are looking for including problem-solving, independent thought, report-writing, project management, leadership skills, teamworking and good communication.

Many of our graduates have gone on to work in international organisations, the financial sector, and business. Others have found postgraduate research places at Kent and other universities.

Learn more about Kent

Visit us - https://www.kent.ac.uk/courses/visit/openday/pgevents.html

International Students - https://www.kent.ac.uk/internationalstudent/

Why study at Kent? - https://www.kent.ac.uk/courses/postgraduate/why/

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Actuaries evaluate and manage financial risk. They make financial sense of the future for their clients by applying advanced mathematical and statistical techniques to solve complex financial problems. Read more
Actuaries evaluate and manage financial risk. They make financial sense of the future for their clients by applying advanced mathematical and statistical techniques to solve complex financial problems.

Qualifying as an actuary 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. Kent is one of a very few universities in the UK to teach the subject.

Our MSc in Applied Actuarial Science is fully accredited by the Institute and Faculty of Actuaries; it also provides a fast-track route to qualifying as an actuary, because students who achieve a high enough overall mark in this programme can obtain exemptions from the professional examinations included within their studies.

The MSc is available as a full-time (one-year) or part-time (two-year) programme and is suitable for those who have completed a first degree or postgraduate diploma in Actuarial Science, or those who have studied the majority of the earlier subjects in the Core Technical Stage subjects.

Visit the website https://www.kent.ac.uk/courses/postgraduate/174/applied-actuarial-science

About the School of Mathematics, Statistics and Actuarial Science (SMSAS)

The School has a strong reputation for world-class research and a well-established system of support and training, with a high level of contact between staff and research students. Postgraduate students develop analytical, communication and research skills.

In 2010, the Centre for Actuarial Science, Risk and Investment (CASRI) was set up within SMSAS to reflect the widening scope of the teaching and research of the staff. Areas of research interest include economic capital and risk management for financial services firms, mortality and longevity modelling, longevity indices and markets. Other research topics include genetics and insurance, insurance economics, pensions and corporate reporting.

The Centre includes 13 professionally qualified actuaries with many years’ practical experience in insurance and pensions, and who maintain excellent links with the actuarial profession.

Course structure

The course is based on a ‘core modules plus options’ structure and exemptions can be gained from the following professional examinations in the Core Applications Stage and Specialist Technical Stage: CA1, CA3, ST2, ST4 to ST9. You can also choose the optional Financial Modelling modules, which prepare you for subject CA2 in the Core Applications Stage. Find out more about accreditation for this programme (http://www.kent.ac.uk/casri/Accreditation/index.html) and the Institute and Faculty of Actuaries examinations (http://www.actuaries.org.uk/students/pages/our-exams-explained).

You must take 180 credits in order to pass the MSc. If you take fewer than 180 credits, you may be eligible for the Postgraduate Diploma in Applied Actuarial Science.

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.

MA909 - Enterprise Risk Management (30 credits)
MA912 - Life Insurance (30 credits)
MA914 - Pensions and Other Benefits (30 credits)
MA915 - Finance and Investment (30 credits)
MA916 - Derivative Securities (30 credits)
MA917 - General Insurance - Reserving and Capital Modelling (30 credits)
MA918 - General Insurance - Premium Rating (30 credits)
MA950 - Prophet (15 credits)
MA951 - Prophet 2 (15 credits)
MA952 - Financial Modelling (15 credits)
MA953 - Communications (15 credits)
MA921 - Actuarial Risk Management 1 (30 credits)
MA922 - Actuarial Risk Management 2 (30 credits)

Assessment

Assessment is usually by a mixture of coursework and examination; exact weightings vary from module to module.

- Accreditation
Students who are considered to have performed sufficiently well in the programme (both in examinations and coursework), as determined by an examiner appointed by the UK Actuarial Profession, will be exempt from subjects CA1, CA3 and the Specialist Technical subjects studied within the programme.

If you fail to achieve a suitable overall standard, you might still be awarded individual module exemptions as recommended by the Profession’s examiner. Please note that individual exemptions are granted based on the final written examinations only.

Programme aims

This programme aims to:

- provide successful students with eligibility for subject exemptions from the Core Application and Specialist Technical series of examinations of the Institute and Faculty of Actuaries. This means obtaining a thorough knowledge of core actuarial applications, developing the ability to apply this knowledge in a practical situation and gaining current knowledge and understanding of the practice of major areas in which actuaries are involved.

- develop your understanding, knowledge and awareness of current problems, much of which is at the forefront of current professional practice.

- ensure you are competent in the use of information technology, and are familiar with computers, together with the relevant software.

Careers

The UK Actuarial Profession

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 (http://www.actuaries.org.uk/becoming-actuary/pages/what-can-actuary-earn) 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, see http://www.actuaries.org.uk

- Employability support

Helping our students to develop strong employability skills is a key objective within the School and the University. We provide a wide range of services and support to equip you with transferable vocational skills that enable you to secure appropriate professional positions within industry. Within the School we run specialist seminars and provide advice on creating a strong CV, making job applications and successfully attending interviews and assessment centres.

Our graduates have gone on to successful careers in the actuarial, finance, insurance and risk sectors.

Find out how to apply here - https://www.kent.ac.uk/courses/postgraduate/apply/

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Visit our website for more information on fees, scholarships, postgraduate loans and other funding options to study Mathematics at Swansea University - 'Welsh University of the Year 2017' (Times and Sunday Times Good University Guide 2017). Read more

Visit our website for more information on fees, scholarships, postgraduate loans and other funding options to study Mathematics at Swansea University - 'Welsh University of the Year 2017' (Times and Sunday Times Good University Guide 2017).

As an MSc by Research in Mathematics student you will be guided by internationally leading researchers and will carry out a large individual research project.

You will be fully integrated into one of our established research groups and participate in research activities such as seminars, workshops, laboratories, and field work.

Key Features

Swansea is a research-led University and the Mathematics Department makes a significant contribution, meaning that as a postgraduate Mathematics student you will benefit from the knowledge and skills of internationally renowned academics.

In the Department of Mathematics at Swansea you will find friendly teaching staff that are fully committed to providing you with a supportive teaching and learning environment. This includes outstanding student support.

All postgraduate Mathematics programmes at Swansea will equip you with skills relevant for a rewarding career in a range of diverse fields. You will also further develop your communication, presentation and analytical skills.

The Mathematics Department’s research groups include:

Algebra and Topology Group

Areas of interest include: Noncommutative geometry, Categorical methods in algebra and topology, Homotopy theory and homological algebra and others.

Analysis and Nonlinear Partial Differential Equations Group

Areas of interest include: Reaction-diffusion and reaction-diffusion-convection equations and systems, Navier–Stokes equations in fluid dynamic, Complexity in the calculus of variations and others.

Stochastic Analysis Group

Areas of interest include: Functional inequalities and applications, Lévy-type processes, Stochastic modelling of fractal, multifractal and multiscale systems, Infinite dimensional stochastic analysis and others.

Mathematical Methods in Biology and Life Sciences Group

Areas of interest include: Mathematical pharmacology; heat and mass transfer models for plant cooling; modelling cellular signal transduction dynamics; mathematical oncology: multi-scale modelling of cancer growth, progression and therapies, and modelling-optimized delivery of multi-modality therapies; multi-scale analysis of individual-based models; spreading speeds and travelling waves in ecology; high performance computing

Employability

The ability to think rationally and to process data clearly and accurately are highly valued by employers. Mathematics graduates earn on average 50% more than most other graduates. The most popular areas are the actuarial profession, the financial sector, IT, computer programming and systems administration, and opportunities within business and industry where employers need mathematicians for research and development, statistical analysis, marketing and sales.

Facilities

The Aubrey Truman Reading Room, located in the centre of the Department of Mathematics, houses the departmental library and computers for student use, and is a popular venue for students to work independently on the regular exercise sheets set by their lecturers, and to discuss mathematics together.

The main university library, the Learning and Information Centre (LIC), contains a notably extensive collection of mathematics books.

As part of our expansion, we are building the Computational Foundry on our Bay Campus for computer and mathematical sciences. This development is exciting news for Swansea Mathematics who are part of the vibrant and growing community of world-class research leaders drawn from computer and mathematical sciences.

Research

The results of the Research Excellence Framework (REF) 2014 show that our research environment (how the Mathematics Department supports research staff and students) and the impact of our research (its value to society) were both judged to be 100% world leading or internationally excellent.

All academic staff in Mathematics are active researchers and the department has a thriving research culture.



Read less
Actuaries evaluate and manage financial risk. They make financial sense of the future for their clients by applying advanced mathematical and statistical techniques to solve complex financial problems. Read more
Actuaries evaluate and manage financial risk. They make financial sense of the future for their clients by applying advanced mathematical and statistical techniques to solve complex financial problems.

Qualifying as an actuary 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. Kent is one of a very few universities in the UK to teach the subject.

Our International Master’s programme is fully accredited by the Institute and Faculty of Actuaries. It is equivalent to a Graduate Diploma (which covers the subjects taught within the Postgraduate Diploma in Actuarial Science), followed by the MSc in Applied Actuarial Science.

International Students

This programme is for international students with a good first degree who would like to gain exemptions from subjects in the Core Technical, Core Applications and Specialist Technical Stages of the Institute and Faculty of Actuaries’ examinations.

Visit the website https://www.kent.ac.uk/courses/postgraduate/176/international-masters-in-applied-actuarial-science

About the School of Mathematics, Statistics and Actuarial Science (SMSAS)

The School has a strong reputation for world-class research and a well-established system of support and training, with a high level of contact between staff and research students. Postgraduate students develop analytical, communication and research skills.

In 2010, the Centre for Actuarial Science, Risk and Investment (CASRI) (http://www.kent.ac.uk/casri/index.html) was set up within SMSAS to reflect the widening scope of the teaching and research of the staff. Areas of research interest include economic capital and risk management for financial services firms, mortality and longevity modelling, longevity indices and markets. Other research topics include genetics and insurance, insurance economics, pensions and corporate reporting.

The Centre includes 13 professionally qualified actuaries with many years’ practical experience in insurance and pensions, and who maintain excellent links with the actuarial profession.

Programme aims

This programme aims to:

- provide you with eligibility for subject exemptions from the Core Application and Specialist Technical series of examinations of the Institute and Faculty of Actuaries. This means obtaining a thorough knowledge of core actuarial applications, developing the ability to apply this knowledge in a practical situation and gaining current knowledge and understanding of the practice of major areas in which actuaries are involved

- develop your understanding, knowledge and awareness of current problems, much of which is at the forefront of current professional practice

- ensure you are competent in the use of information technology, and are familiar with computers, together with the relevant software.

Careers

The UK Actuarial Profession
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 (http://www.actuaries.org.uk/becoming-actuary/pages/what-can-actuary-earn) 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, see http://www.actuaries.org.uk

Employability support
Helping our students to develop strong employability skills is a key objective within the School and the University. We provide a wide range of services and support to equip you with transferable vocational skills that enable you to secure appropriate professional positions within industry. Within the School we run specialist seminars and provide advice on creating a strong CV, making job applications and successfully attending interviews and assessment centres.

Our graduates have gone on to successful careers in the actuarial, finance, insurance and risk sectors.

Professional recognition

Fully accredited by the Institute and Faculty of Actuaries. Students who achieve a high enough overall mark can obtain exemptions from the professional examinations included within their studies.

Find out how to apply here - https://www.kent.ac.uk/courses/postgraduate/apply/

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Visit our website for more information on fees, scholarships, postgraduate loans and other funding options to study Mathematics and Computing for Finance at Swansea University - 'Welsh University of the Year 2017' (Times and Sunday Times Good University Guide 2017). Read more

Visit our website for more information on fees, scholarships, postgraduate loans and other funding options to study Mathematics and Computing for Finance at Swansea University - 'Welsh University of the Year 2017' (Times and Sunday Times Good University Guide 2017).

The MSc Mathematics and Computing for Finance course has been designed to meet the growing demand for specially trained mathematicians to work in the world’s financial markets and insurance.

Despite the current volatile nature of the banking industry, many banks still have a pressing need for employees with advanced mathematical skills who can further their understanding of turbulence in financial markets.

On the Mathematics and Computing for Finance course you will study different elements of both mathematics and computing in addition to developing your communication and presentational skills through a project you will undertake. As a student of the MSc in Mathematics and Computing for Finance programme you will be fully supported to ensure that your project is best suited to support your future career plans.

Aims of MSc in Mathematics and Computing for Finance

Have in depth knowledge in stochastic analysis and parts of advanced real analysis. (Fourier analysis and Partial Differential Equations) as well as parts of numerical analysis which are central for applications to finance.

Have developed advanced computing skills being essential for handling problems relevant for a job on the finance markets.

Have, as a mathematician, a good understanding of finance markets.

Have developed skills needed to work in a highly inter-disciplinary profession, including advanced programming techniques and communication skills across the borders.

Modules

Please visit our website for a full description of modules for the MSc Mathematics and Computing for Finance.

Careers

The ability to think rationally and to process data clearly and accurately are highly valued by employers. Mathematics graduates earn on average 50% more than most other graduates. The most popular areas are the actuarial profession, the financial sector, IT, computer programming and systems administration, and opportunities within business and industry where employers need mathematicians for research and development, statistically analysis, marketing and sales.

Some of our students have been employed by AXA, BA, Deutsche Bank, Shell Research, Health Authorities and Local Government. Teaching is another area where maths graduates will find plenty of career opportunities.

Research

The results of the Research Excellence Framework (REF) 2014 show that our research environment (how the Department supports research staff and students) and the impact of our research (its value to society) were both judged to be 100% world leading or internationally excellent.

All academic staff in Mathematics are active researchers and the department has a thriving research culture.

Student profiles

"Further to my studies at Swansea University as a Master of Science graduate in Financial Mathematics, I am currently working at Deutsche Bank in London as part of the Structured Financial Services team providing client services for corporate lending and debt portfolios. The complex nature of the course has helped me become a logical decision maker and a highly skilled problem solver. These transferable skills are very useful in the world of Finance since the role is highly challenging working towards deadlines and structured transaction targets. My studies at Swansea University have also enriched me with leadership, motivational skills and have enhanced my communication skills. I work in a close team of 10 people within a large department which encourages a culture that strives towards learning and effective teamwork. I thoroughly enjoyed my time at Swansea University and cherish the many fond memories. I am so pleased to be expanding my horizon within a major financial centre."

Rhian Ivey, BSc Mathematics, MSc Mathematics and Computing for Finance



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This cutting edge MSc programme will equip you with the mathematical, financial and computational skills needed to quantify and manage risk effectively in today’s finance, investment and insurance industries. Read more
This cutting edge MSc programme will equip you with the mathematical, financial and computational skills needed to quantify and manage risk effectively in today’s finance, investment and insurance industries. Such companies use advanced probabilistic models at the core of their business. They recruit people with the right mathematical, statistical and programming skills and financial knowledge who can understand, develop and implement such models.

The course is also an excellent preparation for students wishing to embark upon research degree (PhD) in financial or actuarial mathematics. Working professionals who would like to move from their current field into finance or for finance professionals who would like to take their careers to the next level will also benefit greatly from this course.

You will gain a strong understanding of:

- applied probability theory, stochastic analysis and mathematical modelling
- computational methods
- financial derivatives
- risk management methodologies
- financial econometrics

The 12-month programme consists of seven taught compulsory modules plus one taught elective module, followed by a research project carried out over the summer period upon completion of Semester Two. The course is taught mainly by members of the Institute for Financial and Actuarial Mathematics which is part of the Department of Mathematical Sciences . Some relevant modules are taught by the Management School.

Why Department of Mathematical Sciences?

Range and depth of study options

We offer a very wide range of modules, from advanced algebra and geometry, to partial differential equations, probability theory, stochastic analysis, and mathematical physics. With these you can tailor your programme to specialise in one of these areas, or gain a broad understanding of several. This allows you to build up the required background for the project and dissertation modules, which offer the opportunity to undertake an in-depth study of a topic of your choice, supervised by a leading expert in the field.

Exceptional employability

At Liverpool, we listen to employers’ needs. Alongside key problem solving skills, employers require strong communication skills. These are integral to this programme. Graduates go on to research degrees, or become business and finance professionals, or to work in management training, information technology, further education or training (including teacher training) and scientific research and development.

Teaching quality

We are proud of our record on teaching quality, with five members of the Department having received the prestigious Sir Alastair Pilkington Award for Teaching. We care about each student and you will find the staff friendly and approachable.

Accessibility

We take students from a wide variety of educational backgrounds and we work hard to give everyone the opportunity to shine.

Supportive atmosphere

We provide high quality supervision and teaching, computer labs, and and you will benefit from the friendly and supportive atmosphere in the Department, as evidenced by student feedback available on our university website. A common room and kitchen for the exclusive use of the Department’s students, and a lively maths society help to foster a friendly and supportive environment.

Career prospects

The excellent University Careers Service is open to all postgraduates. Graduates of the MSc and PhD programmes move on to many different careers. Recent graduates have moved into fast track teacher programmes, jobs in finance (actuarial, banking, insurance), software development, drugs testing and defence work, as well as University postdoctoral or lecturing posts. The MSc programme is of course a natural route into doctoral study in Mathematics and related fields, both at Liverpool and elsewhere. Some of our PhD students move on to postdoctoral positions and to academic teaching jobs and jobs in research institutes, both in the UK and elsewhere.

Upon successful completion of the degree you will be ideally equipped to work in investment banks, pension or investment funds, hedge funds, consultancy and auditing firms or government regulators.

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