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    School of Mathematics, Statistics & Actuarial Science Logo
  • Study Type

    Full time available

  • Subject Areas

    Finance

    Mathematics

  • Start Date

    September

  • Course Duration

    Full-time: 1 year; Part-time: 2 years

  • Course Type

    MSc

  • Course Fees

    website

  • Last Updated

    19 February 2019

Course content

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) 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

Accreditation - Institute and Faculty of Actuaries Curriculum 2019

This year, the Institute and Faculty of Actuaries (IFoA) is introducing a new actuarial qualification structure called Curriculum 2019. We are delighted to say that we have successfully achieved re-accreditation for all of our Actuarial Science programmes and will be offering exemptions under the IFoA's new qualification structure from September 2019. 

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 Practices Subjects and Specialist Principles Subjects. Find out more about 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.

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.

Why study at The University of Kent?

- Kent was awarded gold, the highest rating, in the UK Government’s Teaching Excellence Framework. The University of Kent's Statement of Findings can be found here

- In the most recent Research Excellence Framework, Kent was ranked in the top 20 for research intensity in the Times Higher Education.

- Kent has an excellent postgraduate employment record: 92% of our postgraduate students who graduated in 2017 and responded to a national survey were in work or further study within six months (DLHE).

Find out more: https://www.kent.ac.uk/courses/postgraduate/why/

 

Postgraduate scholarships and funding

We have a scholarship fund in excess of £11 million to support our postgraduate community. Find out more: https://www.kent.ac.uk/scholarships/postgraduate/


Visit the MSc in Applied Actuarial Science page on the University of Kent website for more details!

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