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MSc/PGDip Actuarial Science


Course Description

Course aims

Do you enjoy solving problems? Do you enjoy analysing and interpreting large amounts of data and applying this analysis to real business situations? Could you communicate complex financial and risk models to people at a range of levels? A career as an actuary is a highly rewarding one – both financially and intellectually.

Actuaries are problem-solvers, business analysts, consultants and risk assessors, all rolled into one. With this degree under your belt, the skills you have learned could be applied to the worlds of insurance, pensions, healthcare, banking, business management 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 may already be employed as a trainee actuary within a firm, or be a recent graduate looking to get into the industry, it could be that a career change is your reason for studying this course. Whichever it is, an Actuarial Science degree from the University of Leicester will provide you with a head start within this lucrative career.

By concentrating on both technical expertise and transferable skills (such as communication and problem solving) this postgraduate degree will prepare you for direct entry into the profession and a successful career. You will leave Leicester equipped with the skills and knowledge to evaluate and interpret different forms of data, analyse risk and present your results to a professional audience, and with an understanding of how to apply this knowledge to real problems using the fundamental techniques required by an actuary.

The Actuarial Science programme at Leicester is the only distance learning course accredited by the Faculty and Institute of Actuaries.

This means that if you perform sufficiently well within the examinations for the Postgraduate Diploma qualification, you will be automatically exempt from taking the Institute's CT 1-8 examinations — the first eight exams toward qualifying as a Fellow of the Faculty and Institute of Actuaries.

The University enjoys links with the financial industry including Mercer Human Resource Consulting, NFU Mutual and Pearl Life, ensuring that the course has been developed with the needs of key employers in mind. Graduates of the course will therefore be highly employable.

Course modules

Course structure varies between distance learning and campus-based, please visit the University of Leicester for more details.

Year Three
• Dissertation (MSc only)

Teaching and assessment methods

The course will be delivered through supported distance learning. Materials will be made available electronically via the University’s virtual online learning environment Blackboard and a self containied Wiki based platform. The use of Blackboard will enable you to benefit from visualisations of key concepts through specialist software. Electronic forums and pod-casts will be used to support your learning.

Start Dates

Distance Learning: Every May and October.
Campus-Based: September each year.

(Please note: due to regular enhancement of the University’s courses, please refer to Leicester’s own website (http://www.le.ac.uk) or/and Terms and Conditions (http://www2.le.ac.uk/legal) for the most accurate and up-to-date course information. We recommend that you familiarise yourself with this information prior to submitting an application.)

Visit the MSc/PGDip Actuarial Science page on the University of Leicester website for more details!

Entry Requirements

At least a 2:1 degree classification in a relevant science based degree. We expect a prerequisite knowledge of probability and calculus to an undergraduate level; this means students will typically be Mathematics, Statistics or Physics graduates. We will consider graduates from other disciplines on an individual basis and applicants may be subjected to mathematics assessment at the application stage. Also, if your first language is not English you will need to satisfy the University's English language requirements (e.g. IELTS 6.0).

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Recipient: University of Leicester
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