BSc (Hons)Actuarial Mathematics

Study location	United Kingdom, Liverpool
Type	Bachelor courses, full-time
Nominal duration	3 years
Study language	English
Awards	BSc (Hons)
Course code	NG31

Entry qualification	High school / secondary education (or higher) good results in Mathematics The entry qualification documents are accepted in the following languages: English. Often you can get a suitable transcript from your school. If this is not the case, you will need official translations along with verified copies of the original.

Language requirements	English Accepted proof of proficiency: Cambridge English, IELTS, TOEFL or other equivalent IELTS: 6.0 (with a minimum of 5.5 in each band) TOEFL (IBT): Overall score of 88 or above, with at least 21 in Listening and Writing, 22 in Reading and 23 in Speaking CAE: 169 points overall with no component less than 162

Other requirements	At least 1 reference(s) must be provided. A motivation letter must be added to your application.

More information	liverpool.ac.uk/..mathematics-bsc/overview

Overview

Interested? To learn more about this study programme, entry requirements and application process, please contact one of our consultants in a country nearest to you.

Programme structure

Programme Year One

Exemptions are based on performance in the relevant subjects as listed below.

Subject CT1 Financial Mathematics: Financial Mathematics I &II
Subject CT2 Finance & Financial Reporting: Introduction to Financial Accounting, Introduction to Finance & Financial Reposting and Finance
Subject CT3 Probability & Mathematical Statistics: Statistical Theory I & II
Subject CT4 Models: Applied Probability & Actuarial Models
Subject CT5 Contingencies: Life Insurance Mathematics I & Life Insurance Mathematics II
Subject CT6 Statistical Methods: Mathematical Risk Theory & Statistical Methods in Actuarial Science
Subject CT7 Economics: Principles of Microeconomics, Principles of Macroeconomics, Microeconomics I & International Trade.
Subject CT8 Financial Economics: Financial Mathematics II, Security Markets & Stochastic Modelling in Insurance and Finance

Programme Year Two

In the second and subsequent years of study, there is a wide range of modules. Each year you will choose the equivalent of eight modules. Please note that we regularly review our teaching so the choice of modules may change.

Financial Mathematics I
Financial Mathematics II
Statistical Theory and Methods I
Statistical Theory and Methods II
Life Insurance Mathematics I
Financial Reporting and Finance

Programme Year Three

Applied Probability
Mathematical Risk Theory
Statistical Methods in Actuarial Science
Life Insurance Mathematics II
Actuarial Models

Career opportunities

An actuary is a business professional who deals with the financial impact of risk and uncertainty. Every area of business is subject to risks so an actuarial career offers many options. A typical business problem might involve analysing future financial events, especially when the amount or timing of a payment is uncertain. Due to an actuary’s range of skills the opportunities open to them are endless, they can even be employed in the marketing and development of insurance/financial products.

Typical types of work undertaken by our graduates include:

Measuring and managing risk and uncertainty
Designing financial contracts
Advising on investments
Measuring demographic influences on financial arrangements