Study Actuarial Science

What Is an Actuarial Science Degree?

An actuary applies mathematical and statistical methods to assess risk in insurance and finance, as well as other related industries. A successful actuary has a deep understanding of a number of interrelated subjects including mathematics, statistics, finance, economics, probability and computer science.

What will I study?

During this degree you will explore the core subjects of mathematics, statistics, probability and economics. You will also learn stochastic models, financial reporting and business, and you will develop your understanding of the roles of mathematical and statistical calculation in financial risk management.

See more details:

In the first year you will study mathematics for actuarial science, probability and statistics, finance and investment mathematics and economics. You will also learn about Information Technology, learning to use the program MiniTab – a statistical package, and learning to write VBA code.

The second year focuses on further mathematical concepts such as calculus and linear algebra, stochastic modelling and financial economics. The role of the actuary will be examined and you will be taken on visits to major banks. A focus on careers will introduce you to the many varied career paths you could take with this degree.

The third year teaches survival models, advanced contingencies, statistical modelling and probabilistic modelling. A dissertation will serve as the basis of a final year project, and will encourage the production of independent research.

Popular Universities & Courses

These are frequently enquired universities and courses by students for your reference. Please note that entry requirements and fees are listed as a guideline only.

Country University Course Tuition Fee A Level / IB Polytechnic Diploma GPA – Year 1 Entry
AU UNSW Bachelor of Actuarial Studies 44,100 AUD AAAbbc 3
AU Macquarie University Bachelor of Actuarial Studies 37,500 AUD AAAbbd 3.2
AU Monash Univerisity Bachelor of Actuarial Studies 45,000 AUD BBB 3
AU Australian National University Bachelor of Actuarial Studies 43,680 AUD AAAb 3.2
UK University of Kent BSc Actuarial Science 16,200 GBP AAB 3
UK City University of London BSc Actuarial Science 19,000 GBP AAA 3
UK Heriot Watt University BSc Actuarial Science 15,080 GBP AAB 3
NZ Victoria University of Wellington BSc Actuarial Science 30,492 NZD CCC 2.8
Country University Course Tuition Fee Entry Requirements
AU Australian National University Master of Actuarial studies 47,880 AUD GPA 5.0/7
AU UNSW Master of Actuarial studies 48,240 AUD Credit average
UK University of Southampton MSc Actuarial Science 18,812 GBP Second Upper Hons
UK University of Kent MSc Applied Actuarial Science 17,020 GBP Second Upper Hons

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