The BSc (Hons) Actuarial Science degree is delivered by Cass Business School, one of Europe’s leading business schools. Part of City, University of London, Sir John Cass Business School is ranked amongst the top 5 business schools in the UK (FT European Business School Rankings 2018).
As England’s longest established Actuarial Science degree, this course offers students a sound education in actuarial and financial studies, mathematics and statistics. You will gain highly prized financial risk management skills.
Actuarial science involves the application of quantitative skills to problems in finance that normally involve risk or uncertainty. If you enjoy mathematics, statistics, probability and economics you will find this course ideal. For the duration of your degree, you’ll delve deeper into these course subjects, as well as stochastic models, finance and financial reporting, business and, naturally, actuarial science itself. You’ll also produce a self-researched final-year project on an area that interests and reflects your ambitions.
The degree provides students with the skills to start their actuarial career, with the added flexibility of allowing students to alternatively use these skills to enter risk management, investment management or financial analysis upon graduation. This degree can provide exemptions from subjects CM1, CM2, CS1, CS2, CB1, CB2 and CB3 of the Institute and Faculty of Actuaries’ examinations.
In each year of your degree, you will study a core set of modules that will allow you to focus on actuarial science, alongside modules that will broaden your studies into other areas of economics and business. In fact, the Actuarial Science degree at Cass contains more credits than the majority of all other actuarial science degrees in the UK. By studying for 450 credits rather than the standard 360 credits during your degree, you are able to obtain in depth understanding in specialisms such as business management, real estate finance, financial derivatives and extreme value theory.
Many of our lecturers are qualified actuaries and have worked in industry and continue to consult for corporate organisations, so you will benefit from their first-hand knowledge and business experience. As we place a high value on teaching both theory and application, you will emerge from your degree with a good understanding of how to use your newly acquired knowledge in the workplace, whether this concerns a career as an actuary or an alternative direction (such as, for example, risk manager).
A key part of this degree is the opportunity to gain professional work experience or a period of study abroad. All first year Actuarial Science students are eligible to apply for the Micro-Placements Programme which offers you the opportunity to apply for a 3-5 week summer placement, exposing you to a real-life business environment at a London-based employer.
Students are also eligible to apply for a one-year paid work placement during the third year of a four-year sandwich degree course. Cass students enjoy a wide range of opportunities in business areas such as insurance and risk management, actuarial investment pricing and capital management. Recent placements include: the Association of British Insurers, Aviva/Friends Life, Prudential and Legal & General.
Students can alternatively apply to spend one year studying abroad during the third year of a four-year sandwich degree course. Students can apply to study at a business school at one of our prestigious partner universities, including the University of Waterloo, Canada; and the Chinese University of Hong Kong. Studying abroad enables students to expand their international network of contacts, develop a wider perspective in the world of actuarial science and enhance their career prospects.
Year 1 core modules:
- Mathematics for Actuarial
- Probability and Statistics 1
- Finance and Investment Mathematics
- Introduction to Economics
- Applications of Information Technology
- Introduction to Actuarial Methods
Year 2 core modules:
- Calculus and Linear Algebra (Mathematics 2)
- Probability and Statistics 2
- Stochastic Modelling
- Actuarial Practicality
- Fundamentals of Finance
- Financial Reporting
- Financial Economics (elective module)
Year 3 core modules:
- Survival Models
- Advanced Contingencies
- Statistical Modelling
- Probabilistic Modelling
- Advanced Financial Economics (elective module)
- Final Year Project
|Duration & Attendance||Qualification||Tuition fees||Fee type|
|Bachelor of Science (with Honours) - BSc (Hons)||Other Fees|