The Foundation Year is a one-year full-time programme that provides an entry route to the BSc Actuarial Science for UK and EU students. The Foundation Year is designed to prepare you for the subjects that will be covered in more depth throughout the rest of your degree. This course is delivered by Cass Business School. Part of City, University of London, Sir John Cass Business School is one of Europe’s leading business schools and is ranked amongst the top 20 business schools in Europe (1).
The Foundation Year in Actuarial Science aims to provide students with a knowledge of Mathematics, Probability and Statistics, Accounting and Finance, Economics, IT and Computing sufficient to enable them to undertake an undergraduate degree in the area of Actuarial Science. The Foundation Year will lead on to the BSc Actuarial Science degree. However, the Foundation Year is identical to that for the BSc Accounting and Finance degree and so you may be able to transfer onto the BSc Accounting and Finance degree on successful completion of the Foundation Year. It should be noted though that you will not be able to transfer onto any of the other undergraduate programmes at Cass Business School. If you wish to study the BSc (Hons) Actuarial Science at Cass, but do not satisfy the entry requirements, the Foundation course can provide students with an entry route onto the programme.
(1) Financial Times European Business School Ranking 2019
The Foundation course has been designed to familiarise you with material that you will study in more depth in later years of the degree programme. Modules covered are:
- Mathematics: This will cover A-level maths and topics from A-level further maths. As you will have already studied A-level mathematics (or equivalent) we will focus more on the later topics such as calculus. The material in this module will prepare you for the first year Mathematics for Actuarial Science module.
- Foundation Probability and Statistics: The probability and statistics module will assume that you will arrive with no knowledge of probability or statistics. The module will start with basic concepts such as summary statistics and basic probability and will develop these concepts to more advanced topics such as confidence intervals, hypothesis testing, regression and probability distributions. This module forms part of the CT3 course of the IFoA.
- Introduction to Economics: This course will cover fundamental topics in both macro and micro economics. We will assume that you have not covered this material before and this module will help you prepare for the first year Ecnomics module. This module will have an integrated study skills module which will develop your ability in such areas as note taking, essay planning, mind maps, etc. which will help both with this module and the rest of your studies and later employment.
- Introduction to Finance and Accounting: This module will introduce you to concepts such as interest rates, discounted cash-flows, different types of investments and company accounts. The material in this module will prepare you for the first year modules Introductory Financial Accounting and Introductory Management Accounting, as well as the second year modules Financial Markets and Company Valuations. It will also provide real world skills for the analysis of companies and investments.
- Introduction to Microsoft Office Suite: This module is taught mainly on-line but supported with a weekly tutorial. This module will help prepare you for the Visual Basic module in the first year and in addition will help with all your future studies where Microsoft Office products are used, as well as providing real life skills which will be attractive to employers.
Tuition & Fees
|Duration & Attendance||Qualification||Tuition fees||Fee type|
|Bachelor of Science (with Honours) - BSc (Hons)||£7,000||European Fees|
|Bachelor of Science (with Honours) - BSc (Hons)||£7,000||Home Fees|