Actuaries evaluate and manage financial risk. They make financial sense of the future for their clients by applying advanced mathematical and statistical techniques to solve complex financial problems. Qualifying as an actuary is a passport to a wide variety of careers in insurance companies, investments, pensions, health care and banking – not just in the UK, but throughout the world. Kent is one of a very few universities in the UK to teach the subject. Our MSc in Applied Actuarial Science with an Industrial Placement is fully accredited by the Institute and Faculty of Actuaries; it also provides a fast-track route to qualifying as an actuary, because students who achieve a high enough overall mark in this programme can obtain exemptions from the professional examinations included within their studies. The MSc is only available as a full-time (one-year) programme plus placement (of varying lengths) extending the MSc programe to between 15 and 24 months. It is suitable for those who have completed a first degree or postgraduate diploma in Actuarial Science, or those who have studied the majority of the earlier subjects in the Core Technical Stage subjects. The start date and duration of the Industrial Placement depend on the employer. Students on a longer placement module (i.e. 6, 9 or 12 months) can transfer to a shorter module if the placement arrangement changes unavoidably once the student has embarked on it, but if a student cannot complete the minimum of three months placement he/she will be required to transfer to the MSc programme without a placement. Placements may be undertaken in the UK or overseas.
Most programmes will require you to study a combination of compulsory and optional modules. You may also have the option to take modules from other programmes so that you may customise your programme and explore other subject areas that interest you.
Assessment is usually by a mixture of coursework and examination; exact weightings vary from module to module. Students who are considered to have performed sufficiently well in the programme (both in examinations and coursework), as determined by an examiner appointed by the UK Actuarial Profession, will be exempt from subjects CA1, CA3 and the Specialist Technical subjects studied within the programme. If you fail to achieve a suitable overall standard, you might still be awarded individual module exemptions as recommended by the Profession’s examiner. Please note that individual exemptions are granted based on the final written examinations only.
Professionally accredited courses provide industry-wide recognition of the quality of your qualification.
- Actuaries, Institute and Faculty of
How to apply
For detailed information see our English language requirements web pages. Please note that if you are required to meet an English language condition, we offer a number of pre-sessional courses in English for Academic Purposes through Kent International Pathways.
A good first degree in Actuarial Science, or a degree that covers all or most of the Core Technical Stage subjects of the Institute and Faculty of Actuaries’ examinations. We may also accept applicants who have a good first degree in another subject and who have passed most of the Core Technical Stage subjects. All applicants are considered on an individual basis and additional qualifications, professional qualifications and experience will also be taken into account when considering applications.
Fees and funding
No fee information has been provided for this course
Additional fee information
University of Kent
Recruitment and Admissions Office
Course contact detailsVisit our course page
School of Mathematics, Statistics and Actuarial Science
Recruitment and Admissions Office
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+44 (0) 1227 827077