Course summary
The BSc (Hons) Actuarial Science degree is delivered by Bayes Business School (formerly Cass), one of Europe’s leading business schools. Part of City, University of London, Bayes is ranked amongst the top 6 business schools in the UK*. 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 develop your ability to make reasoned judgements, frame appropriate questions and draw independent conclusions and 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, such as insurance. 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 and CB2 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 Bayes 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). Ethics are an essential and unavoidable aspect of an actuary’s career and the ethical aspects of risk management are considered throughout the course. We are committed to developing responsible and socially aware actuaries, as many of the decisions that you will make in your career will affect numerous stakeholders all of whose views and situations must be taken into account. A key part of this degree is the opportunity to gain professional work experience or a period of study abroad. Students are eligible to apply for a one-year paid work placement during the third year of a four-year sandwich degree course. 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. *Financial Times European Business School Ranking 2022
Modules
Year one In the first year, students study eight core modules that provide the foundations for later study, including a mathematics module and introductory courses in financial mathematics, economics, probability and statistics and IT. These modules assume no prior knowledge of the respective subjects beyond those guaranteed by meeting the entry requirements.There are no electives in the first year. Core modules:
- Mathematics for Actuarial Science
- Probability and Statistics 1
- Finance and Investment Mathematics
- Introduction to Economics
- Introduction to Actuarial Methods
- Introduction to Excel and Statistical Packages
- Introduction to VBA for Excel
- Calculus and Linear Algebra
- Contingencies
- Probability and Statistics 2
- Stochastic Modelling
- Actuarial Practicality
- Fundamentals of Finance
- Advanced contingencies
- Final-year project
- Probabilistic modelling
- Statistical modelling
- Survival models
Assessment method
You will be assessed using a variety of methods, depending on module choices including:
- Coursework
- Unseen written examinations, taking place at the end of each term (or at the end of a year, if a module is taught over two terms)
- Class tests
- Online quizzes and tests, using the Virtual Learning Environment
- Presentation
- Group projects, individual projects.
Professional bodies
Professionally accredited courses provide industry-wide recognition of the quality of your qualification.
- Actuaries, Institute and Faculty of
How to apply
This is the deadline for applications to be completed and sent for this course. If the university or college still has places available you can apply after this date, but your application is not guaranteed to be considered.
Application codes
- Course code:
- G321
- Institution code:
- C60
- Campus name:
- Main Site
- Campus code:
- -
Points of entry
The following entry points are available for this course:
- Year 1
Entry requirements
Qualification requirements
UCAS Tariff - Not accepted
A level - AAA
Pearson BTEC Level 3 National Extended Diploma (first teaching from September 2016) - DDD
Access to HE Diploma - D: 30 credits M: 15 credits
Scottish Higher - AAAAB
Pearson BTEC Level 3 National Diploma (first teaching from September 2016) - DD
International Baccalaureate Diploma Programme - 35 points
Cambridge International Pre-U Certificate - Principal - D3, D3, D3
T Level - D
Please click the following link to find out more about qualification requirements for this course
https://www.bayes.city.ac.uk/study/undergraduate/courses/actuarial-science
Student Outcomes
There is no data available for this course. For further information visit the Discover Uni website.
Fees and funding
Tuition fees
England | £9250 | Year 1 |
Northern Ireland | £9250 | Year 1 |
Scotland | £9250 | Year 1 |
Wales | £9250 | Year 1 |
EU | £24500 | Year 1 |
International | £24500 | Year 1 |
Channel Islands | £24500 | Year 1 |
Republic of Ireland | £24500 | Year 1 |
Tuition fee status depends on a number of criteria and varies according to where in the UK you will study. For further guidance on the criteria for home or overseas tuition fees, please refer to the UKCISA website .
Additional fee information
Sponsorship information
As a global institution, Bayes Business School aims to foster greater racial diversity in business. Therefore Bayes has launched a new scholarship for undergraduate black British students. We are offering ten scholarships for Black UK-domiciled undergraduate students from lower than average income households. Each scholarship covers the full tuition fee (at home-fee level) and a £6,000 annual stipend for three years. Scholarship holders will also be offered mentoring and support. The Bayes International Scholarship is awarded to students who achieve exceptional grades. The scholarship will be awarded as a discount in the fee amount due in the first year of their study only. City, University of London also offers scholarships for UK students who achieve exceptional grades. The scholarship will likely be awarded as a discount in the fee amount due in the first year of their study only. Please visit www.bayes.city.ac.uk/study/undergraduate/application-and-funding/scholarships for further information about scholarships including eligibility criteria. Eligibility criteria for students starting their studies in September 2024 will be updated in September 2023. Conditions are subject to annual change.
Provider information
City, University of London
Northampton Square
City of London
EC1V 0HB