Actuarial Science brings together mathematical, statistical and financial techniques to minimise financial risk in areas such as commerce, insurance, finance and government, and this new degree could lead to highly rewarding careers in fields such as insurance, annuities, and pensions. Actuarial salaries begin at £30,000 and can progress to six figures. The programme will provide a solid training aligned with the Core Principles syllabus of Institute and Faculty of Actuaries. Depending on the grades obtained, completion of the degree programme can lead to a recommendation for exemption from some or all of CS1, CS2, CM1, CM2, CB1, and CB2. As a student, you will be taught in our £32.5m Computational Foundry, a world class centre with state-of-the-art facilities for teaching and research, as well as networking and meeting spaces, to help prepare you for a successful and rewarding career. The programme will be delivered by the Department of Mathematics in conjunction with the School of Management, both located on the Bay Campus. This course will give you a solid training highly aligned with that required for entrance to the actuarial profession – a career which is financially rewarding, highly sought after and a ‘passport’ to working in the global environment. It will cover topics such as: calculus, analysis, algebra, applied statistics, accounting for business, economics for accounting and finance, real analysis and metric spaces, vector calculus and measure theory, groups and rings, probability, financial accounting, investments, assets, equities and bonds, complex variables, stochastic processes, financial mathematics, stochastic processes and survival models, and actuarial models and interest rates. We guarantee that you will be made a conditional offer for a course at Swansea University. Subject requirements will apply. Please come along to our next Open Day or get in touch for further information.
Teaching block one (TB1) runs from September until January and during this block, for this year, this course will be taught in a ‘blended’ way. This means that some teaching will be done online and some will be on campus. The online teaching, where you will be physically apart from your lecturer, can be ‘live’ with your lecturer present and where you’ll be able to interact. Some of it may be self-directed which means that you can access the learning materials at a time to suit you.
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.
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- Bay Campus
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Points of entry
The following entry points are available for this course:
Overseas applicants should have CDD equivalent and IELTS 6.0 (all components at least 5.5). All applications will be considered on an individual basis, and we will look at the whole application when deciding whether to make an offer of a place, including: the balance, nature and quality of A-level, AS and GCSE subjects (or equivalent); personal statement and referee’s comments. General Studies and Key Skills qualifications are normally excluded from our offers. Unfortunately, we are unable to consider applicants with GCSE qualifications alone.
English language requirements
For applicants whose first language is not English we require a minimum overall IELTS score of 6.0 (or equivalent) and no less than 5.5 in each component.
English Language Requirements at Swansea University
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Fees and funding
No fee information has been provided for this course