Actuaries evaluate and manage financial risk. The Actuarial Science MSc prepares graduates from a mathematical background for a career as an actuary. No prior knowledge of actuarial science is required. Overview Studying actuarial science on this conversion programme 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. Accreditation Our MSc in Actuarial Science, MSc in Applied Actuarial Science and International Master’s are all fully accredited by the Institute and Faculty of Actuaries; they also provide a fast-track route to qualifying as an actuary, because students who achieve a high enough overall mark in these programmes can obtain exemptions from the professional examinations included within their studies. As one of the few universities to offer actuarial science in the UK, Kent’s programme is recognised for its strong mix of theoretical and practical expertise. The teaching staff include many actuaries drawn from professional practice, along with specialised research. Depending on the modules chosen, MSc in Actuarial Science students may be eligible to gain exemptions from subjects CB1, CB2, CM1, CM2, CS1 and CS2 of the Institute and Faculty of Actuaries About the Centre for Actuarial Science, Risk and Investment In 2010, the Centre for Actuarial Science, Risk and Investment (CASRI) was set up within the School of Mathematics, Statistics and Actuarial Science to reflect the widening scope of the teaching and research of the staff. Within CASRI, research in actuarial science can be broadly classified into the following three themes: economic capital and financial risk management, longevity risk modelling, and public policy aspects of insurance risk classification. This achieves a balance between theoretical and applied investigations, as well as addressing social policy implications. The group has a deep and long-standing association with the Institute and Faculty of Actuaries, as well as with other educational institutions worldwide.
The course is based on a ‘core modules plus options’ structure and exemptions can be gained from professional examinations. You must take 330 credits in order to pass the MSc with Industrial Placement. The following modules are indicative of those offered on this programme. This list is based on the current curriculum and may change year to year in response to new curriculum developments and innovation. 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. Compulsory modules currently include: MAST7801 - Industrial Placement Report and Presentation (30 credits) MAST7805 - Industrial Placement Experience (120 credits) Optional modules may include: MACT7009 - Financial Mathematics (15 credits) MACT7290 - Probability and Statistics for Actuarial Science (30 credits) MACT7350 - Actuarial Mathematics (30 credits) MACT8190 - Business Economics (15 credits) MACT8250 - Survival Analysis (15 credits) MACT8260 - Finance & Financial Reporting (15 credits) MACT8350 - Financial Economics and Asset and Liability Modelling (15 credits) MACT8370 - Mathematics of Financial Derivatives (15 credits) MACT8400 - Financial Modelling (15 credits) MAST5010 - Statistics for Insurance (15 credits) MAST6390 - Time Series Modelling and Simulation (15 credits) MAST8360 - Stochastic Processes (15 credits)
Assessment is usually by a mixture of coursework and examination; exact weightings vary from module to module. Accreditation Students who are considered to have performed sufficiently well in the programme (both in examinations and coursework), as determined by examiners appointed by the Institute and Faculty of Actuaries, will receive exemptions. If you fail to achieve a suitable overall standard, you might still be awarded individual subject exemptions. Continuation to Industrial Placement The taught component, project and work placement constitute a single stage. However, commencement of the placement is conditional on satisfactory progress in the taught component, as determined at the interim examination board in June. A student with resits amounting to more than 30 credits following the August exam will normally be required to retrieve the credit before beginning a placement. To be eligible for the award of an MSc with an Industrial Placement, students must meet the requirements for the award of the MSc without a placement and pass both of the placement modules.
How to apply
Please see our International Student website for entry requirements by country and other relevant information. Due to visa restrictions, students who require a student visa to study cannot study part-time unless undertaking a distance or blended-learning programme with no on-campus provision. English language entry requirements The University requires all non-native speakers of English to reach a minimum standard of proficiency in written and spoken English before beginning a postgraduate degree. Certain subjects require a higher level. For detailed information see our English language requirements web pages. 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 usually in mathematics, statistics or economics, although other subjects with a high mathematical content are acceptable. All applicants are considered on an individual basis and additional qualifications, professional qualifications and relevant experience may 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