Course summary

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 on our three-year BSc Actuarial Science, 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. Furthermore, this Honours programme compliments our successful programmes in the area of Financial Mathematics: B.Sc. Mathematics for Finance, and M.Sc. Mathematics & Computing for Finance. 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.