Taught course (will run subject to approval)

Applied Actuarial Science with an Industrial Placement

Institution
University of Kent · School of Mathematics, Statistics and Actuarial Science
Qualifications
MSc

Entry requirements

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.

Months of entry

September

Course content

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.

Course structure

The course is based on a ‘core modules plus options’ structure and exemptions can be gained from the following professional examinations in the Core Applications Stage and Specialist Technical Stage: CA1, CA3, ST2, ST4 to ST9. You can also choose the optional Financial Modelling modules, which prepare you for subject CA2 in the Core Applications Stage. Find out more about accreditation for this programme and the Institute and Faculty of Actuaries examinations.

You must take 180 credits in order to pass the MSc. If you take fewer than 180 credits, you may be eligible for the Postgraduate Diploma in Applied Actuarial Science.

Your placement

Placements normally commence shortly after the final exam series has been completed (September) and vary in length from three months to 50 weeks, extending the MSc programme to between 15 and 24 months. The start date and duration 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.

The University does not guarantee every student will find a placement. Those who do not secure a placement will be transferred to the MSc programme without a placement.

The placement consists of two modules: Industrial Placement Experience and Industrial Placement Report. Four versions of the Experience module exist to cover placements of different lengths. The Experience module is assessed as pass/fail only and the Report module is graded on a categorical scale.

Information for international students

For detailed information see our English language requirements web pages on our website. 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.

Fees and funding

Please see our funding webpages for the most current information.

Qualification and course duration

MSc

full time
24 months

Course contact details

Name
School of Mathematics, Statistics and Acturial Science
Email
pgactsci@kent.ac.uk
Phone
+44 (0)1227 827181