MSc/PgDip Actuarial Science
Programme Outline and Benefits
You may be a recent graduate from a BSc programme looking to get into industry. Perhaps you’re already a trainee within a firm. Or maybe you’re an experienced professional seeking a career change… Whatever your motivation, the Actuarial Science programmes at Leicester are designed to provide you with a head start to a potentially lucrative career path.
What is Actuarial Science?
A career as an actuary is a highly rewarding one both financially and intellectually. Actuaries are problem-solvers, business analysts, consultants and risk assessors all rolled into one. Your skills will be applied in the worlds of insurance, pensions, healthcare, banking, business management and risk assessment. You will use your mathematical and statistical knowledge and problem-solving skills to help businesses and institutions to evaluate the long-term financial implications of the decisions they make.
A career in Actuarial Science can be highly lucrative. A recent survey* demonstrated that entry level jobs were commanding salaries between £36,000 – 50,000 per year, with the highest level senior actuaries earning in excess of £200,000 per year. And that’s before any performance related bonuses are taken into account…
*XpertHR Actuaries and Actuarial Students Salary Survey, 2014.
Why study at Leicester?
The Actuarial Science programmes at Leicester are accredited by the Institute and Faculty of Actuaries. By studying one of these courses you can gain the first accredited qualification in the step towards becoming a fully accredited Fellow of the Institute and Faculty of Actuaries.
The Department of Mathematics has a successful history of delivering quality actuarial education. It has links with the financial industry and has ensured the course has been developed with the needs of key employers in mind. This means that graduates will be highly employable.
Accreditation by the Institute and Faculty of Actuaries
The University enjoys strong links with the Institute and Faculty of Actuaries (IFoA) and this course has been developed in consultation with them. The IFoA has accredited the couyrse, meaning that if you perform sufficiently well (obtaining an average of 65% or more) within the module assessments, you can gain exemption from the profession’s current CT 1-8 examinations - the first eight exams towards qualifying as a fellow of the IFoA.