Actuarial Science

Actuarial Science - BSc (Hons)
with a Foundation Year

If you’d like a high-paying career in finance or insurance… If you’re good at mathematics, enjoy problem-solving and are interested in financial matters… you should consider studying actuarial science.

Overview

Our Foundation Year programme provides an opportunity for you to develop your mathematics skills and start learning some university-level material, fully preparing you for university study before you progress onto the Actuarial Science degree.

Actuaries evaluate and manage financial risks, particularly in the financial services industry. Our specialist programmes are taught by professionally qualified actuaries and internationally renowned statisticians to ensure you are fully prepared for your career.

Why study an Actuarial Science degree at Kent

  • Our degree programmes are fully accredited by the Institute and Faculty of Actuaries, which means that you can achieve up to six exemptions from the 13 professional examinations required to become a qualified actuary.
  • You can take a year in industry and gain invaluable actuarial work experience.
  • You’ll learn to use industry standard software like PROPHET and R.
  • You’ll benefit from the extensive industrial experience of our professional actuaries.
  • You’ll study in award-winning classrooms and breakout spaces that have been specially designed for mathematical sciences.
  • You'll be able to join brilliant student societies for specialist workshops, revision sessions, socials and networking events.

What you’ll study

You’ll immerse yourself in the mathematics, statistics, finance and economics that you need to qualify as an actuary. You’ll also develop skills that are highly valued by employers, including data science, coding in R and PROPHET, financial modelling and commercial awareness.

Year in industry

If you want to gain paid industry experience as part of your degree programme, consider our popular Actuarial Science with a Year in Industry. Our in-house Placements Team support you in developing the skills and knowledge needed to successfully secure a placement through a specialist programme of workshops and events.

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Entry requirements

The University will consider applications from students offering a wide range of qualifications. All applications are assessed on an individual basis but some of our typical requirements are listed below. Students offering qualifications not listed are welcome to contact our Admissions Team for further advice. Please also see our general entry requirements.

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    A level

    CCC including Mathematics at grade C. Use of Maths A level is not accepted as a required subject. 

  • medal-empty Access to HE Diploma

    The University welcomes applications from Access to Higher Education Diploma candidates for consideration. A typical offer may require you to obtain a proportion of Level 3 credits in relevant subjects at merit grade or above.

  • medal-empty BTEC Nationals

    The University will consider applicants holding BTEC National Diploma and Extended National Diploma Qualifications (QCF; NQF; OCR) on a case-by-case basis. Please contact us for further advice on your individual circumstances.

  • medal-empty International Baccalaureate

    24 points overall or 13 points HL including HL Maths or HL Mathematics: Analysis and Approaches at 4 or SL Maths or SL Mathematics: Analysis and Approaches at 6

  • medal-empty International Foundation Programme

    N/A

  • medal-empty T level

    The University will consider applicants holding T level qualifications in subjects closely aligned to the course.

When considering your application, we look at both your qualifications and your potential, as shown, for example, by your personal statement and the comments of your referees.

To take a foundation degree, you need to have an English language standard of 5.5 in IELTS; however please note that these requirements are subject to change.  For the latest details, see www.kent.ac.uk/ems/eng-lang-reqs

If you are an international student, visit our International Student website for further information about entry requirements for your country, including details of the International Foundation Programmes. Please note that international fee-paying students who require a Student visa cannot undertake a part-time programme due to visa restrictions.

Please note that meeting the typical offer/minimum requirement does not guarantee that you will receive an offer.

English Language Requirements

Please see our English language entry requirements web page.

Please note that if you do not meet our English language requirements, we offer a number of 'pre-sessional' courses in English for Academic Purposes. You attend these courses before starting your degree programme.

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Course structure

Duration: 4 years full-time (5 years with a year in industry)

Modules

The following modules are indicative of those offered on this programme. This listing is based on the current curriculum and may change year to year in response to new curriculum developments and innovation.  

On most programmes, you study a combination of compulsory and optional modules. You may also be able to take ‘elective’ modules from other programmes so you can customise your programme and explore other subjects that interest you.

Fees

The 2023/24 annual tuition fees for this course are:

  • Home full-time £9250
  • EU full-time £13500
  • International full-time £18000

For details of when and how to pay fees and charges, please see our Student Finance Guide.

For students continuing on this programme, fees will increase year on year by no more than RPI + 3% in each academic year of study except where regulated.* 

Your fee status

The University will assess your fee status as part of the application process. If you are uncertain about your fee status you may wish to seek advice from UKCISA before applying.

Fees for Year in Industry

Fees for Home undergraduates are £1,385.

Fees for Year Abroad

Fees for Home undergraduates are £1,385.

Students studying abroad for less than one academic year will pay full fees according to their fee status.

Additional costs

Find out more about accommodation and living costs, plus general additional costs that you may pay when studying at Kent.

Funding

We have a range of subject-specific awards and scholarships for academic, sporting and musical achievement.

Search scholarships

Kent offers generous financial support schemes to assist eligible undergraduate students during their studies. See our funding page for more details. 

The Kent Scholarship for Academic Excellence

At Kent we recognise, encourage and reward excellence. We have created the Kent Scholarship for Academic Excellence. 

The scholarship will be awarded to any applicant who achieves a minimum of A*AA over three A levels, or the equivalent qualifications (including BTEC and IB) as specified on our scholarships pages.

Teaching and assessment

Most of the teaching is by lectures and examples classes. At Stage 1, you can go to regular supervised classes where you can get help and advice on the way you approach problems. Modules that include programming or working with computer software packages usually involve practical sessions.

Each year, there are a number of special lectures by visiting actuaries from external organisations, to which all students are invited. These lectures help to bridge the gap between actuarial theory and its practical applications.

The course provides practical experience of working with PROPHET, a market-leading actuarial software package used by commercial companies worldwide for profit testing, valuation and model office work. 

Modules are assessed by end-of-year examinations, or by a combination of coursework and examinations.

Contact hours

For a student studying full time, each academic year of the programme will comprise 1200 learning hours which include both direct contact hours and private study hours.  The precise breakdown of hours will be subject dependent and will vary according to modules.  Please refer to the individual module details under Course Structure.

Methods of assessment will vary according to subject specialism and individual modules.  Please refer to the individual module details under Course Structure.

Programme aims

We aim to help students develop:

  • skills and knowledge appropriate to graduates in mathematical subjects
  • the ability to use rigorous reasoning and precise expression
  • the capabilities to formulate and solve problems
  • an appreciation of recent actuarial developments, and of the links between the theory and its practical application in industry
  • the ability to formulate a logical, mathematical approach to solving problems
  • an enhanced capacity for independent thought and work
  • competence in the use of IT and the relevant software
  • opportunities to study advanced topics, engage in research and develop communication and personal skills
  • eligibility for up to eight exemptions from examinations of the Institute and Faculty of Actuaries.

In addition, the Year in Industry enables students to gain awareness of the application of technical concepts in the workplace.

Learning outcomes

Knowledge and understanding

You gain knowledge and understanding of:

  • the principles of specific actuarial mathematics techniques including calculus, algebra, mathematical methods, discrete mathematics, analysis and linear algebra
  • probability and inference and time series modelling, plus specialist statistics applications in insurance
  • IT skills relevant to actuaries
  • methods and techniques appropriate to the mathematics of finance, finance and financial reporting, and financial economics
  • the principles of economics as relevant to actuaries
  • methods and techniques appropriate to survival models
  • the core areas of actuarial practice.

Intellectual skills

You gain the following intellectual abilities:

  • a reasonable understanding of the programme's main body of knowledge
  • skills in calculation and manipulation of the material in the programme
  • the ability to apply a range of concepts and principles in various contexts
  • how to present a logical argument
  • solving problems using various appropriate methods
  • IT skills
  • research, presentation and report-writing skills
  • an aptitude to work independently with relatively little guidance.

Subject-specific skills

You gain actuarial science skills in the following:

  • specific mathematical and statistical techniques and their application to solving actuarial problems
  • use of industry-specific IT skills and software
  • an understanding of the practical applications of the subject material in insurance
  • the ability to develop simple actuarial computer models to solve actuarial problems and to interpret and communicate the results.

Transferable skills

You gain transferable skills in the following:

  • problem-solving in relation to qualitative and quantitative information
  • written and oral communication skills
  • numeracy and computation
  • information retrieval, in relation to primary and secondary information sources, including online computer searches
  • word-processing and other IT skills, including spreadsheets and internet communication
  • interpersonal skills such as the ability to interact with other people and to engage in team-working
  • time-management and organisation, and the ability to plan and implement efficient and effective modes of working
  • study skills required for continuing professional development.

Independent rankings

Mathematics at Kent was ranked 19th for student satisfaction in The Complete University Guide 2023.

Careers

Graduate destinations

The Actuarial Science programme allows you to gain exemptions from the professional examinations set by the UK actuarial profession, so our graduates have a head start when looking to qualify as actuaries. It also provides an excellent foundation for careers in many other areas of finance and risk.

Recent graduates have gone on to work in:

  • insurance companies and consultancy practices
  • the Government Actuary’s Department
  • the London Stock Exchange
  • other areas of financial management.

Help finding a job

The University has a friendly Careers and Employability Service, which can give you advice on how to:

  • apply for jobs
  • write a good CV
  • perform well in interviews.

Career-enhancing skills

You graduate with an excellent grounding in the fundamental concepts and principles of actuarial science, together with practical experience in the use of industry-standard actuarial software.

To help you appeal to employers, you also learn key transferable skills that are essential for all graduates. These include the ability to:

  • think critically
  • communicate your ideas and opinions
  • manage your time effectively
  • work independently or as part of a team.

You can also gain extra skills by signing up for one of our Kent Extra activities, such as learning a language or volunteering.

Apply for Actuarial Science with a Foundation Year - BSc (Hons)

If you are from the UK or Ireland, you must apply for this course through UCAS. If you are not from the UK or Ireland, you can apply through UCAS or directly on our website if you have never used UCAS and you do not intend to use UCAS in the future.

Find out more about how to apply

All applicants

International applicants

Contact us

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United Kingdom/EU enquiries

Enquire online for full-time study

T: +44 (0)1227 816410

E: smsasugadmissions@kent.ac.uk

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International student enquiries

Enquire online

T: +44 (0)1227 823254
E: internationalstudent@kent.ac.uk

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