Actuarial Science

Actuarial Science - BSc (Hons)

Actuarial Science student leaving the Sibson Building

Actuaries evaluate and manage financial risks, particularly in the financial services industry. If you are good at mathematics, enjoy problem-solving and are interested in financial matters, you should enjoy studying actuarial science.

Overview

Our specialist programmes combine the in-house expertise of our professionally qualified actuaries and internationally-renowned statisticians to ensure you are fully prepared for your future career. You will be encouraged to fulfil your potential while studying in our friendly and dynamic school based in the multi-award-winning Sibson Building.

Our degree programme

To help bridge the gap between school and university, you’ll cover material from the A Level Mathematics and Further Mathematics syllabuses, along with advanced topics taken from university-level studies preparing you for university. Alongside mathematics, you can choose optional modules covering topics from computing to history.

In Stages 2 and 3 you study modules that align with the professional exemptions from the Institute and Faculty of Actuaries (IFoA), preparing you for your career as a qualified actuary.

During your studies, you learn how to use PROPHET, an actuarial software widely used by the profession, along with other key computer software packages.

Accreditation

This degree programme is fully accredited by the Institute and Faculty of Actuaries (IFoA) and offers the full suite of Core Principles professional exemptions under the IFoA’s updated Curriculum 2019 exemption structure.

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.

Foundation year

If your grades do not qualify you for direct entry to this programme, you may be able to take a four-year degree with a foundation year. For more details see Actuarial Science with a Foundation Year.

Extra activities

Kent is home to the Invicta Actuarial Society. Run by students and staff, it encourages valuable contact with industry professionals. In previous years the Society has organised:

  • open lectures
  • discussions
  • socials and networking events.

You may want to join Kent Maths Society, which is run by students and holds talks, workshops and social activities.

The School of Mathematics, Statistics and Actuarial Science puts on regular events that you are welcome to attend. These may include:

  • seminars and workshops
  • employability events.

Flexible tariff

You are more than your grades

At Kent we look at your circumstances as a whole before deciding whether to make you an offer to study here. Find out more about how we offer flexibility and support before and during your degree.

Entry requirements

Please also see our general entry requirements.

  • medal-empty

    A level

    AAB including Maths at A but excluding Use of Maths.

    If taking both A level Mathematics and A level Further Mathematics:

    ABB including Maths at A and Further Maths at B but excluding Use of Maths.

  • medal-empty Access to HE Diploma

    The University will not necessarily make conditional offers to all Access candidates but will continue to assess them on an individual basis. 

    If we make you an offer, you will need to obtain/pass the overall Access to Higher Education Diploma and may also be required to obtain a proportion of the total level 3 credits and/or credits in particular 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

    34 points overall or 17 points at HL including Mathematics or Mathematics: Analysis and Approaches 6 at HL

  • medal-empty International Foundation Programme

    N/A

International students should visit our International Student website for further specific information. International fee-paying students who require a Student visa cannot study part-time due to visa restrictions.

English Language Requirements

Please see our English language entry requirements web page.

If you need to improve your English language standard as a condition of your offer, you can attend one of our pre-sessional courses in English for Academic Purposes before starting your degree programme. You attend these courses before starting your degree programme.

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Course structure

Duration: 3 years full-time

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 2021/22 annual tuition fees for this programme are:

  • Home full-time £9250
  • EU full-time £12600
  • International full-time £16800

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.

Additional costs

General additional costs

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

Funding

University funding

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

Government funding

You may be eligible for government finance to help pay for the costs of studying. See the Government's student finance website.

Scholarships

General scholarships

Scholarships are available for excellence in academic performance, sport and music and are awarded on merit. For further information on the range of awards available and to make an application see our scholarships website.

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.

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

Search scholarships

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 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.

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 scored 91% overall and was ranked 3rd for graduate prospects in The Complete University Guide 2021.

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.

Applications

We are no longer accepting applications for the 2021/22 academic year. Please visit the 2022 entry course pages.

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

Discover Uni information

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It includes:

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Find out more about the Unistats dataset on the Higher Education Statistics Agency website.