Mathematics and Actuarial Science

BSc, 3-4 years

This is for you if... you are interested in entering the often lucrative actuarial profession and you have a strong mathematical knowledge and understanding.

Course Description

This Mathematics and Actuarial Science BSc combines two important, related subjects.

Actuarial science is the study of risk and uncertainty, usually of a financial and long-term nature. Professionals who work in this industry are called actuaries, and it’s a career that’s regularly voted as a top three choice in job rankings. The strong intellectual challenges combined with the expected financial rewards make this a highly sought-after profession.

Mathematics is one of the most fascinating and intellectually challenging subjects you can study. The Department of Mathematics at the University of Leicester is home to an enthusiastic group of mathematicians, both staff and students.

Completing this degree can lead to you obtaining exemptions from the first tier of the Institute and Faculty of Actuaries' exams, alongside a wide range of related skills which will enable you to add value in many areas for your future employers.

Leicester is one of the first universities to fully embed the Institute and Faculty of Actuaries’ Curriculum 2019 syllabus into our Actuarial courses. This means we integrate more business-focused knowledge and skills, such as data science and predictive analytics, as well as focusing more keenly on the development of personal and professional competencies. With the added benefit of an optional year in industry, this will help you become more work-ready in a competitive environment.

Key Facts
Typical offer
AAB
UCAS code
GN1H
Start date
September 2018
Department
Mathematics
Contact

Admissions enquiries
+44 (0)116 252 5281
seadmissions@le.ac.uk

Course enquiries
+44 (0)116 252 3896
mathsug@le.ac.uk

Department of Mathematics website

View Key Information Sets

Why Leicester?

We have already embedded the brand new ‘Curriculum 2019’ from the Institute and Faculty of Actuaries into the course, meaning our modules are more industry-focused than many of our competitors.

The Department of Mathematics regularly hosts national and international mathematics conferences, which attract leading speakers from across the globe.

We have a thriving, student-led Leicester Actuarial Science Society (LASS) which organises a range of events throughout the year with high profile speakers from the actuarial profession and finance industry more generally.

Our actuarial staff team comprise both academic researchers in actuarial science, whose research greatly enriches the syllabus offered, and recent practitioners from industry who can show how the subjects are related to current actuarial practice.

Course Structure

Year 1

Year 1

Modules

  • Calculus and Analysis
  • Linear Algebra
  • Probability
  • Introductory Statistics
  • Business Microeconomics
  • Business Macroeconomics

At the end of Year 1 it may be possible to transfer to the BSc in Mathematics (or the four-year MMath).

Modules shown represent choices available to current students. The range of modules available and the content of any individual module may change in future years.

Year 2

Year 2

Modules

  • Actuarial Modelling 1
  • Actuarial Modelling 2
  • Markov Processes
  • Survival Models
  • Statistical Distributions and Inference
  • Statistical Data Analysis
  • Actuarial Professional Skills and Employability
  • Business Finance

Modules shown represent choices available to current students. The range of modules available and the content of any individual module may change in future years.

Year in Industry (optional)

Year in Industry (optional)

If you want to, you can take a year out between Years 2 and 3 to work in an industrial placement (provided you meet set criteria). Or you can opt to continue studying at the University and complete your degree in three years.

NB. A year spent on an industrial placement still incurs a tuition fee, but this is much lower than for a normal year at Leicester. See our Fees and Funding section for details.

You will undertake a programme of training and practical experience that is agreed between the sponsoring company and the University. A member of staff will be individually assigned to you as your industrial placement tutor, who will be in regular contact with you throughout your placement and will visit the sponsoring company.

A year in industry is a great opportunity which can give you first-hand experience of working in a mathematics-related career while also enhancing your employability skills and allowing you to network with people in industry.

 

Modules shown represent choices available to current students. The range of modules available and the content of any individual module may change in future years.

Year 3

Year 3

Core modules

  • Financial Mathematics
  • Mathematical Portfolio Theory
  • Liability Modelling

Option modules

Chose two option modules from:

  • Operational Research
  • Readings in Actuarial Science
  • And two modules from our School of Business (details TBC)

Then choose two option modules from:

  • Generalised Linear Models
  • Data Mining and Neural Networks
  • Communicating Mathematics
  • And two modules from our School of Business (details TBC)

Plus your Actuarial Project


Modules shown represent choices available to current students. The range of modules available and the content of any individual module may change in future years.

Additional Information

Accreditation 

The BSc in Mathematics and Actuarial Science is aimed at students who are specifically interested in becoming an Actuary. 

This course is fully accredited by the Institute and Faculty of Actuaries, meaning that it is one of only 12 in the UK able to offer exemptions from the whole CT1-8 of the Core Technical examinations. 

Major/Minor Degrees

Major/Minor degrees enable you to create your own degree. You can study a core area in depth (your major subject), while also exploring an additional area (your minor subject).

Why not complement your Major with a subject that you enjoyed before, or which has vocational elements that can boost your career prospects? Alternatively, you may want to try something completely new that you’ve always been interested in, like a language.

Find out more

Teaching and Assessment

As well as lectures, your course will involve regular group meetings, run by both staff and other students, where students’ work is discussed. You will gain experience in presenting mathematical arguments to fellow students, which will enhance and develop your presentation and communication skills.

Development of ICT and programming skills is an integral part of all our mathematics degrees. Through a combination of computer labs and dedicated modules, you will learn to use the computational functions in Excel, program in Matlab and VBA and use LaTeX for scientific writing. However, no previous knowledge of computing is needed for any of our degrees.

A typical week for a first or second year student might consist of nine or ten hours of lectures, about four hours of small group working and about three hours of problem classes or computer classes. You will also spend several hours a week on private study: review of lecture material, problem solving, additional reading and preparing for tutorials.

Independent learning

When not attending lectures, seminars or other timetabled sessions you will be expected to continue learning independently through self-study. Typically, this will involve reading journal articles and books, working on individual and group projects, undertaking research in the library, preparing coursework assignments and presentations, and preparing for exams. To help with your independent learning, you can access the Library and our social study spaces in halls of residence.

Overall workload

Typical workload hours for Mathematics courses in 2016/17:

Year 1: 26% of your time is spent in timetabled teaching and learning activity

  • Teaching, learning and assessment: 312 hours
  • Independent learning: 888 hours

Year 2: 23% of your time is spent in timetabled teaching and learning activity

  • Teaching, learning and assessment: 276 hours
  • Independent learning: 924 hours

Optional year abroad: If you’re spending a year abroad, your contact hours will vary depending on the institution you’re studying at.

Final year: 19% of your time is spent in timetabled teaching and learning activity

  • Teaching, learning and assessment: 228 hours
  • Independent learning: 972 hours

While your actual contact hours may depend on the option modules you select, the above information gives an indication of how much time you will need to allocate to different activities for each year of your course.

Academic support

Our Student Learning Development Team provides help in the following areas:

  • study and exam skills
  • academic writing
  • presentations
  • dissertations
  • numerical data skills
  • referencing sources

Our AccessAbility Centre offers support and practical help for students with dyslexia or other specific learning difficulties, including physical, mental health or mobility difficulties, deafness, or visual impairment.

Teaching staff

You will be taught by an experienced teaching team whose expertise and knowledge are closely matched to the content of the modules on the course. PhD research students who have undertaken teacher training may also contribute to the teaching of seminars under the supervision of the module leader. Our teaching is informed by the research we do. You can learn more about our staff by visiting our staff profiles.

Entry Requirements

  • A/AS-levels: AAB including Grade A at Maths. Two AS-levels considered in place of one A-level. General Studies accepted.
  • EPQ with A-levels: ABB + EPQ at grade B. A-level subjects to include Maths at grade A.
  • Access to HE Diploma: Pass relevant diploma with some credits at distinction including Maths.
  • International Baccalaureate: Pass Diploma with 32 points including 6 in HL Maths.
  • BTEC Nationals: Pass Diploma with DDM plus Grade A at Maths A-Level. Please contact department regarding eligibility.

Other national and international qualifications considered.

If you do not meet the entry requirements for this course, you can apply for the International Foundation Year run by our dedicated International Study Centre. The ISC
provides academic and English language support to help you progress to your chosen undergraduate degree at the University of Leicester. 

Selection Process

When considering your application, we will look for evidence that you will be able to fulfil the objectives of the course and achieve the standards required. We will take into account a range of factors including previous exam results.

Applicants are not normally interviewed. If you receive an offer you will be invited to visit the department.

English Language Requirements

IELTS 6.0 or equivalent. If your first language is not English, you may need to provide evidence of your English language ability. If you do not yet meet our requirements, our English Language Teaching Unit (ELTU) offers a range of courses to help you to improve your English to the necessary standard.

International Qualifications

Find your country in this list to check equivalent qualifications, scholarships and additional requirements.

Countries list

Fees and Funding

  • Starting in 2017

    • £9,250 in your first year. After 2017/18, the tuition fee you pay may increase annually in line with inflation (RPIX) and is subject to government regulations. (RPIX is a measure of inflation in the UK, equivalent to all items in the Retail Price Index (RPI) excluding mortgage interest payments.)
    • Year in Industry: your fee will be 15% of the full-time tuition fee that applies in that year. 

    Starting in 2018

    • TBC

    Find out more about scholarships and funding.

    Additional costs

    Please note that you will need to buy a Casio FX83GT calculator (approximately £6). This is not included in your tuition fee.

     

  • Starting in 2017

    • £15,290 per year
    • Year in Industry: your fee will be £2,293.50 which is 15% of the full-time tuition fee.

    Starting in 2018

    • TBC

    Find out more about scholarships and funding.

    Additional costs

    Please note that you will need to buy a Casio FX83GT calculator (approximately £6). This is not included in your tuition fee.

     

Career Opportunities

Our drop-in sessions are tailored to develop employability skills.

Training in computing and programming is available for all students, helping you develop work-place skills.

Our highly active actuarial society (LASS) provides opportunities to meet and question actuarial employers from life insurance, general insurance, pensions, investments and wider fields, as well as those with a research background.

Careers

Our Career Development Service is here to support you, with advice on interviews, CVs, work experience, volunteering and more. From Freshers’ Week to Graduation and beyond, they are here to help you reach your professional goals.

Course Qualification Duration UCAS Code Availability
Mathematics and Actuarial Science BSc 3 years full-time GN1H Apply Now
Mathematics and Actuarial Science with Year in Industry BSc 4 years, full-time GN1H Apply Now
Course
Mathematics and Actuarial Science
Qualification
BSc
Duration
3 years full-time
UCAS Code
GN1H
Availability
Course
Mathematics and Actuarial Science with Year in Industry
Qualification
BSc
Duration
4 years, full-time
UCAS Code
GN1H
Availability

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