You excel in and enjoy mathematics, especially modelling and probability. You love asking “What if?”.
The skills you gain on the Actuarial Science undergraduate course will kickstart your actuarial career. You can also enter careers in risk management, investment management or financial analysis.
If you enjoy mathematics, statistics, probability and economics you will find this course ideal.
This module will initially consolidate your mathematical knowledge to ensure all students have the same basic understanding no matter what their educational background. In the second term we will cover more advanced mathematical topics. The mathematics course is designed to give you the tools needed to solve the problems in the other modules.
The probability and statistics module will assume that students will arrive with no knowledge of probability or statistics. The module will start with basic concepts such as summary statistics and basic probability and will develop these concepts to more advanced topics such as confidence intervals, hypothesis testing, regression and probability distributions. This module forms part of the CS1 course of the IFoA.
This module will focus on the concept of valuing future monetary payments in terms of present values to allow a comparison of different income streams which is critical in any financial decision making. In this module we will consider all payments to be guaranteed. We will also look at linking amounts to various inflation indices. This module covers part of the CM1 course of the IFoA.
To be able to understand the possible changes in the financial world, students need to study economics. This module assumes no prior knowledge and will cover both micro and macro economics over the year. This module covers the CB2 course of the IFoA.
This module is different to the other modules that you study as one of its main goals is to introduce you to the different areas that actuaries work in to allow you to start to contemplate which areas will be most suited to your strengths and interests. In addition, this module is partly assessed by a group presentation which is a skill you will require when applying for jobs.
This module introduces you to the statistical package Minitab and Excel workbooks, There will also be additional information on the statistical package R but this will not be examined. The lectures and practical sessions are scheduled in such a way that you are able to use the IT tools presented in this module to solve problems generated by concepts introduced in other modules on the programme.
This module aims to Provide you with an introduction to programming in VBA for Excel, to the level where you can write macros and user-defined functions to assist in carrying out analytical tasks. It will also explain the reasons for technical standards of documentation and give instruction in how to apply them in practice.
This module will combine the ideas of probability and financial mathematics to allow you to start valuing payments that are contingent on particular events occurring. In this module we will mainly be using the techniques to value life assurance products. This module covers part of the CM1 course of the IFoA.
This module will continue your development in the areas of probability and statistics. In particular, we will be employing ideas from your first year mathematics module to allow more complex situations to be modelled. This module forms the second part of the CS1 of the IFoA.
This module will allow you to study ways to model uncertainty for a selection of probabilistic events. The techniques you learn here can be applied to a number of different situations and will be developed further in more advanced modules. This module covers part of the CS2 course of the IFoA.
The aim of this module is to enable you to place the technical material you are learning in the other actuarial modules into the broader context of the work of a practising actuary. Talks from professional actuaries underline the practical value of applying your knowledge in a day-to-day professional working environment. Assessment will be delivered through group coursework.
This module covers the modelling of survival data which is essential in actuarial work. It will combine ideas covered in earlier modules in particular Stochastic Models, Contingencies and Probability and Statistics. This module covers part of the CS2 course of the IFoA.
This module will provide a further continuation in your development in the areas of probability and statistics. In particular, we give you an introduction to several advanced statistical techniques as applied in the actuarial field. This module completes the CS1 course of the IFoA.
This module builds further on your knowledge of probability theory and stochastic modelling. It introduces some advanced models that are or can be applied in actuarial work.. This module completes the CS2 course of the IFoA.
