City University London
Actuarial Science BSc (Hons)
City University London

Key Course Facts

Salary

Salary of Graduates in Finance, Banking, Corporate Finance, Fintech

Important: Salary data below is not course specific, but contains data of all students of Finance, Banking, Corporate Finance, Fintech at the university. Due to data collection methodology, salary data is mainly based on data related to undergraduate students.

  15 months after graduation 3 years after graduation 5 years after graduation
Median salary £32000 £36000 £47000
25-75 percentile range £30000 - £38000 £28000 - £48000 £32000 - £67000


Salary of all UK Graduates of Finance, Banking, Corporate Finance, Fintech

  15 months after graduation 3 years after graduation 5 years after graduation
Median salary £25010 £26844 £34100
25-75 percentile range £21999 - £30181 £20891 - £36088 £24232 - £47892

Course Description

The BSc (Hons) Actuarial Science degree is delivered by Bayes Business School (formerly Cass), one of Europe’s leading business schools. Part of City, University of London, Bayes is ranked amongst the top 6 business schools in the UK*.

As England’s longest established Actuarial Science degree, this course offers students a sound education in actuarial and financial studies, mathematics and statistics. You will develop your ability to make reasoned judgements, frame appropriate questions and draw independent conclusions and gain highly prized financial risk management skills.

Actuarial science involves the application of quantitative skills to problems in finance that normally involve risk or uncertainty, such as insurance. If you enjoy mathematics, statistics, probability and economics you will find this course ideal. For the duration of your degree, you’ll delve deeper into these course subjects, as well as stochastic models, finance and financial reporting, business and, naturally, actuarial science itself. You’ll also produce a self-researched final-year project on an area that interests and reflects your ambitions.

The degree provides students with the skills to start their actuarial career, with the added flexibility of allowing students to alternatively use these skills to enter risk management, investment management or financial analysis upon graduation. This degree can provide exemptions from subjects CM1, CM2, CS1, CS2, CB1 and CB2 of the Institute and Faculty of Actuaries’ examinations.

In each year of your degree, you will study a core set of modules that will allow you to focus on actuarial science, alongside modules that will broaden your studies into other areas of economics and business. In fact, the Actuarial Science degree at Bayes contains more credits than the majority of all other actuarial science degrees in the UK. By studying for 450 credits rather than the standard 360 credits during your degree, you are able to obtain in depth understanding in specialisms such as business management, real estate finance, financial derivatives and extreme value theory.

Many of our lecturers are qualified actuaries and have worked in industry and continue to consult for corporate organisations, so you will benefit from their first-hand knowledge and business experience. As we place a high value on teaching both theory and application, you will emerge from your degree with a good understanding of how to use your newly acquired knowledge in the workplace, whether this concerns a career as an actuary or an alternative direction (such as, for example, risk manager).

Ethics are an essential and unavoidable aspect of an actuary’s career and the ethical aspects of risk management are considered throughout the course. We are committed to developing responsible and socially aware actuaries, as many of the decisions that you will make in your career will affect numerous stakeholders all of whose views and situations must be taken into account.

A key part of this degree is the opportunity to gain professional work experience or a period of study abroad. Students are eligible to apply for a one-year paid work placement during the third year of a four-year sandwich degree course. Students enjoy a wide range of opportunities in business areas such as insurance and risk management, actuarial investment pricing and capital management. Recent placements include: the Association of British Insurers, Aviva/Friends Life, Prudential and Legal & General.

Students can alternatively apply to spend one year studying abroad during the third year of a four-year sandwich degree course. Students can apply to study at a business school at one of our prestigious partner universities, including the University of Waterloo, Canada; and the Chinese University of Hong Kong.

*Financial Times European Business School Ranking 2022

Accredited by the Association to Advance Collegiate Schools of Business (AACSB).

Accredited by the Institute and Faculty of Actuaries for the purpose of exemption from some professional examinations.

Accredited by the EFMD Quality Improvement System.

Accredited by the Chartered Insurance Institute (CII) for the purpose of some exemptions from professional examinations.

Jobs & Career Perspectives

15 months after graduation, graduates of this course were asked about what they do and, if they are working, about their current job and their perspectives.

Current jobs

Required skill level of job after 15 months

Jobs of graduates of this course (15 months after graduation)

Example below based on all graduates of Actuarial Science BSc (Hons) at City University London

65% Sales occupations
20% Managers, directors and senior officials
5% Business, Research and Administrative Professionals
5% Leisure, travel and related personal service occupations
5%

Grading & Study Time

You will be assessed using a variety of methods, depending on module choices including: - Coursework - Unseen written examinations, taking place at the end of each term (or at the end of a year, if a module is taught over two terms) - Class tests - Online quizzes and tests, using the Virtual Learning Environment - Presentation - Group projects, individual projects. ****Percentage of the course assessed by coursework:**** The balance of assessment by examination, practical examination and assessment by coursework will to some extent depend on the optional modules you choose. The approximate percentage of the course assessment,is as follows: **Year 1** **67% written, 4% practical, 29% coursework** **Year 2** **73% written, 27% coursework** **Year 3** **65% written, 2% practical, 33% coursework**

Entry Requirements / Admissions

UCAS Tariff of Accepted Students for this course

As a global institution, Bayes Business School aims to foster greater racial diversity in business. Therefore Bayes has launched a new scholarship for undergraduate black British students. We are offering ten scholarships for Black UK-domiciled undergraduate students from lower than average income households. Each scholarship covers the full tuition fee (at home-fee level) and a £6,000 annual stipend for three years. Scholarship holders will also be offered mentoring and support. The Bayes International Scholarship is awarded to students who achieve exceptional grades. The scholarship will be awarded as a discount in the fee amount due in the first year of their study only. City, University of London also offers scholarships for UK students who achieve exceptional grades. The scholarship will likely be awarded as a discount in the fee amount due in the first year of their study only. Please visit www.bayes.city.ac.uk/study/undergraduate/application-and-funding/scholarships for further information about scholarships including eligibility criteria. Eligibility criteria for students starting their studies in September 2024 will be updated in September 2023. Conditions are subject to annual change.

Get advice on which foundation courses are best for you to still study Actuarial Science, BSc (Hons), if you do not meet the minimum requirements in terms of UCAS score, A levels, or English language requirements.

Costs

Tuition Fees Actuarial Science BSc (Hons)

England UK £9250 year 1
Northern Ireland £9250 year 1
Scotland £9250 year 1
Wales £9250 year 1
EU £24500 year 1
International £24500 year 1
Channel Islands £24500 year 1
Ireland £24500 year 1

Average student cost of living in London

Rent £518
Water, gas electricity, internet (at home) £50
Supermarket shopping £81
Clothing £35
Eating out £33
Alcohol £27
Takeaways / food deliveries £30
Going out / entertainment (excl.alcohol, food) £24
Holidays and weekend trips £78
Transport within city £17
Self-care / sports £20
Stationary / books £13
Mobile phone / internet £13
Cable TV / streaming £7
Insurance £51
Other £95
  
Average student cost of living £1092

London costs approx 34% more than average, mainly due to rent being 67% higher than average of other cities. For students staying in student halls, costs of water, gas, electricity, wifi are generally included in the rental. Students in smaller cities where accommodation is in walking/biking distance transport costs tend to be significantly smaller.

How to apply

Application deadline:

January 1, 2025

This is the deadline for applications to be completed and sent for this course. If the university or college still has places available you can apply after this date, but your application is not guaranteed to be considered.

Possible Entry Points:

  • year 1 (Default entry point)

University Rankings

Positions of City University London in top UK and global rankings.

Rankings of City University London in related subject specific rankings.

Business

    • #4 
    • #51 
    Finance
    GRAS Global Ranking of Academic Subjects - ShanghaiRanking
    [Published 19 July, 2022]

See all 27 university rankings of City University London

About City University London

Founded in 1894, City University London (a.k.a. City) is located in Central London. Due to its location, City attracts students from around the world, and as a result offers a diverse campus culture. The facilities on-site have been developed with each student’s future work environment in mind. So Law students have access to simulation courts of law, and future Nurses can expect to make use of mock medical wards. Academics aside, being located in Central London means learners can get around quickly thanks to the numerous public transport options in the area.

List of 153 Bachelor and Master Courses from City University London - Course Catalogue

Student composition of City University London

undergraduates:
11620
postgraduates:
4690
Total:
16310
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Where is this programme taught

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