Swansea University
Actuarial Science with a Year Abroad BSc
Swansea University

Key Course Facts

Student Reviews

Below you can see course specific reviews of 150 graduates of Actuarial Science with a Year Abroad BSc and other courses in Finance, Banking, Corporate Finance, Fintech at Swansea University for each of the survey questions in comparison to the average for all UK degree courses in Finance, Banking, Corporate Finance, Fintech.

Overall student satisfaction
81 /100
150 total respondents

Primarily based on data from undergraduate degree students.

The NSS is commissioned by the Office for Students

Salary

Salary of Graduates in Business and Management

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 £26000 £23500 £29500
25-75 percentile range £23000 - £32000 £19500 - £30500 £24500 - £40500


Salary of all UK Graduates of Business and Management

  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

Actuarial Science brings together mathematical, statistical and financial techniques to minimise financial risk in areas such as commerce, insurance, finance and government, and this new degree could lead to highly rewarding careers in fields such as insurance, annuities, and pensions. Actuarial salaries begin at £30,000 and can progress to six figures. The programme will provide a solid training aligned with the Core Principles syllabus of Institute and Faculty of Actuaries. Depending on the grades obtained, completion of the degree programme can lead to a recommendation for exemption from some or all of CS1, CS2, CM1, CM2, CB1, and CB2.

As a student, you will be taught in our £32.5m Computational Foundry, a world class centre with state-of-the-art facilities for teaching and research, as well as networking and meeting spaces, to help prepare you for a successful and rewarding career.

The programme will be delivered by the Department of Mathematics in conjunction with the School of Management, both located on the Bay Campus.

This course will give you a solid training highly aligned with that required for entrance to the actuarial profession – a career which is financially rewarding, highly sought after and a ‘passport’ to working in the global environment.

It will cover topics such as: calculus, analysis, algebra, applied statistics, accounting for business, economics for accounting and finance, real analysis and metric spaces, vector calculus and measure theory, groups and rings, probability, financial accounting, investments, assets, equities and bonds, complex variables, stochastic processes, financial mathematics, stochastic processes and survival models, and actuarial models and interest rates.

We guarantee that you will be made a conditional offer for a course at Swansea University. Subject requirements will apply. Please come along to our next Open Day or get in touch for further information.

Accredited by the Institute and Faculty of Actuaries for the purpose of exemption from some 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 with a Year Abroad BSc at Swansea University

35% Administrative occupations
20% Teaching and Childcare Support Occupation
15% Teaching Professionals
5% Welfare and housing associate professionals
5% Sales occupations
5% Teaching and Childcare Support Occupation
5% Media Professionals
5% Teaching and Childcare Associate Professionals
5% Caring personal services
5% Artistic, literary and media occupations

You will be taught through a combination of lectures, tutor-led tutorials and regular (non-assessed) coursework. The final year modules are more student-centred, to reflect a progression in teaching methods appropriate to the subjects taught. Throughout, the learner is encouraged to undertake independent reading both to supplement and consolidate what is being taught/learnt and to broaden knowledge and understanding of the subject. You will be assessed through a combination of unseen written examinations, set assignments and presentations.

Entry Requirements / Admissions

UCAS Tariff of Accepted Students for Finance, Banking, Corporate Finance, Fintech

Qualification requirements

Where an applicant is taking the EPQ in a relevant subject this might be considered alongside other Level 3 qualifications and may attract an alternative offer in addition to the standard offer. If you are taking A Levels, this would be BBB-ABB at A Level (preferably including a foreign language) and grade A in the EPQ.

Scottish Higher qualifications are considered on an individual basis

Pearson BTEC Level 3 National Extended Diploma (first teaching from September 2016)

31-30 overall or 665-655 in 3 HL subjects.

Requirements for international students / English requirements

IELTS academic test score (similar tests may be accepted as well)

    • 6.5
    • All Degrees
Get advice on which foundation courses are best for you to still study Actuarial Science with a Year Abroad, BSc, if you do not meet the minimum requirements in terms of UCAS score, A levels, or English language requirements.

Costs

Average student cost of living in the UK

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 Swansea University in top UK and global rankings.

See all 29 university rankings of Swansea University

About Swansea University

Swansea University was established in 1920 and is located in the large city of Swansea, in Wales. There are two campuses, the flagship campus is located between Singleton Park, with its green parkland and botanical gardens, and Swansea Bay beach. The more recent Bay Campus on the other hand is located on an extensive beachfront property on the eastern side of town, past the marina. Apart from a vibrant academic life, students can attend the numerous yearly festivals that take place in Swansea, guaranteeing plenty of opportunities for getting out and about in your free time.

List of 442 Bachelor and Master Courses from Swansea University - Course Catalogue

  • Studying at Swansea University
  • What is it like studying at Swansea University?
  • Swansea University: Rachel Huggins on her first-class degree in Mental Health Nursing
  • Why students choose Swansea University
  • My Swansea University Journey to Final Year // Wayne
  • Sport at Swansea University #SportSwansea

Where is this programme taught

Singleton Park Campus
map marker Show on map

Similar courses

Program University Student satis­faction Unem­ployed Drop­out Tuition (UK) Tuition (Inter­national) UCAS Tariff City
Actuarial Science with a Year Abroad BSc (Hons) University of East Anglia 84% 5% 10% £9250 £20600 140 Norwich On campus Full-time
Actuarial Science and Risk Management BSc (Hons) Queen's University of Belfast 81% 0% 5% £9250 £20800 187 Belfast On campus Full-time
Actuarial Science BSc (Hons) University of Essex 85% 0% 0% £9250 £20500 119 Colchester On campus Full-time
Actuarial Science (Including Placement Year) BSc (Hons) University of Essex - 0% 6% £9250 £20500 119 Colchester On campus Full-time
Actuarial Science BSc (Hons) The University of York 76% 6% 6% £9250 £23700 168 York On campus Full-time
Actuarial Science (Including Foundation Year) BA/BSc (Hons) University of Essex - 0% 6% £9250 £20500 119 Colchester On campus Full-time
Actuarial Science with a year in industry BSc (Hons) The University of York 76% 6% 10% £9250 £23700 172 York On campus Full-time
Actuarial Science BSc (Hons) University of East Anglia 84% 5% 10% £9250 £20600 140 Norwich On campus Full-time
Actuarial Science (Including Year Abroad) BSc (Hons) University of Essex 81% 0% 6% £9250 £20500 119 Colchester On campus Full-time
Actuarial Science BSc (Hons) The London School of Economics and Political Science 66% 0% 3% £9250 £25656 184 London On campus Full-time