University of East Anglia
Actuarial Science with a Year Abroad BSc (Hons)
University of East Anglia

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 £26000 £33000 £40000
25-75 percentile range £23000 - £32000 £25000 - £42500 £27000 - £46500


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

Overview

Study the art of risk: measuring it, assessing it, managing it, mitigating it – and sometimes profiting from it. 

Crossing the road, making a cup of tea, flying on holiday, starting a new business: nearly everything in life encompasses an element of risk. And to an Actuary, risk is everything. If you’re strong on mathematics and have an interest in business and economics, are fascinated by world events and not afraid to take an educated gamble, a career in this small but growing (and pretty lucrative) profession could be ideal. 

About This Course

Our Actuarial Science with a Year Abroad degree will teach you how to look to the future from a business perspective, assess any likely impact, then put a price on mitigating any risk. And, due to our strong links with industry, you’ll have opportunities to put the theory into practice. 

By adding a year abroad to your programme, you’ll have the opportunity to broaden your skillset further by taking additional modules at a partner university. A year abroad will also develop your personal skills and make you stand out to potential employers in the competitive graduate recruitment marketplace. 

Actuarial Science is exciting, challenging and stimulating – and its skillsets are in increasingly high demand. 

If you have a love of mathematics and business but want to work with them in a more applied field, Actuarial Science is a great choice. As well as becoming a professional Actuary, it opens up doors to broader fields including data science and risk management. 

Our multidisciplinary Actuarial Science degree course brings together UEA’s Schools of Mathematics, Computing Sciences and Economics, along with the expertise of practicing actuaries. You’ll develop core skills in mathematics, statistics and finance, and each year you’ll have the option to choose a traditional actuarial module or, if you’re thinking about specialising in data science, you’ll be able focus on developing additional computing skills. Plus, we’ll help you hone the communication and presentation skills essential to any graduate entering the financial sector.

Our strong links with industry mean you’ll have unique opportunities to see theory put into practice, and our syllabus includes guest lectures from working professionals, such as experts from Aviva. What’s more, you’ll have the opportunity to gain exemptions from the professional examinations set by the Institute and Faculty of Actuaries, so you could graduate one step ahead of your competition. 

The year abroad will provide you with an opportunity to enhance and expand both your academic and interpersonal skills. It will allow you to create a truly bespoke programme based on your own interests. 

Disclaimer

Course details are subject to change. You should always confirm the details on the provider's website: **www.uea.ac.uk**

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 (Hons) at University of East Anglia

25% Finance Professionals
20% Business, Research and Administrative Professionals
15% Customer service occupations
10% Information Technology Professionals
10% Sales occupations
5% Business and public service associate professionals
5% Administrative occupations
5% Finance Professionals
5% Customer service occupations
0% Business and public service associate professionals

Entry Requirements / Admissions

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

Qualification requirements

Including a relevant subject/science @ C or above (80 UCAS tariff points)

Access to HE Diploma

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

GCSE Requirements: GCSE English Language grade 4 or C and GCSE Mathematics grade 4 or C. We welcome a wide range of qualifications and combinations of qualifications - for further information please contact us at https://www.uea.ac.uk

English language requirements

test Grade Additional Details
IELTS (Academic) 6

IELTS: 6.0 overall (minimum 5.5 in each component)


Get advice on which foundation courses are best for you to still study Actuarial Science with a Year Abroad, 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 with a Year Abroad BSc (Hons)

England UK £9250 year 1
Northern Ireland £9250 year 1
Scotland £9250 year 1
Wales £9250 year 1
Channel Islands £9250 year 1
International £20600 year 1

Additional fee information

Tuition fees are reviewed annually and subject to increase. Some fees are regulated by the UK government and will be changed in line with advice from them. Fees for continuing students (i.e. those on courses of greater than one year in length) will normally increase annually. This increase will not exceed 4% or the % increase of the UK Government regulated fee whichever is higher. The fee increase is based on the fee for the year that you register. For further information about additional costs for your course and information on fee status please see our website.

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 University of East Anglia in top UK and global rankings.

See all 28 university rankings of University of East Anglia

About University of East Anglia

The University of East Anglia (UEA) is a government funded research university located in Norwich, England. The university operates from a single campus site which includes the Norwich Research Park and the Bob Champion Research and Education Building, as well a 24-hour library, a concert and gig venue, and the on-campus accommodation.

List of 330 Bachelor and Master Courses from University of East Anglia - Course Catalogue

Student composition of University of East Anglia

undergraduates:
13095
postgraduates:
3400
Total:
16495
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Where is this programme taught

Main Site
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