University of Essex
Actuarial Science (Including Year Abroad) BSc (Hons)
University of Essex

Key Course Facts

Student Reviews

Below you can see course specific reviews of 45 graduates of Actuarial Science (Including Year Abroad) BSc (Hons) and other courses in Mathematics at University of Essex for each of the survey questions in comparison to the average for all UK degree courses in Mathematics.

Overall student satisfaction
81 /100
45 total respondents

Primarily based on data from undergraduate degree students.

The NSS is commissioned by the Office for Students

Salary

Salary of Graduates in Mathematics

Important: Salary data below is not course specific, but contains data of all students of Mathematics 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 £30000 £23500 £30500
25-75 percentile range £25000 - £35000 £18000 - £28500 £23000 - £39000


Salary of all UK Graduates of Mathematics

  15 months after graduation 3 years after graduation 5 years after graduation
Median salary £28392 £28296 £34871
25-75 percentile range £24678 - £34288 £22385 - £36639 £26007 - £46946

Course Description

Actuarial science teaches you the art of turning risks into opportunities. Actuaries provide assessments of financial security systems, with a focus on their complexity, their mathematics, and their mechanisms. You benefit from an excellent starting salary, with graduates earning upwards of £30,000 on average.

Our BSc Actuarial Science course encourages you to delve into your passions for mathematics and practical problem-solving. Our attractive blend of solid mathematics, an understanding of real-world financial issues, and computing skills provide you with the core skills essential for entering the actuarial profession. You learn the theory and methods used by professional actuaries; on how to apply mathematical and statistical skills to minimise financial risk when the stakes are high, in areas such as commerce, government, insurance and finance.

Study topics including:

  • Mathematical finance
  • Financial reporting
  • Contingencies, risk management and survival analysis
  • Mathematical, statistical and probabilistic techniques
  • Programming and computation in languages such as Matlab and R

Your education extends beyond the university campus. We support you in expanding your education through offering the opportunity to spend a year or a term studying abroad at one of our partner universities. The four-year version of our degree allows you to spend the third year abroad or employed on a placement abroad, while otherwise remaining identical to the three-year course. Studying abroad allows you to experience other cultures and languages, to broaden your degree socially and academically, and to demonstrate to employers that you are mature, adaptable, and organised. If you spend a full year abroad you'll only pay 15% of your usual tuition fee to Essex for that year. You won't pay any tuition fees to your host university.

Professional actuaries in the insurance industry, including influential businesses AXA and Buck Consultants, contribute to our employability module and also host students at their offices to show them typical challenges that actuaries face.

As part of our Department of Mathematical Sciences, you’re a member of an inclusive and approachable research community which allows you to explore topics in pure, high-level mathematics and applied mathematics.

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 (Including Year Abroad) BSc (Hons) at University of Essex

25% Artistic, literary and media occupations
20% Elementary occupations
15% Business and public service associate professionals
10% Sales occupations
10% Media Professionals
5% Business, Research and Administrative Professionals
5% Business and Financial Project Management Professionals
5% Teaching Professionals
5% Administrative occupations
5% Artistic, literary and media occupations

Grading Distribution

Students of the course received the following grades

Entry Requirements / Admissions

UCAS Tariff of Accepted Students for Mathematics

Requirements for international students / English requirements

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

    • 6.5
    • Graduate Degrees
    • 6.0
    • Undergraduate Degrees
Get advice on which foundation courses are best for you to still study Actuarial Science (Including 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 (Including 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
Ireland £9250 year 1
EU £20500 year 1
International £20500 year 1

Additional fee information

Fees displayed are for 2024-25 entry. Fees may increase for each academic intake and each academic year of study.

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)
  • year 2

University Rankings

Positions of University of Essex in top UK and global rankings.

Rankings of University of Essex in related subject specific rankings.

Business

    • #6 
    • #76 
    Finance
    GRAS Global Ranking of Academic Subjects - ShanghaiRanking
    [Published 27 October, 2023]

See all 29 university rankings of University of Essex

About University of Essex

The University of Essex, is a public, research university where curiosity prevails and thinking outside the box isn’t just encouraged, it’s expected. Based in the county of the same name, Essex, the main campus is located in Wivenhoe Park, near Colchester. It is home to the university’s three faculties, Humanities, Science & Health and Social Sciences, as well as a very large community of local rabbits, and other small fauna typical of the English countryside.

List of 921 Bachelor and Master Courses from University of Essex - Course Catalogue

Student composition of University of Essex

undergraduates:
12070
postgraduates:
3690
Total:
15760
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Where is this programme taught

Colchester Campus
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