Actuarial Science MSc
University of Kent
Key Course Facts
Student Reviews
Below you can see course specific reviews of 145 graduates of Actuarial Science MSc and other courses in Finance, Banking, Corporate Finance, Fintech at University of Kent for each of the survey questions in comparison to the average for all UK degree courses in Finance, Banking, Corporate Finance, Fintech.
Primarily based on data from undergraduate degree students.
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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 | £30000 | £32000 | £42500 |
| 25-75 percentile range | £25000 - £34000 | £21500 - £40000 | £33000 - £54000 |
All Finance, Banking, Corporate Finance, Fintech courses of University of Kent
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 | £24406 | £25995 | £31508 |
| 25-75 percentile range | £21389 - £28940 | £19811 - £33751 | £23339 - £42744 |
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Course Description
Actuaries evaluate and manage financial risk. They make financial sense of the future for their clients by applying advanced mathematical and statistical techniques to solve complex financial problems.
Overview
Studying actuarial science on this conversion programme is a passport to a wide variety of careers in insurance companies, investments, pensions, health care and banking – not just in the UK, but throughout the world.
Accreditation
Our MSc in Actuarial Science, MSc in Applied Actuarial Science and International Master’s are all fully accredited by the Institute and Faculty of Actuaries; they also provide a fast-track route to qualifying as an actuary, because students who achieve a high enough overall mark in these programmes can obtain exemptions from the professional examinations included within their studies.
As one of the few universities to offer actuarial science in the UK, Kent’s programme is recognised for its strong mix of theoretical and practical expertise. The teaching staff include many actuaries drawn from professional practice, along with specialised researchers.
Depending on the modules chosen, MSc in Actuarial Science students may be eligible to gain exemptions from subjects CB1, CB2, CM1, CM2, CS1 and CS2 of the Institute and Faculty of Actuaries
Alternative courses and awards
Although you only need to take 180 credits for the MSc, you can take further subjects for exemption purposes. If you take fewer than 180 credits, you may be eligible for a Postgraduate Diploma in Actuarial Science.
If you are considering applying for the Actuarial Science MSc course, the Applied Actuarial Science (International Master's) MSc course (2 years) may be of interest to you as an alternative. The International Master's offers an identical programme in Stage 1 to the Actuarial Science MSc course, with the additional flexibility of automatically being accepted for Stage 2 (subject to satisfactory assessment performance) which is equivalent to the Applied Actuarial Science MSc, without the need to re-apply for another one year visa. Students can opt-out of the two year course at the end of Stage 1 and receive the full MSc qualification under the Actuarial Science MSc course (subject to satisfactory assessment performance).
About the Centre for Actuarial Science, Risk and Investment
In 2010, the Centre for Actuarial Science, Risk and Investment (CASRI) was set up within the School of Mathematics, Statistics and Actuarial Science to reflect the widening scope of the teaching and research of the staff. Within CASRI, research in actuarial science can be broadly classified into the following three themes: economic capital and financial risk management, longevity risk modelling, and public policy aspects of insurance risk classification. This achieves a balance between theoretical and applied investigations, as well as addressing social policy implications. The group has a deep and long-standing association with the Institute and Faculty of Actuaries, as well as with other educational institutions worldwide.
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.
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Current jobs
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Required skill level of job after 15 months
All Finance, Banking, Corporate Finance, Fintech courses of University of Kent
Jobs of graduates of this course (15 months after graduation)
Example below based on all graduates of Actuarial Science MSc at University of Kent
| 30% | Artistic, literary and media occupations |
| 20% | Teaching and Childcare Support Occupation |
| 20% | Business, Research and Administrative Professionals |
| 20% | Design occupations |
| 5% | Elementary occupations |
| 5% | Sales occupations |
| 0% | Welfare and housing associate professionals |
| 0% | Teaching Professionals |
| 0% | Business and public service associate professionals |
| 0% | Teaching and Childcare Support Occupation |
Entry Requirements / Admissions
UCAS Tariff of Accepted Students for this course
This particular course
Requirements for international students / English requirements
IELTS academic test score (similar tests may be accepted as well)
-
- 6.5
- All Degrees
A good first degree (usually in mathematics, statistics or economics, although other subjects with a high mathematical content are acceptable).
All applicants are considered on an individual basis and additional qualifications, and professional qualifications and experience will also be taken into account when considering applications.
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.
University Rankings
Positions of University of Kent in top UK and global rankings.
See all 29 university rankings of University of Kent
About University of Kent
The University of Kent is a publicly funded research university located in Kent, England. The university’s main campus is situated north of Canterbury, while its other campuses are found in Medway and Tonbridge in Kent. Additionally, the university operates postgraduate centres in Brussels, Athens, Rome and Paris.
List of 390 Bachelor and Master Courses from University of Kent - Course Catalogue
Student composition of University of Kent
-
Total number of students enrolled at University of Kent by level Academic year 2021/22 - Full-time equivalent student enrollments published by Higher Education Statistics Agency (HESA) on February 2022
- undergraduates:
- 13390
- postgraduates:
- 2820
- Total:
- 16210
-
Number of students enrolled in courses of subject “Actuarial Science”: 2280 Academic year - Full-time equivalent student enrollments published by Higher Education Statistics Agency (HESA) on February 2022
Where is this programme taught
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Similar courses
| Program | University | Student satisfaction | Unemployed | Dropout | Tuition (UK) | Tuition (International) |  UCAS Tariff |
City | ||
|---|---|---|---|---|---|---|---|---|---|---|
|
Actuarial Science MSc | Swansea University | - | - | - | £5700 | £11350 | - | Swansea |
On campus
Part-time
|
|
Actuarial Management MSc | City University London | - | - | - | £23500 | £23500 | - | London |
On campus
Full-time
|
|
Actuarial Science MSc | University of Essex | - | - | - | £10000 | £21700 | - | Colchester |
On campus
Part-time
|
|
|
MSci Actuarial Science and Data Science (four-year integrated masters) MSc | University of Essex | - | - | - | £9250 | £20500 | - | Colchester |
On campus
Full-time
|
|
Actuarial Science MSc | The University of Manchester | - | - | - | - | - | - | Manchester |
On campus
Part-time
|
|
|
Applied Actuarial Science MSc | University of Kent | - | - | - | - | - | - | Canterbury |
On campus
Full-time
|
|
Actuarial Science MSc | University of Southampton | - | - | - | - | - | - | Southampton |
On campus
Full-time
|
|
|
International Master's in Applied Actuarial Science MSc | University of Kent | - | - | - | - | - | - | Canterbury |
On campus
Full-time
|
|
|
Applied Actuarial Science with an Industrial Placement MSc | University of Kent | - | - | - | - | - | - | Canterbury |
On campus
Full-time
|
|
|
Applied Actuarial Science (International Master's) MSc | University of Kent | - | - | - | - | - | - | Canterbury |
On campus
Full-time
|
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