Course modalities offered

University of Kent
Applied Actuarial Science with an Industrial Placement MSc
University of Kent

Key Course Facts

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. Qualifying as an actuary 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. Kent is one of a very few universities in the UK to teach the subject.

Our MSc in Applied Actuarial Science with an Industrial Placement is fully accredited by the Institute and Faculty of Actuaries; it also provides a fast-track route to qualifying as an actuary, because students who achieve a high enough overall mark in this programme can obtain exemptions from the professional examinations included within their studies.

The MSc is only available as a full-time (one-year) programme plus placement (of varying lengths) extending the MSc programe to between 15 and 24 months. It is suitable for those who have completed a first degree or postgraduate diploma in Actuarial Science, or those who have studied the majority of the earlier subjects in the Core Technical Stage subjects.

The start date and duration of the Industrial Placement depend on the employer. Students on a longer placement module (i.e. 6, 9 or 12 months) can transfer to a shorter module if the placement arrangement changes unavoidably once the student has embarked on it, but if a student cannot complete the minimum of three months placement he/she will be required to transfer to the MSc programme without a placement. Placements may be undertaken in the UK or overseas.

Assessment is usually by a mixture of coursework and examination; exact weightings vary from module to module. Students who are considered to have performed sufficiently well in the programme (both in examinations and coursework), as determined by an examiner appointed by the UK Actuarial Profession, will be exempt from subjects CA1, CA3 and the Specialist Technical subjects studied within the programme. If you fail to achieve a suitable overall standard, you might still be awarded individual module exemptions as recommended by the Profession’s examiner. Please note that individual exemptions are granted based on the final written examinations only.

Entry Requirements / Admissions

Requirements for international students / English requirements

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

    • 6.5
    • All Degrees

For detailed information see our English language requirements web pages. Please note that if you are required to meet an English language condition, we offer a number of pre-sessional courses in English for Academic Purposes through Kent International
Do you not fulfill the minimum requirements in terms of UCAS score, A levels, or English language requirements?
Get advice on which foundation courses are best for you to still be able to join Applied Actuarial Science with an Industrial Placement, MSc.

A good first degree in Actuarial Science, or a degree that covers all or most of the Core Technical Stage subjects of the Institute and Faculty of Actuaries’ examinations. We may also accept applicants who have a good first degree in another subject and who have passed most of the Core Technical Stage subjects. All applicants are considered on an individual basis and additional qualifications, 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.

Source: Own research based on surveys and university data

University Rankings

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

chart data

See all 24 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.

Student composition of University of Kent

Students by level of study Academic year 2020/21 - Full-time equivalent student enrollments published by Higher Education Statistics Agency (HESA) on 10 February 2022
undergraduates:
14490
postgraduates:
2720
Total:
17210
Source: Academic year 2020/21 - Full-time equivalent student enrollments published by Higher Education Statistics Agency (HESA) on 10 February 2022
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Where is this programme taught

Canterbury campus
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