University of Southampton
Economics and Actuarial Science BSc (Hons)
University of Southampton

Key Course Facts

Student Reviews

Below you can see course specific reviews of 125 graduates of Economics and Actuarial Science BSc (Hons) and other courses in Economics at University of Southampton for each of the survey questions in comparison to the average for all UK degree courses in Economics.

Overall student satisfaction
82 /100
125 total respondents

Primarily based on data from undergraduate degree students.

The NSS is commissioned by the Office for Students

Salary

Salary of Graduates in Economics

Important: Salary data below is not course specific, but contains data of all students of Economics 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 £31500 £33000 £47500
25-75 percentile range £28000 - £37000 £27500 - £42000 £34000 - £60000


Salary of all UK Graduates of Economics

  15 months after graduation 3 years after graduation 5 years after graduation
Median salary £28575 £30471 £40245
25-75 percentile range £24114 - £33739 £23720 - £40302 £28567 - £54576

Course Description

Southampton is the only UK university to offer BSc Economics and Actuarial Science. The degree teaches you how to use mathematical and statistical methods to assess risk and uncertainty. Actuaries are essential in industries such as insurance and finance.

  • As part of your first year modules, you'll learn to use Bloomberg trading terminals in our Financial Lab (FinLab) and study alongside students on the related Mathematics and Actuarial Science degree.
  • This degree is accredited by the Institute and Faculty of Actuaries (IFoA). You'll be eligible for exemptions from the core principles - see course page for more details.

You'll study core modules in microeconomics, macroeconomics and quantitative methods. You'll have the freedom to shape your studies by choosing optional modules to suit your interests or career plans - such as international banking, risk management or public economics. You can also choose modules from outside the Economics and Mathematics departments.

You could also:

• Spend a year in employment

• Gain vital work experience on a Student Innovation Project

• Spend a semester abroad

Choose Southampton and you'll also be joining a department ranked Top 15 in the UK for Economics and Econometrics (QS World University Rankings by Subject 2023).

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 Economics and Actuarial Science BSc (Hons) at University of Southampton

33% Welfare and housing associate professionals
19% Media Professionals
18% Business, Research and Administrative Professionals
8% Customer service occupations
5% Elementary occupations
3% Sales occupations
3% Teaching Professionals
2% Artistic, literary and media occupations
2% Legal professionals
2% Business and public service associate professionals

Grading & Study Time

**We'll assess you using:** coursework, lab reports and essays; dissertation; group essays; individual and group projects; self-assessment; teamwork; written exams

Entry Requirements / Admissions

UCAS Tariff of Accepted Students for Economics

Qualification requirements

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

Access to HE Diploma

A minimum of DDM with the main subjects being Science or Maths. Also required: GCSE at C or above in English or English Language, Mathematics and in either Chemistry, or Physics or Dual Award Science.

If Mathematics is not taken beyond GCSE, a grade 7, (or A) in GCSE Mathematics, or Core Mathematics grade B is essential

We welcome applicants with other qualifications eg. European Baccalaureate. You will be expected to attain an equivalent standard to the A level applicant. As A level Mathematics is required for this programme, all equivalent qualifications also need an equivalent of A level Mathematics, grade A. For more details on the suitability of your qualifications please contact the Admissions Team at [email protected]

English language requirements

test Grade Additional Details
IELTS (Academic) 6.5

with no component below 6.0

Get advice on which foundation courses are best for you to still study Economics and Actuarial Science, BSc (Hons), if you do not meet the minimum requirements in terms of UCAS score, A levels, or English language requirements.

Costs

Tuition Fees Economics and Actuarial Science BSc (Hons)

Ireland £9250 year 1
International £22300 year 1
EU £22300 year 1
England UK £9250 year 1
Northern Ireland £9250 year 1
Scotland £9250 year 1
Wales £9250 year 1
Channel Islands £9250 year 1

Additional fee information

**

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 Southampton in top UK and global rankings.

Rankings of University of Southampton in related subject specific rankings.

Business

    • #21 
    • #151 
    Finance
    GRAS Global Ranking of Academic Subjects - ShanghaiRanking
    [Published 19 July, 2022]

See all 34 university rankings of University of Southampton

About University of Southampton

The University of Southampton, often abbreviated to Soton, is a research university located in Southampton, England. Although the university was founded in 1862, it has only enjoyed full university status from 1952 onwards. The university has five campuses in total, with the main one based in the Highfield area of Southampton.

List of 379 Bachelor and Master Courses from University of Southampton - Course Catalogue

Student composition of University of Southampton

undergraduates:
14770
postgraduates:
8470
Total:
23240
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Where is this programme taught

Main Site - Highfield Campus
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