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

Key Course Facts

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 £28500 £33000 £47500
25-75 percentile range £25000 - £31000 £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 £27315 £30471 £40245
25-75 percentile range £22913 - £32856 £23720 - £40302 £28567 - £54576

Course Description

Southampton is the only UK university to offer BSc Ecoomics 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 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 6 exemptions from the core principles - see course page for more info.

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 IBM's Business Innovation Programme • Spend a semester abroad

Choose Southampton and you'll also be joining a department ranked 20th in the UK for Economics and Econometrics (QS World University Rankings by Subject 2020).

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

41% Finance Professionals
19% Business, Research and Administrative Professionals
17% Business and public service associate professionals
6% Administrative occupations
4% Information Technology Professionals
2% Elementary occupations
2% Managers, directors and senior officials
2% Teaching Professionals
1%
1% Quality and Regulatory 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

Minimum Required UCAS Tariff

UCAS Tariff of Accepted Students for Economics

Qualification requirements

Typical offer: AAA or AABB including Mathematics (minimum grade A). Alternatively, AAB or ABBB including Mathematics (minimum grade A) and Further Mathematics (minimum grade B) Contextual offer: AAB including Mathematics (minimum grade A) or ABB including Mathematics (minimum grade A) and Further Mathematics (minimum grade B) Offers typically exclude General Studies and Critical Thinking and Use of Mathematics. Although an Economics A level is not required, preference will be given to applicants taking at least one analytical A level subject ; that is, either Economics or a science-based subject.

We normally consider applicants who offer at least 1 Advanced Higher. Applicants presenting with only Highers will be considered on a case by case basis. Where Highers are taken over two years it might be expected that higher grades are achieved, particularly in any specific subjects required. For example, S5 – S6 (2 years): AABBB (A in specific subject) or S6 (1 year): ABBBB (A in specific subject). Unless a more advanced level (Higher or Advanced Higher) is specified in the stated entry requirements, all applicants will be required to have achieved a pass in Mathematics and English at Standard Grade, Grade 3 or National 5, Grade C, the equivalent of GCSE Grade C/ Grade 4" We are committed to ensuring that all learners with the potential to succeed, regardless of their background, are encouraged to apply to study with us. The additional information gained through contextual data allows us to recognise a learner's potential to succeed in the context of their background and experience. Applicants who are highlighted in this way will be made an offer which is lower than the typical offer for that programme.

DD in the BTEC Diploma plus A in A-level Mathematics We are committed to ensuring that all learners with the potential to succeed, regardless of their background, are encouraged to apply to study with us. The additional information gained through contextual data allows us to recognise a learner’s potential to succeed in the context of their background and experience. Applicants who are highlighted in this way will be made an offer which is lower than the typical offer for that programme.

Typical offer: 60 credits with a minimum of 45 credits at Level 3, all of which must be at Distinction Mathematics must be studied to level 3, A-level standard We are committed to ensuring that all learners with the potential to succeed, regardless of their background, are encouraged to apply to study with us. The additional information gained through contextual data allows us to recognise a learner’s potential to succeed in the context of their background and experience. Applicants who are highlighted in this way will be made an offer which is lower than the typical offer for that programme.

Offers will be based on exams being taken at the end of S6. Subjects taken and qualifications achieved in S5 will be reviewed. Careful consideration will be given to an individual’s academic achievement, taking in to account the context and circumstances of their pre-university education. Please see the University of Southampton’s Curriculum for Excellence Scotland Statement for further information. Applicants are advised to contact their Faculty Admissions for more information. Unless a more advanced level (Higher or Advanced Higher) is specified in the stated entry requirements, all applicants will be required to have achieved a pass in Mathematics and English at Standard Grade, Grade 3 or National 5, Grade C, the equivalent of GCSE Grade C/ Grade 4 We are committed to ensuring that all learners with the potential to succeed, regardless of their background, are encouraged to apply to study with us. The additional information gained through contextual data allows us to recognise a learner’s potential to succeed in the context of their background and experience. Applicants who are highlighted in this way will be made an offer which is lower than the typical offer for that programme.

DDD in the BTEC Extended Diploma plus A in A-level Mathematics We are committed to ensuring that all learners with the potential to succeed, regardless of their background, are encouraged to apply to study with us. The additional information gained through contextual data allows us to recognise a learner’s potential to succeed in the context of their background and experience. Applicants who are highlighted in this way will be made an offer which is lower than the typical offer for that programme.

D in the BTEC Subsidiary Diploma plus AA from two A levels including Mathematics. We are committed to ensuring that all learners with the potential to succeed, regardless of their background, are encouraged to apply to study with us. The additional information gained through contextual data allows us to recognise a learner’s potential to succeed in the context of their background and experience. Applicants who are highlighted in this way will be made an offer which is lower than the typical offer for that programme.

The University of Southampton values the Extended Project Qualification. If you are taking an EPQ in addition to 3 A levels, you will receive the following offer in addition to the standard A-level offer: AAB including Mathematics (minimum grade A) plus grade A in the EPQ or ABB including Mathematics (minimum grade A) and Further Mathematics (minimum grade B) plus grade A in the EPQ. For more information on the University of Southampton’s EPQ Admissions Policy, please see our EPQ Admissions Policy webpage.

Typical offer: Pass, with 36 points overall with 18 points at Higher Level, including ‘Analysis and Approaches’ or ‘Applications and Interpretation’, grade 6 at Higher Level International Baccalaureate Career-related Programme (IBCP): Offers will be made on the individual Diploma Course subject(s) and the career-related study qualification. The CP core will not form part of the offer. Where there is a subject pre-requisite(s), applicants will be required to study the subject(s) at Higher Level in the Diploma course subject and/or take a specified unit in the career-related study qualification. Applicants may also be asked to achieve a specific grade in those elements. Please see the University of Southampton International Baccalaureate Career-Related Programme (IBCP) Statement for further information. Applicants are advised to contact their Faculty Admissions Office for more information. We are committed to ensuring that all learners with the potential to succeed, regardless of their background, are encouraged to apply to study with us. The additional information gained through contextual data allows us to recognise a learner’s potential to succeed in the context of their background and experience. Applicants who are highlighted in this way will be made an offer which is lower than the typical offer for that programme.

DDD in the BTEC National Extended Diploma plus A in A-level Mathematics We are committed to ensuring that all learners with the potential to succeed, regardless of their background, are encouraged to apply to study with us. The additional information gained through contextual data allows us to recognise a learner’s potential to succeed in the context of their background and experience. Applicants who are highlighted in this way will be made an offer which is lower than the typical offer for that programme.

Typical offer: H1 H1 H2 H2 H2 H2 including Mathematics at H2 We are committed to ensuring that all learners with the potential to succeed, regardless of their background, are encouraged to apply to study with us. The additional information gained through contextual data allows us to recognise a learner’s potential to succeed in the context of their background and experience. Applicants who are highlighted in this way will be made an offer which is lower than the typical offer for that programme.

D in the BTEC National Extended Certificate plus AA from two A levels including Mathematics. We are committed to ensuring that all learners with the potential to succeed, regardless of their background, are encouraged to apply to study with us. The additional information gained through contextual data allows us to recognise a learner’s potential to succeed in the context of their background and experience. Applicants who are highlighted in this way will be made an offer which is lower than the typical offer for that programme.

Typical offer: AAA from 3 A levels including Mathematics or Alternative offer: AA from two A levels including Mathematics and A from the Advanced Welsh Baccalaureate Skills Challenge Certificate We are committed to ensuring that all learners with the potential to succeed, regardless of their background, are encouraged to apply to study with us. The additional information gained through contextual data allows us to recognise a learner’s potential to succeed in the context of their background and experience. Applicants who are highlighted in this way will be made an offer which is lower than the typical offer for that programme.

Typical offer:D3, D3, D3 to include Mathematics at grade D3. Cambridge Pre-U's can be used in combination with other qualifications such as A Levels to achieve the equivalent of the typical offer We are committed to ensuring that all learners with the potential to succeed, regardless of their background, are encouraged to apply to study with us. The additional information gained through contextual data allows us to recognise a learner’s potential to succeed in the context of their background and experience. Applicants who are highlighted in this way will be made an offer which is lower than the typical offer for that programme.

English Language proficiency for international students: All programmes at the University of Southampton are taught and assessed in the medium of English (other than those in modern foreign languages). Therefore, all applicants must demonstrate they possess at least a minimum standard of English language proficiency. For more information on the University of Southampton’s English Language entry requirements, please see the English Language Proficiency webpage at http://www.southampton.ac.uk/studentadmin/admissions/admissions-policies/language.page. We welcome applicants with other qualifications eg. European Baccalaureate, Foundation Programmes. You will be expected to attain an equivalent standard to the A level applicant. AQA Tech Levels: The University accepts the new AQA Tech Level qualification, which must be offered in combination with at least one A Level. For degrees in Engineering, Computing and related subjects, the A Level must be in Mathematics and the units M1 and M2 must be taken. For more details on the suitability of your qualifications or foundation programme please contact the Admissions Team at [email protected]

Requirements for international students / English requirements

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

    • 6.5
    • Graduate Degrees
    • 6.5
    • Undergraduate Degrees

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 £19300 year 1
EU £19300 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

Please see our website for further details and updates: www.southampton.ac.uk/uni-life/fees-funding.page

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, 2024

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 444 Bachelor and Master Courses from University of Southampton - Course Catalogue

Student composition of University of Southampton

  • My first week | University of Southampton
  • What opportunities does Southampton offer? | University of Southampton
  • Made in Southampton | University of Southampton
  • Study English | University of Southampton
  • What advice would you give your first-year self? | UoS
  • Study Business Entrepreneurship | University of Southampton

Where is this programme taught

Southampton
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Main Site - Highfield Campus
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