University of Southampton
Mathematics with Actuarial Science BSc (Hons)
University of Southampton

Key Course Facts

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 £27000 £30500 £40500
25-75 percentile range £23000 - £32000 £26000 - £37000 £29500 - £50500


Salary of all UK Graduates of Mathematics

  15 months after graduation 3 years after graduation 5 years after graduation
Median salary £26081 £27618 £34432
25-75 percentile range £22069 - £31251 £21817 - £36181 £25386 - £46884

Course Description

Actuaries are the world’s financial architects and engineers. Their expertise is vital to the management of pension funds, general insurance companies and investment by financial institutions. On this course you’ll learn how to tackle the uncertainties of future events using mathematics, probability and statistics to create models and simulations. This degree will provide you with the technical skills needed for a career as an actuary.

Southampton is ranked 11th in the UK for Mathematics (Guardian University Guide 2021).

The course combines a programme of mathematics with key topics from economics, finance and actuarial science. You’ll investigate the applications of mathematics in a variety of contexts and use mathematical and statistical models.

As part of this course you’ll:

  • Develop analytical and problem-solving skills, alongside expertise in the statistical analysis of risk

  • Specialise in statistics and actuarial science

  • Use our student centre, a dedicated learning and social space for maths students

  • Use mathematical and computational packages such as Python and the statistics package R

You’ll be taught through a combination of lectures and workshops by leading researchers in statistical modelling and experts in actuarial and financial mathematics.

This degree is accredited by the Institute and Faculty of Actuaries (IFoA). You'll be eligible for 6 exemptions from the core principles:

  • Actuarial Statistics (CS1 and CS2)

  • Actuarial Mathematics (CM1 and CM2)

  • Business Finance and Economics (CB1 and CB2)

This is the maximum number of IFoA actuarial exemptions available on any undergraduate programme, reducing the average time taken to qualify as an actuary after your degree.

Upon graduation you’ll be well equipped to begin an actuarial career with advanced professional standing, or to follow many other careers that require high-level quantitative skills, including those within the wider financial services industry.

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 Mathematics with Actuarial Science BSc (Hons) at University of Southampton

75% Business, Research and Administrative Professionals
5% Secretarial and related occupations
5% Leisure, travel and related personal service occupations
5% Finance Professionals
5% Business and public service associate professionals

Grading & Study Time

You will be assessed in a variety of ways such as coursework, tests and exams, enabling you to demonstrate your strengths and show what you have learnt.

Entry Requirements / Admissions

Minimum Required UCAS Tariff

UCAS Tariff of Accepted Students for this course

Qualification requirements

Typical Offer: AAA or AABB including Mathematics (minimum grade A) 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 to include grade A in the EPQ, and including Mathematics (minimum grade A) Contextual Offer: AAB including Mathematics (minimum grade A) 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 typically exclude General Studies, Use of Mathematics and Critical Thinking. If an additional Mathematics qualification (STEP grade 2/MAT/TMUA) is taken alongside three A-levels then the offer will be AAB including Mathematics (minimum grade A). We accept any of the three STEP papers. For more details about the STEP and TMUA papers see the Admissions Testing Service Website.

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 the Faculty of Social, Human and Mathematical Sciences Admissions Office at [email protected] 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 (minimum grade A) 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. Applicants taking the EPQ in addition to three A Levels may also be made an alternative offer one grade below the standard offer, conditional on an A grade in the EPQ.

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 (However, ‘Analysis and Approaches’ is preferred) 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, to include 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 (minimum grade A) 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.

D3 D3 D3 in three Principal subjects including Mathematics at 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. 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. 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. 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 Mathematics with 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 Mathematics with 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

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Where is this programme taught

Southampton
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Main Site - Highfield Campus
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