Actuaries evaluate and manage financial risks, particularly in the financial services industry. Our specialist programmes are taught by professionally qualified actuaries and internationally renowned statisticians to ensure you are fully prepared for your career.
Why study an Actuarial Science degree at Kent
Our degree programmes are fully accredited by the Institute and Faculty of Actuaries, which means that you can achieve up to six exemptions from the 13 professional examinations required to become a qualified actuary. You can take a year in industry and gain invaluable actuarial work experience. You’ll learn to use industry standard software like PROPHET and R. You’ll benefit from the extensive industrial experience of our professional actuaries. You’ll study in award-winning classrooms and breakout spaces that have been specially designed for mathematical sciences. You'll be able to join brilliant student societies for specialist workshops, revision sessions, socials and networking events.
What you’ll study
You’ll immerse yourself in the mathematics, statistics, finance and economics that you need to qualify as an actuary. You’ll also develop skills that are highly valued by employers, including data science, coding in R and PROPHET, financial modelling and commercial awareness.
Year in industry
If you want to gain paid industry experience as part of your degree programme, consider our popular Actuarial Science with a Year in Industry. Our in-house Placements Team support you in developing the skills and knowledge needed to successfully secure a placement through a specialist programme of workshops and events.
If you do not have the qualifications for direct entry to this programme, you may be able to take a four-year degree with a foundation year. For more details see Actuarial Science with a Foundation Year.
Most of the teaching is by lectures and examples classes. At Stage 1, you can go to regular supervised classes where you can get help and
advice on the way you approach problems. Modules that include
programming or working with computer software packages usually involve
Each year, there are a number of special lectures by visiting
actuaries from external organisations, to which all students are
invited. These lectures help to bridge the gap between actuarial theory
and its practical applications.
The course provides practical experience of working with PROPHET, a
market-leading actuarial software package used by commercial companies
worldwide for profit testing, valuation and model office work.
Modules are assessed by end-of-year examinations, or by a combination of coursework and examinations.
Knowledge and understanding
You gain knowledge and understanding of:
- the principles of specific actuarial mathematics techniques including calculus, algebra, mathematical methods, discrete mathematics, analysis and linear algebra
- probability and inference and time series modelling, plus specialist statistics applications in insurance
- IT skills relevant to actuaries
- methods and techniques appropriate to the mathematics of finance, finance and financial reporting, and financial economics
- the principles of economics as relevant to actuaries
- methods and techniques appropriate to survival models
- the core areas of actuarial practice.
You gain the following intellectual abilities:
- a reasonable understanding of the programme's main body of knowledge
- skills in calculation and manipulation of the material in the programme
- the ability to apply a range of concepts and principles in various contexts
- how to present a logical argument
- solving problems using various appropriate methods
- IT skills
- research, presentation and report-writing skills
- an aptitude to work independently with relatively little guidance.
You gain actuarial science skills in the following:
- specific mathematical and statistical techniques and their application to solving actuarial problems
- use of industry-specific IT skills and software
- an understanding of the practical applications of the subject material in insurance
- the ability to develop simple actuarial computer models to solve actuarial problems and to interpret and communicate the results.
You gain transferable skills in the following:
- problem-solving in relation to qualitative and quantitative information
- written and oral communication skills
- numeracy and computation
- information retrieval, in relation to primary and secondary information sources, including online computer searches
- word-processing and other IT skills, including spreadsheets and internet communication
- interpersonal skills such as the ability to interact with other people and to engage in team-working
- time-management and organisation, and the ability to plan and implement efficient and effective modes of working
- study skills required for continuing professional development.
We aim to help students develop:
- skills and knowledge appropriate to graduates in mathematical subjects
- the ability to use rigorous reasoning and precise expression
- the capabilities to formulate and solve problems
- an appreciation of recent actuarial developments, and the links between the theory and its practical application in industry
- the ability to formulate a logical, mathematical approach to solving problems
- an enhanced capacity for independent thought and work
- competence in the use of IT and the relevant software
- opportunities to study advanced topics, engage in research and develop communication and personal skills
- eligibility for up to eight exemptions from examinations of the Institute and Faculty of Actuaries.