Our Year in Industry programme enables you to gain paid industry experience in addition to being taught by our professionally qualified actuaries and internationally-renowned statisticians to ensure you are fully prepared for your future career.
You are encouraged to fulfil your potential while studying in our friendly and dynamic school based in the multi-award-winning Sibson Building.
Our degree programme
To help bridge the gap between school and university, you’ll attend small group tutorials in Stage 1, where you can practice the new mathematics you’ll be learning, ask questions and work with other students to find solutions. You’ll study a mixture of pure and applied mathematics, statistics and economics, providing you with a solid foundation for your later studies.
Throughout Stages 1 and 2, you attend specialist programme of workshops and events designed to ensure you have the best possible opportunity of securing a placement. Our in-house Placements Team will support you throughout the process. If you successfully secure a placement, you will spend a year working between Stages 2 and 3.
In Stages 2 and 3 you study modules that align with the professional exemptions from the Institute and Faculty of Actuaries (IFoA), preparing you for your career as a qualified actuary.
During your studies, you will learn how to use PROPHET, an actuarial software widely used by the profession, along with other key computer software packages.
This degree programme is fully accredited by the Institute and Faculty of Actuaries (IFoA) and offers the full suite of Core Principles professional exemptions under the IFoA’s updated Curriculum 2019 exemption structure.
If your grades do not qualify you for direct entry to this programme, you may be able to take a degree with a foundation year. For
more details see Actuarial Science with a Foundation Year.
Kent is home to the Invicta Actuarial Society. Run by students and
staff, it encourages valuable contact with industry professionals. In
previous years the Society has organised:
open lectures discussions socials and networking events.
You may want to join Kent Maths Society, which is run by students and holds talks, workshops and social activities.
The School of Mathematics, Statistics and Actuarial Science puts on
regular events that you are welcome to attend. These may include:
seminars and workshops employability events.
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 practical sessions.
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
- aspects of the core subject areas from the perspective of a commercial or industrial organisation.
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 written in the programme
- the ability to apply a range of concepts and principles in various contexts
- how to present a logical argument
- to solve problems by various appropriate methods
- IT skills
- research, presentation and report-writing skills
- the ability to work with relatively little guidance
- the intellectual skills required in the context of a commercial or industrial organisation.
You gain actuarial-science skills in the following:
- mathematical and statistical techniques, and their application to solving actuarial problems
- use of industry-specific IT and software skills
- 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 interpret and communicate the results
- the application of subject-specific skills specified for the programme from the perspective of a commercial or industrial organisation.
You gain transferable skills in the following:
- problem-solving skills in relation to qualitative and quantitative information
- written and oral communication
- 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 needed 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 of 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.
In addition, the Year in Industry enables students to gain awareness of the application of technical concepts in the workplace.