Actuaries evaluate and manage financial risk. They make financial sense of the future for their clients by applying advanced mathematical and statistical techniques to solve complex financial problems.
Qualifying as an actuary is a passport to a wide variety of careers in insurance companies, investments, pensions, health care and banking – not just in the UK, but throughout the world. Kent is one of a very few universities in the UK to teach the subject.
Our MSc in Actuarial Science, MSc in Applied Actuarial Science and International Master’s are all fully accredited by the Institute and Faculty of Actuaries; they also provide a fast-track route to qualifying as an actuary, because students who achieve a high enough overall mark in these programmes can obtain exemptions from the professional examinations included within their studies.
Accreditation - Institute and Faculty of Actuaries
In 2019 the Institute and Faculty of Actuaries (IFoA) introduced a new actuarial qualification structure. We are delighted to say that we successfully achieved re-accreditation for all of our Actuarial Science programmes and have been offering exemptions under the IFoA's new qualification structure since September 2019.
Knowledge and understanding
You will gain knowledge and understanding of:
- statistical, economic or specific actuarial mathematical techniques at an advanced level and their applications to insurance, covering areas such as financial mathematics, financial accounting, survival models, economics, financial economics, time series and stochastic processes
- the actuarial and financial theory and the complex techniques applicable to solve problems in some of the major areas of current professional actuarial practice.
You will develop intellectual skills in:
- the ability to demonstrate a systematic understanding of the main body of knowledge for the programme
- the ability to demonstrate advanced skills in calculation and manipulation of the material written within the programme
- the ability to apply a range of concepts and principles in various contexts
- the ability for logical argument using specialised knowledge
- the ability to demonstrate advanced skills in solving problems in complex situations by various appropriate methods.
You will gain subject-specific skills in:
- the specific mathematical and statistical techniques used in actuarial science, and in their application to solving actuarial and other financial problems
- the specific information technology and software used in actuarial science
- understanding the practical applications of programme material in insurance and finance
You will gain the following transferable skills:
- problem-solving skills, relating to qualitative and quantitative information (including cases where information/data is not complete)
- effective communication skills, to both technical and non-technical audiences
- numeracy and computational skills
- information technology skills such as word-processing and spreadsheet use, internet communication etc
- time-management and organisational skills, as evidenced by the ability to plan and implement efficient and effective modes of working
- study skills needed for advancing knowledge and understanding, for developing new skills and for continuing professional development.
This programme aims to:
- give you the depth of technical appreciation and skills appropriate to a Master’s level programme in Actuarial Science
- provide successful students with eligibility for subject exemptions from the Core Principles series of examinations of the actuarial profession. This means obtaining a thorough knowledge and understanding of various core actuarial techniques and gaining current knowledge and understanding of some of the major areas in which actuaries are involved
- ensure you are competent in the use of information technology, and are familiar with computers, together with the relevant software
- introduce you to an appreciation of recent actuarial developments, and of the links between subject theories and their practical application in industry
- prepare you for employment within the actuarial profession and other financial fields
- provide suitable preparation for students who wish to proceed to the MSc in Applied Actuarial Science.