Actuarial Science (MSc)

the United Kingdom

For more information about Actuarial Science at University of Kent, please visit the webpage using the button above.

The award
MSc

How long you will study
12 Months

Domestic course fees
find out

How you will study
full-time

Course starts
find out

International course fees
find out

All study options

About Actuarial Science at University of Kent

Location: Canterbury


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.

Intellectual Skills

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.

Subject-specific skills

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

Transferable skills

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.

Study options for this course

  • The award How you will study How long you will study Course starts Domestic course fees International course fees
  • The awardMScHow you will studyFull-timeHow long you will study12 months
    Course starts find outDomestic course fees find outInternational course fees find out

Notes about fees for this course

Full Time UK/EU: TBC EUR | Full Time Overseas: TBC EUR

Entry requirements

Contact University of Kent to find course entry requirements.

What students think about University of Kent

    Inspirational teaching - Patrique Tanque from Brazil is studying for a BSc in Forensic Chemistry.

    “Choosing Kent was an easy decision. The forensic programmes are ranked among the best in the UK and have a high graduate employment rate.

    “The teachers bring fresh ideas and up-to-date materials from real cases to enrich the lectures. They are keen to help out and always make sure we are getting plenty of support.

    “I was very fortunate to be awarded an International Scholarship, which meant I could dedicate myself to my studies.”

    Academic excellence - Stephanie Bourgeois from France is studying for a BSc in Biochemistry.

    “I like the approach to teaching here; academics are happy to answer questions and to interact with students. I find the lectures very motivational, they pique your curiosity and for me the exciting bit is going to the library and pursuing the things you are interested in.

    “The lecturers at Kent are excellent. You get to know them well and, as you move through the course, they are able to guide you towards projects, ideas or career paths that they think you will like.”

    Specialist research - Sally Gao from China is studying for a PhD in Electronic Engineering.

    “I have been very lucky with my supervisor, Professor Yong Yan, who is a world-class expert and the first IEEE Fellow in the UK in instrumentation and measurement.

    “Professor Yong Yan has helped me to become a better researcher. I am inspired by his novel ideas and constructive suggestions. Under his supervision, my confidence has grown through such milestones as my first set of experiments, writing my first research paper and attending my first conference.”

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