Actuarial Mathematics
Postgraduate
In Leeds
Description
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Type
Postgraduate
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Location
Leeds
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Start date
Different dates available
Actuaries use mathematical, statistical, financial and economic theory to solve real business problems, typically involving risk, uncertainty and the financial impact of undesirable events. There is an increasing demand for actuaries in both the private and public sectors, working within a variety of areas such as banking, investment management, consultancy, manufacturing, transport, insurance and pensions.
On this course, you’ll be taught jointly by the School of Mathematics and Leeds University Business School, exploring key topics in mathematics, finance, economics and accounting. You’ll be intellectually stimulated whilst preparing for a potential career that is highly financially-rewarding.
This programme has significant coverage of The Actuarial Profession’s (Institute/Faculty of Actuaries) first level examinations. On graduation, you may be able to apply for exemptions from some of The Actuarial Profession’s exams depending on your grades and the agreements in place between the University and the Actuarial Profession at that time (these agreements are subject to periodic review.
Enhancing your degree
This course offers you the opportunity to spend a year working in industry or studying at a university abroad, both of which provide valuable experience and help your personal development. Both of these schemes add an additional year to your course, taking the total course length to 4 years.
Our industrial placement scheme gives you the opportunity to gain work experience in an industry relevant to your degree and interests. Our students often describe this industrial experience as an invaluable part of their degree and one which stands them in good stead for their future careers..
The study abroad year enables you to gain insight into the study of actuarial mathematics at one of our partner universities overseas
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About this course
Entry requirements
A-level: AAA/A*AB where the first grade quoted is Mathematics.
AAB/A*BB including Further Mathematics and where the first grade quoted is Mathematics, or AAB/A*BB where the first grade quoted is in Mathematics plus A in AS Further Mathematics.
Where an A-Level Science subject is taken, we require a pass in the practical science element, alongside the achievement of the A-Level at the stated grade.
Excludes A-Level General Studies or Critical Thinking.
GCSE: You must also have GCSE English at grade C or above (or equivalent).
Select alternative qualification n of their...
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Subjects
- Risk
- Statistics
- Mathematics
- Economics
- Actuarial Mathematics
- Financial Mathematics
- Finance
- Financial
- University
- School
- Industry
- Insurance
- IT risk
- Financial Training
- Economic Theory
- Finance Economics
- GCSE Mathematics
- Probability
Course programme
This course provides detailed knowledge and understanding of the mathematical and statistical tools relevant to all areas of financial and actuarial mathematics, including stochastic processes, statistics of insurance, survival and risk theory, as well as the mathematical theories underlying these areas. You will gain an appreciation of the interdisciplinary nature of actuarial science and develop a high level of analytical and problem solving skills, in statistical analysis, numerical techniques, and computer applications.
In the first year of the course you will study key topics in mathematics, finance, economics and accounting, including probability, statistics, and the mathematics of financial and insurance markets. You’ll be provided with a solid foundation in actuarial mathematics.
In the second year, you’ll study core modules in financial mathematics, statistical methods, and business finance. At this stage, you’ll be also able to choose some optional modules.
In the final year of the course, you’ll have further core modules in actuarial mathematics, financial modelling and statistics. You’ll also be able to choose from a wide range of optional modules in mathematics, statistics, finance, and economics, allowing you to explore the topics in actuarial mathematics that really interest you.
Course structureThese are typical modules/components studied and may change from time to time. Read more in our Terms and conditions.
Modules Year 1Compulsory modules
- Introductory Financial Accounting 10 credits
- Introductory Management Accounting 10 credits
- Economic Theory and Applications 1 20 credits
- Calculus and Mathematical Analysis 10 credits
- Numbers and Vectors 10 credits
- Linear Algebra with Applications 15 credits
- Modelling with Differential Equations 10 credits
- Financial Mathematics 1 15 credits
- Probability and Statistics I 10 credits
- Probability and Statistics II 10 credits
Compulsory modules
- Intermediate Microeconomics 10 credits
- Intermediate Financial Accounting 20 credits
- Intermediate Macroeconomics 10 credits
- Financial Mathematics 2 10 credits
- Financial Mathematics 3 10 credits
- Statistical Methods 10 credits
- Introduction to Markov Processes 10 credits
- Survival Analysis 10 credits
- Real Analysis 15 credits
- Further Linear Algebra 10 credits
- Discrete Mathematics 10 credits
- Discrete Mathematics with Computation 15 credits
- Vector Calculus 15 credits
- Linear Differential Equations and Transforms 15 credits
- Nonlinear Differential Equations 15 credits ...
Actuarial Mathematics