City University London

      Actuarial Science

      City University London
      In Islington

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      Important information

      Typology HNC
      Location Islington
      Start 01/09/2019
      • HNC
      • Islington
      • Start:
        01/09/2019
      Description

      At The City Law School we offer education and training for every step of your legal career. Taught in the heart of legal London, our law courses give you the essential legal skills and knowledge needed to be successful in law.

      Facilities (1)
      Where and when
      Starts Location
      01 Sep 2019
      Islington
      Northampton Square, EC1V 0HB, London, England
      See map
      Starts 01 Sep 2019
      Location
      Islington
      Northampton Square, EC1V 0HB, London, England
      See map

      Questions & Answers

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      What you'll learn on the course

      English Language
      IT Law
      Management
      Risk
      Financial Reporting
      Risk Management
      Investment Management
      Actuarial Science
      Investment
      IT
      Statistics
      Teaching
      English
      Mathematics
      Economics
      International
      Finance
      Financial
      Law
      University
      School
      Insurance
      IT risk
      Financial Training
      IT Management
      GCSE Mathematics
      Probability
      Skills and Training
      Teaching
      IT
      IT
      English Language

      Course programme

      Places available in Clearing - How to apply Overview

      1st in London, 4th in the UK for Accounting and finance courses (Guardian University Guide 2017)

      National Student Survey 2015: 90% of Actuarial Science students were satisfied with their course.

      As the longest established Actuarial Science degree in England, Cass offers you a sound education in actuarial and financial studies, as well as mathematics, statistics and information technology.

      The BSc (Hons) Actuarial Science degree involves the application of quantitative skills to problems in finance that normally involve risk or uncertainty. This course is ideal for those who excel in and enjoy mathematics, in particular modelling and probability, especially those who like asking "What if?".

      It will equip you with the skills to become an actuary and also offers a good starting point for those who want to use their skills in risk management, investment management or financial analysis. The course offers eight exemptions from the Institute and Faculty of Actuaries' professional exams.

      We are proud that Cass Business School's Faculty of Actuarial Science and Insurance has been awarded The Worshipful Company of Actuaries' Award of Honour, in recognition of its excellent contribution to the actuarial profession over the last 30 years.

      BSc (Hons) Actuarial Science is available as a three-year degree or four-year degree for those who wish to take up a one-year work placement sandwich option, which offers excellent opportunities to gain relevant work experience to prepare you for your career, and to make contacts in the business world. Students also have the option to take up a study abroad sandwich year at one of our highly respected partner institutions.

      Course content Foundation year

      The Foundation Year in Actuarial Science aims to provide students with a knowledge of Mathematics, Probability and Statistics, Economics, I.T. and Computing sufficient to enable them to undertake an undergraduate degree in the area of Actuarial Science.

      In addition to providing students with the essential mathematical and scientific background necessary to commence on the Actuarial Science course, there is an integrated study and communication skills component. This, together with considerable tutorial support, aims to encourage the development of the students' awareness of the learning process and to foster their intellectual development, in order that they achieve a sense of their competence as learners

      Year 1

      In the first year, you will study six core modules that provide the foundations for later study in actuarial science, including two significant mathematics modules and introductory courses that assume no prior knowledge of the respective subjects.

      Six modules (six core and no elective)

      Core modules:
      • Applications of Information Technology
      • Financial & Investment Mathematics
      • Introduction to Actuarial Methods
      • Introduction to Economics
      • Mathematics for Actuarial Science
      • Probability & Statistics 1
      Year 2

      In year two, the focus moves from mathematics to actuarial science and statistics and probability. Core modules include Financial reporting, Contingencies and Stochastic models.

      Eight modules (six core and two elective)

      Core modules:
      • Actuarial Practicality
      • Calculus & Linear Algebra
      • Contingencies
      • Finance & Financial Reporting
      • Probability & Statistics 2
      • Stochastic Models
      Elective modules - choose two from:
      • Alternative Investment Management
      • Corporate Risk Management
      • Decision Analysis
      • Derivatives, Trading and Hedging
      • Financial Economics
      • Risk Analysis & Modelling
      Final year

      In the final year, four core modules will allow you to develop an in-depth understanding of actuarial and statistical subjects, while a wide range of electives covers actuarial science, statistics, business, economics and languages. You will also undertake a final year project in an area relevant to your interests and ambitions.

      Eight modules (four core and four elective)

      Core modules:
      • Advanced Contingencies
      • Final Year Project
      • Statistics & Probabilistic Modelling for Insurance
      • Survival Models
      Elective modules - choose four from:
      • Advanced Financial Economics
      • Asset-Liability Management
      • Business Forecasting
      • Extreme Event Statistics
      • Financial Forecasting
      • Fixed Income Portfolio Management
      • General Insurance
      • Investment
      • Life and Health Insurance
      • Operational Research
      • Pension Funds & Social Security
      • Real Estate Finance & Funding
      • Statistical Reasoning, Ethics and Communication
      • Technical Analysis

      Download the full programme specification

      Placements and internships

      A key part of a Cass Business School degree is the opportunity to gain professional work experience. BSc Actuarial Science students are eligible to undertake an optional one-year paid work placement during the 3rd year of a 4 year sandwich degree programme.

      The experience of working for a leading institution can be invaluable in terms of your future career. It will enable you to acquire skills and competencies sought by graduate employers, and give you an edge over the competition.

      BSs Actuarial Science students enjoy a wide range of professional placement opportunities in areas such as corporate insurance and risk management, actuarial investment pricing and capital management. Students have recently taken up placements with leading employers including:

      • Aviva
      • Friends Life
      • HSBC Life
      • Legal and General
      • Munich Re
      • Willis.

      Our reputation, achievements and successful graduates have helped us to develop close relationships with a diverse range of companies, who recognise that Cass students can add significant value to their workforce. Our dedicated Placement team are in regular contact with these and many more companies, and will support students throughout the work experience process.

      Although this additional year is not credited and will not count towards your degree classification, it is a recognised part of the degree programme and will be endorsed on your final degree certificate.

      Study abroad

      Available study abroad programme structure and partner institutions Sandwich Year Abroad

      You can spend a year of your degree course studying at one of our partner institutions, between your second and third year of study. This would add a year to your degree so you would complete your degree in four years.

      You can also choose to combine your study overseas with a work placement, which involves spending six months studying and the remaining six months working. You would be expected to organise your own placement, although some of our partner schools may be able to help you.

      This additional year of study will not count towards your degree classification. However, your degree title will state that you have studied abroad and the partner university will give you a transcript of the modules you have studied there.

      Please note that other partners will be considered for Actuarial Science students on a case by case basis.

      Country

      Host institution (Actuarial Science)

      Canada

      University of Waterloo

      For 19 years in a row, Waterloo has been named Canada's most innovative university in the Maclean's annual university reputational rankings. The Department of Statistics and Actuarial Science at Waterloo is among the top academic units for statistical and actuarial science in the world and is home to over 900 undergraduate students.

      Western University

      Founded in 1878, Western University is one of Canada's oldest universities. The Department of Statistical and Actuarial Sciences offers specialised undergraduate degrees in Actuarial Science, Financial Modelling and Statistics.

      China

      Chinese University of Hong Kong

      CUHK is ranked fifth in the QS Asian University Rankings 2011.The 137 hectare campus overlooking Tolo Harbour houses a range of facilities such as world-class libraries, art museums, music halls, a swimming pool, sports fields, tennis courts, squash courts, a water sports centre and gymnasiums.

      Accreditation

      In order to qualify as an actuary, you will be required to pass the professional examinations of the Institute and Faculty of Actuaries. Specific modules in all three years of the BSc Actuarial Science degree give you the opportunity to earn exemptions from eight of the nine core technical stage modules, as illustrated in the table below. Seven of these eight modules are compulsory (core).

      Exemption modules - Core Technical

      Study year BSc (Hons) Actuarial Science at Cass modules Core Technical Stage modules Part 1 Financial & Investment Mathematics CT1 Probability & Statistics I CT3a Introduction to Economics CT7 Part 2 Finance & Financial Reporting CT2 Probability & Statistics II CT3 Stochastic Models CT4 Contingencies CT5 Financial Economics CT8 Part 3 Survival Models CT4 Advanced Contingencies CT5 Statistics and Probabilistic Modelling for Insurance CT6 Advanced Financial Economics CT8

      Some of the optional final year modules also give an excellent introduction to five of the Specialist Technical Stage subjects from which the remaining professional examinations are selected. Although they do not qualify you for exemptions, they give you a significant head start.

      Introductory modules - Specialist Technical Stage

      Study year BSc (Hons) Actuarial Science at Cass modules Specialist Technical Stage modules Part 3 Life and Health Insurance ST1/ST2 General Insurance ST3 Pension Funds and Social Security ST4

      Teaching Style

      We have more than 100 full time academic staff, complemented by over 25 visiting lecturers, who combine expertise with successful careers as business leaders, policy makers and/or government advisors. Our academic team works with businesses, alumni and leading thinkers to devise and update our course content so that is relevant and specific to market realities.

      Our teaching style is based on encouraging you to think independently, to form your own opinions and critique relevant theory. We underpin your learning with the pertinent theories in your field embed with real life practices so you understand the way modern markets and businesses operate. Our courses offer numerous practical applications (or have a strong vocational element) without compromising their academic rigour. We use case studies, thought provoking scenarios and group work to give you a head start in the real world.

      Each module will be a mix of lectures, seminars and group work. Most modules are assessed by a combination of exams and coursework. The first year of your programme contributes 10% to your final degree classification, the second year 30% and the final year 60%.

      Entry requirements

      Qualification Requirement 'A' level A* (Mathematics) AA BTEC NND Distinction Distinction Distinction plus 'A' level Mathematics or a science at grade A* IB 35 points overall including 7 in Higher Level Mathematics, 6 in all other Higher Level subjects and 5 in all Standard Level subjects. Consideration will be given to 1 bonus point.

      In addition to the above, GCSE Mathematics (grade A) and English Language (grade C) or equivalent are required.

      If you are studying General Studies, Critical Thinking or a native language 'A' level, these subjects will not be included in any offer condition.

      International students

      We accept a wide range of international and other UK qualifications at Cass.

      • Typical offers for international and other qualifications

      If you do not qualify for direct entry, there are several partners that offer preparatory internation foundation courses for students seeking entry to undergraduate degrees. These include:

      INTO City University London

      Together with INTO University Partnerships, the University has established a purpose-built study centre in the heart of London's financial district. As a student enrolling at INTO City you will have full access to City University's facilities. Courses at INTO City are designed and validated by the University. For more information please visit /city

      Progression to degree courses at the University is guaranteed if you complete the INTO City Foundation at the required level.

      Kaplan International College (KIC) London
      Additionally, the University works in partnership with KIC London to provide a range of preparatory courses for international students. KIC London courses offer comprehensive support to students - including regular one-to-one tuition. Students who successfully complete the KIC London Foundation course at the required level are able to progress to City University degree courses.

      English language requirements

      If your first language is not English, we will require evidence of English language proficiency. Minimum requirements are:

      Qualification Requirement IELTS 6.5 with a minimum of 6 in any unit PTE Academic 58 overall with a minimum of 50 in each component GCSE English language grade C

      View further information about the minimum acceptable English language requirements for Tier 4 students.

      Application and fees

      All applications should be made through UCAS, the Universities and Colleges Admissions Service. Applications are made via Apply, UCAS's online application system.

      Institution code: C60 (Cass Business School and City University London)
      Course code: G322

      You can find more information at UCAS and in the UCAS Handbook.

      Fees 2016/17
      • UK/EU students: £9,000 per year (fees in subsequent years may be subject to increases (limited to the Retail Prices Index) dependent on governmental policy)
      • Non-EU international students: £16,000 per annum (fees may increase in subsequent years in line with the Retail Prices Index)

      Your career after Cass

      The majority of our graduates become actuarial trainees and study for the Institute and Faculty of Actuaries' examinations. Others embark on careers in:

      • Investment banking and investment management
      • accountancy
      • commercial banking
      • insurance
      • financial analysis
      • management
      • computing and teaching.

      Recent employers have included EY, Travellers Insurance and Towers Watson. Some students progress to postgraduate study, often on Cass Business School's MScActuarial Management.

      See what our BSc (Hons) Actuarial Science graduates are doing six months after completion of the course.


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