BSc Actuarial Sciences (with a Year in Industry)

Full Time
Degree of Bachelor of Science

UCAS Course Code
A-Level typical
ABB (2019/0 entry) See All Requirements
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Actuarial Sciences incorporates multi-disciplinary teaching, combining the expertise of the School of Computing Sciences, School of Mathematics, School of Economics and Norwich Business School to give our students a unique opportunity to pursue a stimulating and influential career as an actuary.

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Find out what it’s like to study Actuarial Sciences at UEA.

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Key facts

Key facts

Gain exemptions from the CM1, CM2, CS1, CS2, CB1 and CB2 professional exams set by the Institute and Faculty of Actuaries.

Study the art of risk: measuring it, assessing it, managing it, mitigating it – and sometimes profiting from it.

Crossing the road, making a cup of tea, flying on holiday, starting a new business: nearly everything in life encompasses an element of risk. And to an Actuary, risk is everything. If you’re strong on mathematics and have an interest in business and economics, are fascinated by world events and not afraid to take an educated gamble, a career in this small but growing (and pretty lucrative) profession could be ideal.

Our Actuarial Science degree will teach you how to look to the future from a business perspective, assess any likely impact, then put a price on mitigating any risk. And with an integral year in industry, you’ll gain invaluable hands-on experience, putting the theory into practice.

Actuarial Science is exciting, challenging and stimulating – and its skillsets are in increasingly high demand.


If you have a love of mathematics and business but want to work with them in a more applied field, Actuarial Science is a great choice. As well as becoming a professional Actuary, it opens up doors to broader fields including data science and risk management. Our multidisciplinary Actuarial Science degree course brings together UEA’s Schools of Mathematics, Computing Sciences and Economics, along with the expertise of practising Actuaries.

You’ll spend the third year of this four year degree in a commercial environment, working alongside professional actuaries, gaining a true understanding of the application of technical concepts in the workplace. So you’ll graduate not only with technical skills but with relevant work experience too, putting you one step ahead of other graduates.

A Year in Industry is strongly recommended by our industry contacts, who say it significantly enhances your employment prospects. It will also count towards the work-based skills required to become a Fellow of the Institute and Faculty of Actuaries.

You’ll gain first-hand knowledge of the mechanics of your chosen field, while greatly improving your chances of progressing within that sector as you secure valuable contacts and insight. What’s more, you’ll be able to put theory into practice in a context governed by real-world time and financial constraints.

Course Structure

You’ll commence this four-year degree by further developing your knowledge of mathematics, computing, economics and business. Each year you’ll have the option to choose a traditional actuarial module or, if you’re thinking about specialising in data science, you’ll be able focus on developing additional computing skills. Plus, we’ll help you hone the communication and presentation skills essential to anyone entering the financial sector. 

Year 1

Compulsory modules in the first year provide you with a clear understanding of mathematics, computing and problem solving. You’ll build on and develop your pre-existing knowledge and start developing your awareness and understanding of actuarial mathematics, as well as acquiring some practical modelling skills. Options in year one allow you to choose between a skills-based module, taught in partnership with practicing actuaries, and an additional computing module, designed to develop your data science skills.

Year 2

In the second year you’ll be introduced to specific actuarial themes and taught about business in the context of the actuarial profession. Optional modules offer you the choice between ‘Financial Accounting for Actuaries’, which is included in the accreditation agreement, and a computing science module. So, once again, you can tailor your programme to a more traditional actuarial science degree, or to one with a broader set of computing skills.

Year 3

You’ll spend your third year gaining hand-on experience working alongside practicing actuaries on industrial placement. We have well-established commercial connections throughout the UK and beyond, and we’ll help you to identify and compete for appropriate industrial opportunities. Recent placement partners have includedAviva,Lloyds Bank, NFU Mutual, Xafinity and LV.

Year 4

In your final year you’ll be able to focus on developing your advance knowledge of statistics, mathematics and professional actuarial practise. You’ll also be given the option to complete a dissertation, as well as a module taught in partnership with practising actuaries. Alternatively, if computer science is your preferred area of focus, you could choose to further develop these skills.

Teaching and Learning

The Actuarial Science degree at UEA is taught through a combination of lectures, classes, seminars and lab work. Our lab work, classes and seminars are particularly crucial to your degree programme, as they are where we’ll reinforce and expand on the material covered in the lectures.

We also offer specialist actuarial modules, which are usually taught by qualified actuaries in a classroom environment, providing you with plenty of interactivity and real world examples.

Independent study

Your formal teaching on the course will be complemented with individual study. You’ll be set formative work to complete between lectures and within classes, seminars and lab work, helping cement your understanding of new material.

Learning to study independently is a key skill for all aspiring Actuaries and is something that will be developed gradually throughout the programme as your confidence grows.


We employ a range of assessment methods throughout the course, including, examinations, written assignments, class tests, problem sheets, group work and presentations to a variety of audiences.

We adapt how and when we assess you in accordance with each module’s content and objectives, however most modules will feature a combination of coursework and exams.

Optional Study abroad or Placement Year

You’ll spend your third year on industrial placement in a commercial environment. Recent placement partners in the School have included:Aviva,Lloyds Bank, NFU Mutual, Xafinity and LV.

You will be expected to seek your own work placement and in the first two weeks of your second year you will be asked to write a curriculum vitae and to apply to a range of companies. Not only will this ensure that you work within your preferred field, it will also provide you with the essential job-hunting skills you will require after graduation. We will, of course, offer our guidance and support whilst students are identifying and negotiating placement opportunities.

During this year you’ll be supported by an industrial supervisor and a mentor from the University. You and your industrial supervisor will feed back during the placement to ensure that it is progressing well, and your UEA mentor will visit you during the year.

Please note that we cannot guarantee any student a work placement as this decision rests with potential employers.

If you were unable to secure a work placement by the end of your second year you will have the option to apply to be transferred onto the equivalent degree programme without a Year in Industry.

After the course

On successful completion of our Actuarial Science degree, your academic performance could earn you exemptions to the professional actuarial examinations set by the Institute & Faculty of Actuaries. We currently offer exemptions from the first eight (CT1-CT8) examinations, however this will change in 2019, in line with the Institute & Faculty’s changes. If you achieve a good degree class, you can expect to be fully-qualified within two or three years.

Beyond becoming a professional Actuary, you could choose to pursue a stimulating and influential career in a wide range of sectors, including business, insurance, pensions, banking, accounting and other financial services.

Career destinations

Examples of careers that you could enter include:

  • Actuary
  • Banking and finance
  • Data scientist
  • Risk manager
  • Investment manager
  • Financial modeler

Course related costs

You are eligible for reduced fees during the year in industry. Further details are available on our Tuition Fee website. 

There may be extra costs related to items such as your travel and accommodation during your year in industry, which will vary depending on location.

Please see Additional Course Fees for details of other course-related costs.

Students are strongly encouraged to purchase recommended texts for the actuarial modules as well as a copy of the ‘Formulae and Tables for Examinations of the Faculty of Actuaries and the Institute of Actuaries’. Both can be purchased via the School at a discounted price at the start of each academic year.


This course is accredited by the Institute and Faculty of Actuaries (IFoA).

By studying an accredited degree course means that you may be eligible for exemptions from some of the IFoA’s professional exams. This will depend on the modules you take and the grades you obtain. For a current list of exemptions please visit the IFoA’s website

Course Modules 2019/0

Students must study the following modules for 100 credits:

Name Code Credits


In this module: (a) Complex numbers. (b) Vectors. (c) Differentiation; power series. (d) Integration: applications, curve sketching, area, arc-length. (e) First and second-order, constant-coefficient ordinary differential equations. Reduction of order. Numerical solutions using MAPLE. Partial derivatives, chain rule. (f) Line integrals. Multiple integrals, including change of coordinates by Jacobians. Green's Theorem in the plane.




By taking this module you will learn an introduction to core economic theory and principles in a business context. You will learn about both basic microeconomic and macroeconomic theory which will ensure you gain the ability to understand and analyse current economic issues with relevance for business.




You will learn introductory material relating to financial maths such as present values, accumulations, annuities. You will also get an introduction to spreadsheet skills for actuaries as well as some discrete maths material in preparation for later modules.







In this module you will be introduced to some of the tools used for web development. You will then build a substantial dynamic web site using HTML, CSS, Javascript and a high level language. An understanding of the underlying mechanisms of the technologies used in the Internet and World Wide Web is essential for any computing science student. Therefore, in the latter part of the module you will learn about these technologies and undertake a practical approach to exploring them. You will learn about issues of information systems security at all stages but also in dedicated sessions. In the final element of the module you will study multi-media issues in web based systems.



Students will select 20 credits from the following modules:

Name Code Credits


In taking this module, in addition to classes led by UEA academics, you will have contact with practicing actuaries. You will develop a good understand of the traditional areas in which actuaries work. You will also begin to develop and practice communication skills, particularly those related to future employment. You will be given the opportunity to identify the skills you already have and to consider how you can develop further relevant skills.




This module is based on the relational model and will introduce you to important aspects of databases, database manipulation and database management systems. You will explore the tools and methods for database design and manipulation as well as the programming of database applications. You will use a modern relational database management system to gain practical experience. You will also develop programming experience using SQL, and using a high level programming language to write applications that access the database.



Students must study the following modules for 100 credits:

Name Code Credits


This is a module designed to give students the opportunity to apply statistical methods in realistic situations. While no advanced knowledge of probability and statistics is required, we expect students to have some background in probability and statistics before taking this module. The aim is to teach the R statistical language and to cover 3 topics: Linear regression, ANOVA, and Survival Analysis.




You'll gain a good grounding in the mathematical techniques which can be used to model and value cash flows dependent on death, survival or other uncertain risks. You will study the statistics associated with various life assurance contracts and the calculation of their premiums and reserves. You will also develop further your financial modelling skills by focusing on understanding the importance of an audit trail and including good model documentation.




This module builds on the mathematical fundamentals introduced in year 1 and covers both Differential Equations and Linear Algebra. You'll develop the pre-requisite mathematical skills for Actuarial Methods and Models, and Advanced Statistics. In Differential Equations you will develop skills for solving both Ordinary Differential Equations and Partial Differential Equations by a variety of techniques. For Ordinary Differential Equations the methods include series solutions and the method of Frobenius. Fourier series are introduced and utilised when solving Partial Differential Equations by separation of variables. In Linear Algebra you will develop skills in the algebra of matrices, including: Matrix operations, linear equations, determinants, eigenvalues and eigenvectors, diagonalization and geometric aspects.




In taking this module you will build on the fundamentals of compound interest introduced in the first year of the course. You will learn how the key concepts introduced can be used in practical financial applications for actuaries.




It introduces the essential concepts of mathematical statistics deriving the necessary distribution theory as required. In consequence in addition to ideas of sampling and central limit theorem, it will cover estimation methods and hypothesis-testing. Some Bayesian ideas will be also introduced.



Students will select 20 credits from the following modules:

If students elect to take optional modules associated with IFoA Exemptions (i.e. in Year 2, CMP-5040Y), they will be required to pass these modules as they are designated core.

Name Code Credits


In taking this module you will learn the necessary basic financial accounting skills/knowledge required by Actuaries.




The purpose of this module is to give the student a solid grounding in the essential features programming using the Java programming language. The module is designed to meet the needs of the student who has not previously studied programming.



Students must study the following modules for 120 credits:

Name Code Credits


This module provides an opportunity for students to undertake individual project work during their industrial training placement.




This module is for students who are enrolled on undergraduate programmes that combine academic study with an opportunity to gain experience by working for a year in industry.



Students must study the following modules for 60 credits:

Name Code Credits


You will gain a further grounding in mathematical and statistical techniques of relevance to financial work including a grounding in stochastic processes and survival models and their applications. You will learn about risk models involving frequency and severity distributions and the concept of ruin. You will also examine the use of Bayesian statistics to derive credibility premiums and the techniques for analysing andquot;run-offandquot; triangles in general insurance.




This module covers two topics in statistical theory: Linear and Generalised Linear models and also includes Stochastic processes. The first two topics consider both the theory and practice of statistical model fitting and students will be expected to analyse real data using R. Stochastic processes including the random walk, Markov chains, Poisson processes, and birth and death processes.




This module provides grounding in the mathematical techniques which can be used to model and value cash flows dependent on death, survival or other uncertain risks. It considers the statistics associated with various life assurance contracts and the calculation of their premiums and reserves. The module closely follows the Actuarial Profession's syllabus for 'CT5', Contingencies ( and it is anticipated that successful completion of this module together with the successful completion of the second year module CMP-5031Y, Contingencies, will enable students choosing to follow an actuarial career to gain an exemption from CT5.



Students will select 60 credits from the following modules:

If students elect to take optional modules associated with IoFA Exemptions (i.e. in Year 3, CMP-6032B and CMP-6035A), they will be required to pass these modules as they are designated core.

Name Code Credits


In taking this module you will further develop the employability skills necessary for an Actuarial/financial trainee. ou will receive teaching from practicing actuaries, which will focus on preparing you for the real world i.e. with a focus on 'hot topics', developing communication and presentation skills and the professional responsibilities of actuaries.




In taking this module you will learn about both asset pricing and portfolio management.




This is a technical finance module and ideal if you are wishing to pursue a career in the financial sector. The focus will be on derivatives valuation and hedging. The unit will be highly analytical, with seminar sessions held in computer labs. Topics covered will include: bonds; futures/ forwards; options; swaps; hedging; VaR; continuous time stochastic processes and calculus; and stochastic models of security prices.




In this module you will learn about the development of the technologies which are the basis of search on the Web. Search engine development has been driven by large increases in online documents and the need to provide better results. You will learn about a range of techniques for improving search results and how to evaluate their impact.




This module will give you experience of independent project work and, via the lecture programme, will provide a primer on the law, ethical and professional behaviour, project management, reporting and other aspects of being a statistician. You will be allocated a supervisor and will be expected to work closely with him or her on a mutually agreed project.




Whilst the University will make every effort to offer the modules listed, changes may sometimes be made arising from the annual monitoring, review and update of modules and regular (five-yearly) review of course programmes. Where this activity leads to significant (but not minor) changes to programmes and their constituent modules, there will normally be prior consultation of students and others. It is also possible that the University may not be able to offer a module for reasons outside of its control, such as the illness of a member of staff or sabbatical leave. In some cases optional modules can have limited places available and so you may be asked to make additional module choices in the event you do not gain a place on your first choice. Where this is the case, the University will endeavour to inform students.

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Entry Requirements

  • A Level ABB including grade A in Mathematics
  • International Baccalaureate 32 points including HL6 in Mathematics
  • Scottish Advanced Highers BCC including grade B in Mathematics
  • Irish Leaving Certificate 3 subjects at H2 including Mathematics and 3 subjects at H3
  • Access Course Pass the Access to HE Diploma with Distinction in 30 credits at Level 3 including 12 credits in Maths and Merit in 15 credits at Level 3
  • BTEC DDM acceptable in an IT or Science-based subject alongside grade A in A-level Mathematics. Excludes Public Services on its own
  • European Baccalaureate 75% overall including 85% in Mathematics

Entry Requirement

Science A-levels must include a pass in the practical element.

A-Level General Studies and Critical Thinking are not accepted.

GCSE Requirements: GCSE English Language grade 4 or C and GCSE Mathematics grade 4 or C.

UEA recognises that some students take a mixture of International Baccalaureate IB or International Baccalaureate Career-related Programme IBCP study rather than the full diploma, taking Higher levels in addition to A levels and/or BTEC qualifications. At UEA we do consider a combination of qualifications for entry, provided a minimum of three qualifications are taken at a higher Level. In addition some degree programmes require specific subjects at a higher level.

Students for whom English is a Foreign language

We welcome applications from students from all academic backgrounds. We require evidence of proficiency in English (including speaking, listening, reading and writing) at the following level:

  • IELTS: 6.5 overall (minimum 6.0 in any component)

We will also accept a number of other English language qualifications. Please click here for further information.

INTO University of East Anglia 

If you do not meet the academic and/or English language requirements for this course, our partner INTO UEA offers guaranteed progression on to this undergraduate degree upon successful completion of a foundation programme. Depending on your interests and your qualifications you can take a variety of routes to this degree:

INTO UEA also offer a variety of English language programmes which are designed to help you develop the English skills necessary for successful undergraduate study:


The majority of candidates will not be called for an interview and a decision will be made via UCAS Track. However, for some students an interview will be requested. You may be called for an interview to help the School of Study, and you, understand if the course is the right choice for you.  The interview will cover topics such as your current studies, reasons for choosing the course and your personal interests and extra-curricular activities.  Where an interview is required the Admissions Service will contact you directly to arrange a convenient time.

Gap Year

We welcome applications from students who have already taken or intend to take a gap year.  We believe that a year between school and university can be of substantial benefit. You are advised to indicate your reason for wishing to defer entry and to contact directly to discuss this further.


The School's annual intake is in September of each year.

Fees and Funding

Undergraduate University Fees and Financial Support

Tuition Fees

Information on tuition fees can be found here:

UK students

EU Students

Overseas Students

Scholarships and Bursaries

We are committed to ensuring that costs do not act as a barrier to those aspiring to come to a world leading university and have developed a funding package to reward those with excellent qualifications and assist those from lower income backgrounds. 

The University of East Anglia offers a range of Scholarships; please click the link for eligibility, details of how to apply and closing dates.

How to Apply

Applications need to be made via the Universities Colleges and Admissions Services (UCAS), using the UCAS Apply option.

UCAS Apply is a secure online application system that allows you to apply for full-time Undergraduate courses at universities and colleges in the United Kingdom. It is made up of different sections that you need to complete. Your application does not have to be completed all at once. The system allows you to leave a section partially completed so you can return to it later and add to or edit any information you have entered. Once your application is complete, it must be sent to UCAS so that they can process it and send it to your chosen universities and colleges.

The UCAS code name and number for the University of East Anglia is EANGL E14.

Further Information

Please complete our Online Enquiry Form to request a prospectus and to be kept up to date with news and events at the University. 

Tel: +44 (0)1603 591515



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