BSc Actuarial Sciences (with a Year in Industry)


Attendance
Full Time
Award
Degree of Bachelor of Science



UCAS Course Code
N323
A-Level typical
AAB (2018/9 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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Key facts

Key facts

Actuarial Sciences at UEA allows you to turn your interest in maths, computing and business into a successful career as an actuary. We focus on preparing and supporting you for a secure, in demand and well-paid career path. We have strong links with Aviva, providing you with a unique opportunity to gain tuition, experience and employment from the best in the industry. The year in industry will ensure you graduate with relevant work experience, putting you one step ahead of other students.

You will be taught by expert academics from the Schools of Computing Sciences, Mathematics and Economics, as well as practicing Actuaries from Aviva. The vast majority of learning takes place in small groups, providing you with quality contact time with lecturers while learning through first-hand experience. Recent placement partners have included Aviva, Lloyds Bank, NFU Mutual and Xafinity.

Overview

The BSc Actuarial Sciences with a year in industry programme allows you to spend a year in industry, giving you the chance to gain relevant work experience and to apply the theory you will learn to practical use in a professional environment. The course is aimed at students who wish to become professional actuaries, and who are passionate about mathematics, economics and problem solving.

Our multidisciplinary programme covers interrelating subjects on current issues in Mathematics, Computing, Finance and Business. Teaching combines the expertise of the School of Computing Sciences, School of Mathematics and the School of Economics alongside the expertise of practicing actuaries from Aviva, made possible through our strong links with industry.

The teaching programme is designed to develop your mathematical, financial and statistical knowledge, as well as encouraging you to pursue specialist interests in business or computing and helping you to develop valuable communication and presentation skills. The course also gives you the opportunity to gain exemptions from the first eight professional examinations set by the UK Actuarial Profession (CT1-CT8).  Furthermore, you may use the experience gained during your year in industry to count towards the work based skills requirement for becoming a Fellow of the Institute and Faculty of Actuaries.

Course Structure

This course will begin by developing your knowledge in areas including mathematics, computing, economics and business. Each year includes an optional module which allows you to pursue your own specialist interests. Your third year will be spent in industry, gaining experience relating to the actuarial profession. Specialisation continues in your final year, alongside core modules designed to strengthen your mathematical knowledge and familiarise you with professional actuarial practice.

Year 1

Compulsory modules in the first year provide you with a clear understanding of areas including mathematics, computing, business and problem solving skills. You will receive teaching from a variety of departments that will build upon and develop your pre-existing knowledge, with modules including ‘An Introduction to Financial Maths’ that will begin to develop your awareness and understanding of actuarial practice as well as developing some practical modelling skills.  The optional module in year 1 offers you the choice between ‘Actuarial Skills 1’ which is taught in partnership with Aviva and ‘Database Systems’ which offers students the opportunity to further develop skills that would be useful for those students looking to work in the area of data science.

Year 2

In the second year of your degree you will be introduced to specific actuarial themes and taught about business and economics in the actuarial profession.  The optional module in year 2 offers you the choice between ‘Financial Accounting for Actuaries’ which is included in the accreditation agreement and ‘Programming for non-specialists’,once again allowing students the opportunity to tailor their programme to either the more traditional actuarial science degree or one with a broader set of computing skills.

Year 3 (Year in Industry)

In your third year you will take part in an industrial placement from 9-14 months of full time employment. The placements are sourced and secured by you (with help from UEA), and you will be paying a reduced tuition rate and potentially receiving a wage. Throughout the work placement you will keep in close contact with an assigned mentor at UEA, who will also visit you at least once during the year. You will also be supported by an industrial supervisor.

Year 4

Academic development continues into your final year, where you will be able to focus on developing your advance knowledge of statistics, mathematics and professional actuarial practise.  The final year allows students the option to complete a dissertation as well as a further module taught in partnership with Aviva or alternatively to develop further computer science skills by taking ‘Information retrieval’.

Year In Industry

Completion of a Year in Industry programme will ensure you graduate with relevant work experience, putting you one step ahead of other students. This exciting degree programme provides you with this opportunity.

There is no greater asset in today’s competitive job market than relevant work experience. A Year in Industry will give you first-hand knowledge of not only the mechanics of how your chosen field operates but it will also greatly improve your chances of progressing within that sector as you seal valuable contacts and insight. These courses will also enhance your studies as theory is transformed into reality in a context governed by very real, time and financial constraints.

Our Industrial Links

We have well-established commercial connections throughout the UK and beyond and can help you to identify and compete for appropriate industrial opportunities. Recent placement partners in the School have included: Aviva, Lloyds Bank,  NFU Mutual, Xafinity  and Liverpool Victoria.

Financial Benefits

A big attraction to this type of course, apart from the enhanced career prospects, is that students will pay much reduced tuition fees for that year (see fees and funding tab). There is also a realistic chance of being paid by the placement provider during the year which is a great way to help fund your continued studies.

For the latest on financial arrangements for our Year in Industry students please visit the UEA Finance webpage.

How it Works

The Year in Industry BSc degree programmes are four years in length with the work placement taking place during the third year. They are a minimum of nine months full-time employment and a maximum of 14 months.

Throughout the work placement, you keep in close contact with an assigned mentor at UEA and your mentor will also visit you at least once during the year. You will also be supported by an industrial supervisor.

We expect students to seek their own work placements, although the School has industrial collaborators aplenty to help you with your choice. Not only will this ensure that you work within your preferred field of computing sciences, it will also provide you with the essential job-hunting skills you will require after graduation. We will, of course, offer our guidance whilst students are identifying and negotiating placement opportunities.

Please note that we cannot guarantee any student a work placement as this decision rests with potential employers and students will be expected to source these placements themselves.

For further information, please contact Dr Mark Fisher, Year in Industry Co-ordinator, e-mail: Mark.Fisher@uea.ac.uk.

View our Year in Industry brochure.

Student Experiences

  • Declan Clegg, Actuarial Science student, returns from a fulfilling year in industry at Royal London
  • Jonathan Lane, Actuarial Science student, undertakes an internship at the American International Group (AIG)
  • Lucinda Webb, Actuarial Science student, reports on her experiences of studying at Aviva

Course Modules 2017/8

Year 1

Compulsory Modules:

  • Introduction to Financial Maths and Modelling
  • Economics for Business
  • Web Based Programming
  • Calculus
  • Probability for Actuaries

Optional Modules include:

  • Actuarial Skills 1
  • Database Systems

Year 2

Compulsory Modules:

  • Financial Mathematics
  • Mathematical Statistics
  • Applied Statistics
  • Differential Equations and Linear Algebra
  • Contingencies and Modelling

Optional Modules include:

  • Financial Accounting for Actuaries
  • Programming for Non-Specialists

Year 3

Year spent on placement in industry

Year 4

Compulsory Modules:

  • Advanced Statistics
  • Further Contingencies
  • Actuarial Methods and Models

Optional Modules include:

  • Financial Markets
  • Further Financial Maths
  • Statistics Project
  • Actuarial Skills 2
  • Systems Engineering
  • Information Retrieval

Disclaimer

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.

Further Reading

Entry Requirements

  • A Level AAB including Mathematics at grade A. All science A levels must include a pass in the practical element
  • International Baccalaureate 33 points including HL Mathematics at 6 and one other HL subject at 6. If no GCSE equivalent is held, offer will include Mathematics and English requirements.
  • Scottish Highers Only acceptable in combination with Advanced Highers
  • Scottish Advanced Highers BBC including Mathematics at grade B. A combination of Advanced Highers and Highers might be acceptable
  • Irish Leaving Certificate AAAABB including A in Mathematics or four subjects at H1 and two subjects at H2 with H1 in Mathematics
  • Access Course Pass the Access to HE Diploma with Distinction in 36 credits at Level 3 and Merit in 9 credits at Level 3, including 12 Level 3 credits in Mathematics at Distinction. Science pathway required,
  • BTEC Only accepted alongside A level Mathematics at grade A
  • European Baccalaureate Overall 80% including 85% in Mathematics

Entry Requirement

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

General Studies and Critical Thinking are not accepted 

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:

Interviews

The majority of candidates will not be called for an interview. However, for some students an interview will be requested. These are normally quite informal and generally cover topics such as your current studies, reasons for choosing the course and your personal interests and extra-curricular activities.

Gap Year

We welcome applications from students who have already taken or intend to take a gap year, believing 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 may wish to contact the appropriate Admissions Office directly to discuss this further.

Intakes

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

Alternative Qualifications

We encourage you to apply if you have alternative qualifications equivalent to our stated entry requirement. Please contact us for further information.

 

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

If you would like to discuss your individual circumstances with the Admissions Office prior to applying please do contact us:

Undergraduate Admissions Office
Tel: +44 (0)1603 591515
Email: admissions@uea.ac.uk

    Next Steps

    We can’t wait to hear from you. Just pop any questions about this course into the form below and our enquiries team will answer as soon as they can.

    Admissions enquiries:
    admissions@uea.ac.uk or
    telephone +44 (0)1603 591515