Actuaries evaluate and manage financial risk. The Actuarial Science MSc prepares graduates from a mathematical background for a career as an actuary. No prior knowledge of actuarial science is required.
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.
The MSc is available as a full-time (one-year) programme and is suitable for those who have completed a first degree, postgraduate diploma or our MSc in Actuarial Science, or those who have studied the majority of the earlier subjects in the Core Principles Stage. Students who achieve a high enough overall mark in our programmes can obtain exemptions from the professional examinations included within their studies.
As one of the few universities to offer actuarial science in the UK, Kent’s programme is recognised for its strong mix of theoretical and practical expertise. The teaching staff include many actuaries drawn from professional practice, along with specialised researchers.
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.
In 2010, the Centre for Actuarial Science, Risk and Investment (CASRI) was set up within the School of Mathematics, Statistics and Actuarial Science to reflect the widening scope of the teaching and research of the staff. Within CASRI, research in actuarial science can be broadly classified into the following three themes: economic capital and financial risk management, longevity risk modelling, and public policy aspects of insurance risk classification. This achieves a balance between theoretical and applied investigations, as well as addressing social policy implications. The group has a deep and long-standing association with the Institute and Faculty of Actuaries, as well as with other educational institutions worldwide.
Duration: 2 years full-time
The course is based on a ‘core modules plus options’ structure and exemptions can be gained from professional examinations.
You must take 360 credits in order to pass the MSc with Industrial Placement.
Placements last for 12 months, commencing in June/July of the Summer Term. Upon completion of your placement, you will return to Kent to take your exams. Placements may be undertaken in the UK or overseas.
The University does not guarantee every student will find a placement. Those who do not secure a placement will be transferred to the MSc programme without a placement.
The placement consists of two modules: Industrial Placement Experience and Industrial Placement Report. The Experience module is assessed as pass/fail only and the Report module is graded on a categorical scale.
Assessment is usually by a mixture of coursework and examination; exact weightings vary from module to module.
Students who are considered to have performed sufficiently well in the programme (both in examinations and coursework), as determined by examiners appointed by the Institute and Faculty of Actuaries, will receive exemptions.
If you fail to achieve a suitable overall standard, you might still be awarded individual subject exemptions.
The taught component, project and work placement constitute a single stage. However, commencement of the placement is conditional on satisfactory progress in the taught component, as determined at the interim examination board in June. A student with resits amounting to more than 30 credits following the August exam will normally be required to retrieve the credit before beginning a placement.
To be eligible for the award of an MSc with an Industrial Placement, students must meet the requirements for the award of the MSc without a placement and pass both of the placement modules.
This programme aims to:
Knowledge and understanding
You will gain knowledge and understanding of:
You will develop intellectual skills in:
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