MSc - International Master's in Applied Actuarial Science with an Industrial Placement

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Organisation
University of Kent
Start - End
5 Sep
Study Options
Full Time
Fee International
GBP 21200 - 21200

Actuaries evaluate and manage financial risk. They make financial sense of the future for their clients by applying advanced mathematical and statistical techniques to solve complex financial problems.

Overview

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. Kent is one of a very few universities in the UK to teach the subject.

Industrial 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.

Our International Master’s programme is fully accredited by the Institute and Faculty of Actuaries. It is equivalent to the MSc in Actuarial Science followed by the one-year MSc in Applied Actuarial Science.

International Students

This programme is for international students with a good first degree who would like to gain exemptions from subjects in the Core Principle, Core Practices and Specialist Principle Stages of the Institute and Faculty of Actuaries’ examinations.

About the School of Mathematics, Statistics and Actuarial Science (SMSAS)

The School has a strong reputation for world-class research and a well-established system of support and training, with a high level of contact between staff and research students. Postgraduate students develop analytical, communication and research skills.

In 2010, the Centre for Actuarial Science, Risk and Investment (CASRI) was set up within SMSAS to reflect the widening scope of the teaching and research of the staff. Areas of research interest include economic capital and risk management for financial services firms, mortality and longevity modelling, longevity indices and markets. Other research topics include genetics and insurance, insurance economics, pensions and corporate reporting.

The Centre includes 13 professionally qualified actuaries with many years’ practical experience in insurance and pensions, and who maintain excellent links with the actuarial profession.

Accreditation

This year, the Institute and Faculty of Actuaries (IFoA) is introducing a new actuarial qualification structure called Curriculum 2019. We are delighted to say that we have successfully achieved re-accreditation for all of our Actuarial Science programmes and will be offering exemptions under the IFoA's new qualification structure from September 2019.

Course structure

Duration: 3 years full-time

The course is based on a ‘core modules plus options’ structure and exemptions can be gained from professional examinations.

Progression to Stage 2 is conditional upon satisfactory performance in Stage 1. MSc degree classification is based solely on the marks achieved in the second year of study.

The International Master’s programme covers subjects in the Core Principle, Core Practices and Specialist Principle Stages of the Institute and Faculty of Actuaries’ examinations.

The first year of this programme covers core principle subjects and the second year covers a number of the CP and SP subjects. Progression to Stage 2 is conditional upon satisfactory performance in Stage 1. MSc degree classification is based solely on the marks achieved in the second year of study.

Find out more about accreditation for this programme and the Institute and Faculty of Actuaries examinations.

Your 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.

Teaching and assessment

Assessment is a combination of coursework and written examinations.

Programme aims

This programme aims to:

  • provide you with eligibility for subject exemptions from the Core Principle, Core Practices and Specialist Principle series of examinations of the Institute and Faculty of Actuaries. This means obtaining a thorough knowledge of core actuarial applications, developing the ability to apply this knowledge in a practical situation and gaining current knowledge and understanding of the practice of major areas in which actuaries are involved
  • develop your understanding, knowledge and awareness of current problems, much of which is at the forefront of current professional practice
  • ensure you are competent in the use of information technology, and are familiar with computers, together with the relevant software.



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