BSc Hons Accounting, Business Finance and Management
The University of York is a prestigious institution known for its commitment to academi...
BSc (Hons) Actuarial Science
York
INTAKE: September
Program Overview
The BSc (Hons) Actuarial Science program at the University of York is a specialized undergraduate degree that combines mathematical and statistical principles with financial theory. It focuses on preparing students for careers as actuaries, professionals who assess and manage financial risks for organizations.
Curriculum: The curriculum covers a wide array of subjects including mathematics, statistics, economics, finance, and risk management. Students learn mathematical modeling techniques, probability theory, financial mathematics, and computational methods relevant to actuarial practice.
Research Focus: The program emphasizes research skills essential for actuarial practice. Students are exposed to research projects exploring areas such as risk modeling, insurance analytics, financial forecasting, and data analysis, enhancing their analytical and problem-solving abilities.
Industry Engagement: The BSc (Hons) Actuarial Science program fosters industry engagement through partnerships with professional actuarial bodies, guest lectures by industry experts, and opportunities for internships or placements within actuarial firms. This engagement ensures students acquire practical skills and industry-relevant knowledge.
Global Perspective: The program integrates a global perspective by addressing actuarial practices and financial risk management in an international context. Students explore global financial markets, regulatory frameworks, and risk assessment methodologies applied globally.
Location
York
Score
IELTS 6.5
Tuition Fee
£ 21950
Undergraduate Entry Requirements
Academic Qualifications: Applicants should have successfully completed their secondary education with a minimum overall score of 80% or equivalent in their respective country's grading system.
English Language Proficiency:
- IELTS: A minimum overall score of 6.5 with no individual component below 6.0.
- TOEFL: A minimum overall score of 87, with at least 21 in Listening, 21 in Reading, 21 in Speaking, and 21 in Writing.
- PTE Academic: A minimum overall score of 61 with no individual score below 55.
- Some programs may have specific subject prerequisites or additional requirements.
Students must provide:
- academic marksheets & transcripts
- letters of recommendation
- a personal statement - SOP
- passport
- other supporting documents as required by the university.
It is important to note that meeting the minimum entry requirements does not guarantee admission, as the university considers factors such as availability of places and competition for the program. Additionally, some courses may have higher entry requirements or additional selection criteria, such as interviews or portfolio submissions.
The University of York, located in the UK, offers a range of scholarships to support their educational journey. These scholarships aim to recognize academic excellence, encourage cultural diversity, and provide financial assistance to deserving students.
Academic Excellence Scholarships: The University of York offers scholarships based on academic merit to outstanding international students applying for undergraduate or postgraduate programs. The scholarships provide financial support in the form of partial tuition fee reductions.
Vice-Chancellor's Scholarships: These prestigious scholarships are awarded to exceptional international students who demonstrate outstanding academic achievements and leadership potential. The scholarships cover full tuition fees and also provide a generous living stipend to support the students' living expenses during their studies.
Departmental Scholarships: Many departments within the University of York offer scholarships to international students within specific academic fields. These scholarships may cover partial or full tuition fees and are awarded based on academic excellence and potential within the chosen field.
Country-Specific Scholarships: The University of York provides scholarships specifically designed for students from certain countries or regions. These scholarships aim to promote diversity and international collaboration. Examples include the York Graduate Research School Scholarships for students from specific countries or regions.
External Scholarships: The University of York encourages international students to explore external scholarship opportunities provided by governments, organizations, or foundations in their home countries. The university provides guidance and support to students in identifying and applying for these external scholarships.
Graduates from the BSc (Hons) Actuarial Science program at the University of York possess specialized skills in mathematical modeling, risk assessment, and financial analysis, enabling them to pursue diverse career paths in the field of actuarial science and related industries.
Actuary: Actuaries work in insurance companies, consulting firms, or financial institutions, assessing and managing financial risks by analyzing statistical data, developing models, and providing strategic advice on financial security.
Risk Analyst: Graduates can work as risk analysts in various industries, assessing and mitigating risks related to investments, finance, or business operations, using statistical and financial modeling techniques.
Insurance Underwriter: Opportunities exist in insurance companies, assessing risks associated with insurance policies, determining coverage terms, and calculating premiums based on risk analysis.
Pensions Consultant: Careers involve advising companies or individuals on pension schemes, analyzing financial data, and providing recommendations for pension planning and funding.
Financial Analyst: Graduates can work as financial analysts, analyzing market trends, evaluating investment opportunities, and conducting financial modeling for organizations.
Data Scientist: Opportunities exist in the field of data science, using statistical techniques and machine learning to extract insights from large datasets, often in finance or insurance sectors.
Actuarial Consultant: Graduates may work as consultants, providing advice to companies on risk management strategies, financial planning, or regulatory compliance.
Investment Analyst: Careers involve analyzing financial data and market trends to assess investment opportunities for companies or individuals.
Quantitative Analyst: Opportunities exist in quantitative finance, using mathematical and statistical methods to develop financial models and strategies for investment banks or hedge funds.
Corporate Risk Manager: Graduates can work in corporations, assessing and managing risks related to business operations, financial strategies, or regulatory compliance.
