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 with a year in industry
York
INTAKE: September
Program Overview
The BSc (Hons) Actuarial Science program at the University of York offers a comprehensive undergraduate education focusing on mathematical modeling, statistical analysis, and financial theory within the context of actuarial practice. The program includes an option for a year in industry, allowing students to gain practical experience and apply theoretical knowledge in professional settings.
Curriculum: The curriculum covers a range of subjects including mathematics, statistics, economics, finance, risk management, and actuarial practice. Students engage in rigorous coursework, learning mathematical and statistical techniques relevant to actuarial work, along with modules focused on financial markets, insurance, and pension schemes.
Research Focus: The program emphasizes research skills essential for the actuarial profession. Students are encouraged to undertake independent projects or dissertations, exploring areas such as risk modeling, insurance analytics, or financial forecasting, enhancing their analytical and problem-solving abilities.
Industry Engagement: The inclusion of a year in industry allows students to gain practical experience through internships or placements within actuarial firms, insurance companies, or financial institutions. This engagement provides real-world exposure, allowing students to apply their skills, develop professional networks, and gain insights into the actuarial profession.
Global Perspective: The program integrates a global perspective by addressing actuarial practices and financial risk management within an international context. Students explore global financial markets, regulatory frameworks, and risk assessment methodologies applied across different regions and economies.
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 with a year in industry at the University of York possess a blend of theoretical knowledge and practical experience, paving the way for diverse career opportunities in actuarial science, finance, insurance, and related industries.
Actuarial Analyst: Graduates can begin their careers as actuarial analysts, working in insurance companies or consultancy firms, where they evaluate risks, develop pricing models, and provide strategic advice based on mathematical analysis.
Risk Manager: Opportunities exist as risk managers in financial institutions or corporations, where graduates assess and manage risks related to investments, business operations, or regulatory compliance, drawing on their analytical skills.
Pensions Consultant: Careers involve advising companies or individuals on pension schemes, analyzing financial data, and providing recommendations for pension planning and funding, often in consultancy or financial advisory roles.
Data Analyst/Scientist: Graduates can pursue roles as data analysts or data scientists, utilizing statistical techniques and computational methods to extract insights from large datasets, particularly within the finance or insurance sectors.
Financial Analyst: Opportunities exist as financial analysts, analyzing market trends, evaluating investment opportunities, and providing financial advice based on comprehensive risk assessments.
Insurance Underwriter: Graduates may work as insurance underwriters, assessing risks associated with insurance policies, determining coverage terms, and calculating premiums based on thorough risk analysis.
Actuarial Consultant: Careers involve providing consulting services to companies on risk management strategies, financial planning, or regulatory compliance, leveraging their expertise gained from industry experience.
Quantitative Analyst: Opportunities exist in quantitative finance, where graduates use mathematical and statistical methods to develop financial models and strategies for investment banks or hedge funds.
Research Analyst: Graduates can pursue research roles, conducting analysis and contributing insights into areas such as risk modeling, financial forecasting, or insurance analytics.
Financial Planner: Careers involve assisting individuals or businesses in financial planning, utilizing expertise in risk assessment and financial modeling.
