BSc Accounting
The BSc Accounting program at Queen's University Belfast is designed to provide stu...
BSc Actuarial Science and Risk Management
Belfast
INTAKE: September
Program Overview
The BSc in Actuarial Science and Risk Management at Queen's University Belfast is a specialized program designed to provide students with a strong foundation in mathematics, statistics, finance, and risk management. It equips students with the quantitative skills and theoretical knowledge required to excel in the actuarial profession and risk management sectors.
Curriculum: The curriculum of the BSc program encompasses a blend of mathematical, statistical, financial, and business-related modules. Students study subjects such as calculus, probability, financial mathematics, economics, risk analysis, insurance, and actuarial modeling. The program incorporates practical applications, utilizing software tools to analyze and manage risks.
Research Focus: Queen's University Belfast encourages research within the field of actuarial science and risk management. Students have opportunities to engage in research projects exploring actuarial models, risk assessments, and financial forecasting. Faculty members conduct research in areas such as risk modeling, insurance analytics, and financial risk management, providing students with exposure to cutting-edge research.
Industry Engagement: The university fosters strong connections with industry stakeholders, actuarial firms, financial institutions, and insurance companies. Through guest lectures, internships, and industry placements, students gain practical experience and insights into real-world applications of actuarial science and risk management, preparing them for professional roles.
Global Perspective: The BSc program emphasizes a global perspective by examining risk management practices and financial systems from an international standpoint. It explores global risk factors, financial regulations, and diverse economic environments. Additionally, students may have opportunities for international study programs or collaborations with global firms, enhancing their understanding of global risk management practices.
Location
Belfast
Score
IELTS 6.5
Tuition Fee
£ 18800
Undergraduate Entry Requirements
Academic Qualifications: Applicants should have successfully completed their secondary education with a minimum overall score of 80 to 85% or equivalent in their respective country's grading system.
English Language Proficiency:
- IELTS: A minimum overall score of 6.0 with no individual component below 5.5.
- TOEFL: A minimum overall score of 90, with at least 17 in Listening, 18 in Reading, 20 in Speaking, and 17 in Writing.
- PTE Academic: A minimum overall score of 62 with no individual score below 51.
- 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.
Queens University Belfast offers a range of scholarships and funding opportunities to support students in their academic pursuits. These scholarships recognize academic excellence, diversity, and financial need.
Queens University Belfast International Scholarships: The university provides a range of scholarships specifically for international students. These scholarships vary in terms of eligibility criteria, funding amount, and application requirements. Examples include the International Office Undergraduate Scholarship, International Office Postgraduate Taught Scholarship, and International Office Postgraduate Research Scholarships.
Vice-Chancellors International Attainment Scholarship: The Vice-Chancellor's International Attainment Scholarship is aimed at international students with exceptional academic performance. It provides a significant reduction in tuition fees for undergraduate and postgraduate programs.
Queens University Belfast Scholarships for Excellence: The Scholarships for Excellence program at Queen's University Belfast is designed to support high-achieving undergraduate students. These scholarships recognize exceptional academic performance and provide financial assistance to help students reach their full potential.
Country-Specific Scholarships: Queens University Belfast offers scholarships that are specific to certain countries or regions. These scholarships are designed to attract talented students from these areas and promote diversity within the university community.
Research Council Funding:For postgraduate research students, there are opportunities to secure funding through research council scholarships. These scholarships are competitive and cover tuition fees and provide a stipend for living expenses.
Sports Scholarships: Queens University Belfast also offers sports scholarships for students who excel in sports. These scholarships provide financial support, training facilities, and other benefits to help athletes balance their sporting commitments with their studies.
It is important to note that scholarship availability, eligibility criteria, and application processes may vary each year.
Graduating with a BSc in Actuarial Science and Risk Management from Queen's University Belfast offers an array of rewarding career paths in fields related to finance, insurance, risk management, and data analytics, catering to the growing demand for professionals skilled in quantitative analysis and risk assessment.
Actuary: Actuaries play a crucial role in insurance companies, financial institutions, or consultancy firms. They analyze financial risks, forecast future events, and design strategies to manage risks in areas such as insurance, pensions, and investment.
Risk Analyst/Manager: Graduates can pursue careers as risk analysts or managers in banks, financial institutions, or corporations. They assess financial risks, develop risk models, and implement strategies to minimize potential losses or exposure to risks.
Insurance Underwriter: Working as insurance underwriters, graduates evaluate risks associated with insurance policies. They analyze data to determine coverage terms and pricing, ensuring profitability while managing risks for the insurance company.
Financial Analyst/Consultant: Graduates can work as financial analysts or consultants, providing insights into financial markets, investment portfolios, or corporate finance. They assess risks and help organizations make informed financial decisions.
Data Analyst/Quantitative Analyst: Proficiency in quantitative analysis prepares graduates for roles as data analysts or quantitative analysts. They work with large datasets, apply statistical models, and derive insights to inform business decisions in various sectors.
Risk Control Specialist: In industries such as banking or investment, graduates can work as risk control specialists. They design and implement risk control measures, ensuring compliance with regulations and minimizing financial risks.
Actuarial Consultant: Graduates may choose to work as actuarial consultants, advising clients on risk assessment, financial planning, and strategic decision-making. They provide expert advice across diverse industries.
Risk Management Advisor: In consultancy or advisory roles, graduates can become risk management advisors, assisting organizations in identifying, evaluating, and managing risks inherent in their operations.
