MSc Civil Engineering and Management
The MSc Civil Engineering and Management program at the University of Nottingham provid...
BSc Industrial Economics with Insurance
University Park
INTAKE: September
Program Overview
The BSc Industrial Economics with Insurance program at the University of Nottingham blends theoretical and practical approaches to studying the economics of industries, with a special emphasis on the insurance sector. Students will learn about the role of insurance in the economy, the workings of insurance markets, and the regulation of the insurance industry. This program equips students with the knowledge of how economic forces shape the insurance sector and the global economy, providing them with a unique skill set for navigating both industrial economics and insurance.
Curriculum: The curriculum is structured to provide students with a strong foundation in industrial economics, alongside modules that focus on the theory and practice of insurance. In the first year, students will study core subjects such as microeconomics, macroeconomics, mathematics for economists, and an introduction to industrial economics. In the second year, students will explore more specialized topics, including the economics of the insurance industry, market structures, competition policies, and risk management strategies. In the final year, students will take advanced modules on insurance economics, financial markets, and actuarial science, which integrate the principles of industrial economics with real-world insurance applications. Additionally, students will complete a dissertation, allowing them to conduct independent research in a topic of their choice within industrial economics or insurance.
Research Focus: The BSc Industrial Economics with Insurance program benefits from the University of Nottingham’s strong research focus in industrial economics and the insurance sector. Faculty members are engaged in cutting-edge research that addresses the economics of insurance markets, including pricing, regulation, and risk assessment. This research is incorporated into the curriculum, ensuring that students are exposed to the latest developments and methodologies in the field. The program also encourages students to apply their theoretical knowledge to contemporary issues in the insurance industry, preparing them for careers where they can influence both economic policy and business strategies.
Industry Engagement: Industry engagement is a central feature of the BSc Industrial Economics with Insurance program. The University of Nottingham has strong connections with major players in the insurance and financial services sectors, offering students opportunities for internships, placements, and networking events. Students benefit from interactions with industry professionals, who provide guest lectures, mentorship, and insights into the latest trends and challenges in the insurance industry. The program prepares students for real-world applications, giving them a competitive edge in the job market. Students also have access to career services that help them connect with potential employers in the insurance and broader financial sectors.
Global Perspective: The BSc Industrial Economics with Insurance program has a global perspective, providing students with an understanding of how the insurance industry operates in different economic contexts. With modules focusing on international insurance markets, financial regulations, and global economic trends, students gain a broad understanding of the global insurance landscape. The University’s diverse faculty and international student body create a dynamic learning environment where students can engage with perspectives from around the world. Additionally, the University offers study abroad opportunities, allowing students to gain firsthand experience in different global markets and understand the international dimension of the insurance industry.
Location
University Park
Score
IELTS 6.5
Tuition Fee
£ 21500
Undergraduate Entry Requirements: To be eligible for undergraduate programs at the University of Nottingham, international students are generally required to meet the following criteria:
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Academic Qualifications: Students should have completed their secondary education with a minimum of 74% or equivalent in their country's grading system. The specific entry requirements may vary depending on the chosen program of study. Some programs may have additional subject-specific requirements.
- English language proficiency is essential, and students are required to provide evidence of their English language skills through an approved language test.
- IELTS: A minimum overall score of 6.5 with no individual component below 6.
- TOEFL: A minimum overall score of 100, with at least 19 in Listening, 19 in Reading, 20 in Speaking, and 20 in Writing.
- PTE Academic: A minimum overall score of 76 with no individual score below 65.
- 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.
Scholarships for International Students at the University of Nottingham:
International Excellence Scholarship: The University of Nottingham offers the International Excellence Scholarship to high-achieving international students. This scholarship is merit-based and provides a tuition fee reduction of up to £6,000 for undergraduate students.
Developing Solutions Scholarships: The Developing Solutions Scholarships are targeted at students from developing countries. These scholarships cover full tuition fees and provide additional support for living expenses. The aim of these scholarships is to empower students from disadvantaged backgrounds and enable them to make a positive impact in their home countries.
Sports Scholarships: The university recognizes the importance of sports and offers Sports Scholarships to exceptional athletes. These scholarships provide financial support to talented sportsmen and sportswomen, helping them balance their sporting commitments with their academic studies.
Nottingham Global Scholarships: The Nottingham Global Scholarships are awarded to outstanding international students across various academic disciplines. These scholarships provide financial assistance in the form of a tuition fee reduction.
Country-Specific Scholarships: The university also offers scholarships specifically tailored to students from certain countries. These scholarships may be based on academic merit, leadership potential, or specific criteria defined by the sponsoring organizations or governments.
It's important to note that scholarship availability, eligibility criteria, and application deadlines may vary from year to year.
Graduates of the BSc Industrial Economics with Insurance program have a range of career opportunities within the insurance industry and related sectors.
Insurance Underwriter: Graduates can pursue careers as insurance underwriters, assessing risks, determining policy terms, and pricing insurance products for individuals or businesses. They work for insurance companies, ensuring profitability and managing risk exposure.
Risk Analyst: Graduates can work as risk analysts, evaluating potential risks and developing risk management strategies for insurance companies. They assess the likelihood and impact of risks, develop risk mitigation plans, and contribute to the company's overall risk management framework.
Insurance Claims Manager: Graduates can specialize in insurance claims management, overseeing the claims process, verifying policy coverage, and assessing claim validity. They work closely with clients, insurance adjusters, and legal professionals to ensure fair and efficient claims resolution.
Insurance Consultant: Graduates can pursue careers as insurance consultants, providing specialized advice and expertise to insurance companies or clients seeking insurance solutions. They may offer consultancy services in areas such as risk assessment, insurance program design, or regulatory compliance.
Actuarial Analyst: With their knowledge of actuarial science, graduates can work as actuarial analysts, applying mathematical and statistical techniques to assess risk, estimate liabilities, and develop financial models for insurance companies. They play a crucial role in pricing insurance products and evaluating financial performance.
Insurance Market Researcher: Graduates can work as market researchers within the insurance industry, analyzing market trends, consumer behavior, and competitive landscape. They provide insights on emerging markets, customer preferences, and industry developments, assisting insurance companies in making strategic decisions.
