MSc Business Analysis and Finance
The MSc Business Analysis and Finance program at the University of Leicester is designe...
BSc Mathematics & Actuarial Science
Leicester
INTAKE: September
Program Overview
The University of Leicester in the UK offers a BSc in Mathematics & Actuarial Science, a specialized program that combines mathematical theory with practical applications in the field of actuarial science. This program is designed to provide students with a strong foundation in mathematics, statistics, and finance, preparing them for careers as actuaries in insurance, pensions, finance, and risk management sectors. Through a blend of theoretical coursework, practical projects, and industry-relevant training, students develop the analytical, problem-solving, and communication skills needed to excel in the actuarial profession.
Curriculum: The BSc Mathematics & Actuarial Science curriculum at the University of Leicester covers a wide range of mathematical and statistical topics, with a focus on actuarial applications. Students study core modules in calculus, linear algebra, probability theory, and financial mathematics, alongside specialized courses in actuarial science, risk management, and insurance principles. The curriculum also includes opportunities for students to gain practical experience through case studies, internships, and professional accreditation exams such as those offered by the Institute and Faculty of Actuaries (IFoA).
Research Focus: Research plays a significant role in the BSc Mathematics & Actuarial Science program at the University of Leicester. Faculty members are actively engaged in research projects related to actuarial science, risk assessment, and financial modeling. Students have the opportunity to participate in research through independent study projects, undergraduate research internships, and collaborations with faculty members. Research experiences enable students to deepen their understanding of actuarial concepts, apply mathematical techniques to real-world problems, and develop critical thinking skills essential for success in the field.
Industry Engagement: The program emphasizes industry engagement, providing students with opportunities to gain practical experience and industry-relevant skills. Through partnerships with actuarial firms, insurance companies, and financial institutions, students have access to internships, work placements, and networking events that expose them to real-world actuarial practice. Industry professionals often contribute to the curriculum through guest lectures, case studies, and mentoring programs, ensuring that students are well-prepared for the demands of the actuarial profession.
Global Perspective: With a focus on international financial markets and global risk management, the BSc Mathematics & Actuarial Science program offers students a global perspective on actuarial practice. Students learn to analyze and assess risks in diverse economic and social contexts, preparing them for careers in multinational corporations, international consulting firms, and global financial institutions. The program also encourages students to engage with global issues such as climate change, demographic trends, and regulatory frameworks, fostering a broader understanding of the role of actuaries in addressing global challenges.
Location
Leicester
Score
IELTS 6
Tuition Fee
£ 24500
Undergraduate Entry Requirements
Academic Qualifications: Applicants should have successfully completed their secondary education with a minimum overall score of 75% 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 80, with at least 17 in Listening, Reading, Speaking, Writing.
- PTE Academic: A minimum overall score of 54 with no individual score below 54.
- 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 Leicester offers a range of scholarships to support students in their academic journey. These scholarships are designed to recognize academic excellence, encourage diversity, and provide financial assistance to deserving students.
Chancellor's Scholarships: These prestigious scholarships are awarded to outstanding students who demonstrate exceptional academic achievements and potential. The scholarships cover full tuition fees and a generous stipend for living expenses.
Leicester Castle Business School Scholarships: Leicester Castle Business School offers a variety of scholarships to support students pursuing business-related programs. These scholarships are available to both domestic and international students and provide financial assistance in the form of partial tuition fee waivers.
Sports Scholarships: The University of Leicester encourages and supports students who excel in sports. The Sports Scholarships program provides financial assistance, access to sports facilities, coaching, and additional support to talented athletes, helping them balance their sporting and academic commitments.
International Scholarships: The university offers a range of scholarships specifically designed for international students. These scholarships aim to attract and support talented students from around the world. Examples include the International Excellence Scholarships and the Commonwealth Shared Scholarships.
Subject-specific Scholarships: Some departments and faculties at the University of Leicester offer scholarships tailored to specific subject areas. These scholarships recognize academic excellence and may provide financial assistance or other benefits to students studying in those fields.
Access Scholarships: The university is widening access to higher education and offers scholarships to students from underrepresented backgrounds. These scholarships aim to support students who may face financial or other barriers to pursuing a university education.
The University of Leicester offers a range of scholarships to support students in their academic pursuits. These scholarships acknowledge academic excellence, provide financial assistance, and promote diversity and inclusion within the student community.
Graduating with a BSc in Mathematics & Actuarial Science from the University of Leicester opens up a plethora of lucrative career opportunities in the financial, insurance, and risk management sectors. This specialized program equips graduates with a unique blend of mathematical expertise and actuarial skills, making them highly sought after in various industries.
Actuarial Analyst: One of the most common career paths for graduates is becoming an actuarial analyst. Actuaries work in insurance companies, pension funds, and financial institutions, assessing and managing financial risks. They use mathematical models to analyze data, calculate insurance premiums, and estimate future liabilities. Graduates with a BSc in Mathematics & Actuarial Science are well-prepared to pass actuarial exams and pursue careers as entry-level actuaries.
Risk Manager: Mathematics & Actuarial Science graduates can work as risk managers in banking, investment, or corporate sectors. They assess and mitigate financial risks such as credit risk, market risk, and operational risk. Risk managers analyze financial data, develop risk management strategies, and implement measures to protect organizations from adverse events. Graduates with strong analytical and quantitative skills are highly valued in risk management roles.
Insurance Underwriter: Insurance underwriters evaluate insurance applications, determine coverage levels, and calculate premiums based on risk assessments. Mathematics & Actuarial Science graduates are well-suited for insurance underwriting roles, as they possess a deep understanding of risk analysis and probability theory. They use mathematical models to assess risks associated with insurance policies and make informed decisions about coverage and pricing.
Investment Analyst: Graduates can pursue careers as investment analysts in asset management firms, hedge funds, or financial advisory companies. They analyze financial markets, evaluate investment opportunities, and make recommendations to clients or portfolio managers. Mathematics & Actuarial Science graduates use mathematical models, statistical analysis, and financial theories to assess the performance of investment products and optimize investment strategies.
Financial Consultant: Mathematics & Actuarial Science graduates can work as financial consultants or advisors, helping individuals or businesses make informed financial decisions. They provide advice on investments, retirement planning, insurance coverage, and risk management strategies. Graduates with strong analytical skills and knowledge of financial products are well-positioned to offer valuable guidance to clients seeking to achieve their financial goals.
Data Analyst: With their quantitative skills and statistical expertise, Mathematics & Actuarial Science graduates are well-suited for careers in data analysis. They analyze large datasets, extract meaningful insights, and develop predictive models to inform business decisions. Data analysts work in various industries such as finance, healthcare, marketing, and technology, using mathematical techniques to uncover patterns and trends in data.
Actuarial Consultant: Graduates can work as actuarial consultants for consulting firms or actuarial advisory companies. They provide actuarial services to clients in areas such as insurance, pensions, healthcare, and financial planning. Actuarial consultants help clients assess risks, develop pricing models, and comply with regulatory requirements. They also offer advice on strategic decision-making and business planning based on actuarial analysis.
Quantitative Analyst (Quant): Quantitative analysts, or quants, use mathematical models and statistical techniques to analyze financial markets and develop trading strategies. Mathematics & Actuarial Science graduates with strong quantitative skills and knowledge of financial mathematics are well-suited for quant roles in investment banks, hedge funds, and trading firms. They apply mathematical concepts to assess market risks, price financial derivatives, and optimize trading algorithms.
