Duration and mode of study
Two years by distance learning for the Postgraduate Diploma. Three years by distance learning for the MSc.
May and October each year.
At least a 2:1 degree classification in a relevant science based degree. We expect a prerequisite knowledge of probability and calculus to an undergraduate level; this means students will typically be Mathematics, Statistics or Physics graduates. We will consider graduates from other disciplines on an individual basis and applicants may be subjected to mathematics assessment at the application stage.
Also, if your first language is not English you will need to satisfy the University's English language requirements.
These are the total course fees for all students, with the exception of those living in some Caribbean countries who may be charged in US Dollars. For further information, please contact the Actuarial Science Team.
- Fees 2014/5 (May 2016 intake): £10,800 PG Diploma, £13,500 MSc
- Fees 2015/16 (Oct 2015 intake): £10,800 PG Diploma, £13,500 MSc
You will have the option to pay:
- Your full tuition fee course on initial registration or
- Half of your course fee on initial registration (the final half of your course fee will be due on the anniversary of your initial registration) or
- Over six instalments over your registration period
- The University accepts a range of payment methods.
Our Actuarial Science programme is the only distance learning course accredited by the Faculty and Institute of Actuaries.
Actuaries are problem-solvers; business analysts; consultants and risk assessors, all rolled into one. Upon completion of the course your skills could be applied to the worlds of insurance; pensions; healthcare; banking; business management and risk assessment. You will be equipped with mathematical and statistical knowledge and problem-solving skills to help businesses and institutions evaluate the long-term financial implications of the decisions they make. By concentrating on both technical expertise and transferable skills (such as communication and problem solving) the programme prepares graduates for direct entry into the profession and a successful career.
Our courses offer a fast track route to qualifying as an actuary by providing exemptions from the Faculty and Institute of Actuaries CT1-8 examinations. Obtaining a good overall mark across your taught modules on these programmes can lead to exemptions from these examinations.
The compulsory modules below include the corresponding CT examination syllabus (example based on an October start):
- Financial Mathematics (CT1)
- Finance and Financial Reporting (CT2)
- Statistics (CT3)
- Models and Mortality (CT4)
- Contingencies (CT5)
- Statistical Methods (CT6)
- Economics (CT7)
- Financial Economics (CT8)
Year 3 (Optional for MSc)
- MSc Dissertation (no CT exemptions)
- Teaching and assessment methods
The distance learning option will be taught electronically via the University’s virtual online learning environment Blackboard, in a supported manner. The use of Blackboard will enable you to benefit from a structured breakdown of the modular syllabus through a series of topics. This is supported by electronic discussion forums, tutor moderation and fortnightly problem sheets submitted for feedback. Formative problem sheets are compulsory for students to engage with the course and online surgeries will be run by the module tutors to enable further discussion of problems. Final assessment for the CT1-8 subjects will be via a three hour unseen examination at the end of each module. However, progress throughout the course is reviewed via the completion of the regular problem sheets covering the core syllabus.
This school offers programs in:
Last updated May 10, 2016