Entry year
Start date
September 2018
Duration
1 year
Application deadline
January 2018
Campus
Northampton Square
UCAS Code
G320

Overview

Who is it for?

You excel in and enjoy mathematics, especially modelling and probability. You love asking “What if?”.

The skills you gain on this course will kickstart your actuarial career. You can also enter careers in risk management, investment management or financial analysis.

Objectives

The Foundation Year in Actuarial Science aims to provide students with a knowledge of Mathematics, Probability and Statistics, Accounting and Finance, Economics, IT and Computing sufficient to enable them to undertake an undergraduate degree in the area of Actuarial Science. These modules have been carefully designed to include material that they will come across should they successfully proceed onto the BSc Actuarial Science undergraduate degree programme.

In addition to providing students with the essential mathematical and scientific background necessary to progress onto the undergraduate Actuarial Science degree programme, there is an integrated study and communication skills component. This, together with considerable tutorial support, aims to encourage the development of the students' awareness of the learning process, and to foster their intellectual development, so that they achieve a sense of their competence as learners.

Structure

What will I learn?

The Foundation course has been designed to familiarise you with material that you will study in more depth in later years of the degree programme.

The teaching style on the foundation course is different to that which you will encounter on the rest of the degree. The foundation course will have lower numbers of students than on the main degree programme and there is more continual assessment. This will help you to make the adjustment from the teaching style at most schools and colleges to the university style, which usually requires more self-study.

Unlike the other years of your degree, there is no exam period due to the use of continual assessment which takes the form of in-class tests and take home courseworks, which can be both individual and group based.

Assessment methods

Some assessment is by coursework which you take home and complete with the aid of your notes. For year 0, there will be continual assessment using class tests but no large formal exams.

Percentage of the course assessed by coursework

The approximate percentage of the course assessment, based on 2016/17 entry is as follows:

Year 0

0% written, 17% practical, 83% coursework.

Overall workload

Most contact hours take the form of lectures. A number of tutorials, exercise classes and surgery hours are scheduled during the year. Approximate study time based on 2016/17 entry is as follows:

Year 0

28% scheduled learning, 72% independent learning, 0% placement.

Application

How to apply

All applications should be made through UCAS, the Universities and Colleges Admissions Service. Applications are made via Apply, UCAS's online application system.

UCAS Institution code: C60 (Cass Business School and City, University of London)
UCAS Course code: G320

You can find more information at UCAS and in the UCAS Handbook.

More information about applying to Cass

Entry requirements

A-Level: BBB (including Mathematics)

English language requirements

English language requirements

If your first language is not English, we will require evidence of English language proficiency. Minimum requirements are:

IELTS: 6.5 with a minimum of 6 in any unit

GCSE: English language grade 5.

Please note that due to changes in the UKVI 's list of SELT s we are no longer able to accept TOEFL as evidence of English language for students who require a CAS as of April 2015.

Study abroad

Placements

This is an option on the BSc Actuarial Science course, to which you can progress upon completion of the Foundation year.

Fees

UK/EU £6,000 (2017/2018 fee, 2018/19 fee TBC) Tuition fees are subject to annual change
International £9,000 (2017/2018 fee, 2018/19 fee TBC) Tuition fees are subject to annual change

UK/EU students

The tuition fee for UK and EU students was £6,000 in 2017/18. Fees for 2018/19 are to be confirmed.

Fees in each subsequent year of study will be subject to an annual increase limited to the Student Fees Inflation Index as determined by the UK Government’s Office for Budget Responsibility. This index is derived from the All Items Retail Prices Index. We will confirm any change to the annual tuition fee to you in writing prior to you commencing each subsequent year of study.

Non-EU international students

The tuition fee for Non-EU students was £9,000 in 2017/18. Fees for 2018/19 are to be confirmed.

Fees in each subsequent year of study may be subject to annual increase, as detailed above for UK and EU students.

Funding

Career pathways

The majority of our graduates become actuarial trainees and study for the Institute and Faculty of Actuaries' examinations. Others embark on careers in:

  • Investment banking and investment management
  • accountancy
  • commercial banking
  • insurance
  • financial analysis
  • management
  • computing and teaching.

Recent employers have included EY, Travellers Insurance and Towers Watson. Some students progress to postgraduate study, often on Cass Business School's MSc Actuarial Management.

See what our BSc (Hons) Actuarial Science graduates are doing six months after completion of the course.