Entry year
Start date
September 2018
Duration
3 years
Application deadline
January 2018
Campus
Northampton Square
UCAS Code
G322

Course information and statistics from 2015-16 Destinations of Leavers from HE

Graduation hat
202
students in total
18
average age
81.6%
of graduates in employment or further study six months after completing the course, with a median salary of
£26,500
Globe
13
countries represented

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

If you enjoy mathematics, statistics, probability and economics you will find this course ideal. For the duration of your degree, you’ll delve deeper into these core subjects, as well as stochastic models, finance and financial reporting, business and, naturally, actuarial science itself. You’ll also produce a self-researched final-year project on an area that interests you and reflects your ambitions.

Course Directors

Course director profile

Dr David Smith

Senior Lecturer in Actuarial Science
Course director profile

Dr Jaap Spreeuw

Senior Lecturer in Actuarial Science

Structure

What will I learn?

  • Develop your knowledge and understanding of actuarial science, statistics, mathematics, finance and related disciplines.
  • Develop your ability to communicate your knowledge and understanding effectively.
  • Develop your understanding of the roles of mathematical and statistical calculation, analysis and judgement in actuarial science and financial risk management.
  • Develop your ability to make reasoned judgements, frame appropriate questions and draw independent conclusions.
  • Equip you with the skills required to work professionally as an actuary or in alternative fields related to statistics, finance, risk management and in general management.
  • Prepare you to enter postgraduate study in actuarial science or related disciplines.

Assessment methods

You will be assessed using a variety of methods, depending on module choices including:

  • Coursework
  • Unseen written examinations, taking place at the end of each term (or at the end of a year, if a module is taught over two terms)
  • Class tests
  • Online quizzes and tests, using the Virtual Learning Environment
  • Presentation
  • Group projects, individual projects.

Percentage of the course assessed by coursework

The balance of assessment by examination, practical examination and assessment by coursework will to some extent depend on the optional modules you choose. The approximate percentage of the course assessment, based on 2016/17 entry is as follows:

Year 1

67% written, 4% practical, 29% coursework

Year 2

73% written, 0% practical, 27% coursework

Year 3

67% written, 2% practical, 31% coursework.

Overall workload

Most contact hours take the form of lectures. A number of tutorials, exercise classes and surgery hours are scheduled during the first year, the number decreasing as you progress and you become more able to direct your own learning. Approximate study time based on 2016/17 entry is as follows:

Year 1

32% scheduled learning, 68% independent learning, 0% placement

Year 2

24% scheduled learning, 76% independent learning, 0% placement

Year 3

18% scheduled learning, 82% 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: G322

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

More information about applying to Cass

Entry requirements

  • A-Level: A* (Mathematics) AA
  • BTEC: Level 3 Diploma: DDD plus 'A' level Mathematics or a science at grade A*
  • Extended Project Qualification (EPQ): We welcome applications that include the EPQ. Where relevant, this may be included in our offer, resulting in an ‘A’ Level offer reduced by one grade
  • IB: 36 points overall, 6 Higher Level Mathematics, 5 minimum all other subjects.

In addition we also ask for the following GCSE requirement:

  • A minimum of grade 5 (C) in GCSE English.

If you are studying General Studies, Critical Thinking or a native language 'A' level, these subjects will not be included in any offer condition.

Foundation course for UK/EU students

If you do not meet the qualification criteria for this course, you may still meet the criteria for our Accounting and Finance Foundation course. The Foundation course is a one-year full-time programme that provides an entry route to the BSc Accounting and Finance course.

International students

We accept a wide range of international and other UK qualifications at Cass.

If you do not qualify for direct entry, there are several partners that offer preparatory international foundation courses for students seeking entry to undergraduate degrees. These include:

Foundation courses for International students

INTO City, University of London

Don’t meet the entry requirements? INTO City, University of London offers a range of academic and English language programmes to help prepare you for study at City, University of London. You’ll learn from experienced teachers in a dedicated international study centre.

These programmes are designed for international students who do not meet the required academic and English language requirements for direct entry. To prepare for this degree course, learn more about the International Foundation in Business and Economics with Accounting.

Kaplan International College (KIC) London

Additionally, City works in partnership with KIC London to provide a range of preparatory courses for international students. KIC London courses offer comprehensive support to students - including regular one-to-one tuition. Students who successfully complete the KIC London Foundation course at the required level are guaranteed progression to City, University of London degree courses.

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

PTE Academic: 58 overall with a minimum of 50 in each component

GCSE: English language grade 5.

View further information about the minimum acceptable English language requirements for Tier 4 students.

English language programmes

Don’t meet the English language requirements? INTO City, University of London offers English language programmes to help prepare you for study at university. These intensive and flexible courses are designed to improve your English ability for entry to degree courses.

Study abroad

Cass Business School gives you the opportunity to spend a year studying at one of our partner institutions, which are located around the world including Canada, Australia and Europe.

Sandwich year

You can spend a year of your degree course studying at one of our partner institutions, between your second and third year of study. This would add a year to your degree so you would complete your degree in four years.

All the above listed partner universities are available to this degree, however if you wish to take Actuarial Science modules abroad you will need to apply to University of Waterloo, Canada.

Student Exchange Team

Our dedicated Student Exchange Team are available to offer advice to students who wish to explore their study abroad options. They will also support students throughout the application process and during their study abroad year or term. To contact them, email: cass-ug-outgoing@city.ac.uk.

Placements

A key part of a Cass Business School degree is the opportunity to gain professional work experience. BSc Actuarial Science students are eligible to undertake an optional one-year paid work placement during the third year of a four-year sandwich degree programme.

The experience of working for a leading institution can be invaluable in terms of your future career. It will enable you to acquire skills and competencies sought by graduate employers, and give you an edge over the competition.

BSc Actuarial Science students enjoy a wide range of professional placement opportunities in areas such as corporate insurance and risk management, actuarial pricing and capital management.

Recent placements

  • Association of British Insurers
  • Aviva
  • AXA IM
  • HSBC
  • Legal & General
  • Lloyds Banking Group
  • Prudential

Our reputation, achievements and successful graduates have helped us to develop close relationships with a diverse range of companies, who recognise that Cass students can add significant value to their workforce. Our dedicated Placements team are in regular contact with these and many more companies, and will support students throughout the work experience process.

Although this additional year is not credited and will not count towards your degree classification, it is a recognised part of the degree programme and will be endorsed on your final degree certificate.

Fees

UK/EU £9,250 for the first year of study (2017/2018) * Tuition fees are subject to annual change
International £17,000 for the first year of study (2018/2019) * Tuition fees are subject to annual change

UK/EU students

The tuition fee for UK and EU students is determined by the UK Government and was £9,250 for the first year of study at City in 2017/18. The tuition fee for students commencing their studies in 2018/19 has not yet been confirmed: we will update these pages as soon as we receive confirmation. Fees in each subsequent year of study may be subject to an annual increase limited to the Student Fees Inflation Index as determined by the UK Government's Office for Budget Responsibility. However, this is subject to confirmation. The index is derived from the All Items Retail Prices Index. If fees do increase in each subsequent year of study, we will confirm any change to the annual tuition fee to you in writing prior to you commencing each subsequent year of study. Fees in each subsequent year of study will be subject to an annual increase limited by the All Items Retail Prices Index.

Non-EU international students

The tuition fee for Non-UK/non-EU students was £17,000 for the first year of study in 2018/19. Each subsequent year of study may be subject to annual increase, as detailed above for UK and EU students, but this is also subject to confirmation.

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
  • auditing
  • commercial banking
  • insurance
  • financial analysis
  • management
  • computing and teaching.

Graduates earn an average salary of £26,500 (DLHE 2015-16) after graduation and recent employers have included KPMG, Deloitte 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.

Recent employers

Royal Bank of Scotland
Morgan Stanley
Goldman Sachs
BNP Paribas
82% of graduates in employment or further study six months after completing the course (DLHE survey, 2015-16).

Accreditation

In order to qualify as an actuary, you will be required to pass the professional examinations of the Institute and Faculty of Actuaries. Specific modules in all three years of the BSc Actuarial Science degree give you the opportunity to earn exemptions from eight of the nine core technical stage modules.