Entry year
Start date
September 2019
Duration
3 years
Duration with placement
4 years
Application deadline
January 2019
Campus
Northampton Square
UCAS Code
G322 / G321 with professional placement

Course information and statistics from 2016-17 Destinations of Leavers from HE

Graduation hat
202
students in total
Man
18
average age
90.0%
of graduates in employment or further study six months after completing the course, with a median salary of
£30,000
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 the Actuarial Science undergraduate 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.

You are more than your degree

Yuan Ma is a student on the BSc Actuarial Science degree as well as a talented musician. In this video, Yuan tells us how playing the piano can be applied to the way she studies on her course.

Yuan working on the computer

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 2017/18 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 2017/18 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.

Term dates

Academic year

For a full breakdown of the current and forthcoming academic year view our term dates page.

Timetables

Course timetables are normally available from July and can be accessed from our timetabling pages. These pages also provide timetables for the current academic year, though this information should be viewed as indicative and details may vary from year to year.

View academic timetables

Please note that all academic timetables are subject to change.

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 / G312 with professional placement

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

Apply now

Find out more information about applying to Cass.

Terms and conditions

Students applying to study at Cass Business School are subject to City, University of London's terms and conditions.

Entry requirements

A-Level: A* (Maths) AA

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

For A-Level applicants we also require a minimum of grade 5 (C) in GCSE English.

BTEC/OCR Cambridge Technical Level 3 Extended Diploma: DDD plus A-Level Maths A*

For BTEC/OCR Cambridge Technical applicants we also require a minimum of grade 5 (C) in GCSE English.

For candidates taking a combination of A Level/BTEC/OCR Cambridge Technical qualifications we accept the following:

BTEC/OCR Cambridge Technical Level 3 National Diploma (grades DD) with A-Level Maths A*
BTEC/OCR Cambridge Technical Level 3 Subsidiary Diploma/National Extended Certificate (grade D) with two A-levels (including A-Level Maths A* and a second A-Level grade A)

For combination BTEC/OCR/A-Level applicants we also require a minimum of grade 5 (C) in GCSE English.

IB: 35 points overall (can include up to three bonus points) with 6 in Higher Level Maths and 5 minimum in all other subjects.

Access to Higher Education: Pass the course with 45 level 3 credits including minimum 30 distinction credits and the remaining 15 credits at merit or above, plus A-Level Maths A*.

For Access applicants we also require a minimum of grade 5 (C) in GCSE English.

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 Actuarial Science Foundation course. The Foundation course is a one-year full-time programme that provides an entry route to the BSc Actuarial Science 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 Actuarial Science.

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

Information for international applicants

For international applicants requiring a Tier 4 student visa we accept any of the below English language proficiency qualifications at the grades listed:

  • IELTS (Academic or UKVI): 6.5 overall with no less than 6.0 in any sub test
  • Pearson Test of English (PTE) Academic: 58 overall with minimum 50 in each component
  • IGCSE: English as a First Language (Syllabus 0500 & 0522) or English as Second Language (Syllabus 0510 & 0511) at Grade B or above
  • International Baccalaureate: Grade 5 at Higher or Standard level
  • Trinity College (Integrated Skills): ISE III – pass in each area
  • INTO City Pre-sessional English: 6.5 overall with no less than 6.0 in any sub test (NB. Must be the 6 or 8 week Cass-specific course)
  • Cambridge English Advanced (also known as Certificate in Advanced English): Grade C (180-192) at CEFR Level C1
  • Cambridge English Proficiency (also known as Certificate of Proficiency in English): Grade C (200-212) at CEFR Level C2
  • Cambridge English First (also known as Certificate of First in English): Grade A (180-190) at CEFR Level C1
  • Hong Kong Diploma of Secondary Education (HKDSE): English Language Examination grade 4 or above

An exception to the above criteria applies to Tier 4 applicants from the below majority English-speaking countries for whom we can accept a wider range of English qualifications:

  • Antigua and Barbuda
  • Australia
  • The Bahamas
  • Barbados
  • Belize
  • Canada
  • Dominica
  • Grenada
  • Guyana
  • Ireland
  • Jamaica
  • New Zealand
  • St Kitts and Nevis
  • St Lucia
  • St Vincent and the Grenadines
  • Trinidad and Tobago
  • United Kingdom
  • United States of America

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.

Information for home and EU applicants

In addition to the above English language proficiency qualifications accepted for International applicants, as a Home or EU applicant we can also accept any of the below English qualifications:

  • GCSE: Grade C or 5
  • O-Level: Grade C
  • TOEFL: 100 overall with no less than 23 in any sub test
  • A-Level: Grade C

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.

Micro-Placements

The Micro-Placements Programme provides an opportunity for students to take on exciting projects and gain real life experience to enhance their core employability skills and explore different career options.

Micro-Placements are between 2-5 weeks long and take place during the summer, between June and August . You can also choose to do a full-time or part-time Micro-Placement which works according to your schedule. This is an ideal time to gain work-experience as it will not interfere with your studies and is not a lengthy commitment.

Fees

UK/EU £9,250 * Tuition fees are subject to annual change
International £18,000 ** Tuition fees are subject to annual change

UK/EU students

* The fee for this course will be £9,250 for each year of study for the duration of your studies.

Non-EU international students

** The fee for your first year of study will be £18,000. The institution reserves the right to increase your tuition fees annually to take account of the institution's increased costs of delivering educational services. The increase will normally be 2% but this is kept under review with reference to the RPI. If the institution intends to increase your tuition fees you will be advised of this alongside the published entry fee.

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 from the Actuarial Science degree 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
90% 90% of graduates in employment or further study six months after completing the course (DLHE survey, 2016-17).

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.