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Swansea University

Actuarial Science

UCAS Code: N323

Bachelor of Science (with Honours) - BSc (Hons)

Entry requirements


A level

A,A,A

We recognise the EPQ as an excellent indicator of success. If you are predicted a Grade B or above in the EPQ, you will receive an offer with a one grade reduction, to include your EPQ with a grade B.

International Baccalaureate Diploma Programme

36

To include 6 in HL Maths and 4 in HL English

Pearson BTEC Level 3 National Extended Diploma (first teaching from September 2016)

DDD

DDD and Grade A in Maths

Scottish Higher

A,A,B,B,B

To include A in Maths

UCAS Tariff

144-147

We've calculated how many Ucas points you'll need for this course.

About this course


Course option

3.0years

Full-time | 2020

Subject

Actuarial science

Actuarial Science brings together mathematical, statistical and financial techniques to minimise financial risk in areas such as commerce, insurance, finance and government, and this new degree could lead to highly rewarding careers in fields such as insurance, annuities, and pensions. A newly-qualified actuary can earn over £50,000 (Institute and Faculty of Actuaries guide to salaries).

As a student on our three-year BSc Actuarial Science, you will be taught in our new £32.5m Computational Foundry, a world class centre with state-of-the-art facilities for teaching and research, as well as networking and meeting spaces, to help prepare you for a successful and rewarding career.

The programme will be delivered by the Department of Mathematics in conjunction with the School of Management, both located on the Bay Campus.
The Department is rated 4th in the UK for graduate prospects [Complete University Guide 2019] and 5th in the UK for career prospects (Guardian University Guide 2020).

This course will give you a solid training highly aligned with that required for entrance to the actuarial profession – a career which is financially rewarding, highly sought after and a ‘passport’ to working in the global environment.

It will cover topics such as: calculus, analysis, algebra, applied statistics, accounting for business, economics for accounting and finance, real analysis and metric spaces, vector calculus and measure theory, groups and rings, probability, financial accounting, investments, assets, equities and bonds, complex variables, stochastic processes, financial mathematics, stochastic processes and survival models, and actuarial models and interest rates.

We are seeking accreditation from the Institute and Faculty of Actuaries (IFoA), and we expect that graduates with good degrees will gain exemptions from a fair portion of the IFoA professional examinations, most likely across CS1&2, CM1&2.

Student satisfaction is consistently high, we ranked 18th in the UK for student satisfaction (Guardian University Guide 2020).

Furthermore, this new Honours programme compliments our successful programmes in the area of Financial Mathematics: B.Sc. Mathematics for Finance, and M.Sc. Mathematics & Computing for Finance.

**We guarantee that you will be made a conditional offer for a course at Swansea University. Subject requirements will apply. Please come along to our next Open Day or get in touch for further information.**

Assessment methods

You will be taught through a combination of lectures, tutor-led tutorials and regular (non-assessed) coursework. The final year modules are more student-centred, to reflect a progression in teaching methods appropriate to the subjects taught. Throughout, the learner is encouraged to undertake independent reading both to supplement and consolidate what is being taught/learnt and to broaden knowledge and understanding of the subject.

You will be assessed through a combination of unseen written examinations, set assignments, presentations and a dissertation.

The Uni


Course location:

Bay Campus

Department:

College of Science

TEF rating:

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What students say


We've crunched the numbers to see if overall student satisfaction here is high, medium or low compared to students studying this subject(s) at other universities.

85%
high
Actuarial science

How do students rate their degree experience?

The stats below relate to the general subject area/s at this university, not this specific course. We show this where there isn’t enough data about the course, or where this is the most detailed info available to us.

Finance

Teaching and learning

88%
Staff make the subject interesting
95%
Staff are good at explaining things
85%
Ideas and concepts are explored in-depth
82%
Opportunities to apply what I've learned

Assessment and feedback

Feedback on work has been timely
Feedback on work has been helpful
Staff are contactable when needed
Good advice available when making study choices

Resources and organisation

89%
Library resources
85%
IT resources
89%
Course specific equipment and facilities
87%
Course is well organised and has run smoothly

Student voice

Staff value students' opinions

Who studies this subject and how do they get on?

42%
UK students
58%
International students
59%
Male students
41%
Female students
74%
2:1 or above
6%
Drop out rate

Most popular A-Levels studied (and grade achieved)

B
B
B

After graduation


The stats in this section relate to the general subject area/s at this university – not this specific course. We show this where there isn't enough data about the course, or where this is the most detailed info available to us.

Finance

What are graduates doing after six months?

This is what graduates told us they were doing (and earning), shortly after completing their course. We've crunched the numbers to show you if these immediate prospects are high, medium or low, compared to those studying this subject/s at other universities.

£20,000
med
Average annual salary
98%
high
Employed or in further education
68%
med
Employed in a role where degree was essential or beneficial

Top job areas of graduates

30%
Business, research and administrative professionals
25%
Sales, marketing and related associate professionals
16%
Business, finance and related associate professionals
What do graduate employment figures really tell you?

Over 2,000 students graduated with a degree in finance in 2015, and a sign of the strength of the finance industry, numbers are on the up. Over half of finance graduates go into the finance industry, with accountancy and financial advice roles particularly popular. It's also quite common for finance graduates to go into jobs which require you to take more training and gain professional qualifications — finance graduates who take further study are more likely to be studying accountancy than finance. About a third of graduates start their careers in London - but Glasgow, Manchester and Birmingham are other popular locations for finance graduates to work.

What about your long term prospects?

Looking further ahead, below is a rough guide for what graduates went on to earn.

Actuarial science

The graph shows median earnings of graduates who achieved a degree in this subject area one, three and five years after graduating from here.

£18k

£18k

£23k

£23k

£29k

£29k

Note: this data only looks at employees (and not those who are self-employed or also studying) and covers a broad sample of graduates and the various paths they've taken, which might not always be a direct result of their degree.

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This is what the university has told Ucas about the criteria they expect applicants to satisfy; some may be compulsory, others may be preferable.

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This is the percentage of applicants to this course who received an offer last year, through Ucas.

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This is what the university has told Ucas about the course. Use it to get a quick idea about what makes it unique compared to similar courses, elsewhere.

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Course location and department:

This is what the university has told Ucas about the course. Use it to get a quick idea about what makes it unique compared to similar courses, elsewhere.

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Teaching Excellence Framework (TEF):

We've received this information from the Department for Education, via Ucas. This is how the university as a whole has been rated for its quality of teaching: gold silver or bronze. Note, not all universities have taken part in the TEF.

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This information comes from the National Student Survey, an annual student survey of final-year students. You can use this to see how satisfied students studying this subject area at this university, are (not the individual course).

We calculate a mean rating of all responses to indicate whether this is high, medium or low compared to the same subject area at other universities.

Have a question about this info? Learn more here

This information is from the Higher Education Statistics Agency (HESA).

You can use this to get an idea of who you might share a lecture with and how they progressed in this subject, here. It's also worth comparing typical A-level subjects and grades students achieved with the current course entry requirements; similarities or differences here could indicate how flexible (or not) a university might be.

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Post-six month graduation stats:

This is from the Destinations of Leavers from Higher Education Survey, based on responses from graduates who studied the same subject area here.

It offers a snapshot of what grads went on to do six months later, what they were earning on average, and whether they felt their degree helped them obtain a 'graduate role'. We calculate a mean rating to indicate if this is high, medium or low compared to other universities.

Have a question about this info? Learn more here

Graduate field commentary:

The Higher Education Careers Services Unit have provided some further context for all graduates in this subject area, including details that numbers alone might not show

Have a question about this info? Learn more here

The Longitudinal Educational Outcomes dataset combines HRMC earnings data with student records from the Higher Education Statistics Agency.

While there are lots of factors at play when it comes to your future earnings, use this as a rough timeline of what graduates in this subject area were earning on average one, three and five years later. Can you see a steady increase in salary, or did grads need some experience under their belt before seeing a nice bump up in their pay packet?

Have a question about this info? Learn more here