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University of Southampton

Economics and Actuarial Science

UCAS Code: L1N3

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

Entry requirements


A level

A,A,B-A,A,A

Typical offer: AAA or AABB including Mathematics (minimum grade A) or AAB or ABBB including Mathematics (minimum grade A) and Further Mathematics (minimum grade B) If you are taking an EPQ in addition to 3 A levels, you will receive the following offer in addition to the standard A-level offer: AAB to include grade A in the EPQ, and including Mathematics (minimum grade A) or ABB including Mathematics (minimum grade A) and Further Mathematics (minimum grade B) to include grade A in the EPQ Contextual offer: AAB including Mathematics (minimum grade A) or ABB including Mathematics (minimum grade A) and Further Mathematics (minimum grade B) We are committed to ensuring that all students with the potential to succeed, regardless of their background, are encouraged to apply to study with us. The additional information gained through contextual data allows us to recognise a student’s potential to succeed in the context of their background and experience. Offers typically exclude General Studies and Critical Thinking. Although an Economics A level is not required, preference will be given to applicants taking at least one analytical A level subject ; that is, either Economics or a science-based subject. The University of Southampton values the Extended Project Qualification. Applicants taking the EPQ in addition to three A levels, will also be made an alternative offer one grade below the standard offer, conditional on an A grade in the EPQ. For more information on the University of Southampton’s EPQ Admissions Policy, please see our EPQ Admissions Policy webpage

The University of Southampton recognises the educational value of taking AS Levels alongside three A-levels and the breadth of studying additional subjects, however all of our programmes express their entry criteria in terms of three subjects offered at A Level with selection decisions being informed, in part, by actual or predicted grades in those subjects (excluding General Studies, Use of Mathematics, and Critical Thinking).

Access to HE Diploma

D:45,M:0,P:0

Typical offer: 60 credits with a minimum of 45 credits at Level 3, all of which must be at Distinction Mathematics must be studied to level 3, A-level standard

Cambridge International Pre-U Certificate - Principal

D3,D3,D3

Typical offer:D3, D3, D3 to include Mathematics at grade D3. Cambridge Pre-U's can be used in combination with other qualifications such as A Levels to achieve the equivalent of the typical offer

Extended Project

A

The University of Southampton values the Extended Project Qualification. Applicants taking the EPQ in addition to three A levels, will also be made an alternative offer one grade below the standard offer, conditional on an A grade in the EPQ. For more information on the University of Southampton’s EPQ Admissions Policy, please see our EPQ Admissions Policy webpage.

GCSE/National 4/National 5

Applicants must hold GCSE English language (or GCSE English) (minimum grade 4/C) and mathematics (minimum grade 4/C

International Baccalaureate Diploma Programme

36

Typical offer: Pass, with 36 points overall with 18 points at Higher Level, including 6 at Higher Level in Mathematics International Baccalaureate Career-related Programme (IBCP): Offers will be made on the individual Diploma Course subject(s) and the career-related study qualification. The CP core will not form part of the offer. Where there is a subject pre-requisite(s), applicants will be required to study the subject(s) at Higher Level in the Diploma course subject and/or take a specified unit in the career-related study qualification. Applicants may also be asked to achieve a specific grade in those elements. Please see the University of Southampton International Baccalaureate Career-Related Programme (IBCP) Statement for further information. Applicants are advised to contact their Faculty Admissions Office for more information.

Leaving Certificate - Higher Level (Ireland) (first awarded in 2017)

H1,H1,H2,H2,H2,H2

Typical offer: H1 H1 H2 H2 H2 H2 including Mathematics at H2

Pearson BTEC Diploma (QCF)

DD

DD in the BTEC Diploma plus A in A-level Mathematics

Pearson BTEC Extended Diploma (QCF)

DDD

DDD in the BTEC Extended Diploma plus A in A-level Mathematics

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

DD

DD in the BTEC National Diploma plus A in A-level Mathematics

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

D

D in the BTEC National Extended Certificate plus AA from two A levels including Mathematics (minimum grade A)

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

DDD

DDD in the BTEC National Extended Diploma plus B in A-level Mathematics

Pearson BTEC Subsidiary Diploma (QCF)

D

D in the BTEC Subsidiary Diploma plus AA from two A levels including Mathematics (minimum grade A)

Offers will be based on exams being taken at the end of S6. Subjects taken and qualifications achieved in S5 will be reviewed. Careful consideration will be given to an individual’s academic achievement, taking in to account the context and circumstances of their pre-university education. Please see the University of Southampton’s Curriculum for Excellence Scotland Statement for further information. Applicants are advised to contact their Faculty Admissions Office for more information.

Welsh Baccalaureate - Advanced Skills Challenge Certificate (first teaching September 2015)

A

Typical offer: AA from two A levels including Mathematics (minimum grade A) and A from the Advanced Welsh Baccalaureate Skills Challenge Certificate General Studies and Critical Thinking are excluded for entry.

UCAS Tariff

136-144

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

94%
Applicants receiving offers

About this course


Course option

3.0years

Full-time | 2020

Subjects

Actuarial science

Economics

Unique in the UK, this programme combines study of economics, social sciences, and actuarial science. Graduates can enter a wide variety of careers, ranging from economists working in the banking sector to actuaries working in the insurance, pensions, and investment sectors. All of our actuarial science programmes provide students with a professionally-recognised education.

By doing sufficiently well in corresponding modules, you could kick-start your graduate career with exemption from Subjects CT1-CT8 of the Core Technical professional exams of the Institute and Faculty of Actuaries, which are internationally recognised. On graduation you’ll be well equipped to begin your actuarial career with advanced professional standing, or to follow many other careers that require high-level quantitative skills, including within the wider financial services industry.

Modules

Years one and two cover three core themes – economics, statistics and demography – and form the basis of the actuarial modules, which constitute a major part of year two and three. Module choices in year one are dependent on whether you have studied economics at A level. Eight modules are studied each year, with four in each semester.

During year three you will study a dissertation, equivalent to two modules, which is a piece of independent research on a topic of your choice spread over both semesters. In each year of study you can also choose modules from other subject areas, including languages, or from a range of interdisciplinary modules.

Please see course page online for list of core and optional modules .

Assessment methods

Methods of assessment include; written examinations, mid-term tests, essays, exercises and problem sets, team projects, final year interim report and dissertation, library skills exercise.

Tuition fees

Select where you currently live to see what you'll pay:

Channel Islands
£9,250
per year
England
£9,250
per year
EU
£9,250
per year
International
£17,560
per year
Northern Ireland
£9,250
per year
Scotland
£9,250
per year
Wales
£9,250
per year

The Uni


Course location:

Main Site - Highfield Campus

Department:

Economics

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.

79%
med
Actuarial science
76%
med
Economics

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

77%
Staff make the subject interesting
87%
Staff are good at explaining things
76%
Ideas and concepts are explored in-depth
70%
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

75%
Library resources
79%
IT resources
87%
Course specific equipment and facilities
89%
Course is well organised and has run smoothly

Student voice

Staff value students' opinions

Who studies this subject and how do they get on?

19%
UK students
81%
International students
44%
Male students
56%
Female students
79%
2:1 or above
2%
Drop out rate

Most popular A-Levels studied (and grade achieved)

A
B
B

Economics

Teaching and learning

62%
Staff make the subject interesting
82%
Staff are good at explaining things
75%
Ideas and concepts are explored in-depth
66%
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

83%
Library resources
79%
IT resources
88%
Course specific equipment and facilities
83%
Course is well organised and has run smoothly

Student voice

Staff value students' opinions

Who studies this subject and how do they get on?

76%
UK students
24%
International students
70%
Male students
30%
Female students
84%
2:1 or above
1%
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.

£24,000
high
Average annual salary
96%
med
Employed or in further education
30%
low
Employed in a role where degree was essential or beneficial

Top job areas of graduates

46%
Business, research and administrative professionals
26%
Business, finance and related associate professionals
4%
Information technology and telecommunications 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.

Economics

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.

£25,000
med
Average annual salary
97%
med
Employed or in further education
90%
med
Employed in a role where degree was essential or beneficial

Top job areas of graduates

27%
Business, research and administrative professionals
23%
Business, finance and related associate professionals
8%
Sales, marketing and related associate professionals
What do graduate employment figures really tell you?

This is a degree in demand, as business increasingly needs workers who can examine and explain complex data. And yet the number of economics graduates fell by nearly 10% last year, which means demand is even greater. As so many economic grads go into banking and finance, it's not surprising that over half of all 2015's economics graduates who did go into work were working in London. And don't think it's just the finance industry that's interested in these graduates - there's a significant number who enter the IT industry to work with data as analysts and consultants. It's quite common for economics graduates to go into jobs such as accountancy and management consultancy which may require you to take more training and gain professional qualifications - so don’t assume you won’t have to take any more exams once you leave uni. And the incentive to take them, of course, is better pay, which will be on top of an already healthy average starting salary of over £30,000 for graduates working in the capital.

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.

£24k

£24k

£30k

£30k

£42k

£42k

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.

Economics

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

£26k

£26k

£32k

£32k

£47k

£47k

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.

Have a question about this info? Learn more here

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.

Have a question about this info? Learn more here

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