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Actuarial Science, BSc (Hons), with industry placement

City, University of London, United Kingdom

 
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Subject ranking

Finance
UK / ARWU 2024
5th
Accounting and Finance
UK / Times 2025
5th
Accounting and Finance
UK / CUG 2024
13th

Costs

Course feesS$46.7K / year
Entertainment, books
food & rent
S$25.1K / year
Beer S$10
MacDonalds S$13
Cinema S$21
Coffee S$6
TotalS$71.7K / year

Entry requirements

A Level AAA
Diploma 3.6
International Baccalaureate 35

Scholarships

British Chevening Scholarships
100% for tuition and living expenses
Limited quantity

Information

Course
Code
G321
Upcoming
Intakes
Sep 2025
Course
Website (External)
Pathway
Programmes
See pathways
University
Information

Duration

4 years
Graduate
2029
About the course

The BSc (Hons) Actuarial Science degree at Bayes Business School, part of City, University of London and ranked among the top six UK business schools, provides a robust foundation in actuarial science, mathematics, statistics, and finance. As England's longest-established program in this field, it equips students with essential skills in risk management, decision-making, and quantitative analysis, preparing them for careers in insurance, investment, or financial analysis. The curriculum covers core modules in probability, statistics, economics, and stochastic models, alongside electives in business and finance, and offers exemptions from several Institute and Faculty of Actuaries examinations.Students benefit from teaching by qualified actuaries with industry experience, emphasizing ethical considerations and practical application. The four-year program includes options for a paid work placement or study abroad in the third year, enhancing professional networks and global perspectives. With a focus on comprehensive credits and real-world projects, graduates emerge ready for actuarial roles or related fields.

What you will learn

Year one In the first year, students study eight core modules that provide the foundations for later study, including a mathematics module and introductory courses in financial mathematics, economics, probability and statistics and IT. These modules assume no prior knowledge of the respective subjects beyond those guaranteed by meeting the entry requirements.There are no electives in the first year. Core modules:

  • Mathematics for Actuarial Science
  • Probability and Statistics 1
  • Finance and Investment Mathematics
  • Introduction to Economics
  • Introduction to Actuarial Methods
  • Introduction to Excel and Statistical Packages
  • Introduction to VBA for Excel
Year two In year two, the focus moves from mathematics to actuarial science, statistics and probability. Elective modules allow students to gain some of the exemptions from the Institute and Faculty of Actuaries, professional examination while others explore topics in finance and data analytics. Core modules:
  • Calculus and Linear Algebra
  • Contingencies
  • Probability and Statistics 2
  • Stochastic Modelling
  • Actuarial Practicality
  • Fundamentals of Finance
Year three: You will spend the third year on placement gaining valuable experience, developing your skills and creating a network in the industry. Year four: You will return to Bayes for your final year and be taught four core modules allow students to develop an in-depth understanding of actuarial and statistical subjects, while a wide range of electives cover actuarial science, statistics, business and economics. Students also undertake a final-year project in an area relevant to their interests and ambitions. Core modules:
  • Advanced contingencies
  • Final-year project
  • Probabilistic modelling
  • Statistical modelling
  • Survival models
Modules are subject to change.