Actuarial Science, BSc (Hons)

The BSc (Hons) Actuarial Science degree, offered by Bayes Business School at City, University of London—one of the UK's top six business schools—provides a comprehensive education in actuarial and financial studies, mathematics, and statistics. As England's longest-established program, it equips students with essential skills in risk management, probability, and economics, preparing them for careers in insurance, finance, or related fields. The curriculum includes core modules in mathematics, statistics, and actuarial methods, with opportunities for electives, a final-year project, and exemptions from professional exams by the Institute and Faculty of Actuaries.Students benefit from industry-experienced lecturers and a focus on ethical decision-making, alongside options for work placements or study abroad. Assessment combines coursework, exams, and projects, ensuring a balanced and practical learning experience. With 450 credits, the program offers deeper specialization than most UK actuarial degrees, fostering versatile career paths in risk and investment management.

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 In the final year, four taught 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.