Finance with Actuarial Science, BSc (Hons)

The BSc (Hons) Finance with Actuarial Science at Bayes Business School, part of City, University of London, applies quantitative skills to financial risks and uncertainties. This programme suits those passionate about mathematics, especially modelling and probability, and equips students with expertise in investment management, risk analysis, and actuarial science. It differentiates itself through a focus on investment strategies and portfolio management, alongside core modules in finance, statistics, and economics.In the first year, students build foundations in mathematics and economics, progressing to advanced financial markets and risk assessment in later years. Options include electives, a final-year project, and opportunities for a paid work placement or study abroad. Assessment combines coursework, exams, and projects, ensuring graduates are well-prepared for professional roles, with many lecturers drawing from industry experience.

Year one In the first year, students study six 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. Core modules:

• Introduction to actuarial methods and career planning

• Mathematics for actuarial science

• Probability and statistics 1

• Finance and investment mathematics

• Introduction to economics

• Introduction to Excel and statistical packages

• Introduction to VBA for Excel

Year two In year two, the focus moves from mathematics to finance, statistics, probability and actuarial science. Alongside the core modules, students are able to take three elective modules that are based in the areas of finance and actuarial science. Two of the elective modules enable students to gain exemptions from the Institute and Faculty of Actuaries’ professional examination. Core modules:

• Calculus and linear algebra (mathematics 2)

• Derivatives, trading and hedging

• Financial markets

• Fundamentals of finance

• Stochastic models

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 finance, while a wide range of electives cover actuarial science, statistics, business and economics. Students are able to undertake a final-year project in an area relevant to their interests and ambitions, alongside two elective modules. Alternatively students are able to take four electives instead. Those wishing to gain the maximum three exemptions from the Institute and Faculty of Actuaries’ examinations that are offered by this degree must select the elective Advanced contingencies. Core modules:

• Fixed income portfolio management

• Financial engineering

• Asset- Liability Management

Modules are subject to change.