Finance with Actuarial Science, BSc (Hons), with industry placement

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. Ideal for those passionate about mathematics, modelling, and probability, the program builds expertise in investment management and risk analysis, distinguishing itself through a focus on portfolio strategies. Students develop foundational knowledge in mathematics, statistics, and economics in the first year, then advance to financial markets, derivatives, and actuarial modules in subsequent years, culminating in a self-researched project.The curriculum includes core and elective modules, with opportunities for professional exemptions, work placements, or study abroad. Assessment methods encompass coursework, exams, and projects, with percentages varying by year (e.g., Year 1: 25% coursework). Graduates benefit from lecturers' industry experience and career-focused modules, enhancing employability in finance and actuarial fields.

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.