Undergraduate Degrees
BSc Actuarial Sciences (with a Year in Industry) ( N323 )
- UCAS Course Code:
- N323
- Duration:
- 4 years
- Attendance:
- Full Time
- Award:
- Degree of Bachelor of Science
- School of Study:
- Computing Sciences
- Brochure:
- Actuarial Sciences Undergraduate Courses (PDF)
- Typical A-Level Offer:
- AAA-AAB (including A in Maths)
Why take this course?
The BSc Actuarial Sciences with a year in industry is a four year programme aimed at studious applicants who wish to become actuaries. The course gives you the opportunity to gain exemptions for the first eight (CT1-CT8) professional examinations set by the UK Actuarial Profession. Furthermore, you may use the experience gained during your year in industry to count towards the work based skills requirement of becoming a Fellow of the Institute and Faculty of Actuaries.
Your year in industry will allow you to appreciate the work of actuaries and to apply your knowledge from taught lectures to real world problems. The interaction with industry will also develop your transferable skills such as communication and analytical problem solving skills which in turn will enhance your employability.
Another special feature of this course is that Year 3 is spent in a business placement, working alongside practicing actuaries. It should be noted that we cannot guarantee a work placement for all students as placements are competitively allocated based on performance during the degree course. However, we offer our full support and guidance in the process of looking and applying for placements and have established links with Aviva and other placement providers. Students that do not manage to secure a placement by the end of year 2 are transferred to the three year variant of our BSc Actuarial Sciences.
If you do not meet the standard entry requirement for admission to the Actuarial Science degree, you may be offered a place on our BSc Business Statistics degree. These programmes have a common first year and, subject to adequate performance in year 1, you may be able to transfer to the second year of the Actuarial Science degree.
Contact time
Students have on average 15 hours of contact time per week with teaching staff through lectures, laboratory sessions and seminars, though this may vary depending on module choices. Additionally, students should allocate at least 25 hours per week for study, coursework assignments and projects.
Career opportunities
Students successfully completing the course should have no trouble in finding a well-paid position as an actuary in the UK insurance sector, though they could also pursue a career in Business Statistics or Management. Actuaries are always in demand, are very highly regarded and can command positions of responsibility in all business sectors.
Contact: admissions@uea.ac.uk
- You will be taught by lecturers from the School of Computing Sciences, School of Mathematics and the Norwich Business School.
- You will also be taught by practicing Actuaries on location at Aviva (the UK’s largest insurer).
- Our Actuarial Science undergraduate degrees give you the opportunity to gain exemptions from the first eight (CT1-CT8) of the professional examinations set by the Actuarial Profession.
- Our year in industry programme provides an invaluable introduction to working in the insurance and finance industry. You may also count this year towards the work based skills requirement of becoming a Fellow of the Institute and Faculty of Actuaries.
- The facilities and student experience in the school are excellent. We have a range of different laboratories for students that cater for the different disciplines taught.
- Our teaching is delivered in a variety of ways including lectures, laboratory classes, seminars and group projects. Our laboratory class and seminars are run with a 1-to-16 staff to student ratio ensuring you can obtain good support.
- Much of our work is concerned with real-world problems and applications and we have excellent links with industry both for our teaching and research.
UniStats Information
Compulsory Study (120 credits)
Students must study the following modules for 120 credits:
| Name | Code | Credits |
|---|---|---|
| CALCULUS | MTH-1B2Y | 30 |
| ECONOMICS FOR BUSINESS | NBS-1B4Y | 20 |
| INTRODUCTION TO FINANCIAL AND MANAGEMENT ACCOUNTING | NBS-1A2Y | 20 |
| MATHEMATICS FOR ACTUARIES | CMPC1F07 | 20 |
| PROBABILITY | MTH-1C34 | 10 |
| PROGRAMMING FOR APPLICATIONS | CMPC1X04 | 20 |
Compulsory Study (120 credits)
Students must study the following modules for 120 credits:
| Name | Code | Credits |
|---|---|---|
| ACTUARIAL METHODS | CMP-2AV2 | 20 |
| APPLIED STATISTICS B | CMPC2S12 | 20 |
| CONTINGENCIES | CMP-2AS2 | 10 |
| DIFFERENTIAL EQUATIONS | MTH-2C41 | 10 |
| FINANCIAL ACCOUNTING | NBS-2A1Y | 20 |
| FINANCIAL MATHEMATICS | CMPC2F07 | 20 |
| STATISTICAL METHODS | CMPC2S11 | 20 |
Compulsory Study (120 credits)
Students must study the following modules for 120 credits:
| Name | Code | Credits |
|---|---|---|
| INDUSTRIAL PROJECT REPORT | CMPC3P5Y | 40 |
| YEAR IN INDUSTRY | CMPC3P0Y | 80 |
Compulsory Study (80 credits)
Students must study the following modules for 80 credits:
| Name | Code | Credits |
|---|---|---|
| ACTUARIAL MODELS | CMP-3AV1 | 20 |
| ADVANCED STATISTICS | CMPC3C12 | 20 |
| BUSINESS FINANCE | NBS-2F2Y | 20 |
| FURTHER ACTUARIAL TOPICS | CMP-3AS5 | 10 |
| FURTHER CONTINGENCIES | CMP-3AS3 | 10 |
Option A Study (40 credits)
Students will select 40 credits from the following modules:
| Name | Code | Credits |
|---|---|---|
| BUSINESS AND COMPANY LAW | NBS-2B2Y | 20 |
| BUSINESS SKILLS FOR MANAGERS | NBS-2B8Y | 20 |
| DATABASE SYSTEMS | CMPC2B08 | 20 |
| ECONOMICS FOR INTERNATIONAL BUSINESS | NBS-2B4Y | 20 |
Disclaimer
Whilst the University will make every effort to offer the modules listed, changes may sometimes be made arising from the annual monitoring, review and update of modules and regular (five-yearly) review of course programmes. Where this activity leads to significant (but not minor) changes to programmes and their constituent modules, there will normally be prior consultation of students and others. It is also possible that the University may not be able to offer a module for reasons outside of its control, such as the illness of a member of staff or sabbatical leave. Where this is the case, the University will endeavour to inform students.
Year In Industry
Completion of a Year in Industry programme will ensure you graduate with relevant work experience, putting you one step ahead of other students. This exciting degree programme provides you with this opportunity.
There is no greater asset in today’s competitive job market than relevant work experience. A Year in Industry will give you first-hand knowledge of not only the mechanics of how your chosen field operates but it will also greatly improve your chances of progressing within that sector as you seal valuable contacts and insight. These courses will also enhance your studies as theory is transformed into reality in a context governed by very real, time and financial constraints.
Our Industrial Links
We have well-established commercial connections throughout the UK and beyond and can help you to identify and compete for appropriate industrial opportunities. Recent placement partners in the School have included: Aviva, Antech, Money Facts, , Bartram Mowers, BSkyB, Glue4. Other suitable placements may be found at; Bloomberg, British Telecom, Hewlett Packard, IBM, Intel, Logica or Microsoft.
Financial Benefits
A big attraction to this type of course, apart from the enhanced career prospects, is that students spending a year in industry as part of their degree will only pay £900 tuition fees for that year (2012 figures). There is also a realistic chance of being paid by the placement provider during the year which is a great way to help fund your continued studies.
For the latest on financial arrangements for our Year in Industry students please visit the UEA Finance webpage.
How it Works
The Year in Industry BSc degree programmes are four years in length with the work placement taking place during the third year. They are a minimum of nine months full-time employment and a maximum of 14 months.
Throughout the work placement, you keep in close contact with an assigned mentor at UEA and your mentor will also visit you at least once during the year. You will also be supported by an industrial supervisor.
We expect students to seek their own work placements, although the School has industrial collaborators aplenty to help you with your choice. Not only will this ensure that you work within your preferred field of computing sciences, it will also provide you with the essential job-hunting skills you will require after graduation. We will, of course, offer our guidance whilst students are identifying and negotiating placement opportunities.
Please note that we cannot guarantee any student a work placement as this decision rests with potential employers and students will be expected to source these placements themselves.
For further information, please contact: Dr Mark Fisher, Year in Industry Co-ordinator, e-mail: Mark.Fisher@uea.ac.uk
Entry Requirements
- A Level:
- AAA-AAB (including A in Maths)
- International Baccalaureate:
- 34-33 points overall inc. HL Mathematics at Grade 7
- Scottish Highers:
- AAAAA-AAABB (including Maths)
- Scottish Advanced Highers:
- AAA-AAB (including Maths)
- Irish Leaving Certificate:
- AAAAAA-AAAABB (including Maths)
- Access Course:
- See below
- European Baccalaureate:
- 85-80% overall (including Maths)
Students for whom English is a Foreign language
We welcome applications from students from all academic backgrounds. We require evidence of proficiency in English (including writing, speaking, listening and reading). Recognised English Language qualifications include:
- IELTS: 6. overall (minimum 5.5 in any component)
- TOEFL: Internet-based score of 78 overall (minimum 20 in Speaking component, 17 in Writing and Listening components and 18 in Reading components.
- PTE: 55 overall (minimum 51 in any component).
If you do not meet the University's entry requirements, our INTO Language Learning Centre offers a range of university preparation courses to help you develop the high level of academic and English skills necessary for successful undergraduate study.
Interviews
We interview all applicants.
Gap Year
We welcome applications from students who have already taken or intend to take a gap year, believing that a year between school and university can be of substantial benefit. You are advised to indicate your reason for wishing to defer entry and may wish to contact the appropriate Admissions Office directly to discuss this further.
Special Entry Requirements
Grade A in A Level Mathematics or equivalent.
Intakes
The School's annual intake is in September of each year.
Alternative Qualifications
We encourage you to apply if you have alternative qualifications equivalent to our stated entry requirement. Please contact us for further information.
GCSE Offer
Students are required to have Mathematics and English Language at minimum of Grade B.
Fees and Funding
Undergraduate University Fees
We are committed to ensuring that Tuition Fees do not act as a barrier to those aspiring to come to a world leading university and have developed a funding package to reward those with excellent qualifications and assist those from lower income backgrounds. Full time UK/EU students starting an undergraduate degree course in 2013 will be charged a tuition fee of £9,000. The level of fee may be subject to yearly increases. Full time International students starting an undergraduate degree course in 2013 will be charged a tuition fee of £14,400. The level of fee may be subject to yearly increases.
Year in Industry Fees
For Home/EU students opting for Year in Industry the tuition fee is currently £1,250. The Year in Industry tuition fee will be subject to an annual increase. International Students are required to pay 25% of their annual tuition fee to UEA during their year in Industry and will be calculated based on the current tuition fee for that year.
Scholarships and Bursaries
Home/EU - The University of East Anglia offers a range of Bursaries and Scholarships. To check if you are eligible please visit http://www.uea.ac.uk/study/undergraduate/finance/university-financial-support.
International Students
The Actuarial Science courses has 4 £2,000 year one scholarships available for 2013 entry. The Scholarship deadline is 15th January 2013. Please contact the Admissions office at cmp.ug.admiss@uea.ac.uk for more information.
The University offers around £1 million of Scholarships each year to support International students in their studies. Scholarships are normally awarded to students on the basis of academic merit and are usually for the duration of the period of study. Our University international pages gives you more details about preparation for studying with us, including Fees and Funding http://www.uea.ac.uk/international.
How to Apply
Applications need to be made via the Universities Colleges and Admissions Services (UCAS), using the UCAS Apply option.
UCAS Apply is a secure online application system that allows you to apply for full-time Undergraduate courses at universities and colleges in the United Kingdom. It is made up of different sections that you need to complete. Your application does not have to be completed all at once. The system allows you to leave a section partially completed so you can return to it later and add to or edit any information you have entered. Once your application is complete, it must be sent to UCAS so that they can process it and send it to your chosen universities and colleges.
The UCAS code name and number for the University of East Anglia is EANGL E14.
Further Information
If you would like to discuss your individual circumstances with the Admissions Office prior to applying please do contact us:
Undergraduate Admissions Office
Tel: +44 (0)1603 591515
Email: admissions@uea.ac.uk
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