Actuarial Science and Risk Management BSc

Queen's University Belfast

United Kingdom, Belfast

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Home/United Kingdom/Belfast /Queen's University Belfast/Actuarial Science and Risk Management BSc

Queen's University Belfast

United Kingdom , Belfast

Key Facts

Program Level

Bachelor

Study Type

Full Time

Delivery

On Campus

Course Code

N323

Campuses

Main Site

Program Language

English

Start & Deadlines

Next Intake Deadlines8-Jan-2024

Apply to this program

Go to the official application for the university

Duration 4 year(s)

Tuition Fee

GBP 20,800 / year

Next Intake 8-Jan-2024

Actuarial Science and Risk Management BSc

About

The BSc Actuarial Science and Risk Management programme has been designed by qualified actuaries to enable students to develop the theoretical and practical skills required to pursue a career as an actuary in the pensions and insurance sectors, or in the wider financial industry.

In addition, students may gain up to six exemptions from the initial technical professional exams required to qualify as an actuary via our accreditation with the Institute and Faculty of Actuaries.

Stage 1Actuarial Mathematics 1
Financial Reporting and Analysis
Introduction to Statistics and Operational Research
Economy, Society and Public Policy 1
Economy, Society and Public Policy 2
Introduction to Statistical and Operational Research MethodsStage 2Actuarial Mathematics 2
Actuarial methods in General Insurance
Financial Risk Modelling
Investment Analysis
Excel and VBA
Principles of Actuarial ModellingStage 3Placement Year

Students undertake a minimum nine-month, salaried work placement. Placement allows students to develop highly-valued practical skills, as well as critical softer skills that employers value, and on successful completion, students are eligible for a Licentiateship award (a vocational qualification provided through the City and Guilds of London Institute). Recent placement providers have included Scor, Pramerica, Spence and Partners, Milliman and the Government Actuaries Department (GAD).Stage 4Actuarial Modelling
Equity Research
Actuarial Econometrics and Data Science
Actuarial Applications
Financial Engineering
Stochastic Processes for Finance

Learning and Teaching

Queen’s Management School is one of the largest Schools in the University with more than 1800 full-time undergraduate students and 300 plus postgraduate students. The School has been delivering high quality programmes for more than 40 years and was one of the first schools in the UK to introduce undergraduate management education. Since then, QMS has been developing and enhancing its teaching portfolio for both local and international students and boasts students from more than 20 different nationalities.

In recent years, the School has benefited from significant investment resulting in many new academic appointments and state-of-the-art facilities including computer teaching labs with specialised software and a Trading Room in Riddel Hall. In addition, the new McClay library houses an excellent selection of Management and related texts and there are extensive IT facilities throughout the campus.

At Queen’s, we aim to deliver a high quality learning environment that embeds intellectual curiosity, innovation and best practice in learning, teaching and student support to enable students to achieve their full academic potential. In line with this, one of QMS’ primary objectives is to deliver innovative learning and teaching programmes that provide students with the competences and skills to make a positive contribution to business, economic and civic life.

On the BSc Actuarial Science and Risk Management programme we achieve these goals by providing a range of learning environments which enable our students to engage with subject experts both academic staff and industry guest speakers, develop skills and attributes and perspectives that will equip them for life and work in a global society and make use of innovative technologies and a world-class library that enhances their development as independent, lifelong learners. Examples of the opportunities provided for learning on this degree programme are:

Requirements

Entry Requirements

Undergraduate Entry Requirements

The application procedure varies for undergraduate and postgraduate students, so we publish separate information for each. You'll also need to be able to provide evidence of a specified level of ability in the English language.

The following qualifications will be considered for direct entry to our undergraduate programmes:

Holders of the Tawjihi General Secondary Education Certificate will be considered for entry to the Foundation Programme at INTO Queen's. Students who successfully complete the Foundation Programme with the required grades will be guaranteed progression to the undergraduate degree programme.
Holders of the Al-Shamel Intermediate Diploma may be considered on a case by case basis.
Applicants who have successfully completed the first year of a Jordanian University degree with good grades in relevant subjects may be considered for admission to the first year of undergraduate degree programmes.

A Levels.
Between 30 and 36 points in the International Baccalaureate Diploma (IB). Information on required grades.

The grades required will vary according to your chosen programme. Please check our Course Finder for detailed entry requirements.

How to Apply

Most students make their applications through UCAS (Universities and Colleges Admissions Service) for full-time undergraduate degree programmes at Queen’s. The UCAS application deadline for international students is 30 June 2023.

English Program Requirements

Applicants will normally need to demonstrate a level of English equivalent to 6.5 IELTS or 90 TOEFL IBT (Internet based test). However, some degree programmes have higher or lower requirements (please check individual courses for programme requirements). The full list of acceptable English Language qualifications is available here.

Improve your English language skills to prepare for further academic study or the level required for your degree.

Academic English
For students who need to increase their IELTS level in order to progress to university.

Pre-sessional English
For students who are academically qualified and hold an offer from Queen’s but need to improve their English language skills to the level required for their degree.

Career

Career Prospects

Introduction
Students pursuing a career in Actuarial Science should enjoy working with numbers, be effective communicators and work well with people as they will have to analyse and interpret financial and other information to meet the needs of different users, including managers and investors.
http://www.prospects.ac.uk

Employment after the Course
The traditional areas in which actuaries are employed include:

Pensions Industry - Actuaries are involved in the management and valuation of pension scheme liabilities (for regulatory purposes). They are also involved in new design and restructuring of pension schemes, deficit management and any requirements of regulatory change on pension schemes.

Investment Industry - Actuaries are involved in a wide variety of work such as pricing financial derivatives, working in fund management or working in quantitative investment research.

Life and Non-Life Insurance Industries - Actuaries design new insurance policies and calculate premium rates for the protection of life (whole life or term assurance) or personal items (car insurance or buildings and contents). Actuaries also perform reserving calculations to demonstrate solvency of the company.

Employment Links
Graduate employers include: Kerr Henderson, Spence & Partners, Irish Life, Invesco, Boal & Co, Willis Towers Watson, Allianz Insurance, Mercer, AXA Insurance, Deloitte, Capita, Liberty Mutual Insurance, PwC, Pramerica, Metlife, XPS.

Alumni Success
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Fee Information

Tuition Fee

GBP 20,800 / year

How to Apply

How and when to Apply

How to Apply

Application for admission to full-time undergraduate and sandwich courses at the University should normally be made through the Universities and Colleges Admissions Service (UCAS). Full information can be obtained from the UCAS website at: www.ucas.com/students.

When to Apply

UCAS will start processing applications for entry in autumn 2023 from 1 September 2022.

Advisory closing date: 25 January 2023 (18:00). This is the 'equal consideration' deadline for this course.

Applications from UK and EU (Republic of Ireland) students after this date are, in practice, considered by Queen’s for entry to this course throughout the remainder of the application cycle (30 June 2023) subject to the availability of places.

Applications from International and EU (Other) students are normally considered by Queen’s for entry to this course until 30 June 2023. If you apply for 2023 entry after this deadline, you will automatically be entered into Clearing.

Applicants are encouraged to apply as early as is consistent with having made a careful and considered choice of institutions and courses.

The Institution code name for Queen's is QBELF and the institution code is Q75.

Further information on applying to study at Queen's is available at: www.qub.ac.uk/Study/Undergraduate/How-to-apply/

Apply via UCAS

Terms and Conditions

The terms and conditions that apply when you accept an offer of a place at the University on a taught programme of study. Queen's University Belfast Terms and Conditions.

Additional Information for International (non-EU) Students

Applying through UCAS
Most students make their applications through UCAS (Universities and Colleges Admissions Service) for full-time undergraduate degree programmes at Queen's. The UCAS application deadline for international students is 30 June 2023.
Applying direct
The Direct Entry Application form is to be used by international applicants who wish to apply directly, and only, to Queen's or who have been asked to provide information in advance of submitting a formal UCAS application. Find out more.
Applying through agents and partners
The University’s in-country representatives can assist you to submit a UCAS application or a direct application. Please consult the Agent List to find an agent in your country who will help you with your application to Queen’s University.

Download a prospectus