BSc Actuarial Science N323

Course Overview

Mathematics lecture

The Mathematics Department and the School of Management, are launching a new degree programme in Actuarial Science for entry in September 2018. The new BSc Actuarial Science programme will provide students with a thorough grounding in the areas of Mathematics, Accounting, Finance and Economics relevant to careers in the actuarial profession. This will include a selection of new actuarial modules designed to cover the Institute and Faculty of Actuaries Core Principles syllabuses so that graduates with good degrees can obtain a number of exemptions from professional examinations. Swansea University has a strong research base in areas related to Actuarial Science with Mathematics hosting an internationally recognised ‘Stochastic Analysis Group’ and Management hosting the ‘Hawkes Centre for Empirical Finance’. Graduates will be highly qualified to enter the Actuarial profession, or follow careers in; auditing, financial analysis, insurance, investment banking and management.

Accreditation

The process of gaining accreditation for this programme, in the gift of the Institute and Faculty of Actuaries, began on 12th July 2018.  We fully expect the programme to be accredited, especially with regard to the CS and CM syllabuses within the Core Principles.

Key Features

The opening of the Computational Foundry, on Swansea University’s Bay Campus, in the academic year 2018/19 will allow us to deliver this high profile honours programme on the one campus, taking advantage of the co-location of Mathematics (in the Computational Foundry) and Accounting & Finance (in the School of Management).  The Computational Foundry is a £31million world-class Computational Science facility, which will act as a beacon for research collaborations and look to attract leading researchers to Wales, placing Swansea University at the heart of a thriving regional ecosystem of digital companies and research. 

We are proud to have consistently high student satisfaction scores (91% in the National Student Survey 2017) and are 6th in the UK for graduate prospects (Complete University Guide 2018). The Mathematics Department has also been rated as one of the top 25 mathematics departments in the UK and within the top third in the world (QS World University Rankings 2015).

Modules

Disclaimer: Module selection options may change.

Year 1 (Level 4)

FHEQ 4 Undergraduate / HECert
Compulsory Modules
Module CodeSemesterCreditsModule Name
MA-101Semester 1 (Sep-Jan Taught)15Introductory Calculus
MA-102Semester 2 (Jan - Jun Taught)15Introductory Analysis
MA-111Semester 1 (Sep-Jan Taught)15Foundations of Algebra
MA-112Semester 2 (Jan - Jun Taught)15Introductory Linear Algebra
MA-192Semester 2 (Jan - Jun Taught)15Applied Statistics
MN-1003Semester 1 (Sep-Jan Taught)15Accounting for Business
MN-1014Semester 1 (Sep-Jan Taught)15Economics 1 for Accounting and Finance
MN-1502Semester 2 (Jan - Jun Taught)15Finance

Year 2 (Level 5)

FHEQ 5 Undergraduate / HEDip
Compulsory Modules
Module CodeSemesterCreditsModule Name
MA-201Semester 1 (Sep-Jan Taught)15Real Analysis and Metric Spaces
MA-202Semester 2 (Jan - Jun Taught)15Vector Calculus and Measure Theory
MA-252Semester 1 (Sep-Jan Taught)15Probability
MA-282Semester 2 (Jan - Jun Taught)15Game Theory and Optimization
MA-292Semester 2 (Jan - Jun Taught)15Further Statistical Analysis
MN-2004Semester 1 (Sep-Jan Taught)15Corporate Finance 1
MN-2031Semester 1 (Sep-Jan Taught)15Principles of Financial Accounting
MN-2505Semester 2 (Jan - Jun Taught)15Investments: Assets; Equities and Bonds

Description

  • Provides the student with a grounding in the basic concepts of mathematics and finance.
  • Provides the student with specialist technical skills and expertise directly relevant to Actuarial Science.
  • Develops the student's ability to use and evaluate logical reasoning and construct rigorous arguments.
  • Develops the student's oral and written communication skills as well as their ability to use modern communication tools, especially those most appropriate to Actuarial Science.

 

Entry Requirements

A levels: grades AAA to include Mathematics.

Welsh Baccalaureate: Requirements are as for A levels where you can substitute the same non-subject specific grade for the Welsh Baccalaureate Advanced Level Core Grade.

BTEC: DDD plus grade A in A Level Mathematics.

Scottish Highers: AABBB plus grade A in Mathematics.

International Baccalaureate: 36 to include 6 in Higher Level Mathematics.

IELTS 6.0 (with a minimum of 5.5 in each component) or equivalent English test.

All applications will be considered on an individual basis, and we will look at the whole application when deciding whether to make an offer of a place, including: the balance, nature and quality of A-level, AS and GCSE subjects (or equivalent); personal statement and referee’s comments.

General Studies and Key Skills qualifications are normally excluded from our offers.

International students:  please visit our International pages for information on entry requirements for your country:  Africa, South Asia, East Asia, Europe and Russia, Middle East, North America, South America, South East Asia.  If your country is not listed within these regions, please contact international-science@swansea.ac.uk

 

How To Apply

All applications for full-time undergraduate degrees must be made through UCAS. Further information is available on the UCAS website.

For UK applicants, please apply online at www.ucas.ac.uk

For International students, please click here

Tuition Fees

Overses fee set after consultation with C Hunt on 8th August 2017

Annual tuition fees for entry in the academic year 2018/19 are as follows:

UK/EU International
BSc (Hons) Full-time £9,000 £15,800

Fees for full time Undergraduate UK/EU students may be increased in subsequent years of study by an inflationary amount determined by Welsh Government.

Fees for full time Undergraduate International students will increase by 3% for each subsequent year of study.

You can find further information on fees and how to pay on our tuition fees page.

You may be eligible for funding to help support your study. To find out about scholarships, bursaries and other funding opportunities that are available please visit the University's scholarships and bursaries page.

Current students: You can find further information of your fee costs on our tuition fees page.

Additional Costs

The tuition fees do not cover the costs of purchasing books or stationery, printing, thesis binding or photocopying costs.

There are no mandatory additional costs specified for this course.

Teaching and assessment

You will be taught through a combination of lectures, tutor-led tutorials/small group teaching, and regular (assessed and non-assessed) coursework (including case studies). The final year modules are more student-centred, to reflect a progression in teaching methods appropriate to the subjects taught. Throughout, the learner is encouraged to undertake independent reading both to supplement and consolidate what is being taught/learnt and to broaden knowledge and understanding of the subject.

You will be assessed through a combination of unseen written examinations, set assignments, and presentations.

Find out more about our teaching.

Student profiles

"Studying at Swansea University has been a pleasure. The past two years have been a wonderful adventure, from discovering some of the Welsh culture, to learning from some of the best lecturers I have ever met.

The thing that really stands out about Swansea is the huge support you get as a student - from absolutely everyone! Whenever I have had problems - whether personal, academic or financial - I have had someone to advise me, to listen to me and to help me."

Alissa Kamilova, BSc Mathematics

Read our student profiles

Facilities

The Department of Mathematics is situated within the new Computational Foundry on the Bay Campus.

Dynamic learning and collaborative spaces are an important part of the specification and include a light-filled Atrium in the Mathematics section of the building, ‘touchdown’ breakout and inspiration spaces in the bridge that connects the two wings of the building, and the Crucible, which will be the centre-piece of the Computational Foundry.

Specialist library resources for the Actuarial Science programme will be available on the Bay Campus, or online.

 

Careers

The ability to think rationally and to process data clearly and accurately are highly valued by employers. Mathematics graduates earn significantly more than most other graduates. The most popular areas are the actuarial profession, the financial sector, IT, computer programming and systems administration, and opportunities within business and industry where employers need mathematicians for research and development, statistically analysis, marketing and sales. 

Actuarial Science graduates enter professions which include:

  • investment banking and investment management
  • auditing
  • commercial banking
  • insurance
  • financial analysis
  • management
  • computing and teaching.
  • consultancy practices
  • the Government Actuary’s Department
  • the London Stock Exchange

Find out more about employability

 

Research

All academic staff in Mathematics are active researchers and the department has a thriving research culture. Find out more.

Welsh-medium provision for students

A variety of modules can be studied with a Welsh medium component taking the form of weekly small-group tutorials. There are also extensive teaching resources available for calculus and geometry and final year students can have their project supervision through the medium of Welsh. Welsh medium UCAS interviews are available for applicants - please request this when booking a Visit Day with us. For more information, please contact Kristian Evans.

Studying Mathematics at Swansea University