Undergraduate Course

BSc Actuarial Science

Now In Clearing
BSc Actuarial Science

Overview

The details
Actuarial Science
N323
October 2025
Full-time
3 years
Colchester Campus

Actuarial science teaches you the art of turning risks into opportunities. Actuaries provide assessments of financial security systems, with a focus on their complexity, their mathematics, and their mechanisms. You benefit from an excellent starting salary, with graduates earning upwards of £30,000 on average.

Our BSc Actuarial Science course covers the syllabus of many core subjects of the Institute and Faculty of Actuaries. Depending on your choice of optional modules, and upon sufficient attainment, this can lead to exemptions from the professional exams CS1, CS2, CM1, CM2, CB1 and CB2. More generally, our course features an attractive blend of solid mathematics, an understanding of real-world financial issues, optimisation, experimental design and computing skills which provide you with core skills for entering the world of actuaries and data scientists.

Study topics including:

  • mathematical finance
  • financial reporting
  • contingencies, risk management and survival analysis
  • mathematical, statistical and probabilistic techniques
  • programming and computation in languages such as MATLAB and R

Professional actuaries in the insurance industry, including influential businesses AXA and Buck Consultants, contribute to our employability module and also host students at their offices to show you typical challenges that actuaries face.

As part of our School of Mathematics, Statistics and Actuarial Science, you are a member of an inclusive and approachable research community which allows you to explore topics in pure, high-level mathematics and applied mathematics.

Professional accreditation

Accredited by the Institute and Faculty of Actuaries for the purpose of exemption from some professional examinations.

This programme will meet the educational requirements of the Chartered Mathematician designation, awarded by the Institute of Mathematics and its Applications, when it is followed by subsequent training and experience in employment to obtain equivalent competences to those specified by the Quality Assurance Agency (QAA) for taught masters degrees.

Why we're great.
  • We’re ranked 25th in the UK for mathematics (The Guardian University Guide 2025).
  • We are continually broadening the array of expertise in our School, letting you tailor your degree to your interests.
  • You have access to our dedicated computing facilities that provide real-world experience.

Study abroad

Your education extends beyond the university campus. We support you in expanding your education through offering the opportunity to spend a year or a term studying abroad at one of our partner universities. The four-year version of our degree allows you to spend the third year abroad or employed on a placement abroad, while otherwise remaining identical to the three-year course.

Studying abroad allows you to experience other cultures and languages, to broaden your degree socially and academically, and to demonstrate to employers that you are mature, adaptable, and organised.

If you spend a full year abroad you'll only pay 15% of your usual tuition fee to Essex for that year. You won't pay any tuition fees to your host university

Placement year

Alternatively, you can spend your third year on a placement year with an external organisation, where you learn about a particular sector, company or job role, apply your academic knowledge in a practical working environment, and receive inspiration for future career pathways. You will be responsible for finding your placement, but with support and guidance provided by both your department and the placements team.

If you complete a placement year you'll only pay 20% of your usual tuition fee to Essex for that year.

Our expert staff

Many of our academics have won national or regional awards for lecturing, and many of them are qualified and accredited teachers – something which is very rare at a university.

Our course teachers are expert academics conducting internationally excellent multidisciplinary research, with significant multi-year experience in consulting and practising actuarial science. Our key actuarial science staff are:

Specialist facilities

  • In addition to teaching, we have a Maths Support Centre which offers help to students on a range of mathematical problems. Throughout term time, we can chat through mathematical problems either on a one-to-one or small group basis.
  • We have a dedicated social and study space for maths students, situated in the STEM Centre.
  • We host regular events and seminars throughout the year.
  • Our students run a lively Actuarial Science Society, an active and social group where you can explore your interest in your subject with other students.

Your future

We expect our graduates of BSc Actuarial Science to become actuaries in a range of industries. It is predicted by the US Department of Labor that the employment of actuaries is expected to grow faster than any other occupation, making it a great prospect for a graduate job.

Aside from a rewarding career as an actuary, clear thinkers are required in every profession, so the successful mathematician has an extensive choice of potential careers. The Council for Mathematical Sciences offers further information on careers in mathematics.

We also work with our University's Student Development Team to help you find out about further work experience, internships, placements, and voluntary opportunities.

“Since graduating I have worked as a Trainee Actuary for a London brokerage, then took a year off to learn to code, and now I am working as an Actuarial Systems Analyst at Pacific Life Re. I help design actuarial models as well as working on tools for the actuarial systems team. My Essex degree definitely helped shape my career choices - and the maths is pretty useful!”

Frederick Coles, BSc Actuarial Science, 2017

Entry requirements

Clearing entry requirements

We currently have places available in Clearing across a range of our courses with most offers at BBC-CCD (112 – 88 UCAS tariff points) or equivalent. We consider each application individually and requirements may be lower for some of our courses, so please get in touch if your grades are below those outlined here.

English language requirements

English language requirements for applicants whose first language is not English: IELTS 6.0 overall, or specified score in another equivalent test that we accept.

Details of English language requirements, including component scores, and the tests we accept for applicants who require a Student visa (excluding Nationals of Majority English Speaking Countries) can be found here

If we accept the English component of an international qualification it will be included in the academic levels listed above for the relevant countries.

English language shelf-life

Most English language qualifications have a validity period of 5 years. The validity period of Pearson Test of English, TOEFL and CBSE or CISCE English is 2 years.

If you require a Student visa to study in the UK please see our immigration webpages for the latest Home Office guidance on English language qualifications.

Pre-sessional English courses

If you do not meet our IELTS requirements then you may be able to complete a pre-sessional English pathway that enables you to start your course without retaking IELTS.

Pending English language qualifications

You don’t need to achieve the required level before making your application, but it will be one of the conditions of your offer.

If you cannot find the qualification that you have achieved or are pending, then please email ugquery@essex.ac.uk .

Requirements for second and final year entry

Different requirements apply for second and final year entry, and specified component grades are also required for applicants who require a visa to study in the UK. Details of English language requirements, including UK Visas and Immigration minimum component scores, and the tests we accept for applicants who require a Student visa (excluding Nationals of Majority English Speaking Countries) can be found here

Additional Notes

If you’re an international student, but do not meet the English language or academic requirements for direct admission to this degree, you could prepare and gain entry through a pathway course. Find out more about opportunities available to you at the University of Essex International College

Structure

Course structure

Our research-led teaching is continually evolving to address the latest challenges and breakthroughs in the field. The following modules are based on the current course structure and may change in response to new curriculum developments and innovation.

We understand that deciding where and what to study is a very important decision for you. We'll make all reasonable efforts to provide you with the courses, services and facilities as described on our website and in line with your contract with us. However, if we need to make material changes, for example due to significant disruption, we'll let our applicants and students know as soon as possible.

Components and modules explained

Components

Components are the blocks of study that make up your course. A component may have a set module which you must study, or a number of modules from which you can choose.

Each component has a status and carries a certain number of credits towards your qualification.

Status What this means
Core
You must take the set module for this component and you must pass. No failure can be permitted.
Core with Options
You can choose which module to study from the available options for this component but you must pass. No failure can be permitted.
Compulsory
You must take the set module for this component. There may be limited opportunities to continue on the course/be eligible for the qualification if you fail.
Compulsory with Options
You can choose which module to study from the available options for this component. There may be limited opportunities to continue on the course/be eligible for the qualification if you fail.
Optional
You can choose which module to study from the available options for this component. There may be limited opportunities to continue on the course/be eligible for the qualification if you fail.

The modules that are available for you to choose for each component will depend on several factors, including which modules you have chosen for other components, which modules you have completed in previous years of your course, and which term the module is taught in.

Modules

Modules are the individual units of study for your course. Each module has its own set of learning outcomes and assessment criteria and also carries a certain number of credits.

In most cases you will study one module per component, but in some cases you may need to study more than one module. For example, a 30-credit component may comprise of either one 30-credit module, or two 15-credit modules, depending on the options available.

Modules may be taught at different times of the year and by a different department or school to the one your course is primarily based in. You can find this information from the module code. For example, the module code HR100-4-FY means:

HR 100  4  FY

The department or school the module will be taught by.

In this example, the module would be taught by the Department of History.

The module number. 

The UK academic level of the module.

A standard undergraduate course will comprise of level 4, 5 and 6 modules - increasing as you progress through the course.

A standard postgraduate taught course will comprise of level 7 modules.

A postgraduate research degree is a level 8 qualification.

The term the module will be taught in.

  • AU: Autumn term
  • SP: Spring term
  • SU: Summer term
  • FY: Full year 
  • AP: Autumn and Spring terms
  • PS: Spring and Summer terms
  • AS: Autumn and Summer terms

COMPONENT 01: CORE

MA101-4-FY
(30 CREDITS)

COMPONENT 02: CORE

MA114-4-AU
(15 CREDITS)

COMPONENT 03: CORE

MA108-4-SP
(15 CREDITS)

COMPONENT 04: CORE

BE304-4-SP
(15 CREDITS)

COMPONENT 05: CORE

MA127-4-FY
(30 CREDITS)

COMPONENT 06: COMPULSORY

MA185-4-AU
(15 CREDITS)

COMPONENT 07: COMPULSORY

MA199-4-FY
(0 CREDITS)

COMPONENT 01: CORE

MA211-5-SP
(15 CREDITS)

COMPONENT 02: CORE

MA226-5-AU
(15 CREDITS)

COMPONENT 03: CORE

MA200-5-AU
(15 CREDITS)

COMPONENT 04: CORE

MA216-5-SP
(15 CREDITS)

COMPONENT 05: CORE

MA212-5-AU
(15 CREDITS)

COMPONENT 06: COMPULSORY

MA205-5-SP
(15 CREDITS)

COMPONENT 07: COMPULSORY

MA202-5-SP
(15 CREDITS)

COMPONENT 08: COMPULSORY

MA201-5-AU
(15 CREDITS)

COMPONENT 09: COMPULSORY

MA199-5-FY
(0 CREDITS)

COMPONENT 01: CORE

MA318-6-AU
(15 CREDITS)

COMPONENT 02: CORE

MA311-6-AU
(15 CREDITS)

COMPONENT 03: CORE

MA320-6-SP
(15 CREDITS)

COMPONENT 04: COMPULSORY

MA317-6-AU
(15 CREDITS)

COMPONENT 05: COMPULSORY

MA312-6-SP
(15 CREDITS)

COMPONENT 06: COMPULSORY

MA319-6-AU
(15 CREDITS)

COMPONENT 07: COMPULSORY

MA830-6-SP
(15 CREDITS)

COMPONENT 08: COMPULSORY

MA322-6-SP
(15 CREDITS)

COMPONENT 09: COMPULSORY

MA199-6-FY
(0 CREDITS)

Placement

On a placement year you gain relevant work experience within an external business or organisation, giving you a competitive edge in the graduate job market and providing you with key contacts within the industry. The rest of your course remains identical to the three-year degree.

Year abroad

On your year abroad, you have the opportunity to experience other cultures and languages, to broaden your degree socially and academically, and to demonstrate to employers that you are mature, adaptable, and organised. The rest of your course remains identical to the three-year degree.

Teaching

  • Undergraduate students in the School of Mathematics, Statistics and Actuarial Science typically attend three taught hours per module per week. This varies by module, e.g. two hours of lectures and one class/lab.
  • Take a mathematics careers and employability module, where you compile a portfolio of skills and experience.

Assessment

  • Your final mark is a weighted combination of coursework and summer examinations.
  • Your first year of study does not count towards your final degree class.
  • In your final year, you have the opportunity to complete a full-year or one-term project.

Fees and funding

Home/UK fee

£9,535 per year

International fee

£21,525 per year

Fees will increase for each academic year of study.

What's next

Open Days

Our events are a great way to find out more about studying at Essex. We run a number of Open Days throughout the year which enable you to discover what our campus has to offer. You have the chance to:

  • tour our campus and accommodation
  • find out answers to your questions about our courses, student finance, graduate employability, student support and more
  • meet our students and staff

Check out our Visit Us pages to find out more information about booking onto one of our events. And if the dates aren’t suitable for you, feel free to book a campus tour here.

2025 Open Days (Colchester Campus)

  • Saturday 16 August 2025 - Colchester Clearing Open Day
  • Saturday 20 September 2025 - September Open Day
  • Saturday 8 November 2025 - November Open Day

How to apply during Clearing

Once you’ve checked that we have the right course for you, applying couldn’t be simpler. Fill in our quick and easy Clearing application form with as much detail as you can. We’ll then take a look and get back to you with a decision.

Interviews

We don’t interview all applicants during Clearing, however, we will only make offers for the following courses after a successful interview:

  • BA Multimedia Journalism
  • BSc Nursing (Adult)
  • BSc Nursing (Mental Health)
  • BA Social Work

The interview allows our academics to find out more about you, and in turn you’ll be able to ask us any questions you might have. Further details will be emailed to you if you are shortlisted for interview.


Apply now
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The University makes every effort to ensure that this information on its programme specification is accurate and up-to-date. Exceptionally it can be necessary to make changes, for example to courses, facilities or fees. Examples of such reasons might include, but are not limited to: strikes, other industrial action, staff illness, severe weather, fire, civil commotion, riot, invasion, terrorist attack or threat of terrorist attack (whether declared or not), natural disaster, restrictions imposed by government or public authorities, epidemic or pandemic disease, failure of public utilities or transport systems or the withdrawal/reduction of funding. Changes to courses may for example consist of variations to the content and method of delivery of programmes, courses and other services, to discontinue programmes, courses and other services and to merge or combine programmes or courses. The University will endeavour to keep such changes to a minimum, and will also keep students informed appropriately by updating our programme specifications. The University would inform and engage with you if your course was to be discontinued, and would provide you with options, where appropriate, in line with our Compensation and Refund Policy.

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