Subject

Actuarial science

Impatient to qualify as an actuary fast?

Actuarial science

Actuarial science applies mathematical and statistical skills to problems arising in applied subjects such as insurance, finance, commerce and government.

Actuarial science at Essex covers the full range of core skills essential for the profession. Our course gives you exemption from the main professional examinations, CS1, CS2, CM1, CM2, CB1, CB2, of the Institute and Faculty of Actuaries (IFoA), subject to your performance on certain modules. This means you can qualify as an actuary faster upon graduation. Being an actuary is a shrewd career choice - actuaries enjoy high rewards and have an excellent work/life balance.

Why study here?
  • Our BSc Actuarial Science course exempts you from key Institute and Faculty of Actuaries (IFoA) exams.
  • You have access to our dedicated computing facilities that provide real-world experience.
  • An exceptional learning environment: world-class lecturers, academics, professional actuaries, further supported by Innovate UK.
"Since graduating from Essex I 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 for Pacific Life Re. My role involves designing actuarial models as well as working on tools for the actuarial systems team. The skills and knowledge that I developed by studying at Essex includes my knowledge of actuarial science and an introduction into coding, which helped to shape my career choices. My plans for the future involve continuing to improve my coding skills as well as my understanding of the re-insurance industry. My advice for other students would be to not give up! There are so many jobs out there that I didn’t even realise existed."
Frederick Coles bsc actuarial science, 2017

Actuarial science uses principles from mathematics, statistics and probability to evaluate risks in a broad range of areas such as insurance, finance, commerce and government. 

Our postgraduate actuarial science courses are based on the syllabus of the Institute and Faculty of Actuaries, which means that you’ll cover most of its Core Technical subjects as part of your course.

This focus on up-to-date research findings in actuarial methodologies and actuarial applications means that you gain a solid training in actuarial modelling and actuarial analysis. 

Why study here?
  • We are the 'ideas people' of the maths and actuarial science world – work with award-winning teachers and researchers, and top industry experts.
  • We have active links with industry to broaden your employment potential and placement opportunities.
  • Through our pioneering teaching approaches we cultivate the next generation of actuarial scientists and keep the industry prepared for the future.
Photo of MSc Actuarial Science graduate, George Brooks
"My favourite modules were those where I was able to work hands-on with data performing analysis, building models, and learning to code. In the era of big data it is an important skill to be able to manipulate, interpret, and gain insights from your data. I had a brilliant experience at Essex, loved the Colchester Campus, and had a great relationship with the lecturers. I am currently working as a Pricing Analyst for RSA Insurance, the oldest property insurance company in the UK. I work within the SME Non-Motor team, pricing shops, offices, pubs, restaurants, hotels, tradespeople, and landlords."
George Brooks msc actuarial science, 2018

The advent of the digital era has revolutionised the study of actuarial science, expanding its frontiers and posing new challenges. 
 
At research level, you will embark on a journey of independent study into this thriving subject. You’ll be supervised by internationally recognised experts in the areas of survival analysis, forensic economics, risk management, asset-liability management, performance evaluation of funds, and much more.

Why study here?
  • Students have access to computer labs and software including MATLAB, R, and LaTeX.
  • Our Department of Mathematical Sciences has an international reputation in many areas like such as semi-group theory, optimisation, probability, applied statistics, bioinformatics and mathematical biology.
  • Work alongside our staff who are strongly committed to research and teaching.
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Discover cutting edge research from the University of Essex. Browse our site to find relevant publications, projects, groups, centres, postgraduate opportunities for research supervision and wider areas of interest. Simply search our site to find information relating to your subject.

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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. However, if we need to make material changes, for example due to significant disruption, or in response to COVID-19, we'll let our applicants and students know as soon as possible.