Risk is opportunity – being an actuary is a shrewd career choice.
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. Actuaries enjoy high rewards and have an excellent work/life balance.
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.
"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."
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.
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Following the impact of the pandemic, we made changes to our teaching and assessment to ensure our current students could continue with their studies uninterrupted and safely. These changes included courses being taught through blended delivery, normally including some face-to-face teaching, online provision, or a combination of both across the year.
The teaching and assessment methods listed on each course page show what is currently planned for 2021 entry; changes may be necessary if, by the beginning of this course, we need to adapt the way we’re delivering them due to the external environment, and to allow you to continue to receive the best education possible safely and seamlessly.