Actuaries provide assessments of financial security systems, with a focus on their complexity, their mathematics, and their mechanisms. Actuaries quantify the probability and manage the risk of future events in areas such as insurance, healthcare, pensions, investment, and banking and also in non-financial areas. This University of Essex course is taught by the Department of Mathematical Sciences and is intended for students with a first degree in mathematics, statistics, economics or finance who would like to acquire knowledge in actuarial science.
Essex's MSc Actuarial Science course is based on the syllabus of the majority of the Core Technical subjects of the Institute and Faculty of Actuaries, so students will cover Core Technical subjects as part of their course. This focus on up-to-date research findings in actuarial methodologies and actuarial applications means that students gain a solid training in actuarial modelling and actuarial analysis.
It is also possible to specialize on a topic of choice, with options including: Actuarial and Financial Modelling, General Insurance, and Life Insurance. Students will also have the chance to study a problem in depth through a Masters thesis project on a subject chosen by them or their supervisor.
As part of the Department of Mathematical Sciences students are members of an inclusive and approachable research community with an international reputation in many areas including semi-group theory, optimization, probability, applied statistics, bioinformatics and mathematical biology. Essex is genuinely innovative and student-focused. Their research groups are working on a broad range of collaborative areas tackling real-world issues.
As a new course, Essex expects their graduates of MSc Actuarial Science to become actuaries in a range of industries. It is predicted by the US Department of Labour 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 (actuaries are in the top ten jobs for 2016, careercast.com), clear thinkers are required in every profession, so the successful mathematician has an extensive choice of potential careers.
| Level | Masters |
| Discipline | Sciences |
| Duration | 12 months |
| Intakes | Oct |
| Application Fees | GBP 0 |
| Tuition Fees | GBP 19740 |
| Campus | Colchester |
| Language proficiency (minimum) | |
| IELTS | 6 |
|---|---|
| TOEFL | 76 |
| PTE | 60 |
| Duolingo | Not Accepted |
| Exam proficiency (minimum) | |
| SAT | Not Required / Waiver |
|---|---|
| ACT | Not Required / Waiver |
| GRE | Not Required / Waiver |
| GMAT | Not Required / Waiver |
Minimum GPA - 70.0%
472
301-350
501-600
447
QS Quacquarelli Symonds is the world’s leading provider of services, analytics, and insight to the global higher education sector, whose mission is to enable motivated people anywhere in the world to fulfil their potential through educational achievement, international mobility, and career development.
THE (Times Higher Education) has been providing trusted performance data on universities for students and their families, academics, university leaders, governments and industry, since 2004. We create university rankings to assess university performance on the global stage and to provide a resource for readers to understand the different missions and successes of higher education institutions.
The Academic Ranking of World Universities (ARWU) was first published in June 2003 by the Center for World-Class Universities (CWCU), Graduate School of Education (formerly the Institute of Higher Education) of Shanghai Jiao Tong University, China, and updated on an annual basis
The "Webometrics Ranking of World Universities" is an initiative of the Cybermetrics Lab, a research group belonging to the Consejo Superior de Investigaciones Científicas (CSIC), the largest public research body in Spain. CSIC is among the first basic research organizations in Europe. The CSIC consisted in 2006 of 126 centers and institutes distributed throughout Spain.
