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Finance with Actuarial Science at City, University of London - UCAS

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Course summary

The BSc (Hons) Finance with Actuarial Science degree is delivered by Bayes Business School (formerly Cass), one of Europe’s leading business schools. Part of City, University of London, Bayes is ranked amongst the top 6 business schools in the UK*. Actuarial science involves the application of quantitative skills to problems in finance that normally involve risk or uncertainty. If you are fascinated by the financial world and have a passion and talent for mathematics, particularly modelling and probability, the Finance with Actuarial Science degree might be the ideal course for you. The BSc (Hons) Finance with Actuarial Science degree will equip you with financial risk management and analysis skills that will boost your career prospects in investment management, risk management or actuarial science. The focus on investment strategy and portfolio/equity investment management distinguishes this course from standard actuarial science degrees, including our own BSc (Hons) Actuarial Science. Discover the different aspects of the financial world and in particular how assessing and managing risk is vital for success. To develop the skills you need to understand these ideas, you’ll take a mixture of financial, mathematical, statistical and actuarial modules. You will apply your new technical and analytical skills to solve a wide range of business problems. In the first year your focus is on building a firm foundation in mathematics, statistics and economics as you begin to develop your understanding of financial risk. In the second and third years you will broaden your understanding of the financial markets. This will include analysing the various types of financial instruments that are available, how they are valued and how they can be used to provide suitable solutions to financial problems involving risk and return. You will also produce a self-researched final-year project on an area that interests and reflects your ambitions. Many of our lecturers are qualified actuaries and have worked in the finance sector and continue to consult for corporate organisations, so you will benefit from their first-hand knowledge and business experience. As we place a high value on teaching both theory and application, you will emerge from your degree with a good understanding of how to use your newly acquired knowledge in the workplace. All Bayes undergraduate students will also choose from a range of professional experience modules so that when you graduate you are equipped with the knowledge and experience to make you an attractive candidate to employers. You will also take a career-focused module suitable for your chosen course to help you prepare for entering the job market. A key part of this degree is the opportunity to gain professional work experience or a period of study abroad. Students are eligible to apply for a one-year paid work placement during the third year of a four-year sandwich degree course. Bayes students enjoy a wide range of opportunities in business areas such as insurance and risk management, actuarial investment pricing and capital management. Recent placements include: the Association of British Insurers, Aviva/Friends Life, Prudential and Legal & General. Students can alternatively apply to spend one year studying abroad during the third year of a four-year sandwich degree course. Students can apply to study at a business school at one of our prestigious partner universities, including the University of Waterloo, Canada; and the Chinese University of Hong Kong. If you wish to study the BSc (Hons) Finance with Actuarial Science degree, but do not satisfy the entry requirements, the Foundation course can provide students with an entry route onto the programme.

  • Financial Times European Business School Ranking 2022

Modules

Year one In the first year, students study six core modules that provide the foundations for later study, including a mathematics module and introductory courses in financial mathematics, economics, probability and statistics and IT. These modules assume no prior knowledge of the respective subjects beyond those guaranteed by meeting the entry requirements. Core modules:

  • Introduction to actuarial methods and career planning
  • Mathematics for actuarial science
  • Probability and statistics 1
  • Finance and investment mathematics
  • Introduction to economics
  • Introduction to Excel and statistical packages
  • Introduction to VBA for Excel
Year two In year two, the focus moves from mathematics to finance, statistics, probability and actuarial science. Alongside the core modules, students are able to take three elective modules that are based in the areas of finance and actuarial science. Two of the elective modules enable students to gain exemptions from the Institute and Faculty of Actuaries’ professional examination. Core modules:
  • Calculus and linear algebra (mathematics 2)
  • Derivatives, trading and hedging
  • Financial markets
  • Fundamentals of finance
  • Stochastic models
Year three You will spend the third year on placement gaining valuable experience, developing your skills and creating a network in the industry. Year four You will return to Bayes for your final year and be taught four core modules allow students to develop an in-depth understanding of finance, while a wide range of electives cover actuarial science, statistics, business and economics. Students are able to undertake a final-year project in an area relevant to their interests and ambitions, alongside two elective modules. Alternatively students are able to take four electives instead. Those wishing to gain the maximum three exemptions from the Institute and Faculty of Actuaries’ examinations that are offered by this degree must select the elective Advanced contingencies. Core modules:
  • Fixed income portfolio management
  • Financial engineering
  • Asset- Liability Management
Modules are subject to change.

Assessment method

You will be assessed using a variety of methods, depending on module choices including:

  • Coursework
  • Unseen written examinations, taking place at the end of each term (or at the end of a year, if a module is taught over two terms)
  • Class tests
  • Online quizzes and tests, using the Virtual Learning Environment
  • Presentation
  • Group projects, individual projects.
Percentage of the course assessed by coursework: The approximate percentage of the course assessment, is as follows: Year 1 71% written, 4% practical, 25% coursework Year 2 74% written, 0% practical, 26% coursework Year 3 56% written, 0% practical, 44% coursework.


How to apply

Application codes

Course code:
G3N3
Institution code:
C60
Campus name:
Main Site
Campus code:
-

Points of entry

The following entry points are available for this course:

  • Year 1

Entry requirements

Qualification requirements

Please click the following link to find out more about qualification requirements for this course

https://www.bayes.city.ac.uk/study/undergraduate/courses/actuarial-science


Student Outcomes

Operated by the Office for Students
80%
Employment after 15 months (Most common jobs)
95%
Go onto work and study

The number of student respondents and response rates can be important in interpreting the data – it is important to note your experience may be different from theirs. This data will be based on the subject area rather than the specific course. Read more about this data on the Discover Uni website.

Fees and funding

Tuition fees

England £9250 Year 1
Northern Ireland £9250 Year 1
Scotland £9250 Year 1
Wales £9250 Year 1
EU £24500 Year 1
International £24500 Year 1

Tuition fee status depends on a number of criteria and varies according to where in the UK you will study. For further guidance on the criteria for home or overseas tuition fees, please refer to the UKCISA website .

Additional fee information

No additional fees or cost information has been supplied for this course, please contact the provider directly.

Sponsorship information

As a global institution, Bayes Business School aims to foster greater racial diversity in business. Therefore Bayes has launched a new scholarship for undergraduate black British students. We are offering ten scholarships for Black UK-domiciled undergraduate students from lower than average income households. Each scholarship covers the full tuition fee (at home-fee level) and a £6,000 annual stipend for three years. Scholarship holders will also be offered mentoring and support. The Bayes International Scholarship is awarded to students who achieve exceptional grades. The scholarship will be awarded as a discount in the fee amount due in the first year of their study only. City, University of London also offers scholarships for UK students who achieve exceptional grades. The scholarship will likely be awarded as a discount in the fee amount due in the first year of their study only. Please visit www.bayes.city.ac.uk/study/undergraduate/application-and-funding/scholarships for further information about scholarships including eligibility criteria. Eligibility criteria for students starting their studies in September 2024 will be updated in September 2023. Conditions are subject to annual change.

Finance with Actuarial Science at City, University of London - UCAS