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City, University of London

Finance with Actuarial Science

UCAS Code: G3N3

Bachelor of Science - BSc

Entry requirements


A level

A,A,A

Must include A Level Maths grade A. Excludes General Studies, Critical Thinking and native language subjects. Please note GCSE English Language grade 5/grade C or other English language proficiency qualification required (For more information on English qualifications please refer to http://www.city.ac.uk/study/undergraduate/applying-to-city/tier-4-english-language-requirements).

Access to HE Diploma

D:30,M:15

Please note this qualification is only accepted for entry onto this course whereby an applicant also holds A Level Maths grade A. Additionally GCSE English Language grade 5/grade C or other English language proficiency qualification required (For more information on English qualifications please refer to http://www.city.ac.uk/study/undergraduate/applying-to-city/tier-4-english-language-requirements).

Cambridge International Pre-U Certificate - Principal

D3,D3,D3

Must include Pre-U Maths grade D3 or above. Excludes General Studies, Critical Thinking and native language subjects. Additionally GCSE English Language grade 5/grade C or other English language proficiency qualification required (For more information on English qualifications please refer to http://www.city.ac.uk/study/undergraduate/applying-to-city/tier-4-english-language-requirements).

International Baccalaureate Diploma Programme

35

Must include Higher Level Maths grade 6 or above. Please note the IB total can include up to 3 bonus/core points and must include a minimum grade 5 in all other subjects. English is required at Standard or Higher level, or other English language proficiency qualification required (For more information on English qualifications please refer to http://www.city.ac.uk/study/undergraduate/applying-to-city/tier-4-english-language-requirements).

Pearson BTEC Level 3 National Extended Diploma (first teaching from September 2016)

DDD

Please note this qualification is only accepted for entry onto this course whereby an applicant also holds A Level Maths grade A*. Additionally GCSE English Language grade 5/grade C or other English language proficiency qualification required (For more information on English qualifications please refer to http://www.city.ac.uk/study/undergraduate/applying-to-city/tier-4-english-language-requirements).

Scottish Higher

A,A,A,A,A

Must include Maths grade A at Advanced Higher Level. Please note this should include a minimum three subjects at Advanced Higher (grades AAA) and a minimum two other subjects at Higher (grades AA). Additionally English at either level or other English language proficiency qualification required (For more information on English qualifications please refer to http://www.city.ac.uk/study/undergraduate/applying-to-city/tier-4-english-language-requirements).

UCAS Tariff

144

About this course


Course option

3.0years

Full-time | 2021

Subjects

Finance

Actuarial science

The BSc (Hons) Finance with Actuarial Science degree is delivered by Cass Business School, one of Europe’s leading business schools. Part of City, University of London, Sir John Cass Business School is one of Europe’s leading business schools and is ranked amongst the top 20 business schools in Europe (1).

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. A key part of this degree is the opportunity to gain professional work experience or a period of study abroad.

All first year Finance with Actuarial Science students are eligible to apply for the Micro-Placements Programme which offers you the opportunity to apply for a 3-5 week summer placement, exposing you to a real-life business environment at a London-based employer. Students are also eligible to apply for a one-year paid work placement during the third year of a four-year sandwich degree course.

Cass 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.

Studying abroad enables students to expand their international network of contacts, develop a wider perspective in the worlds of actuarial science and finance and enhance their career prospects. If you wish to study the BSc (Hons) Finance with Actuarial Science degree at Cass, but do not satisfy the entry requirements, the Foundation course can provide students with an entry route onto the programme.

(1) Financial Times European Business School Ranking 2019

Modules

Year 1
Core modules:
- Mathematics for Actuarial Science 1
- Probability and Statistics 1
- Finance and Investment Mathematics
- Introduction to Economics
- Introduction to Excel and Statistical Packages
- Career planning and applications for actuaries

Year 2
Core modules:
- Calculus and Linear Algebra (Mathematics 2)
- Fundamentals of Finance
- Stochastic Modelling
- Derivatives, Trading and Hedging
- Financial Markets
- Choice of elective modules

Year 3
Core modules:
- Fixed Income Portfolio Management
- Financial Engineering
- Equity Investment Management
- Choice of elective modules

Assessment methods

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.

Tuition fees

Select where you currently live to see what you'll pay:

England
£9,250
per year
EU
£9,250
per year
International
£18,000
per year
Northern Ireland
£9,250
per year
Scotland
£9,250
per year
Wales
£9,250
per year

The Uni


Course location:

City, University of London

Department:

The Business School (formerly Cass)

TEF rating:
Read full university profile

What students say


We've crunched the numbers to see if overall student satisfaction here is high, medium or low compared to students studying this subject(s) at other universities.

82%
med
Finance
82%
med
Actuarial science

How do students rate their degree experience?

The stats below relate to the general subject area/s at this university, not this specific course. We show this where there isn’t enough data about the course, or where this is the most detailed info available to us.

Finance

Teaching and learning

80%
Staff make the subject interesting
92%
Staff are good at explaining things
86%
Ideas and concepts are explored in-depth
81%
Opportunities to apply what I've learned

Assessment and feedback

Feedback on work has been timely
Feedback on work has been helpful
Staff are contactable when needed
Good advice available when making study choices

Resources and organisation

93%
Library resources
92%
IT resources
93%
Course specific equipment and facilities
86%
Course is well organised and has run smoothly

Student voice

Staff value students' opinions

Who studies this subject and how do they get on?

39%
UK students
61%
International students
58%
Male students
42%
Female students
77%
2:1 or above
14%
Drop out rate

Most popular A-Levels studied (and grade achieved)

B
B
B

Actuarial science

Teaching and learning

80%
Staff make the subject interesting
92%
Staff are good at explaining things
86%
Ideas and concepts are explored in-depth
81%
Opportunities to apply what I've learned

Assessment and feedback

Feedback on work has been timely
Feedback on work has been helpful
Staff are contactable when needed
Good advice available when making study choices

Resources and organisation

93%
Library resources
92%
IT resources
93%
Course specific equipment and facilities
86%
Course is well organised and has run smoothly

Student voice

Staff value students' opinions

Who studies this subject and how do they get on?

44%
UK students
56%
International students
55%
Male students
45%
Female students
78%
2:1 or above
7%
Drop out rate

Most popular A-Levels studied (and grade achieved)

A*
A
A

After graduation


The stats in this section relate to the general subject area/s at this university – not this specific course. We show this where there isn't enough data about the course, or where this is the most detailed info available to us.

Finance

What are graduates doing after six months?

This is what graduates told us they were doing (and earning), shortly after completing their course. We've crunched the numbers to show you if these immediate prospects are high, medium or low, compared to those studying this subject/s at other universities.

£28,000
high
Average annual salary
93%
low
Employed or in further education
77%
med
Employed in a role where degree was essential or beneficial

Top job areas of graduates

40%
Business, research and administrative professionals
31%
Business, finance and related associate professionals
8%
Administrative occupations: finance

Over 2,000 students graduated with a degree in finance in 2015, and a sign of the strength of the finance industry, numbers are on the up. Over half of finance graduates go into the finance industry, with accountancy and financial advice roles particularly popular. It's also quite common for finance graduates to go into jobs which require you to take more training and gain professional qualifications — finance graduates who take further study are more likely to be studying accountancy than finance. About a third of graduates start their careers in London - but Glasgow, Manchester and Birmingham are other popular locations for finance graduates to work.

Actuarial science

What are graduates doing after six months?

This is what graduates told us they were doing (and earning), shortly after completing their course. We've crunched the numbers to show you if these immediate prospects are high, medium or low, compared to those studying this subject/s at other universities.

£28,000
high
Average annual salary
93%
low
Employed or in further education
77%
med
Employed in a role where degree was essential or beneficial

Top job areas of graduates

40%
Business, research and administrative professionals
31%
Business, finance and related associate professionals
8%
Administrative occupations: finance

Over 2,000 students graduated with a degree in finance in 2015, and a sign of the strength of the finance industry, numbers are on the up. Over half of finance graduates go into the finance industry, with accountancy and financial advice roles particularly popular. It's also quite common for finance graduates to go into jobs which require you to take more training and gain professional qualifications — finance graduates who take further study are more likely to be studying accountancy than finance. About a third of graduates start their careers in London - but Glasgow, Manchester and Birmingham are other popular locations for finance graduates to work.

What about your long term prospects?

Looking further ahead, below is a rough guide for what graduates went on to earn.

Finance

The graph shows median earnings of graduates who achieved a degree in this subject area one, three and five years after graduating from here.

£27k

£27k

£35k

£35k

£43k

£43k

Note: this data only looks at employees (and not those who are self-employed or also studying) and covers a broad sample of graduates and the various paths they've taken, which might not always be a direct result of their degree.

Actuarial science

The graph shows median earnings of graduates who achieved a degree in this subject area one, three and five years after graduating from here.

£27k

£27k

£35k

£35k

£43k

£43k

Note: this data only looks at employees (and not those who are self-employed or also studying) and covers a broad sample of graduates and the various paths they've taken, which might not always be a direct result of their degree.

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This is the percentage of applicants to this course who received an offer last year, through Ucas.

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This is what the university has told Ucas about the course. Use it to get a quick idea about what makes it unique compared to similar courses, elsewhere.

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Course location and department:

This is what the university has told Ucas about the course. Use it to get a quick idea about what makes it unique compared to similar courses, elsewhere.

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Teaching Excellence Framework (TEF):

We've received this information from the Department for Education, via Ucas. This is how the university as a whole has been rated for its quality of teaching: gold silver or bronze. Note, not all universities have taken part in the TEF.

Have a question about this info? Learn more here

This information comes from the National Student Survey, an annual student survey of final-year students. You can use this to see how satisfied students studying this subject area at this university, are (not the individual course).

We calculate a mean rating of all responses to indicate whether this is high, medium or low compared to the same subject area at other universities.

Have a question about this info? Learn more here

This information is from the Higher Education Statistics Agency (HESA).

You can use this to get an idea of who you might share a lecture with and how they progressed in this subject, here. It's also worth comparing typical A-level subjects and grades students achieved with the current course entry requirements; similarities or differences here could indicate how flexible (or not) a university might be.

Have a question about this info? Learn more here

Post-six month graduation stats:

This is from the Destinations of Leavers from Higher Education Survey, based on responses from graduates who studied the same subject area here.

It offers a snapshot of what grads went on to do six months later, what they were earning on average, and whether they felt their degree helped them obtain a 'graduate role'. We calculate a mean rating to indicate if this is high, medium or low compared to other universities.

Have a question about this info? Learn more here

Graduate field commentary:

The Higher Education Careers Services Unit have provided some further context for all graduates in this subject area, including details that numbers alone might not show

Have a question about this info? Learn more here

The Longitudinal Educational Outcomes dataset combines HRMC earnings data with student records from the Higher Education Statistics Agency.

While there are lots of factors at play when it comes to your future earnings, use this as a rough timeline of what graduates in this subject area were earning on average one, three and five years later. Can you see a steady increase in salary, or did grads need some experience under their belt before seeing a nice bump up in their pay packet?

Have a question about this info? Learn more here