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Actuarial Science and Mathematics

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About this course


Course option

3.0years

Full-time | 2021

Subjects

Mathematics

Actuarial science

The BSc in Actuarial Science and Mathematics is accredited by the Institute and Faculty of Actuaries. The course gives a firm foundation in Mathematics, together with specialist course units in Actuarial Science whilst giving you the opportunity to develop team working, communication and leadership skills.

The mathematical skills involved include most of the topics taught to students on the first year of the specialist mathematics degree i.e. covering aspects of pure and applied mathematics and statistics as well as some more general mathematics. As the course progresses, the statistical topics are explored in more detail. Courses in all areas of mathematics are used as a basis for some of the actuarial units.

Although the mathematics topics are more prevalent in the early years of the programme, there are opportunities to select from a wide range of mathematics options in the final year.

The actuarial topics start off with Economics, followed by Finance, and then consider the various actuarial models and contingencies used in the profession.

Supporting skills include options in leadership, enterprise and sustainable energy. These can be taken as options with alternatives including a wide range of mathematics units.

Extra funding

The University of Manchester is committed to attracting and supporting the very best students. We have a focus on nurturing talent and ability and we want to make sure that you have the opportunity to study here, regardless of your financial circumstances.

The Uni


Course location:

University of Manchester

Department:

Department of Mathematics

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.

87%
med
Mathematics
78%
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.

Mathematics

Teaching and learning

76%
Staff make the subject interesting
85%
Staff are good at explaining things
81%
Ideas and concepts are explored in-depth
70%
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

85%
Library resources
81%
IT resources
92%
Course specific equipment and facilities
78%
Course is well organised and has run smoothly

Student voice

Staff value students' opinions
Feel part of a community on my course

Who studies this subject and how do they get on?

60%
UK students
40%
International students
61%
Male students
39%
Female students
81%
2:1 or above
7%
First year drop out rate

Most popular A-Levels studied (and grade achieved)

A*
A
A

Finance

Teaching and learning

68%
Staff make the subject interesting
83%
Staff are good at explaining things
84%
Ideas and concepts are explored in-depth
70%
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

87%
Library resources
89%
IT resources
86%
Course specific equipment and facilities
75%
Course is well organised and has run smoothly

Student voice

Staff value students' opinions
Feel part of a community on my course

Who studies this subject and how do they get on?

31%
UK students
69%
International students
42%
Male students
58%
Female students
82%
2:1 or above
4%
First year 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.

Mathematics

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.

£23,000
med
Average annual salary
93%
med
Employed or in further education
69%
med
Employed in a role where degree was essential or beneficial

Top job areas of graduates

24%
Business, research and administrative professionals
22%
Business, finance and related associate professionals
9%
Teaching and educational professionals

Want to feel needed? This is one of the most flexible degrees of all and with so much of modern work being based on data, there are options everywhere for maths graduates. With all that training in handling figures, it's hardly surprising that a lot of maths graduates go into well-paid jobs in the IT or finance industries, and last year, a maths graduate in London could expect a very respectable average starting salary of £27k. And we're always short of teachers in maths, so that is an excellent option for anyone wanting to help the next generation. And if you want a research job, you'll want a doctorate — and a really good maths doctorate will get you all sorts of interest from academia and finance — and might secure some of the highest salaries going for new leavers from university.

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.

£21,000
med
Average annual salary
93%
low
Employed or in further education
83%
med
Employed in a role where degree was essential or beneficial

Top job areas of graduates

38%
Business, research and administrative professionals
22%
Business, finance and related associate professionals
10%
Sales, marketing and related associate professionals

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.

Mathematical sciences

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

£23k

£23k

£29k

£29k

£34k

£34k

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.

Business and management

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

£23k

£23k

£30k

£30k

£36k

£36k

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.

Explore these similar courses...

Higher entry requirements
University of Essex
Actuarial Science (Including Placement Year)
Bachelor of Science (with Honours) - BSc (Hons)
4.0 years | Full-time | 2021
Lower entry requirements
University of Southampton
Mathematics with Actuarial Science
Bachelor of Science (with Honours) - BSc (Hons)
3.0 years | Full-time | 2021
Nearby University
University of Leeds
Actuarial Mathematics
Bachelor of Science (with Honours) - BSc (Hons)
3.0 years | Full-time | 2021
Same University
University of Manchester
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3.0 years | Full-time | 2021

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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.

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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).

This is the percentage of final-year students at this university who were "definitely" or "mostly" satisfied with their course. We've analysed this figure against other universities so you can see whether this is high, medium or low.

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This information is from the Higher Education Statistics Agency (HESA), for undergraduate students only.

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.

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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.

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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

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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