Students studying the International Foundation Year in Engineering and Technology are now able to progress to a degree in Mathematics and Actuarial Science, preparing them for an exciting career as an actuary.
The University of Leicester offers a BSc Mathematics and Actuarial Science degree to students on the Engineering and Technology pathway at the International Study Centre. Although this degree is specifically designed to prepare students to become actuaries, the skills learnt on this programme are transferable to any industry that requires mathematics skills and a knowledge of risk management. Other industries which benefit from this degree include energy, economics, transportation and the environment.
What is an actuary?
An actuary is a person who analyses information and statistics to calculate insurance risks. Actuaries can be employed by both businesses and the government and are relied upon to evaluate financial risks. Actuaries are experts in data analysis and have excellent business management and communication skills. They are comfortable handling and manipulating data, as well as having strong mathematical skills.
Actuarial Science is often regarded as a strong career choice due to its high rates of guaranteed employment. Being an actuary was rated the No.2 Best Business Job by the U.S. News Best Jobs Rankings 2018. In the UK, the average salary for a graduate or trainee actuary is £33,500 (Glassdoor survey 2018), with Chief Actuaries earning on average £200,000 (Institute and Faculty of Actuaries 2017).
Why study BSc Mathematics and Actuarial Science at Leicester?
Leicester is one of only 12 actuary courses in the UK fully accredited by the Institute and Faculty of Actuaries. Leicester students will learn current actuarial practices from academic researchers and industry practitioners. By completing this degree, students can also obtain exemptions from the first tier of exams from the Institute and Faculty of Actuaries.
No matter what career you progress to, a degree in Mathematics and Actuarial Science will prepare you for success. 90% of Leicester students were in work or further study six months after graduating from Mathematics and Actuarial Science (unistats.ac.uk).
Progressing to the University
To find out more about how you can progress to a Mathematics and Actuarial Science degree at the University of Leicester, visit our programme page for information on our International Foundation Year.