Home > Study in UK > University of Essex - Colchester Campus > Bachelor of Science in Actuarial Science (with Placement Year)
Bachelor of Science in Actuarial Science (with Placement Year)
University of Essex - Colchester Campus, UK
GBP 21525
Annual Tuition Fee
Free
Application Fee
48 months
Duration
6
IELTS
76
TOEFL
60%
Min GPA
Program Overview
Actuarial science teaches you the art of turning risks into opportunities. Actuaries provide assessments of financial security systems, with a focus on their complexity, their mathematics, and their mechanisms. You benefit from an excellent starting salary, with graduates earning upwards of £30,000 on average.
Our BSc Actuarial Science encourages you to delve into your passions for mathematics and practical problem-solving. Our attractive blend of solid mathematics, an understanding of real-world financial issues, and computing skills provide you with the core skills essential for entering the actuarial profession. You learn the theory and methods used by professional actuaries; on how to apply mathematical and statistical skills to minimise financial risk when the stakes are high, in areas such as commerce, government, insurance and finance.
Study topics including:
- Mathematical finance
- Financial reporting
- Contingencies, risk management and survival analysis
- Pure and applied mathematics
- Statistics
Professional actuaries in the insurance industry, including influential businesses AXA and Buck Consultants, contribute to our employability module and also host students at their offices to show them typical challenges that actuaries face.
Placement year
Alternatively, you can spend your third year on a placement year with an external organisation, where you learn about a particular sector, company or job role, apply your academic knowledge in a practical working environment, and receive inspiration for future career pathways. You will be responsible for finding your placement, but with support and guidance provided by both your department and the placements team.
If you complete a placement year you'll only pay 20% of your usual tuition fee to Essex for that year.
Additional Information
Program Level 4-Year Bachelor's Degree
College/University Processing Time 28 Days
Program Format Full-Time
Post-Study Work Visa (PSWV) 
General Admission Requirement
Academic Requirement
- Minimum Level of Education Required: To be accepted for this program, students must have Standard XII Higher Secondary Certificate.
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Tuition Fee
The values given below are estimated figures, excluding extra charges like material fee, student activity fees, athletic fees, health care, etc., for courses. To know more, please visit the Programs page.
Average Tuition Fee Per Year
21525
Tuition Fee
(GBP)
Free
Application Fee
(GBP)
10224 Per year
Average Cost of Living
(GBP)
The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.
Check program website for more information about funding options.
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