Actuarial Science and Mathematics (3 years) [BSc]

Year 3 Programme Structure

The 3rd year of this programme consists of 80 credits of compulsory course units (listed below as a mandatory requirement). Students also take optional MATH course units worth 30 credits in Semester 1 and optional MATH course units worth 10 credits in Semester 2, for a 60/60 split per semester, totalling 120 credits. 

Students may wish to substitute up to 40 credits of MATH optional course units for up to 40 credits of approved non-MATH course units. However note the programme must include at least 100 credits of Level 3 course units, and 80 credits must be of Level 3 MATH course units. Therefore students can take a maximum of 20 credits of Level 2 course units in the 3rd year (note UCIL2**** course units are level 2). Outside course units not listed below will need the permission of the Year Tutor and the appropriate form will need to be completed.

Appropriate MATH options are MATH37001 and MATH39032 while appropriate non-MATH course units are BMAN39001 Financial Derivatives, BMAN30242 Financial Engineering and University College course units. Note students wishing to take these two BMAN course units must have achieved at least 40% at the first attempt in BMAN20242 (but a mark of 50% is preferred for BMAN30091).

Important information: The IFoA (the UK Institute and Faculty of Actuaries) is currently undetaking a review of its curriculum, looking at the study route to become a fully qualified actuary.  For further details and to keep students informed of the status of the review the relevant information is available from http://www.maths.manchester.ac.uk/~kschaik/CR_IFoA.html.  

Details of the current exemption arrangements are available under Section 2 of the Undergraduate Handbook.

Level 3 course units


Description Semester Requirement Credit Rating Level
BMAN30091 - Financial Derivatives 1 Optional 10 3
MATH30011 - Project (Semester One) 1 Optional 10 3
MATH31001 - Linear Analysis 1 Optional 10 3
MATH32001 - Group Theory 1 Optional 10 3
MATH32011 - Commutative Algebra 1 Optional 10 3
MATH32051 - Hyperbolic Geometry 1 Optional 10 3
MATH33011 - Mathematical Logic 1 Optional 10 3
MATH34001 - Applied Complex Analysis 1 Optional 10 3
MATH34011 - Asymptotic Expansions & Perturbation Methods 1 Optional 10 3
MATH35001 - Viscous Fluid Flow 1 Optional 10 3
MATH35021 - Elasticity 1 Optional 10 3
MATH35081 - Symmetry in Nature 1 Optional 10 3
MATH36001 - Matrix Analysis 1 Optional 10 3
MATH36041 - Essential Partial Differential Equations 1 Optional 10 3
MATH36061 - Convex Optimization 1 Optional 10 3
MATH37001 - Martingales with Applications to Finance 1 Optional 10 3
MATH38001 - Statistical Inference 1 Mandatory 10 3
MATH38061 - Multivariate Statistics 1 Optional 10 3
MATH38091 - Statistical Computing 1 Optional 10 3
MATH38141 - Regression Analysis 1 Mandatory 10 3
MATH38181 - Extreme Values and Financial Risk 1 Optional 10 3
MATH38191 - Statistical Modelling in Finance 1 Optional 10 3
MATH39001 - Combinatorics and Graph Theory 1 Optional 10 3
MATH39511 - Actuarial Models 1 1 Mandatory 10 3
MCEL30001 - Tools and Techniques for Enterprise 1 Optional 10 3
UCIL20021 - Leadership in Action Unit 1 Optional 10 3
UCIL20031 - Leadership in Action Online Unit 1 Optional 10 3
BMAN30242 - Financial Engineering 2 Optional 10 3
EART20002 - Manchester Sustainable City Project 2 Optional 10 3
MATH30002 - Mathematics Education 2 Optional 10 3
MATH30022 - Project (Semester 2) 2 Optional 10 3
MATH31042 - Fractal Geometry 2 Optional 10 3
MATH31052 - Topology 2 Optional 10 3
MATH31082 - Riemannian Geometry 2 Optional 10 3
MATH32032 - Coding Theory 2 Optional 10 3
MATH32062 - Algebraic Geometry 2 Optional 10 3
MATH32072 - Number Theory 2 Optional 10 3
MATH34032 - Green's Functions, Integral Equations and Applications 2 Optional 10 3
MATH35012 - Wave Motion 2 Optional 10 3
MATH35032 - Mathematical Biology 2 Optional 10 3
MATH36022 - Numerical Analysis II 2 Optional 10 3
MATH36032 - Problem Solving by Computer 2 Optional 10 3
MATH37012 - Markov Processes 2 Optional 10 3
MATH38032 - Time Series Analysis 2 Mandatory 10 3
MATH38052 - Generalised Linear Models 2 Mandatory 10 3
MATH38072 - Medical Statistics 2 Optional 10 3
MATH39032 - Mathematical Modelling in Finance 2 Optional 10 3
MATH39512 - Actuarial Models 2 2 Mandatory 10 3
MATH39522 - Contingencies 2 2 Mandatory 10 3
MATH39542 - Risk Theory 2 Mandatory 10 3
MCEL30002 - Tools & Techniques for Enterprise 2 Optional 10 3
MCEL30022 - Interdisciplinary Sustainable Development 2 Optional 10 3
MATH30000 - Double Project 1 and 2 Optional 20 3
UCIL20020 - Leadership in Action 20 Credit Unit 1 and 2 Optional 20 3
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