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.