Accreditation

BSc Actuarial Science and Mathematics

The BSc Actuarial Science and Mathematics programme is accredited by the Institute and Faculty of Actuaries (IFA). Students graduating from the programme may be recommended for exemption from up to seven of the Core Technical (CT) subjects. The course units that make up CT1-7 are listed below.

CT1 Financial Mathematics

MATH10951 Financial Mathematics for Actuarial Science 1

MATH20951 Financial Mathematics for Actuarial Science 2 

CT2 Finance and Financial Reporting

BMAN10621(B) Fundamentals of Financial Reporting

BMAN20242 Introduction to Corporate Finance and Financial Instruments 

CT3 Probability and Mathematical Statistics 

MATH20701 Probability 2

MATH20802 Statistical Methods 

MATH38141 Regression Analysis, or MATH48011 Linear Models with Nonparametric Regression

CT4 Models MATH39511 Actuarial Models 
CT5 Contingencies MATH20962 Contingencies 1 

MATH39522 Contingencies 2

 CT6 Statistical Methods 

MATH20972 Actuarial Insurance

MATH38032 Time Series Analysis

MATH38052 Generalised Linear Models

MATH39542 Risk Theory

 CT7 Economics  ECON10041 Microeconomic Principles, or ECON10081 The UK Economy - Microeconomics 

ECON10042 Macroeconomic Principles, or ECON10082 The UK Economy - Macroeconomics

Notes
1. The CT2 course units are optional for this programme. If students choose to take these course units they will be included in the Actuarial Average calculation (see 2 below).
2. The Actuarial Average is the average of the overall marks for all courses listed above (excluding the CT2 course units if a student does not register for these units). If a student gains an Actuarial Average of at least 65% and has passed (at least 40%) in all course units counting towards the average they will recommended to the IFA for all the exemptions CT1-7 (excluding CT2 if they have not chosen the CT2 course units).
3. If a student has an Actuarial Average below 65% or has a mark of less than 40% in one of the course units listed above they will be considered for individual exemptions. The decision on individual exemptions is made by the Independent Examiner from the IFA.
4. Students will be allowed to resit any level 1 or 2 exemption course units with a mark below 40% in the next August resit period. If a resit is not required for progression purposes course unit the exam may be sat during the next academic year.

The following degree programmes are accredited by the Royal Statistical Society (RSS):

MMath/BSc Mathematics
MMath/BSc Mathematics and Statistics
MMath/BSc Mathematics with Financial Mathematics
BSc Mathematics with Business and Management
BSc Mathematics with Finance
BSc Mathematics with a Modern Language

Information on the Graduate Statistician qualification can be found on the RSS website.

The following degree programmes are accredited by the Institute of Mathematics and its Applications (IMA)

MMath/BSc Mathematics
MMath/BSc Mathematics and Statistics
MMath/BSc Mathematics with Financial Mathematics
BSc Mathematics with Business and Management
BSc Mathematics with Finance
BSc Mathematics with a Modern Language

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