This postgraduate degree programme is designed to provide quantitative graduates with the opportunity to undertake an intensive and coherent programme of specialist education in actuarial science, to gain exemptions from certain of the professional examinations of the Faculty and Institute of Actuaries, the UK professional actuarial body, and to thereby enable graduates of the programme to subsequently enter employment as actuarial analysts with advanced professional standing.
View the programme specification document for this course
 The Faculty and Institute of Actuaries has approved exemption status for the programme in respect of CT1-CT8. Students may obtain these exemptions by performing sufficiently well in the corresponding modules, which are taught within the Postgraduate Diploma only.
The structure of the programme is quite flexible and caters both for students who have no previous actuarial education or experience, and for students who may already have some prior actuarial education or professional actuarial examination passes or exemptions, and each entering student is advised regarding appropriate module selection, according to their individual circumstances. The Postgraduate Diploma (PgDip) programme, which contains all of the taught modules that give rise to professional examination exemptions, may be completed over a period of nine months by full-time study.
Assessment: Examination, coursework, dissertation
Start date: Late September
Applying: University application form with transcripts, two references
Closing date: None
“The university enables the organisation of a number of careers fairs targeting every department along with guest lectures and representatives which helps students network and get involved in their choice of careers thus building that bridge to the professional world.”Anvitha Patalay - PG Dip Actuarial Science
Typical entry requirements
Average applications per place: 5
First or upper second-class honours degree or equivalent, in a quantitative subject (mathematics, statistics, economics, etc)
IELTS score of at least 6.5 overall, with at least 6 in each component (intensive summer language course available if required).
This page contains specific entry requirements for this course. Find out about equivalent entry requirements and qualifications for your country.
Typical course content
PgDip Structure (9 Months: October – June)
Modules chosen from offerings below (each 15 CATS points) to total at least 120 CATS points. Up to 30 CATS points may be chosen from approved alternative modules in related cognate areas. Choice of modules dependent on entering knowledge, professional examination passes, or exemptions.
MSc Structure (Additional 3 Months: July – September)
As above for PgDip structure, with addition of Actuarial Science Research Project (60 CATS) over the summer months and completion of a corresponding Dissertation. Satisfactory completion of PgDip is required to progress to MSc.
Students are required to choose a minimum of 4 modules each semester from the optional modules listed below. In addition, students are required to complete an Actuarial Science Project, which is core to their course.
Please note: This specification provides a concise summary of the main features of the programme and the learning outcomes that a typical
student might reasonably be expected to achieve and demonstrate if s/he takes full advantage of the learning opportunities that are provided.
More detailed information can be found in the programme handbook (or other appropriate guide or website).
Costs associated with this course
Students are responsible for meeting the cost of essential textbooks, and of producing such essays, assignments, laboratory reports and dissertations as are required to fulfil the academic requirements for each programme of study.
There will also be further costs for the following, not purchasable from the University:
|Equipment||Approved Calculators: Candidates may use calculators in the examination room only
as specified by the University and as permitted by the rubric
of individual examination papers. The University approved
model is Casio FX-570 This may be purchased from any
source and no longer needs to carry the University logo.|
|Stationery||You will be expected to provide your own day-to-day
stationery items, e.g. pens, pencils, notebooks, etc. Any
specialist stationery items will be specified under the
Additional Costs tab of the relevant module profile.|
|Books||Where a module specifies core or required texts these should
generally be available on the reserve list in the library.
However due to demand, students may prefer to buy their
own copies. These can be purchased from any source.
Some modules may suggest certain reading texts as optional
background reading. The library may hold copies of such
texts, or alternatively you may wish to purchase your own
copies. Although not essential reading, you may benefit from
these additional reading materials for the module.|
|Printing and copying||In some cases, coursework submissions, such as essays,
projects, and dissertations, are likely to be submitted online.
Where it is not possible to submit online, students will be
required to provide a printed copy. For the MSc dissertation,
two bound printed copies must be submitted, in addition to
submission online. A list of the University printing costs can
be found here:
|Other||Professional Exams: Students who perform sufficiently well in relevant modules
will receive recommendation for exemption from the
corresponding professional exams of the Institute and
Faculty of Actuaries (IFoA), at no cost to the student.
Graduates who subsequently decide to join the IFoA and
claim these exemptions must pay the relevant fees to the
IFoA, details of which may be found here:
In some cases you'll be able to choose modules (which may have different costs associated with that module) which will change the overall cost of a programme to you. Please also ensure you read the section on additional costs in the University’s Fees, Charges and Expenses Regulations in the University Calendar available at www.calendar.soton.ac.uk.