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Mathematical Sciences

G1N3 BSc Mathematics with Actuarial Science (3 yrs)

Mathematicians develop important analytical skills and problem-solving strategies to assess a broad range of issues in commerce, science and the arts.

Mathematical models and simulations, and the interpretation of their results, are being called on increasingly in global decisions, as business, politics and management all become more quantitative in their methods. The application of mathematics is also in demand in the social sciences, particularly economics, where mathematical tools are used to formulate models of the complex interactions in an economic system – in situations as significant as the effect on UK inflation of joining the European single currency.

This degree programme will give you good statistical training and leads to possible exemption from all eight Core Technical professional actuarial examinations. In addition, you will get a solid foundation in mathematics. The degree is ideal if you're thinking about a degree in statistics or finance, but do not wish to just study actuarial science on its own.

Introducing your degree

This programme provides a comprehensive and coherent programme of education in mathematics, statistics, and actuarial science, where you can choose between many final year options in line with interests and future career aims. All of our actuarial science programmes provide students with a professionally-recognised education. By doing sufficiently well in corresponding modules, you can kick-start your career with exemption from CT1-CT8 of the Core Technical professional exams of the Institute and Faculty of Actuaries, which are internationally recognised. Upon graduation you’ll be well equipped to begin an actuarial career with advanced professional standing, or to follow many other careers that require high-level quantitative skills, including those within the wider financial services industry.

Programme Overview

What is this?(More Information)This information is based on historical data and may have been aggregated. Find out more.

Actuaries are the world’s financial architects and engineers. They design, build and maintain financial institutions which can survive fluctuating inflation, rapidly changing interest rates and the problems presented by changing patterns of living and dying, eg both the young dying prematurely from AIDS and pensioners living longer than ever before.

The expertise of an Actuary is vital to the management of pension funds, life assurance societies, merchant banks, general insurance companies, our National Insurance Scheme and to investment by all financial institutions. Actuaries are problem solvers, tackling the uncertainties of future events using their skills in mathematics, probability and statistics. This degree programme will provide you with the technical skills in mathematics and actuarial science required to prepare you for a career as an actuary.

The University of Southampton is one of the few Universities in the country to be able to offer exeptions from all eight Core Technical Examinations from the Faculty and Institute of Actuaries, CT1 - CT8.

Transfer to this programme at the end of the first semester is possible from a number of other programmes in the School.

View the programme specification document for this course

To Apply

All applications for full-time study should be made through UCAS - www.ucas.com.

If you have a question or would like further information, contact our admissions team:

Tel: +44 (0)23 8059 4746
Email: ugapply.fshs@southampton.ac.uk

Accreditation

This programme is one of only four in the UK that can offer all eight exemptions from the professional Core Technical (CT) subjects of the Institute and Faculty of Actuaries. We are one of the top Universities in Europe to be able to offer all eight exemptions.

Key Facts

  • In the 2013 National Student Survey 85% of our BSc Mathematics and Actuarial Science students were satisfied with the learning resources
  • 100% of our research is world-leading or internationally-excellent (REF, 2014)
  • Ranked 4th in the Russell Group for student:staff ratio
  • One of the largest mathematics departments in the UK
  • Wide range of degrees, with flexibility to transfer between programmes
  • Large international cohort

Entry Requirements

Typical entry requirements

A Levels:
QualificationGrade
GCE A-levelIn terms of A-level grades our standard offer is AAA (or AAB with Further Mathematics) or equivalent, including grade A in A-level Mathematics.  Students who are not taking Further Mathematics but who are taking a STEP paper will normally receive an offer of AAB or equivalent including grade A in Mathematics and grade 2 in STEP. For more details of the STEP papers see the Admissions Testing Service Website. We accept any of the three STEP papers.
IB:
QualificationGrade
International Baccalaureate36 points, 18 at higher level, including 6 in higher level mathematics
Cambridge Pre-U

Our normal requirements are for D3D3M1 in the three principle subjects including D3 in Mathematics.

In addition we welcome applications from candidates offering other suitable qualifications with an appropriate mathematical content.

English Language Requirement

All applicants must have GCSE Grade C or above in English language. If English is not your first language you will be required to pass an approved English test. We normally ask for an overall IELTS score of 6.5.

Use of Contextual Data

The University of Southampton is committed to widening participation and ensuring that all students with the potential to succeed, regardless of their background, are encouraged to apply to study with us. The additional information gained through contextual data supports our admissions teams to recognise a student’s potential to succeed in the context of their background and experience. Students identified in this way will be given additional consideration and not be rejected solely on the basis of their predicted (or actual) grades.

Please see our contextual admissions pages for more information.

Selection process:
Intake:
180
Average applications per place:
10

Applicants are selected on the quality of their application. Applicants with a strong academic background and a clear commitment to Mathematics will be considered for an offer based on the quality of their UCAS application.

This page contains specific entry requirements for this course. Find out about equivalent entry requirements and qualifications for your country.

Modules

Typical course content

This degree provides a strong education in mathematics, statistics and actuarial science. We are one of the few universities to hold a substantial exemption recognition agreement with the Institute and Faculty of Actuaries, reducing the average time taken to qualify as an actuary after your degree.

This page gives a brief outline of the structure of the programme. For more details and regulations pertaining to this degree programme see the programme specification link on the Programme Details Tab.

Year 1

Compulsory

Students entering with A-Level Economics take ECON1003; others take ECON1001

MATH1048
Linear Algebra I
MATH1052
Differential Equations
MATH1049
Linear Algebra II
ECON1001
Foundations of Microeconomics
ECON1002
Principles of Macroeconomics
ECON1003
Principles of Microeconomics
Core
MATH1056
Calculus
MATH1024
Introduction to Probability and Statistics

Year 2

In addition to the compulsory modules listed below, students are required to take 3 modules from the list of optional modules from a wide ranging list either in Mathematics, Economics, the Business School or even modules unrelated to your degree programme.

Year 3

As well as the compulsory module listed below, students are required to take FIVE of the following modules over the second two years of study. Part 2: MATH2012 or MANG2014. Part 3: MATH3085, MATH3063, MATH3022, MATH3066 or STAT3010.

Innovation modules outside of your subject area

Our Curriculum Innovation Programme offers you the chance to take optional modules outside of your chosen subject area. This allows you to personalise your education, to develop new skills and knowledge for your future. Modules range from "Living and working on the web" to "Business skills for employability".

View the Curriculum Innovation modules for this course

Learn a language

Some of our courses also give you the option of taking a language module, which can count towards your degree. These modules cover ten languages and range from absolute beginner to near-native speaker level.

View the language modules on offer for this 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).

Career Opportunities

Employability is embedded into modules from the first year onwards and right from the first lecture. We explain the degree skills which are being taught throughout the modules and offer a number of optional employability modules.

Technical skills you will acquire are in great demand, as are the skills of understanding and analysing problems, together with communicating the results.

Our degrees are a passport to vocational and non-vocational careers alike, with recent graduates employed in roles ranging from actuaries and statisticians to crime analysts and medical researchers.

Learning & Assessment

The Department uses a wide variety of modern learning and teaching methods involving small group tutorial work and computer based learning that builds on what you learn in lectures. Assessment is varied enabling you to demonstrate your strengths and show what you have learnt. Students are provided with a copy of the computer algebra package MAPLE that they can use on their own personal computers to assist their studies.

The University provides a wide range of modern services for learning and support, including a well-stocked modern library, a large number of computer workstations giving ready access to the internet, a Careers Service, a Job Shop and a Students Advice and Information Centre.

Find out more

Costs

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:

TypeDescription
EquipmentApproved 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 models are Casio FX-570 and Casio FX-85GT Plus. These may be purchased from any source and no longer need to carry the University logo.
StationeryYou 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.
BooksWhere a module specifies core 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 suggest 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 the additional reading materials for the module.
EquipmentIT - Software Licences: The software required for the programme is available on all public workstations on campus, and accessible from your own computer via VPN.
Printing and copyingIn the majority of cases, coursework such as essays; projects; dissertations is likely to be submitted on line. However, there are some items where it is not possible to submit on line and students will be asked to provide a printed copy. A list of the University printing costs can be found here: https://www.southampton.ac.uk/isolutions/services/copying_for_students_and_visitors/faq.php#594. For students undertaking modules with a high mathematical content, some assessed work will be submitted in handwritten hard copy format. Students are advised that they will need to bear the costs of the required stationery.
OtherProfessional Exams: 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: http://www.actuaries.org.uk

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.

Study Locations

Highfield Campus

Mathematics is based on the University's Highfield Campus in Building ...Find out more

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