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
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
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.
In the 2016 National Student Survey, of our BSc Mathematics with Actuarial Science students:
- 95% agreed that they had been able to contact staff when needed to
Typical entry requirements
|GCE A-level||In 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.|
|International Baccalaureate||36 points, 18 at higher level, including 6 in higher level mathematics|
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.
- Average applications per place:
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.
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.
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.
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).
View the full list of course fees
Course fees for 2016/17 full-time UK and EU undergraduate students are typically £9,000 per year.
Tuition fees for international students differ between each course. Most part-time courses cost 50% of the full-time fee.
Explore funding opportunities
Scholarships, bursaries or grants may be available to support you through your course.
Funding opportunities available to you are linked to your subject area and/or your country of origin.
These can be from the University of Southampton or other sources.
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 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.|
|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 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.|
|Equipment||IT - 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 copying||In 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.|
|Other||Professional 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:
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.