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Mathematical SciencesUndergraduate study


The table below sets out the current exemption mapping between the professional Core Technical (CT) subjects of the Institute of Actuaries and the corresponding university courses.

We currently offer exemption from all eight Core Technical examinations, one of the few universities in the country to do so.  We will continue to offer exemptions under the IFoA revised curriculum.


 CT TitleCourse CodeCourse TitleWeighting
CT1 Financial Mathematics MATH2040 Financial Mathematics 100%
CT2 Finance and Financial Reporting MANG2014/3019 Accounting and Finance for Non-Specialists 100%
CT3 Probability and Mathematical Statistics MATH1024 Introduction to Probability and Statistics 40%
    MATH2011 Statistical Distribution Theory 40%
    MATH2010 Statistical Methods I 20%
CT4 Models MATH3085 Survival Models 50%
    MATH2012 Stochastic Processes 50%
CT5 Contingencies MATH3063 Actuarial Mathematics I 50%
    MATH3066 Actuarial Mathematics II 50%
CT6 Statistical Methods STAT3010 Statistical Methods in Insurance 100%
CT7 Economics ECON1001/1003 Foundations/Principles of Microeconomics 50%
    ECON1002 Principles of Macroeconomics 50%
CT8 Financial Economics MATH3022 Mathematical Finance 100%


The usual criterion for achieving exemption status is the attainment of a mark of 60% or more in the corresponding module (where several modules contribute to a CT subject, the usual requirement is that the weighted average of the corresponding final module marks should be 60% or more).

This threshold of 60% may be raised (say, to 65%) or lowered (say, to 55%) at the discretion of the profession’s Independent Examiner, who scrutinises each student’s performance and makes recommendations to the profession in respect of exemptions.

Photo of Rameez Afzal
The University of Southampton is the university that gives the most exemptions from the professional actuarial exams, which is valuable for anyone who wants to pursue his/her career in actuarial related field.
Rameez AfzalBSc Mathematics with Actuarial Studies
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