BSc Actuarial Sciences (with a Year in Industry)

Why take this course?

The BSc Actuarial Sciences with a year in industry is a four year programme aimed at studious applicants who wish to become actuaries. The course gives you the opportunity to gain exemptions for the first eight (CT1-CT8) professional examinations set by the UK Actuarial Profession. Furthermore, you may use the experience gained during your year in industry to count towards the work based skills requirement of becoming a Fellow of the Institute and Faculty of Actuaries.

Your year in industry will allow you to appreciate the work of actuaries and to apply your knowledge from taught lectures to real world problems. The interaction with industry will also develop your transferable skills such as communication and analytical problem solving skills which in turn will enhance your employability.

Another special feature of this course is that Year 3 is spent in a business placement, working alongside practicing actuaries. It should be noted that we cannot guarantee a work placement for all students as placements are competitively allocated based on performance during the degree course. However, we offer our full support and guidance in the process of looking and applying for placements and have established links with Aviva and other placement providers. Students that do not manage to secure a placement by the end of year 2 are transferred to the three year variant of our BSc Actuarial Sciences.

If you do not meet the standard entry requirement for admission to the Actuarial Science degree, you may be offered a place on our BSc Business Statistics degree. These programmes have a common first year and, subject to adequate performance in year 1, you may be able to transfer to the second year of the Actuarial Science degree.

Contact time

Students have on average 15 hours of contact time per week with teaching staff through lectures, laboratory sessions and seminars, though this may vary depending on module choices. Additionally, students should allocate at least 25 hours per week for study, coursework assignments and projects.

Career opportunities

Students successfully completing the course should have no trouble in finding a well-paid position as an actuary in the UK insurance sector, though they could also pursue a career in Business Statistics or Management. Actuaries are always in demand, are very highly regarded and can command positions of responsibility in all business sectors.

Contact: admissions@uea.ac.uk

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Entry Requirements A Level: AAA-AAB (including A in Maths) International Baccalaureate: 34-33 points overall inc. HL Mathematics at Grade 7 Scottish Highers: AAAAA-AAABB (including Maths) Scottish Advanced Highers: AAA-AAB (including Maths) Irish Leaving Certificate: AAAAAA-AAAABB (including Maths) Access Course: See below European Baccalaureate: 85-80% overall (including Maths) Students for whom English is a Foreign language

We welcome applications from students from all academic backgrounds. We require evidence of proficiency in English (including writing, speaking, listening and reading). Recognised English Language qualifications include:

• IELTS: 6. overall (minimum 5.5 in any component)
• TOEFL: Internet-based score of 78 overall (minimum 20 in Speaking component, 17 in Writing and Listening components and 18 in Reading components.
• PTE: 55 overall (minimum 51 in any component).

If you do not meet the University's entry requirements, our INTO Language Learning Centre offers a range of university preparation courses to help you develop the high level of academic and English skills necessary for successful undergraduate study.

Interviews

We interview all applicants.

Gap Year

We welcome applications from students who have already taken or intend to take a gap year, believing that a year between school and university can be of substantial benefit. You are advised to indicate your reason for wishing to defer entry and may wish to contact the appropriate Admissions Office directly to discuss this further.

Special Entry Requirements

Grade A in A Level Mathematics or equivalent.

Intakes

The School's annual intake is in September of each year.

Alternative Qualifications

We encourage you to apply if you have alternative qualifications equivalent to our stated entry requirement. Please contact us for further information.

Pass the Access to HE Diploma with Distinction in 45 credits at Level 3, including 12 Level 3 credits in Mathematics. GCSE Offer

Students are required to have Mathematics and English Language at minimum of Grade B.

• You will be taught by lecturers from the School of Computing Sciences, School of Mathematics and the Norwich Business School.
• You will also be taught by practicing Actuaries on location at Aviva (the UK’s largest insurer).
• Our Actuarial Science undergraduate degrees give you the opportunity to gain exemptions from the first eight (CT1-CT8) of the professional examinations set by the Actuarial Profession.
• Our year in industry programme provides an invaluable introduction to working in the insurance and finance industry. You may also count this year towards the work based skills requirement of becoming a Fellow of the Institute and Faculty of Actuaries.
• The facilities and student experience in the school are excellent. We have a range of different laboratories for students that cater for the different disciplines taught.
• Our teaching is delivered in a variety of ways including lectures, laboratory classes, seminars and group projects. Our laboratory class and seminars are run with a 1-to-16 staff to student ratio ensuring you can obtain good support.
• Much of our work is concerned with real-world problems and applications and we have excellent links with industry both for our teaching and research.

UniStats Information Fees and Funding Undergraduate University Fees

We are committed to ensuring that Tuition Fees do not act as a barrier to those aspiring to come to a world leading university and have developed a funding package to reward those with excellent qualifications and assist those from lower income backgrounds. Full time UK/EU students starting an undergraduate degree course in 2013 will be charged a tuition fee of £9,000. The level of fee may be subject to yearly increases. Full time International students starting an undergraduate degree course in 2013 will be charged a tuition fee of £14,400. The level of fee may be subject to yearly increases.

Year in Industry Fees

For Home/EU students opting for Year in Industry the tuition fee is currently £1,250. The Year in Industry tuition fee will be subject to an annual increase. International Students are required to pay 25% of their annual tuition fee to UEA during their year in Industry and will be calculated based on the current tuition fee for that year.

Scholarships and Bursaries

Home/EU - The University of East Anglia offers a range of Bursaries and Scholarships. To check if you are eligible please visit http://www.uea.ac.uk/study/undergraduate/finance/university-financial-support.

International Students

The Actuarial Science courses has 4 £2,000 year one scholarships available for 2013 entry. The Scholarship deadline is 15th January 2013. Please contact the Admissions office at cmp.ug.admiss@uea.ac.uk for more information.

The University offers around £1 million of Scholarships each year to support International students in their studies. Scholarships are normally awarded to students on the basis of academic merit and are usually for the duration of the period of study. Our University international pages gives you more details about preparation for studying with us, including Fees and Funding http://www.uea.ac.uk/international.