MMath in Mathematics and Actuarial Science, University of Leicester

Leicester,

48 Months

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About this course

The MMath in Mathematics and Actuarial Science at Leicester is designed to deepen your understanding of actuarial practice beyond the BSc level. It emphasizes applying technical skills to real-world scenarios such as managing risks in pension schemes or identifying investment opportunities for insurers. The course explores risk and uncertainty, develops methods to quantify risks, and prepares students for the professional environment. Additionally, it offers potential exemptions from some Institute and Faculty of Actuaries (IFoA) exams, helping you to get a head start on your actuarial career. The program spans four to five years, depending on whether you choose a year in industry or not, and combines rigorous mathematical education with practical industry insights.

Why this course is highly recommended

The program stands out because it offers more detailed exploration of actuarial practice than a standard BSc, along with opportunities for exam exemptions from the IFoA. It also emphasizes real-world application, making students industry-ready and significantly boosting their employability. With the inclusion of a dedicated module on professional skills and employability, you'll be well-prepared for the workplace. The course’s strong industry connections, experienced faculty, and support for placements enhance the value, making it a strategic choice for those aiming to excel in actuarial and financial careers.

Specialisation

This course uniquely combines advanced mathematics with actuarial science, focusing on risk assessment, financial modeling, and data analysis tailored for careers in insurance, pensions, healthcare, and finance. It builds on foundational mathematical skills while providing specialized knowledge in actuarial practice, helping students develop the expertise needed to excel in risk management and financial decision-making.

Course fees

Application fees

1st year tuition fees

25.86L

Living cost

Degree requirements

Applicants need to meet specific entry criteria including AAB at A/AS-levels with Maths, or equivalent international qualifications such as the IB with Math at HL grade 5, or BTEC Extended Diploma with DDM plus B in A-level Maths. Other qualifications are considered, and there are options for foundational year applicants if criteria are not met. English language proficiency requires IELTS 6.0 or equivalent for international students.

English language test

IELTS

TOEFL

PTE

DUOLINGO

105

Career prospects

Graduates of this program are well-equipped for careers in insurance, pensions, healthcare, banking, and business management. They will have the skills to assess long-term financial risks, analyze data, and communicate effectively. With industry experience and potential exam exemptions, graduates are positioned for roles in risk management, financial analysis, and actuarial work, opening pathways to employment in both the UK and internationally.

FAQs

What is the duration of the course?

The course typically lasts four years, with an optional fifth year if you choose to undertake a Year in Industry.

Are there exam exemptions available?

Yes, this degree offers potential exemptions from core practice subjects (CP1, CP2, and CP3) of the Institute and Faculty of Actuaries (IFoA).

What are the English language requirements for international students?

International students need to have an IELTS score of 6.0 or equivalent. The university also offers courses to improve English language skills if needed.