Course Highlights

BSc(Hons) Actuarial Science with Professional Placement is 3 Year Full-Time bespoke, accredited programme combining mathematics, statistics, and business. Here are the top reasons that indicate the importance of opting for actuarial science as your career.

• The profession of being an actuary offers a satisfying and financially rewarding career path across numerous areas such as general insurance, life insurance, pensions, and investment.
• This degree programme combines core mathematics with specialist probability, statistics, actuarial and financial mathematics, and business economics.
• With the understanding of these core concepts, students will understand the predictive modeling in insurance, financial risks, and other specialist concepts.
• Undergraduate students have the opportunity to learn from qualified actuaries who have several years of industry experience.
• Alongside the academic studies, students also pursue a professional development programme for gaining relevant skills and industry knowledge in preparation for a successful career.
• This degree is currently accredited by the Institute and Faculty of Actuaries (IFoA)
• The Queen Mary University of London is one of the prestigious world-class universities with five campuses in London with courses designed to develop students' knowledge and prepare them for a career in a globalized environment.
• Studying in their London campus is an intellectually enriching experience to embrace a culturally diverse environment. 
• QMUL Campus is located at a short distance from the financial hub of London with unlimited access to the world-famous museums, galleries, beautiful parks, West End shows, etc.

Course Eligibility

Key Eligibility Requirements: BSc (Hons) Actuarial Science with Professional Placement. 

• Class 12: Average mark of 85%- 90% or higher (best of 5 academic subjects)
• CBSE, CISCE, or a state board or equivalent: Includes grade A or above in A-Level Mathematics, excluding General Studies. (Grades AAA at A-Level)
• IB board- International Baccalaureate Diploma with a minimum of 36 - 34 points overall, including 6,6,6 - 6,6,5 from three Higher Level subjects. This must include Mathematics at Higher Level. 
• QMUL also considers either mathematics, applications, and interpretation, or mathematics along with analysis and approaches from the higher level. (Slight waiver may be applicable)
• Candidates with relevant work experience and good academic potential are also encouraged to apply for the BSc (Hons) Sustainable Development programme.

Exams: English language requirements

• IELTS grade - An IELTS score of 6.0 overall, including 5.5 in Writing, Reading, Listening, and Speaking, or an equivalent acceptable qualification.

Note: The criteria for selecting the students are the university's sole discretion as per their guidelines.

Course Fees

Course Fees: BSc (Hons) Actuarial Science with Professional Placement - For the intake 2022-23

Note:

• The above values are approximate and are subject to change.
• The hostel charges may vary depending on the choice of accommodation opted by the student.
• The above-mentioned fees and expenses are only for the 1st Year of the course duration.

Career Prospects

• Actuaries are problem-solvers who can think strategically, drawing on their mathematical skills to measure the probability and risk of future events.
• The programme is ideally suited for students who are planning a career as an actuary.
•  In addition, it also offers excellent preparation for other careers in business and finance.
• The School of Mathematical Sciences provides networking opportunities and runs events to help the students identify their potential career options. 
• One can also gain certification in applications such as Microsoft Excel and SAS (Statistical Analysis Software).
• The University has a dedicated careers consultant and an internships coordinator.
• The Queen Mary careers team also offers specialist advice on choosing a career path, finding work experience, internships, and graduate jobs, feedback on CVs, cover letters, application forms, and interview coaching.

These renowned and popular companies have hired recent graduates of the School of Mathematical Sciences.

• Accenture
• Bank of England
• BNP Paribas
• Deloitte
• PWC
• Civil Service
• Direct Line
• Dyson
• FCA
• Goldman Sachs
• KPMG
• Lloyds Banking Group
• Natwest Markets
• J.P Morgan
• Santander

Key Learnings

• You’ll learn through lectures and tutorials and in exercise classes where students work together on problems, discuss ideas and ask questions. 
• Many statistical modules have a practical element, presented in the state–of–art computer labs.
• A combination of coursework, presentations, assignments, essay report writing, in-class tests, independent study, research and project work, and timely assessment make this course a unique opportunity to gain the necessary skills for the professional world.
• With over 60 academic staff passionate about mathematics, the School of Mathematical Sciences is an exciting place to be for those who share the love of mathematical discovery. 
• The university fosters a thriving research culture and a supportive learning environment that puts the needs of the students first.
• The school aims to make your studies enjoyable, challenging and rewarding, and to provide you with every opportunity to build the knowledge and experience you need for future success

Study Benefits

• The School of Mathematical Sciences at the Queen Mary University of London has invested £18m to create an inspiring, collaborative space for our community of students and staff. 
• The building includes high-quality teaching rooms, private and group study areas, and a new social hub.
• You’ll also have access to a purpose-built media suite designed to support student entrepreneurship. 
• This degree is accredited by the Institute and Faculty of Actuaries (IFoA). 
• Successful students gain exemptions from up to six of the seven Core Principles examinations (under the new IFoA Curriculum 2019).
• The active Mathematics Society at QMUL organizes social events, residential trips, talks, and career events. They are also engaged in the wider community and regularly run interactive activities to encourage more students to take mathematics at A-level and degree level.
• The School holds a department-level Athena SWAN Bronze award, which recognizes and celebrates good employment practices for women in mathematics and science education and research.

Core Modules

Foundation year

• International students with Year 12 or a completed international high school certificate qualify for the one-year foundation programme commonly known as the ISEFP.
• The foundation programme offers a range of transferable skills and an opportunity to improve on your knowledge content for relevant Maths and Science subjects.
• You will enroll on a Mathematics BSc with Foundation, which will offer progression to a range of degrees in the School of Mathematical Sciences, including BSc Actuarial Science. 
• Students will be required to meet the progression requirements for admission to BSc Actuarial Science at the end of the graduation programme.

Professional Placement

• When you Apply for the Actuarial Science BSc with Professional Placement to spend a year carrying out paid work in the financial sector as part of your degree, you will enable yourself to stand out from the crowd and secure graduate employment, a placement, which is an excellent opportunity to develop your business skills and put your learning into context.

Year abroad

• When you apply for the Actuarial Science BSc with a Year Abroad, you shall enable yourself for global exposure and the chance to study abroad as part of your degree. 
• Queen Mary has links with universities in Europe, North America, Asia, and Australia (partnerships vary for each degree programme).
• You can do either a year in a professional placement or a year abroad - you cannot combine these options.
• You can complete your Actuarial Science degree in three or four years. If you choose to do a professional placement or year abroad, this will take place in Year 3, and Year 3 modules will instead be studied in Year 4.
• The compulsory modules cover a diverse range of topics and are subject to change. 

Optional Modules

Note: 

• Students seeking exemption from the maximum number of IFoA examinations must take all modules marked with *
• All the modules are subject to change

Scholarships

Queen Mary Global Excellence Scholarships (UG) 

•  Queen Mary Global Excellence Scholarships worth 2000 GBP are for outstanding undergraduate students entering the Faculty of Science and Engineering. 
• This is intended to attract the most talented students from around the world to study at the university.

Important Details

• This scholarship is worth £2,000 for the first year of study only. The scholarship will be deducted directly from tuition fees payable to the university for the first year of your studies. 
• To be eligible to receive the scholarship, students must have achieved overseas equivalents of grades A*AA at A-Level (in the subjects specified in the offer).
• No separate application for this scholarship is required. Successful candidates will be informed of their award via email notification from the Science and Engineering Faculty Department at QMUL.

Children of Alumni Loyalty Award 

The Children of Alumni Loyalty Award is for children of international alumni enrolling for a full-time programme for 1000 pounds with self-funding criteria.

Important Details

• Should be enrolling for a full Bachelors, Master's, or Doctoral degree
• They should be a child of Queen Mary alumnus
• Should pay at least £1000 of your fees (i.e., not total sponsored)
• Should be an overseas fee payer 

Queen Mary Music Scholarships

• QMUL Music Scholarships is a strand of scholarships established in 2014. 
• The scholarship will contribute to the cost of instrumental or vocal tuition for successful scholars for up to a maximum of three years, dependent on satisfactory progress.

Talented Athlete Programme

• The Students’ Union Talented Athlete Programme aims to support high-performing athletes studying for a world-class degree at the Queen Mary University of London.
• Each athlete shall be helped to achieve their degree and performance goals while at Queen Mary. 
• The focus will be on athlete wellbeing and empowering athletes to steer their dual career aspirations.