Studying actuarial science in the United Kingdom will teach you how to apply mathematical skills to assess risks and resolve issues and problems for industries such as the insurance and finance industry. With the knowledge you gain from this degree, you can work in places such as banking, corporate finance, investment management, life, healthcare, general insurance, and pensions.

Studying actuarial science in the United Kingdom can be highly competitive. Most universities have strict requirements for screening aspiring students. Therefore, you need to know and prepare the requirements which will enable you to gain admission to study actuarial science in the United Kingdom.

In this piece, I will walk you through the requirements needed to study actuarial science in the United Kingdom.

Requirements for Studying Actuarial Science in the United Kingdom

  1. A-level Certificate

    An A-level certificate is one of the qualifications that can be used to apply for a bachelor’s degree in actuarial science in the UK. However, you must have good grades in your A-level examinations. Therefore, you are required to have grades such as A and B in subjects such as Mathematics, Accounting, English Language.

  2. BTECH

    You can use BTECH as an alternative for A-level in some universities. Therefore, BTECH qualifications in areas such as business, engineering or science can be considered.

  3. International Baccalaureate Diploma

    This requirement is specifically for international students. You must have a minimum of 34-36 points in total to meet the requirement for using the IB Diploma. Additionally, you must have studied mathematics at a higher level.

  4. UCAS Tariff Point

    You need to have a minimum of 160 to 180 in your UCAS points.

  5. English Language Requirements

    You will be required to write an English Language proficiency test if English is not your first language. Additionally, you must show proof of your English proficiency test. You can use English tests such as IELTS or TOEFL. The minimum score for IELTS is 6.5 with no sub-band lower than 6.0. Additionally, the minimum score for TOEFL is 93. However, the test and test score can vary depending on your country and the university you are applying to.

  6. Have Reference Letters

    You must submit at least two reference letters during your application. This reference letter should be from a teacher or an employer. Therefore, reference letters from friends or family will be rejected.

  7. Personal Statement

    Some schools in the UK may require you to write a personal statement. This is an essay that explains why you want to study actuarial science in the UK and your career plans. Additionally, you should check the school’s website to know the amount of words that you need to write in your personal statement.

Requirements to Obtain a Masters in Actuarial Science in the United Kingdom

  1. Have a Bachelor’s Degree

    You must have a bachelor’s degree in disciplines such as Accounting, business, Finance or a related field. Additionally, you must have a minimum of 2:2 to apply for a master’s degree in the United Kingdom.

  2. English Language Entry Requirement

    You will be required to write an English Language proficiency test if English is not your first language. Additionally, you must show proof of your English proficiency test. The minimum score for the IELTS is 7.0 with no sub-band lower than 6.5.

  3. GMAT Score

    This is not a compulsory requirement for most schools in the UK. However, this can give you a higher advantage over other applicants. Therefore, you can have a GMAT score of 650 or above.

  4. Letters of Recommendation

    You must submit at least three recommendation letters during your application. These letters must be gotten from an employer or a previous lecturer. Therefore, recommendation letters from a friend or family will be rejected. You should have two academic recommendation letters and 1 professional recommendation letter.

  5. Write a Statement of Purpose

    You must write a statement of purpose explaining your qualifications, your future plans as well as the reason why you are choosing to study actuarial in the United Kingdom. Additionally, this essay must be 500-words or 1-2 pages long. This can vary depending on the university’s requirements.

  6. Resume/CV

    You need to submit an updated resume or curriculum vitae showcasing your work experience and educational qualifications.

How to Apply

You can apply to study actuarial science in the United Kingdom through the university’s website. Additionally, you need to go through the school’s website and verify the requirements needed by your school of interest. You can apply for the undergraduate program as well as the postgraduate degree.

Duration

The duration for studying actuarial science in the United Kingdom can vary based on the program of your choice and the University. The Undergraduate program that will offer a bachelor’s degree lasts for a minimum of 3-4 years of full-time study. However, a postgraduate program that will offer a master’s degree takes 9 months to 2 years for a full-time and part-time study.

Tuition Fee

The tuition fee for studying actuarial science in the United Kingdom varies based on each University and the program. The average tuition fee for the bachelor’s program is £18,525 -£40,079 annually. Additionally, the average tuition fee for a master’s program is £16,000-£28,900. However, international students will be required to pay higher than this for both programs.

Universities in the United Kingdom that offer Actuarial Science

  1. London School of Economics and Political Science, England
  2. University of York, England
  3. University of Oxford, England
  4. London Business School, England
  5. City, University of London, England
  6. University College London, England
  7. University of Cambridge, England
  8. University of Edinburgh, Scotland
  9. Imperial College London, England
  10. University of Manchester, England
  11. University of Sheffield, England
  12. University of Nottingham, England
  13. University of Warwick, England
  14. University of Southampton, England
  15. University of Reading, England
  16. Newcastle University, England
  17. University of Aberdeen, Scotland
  18. University of Bristol, England
  19. University of Strathclyde, Scotland
  20. Lancaster University, England
  21. University of Leeds, England
  22. King’s College London, England
  23. Heriot-Watt University, Scotland
  24. University of Glasgow, Scotland
  25. University of Bath, England
  26. University of Essex, England
  27. University of Birmingham, England
  28. University of Sussex, England
  29. University of East Anglia, England
  30. Brunel University London, England
  31. University of Liverpool, England
  32. Durham University, England
  33. University of Leicester, England
  34. Cardiff University, Wales
  35. University of Exeter, England

In Conclusion, studying actuarial science in the United Kingdom demands effective screening procedures for most universities. Therefore, you must make your plans ahead and prepare every necessary document that is required. Additionally, you must confirm via the school’s website before applying. You can reach out to us for further questions and assistance.

Good luck!

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