About Actuarial Mathematics Bsc (hons) in University of Liverpool
Actuarial mathematics prepares students to be professionals who use mathematical models to analyse and solve financial problems under uncertainty. Actuaries are experts in the design, financing and operation of insurance plans, annuities, and pension or other employee benefit plans.
In Year Three, you will cover some specialised work in advanced actuarial and financial mathematics. Subsequently, you start to study more advanced ideas in both life and non-life insurance mathematics as well as stochastic modelling, econometrics and finance. This programme is designed to prepare you for a career as an actuary, combining financial and actuarial mathematics with statistical techniques and business topics.
Career prospects
A mathematically-based degree opens up a wide range of career opportunities, including some of the most lucrative professions.
Typical types of work our graduates have gone onto include as an actuarial trainee analyst in the audit practice, a graduate management trainee risk analyst and as a trainee chartered accountant on a graduate business programme. Employers value mathematicians’ high level of numeracy and problem solving skills.
Financial rewards are impressive, research by Pricewaterhouse Coopers revealed that mathematical science graduates earn on average an extra £241,749 over their lifetime than those who leave school after A levels. This is the third highest ‘graduate premium’ of all subject areas.
Recent employers
- Aston University
- Baker Tilly
- Barclays Bank plc
- Deloitte
- EuroMoney Training
- Forrest Recruitment
- Hallidays Chartered Accountants
- Marks and Spencer
- Mercer Human Resource Consulting Ltd
- Mitchell Charlesworth
- Norwich Union
- Transmission Marketing Ltd
- Venture Marketing Group
- Wilson Henry Partnership
- Wolsley Group.
Academic qualification equivalents
English language requirements (one of the below):
- IELTS: A minimum of IELTS band 6.0–7.0, with no component below 5.5.
- TOEFL iBT: 78-88 overall with 19-Listening, Writing, Reading, 21-Speaking.
- PTE: 55-62 with minimum score of 51 in any component
University of Liverpool Highlights
| University Type |
Public |
| Campus Setting |
Urban |
| Establishment Year |
1881 |
| Programs Offered |
400+ UG & PG |
| International Students |
7700+ |
| Mode of Programs |
Full Time; Online |
| Academic Calendar |
Semester based |
| Undergraduate Tuition Fee |
17,400 – 34,550 GBP |
| Postgraduate Tuition Fee |
17,050 – 27,450 GBP |
| Financial Aid |
Scholarships Available |
University of Liverpool Average Tuition Fees And Other Expenses
The estimated fee and cost of living per year for international students is tabulated below:
| Expenses |
Undergraduate (GBP) |
Postgraduate (GBP) |
| Tuition |
17,400 – 34,550 |
17,050 – 27,450 |
| Accommodation |
4,500 – 7,200 |
4,500 – 7,200 |
| Travel (bus/trains/taxis) |
0 – 720 |
0 – 720 |
| Food |
450 – 3,600 |
450 – 3,600 |
| Mobile phone |
45 – 270 |
45 – 270 |
| Leisure/entertainment |
270 – 1,800 |
270 – 1,800 |
| Study costs (books, photocopying) |
90 - 180 |
90 – 180 |
| Laundry |
0 - 180 |
0 – 180 |
| Household bills |
0 - 720 |
0 – 720 |
| Gym membership |
135 - 270 |
135 – 270 |
| Total |
22,890 – 49,490 |
22,540 – 42,390 |
