UCAS code NG30
Studying Actuarial Mathematics at Liverpool will allow you to take your career in any number of directions. Choose this programme and you will become an expert, using mathematical models to solve financial problems.
Mathematics is a fascinating, beautiful and diverse subject to study. It underpins a wide range of disciplines; from physical sciences to social science, from biology to business and finance.
At Liverpool, our programmes are designed with the needs of employers in mind, to give you a solid foundation enabling you to take your career in any number of directions.
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.
This programme is aimed at students who want to work in the world of insurance, financial or governmental services, where actuarial mathematics plays a key role. You will graduate prepared for a career as an actuary, combining financial and actuarial mathematics with statistical techniques and business topics.
You will cover specialised work in advanced actuarial and financial mathematics. You will then study more advanced ideas in both life and non-life insurance mathematics as well as stochastic modelling, econometrics and finance.
We have accreditation from the Institute and Faculty of Actuaries, the professional body for actuaries in the UK.
Institute and Faculty of Actuaries
We have accreditation from the Institute and Faculty of Actuaries. Currently our students can receive exemptions for CS1, CS2, CM1, CM2, CB1 and CB2 of the professional actuarial exams conducted by the Institute and Faculty of Actuaries, the professional body for actuaries in the UK.
With close industry links, excellent teaching and quality content, this course is accredited by the professional Actuarial body The Institute and Faculty of Actuaries.
Discover what you'll learn, what you'll study, and how you'll be taught and assessed.
In year one you will study compulsory modules covering economic principles, algebra, calculus, statistics, mathematical IT skills, finance.
Programme details and modules listed are illustrative only and subject to change.
In the second and subsequent years of study, there is a wide range of modules. Each year you will choose the equivalent of eight modules. We regularly review our teaching so the choice of modules may change.
In addition to the compulsory modules below, you will choose two optional modules.
| Optional modules | Credits |
|---|---|
| DIFFERENTIAL EQUATIONS (MATH221) | 15 |
| METRIC SPACES AND CALCULUS (MATH242) | 15 |
| NUMERICAL METHODS (MATH256) | 15 |
| OPERATIONAL RESEARCH (MATH269) | 15 |
| BECOMING ENTREPRENEURIAL (ULMS254) | 15 |
Programme details and modules listed are illustrative only and subject to change.
You are required to spend the year abroad on an approved placement at a European or overseas partner institution.
Programme details and modules listed are illustrative only and subject to change.
In addition to the compulsory modules, you can choose one module from the optional module list below.
| Optional modules | Credits |
|---|---|
| MATHS SUMMER INDUSTRIAL RESEARCH PROJECT (MATH391) | 15 |
| APPLIED STOCHASTIC MODELS (MATH360) | 15 |
| FURTHER METHODS OF APPLIED MATHEMATICS (MATH323) | 15 |
Programme details and modules listed are illustrative only and subject to change.
You will be taught through a mixture of lectures, tutorials, practical classes, problem classes, private study and supervised project work. In year one, lectures are supplemented by group tutorials and computing work is carried out in supervised practical classes.
Key study skills, presentation skills and group work start in first-year tutorials and are developed later in the programme. The emphasis in most modules is on the development of problem solving skills, which are regarded very highly by employers. Project supervision is on a one-to-one basis, apart from group projects in year two.
Most modules are assessed by a two and a half hour examination in January or May, but many have an element of coursework assessment too. This might be through homework, class tests, mini-project work or key skills exercises.
We have a distinctive approach to education, the Liverpool Curriculum Framework, which focuses on research-connected teaching, active learning, and authentic assessment to ensure our students graduate as digitally fluent and confident global citizens.
The Liverpool Curriculum framework sets out our distinctive approach to education. Our teaching staff support our students to develop academic knowledge, skills, and understanding alongside our graduate attributes:
Our curriculum is characterised by the three Liverpool Hallmarks:
All this is underpinned by our core value of inclusivity and commitment to providing a curriculum that is accessible to all students.
Studying with us means you can tailor your degree to suit you. Here's what is available on this course.
University of Liverpool students can choose from an exciting range of study placements at partner universities worldwide.
Immerse yourself in Chinese culture on an optional additional year at Xi'an Jiaotong Liverpool University in stunning Suzhou.
Spend a summer abroad on a study placement or research project at one of our worldwide partner institutions.
Every student at The University of Liverpool can study a language as part of, or alongside their degree. You can choose:
You will be taught by internationally recognised experts within a friendly department.
Your course will be delivered by the Department of Mathematical Sciences.
From arrival to alumni, we’re with you all the way:
The academic staff in the Department are fantastic and their doors are all open if you want to go and talk to them
Want to find out more about student life?
Chat with our student ambassadors and ask any questions you have.
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:
Recent employers of our graduates are: