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Actuarial Science

BSc (Hons) · 3 Years · Full-time · 21/09/2026 · UndergraduateBay Campus

Course summary

If you enjoy mathematics and want to apply your knowledge to solve real-world business problems, then the actuarial science programme at Swansea University is an excellent route to meet your goals.

An actuary is a highly trained and influential business professional who uses advanced mathematical modelling and business understanding to analyse future risks.

Through this three-year BSc degree you will learn the deep mathematics involved in analysing risk along with a wide variety of practical business applications relevant to the actuarial profession. The programme is accredited by the Institute and Faculty of Actuaries (IFoA), so programme modules in mathematics, accounting, finance and economics are aligned with the IFoA professional examinations. Graduates can obtain up to six exemptions from IFoA professional examinations, which is a tremendous head start toward obtaining actuarial employment and succeeding as an actuary.

Your learning will be shaped by inspirational and internationally-renowned business professionals with many years of industry experience including Dr Jafar Ojra, Senior Lecturer in Accounting and Chartered Global Management Accountant.

Modules

In Year 1, you will typically study areas including: Economics for Accounting and Finance, Accounting for Managers, Probability and Statistics & Foundations of Finance.

In Year 2, you will typically study areas including: Probability Theory, Corporate Finance, Credibility, Liability and Ruin & Principles of Financial Accounting.

In Year 3, you will typically study areas including: Cashflows and Interest Rates, Financial Mathematics in Discrete Time, Machine Learning & Risk and Survival Models.

Assessment method

You will be taught through a combination of lectures, tutor-led tutorials and regular (non-assessed) coursework. The final year modules are more student-centred, to reflect a progression in teaching methods appropriate to the subjects taught. Throughout, the learner is encouraged to undertake independent reading both to supplement and consolidate what is being taught/learnt and to broaden knowledge and understanding of the subject.

You will be assessed through a combination of unseen written examinations, set assignments and presentations.

Professional bodies

Professionally accredited courses provide industry-wide recognition of the quality of your qualification.

  • Actuaries, Institute and Faculty of

How to apply

Apply by
14 January

This is the deadline for applications to be completed and sent for this course. If the university or college still has places available you can apply after this date, but your application is not guaranteed to be considered.

Application codes

Course code:
N323
Institution code:
S93
Campus name:
Bay Campus
Campus Code:
B

Points of entry

The following entry points are available for this course:

  • Year 1

International applicants

If you are an International Student, please visit our International pages for more information about entry requirements:- http://www.swansea.ac.uk/international/students/requirements

Open days

Entry requirements

Qualification requirements

UCAS Tariff - 120 points

A level - ABB - BBC

To include a B in Mathematics

Pearson BTEC Level 3 National Extended Diploma (first teaching from September 2016) - DDD

DDD and Grade A in Maths

Access to HE Diploma - Not accepted

Scottish Higher - AABBB

To include A in Maths

International Baccalaureate Diploma Programme - 32 points

To include 6 in HL Maths and 4 in HL English

WJEC Level 3 Advanced Skills Baccalaureate Wales

Swansea University accepts the Advanced Skills Baccalaureate Wales as fully equivalent to x1 A-Level.

Extended Project

We recognise the EPQ as an excellent indicator of success. If you are predicted a Grade B or above in the EPQ, you will receive an offer with a one grade reduction, to include your EPQ with a grade B.

English language requirements

For applicants whose first language is not English we require a minimum overall IELTS score of 6.0 (or equivalent) and no less than 5.5 in each component.

English Language Requirements at Swansea University https://www.swansea.ac.uk/admissions/english-language-requirements/

Contextual admissions

Universities and colleges consider more than grades when assessing applications and may make offers based on a range of criteria. Learn more about contextual offers.

UK applicants who meet course requirements are guaranteed a conditional offer. We assess applications on individual merit. We consider making reduced offers, eg. to Care Leavers or students with extenuating circumstances. We encourage you to disclose any relevant circumstances.

The Advanced Skills Baccalaureate Wales is considered as equivalent to one full A-Level and students can take x2 A-levels alongside this. EPQ students predicted Grade B or above will receive a one-grade offer reduction.

Learn more on the Swansea University website

Historical entry grades data BETA

This section shows the range of grades students (with UK A-Levels or Pearson BTEC Level 3 National Extended Diplomas) who received offers were previously accepted with (learn more). It is designed to support your research but does not guarantee whether you will or won't get a place. Admissions teams consider various factors, including interviews, subject requirements, and entrance tests. Check all course entry requirements for eligibility.

Data from:
This course and 36 other business and management courses
Date range:
2022-2024

Offer rate for UK school & college leavers

99% Students aged 17/18 who applied to this course were offered a place.

This course has a required grade that may not be listed in the data. Check the entry requirements for the full qualification requirements.

How do you compare?

See how students with your grades have been accepted onto this course in the past.

Student Outcomes

Operated by the Office for Students

60 Employment after 15 months (Most common jobs)

85 Go onto work and study

The number of student respondents and response rates can be important in interpreting the data – it is important to note your experience may be different from theirs. This data will be based on the subject area rather than the specific course. Read more about this data on the Discover Uni website.

Fees and funding

Tuition fees

No fee information has been provided for this course

Tuition fee status depends on a number of criteria and varies according to where in the UK you will study. For further guidance on the criteria for home or overseas tuition fees, please refer to the UKCISA website.

Additional fee information

For the latest fee information, please check the individual course page on our website. Our full range of programmes are listed here: https://www.swansea.ac.uk/undergraduate/courses/

Further information on tuition fees can be found here: https://www.swansea.ac.uk/undergraduate/fees-and-funding/tuition-fees/

Sponsorship information

The Mathematics Department will offer prizes/scholarships worth up to a total of £3000 for students starting their university studies in September. The prizes will be awarded on the basis of a competitive two and a half hour examination which will be taken during the Spring. Usually, applicants take the exam in their school or college, but this year arrangements will be made to enable applicants to sit the exam remotely. If you would like to take the exam, you will need to make Mathematics at Swansea one of your UCAS selections.

These scholarships can be used in conjunction with our Excellence and Merit scholarships. If you are interested in taking the scholarship exam, then you should complete and return a Mathematics Scholarship Application us via email. https://www.swansea.ac.uk/maths/scholarships/

Note: The University will also award Excellence Bursaries worth £3,000 to students who achieve AAA at A-level (or equivalent) and £2000 to students who achieve AAB at A level (or equivalent). For further details please see https://www.swansea.ac.uk/undergraduate/scholarships/excellence-bursaries/

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