Actuaries are widely sought after by more and more students because of their high salary and employment prospects. Next, I would like to introduce the famous actuarial schools in Britain, their application requirements and employment orientation.
Analysis of actuarial specialty in Britain;
Actuarial majors in Britain usually require students to have strong computing ability, so students majoring in mathematics, statistics and physics are generally accepted as undergraduates. Other engineering students with strong computing ability or statistical background are also acceptable. In terms of language requirements, British universities generally require international students to achieve an IELTS score of 6.5, of which each individual score is not less than 6.0.
The British Association of Actuaries was founded in 1948, and 1984 became the Royal Chartered Institute, with a history of 60 years. The courses offered by British actuaries focus on the cultivation of practical problem-solving ability, not just theoretical knowledge; The course content and examination are closely combined with the real political and economic situation. Actuarial science in Britain can be said to be an applied science integrating applied mathematics, economics, accounting, investment, finance and insurance.
According to the outline of the British Actuarial Society, the actuarial specialty includes nine courses. Candidates can study actuarial courses in universities accredited by the Actuarial Society, get accreditation through their own examinations, or directly take the British actuarial qualification examination for accreditation. These nine courses are:
Statistical methods (probability statistics)
Financial mathematics (financial mathematics)
Stochastic modeling (stochastic modeling)
Survival model (survival model)
Life insurance mathematics (actuarial mathematics of life insurance)
Risk theory (risk theory)
Economics (economics)
Finance and financial reporting (finance and financial reporting)
Financial economics (financial economics)
Famous actuarial schools in Britain and their application requirements;
Cass Business School: This business school has both undergraduate and master's degrees in actuarial science.
Cass Business School is located in the center of London and is part of City University of London. Cass Business School has been certified by AMBA, EQUIS and AACSB, and it is one of the top three business schools in the UK 13. Cass Business School offers high-quality undergraduate, master's, MBA and EMBA courses. The main teaching building of the college is located in the center of London, adjacent to major financial institutions around the world. The college offers a wide range of undergraduate courses and the quality of graduate courses is second to none. In recent years, Cass Business School has achieved a high ranking in various rankings. For example, according to the Financial Times ranking of European business schools in 2004, Cass ranked second in the UK and sixth in Europe; The Financial Times ranked European business schools in 2007, and Cass Business School ranked fourth in the UK. Our hospital enjoys a high reputation in the actuarial field and ranks among the top three in the world.
Master of Science Actuarial Science (Actuarial Science)
Entry requirements: You need to obtain a British 2./kloc-0 or above (or equivalent from overseas institutions) in high-quantification courses such as mathematics or statistics to enter this course.
Language requirements: the average IELTS level is 7.0, and the minimum writing level is 6.5.
LSE London School of Economics and Political Science
There is only an actuarial major in the undergraduate stage, but there is no such major in the master's stage at present. London School of Economics and Political Science (LSE), located in London, England, was founded in 1895. It is a social science-oriented university and one of the member colleges of the University of London. It defines itself as "the world's leading social science education and research institution". Its concern for social studies is unique in London University and even in Britain. The London School of Economics and Political Science (LSE) has been called "G5 University Group" together with Oxford University, Cambridge University, London Imperial College London and University College London. It is also a member of Golden Triangle University and Russell University Group. The Guardian once commented on the London School of Economics and Political Science, saying that it and University College London, Imperial College London and King's College "have a reputation in Britain that only Niu Jian can surpass."
Southampton University of Southampton
Master of Science in Actuarial Science
We have established close ties with actuaries' associations and the insurance industry. Students have the opportunity to meet local actuaries through Bournemouth Actuaries Association.
Master of Science Actuarial Science (Actuarial Science)
Entry requirements: first-class or second-class honorary degree or equivalent, in a quantitative discipline (mathematics, statistics, economics, etc.).
Language requirements: IELTS total score is at least 6.5, and each part is at least 6.
University of Manchester
Manda belongs to an ancient British university and a member of the famous Red Brick University. Manda Business School enjoys a world-renowned reputation and has obtained triple certification of AACSB, EQUIS and AMBA. Therefore, it is one of the universities favored by overseas students in China (Weibo). The Master of Science in Actuarial Science requires applicants to have relevant academic background (such as mathematics and statistics). ), degree 2: 1 (equivalent to about 80% of the domestic average of 2 1 1 universities), IELTS requirement 6.5 (writing is not less than 6.0, and other items are not less than 5.5).
Man ranks 29th in the world, and business school ranks 25th in the world.
Master of Science Actuarial Science (Actuarial Science)
Admission requirements: The admission requirements of this course are usually an excellent second-class honorary degree in mathematics/statistics, a science degree with strong quantitative components, a subject with a large amount of mathematics content, or an equivalent overseas qualification in a mathematics subject. In particular, the knowledge of probability and statistics equivalent to a good second-year undergraduate mathematics degree level is necessary to enter the program.
Language requirements: IELTS: 6.5, including at least 6.5 for writing and 5.5 for other parts.
University of Kent
University of Kent, founded in 1965, is located in Canterbury, Kent, southeast England. It is a famous research university. Kent University has close relations with more than 0/00 schools in continental Europe/KLOC, and is known as "the European University in Britain". The University of Kent ranked 16 and 20 15 in the Guardian's British University Rankings in 20 16, and has steadily increased in recent years. The School of Mathematical Statistics is particularly prominent, and the actuarial major is very famous. It is one of the few universities in the UK with the qualification of exemption for British actuaries.
The trump card major of Kent University is actuarial major, and it is one of the only universities in the UK with the qualification of exemption for British actuaries. There are not many actuarial majors in British universities. Many people have many actuarial majors, but they know little about them. Actuarial science mainly uses the learned mathematical statistics skills to solve complex financial problems, evaluate financial risks and formulate corresponding management measures.
The University of Kent offers the following actuarial courses, ranging from undergraduate to master's degree:
1. BSC: A three-year course can also be completed in four years (one of which is an internship year); Students who successfully complete this course and get an average score of 65 or above may be exempted from taking 8 subjects from CT 1 to CT8 * * *.
2. Postgraduate diploma in applied science: a nine-month course; Students who successfully complete this course and get an average score of 65 or above may be exempted from taking 8 subjects from CT 1 to CT8 * * *.
3. Master of Science in Applied Practical Science: one-year course; Students who successfully complete this course with an average score of 60 or above may be exempted from taking CA 1, CA3 and ST related subjects.
According to the exemption of the above courses, China students only need to take three subjects of the British Association of Actuaries after completing the Postgraduate Diploma in Practical Science and the Master of Applied Practical Science from the University of Kent in the UK for two consecutive years.
Most actuarial students are optimistic about the employment situation, and their salary level is also gratifying. The great thing about the actuarial specialty of Kent University is that all its actuarial specialties, including undergraduate, master's and preparatory courses, have been fully certified by the Association of Actuaries and Institutions (IFA), and the British actuarial qualification examination is provided by IFA. Therefore, the curriculum of actuarial specialty in Kent is basically consistent with the examination requirements of IFA. Many times, students in Kent have the privilege of exemption from the British actuary qualification certificate. Of course, the admission requirements of the actuarial major in Kent University are also very strict, requiring a bachelor's degree and a first-class degree in actuarial science; In other words, I have passed the basic skills course of the British actuary qualification examination.
Employment direction of actuarial major in Britain:
Of the 65,438+02,000 active actuaries of the British Association of Actuaries, 57% are in the UK, 9% are in other European countries and 34% are in other countries except Europe. These members include:
33% are engaged in life insurance.
27% are engaged in pension-related work.
18% is engaged in property insurance.
7% is engaged in investment.
15% working in other or unknown fields (including retirees)
In China and Southeast Asia, the first choice for actuaries is life insurance and property insurance companies. But in countries and regions outside Asia, we cover all the above areas.
Property insurance is a rapidly growing field of actuaries, covering various occupations, including insurance companies, consulting companies, reinsurance companies and insurance brokerage institutions.
Let me introduce you to a famous actuarial school in Britain, its application requirements and employment orientation.