Actuarial Science BSc

Entry Requirements

The University offers as its normal entry routes:

• entry at Level 1, mainly for students with Scottish Highers (or similar)
• entry at Level 2, mainly for students with A-levels (or similar).

There is nevertheless considerable flexibility, depending on the level of qualifications, for entrants with A-levels to opt to enter at Level 1 and for Scottish students to enter at Level 2. Direct entry into Level 3 is also possible for students who already have certain HE qualifications.

Level 1 entry

• Highers: AAAB including Mathematics at A
• A-Levels: ABB including Mathematics at A
• Int. Baccalaureate: 28 points with higher level Mathematics at 6

Level 2 entry

• A-Levels: AAB including Mathematics at A
• Advanced Highers: ABB including Mathematics at A plus excellent Highers or Scottish Baccalaureate
• Int. Baccalaureate: 30 points with higher level Mathematics at 7

Curriculum

Level 1

• Introduction to Statistical Science;
• Calculus;
• Algebra;
• Professional Development Planning;
• Finance; Economics
• and practical work.

Level 2

• Probability and Statistics;
• Actuarial and Financial Mathematics;
• Linear Algebra;
• Real Analysis;
• Multivariate Calculus;
• Introduction to Numerical Methods
• and practical work.

Level 3

• Financial Mathematics;
• Survival Models;
• Portfolio Theory;
• Life Insurance Mathematics;
• Applied Statistics;
• Stochastic Processes
• and a project.

Level 4

• Risk Theory;
• Financial Risk Management;
• Pension Funds;
• Life Office Practice;
• Financial Economics;
• Further Stochastic Processes;
• Bayesian Inference
• and other statistical topics.