PDip Actuarial Science
A firm foundation for studying more advanced actuarial subjects...
Covering the core skills and technical actuarial knowledge required to make a career in industry, the Actuarial Science PDip programme enables you to gain exemptions from subjects CT1 to CT8 of the UK Actuarial Profession's examinations. It could cut short the time taken to qualify as an actuary by as much as three years. Optional modules include training in the use of PROPHET, the industry's leading actuarial software package.
Our Postgraduate Diploma in Actuarial Science, MSc in Applied Actuarial Science and International Master’s are all fully accredited by the Institute and Faculty of Actuaries; they also provide a fast-track route to qualifying as an actuary, because students who achieve a high enough overall mark in these programmes can obtain exemptions from the professional examinations included within their studies.
The PDip covers the syllabus of the Core Technical Stage of the professional examinations and offers exemptions from eight subjects (subjects CT1 to CT8 inclusive). Although you only need to take 120 credits (equivalent to a minimum of four subjects leading to the professional examinations) for the Diploma, you can take further subjects for exemption purposes. If you take fewer than 120 credits, you may be eligible for a Postgraduate Certificate in Actuarial Science.
Assessment is usually by a mixture of coursework and examination; exact weightings vary from module to module.
This programme aims to:
- give you the depth of technical appreciation and skills appropriate to a Master’s level programme in actuarial science
- provide successful students with eligibility for subject exemptions from the Core Technical series of examinations of the actuarial profession. This means obtaining a thorough knowledge and understanding of various core actuarial techniques and gaining current knowledge and understanding of the practice of some of the major areas in which actuaries are involved
- ensure you are competent in the use of information technology, and are familiar with computers, together with the relevant software
- introduce you to an appreciation of recent actuarial developments, and of the links between subject theories and their practical application in industry
- prepare you for employment within the actuarial profession and other financial fields
- provide suitable preparation for students who wish to proceed to the MSc in Applied Actuarial Science.
Knowledge and understanding
You will gain knowledge and understanding of:
- statistical, economic or specific actuarial mathematical techniques at an advanced level and their applications to insurance, covering areas such as financial mathematics, financial accounting, survival models, economics, financial economics, time series and stochastic processes
- the actuarial and financial theory and the complex techniques applicable to solve problems in some of the major areas of current professional actuarial practice.
You develop intellectual skills in:
- the ability to demonstrate a systematic understanding of the main body of knowledge for the programme
- the ability to demonstrate advanced skills in calculation and manipulation of the material written within the programme
- the ability to apply a range of concepts and principles in various contexts
- the ability for logical argument using specialised knowledge
- the ability to demonstrate advanced skills in solving problems in complex situations by various appropriate methods.
You gain subject-specific skills in:
- the specific mathematical and statistical techniques used in actuarial science, and in their application to solving actuarial and other financial problems
- the specific information technology and software used in actuarial science (optional learning outcome: this will only apply if you take the Financial Modelling module)
- understanding the practical applications of programme material in insurance and finance
- the ability to develop simple actuarial computer models to solve actuarial problems and to interpret and communicate the results (optional learning outcome: this will only apply if you take the Financial Modelling module).
You will gain the following transferable skills:
- problem-solving skills, relating to qualitative and quantitative information (including cases where information/data is not complete)
- communications skills, covering both written and oral communication to both technical and non-technical audiences
- numeracy and computational skills
- information technology skills such as word-processing and spreadsheet use, internet communication etc
- time-management and organisational skills, as evidenced by the ability to plan and implement efficient and effect modes of working
- study skills needed for advancing knowledge and understanding, for developing new skills and for continuing professional development.
As a guide only, the 2014/15 annual tuition fees for this programme are:
Actuarial Science - PDip at Canterbury:
Full-time: £9145 UK/EU; £12960 Overseas
- Subject area: Actuarial Science
- Award: PDip
- Course type: Taught
- Location: Canterbury
- Mode of study: Full-time only
- Attendance mode: Campus
- Duration: Nine months full-time
- Start: September
- Accredited by: Institute and Faculty of Actuaries
- Total Kent credits: 120
- Total ECTS credits: 60
This school offers programs in:
Last updated August 15, 2016