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  4. School of Mathematics and Computer Science Undergraduate Courses
  5. Mathematics Undergraduate Courses
  6. Actuarial Science with a Foundation Year, BSc (Hons)

Actuarial Science with a Foundation Year, BSc (Hons)

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Accredited by the Institute and Faculty of Actuaries
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Ensure success in actuarial science with a foundation year

Accredited by the Institute and Faculty of Actuaries

Key Course Details

  • UK
  • International
4 Year Full Time With a Foundation
UCAS Code
N325
Mode of Study
Campus Based
Typical Offer (view equivalents)
CCD
Location
Bay Campus
Start Date Tuition Fees - Year 1
Sep 2023 £ 9,000
4 Year Full Time With a Foundation
UCAS Code
N325
Mode of Study
Campus Based
Typical Offer
CCD - More Information
Location
Bay Campus
Start Date Tuition Fees - Year 1
Sep 2023 £ 18,800
Accredited by the Institute and Faculty of Actuaries
UK Quality Assured

Course Overview

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.

Students who pursue this course will gain a solid foundation the first year in mathematics, business, and study skills. They will be prepared for greater success in the mathematics and management modules that follow.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.

Find out about our Mathematics Scholarships

 

Why Actuarial Science with a Foundation Year at Swansea?

  • Top 300 in the QS World University Rankings 2023
  • World-class facilities for mathematical and computational science
  • The Swansea University Actuarial Science programme is accredited by the Institute and Faculty of Actuaries (IFoA)
  • You will be joining a university that holds a TEF Gold Award, UK Government recognition for teaching excellence100% of publications are world-leading and internationally excellent - Research Excellence Framework (REF) 2021
  • We're 20th in the UK for Overall Satisfaction (NSS 2022)

Actuarial Science at Swansea University is a highly regarded degree that combines the mathematics and management content needed for an intriguing and rewarding career in risk management.

The Swansea University Actuarial Science programme is accredited by the Institute and Faculty of Actuaries (IFoA), so the successful graduate can gain exemptions for up to six IFoA professional exams.

Related courses
BSc Actuarial Science BSc Mathematics for Finance 

Your Actuarial Science with a Foundation Year Experience

  • Our staff are experts in their areas of mathematics with the majority being recognized by the Higher Education Academy with a Fellowship or Senior Fellowship.
  • You will master the ideas and logic of mathematics and their applications and acquire a highly desirable set of transferable skills that will set you apart in the employment marketplace.
  • You will receive high-quality personalised support through small-group tutorials.
  • Elected student representatives make sure that every student voice is heard.
  • The Swansea University Mathematics student society sponsors frequent social and academic events to bring students and staff together.
  • Our Mathematics Department is right next to the beautiful Swansea Bay beachfront, with numerous social and sport opportunities.
  • Our peer mentoring scheme helps new students settle into university and make new friends.
  • The new £32.5M Computational Foundry building at our Bay Campus gives students access to bespoke study and teaching spaces designed by and for mathematicians.
  • Our Mathematics Reading Room provides a quiet study space for mathematics students, as well as housing a departmental library of resources for study and research.

Actuarial Science with a Foundation Year Employment Opportunities

The career of an actuary is regularly voted among the top three job choices based on intellectual stimulation, impact, and financial reward. Resources are available at https://actuaries.org.uk/qualify/become-an-actuary concerning opportunities for actuaries and the path toward becoming an actuary.

A Swansea graduate with exemption from several IFoA professional examinations has a distinct competitive advantage to begin an actuarial career in insurance, risk management, or investment and finance. You might start with a role in financial modelling and statistical interpretation then progress steadily toward becoming a technical leader and business manager.

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Modules

You will study the following compulsory programme of modules in order to build a strong core of mathematics with ample actuarial and business content.

Year 0 (Level 3)

Entry Level 3 / Foundation Year
Compulsory Modules
Module NameModule DurationCreditsModule Code
BusinessSeptember-January15MN-0002
Interactive Learning Skills and CommunicationSeptember-January15MN-0006
StatisticsSeptember-January15MN-0501
EconomicsJanuary-June15MN-0502
Applied Critical ThinkingThe College - Autumn Term (Sep - Dec)15HUM105
Analytical Techniques 1The College - Autumn Term (Sep - Dec)15SCI101
Analytical Techniques 3The College - Spring Term (Jan - April)15MA-012
Fundamentals of ProgrammingThe College - Spring Term (Jan - April)15MA-022

Year 1 (Level 4)

FHEQ 4 Undergraduate / HECert
Compulsory Modules
Module NameModule DurationCreditsModule Code
Introduction to Analysis 1September-January15MA-101
Foundations of AlgebraSeptember-January15MA-111
Accounting for ManagersSeptember-January15MN-1003
Economics for Accounting and FinanceSeptember-January15MN-1014
Introduction to Analysis 2January-June15MA-102
Introductory Linear AlgebraJanuary-June15MA-112
Probability and StatisticsJanuary-June15MA-192
Foundations of FinanceJanuary-June15MN-1502

Year 2 (Level 5)

FHEQ 5 Undergraduate / HEDip

Students choose 120 credits from the following:

Compulsory Modules
Module NameModule DurationCreditsModule Code
Multi-variable analysisSeptember-January15MA-201
Probability TheorySeptember-January15MA-252
Corporate Finance 1September-January15MN-2004
Investments: Assets; Equities and BondsSeptember-January15MN-2066
Metric spaces and measure theoryJanuary-June15MA-202
Credibility, Liability and RuinJanuary-June15MA-274
Statistical Data AnalysisJanuary-June15MA-292
Principles of Financial AccountingJanuary-June15MN-2573
Optional Modules
Optional 

Choose Exactly 0 credits from the following Modules:

Module NameModule DurationCreditsModule CodeGuidance
Professional Development and Career PlanningAcademic Year0MA-203

Year 3 (Level 6)

FHEQ 6 Undergraduate / Honours

Students choose 120 credits from the following:

Compulsory Modules
Module NameModule DurationCreditsModule Code
Cashflows and Interest RatesSeptember-January15MA-345
Financial Mathematics in Discrete TimeSeptember-January15MA-358
Markov Processes and ApplicationsSeptember-January15MA-364
Machine LearningJanuary-June15MA-308
Assurance and annuity January-June15MA-346
Financial Mathematics in Continuous TimeJanuary-June15MA-359
Risk and Survival ModelsJanuary-June15MA-365
Optional Modules
Optional 

Choose Exactly 15 credits from the following Modules:

Module NameModule DurationCreditsModule CodeGuidance
Complex AnalysisSeptember-January15MA-301
Partial Differential EquationsSeptember-January15MA-311
Dadansoddi CymhlygSeptember-January15MAW301

Entry Requirements

Applicants who took Mathematics at A-Level should have CCD.

Applicants who did not study Mathematics at AS or A-Level should have BBC and a B grade for GCSE Mathematics.

Welsh Baccalaureate: Requirements are as for A levels where you can substitute the same non-subject specific grade for the Welsh Baccalaureate Advanced Level Core Grade.

Applicants with a BTEC or 'Access to Science' background are welcomed.

Unfortunately, we are unable to consider applicants with GCSE qualifications alone.

Access to HE (Science): 27 Merits to include Mathematics.

IB: 24 (including 4 in Maths Higher Level).

OS applicants should have CDD equivalent and IELTS 6.0 (all components at least 5.5).

All applications will be considered on an individual basis, and we will look at the whole application when deciding whether to make an offer of a place, including: the balance, nature and quality of A-level, AS and GCSE subjects (or equivalent); personal statement and referee’s comments.

General Studies and Key Skills qualifications are normally excluded from our offers.

  • You will be taught through a combination of lectures, tutorials and coursework throughout the year.  Approximately, there are 17 contact hours per week.
  • You will be assessed through a combination of unseen written examinations, set assignments, presentations and computer lab assignments. 

This course offers some modules taught through the medium of Welsh or bilingually for students who consider themselves to be fluent Welsh speakers. For more details on the provision available see the Welsh Provision expander below.

International/EU Students

Please visit The College website for course information and entry requirements. If you don’t meet the entry requirements of our three-year undergraduate courses, you can join our Foundation or International Year One programmes at The College which will prepare you for your chosen Science degree path at Swansea University.

Click here to apply

How You're Taught

We are proud to provide an outstanding educational experience, using the most effective learning and teaching approaches, carefully tailored to suit the specific needs of your course. Apart from a small number of online-only courses, most of our courses consist of in-person, on-campus teaching, enabling full engagement with your lecturers and fellow students.

Practical skills sessions, lab work seminars, and workshops predominantly take place in person, allowing for group working and demonstrations. We also operate virtual labs and Simulated Learning Environments which will facilitate greater access to training opportunities in the future. However, our approach also includes the use of some online learning to support and enhance traditional face-to-face teaching. 

Online learning may take place ‘live’ using software such as Zoom, allowing you to interact with the lecturer and other students and to ask questions. Lecture recordings also allow for more flexibility to revisit material, to revise for assessments and to enhance learning outside of the classroom. Some modules have extra resources in Canvas, such as videos, slides and quizzes enabling further flexible study.

This course offers some modules taught through the medium of Welsh or bilingually for students who consider themselves to be fluent Welsh speakers. For more details on the provision available see the Welsh Provision expander below.

Welsh Provision

Some provision

There are opportunities for Welsh speakers to study some elements of this course through the medium of Welsh but there is not yet enough provision to reach 40 credits in each year.

Academi Hywel Teifi is here to support you throughout your time at Swansea University. We can offer you:

  • Access to generous Welsh-language study scholarships or bursaries.
  • Access to modules taught wholly or partly in Welsh.
  • Access to the Arwain mobile app for the latest information about Welsh-medium courses and modules available to download free on the App Store and Google Play.
  • An interview through the medium of Welsh when applying for a place.
  • The option to receive your personal correspondence in Welsh, English or bilingually.
  • The option to write and submit your coursework or exams through the medium of Welsh (even if you have chosen to study in English), and your work will be marked in Welsh.
  • A Welsh-speaking Academic Mentor.
  • One-to-one support to improve your academic Welsh language skills.
  • An opportunity to gain an additional free qualification that serves as evidence of your Welsh language ability for future employers.
  • Opportunity to be a member of the Swansea University Branch of the Coleg Cymraeg Cenedlaethol.

To learn more about the above and all the opportunities available to you through the medium of Welsh, visit Academi Hywel Teifi's undergraduate pages.

Professional Body Accreditation

The Swansea University Actuarial Science programme is accredited by the Institute and Faculty of Actuaries (IFoA), so the successful graduate can gain exemptions for up to six IFoA professional exams.

Meet Your Lecturers

You will be taught by our leading academic staff working in areas which include stochastics, algebra, topology, biomathematics, partial differential equations and mathematics education, to name a few.

Our Mathematics department is actively contributing to the United Nations Sustainable Development Goals through world-leading research, in areas such as Cancer research, further mathematics in schools and mathematical and statistical modelling.

Professor Elaine Crooks Head of the School of Mathematics and Computer Science

Professor Vitaly Moroz Head of Department

Dr Kristian Evans Programme Director

Dr Irina Rodionova Admissions Tutor

See all our Mathematics staff

Tuition Fees

Start Date UK International
September 2022 £ 9,000 £ 17,900
September 2023 £ 9,000 £ 18,800

Fees for full time Undergraduate UK students may be increased in subsequent years of study by an inflationary amount determined by Welsh Government.

Fees for full time Undergraduate EU/International students will increase by 3% for each subsequent year of study.

You can find further information of your fee costs on our tuition fees page.

You may be eligible for funding to help support your study. To find out about scholarships, bursaries and other funding opportunities that are available please visit the University's scholarships and bursaries page.

Current students: You can find further information of your fee costs on our tuition fees page.

Funding and Scholarships

You may be eligible for funding to help support your study.

To find out about scholarships, bursaries and other funding opportunities that are available please visit the University's scholarships and bursaries page.

Academi Hywel Teifi at Swansea University and the Coleg Cymraeg Cenedlaethol offer a number of generous scholarships and bursaries for students who wish to study through the medium of Welsh or bilingually. For further information about the opportunities available to you, visit the Academi Hywel Teifi Scholarships and Bursaries page.

Additional Costs

Access to your own digital device/the appropriate IT kit will be essential during your time studying at Swansea University. Access to wifi in your accommodation will also be essential to allow you to fully engage with your programme. See our dedicated webpages for further guidance on suitable devices to purchase, and for a full guide on getting your device set up.

You may face additional costs while at university, including (but not limited to):

  • Travel to and from campus
  • Printing, photocopying, binding, stationery and equipment costs (e.g. USB sticks)
  • Purchase of books or texts
  • Gowns for graduation ceremonies

The tuition fees do not cover the costs of purchasing books or stationery, printing, thesis binding or photocopying costs.

There are no mandatory additional costs specified for this course.

Careers and Employability

Swansea Employability Academy (SEA) will support you at each stage of your career journey helping you build a bright future.

Our career support services include:

  • Employability workshops, employers’ talks, bespoke events and careers fairs
  • Individual advice and guidance from professionally qualified Careers Advisers
  • Help with finding jobs, internships, work placements and volunteering opportunities
  • Access to information resources on a wide range of career management topics
  • Advice and guidance on postgraduate study and funding
  • Funding to support student internship opportunities and Student Society/Club events.

We also provide help and advice for Swansea University Alumni up to two years after you graduate.

Academic Support

As well as subject specific support by college teaching staff and your personal academic mentor, the Centre for Academic Success provides courses, workshops and one-to-one support in areas such as:

  • Academic writing
  • Maths and statistics
  • Critical thinking
  • Time management
  • Digital skills
  • Presentation skills
  • Note taking
  • Revision, memory and exam techniques
  • English language skills (if English is not your first language).

In addition, if you have a Specific Learning Difficulty (SpLD), disability, mental health or medical condition, the Centre for Academic Success have Specialist Tutors to support your learning, working alongside the Disability Office and Wellbeing Service to support all your needs and requirements whilst studying at Swansea University.

Our lecturers operate an ‘open door’ policy so you can chat with them about any concerns you may be having. These do not have to be just course related; our academic staff are there to help you with anything at all during your time in Swansea.

Each course has a student rep. They are there to make sure that every student voice is heard. Their role is to listen and feedback on your opinions, attend regular meetings and make sure that the people who can make changes listen to the people who really matter - you!

We offer both academic mentoring and peer mentoring. All students on our undergraduate courses are assigned an Academic Mentor, who will offer you not only Academic Guidance, but advice on finding and accessing help with personal issues. Our Peer mentoring scheme is in place to help new students settle into university life here at Swansea. You will get a chance to talk to your mentor who can tell you about their experiences as a student and also chat about student life. The peer mentoring scheme is a great way to meet students and widen your friendship circle while at Swansea.

You can also get help with personal issues from our wide range of student support such as CampusLife, Inclusive Student Support Services and The Centre for Academic Success.

Study Abroad and Global Opportunities

To learn more about study abroad, visit our Go Global webpages. Enrolment on a programme with a semester/year abroad does not guarantee you a semester/year abroad placement. Spaces are limited and subject to a competitive selection process. In the event you do not secure a semester/year abroad placement, you will be transferred to the standard variant of your degree scheme without a semester or year abroad.

International summer programmes are open to students from all colleges. Programmes typically range from 2 to 6 weeks, across destinations such as China, Zambia, South Korea, Japan, Canada and across Europe. For more information about programmes and eligibility visit our Summer Abroad webpages.

How to Apply

Apply now – UK, EU and international students.

For further guidance please visit our how to apply pages.

EU students - visa and immigration information is available and will be regularly updated on our information for EU students page.

Application Deadlines

We recommend that you submit your application to our courses as early as you can in advance of our application deadlines. Courses will close earlier than the application deadlines listed if all available places are filled. You can find further information on our Application Deadlines webpage.

Actuarial Science with a Foundation Year, BSc (Hons)

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