School of Mathematics
FACULTY OF MATHEMATICS AND PHYSICAL SCIENCES
BSc Actuarial Mathematics
UCAS Code: NG31
Typical Offer
AAA or A*AB
AAB, A*BB or A*AC, including Further Maths A-Level
AAB, A*BB or A*AC, including Further Maths AS-Level at
grade A.
In all cases, the first quoted grade is the Mathematics ALevel.
Taught By
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School of Mathematics (parent school)
Leeds University Business School
Programme Structure: Year One
Compulsory modules:
LUBS 1235 Introductory Financial Accounting:
understanding how published information is used to assess
company performance using CORE analysis, based on a
UK quoted company.
LUBS 1245 Introductory Management Accounting:
covering the principles of management accounting and the
numerical aspects of the subject managerial accounting for
business decisions.
Actuarial Profession Exam Exemptions
LUBS 1950 Economic Theory and Applications 1:
causes of poor economic performance are analysed under
the heading of ‘market failure’.
Upon graduation, students can apply for exemptions from
CT1, CT3 and CT5 of the core technical exams; the course
itself covers most of the material from CT1-8.
MATH 1050 Calculus and Mathematical Analysis:
revision of integration and differentiation, and extensions to
more than one dimension.
Variants
MATH 1055 Numbers and Vectors: introducing you to
th
three influential developments from the 19 century –
complex numbers, vectors and the rigorous notion of limit.
The programme is split to a 2:1 ratio between the subjects.
This is a three year full time programme. There is
opportunity to do our Study Abroad or Year in Industry
schemes, which would make the programme a four year
degree.
Programme Aims
Actuaries are experts in the assessment, valuation and
management of risk and uncertainty. They use
mathematical, statistical, financial and economic theory to
solve real business problems, typically involving the
financial impact and likelihood of undesirable events such
as death or natural disasters.
MATH 1331 Linear Algebra with Applications: covering
linear algebra and discrete mathematics, with an emphasis
on their application to financial problems.
MATH 1400 Modelling with Differential Equations:
developing the theory of differential equations and applying
it to produce mathematical models.
MATH 1510 Financial Mathematics 1: introduction to
financial mathematics and the application of mathematics to
financial problems.
MATH 1710 Probability and Statistics I: introducing
probability, random variables and statistical learning.
MATH 1712 Probability and Statistics II: covering
sampling, statistical tests and regression techniques.
BSc Actuarial Mathematics
Programme Structure: Year Two
Compulsory modules:
LUBS 2140 Intermediate Microeconomics
A grounding in microeconomic theory and applications to
consumer behaviour, government policy and regulation.
LUBS 2290 Intermediate Financial Accounting
Covering the financial accounting and reporting required of
companies following the International Accounting
Standards.
LUBS 2610 Intermediate Macroeconomics
Macroeconomics studies inflation rates, unemployment, and
aggregate supply and demand.
MATH 2515 Financial Mathematics 2
Introduction to financial assets, term structure of interest
rates and no-arbitrage pricing.
MATH 2525 Financial Mathematics 3
Looking at futures and option markets, simple asset pricing
models and concepts in risk management.
Further Linear Algebra (develops the notions of an
abstract vector space and linear maps, building on the
theory of matrices) and MATH 3823 Generalised Linear
Models (extensions of linear regression theory, to handle
more complex data sets).
In Business, you must choose 40 credits and can choose
from 14 modules (each 10 or 20 credits). For example, you
could take LUBS 3250 Transnational Corporations in the
World Economy, LUBS 3690 Principles of Taxation or
LUBS 3930 Economics of Business and Corporate
Strategy.
Please note that this programme structure is only confirmed
for current students, and may change for future enrolments.
For further details on all the modules associated with the
programme please see the programme catalogue at:
http://webprod3.leeds.ac.uk/catalogue/dynprogrammes.
asp?P=BS-ACMATH
MATH 2715 Statistical Methods
The study of parameter sets for statistical models, and the
choice of appropriate error distributions.
For further details on the exemptions from the Actuarial
Professional technical exams please see the website below:
www.maths.leeds.ac.uk/home/careers-employment/rssaccreditation/exemption-from-professional-exams
MATH 2750 Introduction to Markov Processes
The study of repeated random processes, with applications
in biological, financial and actuarial sciences.
Important Information
MATH 2775 Survival Analysis
The study of how long it takes for random events to occur,
for example, insurance claims.
A further choice of two or three mathematics modules:
MATH 2016 Analysis, MATH 2080 Further Linear
Algebra, MATH 2210 Introduction to Discrete
Mathematics, MATH 2365 Vector Calculus, MATH 2391
Nonlinear Differential Equations, MATH 2600 Numerical
Analysis, MATH 2640 Introduction to Optimisation,
MATH 2735 Statistical Modelling, MATH 2740
Environmental Statistics and MATH 2900 Maths at Work.
Programme Structure: Year Three
You will undertake a final year project and take options from
a wide range of pure and applied mathematics, statistics
and finances modules in the Business School.
Compulsory modules:
MATH 3510 Actuarial Mathematics 1
MATH 3520 Actuarial Mathematics 2
Information provided by the University such as in
presentations, University brochures and the University
website, is accurate at the time of first disclosure. However,
courses, University services and content of publications
remain subject to change. Changes may be necessary to
comply with the requirements of accrediting bodies or to
keep courses contemporary through updating practices or
areas of study. Circumstances may arise outside the
reasonable control of the University, leading to required
changes. Such circumstances include, industrial action,
unexpected student numbers, significant staff illness (where
a course is reliant upon a person’s expertise), unexpected
lack of funding, severe weather, fire, civil disorder, political
unrest, government restrictions and serious concern with
regard to the transmission of serious illness making a
course unsafe to deliver. After a student has taken up a
place with the University, the University will look to give
early notification of any changes and try to minimise their
impact, offering suitable alternative arrangements or forms
of compensation where it believes there is a fair case to do
so. Offers of a place to study at the University will provide
up to date information on courses.
MATH 3733 Stochastic Financial Modelling
MATH 3802 Time Series
In Mathematics you must choose two or three further
options from a choice of 18 modules, including MATH 2080
The latest key information on courses can be found at
www.leeds.ac.uk/coursefinder
Please check this website before making any decisions.
School of Mathematics
University of Leeds
Leeds, LS2 9JT
United Kingdom
maths.admiss@leeds.ac.uk
www.maths.leeds.ac.uk/undergraduate