UCAS code NG31
Studying Actuarial Mathematics at Liverpool will allow you to take your career in any number of directions. Choose this programme and you will become an expert in using mathematical models to solve financial problems.
The Actuarial Mathematics degree at the University of Liverpool combines advanced mathematics, statistics, finance, and economics to prepare students for careers in managing financial risk. The course develops skills in probability, data analysis, financial modelling, and problem-solving while providing a strong theoretical foundation alongside practical applications in insurance, pensions, banking, and investment. Accredited by the Institute and Faculty of Actuaries, the programme can offer exemptions from some professional actuarial exams, helping graduates progress more quickly towards qualification. With research-led teaching, strong employability support, and a focus on analytical and quantitative skills, the degree equips students for successful careers in the actuarial profession and a wide range of finance and data-driven industries.
This programme is designed to prepare students for a career as an actuary, combining financial and actuarial mathematics with statistical techniques and business topics. It will also prepare students for advanced studies and research in the area of Life and Non-Life insurance.
The programme is accredited by the Institute and Faculty of Actuaries (IFoA), the Professional body for actuaries in the UK. Students can receive exemptions for professional actuarial exams CS1, CS2, CM1, CM2, CB1 and CB2. The recommendation for exemption can be based on the student’s overall performance during the course (accreditation exemption) or on the student’s performance in certain modules of the degree (subject-by-subject exemption).
With close industry links, excellent teaching and quality content, this course is accredited by the professional Actuarial body The Institute and Faculty of Actuaries.
The IMA is the professional learned institute for mathematicians, supporting the advancement of mathematical knowledge and its applications to promote and enhance mathematical practice for the benefit of society.
Discover what you'll learn, what you'll study, and how you'll be taught and assessed.
In year one, you will study compulsory modules covering finance, mathematical IT skills, data analysis and economic principles.
You will also take the following compulsory modules in year one:
MATH113: Core Maths I
MATH111: Mathematical IT skills
ECON127: Economic Principles for Business and Markets
MATH112: Core Maths II
MATH152: Modern Challenges in Data Analysis
ACFI113: Principles of Finance
| Compulsory modules | Credits |
|---|---|
| MATHEMATICAL IT SKILLS (MATH111) | 15 |
Programme details and modules listed are illustrative only and subject to change. This course has been updated for 2027 entry as part of a review of all our programmes. This review has considered refining study pathways, strengthening links with employers, integrating generative AI, developing students’ research skills, and enhancing alignment with our research strengths. Please note, as at all times, the University reserves the right to make reasonable changes, including to content, entry requirements, or fees, or to discontinue programmes. Applicants will be informed of any significant change.
You will study the compulsory modules listed below and choose one other optional module.
Only UK and Republic of Ireland students are eligible to take MATH221.
Programme details and modules listed are illustrative only and subject to change. This course has been updated for 2027 entry as part of a review of all our programmes. This review has considered refining study pathways, strengthening links with employers, integrating generative AI, developing students’ research skills, and enhancing alignment with our research strengths. Please note, as at all times, the University reserves the right to make reasonable changes, including to content, entry requirements, or fees, or to discontinue programmes. Applicants will be informed of any significant change.
In the final year, you will study compulsory modules including probability, statistical modelling and financial computing. You will also complete a capstone project in mathematics focused on careers.
Programme details and modules listed are illustrative only and subject to change. This course has been updated for 2027 entry as part of a review of all our programmes. This review has considered refining study pathways, strengthening links with employers, integrating generative AI, developing students’ research skills, and enhancing alignment with our research strengths. Please note, as at all times, the University reserves the right to make reasonable changes, including to content, entry requirements, or fees, or to discontinue programmes. Applicants will be informed of any significant change.
You’ll be taught through a diverse blend of engaging teaching methods, including lectures, tutorials, practical classes, video content, interactive learning sessions, independent study, and supervised project work.
The Department of Mathematical Sciences offers a vibrant, stimulating, and supportive learning environment with highly motivated and exceptionally qualified staff, renowned for their world-leading research and teaching.
For the year one semester one module MATH113 (Core Mathematics I), students meet in small groups to discuss problems with academic tutors. These tutorials are also used to develop the students’ abilities to write, present, and discuss complex material. For other modules, small-group tutorials are replaced by problem classes in larger groups, which allow students to develop their problem-solving skills in an interactive environment.
All lecturers are available for one-to-one or small group support during regular office hours. Independent study is an expectation throughout the programme, and students are directed to reading lists and other resources to support this.
Assessment is by end-of-semester examinations and/or continuous assessment. All mathematics modules have a coursework component. Forms of assessment used within the department include problem sheets, class tests, individual and group project work, report and essay writing, individual and group presentations, portfolio creation and reflective writing.
At Liverpool, we take a distinctive approach to education through the Liverpool Learning Framework. This means teaching that is engaging, inclusive and designed to help you succeed during your studies and beyond.
You’ll develop specialist subject knowledge alongside the skills employers value most, including:
Our curriculum is characterised by the three Liverpool Hallmarks:
We also embed key priorities across our curriculum, including AI literacy, employability, and sustainability, helping you prepare for the future and make a positive impact in the world.
We’re committed to creating a supportive and inclusive learning environment where every student can thrive.
Studying with us means you can tailor your degree to suit you. Here's what is available on this course.
University of Liverpool students can choose from an exciting range of study placements at partner universities worldwide.
Immerse yourself in Chinese culture on an optional additional year at Xi'an Jiaotong Liverpool University in stunning Suzhou.
Broaden your world by spending an additional year of study at a partner university abroad following your second year of study.
Spend a summer abroad on a study placement or research project at one of our worldwide partner institutions.
Every student at The University of Liverpool can study a language as part of, or alongside their degree. You can choose:
Actuarial Mathematics BSc (Hons) can be studied through the 2+2 programme by students on the following XJTLU courses. Select your course for further details:
The natural next step for ambitious XJTLU students who want to build a brilliant career.
You will study in the Department of Mathematical Sciences, which offers a vibrant, stimulating, and supportive learning environment with highly motivated and exceptionally qualified staff, renowned for their world-leading research and teaching.
Student support, engagement, inclusion, and belonging are key. Community-building opportunities are embedded throughout all years of study, beginning at welcome week induction and continuing through tutorials, core modules, Peer Assisted Learning sessions and social events (Maths Quiz, Maths Cafe) organised by the Student Community Lead and the MathSoc student society.
From arrival to alumni, we’re with you all the way:
The academic staff in the Department are fantastic and their doors are all open if you want to go and talk to them.
Want to find out more about student life?
Chat with our student ambassadors and ask any questions you have.
There is a high demand for mathematics graduates, as employers value mathematicians’ high level of numeracy and problem-solving skills. This programme is designed for students intending to pursue a career in actuarial practice or research. Students have the opportunity to receive exemptions from The Institute and Faculty of Actuaries, the Professional body for actuaries in the UK. This course will also prepare students for a career in the banking sector, pensions or investment funds, hedge funds, consultancy and auditing firms or government regulators.
Actuarial graduates are in demand because they combine advanced quantitative skills with business understanding. Graduates commonly work in: