Actuarial Science

Actuarial science is one of the most technically demanding and commercially significant professions in the financial world. Actuaries apply advanced mathematical and statistical methods to assess and manage financial risk, working in areas including life and general insurance, pensions, investment, banking, and health economics. The discipline sits at the intersection of mathematics, statistics, economics, and finance, requiring both rigorous quantitative ability and the capacity to communicate complex findings to non-technical audiences and decision-makers.

At the University of York, this three-year, full-time degree draws on the combined expertise of the School for Business and Society and the Department of Mathematics, giving you access to faculty at the forefront of research in both fields. You will develop strong foundations in probability, statistics, financial mathematics, economics, and the actuarial models used in practice, alongside an understanding of the regulatory and commercial contexts within which actuaries work. The programme includes a sandwich year, offering the opportunity to undertake a substantial professional placement in an actuarial or financial services environment, which is invaluable for building practical competence and industry knowledge.

Work placements are embedded in the course, and a year abroad provides the further option to study in a different international context. A typical entry tariff of 152 points reflects the strong mathematical background required for the programme.

Graduates are well positioned to enter the actuarial profession and to work towards chartership with one of the professional actuarial bodies. Career destinations include roles in insurance, reinsurance, consultancy, pensions, investment management, and risk functions within banks and financial institutions. The quantitative and analytical skills developed in this degree also open doors in data science, financial analysis, and economic research, while postgraduate study in actuarial science, financial mathematics, or a related field is a route available to those seeking further specialisation.