University of York

What you'll study

This programme builds core actuarial skills in probability, statistics, financial mathematics and life contingencies while developing practical modelling and programming abilities. You will study modules in calculus and linear algebra, probability theory, statistical inference, stochastic modelling, financial mathematics, life insurance and pensions, risk theory and loss models. Practical computing and data modules teach numerical methods, data analysis and use of languages and software commonly used by actuaries such as R and Python, alongside spreadsheet modelling.

The degree is structured to include an integrated industry placement year, typically taken between the second and final year, giving substantial workplace experience in insurance, pensions, consulting, risk management or related finance roles. Teaching combines lectures, seminars and computer labs, with assessed work including problem sets, programming projects, case studies and an individual or group project in the final year that applies actuarial techniques to a realistic problem.

Core modules cover the mathematical foundations required for professional actuarial exams, while advanced options allow you to specialise in areas such as non-life insurance, investment and asset-liability modelling, survival analysis, or advanced stochastic processes. The programme emphasises communication skills, professional conduct and the ability to work with real data — all important for employability in the sector.

Entry requirements

Applicants should demonstrate strong ability in mathematics. Typical accepted qualifications include A-levels (with Mathematics required or further Mathematics recommended), an International Baccalaureate (with a high level mathematics component), or equivalent qualifications from recognised international systems. Admissions tutors will look for high grades in quantitative subjects and evidence of numeracy, analytical thinking and effective written communication.

Other qualifications such as BTECs, access courses or advanced diplomas may be considered where they include substantial quantitative content. Mature applicants and those with relevant work experience are encouraged to apply and may be asked to provide additional evidence of mathematical proficiency. Applicants whose first language is not English are required to demonstrate proficiency in English to a level suitable for degree study.

Career prospects

Graduates typically pursue careers as actuaries in life and non-life insurance, pensions and retirement provision, investment and asset management, reinsurance, risk consulting and data analytics. The industry placement year enhances employability by providing practical experience and employer contacts that often lead to graduate roles or fast-track places on actuarial graduate programmes. Many graduates continue professional development through the Institute and Faculty of Actuaries (IFoA) or other professional bodies, working towards chartered status while gaining practical experience.

Other career pathways include roles in financial services, banking, regulatory bodies, government departments, and data science or analytics roles where the quantitative and modelling skills developed on the programme are in demand. Some students also choose to move into postgraduate study in actuarial science, statistics, financial mathematics or related disciplines.

Why study at University of York

The University of York provides a supportive environment with strong mathematics and statistics teaching, research-informed modules and close links to industry. The programme is designed to align with professional actuarial requirements so students gain exposure to material relevant to professional exams and workplace practice. Small-group teaching components, dedicated computing facilities and access to career services help students prepare for placements and graduate recruitment.

York’s campus community and central career support help students secure and make the most of the integrated placement year. The department encourages collaboration with employers, guest lectures from practitioners and networking opportunities, giving students direct insight into actuarial roles and career paths.