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Overview

Actuaries possess unique mathematical, analytical, communication and management skills for many high-level strategic decisions with a significant impact on legislation, businesses and peoples' lives. They are active not only in insurance, but also in finance and investment.

The BSc Actuarial Science will pave you a way to an actuary, whose daily routine includes: investigating financial accounts, analysing risks, designing actuarial models, and cooperating with other professions. This programme covers a series of modules of Core Principles from the Institute and Faculty of Actuaries UK, and has acquired several exemptions from various international actuarial societies, e.g, SoA.

On completion, you will be a multi-faceted and highly employable graduate. With the skills acquired, you will be highly valued in the insurance industry, as well as many other fields that call for an advanced mathematics degree and problem-solving ability.

Why should I study actuarial science at XJTLU?

  • The actuarial profession is both challenging and hugely rewarding. Financially and statistically trained actuaries are highly in-demand in the insurance industry as well as in a wide range of other profit and non-profit sectors.
  • Earn two BSc titles: an XJTLU degree from the Chinese Ministry of Education and a globally recognised degree from the University of Liverpool, a member of the Russell Group of leading UK universities.
  • The BSc Actuarial Science is accredited by various actuarial societies, including the Institute and Faculty of Actuaries (IFoA), UK as well as the VEE and UCAP from the Society of Actuaries (SOA), North America.
  • Profit from the research-led teaching environment at XJTLU, located in Suzhou, close to China's financial center Shanghai, with opportunities to undertake internships and work placements at Fortune 500 companies.
  • Access to a variety of resources from academic and professional platforms, including Intelligent Computing and Financial Technology Laboratory (ICFT), Research Institute of FinTech (RIFT) and University Library for Statistics and Actuarial Science.
  • Powerful support of professional advice and up-to-date actuarial development from our professional team with members affiliated to IFoA, SoA, CAS and ACCA and other actuarial societies.


Qualification XJTLU BEcon Actuarial Science University of Liverpool BSc Actuarial Science
BSc Actuarial Mathematics
BSc Mathematics with Finance
More about qualifications

Knowledge and skills

"We have a professional team with members, full of working experience, affiliated to IFoA, SOA, CAS and ACCA and other actuarial societies. We are dedicated to support actuarial students with advice and up-to-date actuarial news through classes, academic and social events, student and employer events."

The BSc Actuarial Science will equip you with knowledge and understanding of the concepts, theories and models of actuarial science, through a series of modules including calculus, algebra, probability theory and statistics, business economics, accounting and corporate finance.

The skills you gain on the Actuarial Science undergraduate course will kickstart your actuarial career. These skills include

  • Critical thinking and analysis
  • Problem solving
  • Numeracy and data analysis
  • Mathematical reasoning
  • Communication, presentation and reporting to specialist and non-specialist audiences


The BSc Actuarial Science brings you the art of transferring risks into opportunities, which is an innovative and immersive program combing economics, finances, statistics, data analytics, advanced mathematics, and the core skills essential for entering the actuarial profession.
Chengxiu Ling
Programme director

Modules

This programme is accredited by the Society of Actuaries, and gives you a number of exemptions from the professional certification exams. In addition to a strong grounding in mathematics, the curriculum covers a number of extra courses which have greatly supported my education and career path.
Jiacheng-Xiao
Student, BSc Actuarial Science

Careers

Actuaries measure and manage risk. Actuaries have a deep understanding of mathematics, statistics and business management. With this, they help businesses grow and provide value to their customers. Actuaries help leaders make strategic decisions and consumers prepare for their future.” --Society of Actuaries

Being an actuary or actuarial employee, you have the chance to apply the skills and knowledge you learned in mathematics and statistics to analyze and manage the risks in the real-world challenges, such as New Technologies, Climate Change, Population Growth, Artificial Intelligence, Big Data, Cryptocurrency.

Your career opportunities and fields you will likely enter in the future include:

  • Banking and Financial Services
  • Consulting
  • Demography
  • Enterprise Risk Management
  • Environmental Finance
  • Health and Retirement
  • Investments and Fund Management
  • Pension
  • Predictive Analytics and Data Science
  • Pricing
  • Reinsurance
  • Social Insurance
  • Valuation
  • Wealth Management and Financial Planning

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