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Undergraduate Information Printer-friendly versionBachelor
in Actuarial and Financial Studies (BAFS) The
BAFS (Hons) degree will prepare you for a
professional career in the actuarial or financial
professions, but it has also been designed to be
broader and more diverse than most traditional
programmes in actuarial science. It
takes a combination of strong analytical skills,
business knowledge and understanding of human
behaviour to design and manage programmes that
control risk and guarantee sufficient funds for the
insurance and pension sectors. For example, the
actuary works out the risk (i.e. the likelihood of
an incident such as a fire happening) and calculates
how much the customer should pay for insurance cover
in order to ensure the insurance company has
sufficient funds to pay out if the incident occurs.
The actuary calculates the premium based on the
pattern and trends in the entire marketplace. To
that end the degree will focus on statistics,
mathematics, economics, finance, investment and
related actuarial science and business subjects. Career
Opportunities BAFS
graduates hold a degree with exceptionally good
career prospects in the financial services industry,
and are highly sought after by employers. Most
graduates take positions as actuarial trainees in
the life, pensions, health or general insurance
industry. Although many pursue careers as an
actuary, a significant number of graduates have
established good careers in banking, economics,
management consultancy, accountancy, computer
science and statistics. Postgraduate
Opportunities Graduates
of the BAFS degree programme are eligible to pursue
postgraduate study in Statistics, Economics,
Mathematics, Management Science, Finance and other
specialist business subjects. Should you achieve a
sufficiently high standard in the degree you will
gain some (or all) exemptions from the Core
Technical series examinations of the Further
details on entry requirements and course structure
can be obtained from the universities course
information website: here
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