MMath Mathematics and Actuarial Science
About this course
An MMath in Mathematics and Actuarial Science, an integrated master's degree focusing on mathematical methods applied to financial risk and actuarial practice. Core topics include Data Analysis, Statistics, Mathematical Modelling, Research Methods, Financial Analysis, and Artificial Intelligence & Machine Learning. Students may also undertake an optional placement year as part of their studies. The first year covers foundational concepts through Calculus and Analysis 1, Linear Algebra 1, and Probability and Statistics. The second year progresses to Actuarial Modelling 1, Statistical Distributions and Inference, and Fundamentals of Data Science. The third year includes the Actuarial Mathematics Project alongside modules such as Financial Engineering, Liability Modelling, and Markov Processes. Optional modules allow specialisation in areas like Operational Research, Data Mining and Neural Networks, and Advanced Investment Management. Final stages feature advanced compulsory study including the Actuarial Research Project and Actuarial Practice.
Written by AI from the university's course page and module list. It can get details wrong, so check the official course page before you rely on it.
Entry requirements
A level: AAB including Maths
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What students say
Based on about 161 final-year students who answered, across similar courses at this university
- Teaching on my course: 89%
- Learning opportunities: 90%
- Assessment and feedback: 85%
- Academic support: 94%
- Organisation and management: 92%
- Learning resources: 91%
- Student voice: 85%
Do students stay on the course?
Based on about 170 students who started, across similar courses at this university
- Continued on course: 88%
- Left higher education: 10%
- Moved to a lower qualification: 2%
What graduates do next
Based on about 18 graduates who answered, across similar courses at this university (a small group: a rough guide only)
- Working: 70%
- Working and studying: 15%
- Further study: 5%
- Unemployed: 5%
Most common jobs
- Administrative occupations: 15%
- Finance Professionals: 15%
- Business, Research and Administrative Professionals: 15%
- Business and public service associate professionals: 15%
- Elementary occupations: 10%
- Find their work meaningful: 75%
- Feel on track for their future plans: 60%
- Use what they learnt on the course: 60%
Where graduates work (5 years on)
Based on about 50 graduates, across similar courses at this university
- North West: 5%
- Yorkshire and the Humber: 5%
- East Midlands: 15%
- West Midlands: 15%
- East of England: 10%
- London: 35%
- South East: 10%
- Wales: 5%
Who gets in
Based on about 205 students who started, across similar courses at this university
- A levels: 92%
- Baccalaureate: 2%
- Other HE qualification: 3%
- Other qualifications: 2%
Accreditation & quality ratings
- Accredited by the Institute and Faculty of Actuaries for the purpose of exemption from some professional examinations.
TEF 2023 (whole university): Gold overall, Silver for student experience, Gold for student outcomes.
Modules
- Actuarial Research Project
- Actuarial Practice
- Actuarial Modelling Practice
- Actuarial Communications
- Operational Research
- Financial Risk Management
- Corporate Finance
- Generalised Linear Models
- Data Mining and Neural Networks
- Readings in Actuarial Science
- Calculus and Analysis 1
- Linear Algebra 1
- Fundamentals of University Mathematics
- Calculus and Analysis 2
- Linear Algebra 2
- Probability and Statistics
- Business Microeconomics
- Business Macroeconomics
- Actuarial Modelling 1
- Statistical Distributions and Inference
- Actuarial Professional Skills and Employability
- Actuarial Modelling 2
- Fundamentals of Data Science
- Statistical Data Analysis
- Business Finance
- Actuarial Mathematics Project
- Financial Engineering
- Liability Modelling
- Markov Processes
- Survival Models
- Operational Research
- The Management and Shaping of Innovation
- Business Microeconomics
- Generalised Linear Models
- Data Mining and Neural Networks
- Business Macroeconomics
- Advanced Investment Management
Questions about this course
How much do graduates of MMath Mathematics and Actuarial Science at University of Leicester earn?
The median salary is £28,000 after 15 months, £33,000 after 3 years, £44,500 after 5 years. After five years the middle half of graduates earn between £36,500 and £60,000. The £44,500 median after five years is £5,000 more than the UK median for Mathematics.
What do graduates of MMath Mathematics and Actuarial Science at University of Leicester do next?
90% were in work or further study 15 months after finishing (Graduate Outcomes 2023-24).
Are students happy with the teaching on MMath Mathematics and Actuarial Science at University of Leicester?
89% of final-year students were positive about the teaching in the National Student Survey 2025-26.
What grades do I need for MMath Mathematics and Actuarial Science at University of Leicester?
The typical offer is AAB at A level. The average entrant had 113 UCAS points.
Is MMath Mathematics and Actuarial Science at University of Leicester accredited?
Yes. Accredited by the Institute and Faculty of Actuaries for the purpose of exemption from some professional examinations.
Does MMath Mathematics and Actuarial Science at University of Leicester include a placement year or year abroad?
The course has an optional placement year.
How many students continue on MMath Mathematics and Actuarial Science at University of Leicester?
88% of students continued into their second year, and 10% left higher education.