University of Leicester

Mathematics and Actuarial Science MMath

University of LeicesterLeicester, Campus-based

Course overview

Actuarial Science is the study of risk and uncertainty, usually of a financial and long-term nature. Professionals who work in this industry are called actuaries, and it’s a career that’s regularly voted as a top three choice in job rankings. The strong intellectual challenges combined with the expected financial rewards make this a highly sought-after profession.

Our Mathematics and Actuarial Science degree introduces you to the world of an actuary, allowing you to build your technical mathematical skills, as well as developing your business understanding and helping you to become ready to join the world of industry. The MMath in Mathematics and Actuarial Science degree builds on the BSc and allows you to apply the technical skills you’ve gained to real-world type situations, such as managing risk in a pension scheme, or identifying investments for an insurer. On this degree you will become comfortable with data and with its manipulation, studying core modules on data science and artificial intelligence.

You will also develop great team working skills and persuasive communication techniques. Crucially, you’ll be in a position to know why you are in an organisation and what you can contribute. Completing the BSc degree can lead to you obtaining exemptions from the first tier Core Principles exams of the Institute and Faculty of Actuaries' ( CS1, CS2, CM1, CM2, CB1 and CB2).

If you extend your studies to the MMath, you will study modules which can lead to further exemptions from the three Core Practice exams of the IFoA (CP1, CP2 and CP3). This will help put you firmly on the pathway to becoming an actuary. Other official national and international qualifications considered from across the world.

You can review some of the qualifications we accept on our countries page and English Language equivalencies. If your qualification or country is not listed, please contact us for more information, including the name and result of the qualification you have studied. If you

Key highlights

  • Potential exemptions from IFoA Core Principles exams CS1, CS2, CM1, CM2, CB1, CB2
  • Further potential exemptions from IFoA Core Practice exams CP1, CP2 and CP3
  • Core modules in data science and artificial intelligence
  • Apply skills to real-world cases like pension scheme risk management
  • Develops business understanding, teamwork and persuasive communication skills

Entry requirements

  • A-level: AAB — to include including Maths
  • A-level: ABB — with EPQ; + EPQ at grade B
  • Access to HE Diploma: Pass — Pass Diploma with a minimum of 45 credits at level 3, 30 of which must be at Distinction
  • International Baccalaureate: 30 — Please contact Admissions regarding eligibility International Baccalaureate : Pass Diploma with 30 points including grade 5 in HL Maths.
  • BTEC: DDM — combined with A levels

Scholarships

  • Chancellor’s International Scholarship

    This scholarship, worth £3,000 per year, reflects the University’s commitment to attracting talented students from around the world.

    Up to £3,000

  • Choral Scholarships at Leicester Cathedral

    Leicester Cathedral offers three Choral Scholarships of £1,000 each year to University of Leicester students (undergraduates or postgraduates).

    Up to £1,000

  • Family Loyalty Discount

    10% discount on the tuition fee for each year of your course.

    Up to 10% of fees

  • International Citizens of Change Scholarship

    A £10,000 tuition fee discount will be awarded to 10 undergraduate international fee-paying students starting an undergraduate programme in September 2026 for each year of their course for up to three years.

    Up to £10,000

  • International Undergraduate Merit Scholarship

    This merit-based scholarship, worth £5,000 per year, is offered to international-fee-paying students applying for an undergraduate degree at the University of Leicester who achieve or exceed the academic grades outlined.

  • International Undergraduate Tuition Fee Waiver

  • Music Scholarship

    Music Scholarships of £500 are available for the academic year to cover the cost of music lessons for student musicians who are studying an undergraduate or postgraduate degree in any subject.

    Up to £500

  • Sanctuary Scholarships

    Each Sanctuary Scholarship consists of a tuition fee waiver, and a support package to be confirmed following assessment with our Welfare Service.

  • Sports Scholarships - The Talented Athlete Award

    Financial contribution on agreed items up to £500 (e.g., travel expenses, equipment, specialist coaching, nutritional advice).

Careers this course leads to

  • Actuary
  • Actuarial analyst
  • Pensions actuary
  • Insurance risk analyst
  • Investment analyst
  • Data scientist

Cost of study

UK/Home: £9,790; £10,050 | International: £25,100

Admission

Applications are made through AHZ at no cost. Share your transcripts, English test scores and personal statement, and your AHZ Counsellor will review your profile, submit your application to University of Leicester, and guide you through interview, offer, CAS and visa — right up to enrolment.

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