Actuarial Science and Risk Management

The bsc actuarial science and risk management programme has been designed by qualified actuaries to enable students to develop the theoretical and practical skills required to pursue a career as an actuary in the pensions and insurance sectors, or in the wider financial industry.

During the third year of the degree, students complete a 9 to 12 month placement with an actuarial firm. these placements are usually in belfast, dublin, london or the isle of man. example placements include aviva, irish life, spence & partners, scor, the pension protection fund and pramerica. there are a dedicated team of placement officers in the management school who will help you to prepare for placement, and obtain positions of the highest quality.

• Type: Mandatory

• Duration: Contact us for up-to-date information

• Fees: Contact us for up-to-date information

The traditional areas in which actuaries are employed include: pensions industry - actuaries are involved in the management and valuation of pension scheme liabilities (for regulatory purposes). they are also involved in new design and restructuring of pension schemes, deficit management and any requirements of regulatory change on pension schemes. investment industry - actuaries are involved in a wide variety of work such as pricing financial derivatives, working in fund management or working in quantitative investment research. life and non-life insurance industries - actuaries design new insurance policies and calculate premium rates for the protection of life (whole life or term assurance) or personal items (car insurance or buildings and contents). actuaries also perform reserving calculations to demonstrate solvency of the company. employment links graduate employers include: kerr henderson, spence & partners, irish life, invesco, boal & co, willis towers watson, allianz insurance, mercer, axa insurance, deloitte, capita, liberty mutual insurance, pwc, pramerica, metlife, xps.

Work while you study

You can also work on a UK student visa, from 10 to 20 hours per week during the academic year, 40 hours per week or full-time during vacations.

Partnerships

Most universities in Northern Ireland have partnerships with different companies and organisations to ensure their students get enough professional training as students. In addition to increasing their students' chances to get hired by one of the universities. Queen's University Belfast has partnerships with the following companies: