BSc Actuarial Science

General

Read more about this program on the school's website

Program Description

The BSc Actuarial Science programme is designed to produce graduates who are capable of solving real-world problems involving risk and uncertainty using mathematical tools. You will learn how to predict future uncertainty, analyse and evaluate potential risks, and make calculated forecasts for the future.

During the programme, you will study a range of modules in economics, finance, business and mathematics to prepare you for a career working as actuary across a number of industries. Industries, where actuaries are employed, include the insurance, banking and government sectors, where they work to calculate costs, determine premiums, develop derivative products, manage risk, forecast the future and ensure compliance with regulatory laws.

The actuarial profession involves the application of mathematics through probability and statistics tools to analyse risk for future uncertainty.

Why Should I Study Actuarial Science at XJLTU?

  • Gain the skills, knowledge and training needed to prepare for the professional actuarial exams, which are required for actuaries to gain international certification and licensing;
  • Benefit from XJTLU's strategic location in Suzhou, close to China's financial centre Shanghai, with opportunities to undertake internships and work placements at Fortune 500 companies;
  • Study an actuarial programme accredited by the Institute and Faculty of Actuaries, the professional body for actuaries in the United Kingdom;
  • Undertake modules in XJTLU's Department of Mathematical Sciences - the research-led teaching environment in the department will enrich the learning experience of students;
  • Earn two degrees: 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.

Knowledge and skills

By the time you graduate from the BSc Actuarial Science, you will have:

  • a solid understanding of the key areas of actuarial sciences, including;
  • the professional skills required to work as an actuary, pending certification completion;
  • a strong foundation in mathematics, probability and statistics;
  • the ability to analyse risk in a variety of real-world situations.

Numbers

Modules

Year One

UK degrees are three years long whereas in China they are four, therefore we do accept students with certain qualifications directly into Year Two, which is the start of the main academic programme. Most students, however, enter into Year One, which provides you with a range of interesting modules, language classes and core skills for your degree.

Year Two

Compulsory modules:

Optional modules:

Year Three

Compulsory modules:

Optional modules:

Year Four

Compulsory modules:

Optional modules:

Careers

By the time you graduate from the BSc Actuarial Science, you will have:

  • a solid understanding of the key areas of actuarial sciences, including the professional skills required to work as an actuary, pending certification completion.
  • a strong foundation in mathematics, probability and statistics.
  • the ability to analyse risk in a variety of real-world situations.

Fees

International students

RMB 88,000 per academic year.

Early bird discount

All international who accept their offer by 1 May 2020 will automatically qualify for an RMB 8,000 early bird discount

Join a free Chinese language course

We now offer a free summer Chinese language course for all undergraduate and postgraduate students starting their degree in September 2020.

Choose from a two-week, four-week or six-week language course.

Hong Kong, Macao and Taiwan students

RMB 88,000 per academic year.

Early bird discount

All Hong Kong, Taiwan and Macao students who accept their offer by 1 May 2020 will automatically qualify for an RMB 8,000 early bird discount.

Hong Kong, Macao and Taiwan students who apply to XJTLU through the Joint Entrance Examination on the governmental online application system (Education Examination Authority of Guangdong Province) will automatically qualify for an RMB 8,000 early bird discount.

Mainland Chinese students

RMB 88,000 per academic year.

Entry Requirements

International students

Entry into Year One

We welcome applications from high-quality candidates in all subjects with appropriate high school or equivalent qualifications. Students will normally be expected to have a high standing in their high school performance with a minimum ‘B’ average in all subjects as well as relevant subjects.

Entry into Year Two

Students who have completed A-levels or International Baccalaureate (or equivalent) will be considered for entry into Year Two, different programmes have different subject-relevant requirements.

  • A-level: BBB
  • IB Diploma: 30 points
  • Advanced Placement Tests/Subject SATS--High school diploma with a GPA of 3.0 or above, plus:
    • Redesigned SAT: 1280+ (students that took the SATs previous to 2016 will require 1800+) or ACT: 27, and 2 AP examinations: 4+ or 2 SAT subject tests: 600+ or
    • 3 AP examinations: 4+ or
    • 3 SAT subjects: 600+

Hong Kong, Macao and Taiwan students

Students from Hong Kong, Macao and Taiwan may apply with the following:

  • A minimum grade of 400 on the Joint Entrance Examination to Chinese Universities for Overseas Chinese Students and Students from Hong Kong, Macao and Taiwan, or
  • General Scholastic Ability Test (GSAT) ranking of at least the top 50 per cent for 4 subjects, including English and Maths. For detailed information see information in Chinese.

English language requirements

For international applicants, if you are a non-native English speaker, or if you have not previously studied in English, you must have satisfactory English language skills to study at XJTLU. Various English qualifications are accepted:

Year One entry

  • IELTS: 5.0
  • TOEFL: 62 (iBT)

Year Two entry

  • IELTS 6.5
  • TOEFL: 90 (iBT)

English qualifications are not required for students from Hong Kong, Macao and Taiwan who take the Joint Examination or the GSAT.

Students who are entering into Year One with less than IELTS 6.0 or equivalent in their English proficiency will take 10 credits EAP, and students with IELTS 6.5 or above will take five credits EAP.

"The Bachelor of Actuarial Science is an innovative and immersive program that combines elements of economics, finance, statistics, data analytics and advanced mathematics to develop techniques for the management of risk and business decision making."

Chengxiu Ling
Programme Director

How To Apply

Applications should be submitted via our online application system:

  1. Click/tap the apply link
  2. Create an account or log in to your existing account
  3. Complete your application

Once your application account is successfully created, enter all the information required in the application form carefully and make sure the information you provide is correct, complete and up to date. Upload the required documents to the corresponding fields.

You may log-in to view your application form at any time.

For further details of how to successfully apply to study at XJTLU, please visit the how to apply page.

Last updated Apr 2020

About the School

Xi’an Jiaotong-Liverpool University (XJTLU) is an international joint venture university founded by Xi’an Jiaotong University in China and the University of Liverpool in the United Kingdom in 2006. ... Read More

Xi’an Jiaotong-Liverpool University (XJTLU) is an international joint venture university founded by Xi’an Jiaotong University in China and the University of Liverpool in the United Kingdom in 2006. Read less