2024 Registration Information

2024 First Year

2024 Second Year

2024 Third Year

2024 BSc Extended programme - Mathematical Sciences

Exemptions 

FAQ's (Frequently Asked Questions)

 

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Registration Information.

2024 Exemptions

 

BSc Actuarial and Financial Mathematics – First Year:

First year students should register for all the following modules in the first semester as well as the second semester.  All modules are compulsory and there are no elective choices in first year.  Note that though you are able to, and should, register for the complete year’s modules, you will have to meet the prerequisites during the first semester to take a module in the second semester.

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BSc Actuarial and Financial Mathematics – Second Year:

Second year students should register for the modules set out below.  Note that all modules are compulsory with the exception of the second semester where you should select either IAS 282 or WTW 221.

If you have not yet passed all your first year modules, you should prepare an updated study plan.  When preparing an updated study plan, you should consider the modules for which you meet the prerequisites as well as the combinations of subjects required to qualify for exemption from the Actuarial Society examinations (see separate exemptions document). 

You need to complete IAS 211 and IAS 282 in the same year to be considered for an A211 exemption and WTW354 and WTW 364 in the same year for an A214 exemption. The other modules do not have any restrictions for exemption purposes. 

Do not construct a plan with too many credits in a semester.  You should discuss your updated plan with the department if you have any questions or concerns.

First semester
Code	Name	Credits
IAS 211	Actuarial mathematics 211 Required: IAS 111, IAS 121, WTW114, WTW123, WTW124, WTW 152, WST111 & WST121	12
WST 211	Mathematical statistics 211 Required: WST111, WST121, WTW114GS & WTW124 *GS	24
WST 212	Applications in data science 212 Required: WST 111, WST 121, WTW 114GS & WTW124GS	12
WTW 211	Linear algebra 211 Required: WTW124	12
WTW 218	Calculus 218 Required: WTW114 & WTW124	12
Total credits for compulsory modules		72

Second semester
Code	Name	Credits
IAS 221	Actuarial mathematics 221 Required: IAS211	12
WST 221	Mathematical statistics 221 Required: WST211	24
WTW 220	Analysis 220 Required: WTW114, WTW124, WTW 211 and WTW 218	12
WTW 264	Differential equations 264 Required: WTW114, WTW124 & WTW 211	12
Total credits for compulsory modules		60
IAS 282	Financial Mathematics 282 Required: IAS 211	12
WTW 221	Linear Algebra 221 Required: WTW211, WTW 218	12
Total credits for elective modules		12

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BSc Actuarial and Financial Mathematics – Third Year:

Third year students should register for the six core modules set out below and for two elective modules in terms of the following options.

1.  Actuarial Science option: IAS 353, IAS 382

2.  Financial Mathematics option: WTW310 and one the following modules WTW 320, WTW 382, WTW 383, WTW 386

If you are planning to do Honours, you should ensure that you take the correct electives to allow you to meet the requirements for the Honours degree(s) that you are considering. The admission requirements for each degree are available in the yearbook. You should contact the relevant department if you have any questions and/or concerns.

If you have not yet passed all your first- and second-year modules, you should prepare an updated study plan. When preparing an updated study plan, you should consider the modules for which you meet the prerequisites as well as the combinations of subjects required to qualify for exemption from the Actuarial Society examinations,

You need to complete IAS 211 and IAS 282 in the same year to be considered for an A211 exemption and WTW 354 and WTW 364 in the same year for an A214 exemption. The other modules do not have any restrictions for exemption purposes.

Do not construct a plan with too many credits in a semester. You should discuss your updated plan with the department if you have any questions or concerns.

First semester core modules
Code	Name	Credit
WST 311	Multivariate analysis 311 Required: WST211, WST221, WTW211 *GS and WTW218 *GS	18
WST 312	Stochastic Processes 312 Required: WST211, WST221, WTW211 *GS and WTW218 *GS	18
WTW 354	Financial engineering 354 Required: WST211, WTW211 and WTW218	18
Total credits for compulsory modules		54

2019 BSc Extended programme - Mathematical Sciences (2nd year)

 

Exemptions from Actuarial Society 

The information below relates to exemption recommendations for 2020 and going forward.  For subjects completed prior to 2020, the old exemption recommendation rules in place at the time of completing the subject applies.

Communication of exemptions

Students only qualify for exemptions on graduation.  When all the final exemption results are available, we prepare a letter for each student showing the exemptions recommended.  The letters can be collected from the department’s offices, normally towards the end of January.

Prior to the final letter, exemptions for A200 series subjects are published on clickUP in one of the modules making up the specific exemption when they become available normally A211 exemptions are published in clickUP for IAS 282, A212 in WST 322, A213 in IAS 353 and A214 in WTW 364.

For the A100 series subjects where the exemption is based on the application of a formula, no exemption lists are published.  Students who want to know if they have earned an exemption for a specific subject should keep record of their semester marks.  This will allow them to calculate exam marks and thus check whether the exemption requirements have been met.

Exemption requirements per subject

Note that exemption recommendations are based on the first examination opportunity available in the specified module.  Sick, supplementary and/or any other special opportunity, including winter and summer schools, are not considered.

Exemption recommendations will be based on the following:

Actuarial Society Subject	Corresponding UP Subject(s)	Requirement
A111	WST 111, WST 121, WST 211, WST 221 and WST 311       OR WST 133, WST 143, WST 153, WST 121, WST 211, WST 221 and WST 311	A weighted average of 60 for the five modules, with a sub-minimum of 55 in each module. For students from the Extended Programme, WST 111 is replaced by the average mark from WST 133, WST 143 and WST 153
A112	EKN 110 and EKN 120	A weighted average of 60 for the two modules, with a sub-minimum of 55 in each module.
A113	FBS 112 and FBS 122	A weighted average of 60 for the modules, with a sub-minimum of 55 in each module.
A211	IAS 211 and IAS 282	An independent external examiner decides which students are recommended for exemption using a weight of 40% for IAS 211 and 60% for IAS 282.  Both subjects need to be taken in the same year to be considered for an exemption recommendation.

A212	IAS 382, WST 312, WST 321, WST 322 and WST 212	An independent external examiner decides which students are recommended for exemption using weights for each subject as follows: IAS 382           25% WST 312         25% WST 321         20% WST 322         20% WST 212         10%.
A213	IAS 353	An independent external examiner decides which students are recommended for exemption
A214	WTW 354 and WTW364	An independent external examiner decides which students are recommended for exemption using weights for each subject as follows: WTW 354        50% WTW 364        50% A student must also have passed IAS 221 and WST 322 to qualify for this exemption.
N111	BSc (Actuarial & Financial Mathematics degree)	Students who graduate with a BSc(Actuarial & Financial Mathematics) degree are recommended for exemption

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