MSc in Actuarial ScienceMSc in Actuarial ManagementMSc in Insurance & Risk Management
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Why choose Cass Business School?
International reputationQualified actuaries on teaching staffProfessional exemptionsWorld-class facilitiesExcellent teaching assessmentCass rated second in world for
research in insuranceExcellent careers service
MSc in Actuarial ScienceDr Douglas Wright, PresenterDr Iqbal Owadally, Course DirectorEva Matiaskova, Admissions Officer
Professional linksStaple Inn Actuarial SocietyReception for students at Institute
of ActuariesAnnual students’ lectureCareers events and professional
development
Who should applyMSc in Actuarial Science (AS) is
suitable forActuarial trainees who are at an early
stage of their trainingProspective entrants to the actuarial
profession
MSc in Actuarial ScienceOffers eight Core Technical subjects of
of Actuarial Profession (CT1-CT8)Minimum of 5 CT subjects requiredMSc = 5 CTs + 5 Short Electivesor MSc = 5 CTs + 1 Short Elective
+ Project
Core technical subjectsCT1 – Financial MathematicsCT2 – Finance and Financial ReportingCT3 – Probability & Mathematical StatisticsCT4 – ModellingCT5 – ContingenciesCT6 – Statistical MethodsCT7 – Business EconomicsCT8 – Financial Economics
Professional exemptionsCourse is accredited by the
UK Institute and Faculty of ActuariesStudents scoring at least 65% as an
average in their actuarial subjects are eligible for exemptions from that group of subjects
Exemptions are also awarded on a subject by subject basis for students not meeting the accreditation requirements
TERM I
10 teaching weeks
TERM IIINDUCTION
Careers W
eek / Introduction
Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
Timetable for MSc
10 teaching weeks
Aug
Specialisation
TERM III
Term I Exams
Term II Exams
Term III – route 11. Take five short elective modules, for example:
• Stochastic Asset Models for Actuarial Use• Introduction to Copula Modelling• Modelling and Data Analysis• Model Office Building in Life Insurance• Visual Basic in Finance• Behavioural Finance• Hedge Funds• Credit Risk Management
Choice out of portfolio of more than 60 modules
Term III – route 22. Alternatively take only one of the above short modules and in addition carry out a 10,000 word Business Research Project
Business Research Project
MARCH MAY JULY
Submit a project plan based on a topic in actuarial theory or practice by end March
Topic of student’s choice Word limit of 10,000 Research training provided in Term I Supervision from member of Faculty
Start dissertation in May after approval of project plan
Complete dissertation by end July
A brief selection of employers of Actuarial Science graduates
MSc/Diploma in Actuarial Science intake by nationality region 2013/14
UK23%
Europe15%
Overseas62%
ApplyingOnline applicationMinimum 2:1 Honours degree in a mathematical subject
and B grade in A-Level Maths (or equivalent)English language proficiency (TOEFL/IELTS)Two references (at least one academic)Original transcriptsCV and Personal Statement Conditional/unconditional decisions normally within 4-6
weeks on a rolling basis
Key people
Eva Matiaskova, Admissions Officeremail: [email protected]
Dr Iqbal Owadally, Course Director and Admissions Tutor
See website atwww.cass.city.ac.uk/actscienceCourse brochure and application form available online
MSc in Actuarial Management
Dr Douglas Wright, Course DirectorEva Matiaskova, Admissions Officer
Who should applyMSc Actuarial Management (AM) is suitable for: Experienced actuarial trainees, accomplished in
most of the core technical subjectsGraduates with actuarial degreesStudents who wish to complete the
intermediate and specialist stages (CA and ST subjects) of actuarial education
TERM I
10 teaching weeks
TERM IIINDUCTION
Careers W
eek / Introduction
Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
Timetable for MSc
10 teaching weeks
Aug
Specialisation
TERM III
Term I Exams
Term II Exams
MSc in Actuarial ManagementCompulsory modules Actuarial Risk Management CA1 – Part I Actuarial Risk Management CA1 – Part IIPlus a minimum of three modules from the following electives: Health Insurance (ST1) Life Insurance (ST2) Pensions & Other Benefits (ST4) Finance & Investment A (ST5) Finance & Investment B (ST6) General Insurance: Reserving & Capital Modelling (ST7) General Insurance: Pricing (ST8) Model Documentation, Analysis and Reporting (CA2 – non-exemption) Finance & Financial Reporting (CT2) Modelling (CT4) Contingencies (CT5) Statistical Method (CT6) Financial Economics (CT8)
Professional exemptionsCourse is accredited by the
UK Institute and Faculty of ActuariesStudents scoring at least 62% as an
average in their actuarial subjects are eligible for exemptions from that group of subjects
Exemptions are also awarded on a subject by subject basis for students not meeting the accreditation requirements
Term III – route 11. Take five short elective modules, for example
• Enterprise Risk Management• Stochastic Asset Models for Actuarial Use• Introduction to Copula Modelling• Modelling and Data Analysis• Model Office Building in Life Insurance• Visual Basic in Finance• Behavioural Finance• Hedge Funds• Credit Risk Management• Model Documentation, Analysis and Reporting
Choice out of portfolio of more than 60 modules
Term III – route 22. Alternatively take only one of the above short modules and in addition carry out a 10,000 word Business Research Project
Business Research Project
MARCH MAY JULY
Submit a project plan based on a topic in actuarial theory or practice by end March
Topic of student’s choice Word limit of 10,000 Research training provided in Term II Supervision from member of Faculty Students who follow this route will be considered for an
exemption in subject CA3 Communications
Start dissertation in May after approval of project plan
Complete dissertation by end July
A brief selection of employers of Actuarial Management graduates
MSc/Diploma in Actuarial Management intake by nationality region 2013/14
UK18% Europe
2%
Overseas80%
Admissions information Students should have completed at
least five of the CT subjects of the Institute and Faculty of Actuaries, either by previous exemption or by private study, including Subjects CT1, CT3 and CT7
English language proficiency (TOEFL/IELTS)
Two references (at least one academic)
CV and Personal Statement
Key peopleEva Matiaskova, Admissions OfficerEmail: [email protected]
Dr Douglas Wright, Course Director andAdmissions Tutor
See website atwww.cass.city.ac.uk/actmanCourse brochure and application form available online
MSc in Insurance & Risk ManagementDr Cherie Chen, Course DirectorSharron Charles, Course OfficerEva Matiaskova, Admissions Officer
Why Insurance & Risk Management?
One year full time or two years part timeExemption route for ACII holders International emphasisPractical orientationBroad scopeStrong global alumni networkProfessional exemptions...
Professional Qualifications: Credits and Exemptions
Chartered Insurance Institute210 credits towards the Advanced Diplomaexaminations of the Chartered Insurance Institute.
60 credits towards the CII Advanced Diplomain Financial Planning.
Institute of Risk ManagementThree exemptions from the examinations ofthe Institute of Risk Management (IRM).
TERM I
4 Core Modules
• Theory of risk and insurance markets
• Principles of finance and financial analysis
• Risk management
• Insurance law and regulation
TERM II
*Chosen from a portfolio of over 80 electives
INDUCTION
Careers W
eek / Introduction
Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
Timetable for MSc in IRM
4 Core Modules
• Accounting and financial management in insurance
• General insurance
• Risk analysis and modeling
• Business organisation and corporate strategy in insurance and financial services
Aug
Business Research Project and 3 electives*
TERM III
Sample of useful electives (over 80 available)
Alternative Risk Transfer (ART)
Claims management*Credit risk managementFinancial derivativesFinancial methods in
insuranceFinancial risk management Islamic financeLiability insurance*
*CII accredited
Employee BenefitsMarine, Aviation and
Transport insurancesMarketing financial
services*Operational risk
managementProperty insuranceReinsurance*
MSc in Insurance and Risk ManagementKey Facts: 2013/4 intake24 Nationalities
Average age• Full time – 25 years• Part time – 28 years
Ratio of female to male students 51:49
Average work experience• Full time – 2.9 years• Part time – 7 years
Some employers of IRM graduates… Accenture AON Corporation AXA Group Aviva Barclays Capital Brit Insurance Credit Suisse Deloitte Deutsche Bank Bank of America Royal Bank of
Scotland Goldman Sachs Heath Lambert HSBC
J P Morgan Jardine Lloyd
Thompson Zurich RBS Insurance Kiln Group KPMG Lloyd’s of London Lloyd’s Banking Group Marsh Munich Re PWC Royal & Sun Alliance
Samsung Insurance Swiss Re Tokyo Marine & Fire Willis Group JLT
Destination Survey for 2011/12 IRM graduatesData collected between 01/12/12 and 13/03/13
74%
21%
4%
1%
Response Rate = 86% (68 from 79)
Employed (including internships)
Job seeking
Other e.g. travelling, military service
Further Study
Applying Online application
University degree with 2.1 or higher, or non-UK equivalent
Provisional or full degree transcript
Two references academic and / or professional
GMAT (only if requested by Course Director)
English proficiency (TOEFL / IELTS)
CV and Personal Statement
Conditional / Unconditional decisions are rendered on a rolling basis within 4-6 weeks after receipt of the required documents
Course Director & Admissions Officer
Eva Matiaskova, Admissions OfficerEmail: [email protected]
Dr Cherie Chen, Course Director and Admissions Tutor
See website atwww.cass.city.ac.uk/irmCourse brochure and application form available online
Getting on the right careers path
Career service: Year round strategy
One week of induction period dedicated to careers service activity
1 to 1 career guidance from experienced professionals
Recruitment presentations
Skills sessions & workshops
Online resources: CVs, job postings & email alerts
Getting on the right career pathskills sessions & workshops Careers Fairs Interview Skills CVs and Applications Networking Personal Impact Job Search Strategies Presentation Skills Working with Recruitment Agencies Assessment Centres Personal Branding
Get involved20-30 clubs are organised each year
Sporting clubs e.g. – basketball, adventure sports, badminton, golf, cricket, ski/snowboarding, squash
Business related clubs – investments, trading floor, emerging markets, actuarial society
Others include – dance, film, food and wine and country specific interest clubs
Active global community
GlobalAlumniNetwork 19,000 with lifetime
access to the global on-line Cass alumni community
Active global community
Cass Entrepreneurs Network: e.g., Trends in New Media, Christmas party
Cass Women in Business (CWIB) Speaker Series: e.g., Women in Technology, Lehman Brothers
Alumni receptions in cities including - Paris, Frankfurt, Shanghai, Hong Kong, Tokyo, Sao Paulo & New York
Regular country reunions, events & Lord mayors receptions - Moscow, Kuala Lumpur, New Delhi & Warsaw
43 events worldwide
Alumni Ball London
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