Placement: students undertake a minimum of nine months in a work placement in Year 3 of the BSc (Actuarial Science and Risk Management) degree. All placements are paid. The majority of placements are based in Dublin and London, with the remaining placements located throughout the UK & Ireland.
On qualification as an actuary salaries can range from £45k-70k and five years' post-qualification salaries in excess of £100k are not unusual.
The types of industry in which students are placed:
General and Life Insurance Companies
Examples of companies that recruit student actuaries
Students who successfully complete their work placement are also eligible for an additional externally awarded qualification. This award is entitled a Licentiateship qualification and is awarded by the City & Guilds of London Institute.
Accreditation: the Actuarial Science and Risk Management degree has been accredited for subjects CT1–CT8 from the Institute and Faculty of Actuaries and has an integral placement year allowing students to develop highly valued practical skills as well as gaining exemptions from many of the early professional exams.