MSc in Actuarial Science MSc in Actuarial Management MSc in Insurance & Risk Management

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1 MSc in Actuarial Science MSc in Actuarial Management MSc in Insurance & Risk Management

2 MSc Programmes ACTUARIAL & INSURANCE Actuarial Science Actuarial Management Insurance & Risk Management MANAGEMENT Management Global Supply Chain Marketing, Strategy & Innovation FINANCE Finance Corporate Finance Investment Management Banking & International Finance International Accounting & Finance Real Estate Investment Finance and Investment (part-time only) Wealth Management (part-time only) REAL ESTATE Real Estate Real Estate Investment SHIPPING, TRADE & FINANCE Shipping, Trade & Finance Energy, Trade & Finance QUANTITATIVE FINANCE Mathematical Trading & Finance Quantitative Finance Financial Mathematics

3 Why choose Cass Business School? International reputation Qualified actuaries on teaching staff Professional exemptions World-class facilities Excellent teaching assessment Cass rated second in world for research in insurance Excellent careers service

4 MSc in Actuarial Science Dr Douglas Wright, Presenter Dr Iqbal Owadally, Course Director Eva Matiaskova, Admissions Officer

5 Professional links Staple Inn Actuarial Society Reception for students at Institute of Actuaries Annual students lecture Careers events and professional development

6 Who should apply MSc in Actuarial Science (AS) is suitable for Actuarial trainees who are at an early stage of their training Prospective entrants to the actuarial profession

7 MSc in Actuarial Science Offers eight Core Technical subjects of of Actuarial Profession (CT1-CT8) Minimum of 5 CT subjects required MSc = 5 CTs + 5 Short Electives or MSc = 5 CTs + 1 Short Elective + Project

8 Core technical subjects CT1 Financial Mathematics CT2 Finance and Financial Reporting CT3 Probability & Mathematical Statistics CT4 Modelling CT5 Contingencies CT6 Statistical Methods CT7 Business Economics CT8 Financial Economics

9 Professional exemptions Course is accredited by the UK Institute and Faculty of Actuaries Students 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

10 Timetable for MSc INDUCTION TERM I TERM II TERM III Careers Week / Introduction 10 teaching weeks Term I Exams 10 teaching weeks Term II Exams Specialisation Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug

11 Term III route 1 1. 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

12 Term III route 2 2. Alternatively take only one of the above short modules and in addition carry out a 10,000 word Business Research Project Business Research Project Submit a project plan based on a topic in actuarial theory or practice by end March Start dissertation in May after approval of project plan Complete dissertation by end July MARCH MAY JULY Topic of student s choice Word limit of 10,000 Research training provided in Term I Supervision from member of Faculty

13 A brief selection of employers of Actuarial Science graduates

14 MSc/Diploma in Actuarial Science intake by nationality region 2013/14 UK 23% Overseas 62% Europe 15%

15 Applying Online application Minimum 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 transcripts CV and Personal Statement Conditional/unconditional decisions normally within 4-6 weeks on a rolling basis

16 Key people Eva Matiaskova, Admissions Officer Dr Iqbal Owadally, Course Director and Admissions Tutor See website at Course brochure and application form available online

17 MSc in Actuarial Management Dr Douglas Wright, Course Director Eva Matiaskova, Admissions Officer

18 Who should apply MSc Actuarial Management (AM) is suitable for: Experienced actuarial trainees, accomplished in most of the core technical subjects Graduates with actuarial degrees Students who wish to complete the intermediate and specialist stages (CA and ST subjects) of actuarial education

19 Timetable for MSc INDUCTION TERM I TERM II TERM III Careers Week / Introduction 10 teaching weeks Term I Exams 10 teaching weeks Term II Exams Specialisation Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug

20 MSc in Actuarial Management Compulsory modules Actuarial Risk Management CA1 Part I Actuarial Risk Management CA1 Part II Plus 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)

21 Professional exemptions Course is accredited by the UK Institute and Faculty of Actuaries Students 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

22 Term III route 1 1. 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

23 Term III route 2 2. Alternatively take only one of the above short modules and in addition carry out a 10,000 word Business Research Project Business Research Project Submit a project plan based on a topic in actuarial theory or practice by end March Start dissertation in May after approval of project plan Complete dissertation by end July MARCH MAY JULY 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

24 A brief selection of employers of Actuarial Management graduates

25 MSc/Diploma in Actuarial Management intake by nationality region 2013/14 UK 18% Europe 2% Overseas 80%

26 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

27 Key people Eva Matiaskova, Admissions Officer Dr Douglas Wright, Course Director and Admissions Tutor See website at Course brochure and application form available online

28 MSc in Insurance & Risk Management Dr Cherie Chen, Course Director Sharron Charles, Course Officer Eva Matiaskova, Admissions Officer

29 Why Insurance & Risk Management? One year full time or two years part time Exemption route for ACII holders International emphasis Practical orientation Broad scope Strong global alumni network Professional exemptions...

30 Professional Qualifications: Credits and Exemptions Chartered Insurance Institute 210 credits towards the Advanced Diploma examinations of the Chartered Insurance Institute. 60 credits towards the CII Advanced Diploma in Financial Planning. Institute of Risk Management Three exemptions from the examinations of the Institute of Risk Management (IRM).

31 Timetable for MSc in IRM INDUCTION TERM I TERM II TERM III Careers Week / Introduction 4 Core Modules Theory of risk and insurance markets Principles of finance and financial analysis Risk management Insurance law and regulation 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 Business Research Project and 3 electives* Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug *Chosen from a portfolio of over 80 electives

32 Sample of useful electives (over 80 available) Alternative Risk Transfer (ART) Claims management* Credit risk management Financial derivatives Financial methods in insurance Financial risk management Islamic finance Liability insurance* Employee Benefits Marine, Aviation and Transport insurances Marketing financial services* Operational risk management Property insurance Reinsurance* *CII accredited

33 MSc in Insurance and Risk Management Key Facts: 2013/4 intake 24 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

34 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 Samsung Insurance Jardine Lloyd Swiss Re Thompson Tokyo Marine & Fire Zurich Willis Group RBS Insurance JLT Kiln Group KPMG Lloyd s of London Lloyd s Banking Group Marsh Munich Re PWC Royal & Sun Alliance

35 Destination Survey for 2011/12 IRM graduates Data collected between 01/12/12 and 13/03/13 1% 4% Employed (including internships) 21% Job seeking Other e.g. travelling, military service 74% Further Study Response Rate = 86% (68 from 79)

36 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

37 Course Director & Admissions Officer Eva Matiaskova, Admissions Officer Dr Cherie Chen, Course Director and Admissions Tutor See website at Course brochure and application form available online

38 Getting on the right careers path Online resources: CVs, job postings & alerts Skills sessions & workshops 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

39 Getting on the right career path skills 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

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42 Get involved 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

43 Active global community Global Alumni Network 19,000 with lifetime access to the global on-line Cass alumni community

44 Active global community Cass Women in Business (CWIB) Speaker Series: e.g., Women in Technology, Lehman Brothers Alumni Ball London 43 events worldwide Regular country reunions, events & Lord mayors receptions - Moscow, Kuala Lumpur, New Delhi & Warsaw Cass Entrepreneurs Network: e.g., Trends in New Media, Christmas party Alumni receptions in cities including - Paris, Frankfurt, Shanghai, Hong Kong, Tokyo, Sao Paulo & New York

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