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If you’d like to qualify for in-demand quantitative roles in the insurance and financial industry, the Common Entry into Actuarial and Financial Mathematics programme (CAFM) might be for you. It’s especially ideal if you’d like the flexibility to explore different areas of maths before choosing how you’ll specialise.

After this two-year course, you choose whether to spend the next two years studying to get a degree in Actuarial Mathematics (ACM) or in Financial Mathematics (FIM). The modules taken in CAFM are the same as in years 1 and 2 of its twin programme Actuarial Mathematics (ACM), to which you can apply directly through the CAO. Therefore, CAFM offers an alternative route into ACM. Entry into FIM, on the other hand, is guaranteed and exclusive through CAFM.

Deep theory and expert skills

You’ll learn the fundamental mathematical principles that underpin the state-of-the-art actuarial and financial models you’ll study in later years, along with computer programming, data analysis, economics and accounting. You’ll also gain highly valuable general analytic skills, allowing you to understand and analyse matters in a systematic way, making you an ideal problem-solver.

Whichever path you choose after the first two years, you’ll do an eight-month paid internship in your third year. This could be in a large insurance company, an actuarial consultancy, an investment bank or a trading house. Once you graduate, you’ll be qualified to work as an actuary, in financial services or in other roles, such as data scientist.

Careers

For further information on the various professional opportunities review the entry for the BSc in Actuarial Mathematics or the BSc in Financial Mathematics.