Statistics and Actuarial Science
The School of Statistics and Actuarial Science offers a leading-edge curriculum as part of a BSc degree that combines both business and mathematical subjects.
The School also offers postgraduate degrees in Actuarial Science, Mathematical Statistics and Operations Research.
Mathematical statistics relates to the study of random phenomena, and their mathematical modelling, and since everything in the universe (ranging from the weather to the stock markets to the formation of stars) represents an outcome of a random process, this means that statisticians are uniquely positioned to work in many areas of science or business.
An Actuary is a professional who applies analytical, statistical and mathematical skills to financial and business problems. This is especially valuable when facing real-world problems that involve uncertain future events or Financial risks, such as in insurance, retirement, investments and risk management environments.
Operations Research is the scientific approach to solving decision problems in the management of organisations by the development of mathematical, statistical and/or computer models of the system. These models are used to predict the outcomes of alternative decisions to find solutions that are in some sense optimal.