HI-5, I'm also a Bank scholar (which means I'm your senior). My 1st question to you is WHY not LSE? haha.. Btw, I heard the news saying that they start forbidding scholars to choose LSE as they want the so-called "diversification"..Hello everyone! I've gotten offers from 3 UK universities and now in dilemma of choosing a university as my FIRM! I've got offers from Cass Business School (Actuarial Science), Heriot-Watt University (Actuarial Science) and the University of Warwick (MMORSE). I will make Heriot-Watt as my insurance since it has the lowest requirement of all (AAB).
My major concern here would be my firm university. Just a little bit of my background here, I'm a BNM scholar who is doing A-Levels now at Taylor's, and I'm already in my last semester. I'm required to choose my firm and insurance universities and now I'm in dilemma of choosing a university as my firm.
My personal preference inclined towards Cass Business School, as it is one of the top 3 business schools in the UK, and is obviously one of the top universities offerring Actuarial Science degree in the UK (besides Heriot-Watt). Actuarial Science degree in Cass will grant me maximum number of 8 papers exemption for the series of actuarial professional papers, from the Institute and Faculty of Actuaries UK (out of 15 in total).
My another choice for Firm would be the University of Warwick. Although I've an offer for MMORSE (stands for (M)Maths, Operational Research, Statistics, and Economics), I would not be able to pursue it since it's a 4-year degree and Bank only allows their scholars to go for 3-year degree program. But I'd be able to change 4-year MMORSE to 3-year MORSE, so it's not a problem. MMORSE will be able to grant me 7 papers exemption, while MORSE only maximum number of 3 papers exemption.
If I were to choose between Cass and MMORSE, I would choose MMORSE since MMORSE integrated master degree is much broader than a typical Actuarial Science degree. It comprises of lots of very interesting optional modules such as Number Theory, Stars and Galaxies, and Quantum Mechanics, just to give a few examples. Whereas for Actuarial Science degree, it provides a very specific course structure to mould students towards the actuarial career.
Besides Actuarial Science, personally I'm interested in financial market too. I'm interested in trading and quantitative finance cause I found them equally interesting recently. I even planned to pursue Master in Financial Engineering/Quantitative Finance/Mathematical Finance after passing my actuarial professional papers. I wish to become an actuary, quant, financial mathematician, trader and hedge fund manager at the same time. I know it sounds very ambitious but this is not impossible.
Should I choose Warwick, it would be very easy for me to find job since Warwick is one of the top 6 universities in the UK and employers consistently hire graduates from these universities. But job prospect is not really an issue here since I'm bonded to Bank Negara upon graduation. Experience would have outweighed the significance of quality of undergraduate degree should I decided to find job elsewhere after a few years serving the Bank.
Since MORSE would only entitle me for 3 papers exemption, would it be worth it for me to pursue? It's either more of optional modules from MORSE(therefore more interesting, and harder at the same time), or specific Actuarial Science degree from Cass and gain more exemptions from it. Both are equally hectic, but I suppose MORSE is a bit harder due to their insanely heavy workload. Actuarial Science from Cass is not easy neither since they have lots of assignments and research.
So, Warwick or Cass?
Back to your question, I will recommend you Cass as it's good in Actuarial Science. Having said that, Warwick is not bad either.