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UNIVERSITY COLLEGECAYMAN ISLANDS
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AS Mathematics - Actuarial Science/Mathematical Finance (2 plus 2 WCU Plan)

The Associate of Science in Mathematics at the University College of the Cayman Islands is crafted to equip students with a robust mathematical foundation.

Key Facts about the Programme

Programme Duration

2 years (full-time at UCCI) + 2 years (at WCU)

Semesters Offered

Fall and Spring starts

Total Credits Required

69 credits at UCCI, followed by WCU programme requirements

Transfer Pathway

2+2 agreement with Western Carolina University (USA) for BSc in Actuarial Science or related disciplines

Career Information

Average Starting Salary

Approximately $55,000–$65,000 USD for entry-level actuarial and financial roles

Key Jobs After Graduation:

  • Actuarial Analyst: Performs risk assessments using statistical data for insurance and pension plans.
  • Financial Risk Analyst: Assesses exposure to financial risks and advises on mitigation strategies.
  • Quantitative Analyst (Quant): Uses math models for financial forecasting, often in banking and hedge funds.
  • Investment Analyst: Supports investment decisions by evaluating financial trends and risks.
  • Pension Consultant: Provides actuarial advice for retirement benefit schemes.
  • Credit Risk Analyst: Evaluates loan and credit risk using data-driven insights.
  • Insurance Underwriter: Analyzes insurance applications and determines policy terms using risk data.

Potential Employers in the Cayman Islands

  • Cayman National Bank: Financial analysis and modeling
  • Cayman Islands Government: Economics and planning departments
  • Insurance Companies: Actuarial support and underwriting roles
  • Health Services Authority: Risk management and claims forecasting
  • Accounting & Consulting Firms: Risk analytics, auditing, and advisory

Programme Requirements

Prerequisites: Mathematics at CXC or IGCSE level with grades A*–B/1–2​

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Ready to start?

Take the first step toward your future, apply now or schedule a visit to learn more.

Core Courses:

ENG 101

College Composition I (3 credits)

ENG 102

College Composition II (3 credits)

COL 101 

College and Employability Skills (3 credits)

COM 110

omputer Applications in Business (3 credits)

COM 200

Computer Programming I (4 credits)

COM 201

Computer Programming II (4 credits)

ACC 121

Introduction to Accounting (3 credits)

ACC 201

Financial Accounting (3 credits)

MAT 221

Calculus I with Analytical Geometry (4 credits)

MAT 260

Discrete Mathematics (3 credits)

MAT 222

Calculus II (4 credits)

MAT 233

Probability and Statistics (3 credits)

ECO 324

Intermediate Microeconomics (3 credits)

MAT 225

Linear Algebra (3 credits)

FIN 301

Financial Management (3 credits)

Additional Requirements

Science Courses

8 credits, chosen with an advisor to align with career goals.

Social Science

6 credits ECO 221 Microeconomics and ECO 222 Macroeconomics

Humanities 2

ENG 231 Business Communication

Diverse Communities Requirement

3 credits, selected in consultation with an advisor​ (HIS 120/HIS 121/HIS 132/ENG 201)

Degree Plan (Suggested Sequence)

Year 1 - Fall:

  • ENG 101 College Composition I
  • Science I
  • ACC 121 Introduction to Accounting
  • COL 101 College & Employability Skills

Year 1 - Spring:

  • ENG 102 College Composition II
  • Science II
  • Social Science 1: ECO 221 Microeconomics
  • COM 200 Computer Programming I

Summer 1

  • Social Science 2: ECO 222 Macroeconomics
  • COM 110 Computer Applications in Business

Year 2 - Fall:

  • COM 201 Computer Programming II
  • MAT 221 Calculus I with Analytical Geometry
  • MAT 260 Discrete Mathematics
  • ECO 324 Intermediate Microeconomics
  • ACC 201 Financial Accounting

Year 2 - Spring:

  • Diverse Communities Requirement
  • MAT 222 Calculus II
  • MAT 233 Probability and Statistics
  • FIN 301 Financial Management
  • MAT 225 Linear Algebra

Summer 2

  • Humanities 2: ENG 231 Business Communication

Electives & Future Study Options

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Electives

Students are encouraged to choose electives in consultation with an advisor to align with their actuarial scienceor financial career pathways or to support further studies. Available electives may include specialized courses in statistics, finance, economics, or advanced computer science modules relevant to risk modeling and financial analysis.

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Future Study Options

Upon successful completion, students are eligible to transfer to a bachelor’s programme in Actuarial Science, Mathematical Finance, Applied Mathematics, or related fields such as Financial Engineering or Quantitative Finance at Western Carolina University (WCU) or other accredited institutions. These programmes prepare students for actuarial certification exams and advanced roles in finance, insurance, and risk management.

Future Jobs & Salary Scales

Graduates who pursue further studies in actuarial science or mathematical finance are equipped for high-demand careers that blend mathematics, finance, and data analysis. Below are some key roles and their average salary scales:

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With a strong quantitative background from UCCI’s Actuarial Science/Mathematical Finance programme and the opportunity to complete their degree through WCU, students are highly competitive candidates in finance, insurance, risk management, and analytics. Their training supports actuarial exam preparation, analytical problem-solving, and advanced modeling, skills that are increasingly essential in data-driven financial sectors around the world.

  • Role: Uses statistical models to assess financial risk in insurance, pensions, and investment sectors; typically completes a series of professional certification exams.
  • Salary Range:
    • Entry-level: $65,000 USD
    • Mid-career: $105,000 USD
    • Advanced: $160,000+ USD
  • Role: Identifies and analyzes areas of potential financial risk and develops mitigation strategies for banks, insurance firms, and investment companies.
  • Salary Range:
    • Entry-level: $60,000 USD
    • Mid-career: $95,000 USD
    • Advanced: $130,000+ USD
  • Role: Applies mathematical and statistical methods to financial and risk management problems, often working with complex models in investment banking or hedge funds.
  • Salary Range:
    • Entry-level: $90,000 USD
    • Mid-career: $135,000 USD
    • Advanced: $180,000+ USD
  • Role: Provides insights into market trends, evaluates investment opportunities, and supports portfolio management decisions using quantitative methods.
  • Salary Range:
    • Entry-level: $55,000 USD
    • Mid-career: $85,000 USD
    • Advanced: $120,000+ USD
  • Role: Advises companies and clients on pension plans, funding strategies, and retirement benefits using actuarial and financial principles.
  • Salary Range:
    • Entry-level: $58,000 USD
    • Mid-career: $90,000 USD
    • Advanced: $125,000+ USD
  • Role: Evaluates risk and determines insurance policy terms and pricing, using actuarial data to inform decisions.
  • Salary Range:
    • Entry-level: $50,000 USD
    • Mid-career: $80,000 USD
    • Advanced: $110,000+ USD
  • Role: Assesses the creditworthiness of clients or investment products, often within banking and lending institutions.
  • Salary Range:
    • Entry-level: $60,000 USD
    • Mid-career: $90,000 USD
    • Advanced: $120,000+ USD
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With a strong quantitative background from UCCI’s Actuarial Science/Mathematical Finance programme and the opportunity to complete their degree through WCU, students are highly competitive candidates in finance, insurance, risk management, and analytics. Their training supports actuarial exam preparation, analytical problem-solving, and advanced modeling, skills that are increasingly essential in data-driven financial sectors around the world.