The programme is offered on a fulltime, face-to-face basis only.
For admission to the one-year Honours programme applicants should have:
Please note:
The number of students selected will be influenced by, among other things, staff capacity, the availability of resources within the Department, as well as academic merit and University transformation objectives. As staff capacity and resources may fluctuate from year to year, the number of students selected can also differ from year to year.
Should the applicants who meet the admission requirements exceed the capacity of the Department, the criteria of the admission requirements will be used to rank the applicants in order of suitability, and to finalise the list of selected applicants
Students will be required to pass modules totalling at least 120 credits made up as follows:
| Modules | Code | Credits |
|---|---|---|
| Actuarial Risk Management (A311) | 12302-774 | 60 |
| Actuarial Science Research Assignment | 12991-791 | 30 |
| Modules | Code | Credits |
|---|---|---|
| Introduction to R programming | 13074-723 | 6 |
The Introduction to R Programming module will commence approximately two weeks before the start of the University’s usual academic year. The module will conclude with a practical test towards the end of February.
All Actuarial Science Honours students are required to take this module.
| Modules | Code | Credits |
|---|---|---|
| Communications (N211) | 10371-773 | 6 |
| Capita Selecta: Actuarial Principles A | 14224-741 | 6 |
The Capita Selecta module, on the topic of Applied Ethics, is recommended for all students.
In addition to the R module, modules totalling at least 18 credits (as approved by the Head of Actuarial Science from time to time) must be selected from topics offered in the Mathematical Statistics or Financial Risk Management Honours programmes.
Topics available include:
| Modules in Mathematical Statistics | Code | Credits |
|---|---|---|
| Multivariate Statistical Analysis A | 10602-715 | 16 |
| Multivariate Statistical Analysis B | 10603-745 | 16 |
| Stochastic Simulation | 65250-718 | 12 |
| Survival Analysis | 10636-746 | 16 |
| Time Series Analysis | 10751-747 | 12 |
| Statistical Learning Theory * | 13360-771 | 12 |
| Modules in Financial Risk Management | Code | Credits |
|---|---|---|
| Practical Financial Modelling | 11166-736 | 6 |
| Financial Mathematical Statistics (Extreme Values & Stochastic Calculus) | 11164-732 | 12 |
| Portfolio Management Theory A (Portfolio management process and analysis) | 10660-733 | 12 |
| Portfolio Management Theory B (Credit Risk Analytics) | 10661-763 | 12 |
Note:
The standard duration of the programme is one year. Students who are accepted into an extended (two-year) programme will need to defer at least one of Actuarial Risk Management or the Research Assignment, as advised by the Department.
Students who wish to defer additional modules, or students accepted onto a one-year programme who wish to extend it, can arrange this when the programme commences.
Students who defer Actuarial Risk Management should note that they will not be permitted to register for this module until they have passed (through ASSA, or been exempted from) at least 6 of the A100- and A200-level examinations.
The final honours grading will be the weighted average of the marks obtained for each module (based on module credits) as follows:
Students are expected to pass (i.e. with a mark of not less than 50%) modules totalling at least 120 credits (as outlined above).
The university has an Exemption Recognition Agreement with the Actuarial Society of South Africa in respect of Communications (N211) and Actuarial Risk Management (A311).
On completion of the university degree an appropriate exemption recommendation letter will be prepared for each student. It is necessary for the student to complete the degree before such a letter can be produced.
The Diploma will be best suited to students who have completed an Honours degree in Actuarial Science and who wish to study further towards an actuarial qualification but who do not want, at this stage, to undertake a Master’s degree (which has a significant research component).
The programme is offered on a fulltime, face-to-face basis only.
For admission to the Postgraduate Diploma programme applicants should have:
Please note:
It is expected that you should have an average mark for both third-year Actuarial Science and third-year Mathematical Statistics of at least 60%.
The number of students selected will be influenced by, among other things, staff capacity, the availability of resources within the Department, as well as academic merit and University transformation objectives. As staff capacity and resources may fluctuate from year to year, the number of students selected can also differ from year to year.
Should the applicants who meet the admission requirements exceed the capacity of the Department, the criteria of the admission requirements will be used to rank the applicants in order of suitability, and to finalise the list of selected applicants.
A student will be required to pass modules totalling at least 120 credits selected from Actuarial Risk Management, the Fellowship Principles, and Fellowship Applications subjects of the Actuarial Society of South Africa.
The following modules may be available:
| Module | Code | Credits |
|---|---|---|
| Actuarial Risk Management (A311) | 12302-774 | 60 |
| Life Insurance Principles (F102) | 10372-812 | 45 |
| General Insurance Principles (F103) | 10360-843 | 45 |
| Finance and Investment Principles (F105) | 10364-845 | 45 |
| Capita Selecta: Actuarial Applications A | 13697-811 | 60 |
| Capita Selecta: Actuarial Applications B | 13699-841 | 60 |
Modules totalling up to 30 credits (as approved by the Head of Actuarial Science from time to time) may be selected from topics offered in the Mathematical Statistics or Financial Risk Management postgraduate programmes.
Note:
The final grade will be a weighted average of the marks obtained for each module (with weights based on the module credits as given above).
Students are expected to pass (i.e. with a mark of not less than 50%) modules totalling at least 120 credits (as outlined above).
The university has an Exemption Recognition Agreement with the Actuarial Society of South Africa in respect of Fellowship Principles subjects, F102-105.
The programme is offered on a fulltime, face-to-face basis only.
For admission to the Master’s programme applicants should have:
The number of students selected will be influenced by, among other things, staff capacity, the availability of resources within the Department, as well as academic merit and University transformation objectives. As staff capacity and resources may fluctuate from year to year, the number of students selected can also differ from year to year.
Should the applicants who meet the admission requirements exceed the capacity of the Department, the criteria of the admission requirements will be used to rank the applicants in order of suitability, and to finalise the list of selected applicants
Two programmes are available:
A student will be required to pass modules totalling at least 180 credits as follows:
| Module | Code | Credits |
|---|---|---|
| Actuarial Science Research Project | 11170-895 | 60 |
Elective modules totalling at least 120 credits need to be chosen from the list below.
| Module | Code | Credits |
|---|---|---|
| Actuarial Science Thesis | 11171-896 | 120 |
Elective modules totalling at least 60 credits need to be chosen from the list below.
| Module | Code | Credits |
|---|---|---|
| Life Insurance Principles (F102) | 10372-812 | 45 |
| General Insurance Principles (F103) | 10360-843 | 45 |
| Finance and Investment Principles (F105) | 10364-845 | 45 |
| Capita Selecta: Actuarial Applications A | 13697-811 | 60 |
| Health, Social and Employee Benefits (F108) | 14928-818 | 45 |
| Capita Selecta: Actuarial Applications B | 13699-841 | 60 |
Modules up to 30 credits (as approved by the Head of Actuarial Science from time to time) may be selected from topics offered in the Mathematical Statistics or Financial Risk Management postgraduate programmes.
Note:
The final grade will be a weighted average of the marks obtained for each module (with weights based on the module credits as given above).
Students are expected to pass (i.e. with a mark of not less than 50%) modules totalling at least 180 credits (as outlined above).
The university has an Exemption Recognition Agreement with the Actuarial Society of South Africa in respect of Fellowship Principles subjects, F102, F103, F105 and F108.