Actuarial Science

Undergraduate

BCom | Actuarial Science

This programme is aimed at assisting students to obtain the professional qualification of an Actuary. Successful students can obtain a maximum of 8 exemptions from the examinations of the Actuarial Society of South Africa (ASSA) during the undergraduate programme based on satisfactory performance in university modules equivalent to ASSA subjects.

The ASSA subjects from which exemptions are available in the undergraduate programme are: A111, A112, A113, A211, A212, A213, A214 and N111. Further exemptions are available in the postgraduate programmes.

Admission Requirements

Minimum requirements for admission:

  • An NSC average based on the six best subjects, excluding Life Orientation, 80%
  • Mathematics 80%
  • Home Language 60%
  • If the Home Language (in the requirement above) is not English, then also English First Additional Language 75%

 However, it is likely that to be admitted to the programme students will also need to have achieved:

  • Mathematics at least 85%; and
  • NSC average mark of at least 85%.

Curriculum

First Year | 154 credits

​Compulsory ModulesFirst SemesterSecond Semester​
​Actuarial Science112 | 8 credits​142 | 16 credits​
​Business Management113 | 12 credits​142 | 6 credits​
​Computer Science113 | 16 credits​
Economics114 | 12 credits​144 | 12 credits​
​Financial Accounting188 | 24 credits​ (year module)
​Mathematics114 | 16 credits​144 | 16 credits​
​Probability Theory and Statistics144 | 16 credits​

Second Year | 136 credits

​Compulsory ModulesFirst SemesterSecond Semester​
​Actuarial Science211 | 18 credits​241 | 22 credits​
Economics214 | 16 credits​
​Financial Risk Management212 | 8 credits​
​Mathematical Statistics214 | 16 credits​245 | 8 credits​
246 | 8 credits​
​Mathematics214 | 16 credits​244 | 16 credits​
​Elective Modules
At least 8 credits
First SemesterSecond Semester​
Economics244 | 16 credits
​Financial Risk Management242 | 8 credits

Third Year | 144 credits

​Compulsory ModulesFirst SemesterSecond Semester​
​Actuarial Science311 | 24 credits341 | 24 credits
​Actuarial Science371 | 32 credits (year module)
​Mathematical Statistics312 | 16 credits344 | 16 credits
316 | 16 credits364 | 16 credits

For more information, please consult the Faculty Calendar