Undergraduate Actuarial Science

Here you can find information regarding the undergraduate actuarial science programme offered in the department.

See the Faculty Calendar (Yearbook) here for a more detailed description of the various modules.

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.

Curriculum 2022

First Year (154 credits)

Compulsory Modules	First Semester	Second Semester
Actuarial Science	112 (8 credits)	142 (16 credits)
Business Management	113 (12 credits)	142 (6 credits)
Computer Science	113 (16 credits)	N/A
Economics	114 (12 credits)	144 (12 credits)
Financial Accounting	188 (24 credits)
Mathematics	114 (16 credits)	144 (16 credits)
Probability Theory and Statistics	N/A	144 (16 credits)

Second Year (136 credits)

Compulsory Modules	First Semester	Second Semester
Actuarial Science	211 (18 credits)	241 (22 credits)
Economics	214 (16 credits)	N/A
Financial Risk Management	212 (8 credits)	N/A
Mathematical Statistics	214 (16 credits)	245 (8 credits) 246 (8 credits)
Mathematics	214 (16 credits)	244 (16 credits)
Elective Modules (at least 8 credits):
Economics	N/A	244 (16 credits)
Financial Risk Management	N/A	242 (8 credits)

Third Year (144 credits)

Compulsory Modules	First Semester	Second Semester
Actuarial Science	311 (24 credits)	341 (24 credits)
Actuarial Science	371 (32 credits)
Mathematical Statistics	312 (16 credits) 316 (16 credits)	344 (16 credits) 364 (16 credits)