Bachelor of Commerce Honours in Actuarial Science
The Bachelor of Commerce Honours in Actuarial Science cover certain subjects of the Actuarial Society of South Africa, in addition to some elective modules. Successful students are able to obtain exemptions from the examinations of the actuarial profession in respect of the subjects covered in the postgraduate qualifications. The programme is offered on a fulltime, face-to-face basis only.
Contact information
Programme overview
More information
When applying
Please note that selection for postgraduate programmes is highly competitive. Meeting the minimum admission requirements does not guarantee admission to the programme.
Minimum admission requirements
Admission requirements
• A BCom (Actuarial Science) or equivalent degree with Actuarial Science and Mathematical Statistics
asmajors; and
• Passes in university modules equivalent to at least six of the seven foundation and intermediate technical subjects of the Actuarial Society of South Africa (or core principles subjects of the Institute and Faculty of Actuaries); and
• Exemptions from (or passes in the profession’s examinations for) at least five of the foundation technical and intermediate technical examinations of the Actuarial Society of South Africa (or core principles examinations of the Institute and Faculty of Actuaries). Your five subjects must include at least A211 or A213 (CM1).
Please note:
1. If you did not complete your bachelor’s degree in the minimum time of three years, you must have an additional exemption for each additional year.
2. If you only have four exemptions (after a three-year bachelor’s) or five exemptions (after a four-year bachelor’s) you may be considered for an extended (two-year) honours programme.
3. 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%.
Selection
The number of students selected will be influenced by, among other things, staff capacity and 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.
Programme structure
Programme content
You must earn a total of at least 120 credits for this programme.
Please note:
Some of the elective modules listed below may not be offered every year. Please contact the Department of Statistics and Actuarial Science to find out which modules will be available.
Compulsory modules (90 credits)
12302 Actuarial Risk Management (A311) 774 (60)
12991 Research Assignment: Actuarial Science 791 (60)
Elective modules (at least 30 credits)
Choose modules totalling at least 24 credits from topics offered in the Mathematical Statistics or Financial Risk Management honours programmes (as approved by the Head of Actuarial Science from time to time).