Universities and Online Degrees Guide

Stellenbosch University

Bachelor of Commerce in Actuarial Sciences

The Bachelor of Commerce in Actuarial Sciences in Business and Management is offered by Stellenbosch University.

Program Length: 4 YEARS.

Bachelor of Commerce in Actuarial Sciences offered by the Stellenbosch University at the Faculty of Economic and Management Sciences

This programme is the first step in the training of actuaries. Actuaries may be described as independent professionals who are experts in the analysis and modelling of situations involving financial risk and contingent events. They are capable of assessing the risks involved and communicating what the results mean in financial terms. Their work directly involves the management of assets and liabilities (such as investments and loans), and associated risks.

The training of actuaries

To become an actuary (Fellow of the Actuarial Society of South Africa) you need to pass the 15 examinations of the professional body and have relevant work experience.

The University's actuarial programme is structured in such a way that successful students can obtain exemption from most of the examinations of the Actuarial Society of South Africa in their BCom (Actuarial Science) and BCom (Honours) degrees. To obtain exemption for any given subject, students need to achieve an appropriate mark in the corresponding university subject. This programme also prepares students thoroughly for some of the other external examinations for which no exemption is available.

In addition to covering the actuarial, statistical and mathematical material required to qualify as an actuary, the above-mentioned curriculum also develops the ability to interpret and apply financial and economic data. These qualifications prepare you to play a key role in the management of any enterprise or organisation.