Universities and Online Degrees Guide

University of the Witwatersrand

Bachelor of Science in Actuarial Science

The Bachelor of Science in Actuarial Science in Mathematics is offered by University of the Witwatersrand.

Program Length: 3 YEARS.

Bachelor of Science in Actuarial Science offered by the University of the WItwatersrand

The Wits BSc majoring in Actuarial Science gives you a solid foundation for the internationally recognised actuarial examination.

Overview

Over 480 graduates have qualified as actuaries since the programme began in 1983. An actuary is a professional who applies analytical, statistical, and mathematical skills to financial and business problems. This is especially valuable when facing problems involving uncertain future events or financial risks in insurance, retirement, investments, and risk management environments.

The School of Statistics and Actuarial Sciences offers the largest number of accredited subjects of any single university in Africa. In 2019 the Actuarial Society of South Africa welcomed 52 new Fellow Actuaries into the profession, of whom 17 were Wits graduates, the most from any one university, also the most demographically diverse in South Africa.

Curriculum

First year

• Actuarial Science I

AND

• Mathematical Statistics I

AND

• Mathematics I (Major):
  • Algebra I
  • Calculus I

AND

• Economic Theory IA Microeconomics
• Economic Theory IB Macroeconomics

AND

• Business Accounting I

Second year

• Actuarial Science II

AND

• Mathematical Statistics II

AND

• Mathematics II:
  • Abstract Mathematics II
  • Differential Equations II
  • Basic Analysis II
  • Linear Algebra II
  • Multivariable Calculus II
  • Transition to Abstract Mathematics II

Third year

• Actuarial Science III

AND

• Mathematical Statistics II