Bachelor of Science in Actuarial and Financial Mathematics | UP

APS Required

points

Duration

3 year(s)

Type

Bachelor's Degree

Delivery

Full-time

Details

The Bachelor of Science in Actuarial and Financial Mathematics at the University of Pretoria is a three-year degree in the Faculty of Natural and Agricultural Sciences that prepares graduates for the rigorous actuarial profession — one of the most quantitatively demanding and financially rewarding careers available to South African graduates. The programme covers probability, mathematical statistics, financial mathematics, actuarial modelling, and the mathematical foundations needed to pass the professional examinations of the Actuarial Society of South Africa (ASSA) and international actuarial bodies. The actuarial profession underpins South Africa's insurance, pensions, and financial services industries — industries that together manage trillions of rands of South African savings and risk. The degree is considered highly selective, with very strong mathematical performance required for admission and sustained success.

Admission requirements: English (Home or First Additional Language): Level 5 (60-69%); Mathematics: Level 7 (80%+); APS: 36 (excluding Life Orientation).

Admission requirements
SubjectMinimumRequirement
Mathematics80%Required
English Home Language or English First Additional Language60%Required

Career Prospects

Actuary – Qualify as a Fellow of the Actuarial Society of South Africa (FASSA) after completing professional examinations and working in South African insurance, reinsurance, pension funds, or consulting firms.
Quantitative Analyst – Apply advanced mathematical and statistical skills to financial risk modelling, pricing, and portfolio management at South African banks and asset management companies.
Financial Risk Manager – Quantify and manage financial risks for South African banks, insurers, or investment funds using actuarial and mathematical modelling techniques.
Data Scientist (Financial) – Use actuarial and mathematical training to develop predictive models and analytical frameworks for South African financial services companies.
Pension Fund Manager – Evaluate, manage, and report on South African occupational and retirement fund portfolios, ensuring sustainability and regulatory compliance under the Pension Funds Act.

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