Bachelor of Science in Actuarial Science | UFS

APS Required

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The Bachelor of Science specialising in Actuarial Science at UFS Bloemfontein is a highly competitive, selection-based programme preparing students for one of South Africa's most in-demand and well-remunerated professions. Actuaries assess and manage financial risk across insurance, pension funds, banking, and investment management. South Africa has a sophisticated financial services sector, and qualified actuaries are consistently sought after. Students who are unsuccessful in Actuarial Science may be offered a place in Econometrics, and top Econometrics students may move into Actuarial Science in year three.

English Home Language or English First Additional Language: 50% (Level 4)
Mathematics: 70% (Level 6)
APS: 34 — Subject to selection

Career Prospects

Actuary – Pricing insurance products and managing financial risk at South African insurance companies and Lloyd’s syndicates.
Pension Fund Consultant – Advising South African pension and provident funds on funding, investment, and regulatory compliance.
Risk Analyst – Quantifying and managing financial risk exposures at South African banks and investment management firms.
Pricing Analyst – Developing data-driven pricing models for South African insurance, banking, and financial services companies.
Chief Actuary – Leading actuarial functions and strategic risk management at South African life insurance and banking institutions.

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