Bachelor of Science in Mathematical Sciences – Actuarial Science | UJ

APS Required

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The Bachelor of Science in Mathematical Sciences: Actuarial Science is one of the most mathematically intensive undergraduate programmes offered at UJ, preparing students for the actuarial profession through a curriculum accredited by the Actuarial Society of South Africa (ASSA). Students develop advanced skills in probability, statistics, financial mathematics, and risk modelling, with exemptions available from several ASSA professional examinations on successful completion. Actuaries are among the most sought-after professionals in South Africa's insurance, banking, consulting, and government sectors.

English Home Language or English First Additional Language: 60%
Mathematics: 80%
APS: 40

Career Prospects

Actuary – Assess and price financial risk for life insurance, short-term insurance, and pension fund companies in South Africa.
Actuarial Analyst – Support qualified actuaries in modelling, reserving, and product development at major insurers.
Quantitative Analyst – Apply advanced mathematical techniques to financial derivatives and investment strategies.
Risk Manager – Identify and quantify enterprise-wide financial and operational risks for banks and financial services firms.
Credit Ratings Analyst – Evaluate the creditworthiness of companies and government bonds for rating agencies.

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