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Masters Degree in Actuarial Science
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Masters Degree in Actuarial Science

Who should do this degree? 

The Master of Commerce (by Coursework and Dissertation) specialising in Actuarial Science [CM031BUS01] is perfect for Graduates with an Honours level degree, who have completed the CT-series of the Examinations of the Institute and Faculty of Actuaries (UK), OR equivalently, the A100 and A200-series of the Actuarial Society of South Africa (AS) will be considered. 

What you'll need to do to apply: Applicants must submit a detailed research proposal in advance, and acceptance is subject to supervision capacity. 

What you can expect: Candidates can undertake coursework at NQF levels 8 and 9 that could count towards final qualification as an actuary, specialising in their preferred area of expertise. The credit dissertation weighting allows students to qualify for NRF funding. The degree may be done full-time (typically over 2 years) but is often done on a part-time basis, in which case it might take longer. Part-time students would generally not undertake more than one course per semester. 

This Masters Degree is done by coursework and dissertation. The prescribed courses (listed below) are offered in conjunction with the University of Stellenbosch (72 credits at NQF levels 8 & 9). The coursework is coupled with research in a dissertation (108 credits at level 9) BUS5002W Total: 180 credits. Prospective students can also apply for credit for up to 36 points towards coursework regarding equivalent– level examinations passed through the UK, the AS, or another university. 

Code Course and name     NQF Credits NQF Level
BUS5042F Health and Care 36 9
BUS5040S General Insurance 36 9
BUS5018F Life Insurance 36 9
BUS5019S Pensions 36 9
BUS5035S Specialist Finance & Investment 36 9
BUS4027W Actuarial Risk Management  54 8

For more information on this degree, please see pages 61 and 62 of The 2021 Faculty of Commerce Postgraduate Handbook.

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