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Undergraduate options in Actuarial Science
Home > Programmes > Undergraduate Programmes > Undergraduate options in Actuarial Science

Undergraduate options in Actuarial Science

The section of Actuarial Science offers a variety of options for students. The choices range in both Actuarial Science and Quantitative Science.

What's the difference between each of these specifications? 

In Actuarial Science, you learn to identify and evaluate uncertain future events and financial risks for organisations. Actuaries typically work in insurance, risk management, and banking.

And in Quantitative Finance shares the same foundations as Actuarial Science, but with more emphasis on applications in the investment and financial industries. Career options include fields like investment banking, derivatives trading, and quantitative asset management. 

What are your options when choosing between an Actuarial Science or Quantitative Finance undergraduate degree? 

Bachelor of Business Science in Actuarial Science [CB003BUS01]
Bachelor of Commerce in Actuarial Science [CB019BUS01]
Bachelor of Commerce in Actuarial Science specialising in Quantitative Finance [CB019BUS09]
Bachelor of Business Science in Actuarial Science specialising in Quantitative Finance [CB003BUS09]
Actuarial Conversion Course Advanced Diploma in Actuarial Science [CU020BUS01]

What's the difference between BBusSc and BCom? 

  • Entry requirements are similar for both degrees.
  • Each degree offers a variety of postgraduate options to cater both for the interests of our students and employment needs.
  • Both degrees are highly marketable.

In the standard format, a BBusSc takes four years to complete, and a BCom takes three years.

As the BBusSc takes a year longer to complete, students specialise in a discipline up to 4th year (level 8) enabling them to apply for a related Master’s degree. BCom students can apply to do a 4th year (level 8) qualification known as Honours or a Postgraduate Diploma after completing their 3-year degree. This enables them to apply to a related Master’s degree after finishing Honours or a Postgraduate Diploma.

The BCom and BBusSc degrees may also be taken by South African students affected by disparities in educational or life experiences through the Academic Development (AD) option offered through the Commerce Education Development Unit (EDU). The BBusSc can be taken over a four- or five-year period, and the BCom over a three- or four-year period. In the EDU, students receive a range of additional support. 

The curriculum may be divided into the following categories of courses:
(a) Core courses in Business Science
(b) Ancillary and related courses 
(c) Courses specifically corresponding to subjects of the Actuarial Society of South Africa.

For more information on entrance to the actuarial profession please consult pages 14 and 15 of the  2021 Faculty of Commerce Undergraduate Handbook

You may only choose of the following options when you apply:

  • Actuarial Science BBusSc or BCom
  • Mainstream or Academic Development programme

Please note:  If you do not meet the conditional offer points for Actuarial Science, but you meet the criteria for the other Commerce degrees, we will automatically make you an offer for those degrees. If, in your final Matric and NBTs, you meet the minimum Actuarial Science entrance criteria, you will be eligible to register for an Actuarial Science degree.

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