BSc (Actuarial and Financial Mathematics)

BSc (Actuarial and Financial Mathematics)

Developments in the modern financial industry have led to a rapidly changing financial world. These changes create a growing need for graduates who are well skilled in the financial models and quantitative techniques that are used in modern actuarial and financial mathematical applications. Students who are enrolled for a BSc (Actuarial and Financial Mathematics) degree can tailor their coursework in either an actuarial or a financial mathematics option throughout their three years of study. The program provides students with a broad education that will serve them beyond what is usually expected of a graduate in these fields.

The actuarial program is structured to provide the aspiring actuary with the opportunity to fulfil the requirements needed for exemption from the ASSA examinations in the shortest possible time. In order to achieve the maximum exemptions, a follow-up honours degree is recommended. Students who elect not to complete the actuarial qualification will be well equipped to enter the financial services industry or apply for a host of other postgraduate degree options.

For aspiring financial analysts or engineers, the program provides depth and develops the student’s ability to design and analyse financial products. The analytical techniques that are essential for modelling the stochastic behaviour of financial processes and analysing the resulting effects on investment portfolios are studied.