3 years
Full time
Bachelor's degree
Scholarships available
On campus
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About this program

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.

Admission requirements

  • The admission requirements apply to students who apply for admission to the University of Pretoria with a National Senior Certificate (NSC) and Independent Examination Board (IEB) qualifications.
  • Applicants with qualifications other than the abovementioned should refer to Brochure: Undergraduate program Information 2022: Qualifications other than the NSC and IEB/
  • Citizens from countries other than South Africa (applicants who are not South African citizens) should also refer to Brochure: Newcomer’s Guide 2021.
  • School of Tomorrow (SOT), Accelerated Christian Education (ACE) and General Education Development Test (GED): The University of Pretoria no longer accepts qualifications awarded by these institutions.
  • National Certificate (Vocational) (NCV) Level 4: The University of Pretoria may consider NCV candidates, provided they meet the exemption for bachelor’s status criteria and the program requirements.

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Program content

Curriculum: Year 1

Fundamental modules

  • Academic information management 111
  • Academic information management 121
  • Language and study skills 110
  • Academic orientation 102

Core modules

  • Economics 110
  • Economics 120
  • Financial management 112
  • Financial management 122
  • Actuarial and Financial Mathematics in practice 111
  • Actuarial and Financial Mathematics in practice 121
  • Mathematical statistics 111
  • Mathematical statistics 121
  • Calculus 114
  • Numerical analysis 123
  • Mathematics 124
  • Mathematical modelling 152

Curriculum: Year 2

Core modules

  • Financial mathematics 211
  • Contingencies 221
  • Mathematical statistics 211
  • Applications in data science 212
  • Mathematical statistics 221
  • Linear algebra 211
  • Calculus 218
  • Analysis 220
  • Differential equations 264

Curriculum: Final year

Core modules

  • Multivariate analysis 311
  • Stochastic processes 312
  • Time-series analysis 321
  • Actuarial statistics 322
  • Financial engineering 354
  • Financial engineering 364

Scholarships & funding

Several scholarship options are available. Please visit the university website for more information.


Undergraduate Tuition fees per faculty in 2022

  • 1st year: 50 000 - 63 000 + 15% VAT
  • 2nd year: 50 000 - 66 000 + 15% VAT
  • 3rd year: 45 000 - 56 000 + 15% VAT


Total credits: 434

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About this institute

University of Pretoria - Faculty of Natural and Agricultural Sciences

The pandemic has allowed us to re-imagine what a university should look like and how it should conduct its core business of research, teaching and learning, and community engagement. We have moved away from emergency online teaching, and we are...

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Why study at University of Pretoria - Faculty of Natural and Agricultural Sciences

Our excellence in teaching and research is recognised by our large number of partners outside of academia. We work together with several companies, non-profit organisations, industry bodies, and government departments, which means that the qualification you receive from NAS gives you a unique edge for employment. The excellent research and teaching you are exposed to during your training, combined with valuable real-world experience, will make you a sought-after candidate for employment.

We are known for our expertise in forestry and agriculture, the life sciences and mathematical and statistical sciences—all supported by genuine scholarship and excellence in the basic sciences. We offer some unique degrees (in Meteorology and Nutrition, for example), and even though there may be similar offerings elsewhere, we have attractive double major options (and even a unique triple major in Human Physiology, Genetics and Psychology). Food- and water security in Africa, which are two of our many focus areas, can be approached from many angles: climate change, biotechnology, crop development, breeding, data science, agricultural economics, insurance risk, consumer behaviour, indigenous crops, pests and diseases, carbon cycling and environmental change, to name but a few.

Contact info

University of Pretoria - Faculty of Natural and Agricultural Sciences

cnr Lynnwood Road and Roper Street
South Africa

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Want to know more about BSc (Actuarial and Financial Mathematics)? Fill out the following form and we'll pass your details on to a representative from the school, who will respond to your enquiry.


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