BCom (Actuarial Science) at University of Stellenbosch

B.Com (Actuarial Science) or Bachelor of Commerce in Actuarial Science is an undergraduate Commerce course. Actuarial science is the discipline that applies mathematical and statistical methods to assess risk in the insurance and finance industries.

General admission requirements

• Write the National Benchmark Tests (NBTs) AQL
• An NSC aggregate of at least 65% (excluding Life Orientation)
• See further admission requirements under the programs
• Also see the Faculty’s selection guidelines on www.maties.com > Apply > Admission and selection

An NSC aggregate of at least 80% (excluding Life Orientation)
• Mathematics 80%
• Home Language 60%
• If English is not the home language, English First Additional Language 75%

Duration 3 years

Admission requirements

For admission to the University you need:
• A National Senior Certificate or school-leaving certificate from the Independent Examination Board as certified by Umalusi with admission to bachelor’s degree studies; or
• A university exemption certificate issued by the South African Matriculation Board to students with other school qualifications.
Admission to bachelor’s degree studies requires that you obtain a mark of at least 4 (50-59%) in each of four designated university admission subjects.

Which degree is best for actuarial science?

While an actuarial career can start with a bachelor’s degree in any subject, most actuaries choose a major in mathematics, actuarial science, statistics, or another analytical field.

Coursework in economics, statistics, and corporate finance is key to achieving professional certification.

How many subjects are there in actuary?

Actuarial Statistics (CS1 and CS2)

The Actuarial Statistics (CS) module will consist of two subjects.

Actuarial Statistics 1 and 2. Each subject will consist of two exams. One is a three-hour paper-based exam and the other is a one-hour and thirty minutes computer-based exam.

Bachelor of Commerce (BCom), Actuarial Science Jobs by Salary

Job TitleRange
Job Title: Actuarial AnalystRange: R324k – R582k
Junior Actuarial AnalystRange: R215k – R448k
Senior Actuarial AnalystRange: R551k – R1m (Estimated)
Actuarial ConsultantRange: R242k – R695k (Estimated)