What is Actuarial Science?
Actuarial science is the discipline that applies mathematical and statistical methods to assess risk in insurance, pension, finance, investment, and other industries and professions. More generally, actuaries apply rigorous mathematics to model matters of uncertainty and life expectancy
How Long Is An Actuarial Science Degree In South Africa
It takes, on average, 9 years to qualify as an actuary, of which 4 are normally full-time University studies and 5 years of part-time studies while the candidate is working.
Most employers offer study leave to their actuarial students as well as some form of subsidy towards the cost of further studies.
How many years does it take to become an actuary in South Africa?
REGISTER AS AN ACTUARIAL STUDENT & GAIN YOUR QUALIFICATIONS
To become a Fellow of the Actuarial Society or an Associate of the Actuarial Society you must pass our examinations, or be granted exemption from them, and also attain a satisfactory level of work-based skills. This usually takes between three and eight years.
Is there a shortage of actuaries in South Africa?
The shortage of qualified actuaries and actuarial science resources in general, remains a challenge for organisations operating in the South African financial and insurance sectors.
Which universities offer actuarial science in South Africa?
Accredited Universities:
| UNIVERSITY | WEBSITE |
|---|---|
| Cape Town | https://www.commerce.uct.ac.za/Managementstudies/actuarialscience/ |
| Pretoria | http://www.up.ac.za/insurance-and-actuarial-science |
| Johannesburg | https://www.uj.ac.za/faculties/science/ |
| Stellenbosch | http://academic.sun.ac.za/statistics/ |