The Bachelor of Science in Actuarial Science is a four-year degree programme that prepares students for careers as actuaries. In the first two years of the bachelor program, students are introduced to the foundation courses of actuarial science which include: economics, financial mathematics, industrial management, numerical analysis and calculus.
In the third and fourth years, courses are more specialized and oriented to industry needs. They include theory of estimation, complex analysis, risk theory, applied regression analysis, design and analysis of sample surveys, financial time series, credibility theory, e-commerce, and operation research and asset management.
BSc in Actuarial Science
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STUDENT’S MINI-EXHIBITION
REMINDER TO ALL STUDENTS
The University through the office of the Deputy Vice Chancellor (Research, Production and Extension) is organizing for students’ mini-exhibition. We are therefore requesting all the students to participate in this value adding exercise. The mini-exhibition is intended to promote innovation oriented culture; develop critical thinking, creativity, problem solving, self confidence, and intellectual independence.
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INTERNAL MMU MINI STUDENT TECH EXHIBITION
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- Career Opportunities
- Requirements
Graduates from this programme will be employed in the insurance industry, financial service industries, and large corporations or in consulting actuaries. In the insurance industry, actuaries may specialize in either property and casualty insurance or life and health insurance. In financial service industries actuaries are employed to manage credit and help set a price for corporate security offerings.
In large corporations, actuaries are employed to set corporate policy on risk. Consulting actuaries undertake a variety of assignments for clients which include amongst others evaluating company pension plans by calculating the future value of employee and employer contributions and determining whether the amounts are sufficient to meet the future needs of retirees; helping companies reduce their insurance costs by offering them advice on how to lessen the risk of injury on the job; and sometime testifying in court regarding the value of potential lifetime earnings of a person who is disabled or killed in an accident, the current value of future pension benefits (in divorce cases), or other values arrived at by complex calculations. Some actuaries work in reinsurance, a field in which one insurance company arranges to share a large prospective liability policy with another insurance company in exchange for a percentage of the premium.
KSCE: Mean grade B- or above with Mathematics B- or above and English C+ or above