Which University Is Best for Actuarial Science in South Africa
What is called actuarial science?
Actuarial science is the study of risk quantification via the use of mathematics, probability, and statistics.
What do actuaries do?
Actuaries assess the financial consequences of risk and uncertainty. They estimate the risk of prospective events using mathematics, statistics, and financial theory, and they assist businesses and clients in developing policies that reduce the cost of that risk.
Is actuary a good career in South Africa?
Actuaries are a good career option because qualified actuaries in South Africa are in high demand and have little trouble securing top positions in corporations or cooperatives.
Which university is best for actuarial science in South Africa?
The following universities are the best universities for actuarial science in South Africa:
1. University of Pretoria
2. University of Cape Town
3. University of the Free State
4. University of South Africa
5. University of the Witwatersrand
6. Stellenbosch University
7. North‑West University
8. Heriot‑Watt University
What are the subjects required to study actuarial science in South Africa?
The subjects required by most tertiary institutions include:
Physical Science
Mathematics
English Home Language/English First Additional Language
What is the APS Score mark for actuarial science courses?
The Admission Point Score (APS) for actuarial science courses is 34 and above.
How long does it take to study actuarial science in South Africa?
Bachelor of Actuarial Science degree is a four year full-time study program.
How much does it cost to study actuarial science in South Africa?
The cost required to study actuarial science degree is averagely R3, 00,000 per year.
How much is an actuary paid in South Africa?
The average actuary salary in South Africa is R 6 000 000 per year or R 3 077 per hour.
How can I become an actuary?
Earn a bachelor’s degree in actuarial science.
Take additional classes (if required).
Apply to a professional organisation and pass certification examination.
