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Computer Science and Applied Mathematics
Actuarial Science Study the application of analytical, statistical and mathematical skills to financial and business problems.
Actuarial Science Study the application of analytical, statistical and mathematical skills to financial and business problems.

Qualification: BSc

Faculty: Science

Duration: 3 years

School: Statistics and Actuarial Science

Study mode: Full-time

Overview

Bachelor of Science (BSc) in the field of Actuarial Science: Programme code SBA03

A Wits Actuarial Science degree gives you a solid foundation for the internationally recognised actuarial examination. Over 480 graduates have qualified as actuaries since the programme began in 1983.

An actuary is a professional who applies analytical, statistical and mathematical skills to financial and business problems. This is especially valuable when facing problems involving uncertain future events or financial risks in insurance, retirement, investments and risk management environments.

The School of Statistics and Actuarial Sciences offers the largest number of accredited courses of any single university in Africa.

  • Asset Management
  • Banking
  • Consulting
  • Enterprise Risk Management
  • General Insurance
  • General Management
  • Health Care
  • Life Insurance
  • Research and Planning
  • Retirement Funding
First-year

Actuarial Science I

AND

Mathematical Statistics I

AND

Mathematics I (Major):

  • Algebra I
  • Calculus I

AND

  • Economic Theory IA Microeconomics
  • Economic Theory IB Macroeconomics

AND

  • Business Accounting I
Second-year

Actuarial Science II

AND

Mathematical Statistics II

AND

Mathematics II:

  • Abstract Mathematics 
  • Differential Equations
  • Basic Analysis
  • Linear Algebra
  • Multivariable Calculus
  • Advanced Analysis
Third-year

Actuarial Science III:

  • Computers and Communications for Actuaries
  • Life Contingencies
  • Actuarial Economics
  • Actuarial Reserving Techniques

AND

Mathematical Statistics III:

  • Multivariate Data Analytics
  • Risk Theory
  • Statistical Elements of Machine Learning
  • Stochastic Processes
  • Survival Analysis
  • Time Series

APS 42+

English Home Language OR First Additional Language Level 7

Mathematics Level 7

Physical Science Level 7

Wait-listing

Applicants with 40-41 points and Mathematics Level 7 may be wait-listed, subject to place availability.

National Benchmark Test

All Faculty of Science applicants must write the National Benchmark Tests (NBT).

Application Closing Date: 30 September 2023 | Residence Applications: 30 September 2023

  • The Student Enrolment Centre at Wits handles all student applications.
  • Please click here for an overview of the application process. 
  • Check the admission requirements for your degree. Check if any additional selection requirements apply. 
  • Submit your application, required documentation and application fee before the closing date.
  • Once you have applied, an admissions consultant will be assigned to your application.
  • Applicants can monitor the progress of their applications via the Self Service Portal.
  • If you are an international applicant and/or have a foreign qualification, please click here.

Wits Plus applicants, applications can only be done online. We will be in contact with you should we require additional documentation.

Compliance with the minimum requirements does not guarantee a place at the University. The University has a specific number of places for first year undergraduates, approved by the Department of Higher Education and Training. Final selection is made subject to the availability of places, academic results and other entry requirements where applicable.

Click here to see the current average tuition fees for the first year of study. The Fees website also provides information about the payment of fees and closing dates for fees payments. Once you have applied you will be able to access the fees estimator on the student self-service portal. 

The Financial aid office provides information on student funding and scholarships. University-funded Scholarships include Vice-Chancellor's Scholarships, University Entrance Scholarships, Equality Scholarships, Sports Scholarships and National Olympiad winner awards. For information about NSFAS funding, please visit the NSFAS website. External bursaries portal: The Bursaries South Africa website provides a comprehensive list of bursaries in South Africa.

Wits Plus applicants: terms of payment are in accordance with University regulations, and students are not eligible for University bursaries/NSFAS or residential accommodation.

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Majors

Actuarial Science and Mathematical Statistics

Enquiries
Please contact the Student Call Centre

Tel: +27 (0)11 717 1888, or
Log a query at www.wits.ac.za/askwits