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Wits University Faculty of Science

Programme overview

Actuaries require a high degree of numerical literacy and are trained in mathematics, probability and statistics. They apply analytical, statistical and mathematical skills to financial and business problems, especially those which involve uncertain future events, such as in life insurance, general insurance, risk management, health care financing, investments, corporate finance, banking, retirement funding and social security. They are able to provide realistic solutions to complex problems with a long term forward view. They are recognised to be pragmatic, innovative and numerate.

At Wits ten Fellow actuaries are on the permanent staff, the largest complement of any South African university. In addition, a further six Fellows are employed on a sessional lecturer basis.

Our Actuarial lecturers have extensive practical experience and participate actively in professional, business and community affairs providing exposure to practical case studies.

Students receive a strong statistical foundation for their actuarial courses, with statisticians working together with the actuaries to provide courses tailored to the needs of both professions.

Wits is the only university on the African continent that offers exemption from 12 of the 13 professional Actuarial examinations through a four year study path.

Students who are interested in majoring in the Actuarial Sciences need a high degree of mathematical literacy. 

Career opportunities exist in insurance, finance, risk management, banking, investments and healthcare.

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Career Opportunities

  • Life insurance/ General insurance
  • Retirement Funding
  • Health Care
  • Banking
  • General Management
  • Asset Management
  • Enterprise Risk Management
  • Research and Planning
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Entry Requirements

Science

Programme Minimum Admission Requirements  Selection procedures
APS Subjects & achieved scale
Bachelor of Science in the field of:
  • Astronomy and Astrophysics
  • Chemistry with Chemical Engineering
  • Nuclear Sciences and Engineering
43 points and above English HL or 1st Add Lang - 5
Mathematics - 6
Physical Science - 6
Applicants between 40 - 42 points will be waitlisted subject to the availability of places
  • Physical Sciences
40 points and above English HL or 1st Add Lang - 5
Mathematics - 6
Physical Science - 5
Applicants between 38 - 39 points will be waitlisted subject to the availability of places.
  • Computer Science
40 points and above English HL or 1st Add Lang - 5
Mathematics - 6
Applicants between 38 - 39 points will be waitlisted subject to the availability of places.
  • Biological Sciences
  • Geographical and Archaeological Sciences
40 points and above English HL or 1st Add Lang - 5
Mathematics - 5
Applicants between 38 - 39 points will be waitlisted subject to the availability of places.
  • Geological Sciences
40 points and above  English HL or 1st Add Lang - 5
Mathematics - 6
Physical Science - 5
Applicants between 38 - 39 points will be waitlisted subject to the availability of places.
 
  • Actuarial Sciences
  • Mathematical Sciences
40 points and above English HL or 1st Add Lang - 7
Mathematics - 7
Physical Science - 7
Applicants between 38 - 39 points will be waitlisted subject to the availability of places.
  • Mathematics of Finance
42 points and above English HL or 1st Add Lang - 5
Mathematics - 6
Applicants between 40 - 41 points will be waitlisted subject to the availability of places.
Bachelor of Science (General)
BSc (3 years)
40 points and above English HL or 1st Add Lang - 5
Mathematics - 5
Applicants between 38 - 39 points will be waitlisted subject to the availability of places.
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Application Process

Your application

  • You may apply for three programmes (degrees).
  • Applications to Wits must enclose a non-refundable application fee of R100 (for international applicants, R700).

Documentation / Checklist

  • Submit your Grade 11 report which must be signed and stamped by your school principal.
  • If you have already matriculated, attach a copy of your matric certificate.

Submit your application, required documentation and application fee before the closing date.

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Apply now

Closing Dates

30 June 2018
Faculty of Health Sciences (All programmes)
Bachelor of Architecture
Bachelor of Audiology
Bachelor of Speech-Language Pathology

30 September 2018
All other University programmes
Residence applications 

Online applications
  • Complete an online application to study at Wits
Apply now
Course Costs

The average course costs for local students range from R34 000 to R62 000, depending on the course and the number of years of study.
Tuition fees are payable for each course for which a student is registered. 

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