University of Cape Town (UCT) Actuarial Science specializing in Quantitative Finance General Admission Requirements for 2023. All UCT prospective students should check the Actuarial Science specializing in Quantitative Finance General Entry Requirements before enrolling.
Actuarial science is a discipline that involves maths and stats methodology to assess risk in insurance, finance, and other industries as well as professions.
What type of person would be interested in Actuarial Science?
This field is a good fit for anyone who loves maths, analysing data, and using the well-thought-out methodology to find conclusions. Actuarial Science is also a fantastic field for anyone who likes evaluating risks and maintaining the economic stability of insurance or financial organisations.
Check out the UCT Economics and Statistics Requirements
What could you do with an organisational Actuarial Science degree?
Actuaries use statistical techniques to solve financial and business problems. They evaluate uncertain future events and various other financial risks. Being able to quantify uncertainty and risk helps individuals and companies concentrate on proactively managing their risk and ensuring that they can withstand future adverse events. Actuaries operate within a strict professional and ethical framework. It is important to note that actuaries cannot predict the future, but by using statistical techniques given past events and the current environment, they can help to optimise decision-making for future uncertain events. While it is true that most actuaries work in the finance and insurance industry is worth noting that within this general industry there are numerous specialised career fields For instance as a health insurance actuary, you would calculate the costs of providing healthcare services to determine how much an insurance company should charge policyholders for premiums. Life insurance companies, too, use actuaries to determine likely life expectancy and premium rates based on an individual’s risk factors. Other actuaries work in property and casualty insurance, again compiling and analysing data used to write insurance policies.
Degrees offered by Actuarial Science:
Bachelor of Business Science in Actuarial Science [CB003BUS01] Bachelor of Commerce in Actuarial Science [CB019BUS01] Bachelor of Commerce in Actuarial Science specialising in Quantitative Finance [CB019BUS09] Bachelor of Business Science in Actuarial Science specialising in Quantitative Finance [CB003BUS09] Actuarial Science Conversion Course – Actuarial Science specializing in Quantitative Finance [CU020BUS01]
Postgraduate Diploma in Actuarial Science [CG012BUS01 January intake/CG042BUS01 June intake] Bachelor of Commerce Honours specialising in Actuarial Science [CH001BUS01] Bachelor of Commerce Honours specialising in Quantitative Finance [CH001BUS09]
Master of Commerce (by Coursework and Dissertation) specialising in Actuarial Science [CM031BUS01] Masters degree in Actuarial Science (dissertation only)
MPhil Analytical Population Research Master of Philosophy (by Coursework and Dissertation) specialising in Analytical Population Research [CM033BUS11]
Your next move
UCT offers many programmes. If you do not meet up to the requirements of this programme you can consider another programme on the list.
However, if you meet the requirements and wish to apply to study this course. You can simply check the application processes.