Bachelor of Business Science in Actuarial Science | Bachelor's degree | Business | On Campus | 4 years | University of Cape Town | South Africa

The Bachelor of Business Science in Actuarial Science is a special field of The Bachelor of Business Science (BBusSc) degree. The Actuarial Programme trains experts in modelling, financial engineering and risk management. The Actuarial Science degree focuses on producing qualified actuaries. Most actuaries in South Africa are employed either by insurance companies or as consultants who manage company retirement plans, although increasing numbers are now working in investments, short-term and health insurance. Actuaries play an important role and are widely respected in their organizations. Students who graduate with a Bachelor of Business Science in Actuarial Science degree from University of Cape Town are well-prepared for further study to obtain the prestigious FIA (Fellow of the Institute of Actuaries) or FFA (Fellow of the Faculty of Actuaries) qualifications from Britain. Students who meet the demanding standard can obtain exemptions from some two-thirds of the professional examinations. At present an equivalent South African qualification is being developed by ASSA (the Actuarial Society of South Africa). University of Cape Town has applied for, and expects to be granted, accreditation for a similar range of exemptions from these examinations.