BIEMANN
Business · High demand · scarce skill
Study Actuarial Science in South Africa
Price risk for insurers, banks and pension funds using advanced mathematics and statistics.
38–42Typical APS range
3 years + board examsStudy duration
R 450k – R 1.4mSalary range a year
82/100Growth outlook
School subjects
- Mathematics (80%+)
- English
Qualifications
- BSc Actuarial Science
- BCom Finance
- BSc Mathematical Sciences
Skills you will build
- Probability & statistics
- Financial mathematics
- Modelling
- Communication
Strong universities for this field
Example programmes and APS
| Programme | University | APS |
|---|---|---|
| BSc Actuarial Science | University of Cape Town | 42 |
| BCom Finance | University of the Witwatersrand | 40 |
| BSc Mathematical Sciences | Stellenbosch University | 36 |
| BSc Actuarial Science | University of the Free State | 34 |
Questions
Actuarial Science: frequently asked
What subjects do I need to study Actuarial Science?
Most institutions look for: Mathematics (80%+), English. Check each university’s exact minimums.
What APS do I need for Actuarial Science?
Programmes in Actuarial Science typically ask for an APS of about 38–42, depending on the institution and qualification. Calculate your APS.
How long does it take to study Actuarial Science?
Usually 3 years + board exams for a first qualification, with optional honours or professional years after that.
What can I earn in Actuarial Science?
Typical South African salaries range from about R 450k – R 1.4m a year, rising with experience and specialisation. Demand is currently high and the field is on the national scarce-skills list.
