Program Overview

Programme: BSc in Actuarial and Financial Mathematics

The BSc in Actuarial and Financial Mathematics is a three-year programme offered by the Faculty of Natural and Agricultural Sciences at the University of Pretoria.

Admission Requirements

To be eligible for admission, applicants must meet the following requirements:

• Achievement level: NSC/IEB
• English Home Language or English First Additional Language: 5
• Mathematics: 7
• APS: 36

Life Orientation is excluded when calculating the APS.

Programme Information

The programme consists of three years of study, with a minimum duration of three years. The total credits required for the programme are 434, and the NQF level is 07.

Curriculum

The curriculum for the programme is as follows:

Year 1

• Fundamental modules:
  • AIM 111: Academic information management 111
  • AIM 121: Academic information management 121
  • LST 110: Language and study skills 110
  • UPO 102: Academic orientation 102
• Core modules:
  • EKN 110: Economics 110
  • EKN 120: Economics 120
  • FBS 112: Financial management 112
  • FBS 122: Financial management 122
  • IAS 111: Actuarial and Financial Mathematics in practice 111
  • IAS 121: Actuarial and Financial Mathematics in practice 121
  • WST 111: Mathematical statistics 111
  • WST 121: Mathematical statistics 121
  • WTW 114: Calculus 114
  • WTW 123: Numerical analysis 123
  • WTW 124: Mathematics 124
  • WTW 152: Mathematical modelling 152

Year 2

• Core modules:
  • IAS 211: Financial mathematics 211
  • IAS 221: Contingencies 221
  • WST 211: Mathematical statistics 211
  • WST 212: Applications in data science 212
  • WST 221: Mathematical statistics 221
  • WTW 211: Linear algebra 211
  • WTW 218: Calculus 218
  • WTW 220: Analysis 220
  • WTW 264: Differential equations 264
• Elective modules:
  • IAS 282: Financial mathematics 282
  • WTW 221: Linear algebra 221

Year 3

• Core modules:
  • WST 311: Multivariate analysis 311
  • WST 312: Stochastic processes 312
  • WST 321: Time-series analysis 321
  • WST 322: Actuarial statistics 322
  • WTW 354: Financial engineering 354
  • WTW 364: Financial engineering 364
• Elective modules:
  • IAS 353: Contingencies 353
  • IAS 382: Survival models 382
  • WTW 310: Analysis 310
  • WTW 320: Complex analysis 320
  • WTW 381: Algebra 381
  • WTW 382: Dynamical systems 382
  • WTW 383: Numerical analysis 383
  • WTW 386: Partial differential equations 386

Promotion to Next Study Year

A student will be promoted to the following year of study if they have passed 100 credits of the prescribed credits for a year of study, unless the Dean decides otherwise.

General Promotion Requirements

All students whose academic progress is not acceptable can be suspended from further studies. A student who is excluded from further studies may apply in writing to the Admissions Committee for re-admission.

Transfer to the BSc (Actuarial and Financial Mathematics) Degree Programme

Transfers to the BSc (Actuarial and Financial Mathematics) degree are considered on application. Applications are handled by Student Administration and are generally approved when students meet the requirements specified below. Final admission in all cases is dependent on the capacity of the programme.