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[TheChamp-Sharing]
WPCS 2.1.2
Tuition Fees:$4,601 /year
Applications Begin:April 2021
Final Award:Bachelor of Business Science (BBusSc)
Start Date:February 2022
Academic Unit:Faculty of Commerce
Campus:Upper Campus
Specialisations:Quantitative Finance
Application Deadline: 31 July 2021
Programme Overview

The degree of Bachelor of Business Science in Actuarial Science is a four-year professional undergraduate degree at NQF Level 8 designed for students who plan to make a career in a business enterprise or other organisation. A BBusSc graduate is eligible to apply for a Master’s Degree because the degree is awarded at the same level as an Honours degree or a Postgraduate diploma.

Curriculum

First Year

ACC1006F Financial Accounting

BUS1036F Evidence-based Management

CSC1015F Computer Science 1015

ECO1010F Microeconomics

DOC1003H Commerce Case Study

MAM1000W Mathematics I

BUS1003H Introduction to Financial Risk

ACC2011S Financial Reporting I

ECO1011S Macroeconomics

STA1006S Mathematical Statistics I

Second Year

CML1001F Business Law I

ECO2003F Microeconomics II

STA2004F Statistical Theory & Inference

MAM2000W Mathematics II

BUS2016H Actuarial Science I: Financial Mathematics

ECO2004S Macroeconomics II

FTX2024S Financial Management

STA2005S Linear Models

Third Year

BUS3018F Actuarial Science II: Models

BUS3039F People Management

STA3041F Markov Processes & Time Series

STA3045F Stochastic Processes and Distribution

BUS3024S ActuarialScienceII: Contingencies

PHI2043S Business Ethics

STA3047S Introduction to Machine Learning

STA3048S Statistical Modelling and Bayesian Analysis

Fourth Year

BUS4028F Actuarial Science III: Financial Economics

BUS4027W Actuarial Science III: Actuarial Risk Management

BUS4050W Strategic Thinking

BUS4029H Actuarial Research Project

BUS4034S Professional Communication (Actuarial Science)

Admission Requirements

FPS of 500 or above.
NBT scores of Upper Intermediate for AL & QL
Mathematics 80%
English HL 60%
English FAL 80%
(but require Proficient for AL & QL NBT’s)
A candidate must have obtained a National Senior Certificate (NSC) endorsed by Umalusi to the effect that the candidate has met the minimum requirements for degree study, or a matriculation certificate or have obtained a Senior Certificate (SC), endorsed to state that they have met the matriculation requirements or a certificate of exemption issued by the Matriculation Board.

A candidate for an undergraduate degree in the Faculty of Commerce must have matriculation endorsement/exemption.
Council and Senate may, in addition, prescribe, as a prerequisite for admission to any programme or course the attaining of a specified standard in specified subjects at the matriculation or equivalent exam (where these have been prescribed, they are set out in the admissions policy).

The minimum requirement for the period prior to the existence of Umalusi is a senior certificate issued by SAFCERT, or before 1993, issued by one of the provincial or other government education departments, or an equivalent.

Application Process
Application Fees for South African & SADC Students: $6
Application Fees for International Students: $18

Apply online

You will need a working email address and your South African identity number. If you are an international applicant, you need your passport number.

Applications close

31 July of the year prior to study for South African and international applicants.

Application status

Check your application status online or follow the directions on your letter from the admissions office in order to log in and determine your application status. Should you not have received your login and password, you may also use your names and birth date.

Career Opportunities

Graduates from an actuarial science degree program can also use their education to become;
– Business analysts
– Budget analysts
– Analysts intelligence agencies
– Research analysts
– Financial analysts
– Insurance underwriters
– Insurance claims adjusters.

Tuition Fees Details
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Tuition Fees for South African & SADC Students: $4,601
Tuition Fees for International Students: $4,602

Please note that fees and payment requirements differ for local and international students. A further distinction is made between international students from the SADC region, international students from elsewhere in Africa, and international students from outside Africa. The following information does not apply to students registering at the Graduate School of Business (GSB).

South African citizens and South African permanent residents

An initial payment of fees (for tuition and residence) is due by January. If payment is not received on or before the due date, a one-off late payment fee of 8% of the unpaid amount will be charged. You will be allowed to register if the initial payment has not been received by the due date.

The amounts due are:

Tuition cost initial payment R27,000 (or the full fee where this is lower than the initial payment),

plus if applicable;

Residence (catering) initial payment R33,000, or

Residence (self-catering) initial payment R21,500

This is not the full cost. Final payment is due 30 June 2020.

International students from the SADC region

An initial payment of fees (tuition and residence and the administrative service fee) is due before registration. If payment is not received on or before the due date, a one-off late payment fee of 8% of the unpaid amount will be charged. Allow a minimum of 14 working days for the payment to reflect in UCT’s bank account.

The amounts due are:

Tuition cost initial payment R27,000 (or the full fee where this is lower than the initial payment), plus

Non-refundable administrative service fee R4,000

plus if applicable

Residence (catering) initial payment R33,000, or

Residence (self-catering) initial payment R21,500

This is not the full cost. Final payment is due in June.

International Students

International students must make a minimum initial payment towards the tuition fees, international term fees and residence fees (where applicable), prior to registration. If payment is not received on or before the due date, a one-off late payment fee of 8% of the unpaid amount will be charged. Allow a minimum of 14 working days for the payment to reflect in UCT’s bank account.

Payment due prior to registration for:

UCT full-time international fee-paying students (except Master’s & PhD students): R95,000

This is not the full cost. Final payment is due in June.

plus if applicable:

Residence (catering) initial payment R33,000, or

Residence (self-catering) initial payment R21,500

This is not the full residence cost. Final payment is due in June.

Relevant Contact

 
Miss Nikki Cavernelis
Administrative Officer
 
Miss Joanna Legutko
Head of Section