WPCS 2.1.2
Tuition Fees:$5,494 /year
Applications Begin:April 2021
Final Award:Master of Commerce (MCom)
Start Date:January 2022
Academic Unit:Faculty of Commerce
Campus:Upper Campus
Course Type:Master by Coursework & Dissertation
Application Deadline: 31 October 2021
Programme Overview

The Actuarial Science Section of the School of Management Studies offers a Master of Commerce specialising in Actuarial Science, recognising the need for high-level actuarial skills. Candidates can undertake coursework at HEQSF levels 8 and 9 that could count towards final qualification as an actuary, specialising in their preferred area of expertise.

In addition, it affords the opportunity to focus on high level (HEQSF level 9) actuarial research and thereby develop intellectual independence, self-direction and originality in tackling and solving actuarial problems. The credit dissertation weighting allows students to qualify for NRF funding


BUS5040S General Insurance
BUS5018F Life Insurance
BUS5019S Pensions
BUS5035S Specialist Finance & Investment
BUS4027W Actuarial Risk Management
BUS4034S Professional Communication

A dissertation

Admission Requirements

Graduates, with an Honours level degree, who have completed the CT-series of the Examinations of the Institute and Faculty of Actuaries (UK), OR equivalently, the A100 and A200-series of the Actuarial Society of South Africa (AS) will be considered. Applicants must submit a detailed research proposal in advance and acceptance is subject to supervision capacity.

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


Postgraduate applications are only possible online and must be submitted at


If you need help in completing your application, or advice about your choice of programme, contact:

Tel: (021) 650-2128 or email:

The Admissions Office is located on Level 4, Masingene Building, Middle

Campus, and will where necessary refer you to a faculty office or department for more details information or advice.

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 or insurance claims adjusters

Tuition Fees Details
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Tuition Fees for South African & SADC Students: $5,494
Tuition Fees for International Students: $5,494

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).

Students must pay the Course Fees for the selected courses, plus an International Admin Service Fee of R4, 000 plus the International Term Fee where applicable

International Admin Service Fee – R4000

International Term Fee from outside Africa- R49900

International Term Fee Non-SADC – R37263

South Africa and SADC Application fee – R100

Outside of SADC region – R300

Relevant Contact

Mr Pieter Botha
Programme Convener
Mrs Nikki Cavernelis
Administrative Officer