Actuarial Science and Financial Mathematics

B.Sc. In Actuarial Science

The discipline of Actuarial Science is based on the evaluation of the financial, economic and business implications of future contingent events. This programme is designed to provide students with knowledge and skills required for developing models and providing solutions for financial. economic and business problems. In addition, the programme equips students with the required knowledge for professional examinations of the Institute and Faculty of Actuaries, Society of Actuaries, Casualty Actuarial Society  and Actuarial Society of South Africa.

Graduates of this course work in areas such as

  • Finance and Investment
  • Insurance (Life and Non-Life)
  • Pensions
  • Government Service
  • Consultancy

Admission Requirements for the Program

Applicants wishing to join this programme must have at least:

  • KCSE Mean Grade of B+(B plus) with at least B+ (B plus) in mathematics
  • Diploma in Statistics or Diploma in Computer Studies
  • Diploma in Education, with mathematics as a major subject
  • A-level: Two Principal passes in Mathematics/Physics, Mathematics/Chemistry, Mathematics/Geography or Mathematics/Economics.
  • A degree in a Mathematical subject from a recognized university

CREDIT TRANSFERS AND EXEMPTIONS

A candidate may be exempted from some course units and credits transferred from approved institutions, subject to the following conditions

  • Request for exemption should be made in writing, on admission, addressed to the Director School of Mathematics and must be accompanied by officially endorsed supporting documents including institution syllabuses for the relevant courses.
  • Payment of appropriate exemption fees.
  • No candidate shall be exempted from more than one third of the total number of units, required in the course.
  • A candidate may be required to sit and pass applicable University of Nairobi examinations in the relevant course units, upon payment of fees.
  • Duration and Graduation
  • The minimum duration for this courses is 4 academic years. The complete course takes 8 semesters, each of 15 weeks. The total number of units required for the entire course is 44.
  • A student is required to attend  at least 67% of the classes for each unit to qualify to sit for the examinations
  • DEGREE CLASSIFICATION

    The degree classification will be based on the average of all units taken in years 3 and 4 and classified as follows

    Classification

    Average Score

    FIRST CLASS HONOURS

    70%-100%

    UPPER SECOND CLASS HONOURS

    60%-69%

    LOWER SECOND CLASS HONOURS

    50%-59%

    DISCONTINUED

    Passed less than 4 units

Grading system

The letter grades are  assigned as follows:

A

70% to 100%

B

 60%-69%

C

50%-59%

D

40%-49%

E

Below 40%

 

 

 

 

 

 

 

 

 

 

 

 

UoN Website | UoN Repository | ICTC Website


Copyright © 2017. ICT WebTeam, University of Nairobi