chaguakozi | Bachelor of Science in Actuarial Sciences (IFM) - chaguakozi
Science & Technology 3 years TZS 2,300,000 - 3,500,000 per year

Bachelor of Science in Actuarial Sciences (IFM)

Bachelor of Science in Actuarial Sciences at Institute of Finance Management (IFM) applies mathematical and statistical methods to assess risk in insurance, finance, and other industries. Students lea...

Course Description

Bachelor of Science in Actuarial Sciences at Institute of Finance Management (IFM) applies mathematical and statistical methods to assess risk in insurance, finance, and other industries. Students learn probability, statistics, financial mathematics, survival models, and actuarial modeling. The programme prepares students for professional actuarial exams. Graduates work as actuaries, risk analysts, insurance mathematicians, and pension consultants in insurance companies, pension funds, and consulting firms.

Skills You Will Gain

Probability theory
Mathematical statistics
Financial mathematics (interest theory, annuities, bonds, derivatives)
Survival models (life tables, mortality, survival analysis)
Actuarial modeling
Risk theory
Loss models (claim frequency, claim severity)
Credibility theory
Ruin theory
Pension mathematics
Life contingencies
Actuarial reserving
Pricing
Valuation
Actuarial software (R, SAS, Excel, Prophet, Moses, Emblem, Radar, Tyche, Igloo, RAFM)
Predictive modeling
Stochastic processes
Time series analysis
Regression analysis
Skill Mastery Level 92%

Taught by experienced instructors

Career Opportunities

Actuary (Insurance Companies - Jubilee Insurance, Heritage Insurance, NIC, MUA, Resolution Insurance, Sanlam, Alliance, UAP, Britam, Golden Ocean, Metropolitan, Prudential, CIC, TAT, ZIC, AAR, Barclays Insurance, NICO, SAFI, Real, Axia, Maisha, UIB, LIAT, Phoenix, Reliance, TIR, Entrust, Berkley, South African, Assure, First, Fidelity, Pioneer, GA Insurance, ICEA Lion, APA, Beneficial, East Africa Re, Zep-Re), Risk Analyst (Insurance Companies, Banks - CRDB, NMB, NBC, Stanbic, ABSA), Insurance Mathematician (Insurance Companies, Reinsurance Companies), Pension Consultant (Pension Funds - NSSF, PSPF, PPF, LAPF, WCF, NHIF), Investment Analyst (Banks, Investment Companies, Pension Funds), Quantitative Analyst (Banks, Investment Banks), Actuarial Assistant, Pricing Actuary, Valuations Actuary, Reserving Actuary, Capital Modeling Actuary, Enterprise Risk Management (ERM) Actuary, Life Insurance Actuary, General Insurance Actuary, Health Insurance Actuary, Pension Fund Actuary, Reinsurance Actuary, Consulting Actuary (Actuarial Consulting Firms - Deloitte, PwC, EY, KPMG, Grant Thornton, Milliman, Towers Watson, Mercer, Aon, Willis, Gallagher, Guy Carpenter, Marsh, Oliver Wyman, McKinsey, BCG, Bain)

Entry Requirements

  • Two principal passes in Advanced Mathematics and one of the following subjects: Economics, Geography, Commerce, Accountancy, Business Studies, Physics, Chemistry, Biology, Agriculture, Education, or Computer Science. Minimum entry points: 4.0.

Universities Offering This Course

View All Universities
Institute of Finance Management (IFM) - Main Campus (Dar es Salaam)
(4.4)

Dar es Salaam

MS Training Centre for Development Cooperation (MS-TCDC)
(4.3)

Arusha

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