Degree Type:Bachelor of Science
Department:Department of Statistics
4 years (Standard Entry)
Modes of Study:Regular
The demand for actuaries is estimated to be very high both presently and for the future. A career as an actuary offers challenges and rewards. One will attain a high professional status with considerable job satisfaction. Actuaries are problem solvers, business analysts, consultants and financial risk assessors all rolled into one. Their skills are applied in the world of insurance, pensions, healthcare, banking, business management and risk assessment. This field also offers immense intellectual challenges and high incomes.
Applicants must Elective Mathematics and any two (2) of the following elective subjects: Physics, Chemistry, Economics, Business Management, Principles of Costing and Accounting.
Actuarial Science is the discipline concerned with the study and application of mathematical, statistical, probabilistic, and financial theories to solve real life and business problems. The traditional areas in which actuaries operate are: life and general insurance, pensions, and investment. Actuaries are also increasingly moving into other fields like health insurance, solvency measurements and asset- liability management, financial risk management, mortality and morbidity investigation and so on, where their analytical skills can be employed.
Actuarial science involves the study of a number of interrelating courses and disciplines, including probability, mathematics, statistics, finance, economics, financial economics, and computer programming to define, analyse and solve the financial implications of uncertain future events.
CMS 107: Communicative Skills I
Engaging in academic work at the university is challenging. This course is aimed at equipping fresh students to make the transition from pre-university level to the university level. It assists them in engaging and succeeding in complex academic tasks in speaking, listening, reading and writing. It also provides an introduction to university studies by equipping students with skills that will help them to engage in academic discourse with confidence and fluency.
ILT 101: Information Literacy
The rationale of the course is to equip students with skills that will enable them access and retrieve information in the traditional, hybrid and digital libraries. Students will be able to use ICT efficiently and effectively when they have basic knowledge of computers. The course content include: Types of libraries, library resources and their uses, the role the library plays in the academic community, introduction to computers, the internet.
CMS 108: Communicative Skills II
This is a follow-up course on the first semester one. It takes students through writing correct sentences, devoid of ambiguity, through the paragraph and its appropriate development to the fully-developed essay. The course also emphasizes the importance and the processes of editing written work.