Bachelor of Science in Actuarial Science (BSc. AS)

Introduction

This qualification is intended for a person who prepares and presents actuarial reports, analyze mathematical models in various actuarial applications, apply actuarial skills acquired in carrying out evaluations, risk assessments and forecasts under minimum supervision, implements any prevailing organization policies, apply mathematical and statistical expertise to aid decision making in actuarial environment.

Programme Objectives

At the end of the programme graduates are expected to:

i) Present fundamental actuarial ideas and arguments to non-actuaries;

ii) Prepare and present actuarial reports;

iii) Construct and analyze mathematical models in various actuarial applications;

iv) Apply the knowledge acquired to undertake any actuarial professional examinations; and

v) Apply actuarial skills acquired in carrying out evaluations, risk assessments and forecasts under minimum supervision.

Programme Duration

The Programme runs for three (3) years.

Tuition Fee Structure

i) For Tanzanians is Tshs. 1,500,000 payable in two installments.

ii) For Foreign Students is US$ 1,800 payable in two installments.

Entry Qualifications

Entry Requirement and Eligibility

Direct Entry: Two principal passes at A-level one of which must be in Mathematics.

Modules

Curriculum Structure

Year I  Semester I

Subject Code Subject Name
ASU07101 Introduction to Calculus
ECU07101 Micro Economics
ASU07102 Introduction to Actuarial Science
ASU 07103 Introduction to Statistics
ASU 07104 Introduction to Pension Mathematics
ASU 07105 Linear Algebra
Semester II  
ASU07206 Functions of Several Variables
ECU07202 Macro Economics
ASU07207 Differential Equations
AFU07201 Principles of Accounting
ASU07208 Numerical Methods
ITU07205 Introduction to Computer
  Year II Semester III
ASU07309 Financial Mathematics
ASU07310 Probability Theory
ASU07311 Actuarial Risk Management
ITU 07307 Computer Programming
ASU 07312 Contingency I
ASU 07313 Operations Research
ASU 07316 Field Work Report I
ASU 07314 Time Series and Forecasting (Elective)
ASU 07315 Investment Analysis (Elective)
Semester IV  
ASU07417 Introduction to Financial Economics
RMU07401 Research Methodology
ASU07418 I Introduction to Risk Theory
ASU07419 Stochastic Processes
ASU07420 Survival Models
ASU07421 Demographic Methods
  Field Work Report II
Year III Semester V  
ASU08501 Risk Theory
AFU08501 Finance and Financial Reporting
ASU08502 Contingency II
MSU08502 Entrepreneurship
ASU08503 Field Work Report II
MSU08501 Strategic Management (Elective)
IRU08502 Life Insurance (Elective)
Semester VI  
ASU08604 Actuarial Practices
ASU08605 Professionalism and Business Ethics
ASU08606 Econometrics
ASU08607 Financial Economics
ASU08508 Statistical Inferences
SPU08606 Health Care Modelling &Financing (Elective)
ASU08609 None – Life Insurance Policies (Elective)
MSU08602 Human Resource Management (Elective)

Careers

Carrier Opportunities

The programme is designed to produce candidates who prepares and presents actuarial reports, analyze mathematical models in various actuarial applications, apply actuarial skills acquired in carrying out evaluations, risk assessments and forecasts under minimum supervision, implements any prevailing organization policies, apply mathematical and statistical expertise to aid decision making in actuarial environment