Overview
The Undergraduate Program in Statistics and Actuarial Science offers a comprehensive education designed to equip students with the quantitative and analytical skills essential for success in today's data-driven industries. Our program combines a strong foundation in mathematics, probability, and statistical theory with specialized training in actuarial science, preparing students to assess risk and make informed decisions in finance, insurance, and beyond. Students will engage in rigorous coursework that covers topics such as statistical modeling, data analysis, financial mathematics, and risk management. In addition to theoretical knowledge, the program emphasizes practical experience through hands-on projects, internships, and opportunities to apply statistical techniques to real-world problems. Our graduates are well-prepared to pursue professional careers as actuaries, statisticians, data analysts, and other related roles. They are also equipped to sit for actuarial certification exams, further enhancing their qualifications in the competitive job market. By fostering critical thinking, problem-solving, and communication skills, our program ensures that students are ready to meet the challenges of their chosen careers and make significant contributions to the field of statistics and actuarial science.
Aims & Objectives
The objective of the Undergraduate Program in Statistics and Actuarial Science is to provide students with a robust foundation in statistical theory and actuarial science, equipping them with the analytical and problem-solving skills necessary to succeed in various professional fields. The program aims to:
- Develop Core Competencies: Ensure that students acquire a deep understanding of mathematical, statistical and actuarial principles, enabling them to apply these concepts to analyze and interpret complex data.
- Prepare for Professional Success: Equip students with the knowledge and skills required to pursue careers as actuaries, statisticians, data analysts, and related professions. This includes preparation for actuarial certification exams and other professional qualifications.
- Foster Critical Thinking: Cultivate the ability to critically assess risk, uncertainty, and variability in various contexts, making informed decisions based on quantitative analysis.
- Encourage Practical Application: Provide hands-on experience through internships, projects, and real-world applications, allowing students to apply their theoretical knowledge in practical settings.
- Enhance Communication Skills: Develop students' ability to effectively communicate complex statistical and actuarial concepts to both technical and non-technical audiences.
- Promote Ethical Awareness: Instill a strong sense of professional ethics and responsibility, particularly in relation to the use and interpretation of data and the management of financial risk.
By achieving these objectives, the program seeks to produce graduates who are well-rounded, highly skilled, and ready to contribute to the fields of statistics and actuarial science.
Entry Requirements
Bachelor of Science degree in any one of the following Combinations:
Statistics, Actuarial Science, Statistics and Mathematics, Statistics and Computer Science, Actuarial Science and Mathematics, Statistics with Mathematics or Statistics with Computer Science.
Entry requirements:
Core: Credit passes in English, Core Mathematics, Integrated Science & Social Studies
Electives: Credit passes in Elective Mathematics and any two subjects with at least a B3 in Elective Mathematics and Core Mathematics
NOTE: For international applicants, visit UG admissions page