Stream Information

Postgraduate Diploma in Actuarial Science

Objective

The programme extends over a minimum of one year of full time or two years of part time study. It covers material studied by candidates attempting some of the ST examinations set jointly by the Institute of Actuaries and the Faculty of Actuaries.

Rules

The following may be admitted as candidates for the Diploma:

Graduates of this or any other university recognised for this purpose by the Senate, who have been exempted from or have passed the examinations in Subjects CT1-CT8 of the joint examinations set by the Institute of Actuaries and the Faculty of Actuaries

For award of the Diploma a candidate will be required to complete courses worth at least 16 points, at least 8 points of which must come from the following courses: (bracketed numbers indicates points)

BUS5018F Life Insurance (4)
BUS5019F Pensions (4)
BUS5035S Specialist Finance & Investment A (4)
BUS5028S Pensions Specialist (8)

Concurrent registration

The Senate may permit a candidate to register concurrently for the Degree of Master of Business Science and the Postgraduate Diploma in Actuarial Science.

Credit for Courses Completed at another University or Institution

A candidate may apply for credit for up to eight points in respect of courses where where the candidate has passed an equivalent level examination at another university, through the Institute of Actuaries and Faculty of Actuaries (ST-series or SA-series, 4 points and 8 points respectively) or at another institution recognised by the Senate for this purpose.

Distinction

The diploma may be awarded with distinction

Exemptions from the Examinations of the Institute and Faculty of Actuaries

Students performing at an acceptable level (generally over 60%) in the final examinations of Life Insurance, Pensions or Specialist Finance & Investments A are eligible for exemption from the equivalent examinations of the Faculty and Institute of Actuaries (ie Subjects ST2, ST4 and ST5 respectively).

Enquiries

All enquiries should be addressed to the Actuarial Science Section, School of Management Studies, University of Cape Town, Private Bag, Rondebosch 7700.