BSc Actuarial and Financial Mathematics at University of Pretoria

Actuarial Science is the mathematical and statistical underpinning of the design, financing, and operation of all types of insurance, pension plans, and benefit plans.

The financial math track provides students with a foundation of the mathematics used in financial markets.

Admission requirements

The closing date is an administrative admission guideline for non-selection programs. Once a non-selection program is full and has reached the institutional targets, then that program will be closed for further admissions, irrespective of the closing date.

However, if the institutional targets have not been met by the closing date, then that program will remain open for admissions until the institutional targets are met.

The following persons will be considered for admission: Candidates who are in possession of a certificate that is deemed by the University to be equivalent to the required National Senior Certificate with university endorsement, candidates who are graduates from another tertiary institution or have been granted the status of a graduate of such an institution, and candidates who are graduates of another faculty at the University of Pretoria.

Life Orientation is excluded from the calculation of the Admission Point Score (APS).

Grade 11 results are used for the conditional admission of prospective students. Final admission is based on Grade 12 results.

Please note that the Faculty does not accept GED and School of Tomorrow qualifications for entry into our programs.

Transferring students

Candidates previously registered at UP or at another university

The faculty’s Admissions Committee considers applications of candidates who have already completed the final NSC or equivalent qualification examination and/or were previously registered at UP or another university, on grounds of their final NSC or equivalent qualification results as well as academic merit.

Candidates previously registered at a FET college or a university of technology

The faculty’s Admissions Committee considers the application of these candidates on the grounds of their final NSC or equivalent qualification results as well as academic merit.

Qualifications from countries other than South Africa

Citizens from countries other than South Africa and South African citizens with foreign qualifications must comply with all the other admission requirements and the prerequisites for subjects/modules.

In addition to meeting the admission requirements, admission is based on the performance in the TOEFL, IELTS, or SAT, if required.

Candidates must have completed the National Senior Certificate with admission to degree studies or a certificate of conditional exemption on the basis of a candidate’s foreign qualifications, the so-called “Immigrant” or “Foreign Conditional Exemption”.

The only condition for the “Foreign Conditional Exemption” that is accepted is: ‘completion of the degree course’.

The exemption certificate is obtainable from Universities South Africa (USAF).

Detailed information is available on the website at click here.

University of Pretoria website: click here

Minimum requirements
Achievement level
English Home Language or English First Additional LanguageMathematicsAPS
NSC/IEBAS LevelNSC/IEBAS Level
5C7A36

Cambridge A-level candidates who obtained at least a D in the required subjects will be considered for admission.

International Baccalaureate (IB) HL candidates who obtained at least a 4 in the required subjects, will be considered for admission.

Candidates who do not comply with the minimum admission requirements for BSc (Actuarial and Financial Mathematics), may be considered for admission to the BSc – Extended program – Mathematical Sciences. This program takes a year longer than the normal programs to complete.

BSc – Extended program – Mathematical SciencesMinimum requirements
Achievement level
English Home Language or English First Additional LanguageMathematicsAPS
NSC/IEBAS LevelNSC/IEBAS Level
4D5C28

Admissions from the BSc — Extended programs to the BSc (Actuarial and Financial Mathematics) programs will only be considered if students have passed all their first-year modules with a weighted average of at least 60%, passed IAS 111, and achieved a minimum mark of 60% for WTW 143 and WTW 153.

Minimum duration of study: 3 years