School of Business and Management

Bachelor of Science in Actuarial Science (BACT)

Course over view


The course of study of the Bachelor of Science in Actuarial Science degree shall be completed in a period of:
(i) Four (4) years for Full-Time ,Part-Time and Long Distance Students.

Entry requirements

Minimum entry requirement: Five (5) “O” level credits or better which must include English Language and Mathematics.

Course Structure

First Year
First Semester
  1. BAS100 Introduction to Actuarial Science
  2. BAS110 Calculus(i)
  3. BBA120 Business Mathematics
  4. BBA140 Business Environment
  5. BBA141 Communication Skills
  6. ECF100 Principles of Economics
Second Semester
  1. AFIN102 Financial Accounting
  2. BAS120 Probability and Statistics I
  3. BAS140 Calculus(ii)
  4. ECF110 Introduction to Macro Economics
  5. HRM100 Management Theory and Practice
Second Year
First Semester
  1. BAS200 General Insurance Theory
  2. BAS210 Probability and Statistics II
  3. BAS212 Linear Algebra
  4. BAS240 Financial Mathematics I
  5. BBA230 Computer Appreciation and Information Management
Second Semester
  1. AFIN209 Corporate Finance and Financial Modeling
  2. BAS250 Financial Mathematics II
  3. BAS260 Statistical Inference
  4. BBA170 Business Law
  5. BIT112 Introduction to Programming
Third Year
First Semester
  1. BAS300 Acturial Mathematics I
  2. BAS310 Risk Theory for Actuarial Science
  3. BAS320 Computational Methods and Data Analysis
  4. BAS330 Life Contingencies I
  5. BF360 Operations Research
Second Semester
  1. BAS340 Actuarial Mathematics II
  2. BAS350 Life Contingencies II
  3. BAS370 Insurance and Pensions Law
  4. BAS380 Loss Distribution and Credibility Theory
  5. BBA260 Research Methodology
Fourth Year
First Semester
  1. BAS410 Stochastic Modelling/Processes
  2. BAS420 Actuarial Demographic Techniques
  3. BBA410 Strategic Management
  4. BF320 Investment analysis and Portfolio management
  5. D400 Dissertation
Second Semester
  1. BAS400 Project
  2. BAS430 Financial Economics for Actuarial Science
  3. BAS440 Applied Time Series Analysis
  4. BAS450 Survival Models
  5. BIP420 Pensions Regulation and Management