Blantyre International University Bachelor of Actuarial Science
Blantyre International University Actuarial Science; Actuarial Science involves the application of quantitative skills to problems in finance that normally involve risk or uncertainty, particularly in insurance, pension and investment plans. Actuarial science degrees focus on statistical and mathematical risk analysis. Probability deals with the mathematics of uncertainty and statistics deals with modeling of the random processes based on observed data.
Actuaries are professionals who are highly trained in mathematics, statistics, economics and finance and who make it their business to solve financial problems involving future uncertainty in the areas mentioned above, with an emphasis on ensuring cost reduction and damage control to deal with unfavorable financial outcomes.
Aim of the Programme
The Bachelor of Actuarial Science programme aims to enable students to acquire the quantitative and business skills to prepare them for a career as an actuary and also offer a good starting point for those who want to use their skills in risk management, investment management or financial analysis.
Objectives of the Programme
By the end of the programme, students should be able to:
Apply Mathematics and Statistics to the operations of private and social insurance and employee benefit plans.
Put a price on risk by solving financial problems involving future uncertainty;
Work in any of the fields of insurance, actuarial consultancy or industry that is involved in actuarial work.
Entry Requirements
Applicants for admission into the programme will be subject to selective screening based on academic achievement at the secondary school level. The table below shows the standards for evaluating credentials for admission.
See Also:MUST Bachelor of Science in Geo-Information
Examination Minimum Requirement
Malawi Secondary School Certificate (MSCE) or IGSCE/GSCE A full certificate with at least SIX credit passes, including:
Mathematics
Physics/Physical Science
Business Studies/Principles of Accounting
A-Level : One ‘A’ level pass
IB : One upper level pass
Mature Entry : Work or Business Experience of three years or more
