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Bachelor of Science in Actuarial science – The course and where you can work.

The Bachelor of Science in Actuarial science is a relatively new course in Kenya, having been introduced some time around 1999 at the University of Nairobi.
Many universities are offering actuarial courses: University of Nairobi, JKUAT, Maseno, Moi, SEUCO, Mt. Kenya University, Strathmore. If we were to include the constituent colleges, they would add up to around 13.. Statistics is likely to be a major component of the course. One will be taught to calculate complex premiums such as in the insurance companies, calculate such risk events as floods, mortality etc. The insurance industry is one of the major employers of actuaries.

 After getting the degree, one will need to do the specialized actuary exams in order to become a fully qualified actuary. There have been hundreds, if not thousands of actuarial science graduates that have been trained in the past decade, but very few qualified actuaries; the ones who have done the professional exams. As of 2008, there were about eight qualified actuaries in the country. Major employers include the insurance companies, investment firms, banks where one can be employed as a risk analyst. Alexander Forbes seems to be the preferred employer that many actuaries would want to work for.

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11 comments:

  1. Many universities are offering actuarial courses: University of Nairobi, JKUAT, Maseno, Moi, SEUCO, Mt. Kenya University, Strathmore. If we were to include the constituent colleges, they would add up to around 13.

    Visit actuarial.co.ke to learn more about the actuarial profession in Kenya

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  2. Thanks for the clarification, I will take that into account and edit the article to reflect those changes. Thanks again.

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  3. how many proffessional papers b4 u become a professional actuary after you have your degree? THank you

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  4. Hi what was the cut-off points for acturial science in south eastern university college for students who did their Kcse in 2010?

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  5. About the number of professional papers before one becomes an actuary, there are stages, much like there are stages in accuntancy exams. I suppsoe they would be more than four stages, but let me do some research, will get back to you in a short while.

    Hi! I don't have the 2010 KCSE cut off points for south eastern university college acturial science program as yet.

    However, the cut off points for the 2009 KCSE candidates was 37.0 .So, the 2010 cut off points shouls be slightly higher than that.

    You can receive career advice, information on courses and Universities,JAB news, start pay of various careers, just SMS the word CAREER to 5242. To stop receiving the messages SMS STOP to 5242.

    Thanks.

    C.O.K Mabinda
    Editor
    Kenyan Campus blog.

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  6. NO NO HOW CAN THE CUT OFF BE 37? SHOULD BE 47 BE SERIOUS

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  7. The cut-off points for various Universities differ.I agree for UON it's 47, but for other Universities,it goes down considerably.According to the JAB website, the 2009 Actuarial Science cut off point for South Eastern University College was 37.0

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  8. What was the cut off of computer science in south eastern university college for 2010 kcse students?

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  9. i completed my kcse in 2010 my cut points were 46.3 can i qualify for acturial science in UoN?

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  10. where do you sit for the professional papers?

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  11. do you offer distance learning for the actuarial science course?and if so,can you do credit transfer if one was previously an actuarial science student at a public university?

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