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06/11/2013

What is the difference between bachelor of commerce (insurance option),and bachelor of actuarial science?

Both Bachelor of commerce (insurance) graduates and bachelor of actuarial science graduates work in nearly the same fields. However, actuarial science is much more quantitative, and relies to a great length on lots of statistics and math. Insurance is just one of the many fields that professional actuaries can work in. However, note that getting that actuarial science degree does not automatically make you an actuary , as you
have to sit for the professional actuary exams. As a matter of fact, there are thousands of actuarial science graduates, but just a handful of fully professional actuaries. BCOM (insurance option), graduates can also work in the broader financial industry, just like their other BCOM counterparts.

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