2020 Registration Information

Subject information

2020 First Year

2020 Second Year

2020 Third Year

2020 BSc Extended programme - Mathematical Sciences

Exemptions view updated info below for COVID19 impact

FAQ's (Frequently Asked Questions)

 

Download the information here in one printable document

2020 Registration Information.

2020 Exemption Information

2020 Updated Exemptions - COVID19 impact

 

BSc Actuarial and Financial Mathematics – First Year:

First year students should register for all the following modules. All modules are compulsory and there are no elective choices in first year.

Students who do not qualify for AIM 102 must register for AIM 111 and AIM 121. 

First semester

Code

Name

Credits

EKN 110

Economics 110

10

LST 110

Language and Study Skills 110

6

FBS 112

Financial Management 112

10

IAS 111

Actuarial and Financial Mathematics in practice 111

6

UPO 102

Academic orientation 102

0

WST 111

Mathematical Statistics 111

16

WTW 114

Calculus 114

16

WTW 152

Mathematical modelling

8

Total credits for compulsory modules

72

 
 

Second semester

Code

Name

Credits

AIM 102

Academic Information Management 102

6

EKN 120

Economics 120

Required: EKN 110 GS

10

FBS 122

Financial Management 122

Required: FBS 112

10

IAS 121

Actuarial and Financial Mathematics in practice 121

Required: WTW 114 or WTW 153, WST 111 or WST 153, IAS 111.

6

WST 121

Mathematical statistics 121

Required: WST 111 GS or WST 133, 143 and 153

16

WTW 123

Numerical analysis 123

Required: WTW 114

8

WTW 124

Mathematics 124

Required: WTW 114

16

Total credits for compulsory modules

72

 

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BSc Actuarial and Financial Mathematics – Second Year:

Second year students should register for the modules set out below.  Note that all modules are compulsory with the exception of the second semester where you should select either IAS 282 or WTW 221.

If you have not yet passed all your first year modules, you should prepare an updated study plan.  When preparing an updated study plan, you should consider the modules for which you meet the prerequisites as well as the combinations of subjects required to qualify for exemption from the Actuarial Society examinations (see separate exemptions document).  Do not construct a plan with too many credits in a semester.  You should discuss your updated plan with the department if you have any questions or concerns.

First semester

Code

Name

Credits

IAS 211

Actuarial mathematics 211

Required: IAS 111, IAS 121, WTW114, WTW123, WTW124, WTW 152, WST111 & WST121

12

WST 211

Mathematical statistics 211

Required: WST111, WST121, WTW114GS & WTW124GS

24

WST 212

 

Applications in data science 212

Required: WST 111, WST 121, WTW 114GS & WTW124GS

12

WTW 211

Linear algebra 211

Required: WTW124

12

WTW 218

Calculus 218

Required: WTW114 & WTW124

12

Total credits for compulsory modules

72

 
 

Second semester

Code

Name

Credits

IAS 221

Actuarial mathematics 221

Required: IAS211

12

WST 221

Mathematical statistics 221

Required: WST211GS

24

WTW 220

Analysis 220

Required: WTW114, WTW124, WTW 211, WTW 218

12

WTW 264

Differential equations 264

Required: WTW114 & WTW124

12

Total credits for compulsory modules

60

IAS 282

Financial Mathematics 282

Required: IAS 211

12

WTW 221

Linear Algebra 221

Required: WTW211, WTW 218

12

Total credits for elective modules

12

 

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BSc Actuarial and Financial Mathematics – Third Year:

Third year students should register for the six core modules set out below and for two elective modules in terms of the following options.

1.  Actuarial Science option: IAS 353, IAS 382

2.  Financial Mathematics option: WTW310 and one the following modules WTW 320, WTW 382, WTW 383, WTW 386

Students who want to complete the BSc (Actuarial and Financial Mathematics) degree, but are considering an honours degree in Mathematics, should in addition to the Financial Mathematics option take the module WTW381 for non-degree purposes.

Students who want to complete the BSc (Actuarial and Financial Mathematics) degree, but are considering an honours degree in Applied Mathematics, should take the Financial Mathematics option with any two of the modules WTW 382, WTW 383, WTW386, with one of them for non-degree purposes.

Students who want to complete the BSc (Actuarial and Financial Mathematics) degree, but are considering an honours degree in Mathematical Statistics, should take in addition to either option STK 353 for non-degree purposes.

Students who would like to continue with any of the alternative abovementioned honours degrees without taking additional credits should discuss switching to the respective undergraduate programme with the relevant department before registering.  Students should note that they still qualify for exemptions from the Actuarial Society subjects if they switch to one of the alternative degrees.

If you have not yet passed all your first and second year modules, you should prepare a updated study plan.  When preparing an updated study plan, you should consider the modules for which you meet the prerequisites as well as the combinations of subjects required to qualify for exemption from the Actuarial Society examinations (see the separate exemptions document).  Do not construct a plan with too many credits in a semester.  You should discuss your updated plan with the department if you have any questions or concerns.

First semester core modules

Code

Name

Credit

WST 311

Multivariate analysis 311

Required: WST211, WST221, WTW211GS & WTW218GS

18

WST 312

Stochastic Processes 312

Required: WST211, WST221, WTW211GS & WTW218GS

18

WTW 354

Financial engineering 354

Required: WST211, WTW211 & WTW218

18

Total credits for compulsory modules

54

 
 

Second semester core modules

Code

Name

Credit

WST 321

Time series analysis 321

Required: WST211, WST221, WTW211GS & WTW218GS

18

WST 322

Actuarial Statistics 322

Required: WST211, WST221, WTW211GS & WTW218GS

18

WTW 364

Financial engineering 364

Required: WST211, WTW124, WTW218 & WTW264

18

Total credits for compulsory modules

54

 
 

Elective modules

Code

Name

Credit

Semester

IAS 353

Contingencies 353

Required: IAS 382, WST 312

18

2

IAS 382

Survival models 382

Required: IAS 221 60%, IAS 282 60%, WST 211, WST 221, WTW 211, WTW 218

18

1

WTW 310

Analysis 310

Required: WTW 220

18

1

WTW 320

Complex Analysis 320

Required: WTW218, WTW220

18

2

WTW 382

Dynamical Systems 382

Required: WTW218, WTW264

18

1

WTW 383

Numerical Analysis 383

Required: WTW114, WTW 123, WTW124, WTW 211

18

2

WTW 386

Partial differential equations 386

Required: WTW 248 and WTW 264

18

1

Total credits for elective modules

36

 

 
 
 

2019 BSc Extended programme - Mathematical Sciences (2nd year)

Students who are considering BSc(Actuarial and Financial Mathematics) and who meet the requirements should register for all the following modules. 

First semester

Code

Name

Credits

EKN 110

Economics 110

10

FBS 112

Financial Management 112

Required: At least 6 (70-79%) in Mathematics in the Grade 12 examination or WTW 133 (60%), WTW 143 (60%), WST 133 (60%) and WST 143 (60%)

10

IAS 111

Actuarial and Financial Mathematics in practice 111

Required: At least 6 (70-79%) in Mathematics in the Grade 12 examination or WTW 133 (60%), WTW 143 (60%), WST 133 (60%) and WST 143 (60%)

6

WST 153

Mathematical Statistics 153

WST 133 and WST143 and WTW 143. Must be taken concurrently with WTW 153

8

WTW 152

Mathematical modelling

8

WTW 153

Calculus 153

Required: WTW 143

8

Total credits for compulsory modules

50

 
 

Second semester

Code

Name

Credits

EKN 120

Economics 120

Required: EKN 110 GS

10

FBS 122

Financial Management 122

FBS 112

10

IAS 121

Actuarial and Financial Mathematics in practice 121

Required: WTW 153, WST 153, IAS 111

6

WST 121

Mathematical statistics 121

WST 133, WST 143 and WST 153

16

WTW 123

Numerical analysis 123

Required: WTW 114

8

WTW 124

Calculus and Algebra 124

Required: WTW 114

16

Total credits for compulsory modules

66

 
 

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Exemptions from Actuarial Society 

The information below relates to exemption recommendations for 2020 and going forward.  For subjects completed prior to 2020, the old exemption recommendation rules in place at the time of completing the subject applies.

Communication of exemptions

Students only qualify for exemptions on graduation.  When all the final exemption results are available, we prepare a letter for each student showing the exemptions recommended.  The letters can be collected from the department’s offices, normally towards the end of January.

Prior to the final letter, exemptions for A200 series subjects are published on clickUP in one of the modules making up the specific exemption when they become available normally A211 exemptions are published in clickUP for IAS 282, A212 in WST 322, A213 in IAS 353 and A214 in WTW 364.

For the A100 series subjects where the exemption is based on the application of a formula, no exemption lists are published.  Students who want to know if they have earned an exemption for a specific subject should keep record of their semester marks.  This will allow them to calculate exam marks and thus check whether the exemption requirements have been met.

Exemption requirements per subject

Note that exemption recommendations are based on the first examination opportunity available in the specified module.  Sick, supplementary and/or any other special opportunity, including winter and summer schools, are not considered.

For 2020 and going forward, the exemption recommendations will be based on the following:

Actuarial Society Subject

Corresponding UP Subject(s)

Requirement

A111

WST 111, WST 121, WST 211, WST 221 and WST 311      

OR

WST 133, WST 143, WST 153, WST 121, WST 211, WST 221 and WST 311

A weighted average of 60 for the five modules, with a sub-minimum of 55 in each module.

For students from the Extended Programme, WST 111 is replaced by the average mark from WST 133, WST 143 and WST 153

A112

EKN 110 and EKN 120

A weighted average of 60 for the two modules, with a sub-minimum of 55 in each module.

A113

FBS 112 and FBS 122

A weighted average of 60 for the modules, with a sub-minimum of 55 in each module.

A211

IAS 211 and IAS 282

An independent external examiner decides which students are recommended for exemption using a weight of 40% for IAS 211 and 60% for IAS 282. 

Both subjects need to be taken in the same year to be considered for an exemption recommendation.

A212

IAS 382, WST 312, WST 321, WST 322 and WST 212

An independent external examiner decides which students are recommended for exemption using weights for each subject as follows:

IAS 382           25%

WST 312         25%

WST 321         20%

WST 322         20%

WST 212         10%. 

A213

IAS 353

An independent external examiner decides which students are recommended for exemption

A214

WTW 354 and WTW364

An independent external examiner decides which students are recommended for exemption using weights for each subject as follows:

WTW 354        50%

WTW 364        50%

A student must also have passed IAS 221 and WST 322 to qualify for this exemption.

N111

BSc (Actuarial & Financial Mathematics degree)

Students who graduate with a BSc(Actuarial & Financial Mathematics) degree are recommended for exemption

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