Bachelor of Actuarial Science at Jomo Kenyatta University of Agriculture and Technology(JKUAT) prepares a student for a career as an actuarial scientist concerned with the construction of models and solutions for financial, business and societal problems involving uncertain future events.
Bachelor of Actuarial Science at Jomo Kenyatta University of Agriculture and Technology(JKUAT) is a branch of science that uses Mathematics, Statistics, Economics and Financial knowledge to model and manage future uncertainty in the financial and insurance industries. Particularly, insurance firms, pension and benefits and other similar organizations require services of actuaries in pricing products and minimize future risks.
Bachelor of Actuarial Science at Jomo Kenyatta University of Agriculture and Technology(JKUAT) prepares a student for a career as an actuarial scientist concerned with the construction of models and solutions for financial, business and societal problems involving uncertain future events. The course is international in its focus and is based on approved guidelines for higher education in Kenya. The graduates of Bachelor of Actuarial Science at Jomo Kenyatta University of Agriculture and Technology(JKUAT) are expected to find employment in the insurance, employee benefits, pension, banks, management consulting industry, brokerage houses, and software development companies (e.g. writing software for pension managers and risk analysts), among others.However, these firms often have to contact actuaries from the UK or elsewhere due to the shortage of qualified actuaries locally. It is with these reasons that JKUAT embarked on training of manpower in Actuarial Science.
The following shall be eligible for admission for the Bachelor of Actuarial Science at Jomo Kenyatta University of Agriculture and Technology(JKUAT) :
Bachelor of Actuarial Science at Jomo Kenyatta University of Agriculture and Technology(JKUAT) has six required course units in every semester. In the first academic year, each student is required to take three (3) university and one (1) faculty units. In the fourth academic year in Bachelor of Actuarial Science each student takes one university unit and one compulsory additional unit. Each student shall be required to undertake practical attachment for a period of not less than 8 weeks at the end of the 8th semester.
Additional units may also be available on consultation during the 2nd, 3rd and 4th years. (these do not count towards the classification of the degree but will appear on the transcripts). One unit is defined as a series of 35 one lecture hours with a three-hour practical period and a two hour tutorial period being equivalent to a three-hour lecture.
