BSc. Actuarial Science Program Offered at Egerton University

The world of business has a serious shortage of managers in areas of financial and life insurance forecasting.Few institutions that have made advance in this area have not given reasonable attention to the management aspect, thus not business oriented. This course will focus not only on quantitative aspects but also on management aspect. The programme intends to train personnel to work in Insurance firms, Pension departments of various organizations, Banks and other Financial Institutions. Stakeholders hold that the programme be require inclusion of Marketing courses to make the programme user focused.

The aim of the BSc (Actuarial Science) programme at Egerton University is to offer a degree programme that meets the rising demand of managers with added quantitative background especially, in areas of life insurance, health insurance and financial forecasting.At the end of the training, the programme will empower graduates to:

• effectively Manage resources at their disposal according to contemporary economic, business management and technological trends;
• carry out Research in business and management trends with a view to finding solutions to contemporary problems affecting development at various scales;
• appreciate the complex relationship between the national economy and global economic trends, and
• have acquired knowledge, skills and attitudes for pursuing further studies in Actuarial Science

All candidates admitted to the degree programme of Bachelor of Actuarial Science(BACS) must satisfy the minimum common entrance requirements of Egerton University which is currently at C+
A candidate must obtain at least a B- grade in Mathematics.
Those holding qualifications equivalent to the above from institutions recognised by Egerton University Senate may also be admitted.
Admission may be offered to diploma holders in Diploma in statistics, computer Studies , Education with Mathematics as a major subject.Such cases will be treated on individual merit.
A level: 2 principal passes in Maths/Physics, Maths/Chem, Maths/Econ
A degree in mathematics from a recognized university by the Egerton University Senate
Based on Senate approved guidelines, candidates may be allowed to transfer up to a maximum of 30% of the required programme credits from a diploma course or its equivalent from an institution recognised by the University Senate.

Mininum Entry Requirements for Bachelor's Degree
The entry requirements set out below are only minimum, and they in no way entitle an applicant to a place in the University. Applicants must:

• Have the Kenya Certificate of Secondary Education with an average grade C+ (C plus)passed at one sitting from at least seven subjects drawn from subject groupings as specified by the Kenya National Examinations Council or its equivalent.

OR

• Have one of the following combinations of passes in the Kenya Advanced Certificate of Education examination:
• Two (2) Principal passes obtained at the same sitting.

OR

• Egerton University Statutes 2008 43
• Two (2) Principal passes obtained at different sittings provided the passes are of Grade C or higher.

OR

• Hold a Diploma of Egerton University with a 'Credit' pass or higher or an equivalent
• Qualification from a recognized institution in the relevant field of specialization acceptable to Senate. Those with a 'Pass' Diploma will be considered if they have at least two years relevant experience after graduation.

AND
Meet additional entry requirements as may be specified by the respective Department, Faculty, School or Institute.

To be admitted for a PRE-SERVICE DEGREE PROGRAM, a prospective candidate must have all the requirements set up by the joint Admission Board (JAB), with a prospective IN-SERVICE student must have completed a diplomaprogram in the relevant field and graduated with at least a CREDIT.

The Bachelors of Actuarial Science degree programme at Egerton University takes four academic years for full time students.
Part-time students may be allowed to cover the programme within eight academic years.
In order to fulfil the graduation requirements for Bachelor of Actuarial Science degree, candidates are required to take and pass at least 169 CF‘s of courses approved by the senate.
Areas of study include:

• General Acturial Science Courses
• Mathematical Courses
• Insurance Courses

Egerton University is the oldest institution of higher learning in Kenya. It was founded as a Farm School in 1939 by Lord Maurice Egerton of Tatton, a British national who settled in Kenya in the 1920s.

Egerton University has three (3) Campuses and one Campus College.

The main Campus is based at ... read more