Actuary

Uses mathematics, statistics and risk modelling in insurance, finance and business. Explore current demand, important skills and estimated junior, mid-level and senior salaries, plus 19 linked programmes across 4 universities. Enter your subjects and marks to discover which linked programmes you may qualify for.

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Career overview

What does a Actuary do?

Uses mathematics, statistics and risk modelling in insurance, finance and business.

Demand level: Very High

Earning potential

Estimated annual salaries

JuniorR650 000 p.a.Mid-levelR1 100 000 p.a.SeniorR1 800 000 p.a.

Salary figures are estimates and may vary by employer, experience, qualifications, location and economic conditions.

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Skills linked to this career

Mathematics · ImportantProblem solving · ImportantRisk analysis · ImportantStatistics · Important
Study routes

Programmes linked to this career

These are some of the programmes currently connected to this career in VX Course Match.

Bachelor of Business Science specialising in Actuarial ScienceUniversity of Cape Town

Bachelor of Business Science specialising in Quantitative FinanceUniversity of Cape Town

Bachelor of Business Science specialising in Statistics and Data ScienceUniversity of Cape Town

Bachelor of Commerce specialising in Actuarial ScienceUniversity of Cape Town

Bachelor of Commerce specialising in Economics & StatisticsUniversity of Cape Town

Bachelor of Commerce specialising in Quantitative FinanceUniversity of Cape Town

Bachelor of Science (BSc) majoring in Applied StatisticsUniversity of Cape Town

Bachelor of Science (BSc) majoring in Mathematical StatisticsUniversity of Cape Town

Bachelor of Science (BSc) majoring in Statistics & Data ScienceUniversity of Cape Town

ACTUARIAL SCIENCEUniversity of Johannesburg

APPLIED MATHEMATICS AND MATHEMATICAL STATISTICSUniversity of Johannesburg

MATHEMATICAL STATISTICS AND COMPUTER SCIENCEUniversity of Johannesburg

MATHEMATICAL STATISTICS AND ECONOMICS (WITH FINANCIAL ORIENTATION)University of Johannesburg

MATHEMATICS AND MATHEMATICAL STATISTICSUniversity of Johannesburg

MATHEMATICS AND MATHEMATICAL STATISTICS (WITH FINANCIAL ORIENTATION)University of Johannesburg

Bachelor of Commerce specialising in Statistics and Data ScienceUniversity of Pretoria

Bachelor of Science in Actuarial and Financial MathematicsUniversity of Pretoria

Bachelor of Science in Mathematical StatisticsUniversity of Pretoria

Bachelor of Science in the field of Actuarial ScienceUniversity of the Witwatersrand

These are only some of the programmes linked to this career.

Enter your subjects and marks to see an extended list and discover which other programmes leading to this career you may qualify for.

Check which programmes I qualify for
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Quick answers

Frequently asked questions

What does a Actuary do?

Uses mathematics, statistics and risk modelling in insurance, finance and business.

What skills are important for this career?

Important skills include Mathematics, Problem solving, Risk analysis, Statistics.

What salary can I expect?

VX provides junior, mid-level and senior annual salary estimates. Actual earnings vary by employer, experience, qualifications, location and economic conditions.

Which programmes can lead to this career?

19 linked programmes are currently available in the VX database. Use Course Match to see which ones fit your subjects and marks.