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Programme Aims and Features
The 6729 BSc(ActuarSc) programme is the only one of its kind in Hong Kong. It provides formal academic training to students who wish to join the actuarial profession. It is specifically designed to prepare students to sit the early actuarial examinations of the professional bodies for actuaries, allowing them to readily join the actuarial profession with internationally recognised qualifications on graduation.
Although actuarial science is a separate discipline with its own areas of knowledge, modern actuarial training requires multidisciplinary knowledge in probability, statistics, economics, investment, finance, law, taxation and accounting. The HKU Actuarial Science curriculum reflects this requirement, incorporating various interdisciplinary courses into its basic but comprehensive actuarial training.
The 6729 BSc(ActuarSc) programme aims to equip students with a solid background in actuarial science, enabling them to develop the confidence and analytical skills needed to define and tackle problems in actuarial science and related fields. Students should also be able to evaluate and measure various kinds of risk using effective quantitative methods, and become proficient in formulating and communicating practical business strategies with professionalism and accuracy.
BSc(ActuarSc) students may optionally take a major or a minor in a Science or non-Science discipline, provided that they fully satisfy the course requirements.
The BSc(ActuarSc) programme is designed to provide specialist training in actuarial science and prepare students for professional examinations of the (North American) Society of Actuaries, Casualty Actuarial Society and the (UK) Institute and Faculty of Actuaries to Associateship level.
It has obtained accreditation from the Institute and Faculty of Actuaries (IFoA), the UK's only chartered professional body dedicated to educating, developing and regulating actuaries based both in the UK and internationally. Students who graduate with a BSc(ActuarSc) degree from HKU with the required marks in specified courses will be exempted from taking various IFoA subjects (e.g. CT1-CT8) as they begin their journey towards qualifying as an actuary. The programme has also obtained Validation by Education Experience (VEE) approval from the Casualty Actuarial Society, the Society of Actuaries and the Canadian Institute of Actuaries in North America.
For details, please visit the Department of Statistics and Actuarial Science’s website (https://saasweb.hku.hk/current/as.php)
Actuaries work with facts, figures and people to solve business problems, whilst they have broader responsibilities of financial management and hence often fill senior managerial roles in companies. The majority of actuaries work for life, health, and property/casualty insurance companies, which heavily rely on actuaries' judgment to ensure their financial security. Other actuaries work in actuarial consulting firms, offering their expertise on financial services, risk management, health care financing, pension plans, and asset/liability management.
Recent graduates have diversified into reinsurers, auditing firms, investment banks and management consulting firms including:
- AIA Group Limited
- AXA Asia Insurance
- BOC Group Life Assurance
- HSBC Life
- Sun Life Financial
- Willis Towers Watson
- General Re
- RGA Reinsurance
- JP Morgan
- Standard Chartered Bank
- FTLife Insurance
- Ernst and Young
- Goldman Sachs
- Morgan Stanley
- Deloitte Touche Tohmatsu
Contacts for Further Information
Faculty of Science