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Bachelor of Science in Actuarial Mathematics
Description:
Providing high-quality education in financial and actuarial sciences that contribute to addressing financial and social uncertainty, preparing distinguished scientific and research competencies in the field of financial and actuarial sciences to meet the requirements of development and the needs of the labor market, and activating community partnership in accordance with the best scientific standards through an inspiring educational environment that is conducive to innovation and technology.
Method of study
Courses and cooperative training
Degree
Bachelor
School level
University study
Place of study (Male Students)
A4
Place of study (female students)
F2
Required specialization
None
Years of study
4 years
Study period
Morning
Number of Credit Hours
128
Credits required for graduation
128 hours
Other conditions
None
Tuition fees
None
Preference Mechanism for Admission
Secondary school
30%
General Aptitude Test
30%
Achievement test
40%
Educational goals :
1- Providing students with knowledge in finance, economics, statistics, and math.
2- Providing graduates with analytical skills to solve financial and social issues.
3- Promoting ethical values, commitment and integrity at the personal, academic and professional levels.
4. Prepare internationally recognized actuaries who contribute to the development of actuarial science
5- Preparing qualified cadres in financial and actuarial mathematics to meet the needs of the labor market and insurance sectors.
6- Preparing graduates to enroll in graduate programs in the field of financial and actuarial mathematics for those who are interested in it.
Preparing for the SOA/CAS global professional exams
Learning outcomes :
Knowledge and understanding
1- To familiarize the student with the theories related to financial and actuarial sciences in terms of risk, return, financial portfolio, and the theories of public shareholding companies.
2- To familiarize the student with the economic dimension of solving actuarial problems.
3- To familiarize the student with statistical and mathematical methods and understand the calculation of uncertainty in the field of economics, finance, insurance, investment, and pensions.
4- The student should understand and recognize research methods and investigation techniques.
Skills
1- The student should be able to use concepts and theories in insurance, investment, pensions, and actuarial problem solving.
2- The student should be able to research complex actuarial issues with knowledge of their shortcomings and be able to employ the appropriate skill in his/her field of specialization or work.
3- The student should be able to select the appropriate mathematical and statistical tools and techniques to manage the risks that exist to address actuarial issues, explain the theory of interest and its applications to the pricing of financial derivatives, and prepare reports and present and interpret the results.
4- The student should be able to use the computerized solution system to solve actuarial problems and document the calculations needed to verify the recommendations with the ability to build financial models to analyze big data and simulate life contingency models.
Values, autonomy and responsibility
1- The student must adhere to the highest standards of ethical and professional behavior, and coexist with others in the work environment
2- To be able to work in the field of specialization in a professional and independent manner
3- The student contributes effectively to the development of the specialty and society.
Tracks :
None
Career opportunities:
Government sector: Ministry of Finance - General Organization for Social Insurance - Ministry of Economy and Planning - Ministry of Commerce - Ministry of Commerce - Saudi Central Bank - Public Universities (the outstanding ones are appointed as scholarship assistants to complete their studies).
private sector: Banks - insurance companies - companies interested in the capital market - investment companies. Private universities (the distinguished ones are appointed as assistants in order to scholarship to complete their studies).