Official government website of the Government of the Kingdom of Saudi Arabia 
Bachelor of Science in Actuarial Mathematics
Description:
Providing high-quality education in financial and actuarial sciences that contributes to addressing financial and social uncertainty, preparing distinguished scientific and research competencies in the field of financial and actuarial sciences that meet development requirements and job market needs, and activating community partnership according to the best scientific standards through an inspiring educational environment that fosters 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%
Program goals :
Provide students with knowledge in finance, economics, statistics, and mathematics.
To equip graduates with the analytical skills to solve financial and social problems.
3- Promoting ethical values, commitment, and integrity at the personal, academic, and professional levels.
4- إعداد خبراء اكتواريين معترف بهم عالمياً يساهمون في تطوير العلوم الاكتوارية.
5- Preparing qualified cadres in financial and actuarial mathematics to meet the needs of the labor market and insurance sectors.
6- إعداد الخريجين للالتحاق ببرامج الدراسات العليا في مجال الرياضيات المالية والاكتوارية للمهتمين في ذلك.
7- Preparation for Global Professional Exams such as SOA/CAS.
Program 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. The student will understand 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:
The student will be able to use concepts and theories in insurance, investment, and pensions to solve actuarial problems.
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 appropriate mathematical and statistical tools and techniques for risk management to address actuarial issues and explain utility theory and its applications in pricing financial derivatives, as well as prepare reports and present and interpret results.
4. The student will be able to use a computerized solutions system to solve actuarial problems and document the necessary calculations to verify recommendations, with the ability to build financial models for big data analysis and simulate contingency models for life.
Values, autonomy and responsibility:
1. The student shall commit to the highest standards of ethical and professional conduct, and coexistence with others in the work environment.
2. To be able to work professionally and independently in the field of specialization.
3- The student contributes effectively to the development of the specialty and society.
Tracks :
None
Career opportunities:
Government sector: وزارة المالية – المؤسسة العامة للتأمينات الاجتماعية – وزارة الاقتصاد والتخطيط – وزارة التجارة – البنك المركزي السعودي – الجامعات الحكومية (يعين المتميزون منهم كمعيدين من أجل الابتعاث لإكمال دراستهم).
private sector: البنوك – شركات التأمين – الشركات المهتمة بسوق المال- شركات الاستثمار. الجامعات الخاصة (يعين المتميزون منهم كمعيدين من أجل الابتعاث لإكمال دراستهم).