As a student scrolling through the Jamb Brochure, Actuarial Science is among the courses you will notice especially for Commercial Students. However, it is often skipped without putting much thought into it.
It is understandable as it is not among the most popular courses in Nigeria. However, it could be an interesting pick for anyone who wants to study the course.
The fact that it is not among the most popular picks could make it easier for those who studied the course to quickly get a job as there may not be many applicants for this field.
This guide will provide you with the approved JAMB Subject Combination for Actuarial Science.
What is Actuarial Science?
Actuarial Science is a field concerned with evaluating or assessing the financial risks in Insurance and Finance using statistics and maths. The professionals who perform the roles are called Actuaries.
Why Study Actuarial Science as a Course?
The work of an Actuary is to analyze past data which will provide insight into the probability of an event and its financial consequences. With the risk assessment, they can provide an estimate of how much should be kept aside to cover any loss that may arise in the future.
To study this course, you need to be good at calculations, especially maths and statistics. After your graduation, you will come across several opportunities with good pay. It also has excellent job security.
O’Level Requirements to Study Actuarial Science
Note: Please be aware that the requirements listed below may vary in some schools. In such cases, it is recommended to refer to the PDF version of the JAMB Brochure for accurate information.
Direct Entry Requirements to Study Actuarial Science
- To be eligible, you need to have two ‘A’ level passes, and they must include English Language and Mathematics.
- National Diploma (ND) or Higher National Diploma (HND) in the relevant courses as stated in the Brochure with either an upper or lower credit respectively.
Jamb Subject Combination for Actuarial Science
- English
- Mathematics
- Economics
- One other subject.
Universities that Offer Actuarial Science
- CRAWFORD: Crawford University (Igbesa, Ogun State, Nigeria)
- EDWIN CLARK: Edwin Clark University (Kiagbodo, Delta State, Nigeria)
- JOS: University of Jos (Jos, Plateau State, Nigeria)
- KWASU: Kwara State University (Malete, Kwara State, Nigeria)
- LAGOS: University of Lagos (Lagos, Lagos State, Nigeria)
- REDEEMERS: Redeemer’s University (Ede, Osun State, Nigeria)
- RHEMA: Rhema University (Aba, Abia State, Nigeria)
Ajayi Crowther University in Oyo State, Nigeria offered the course but it is referred to as ACTUARIAL SCIENCE AND INSURANCE.
FREQUENTLY ASKED QUESTIONS
Is Actuarial Science a Commercial or Art course?
Actuarial Science is a commercial course. In most Nigerian Universities, it falls under the Faculty of Administration. However, Arts students can also study it, depending on the subjects they passed in the SSCE.
Can Science Students Study Actuarial Science?
Science students who want to make a change will be able to study Actuarial Science. However, This will depend on whether they meet the subject requirements in their SSCE.
What Jobs can I apply for after studying Actuarial Science?
Positions available to someone with a degree in Actuarial Science include Actuary, Risk Analyst, Insurance Underwriter, Pension Fund Manager, Data Analyst, Financial Analyst, Statistician, Investment Analyst, Financial Planner, and Business Consultant.
How many years does it take to Study Actuarial Science?
It takes a minimum of 4 years to earn a degree in Actuarial Science. However, if you are a direct entry student, this should take at least 3 years since you are more likely to start from the 200 Level.
What is the cut-off mark for Actuarial Science?
Students who score at least a minimum of 140 in the JAMB UTME are eligible to participate in the POST UTME as part of the requirements for applying to study Actuarial Science in their chosen universities.
Note: Note that the conditions mentioned above might differ in some universities. In such instances, it is advisable to check the PDF version of the JAMB Brochure for precise details. You can also access Jamb Subject Combination for other courses.
