|Abbreviation to be used in the application form||Code||Number of first-year places|
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.
The BSc(ActuarSc) programme is designed to provide specialist training in actuarial science and prepare students for the professional examinations of the North American Society of Actuaries, the Casualty Actuarial Society and the UK Institute and Faculty of Actuaries to associateship level. The programme has exemption arrangements with the Institute and Faculty of Actuaries and has obtained Validation by Education Experience approval from the Society of Actuaries. For details, please visit the Department of Statistics and Actuarial Science’s website (http://www.saasweb.hku.hk/current/as.php).
Actuaries work with facts, figures and people to solve business problems, and also have broader responsibilities for financial management, often filling senior managerial roles in companies.
The majority of actuaries work for life, health, property and 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, healthcare financing, pension plans and asset and liability management.
Recent graduates have diversified into reinsurance, auditing, investment banking and management consulting, with employers including:
• American International Assurance (AIA)
• AXA Insurance
• BOC Group Life Assurance
• HSBC Life
• Sun Life Financial
• General Re
• Reinsurance Group of America (RGA)
• JP Morgan
• Standard Chartered
• Ageas Insurance
• Ernst and Young
• Willis Towers Watson
• Goldman Sachs
• Morgan Stanley
• Deloitte Touche Tohmatsu
• HKSAR Government
• Bank of America Merrill Lynch
Contacts for Further Information
Faculty of Science