Diploma Actuarial Science

Actuarial science uses mathematics and statistics to assess risk in finance, insurance and pensions. This diploma at the University for Development Studies accepts students from Business, General Science, Home Economics and Technical Studies backgrounds. Entry is less competitive than many degree programmes, making it a realistic option if you are interested in a numerical career.

What actuarial science covers

Actuarial science is about measuring and managing risk. Programmes of this kind usually cover probability, statistics, financial mathematics and economics, and show you how to apply these tools to real-world problems like setting insurance premiums or funding pensions. You will build strong numeracy and problem-solving skills, alongside the habit of making decisions based on data.

Who can apply and how competitive it is

The Faculty of Physical Sciences at the University for Development Studies admits students into this programme from four SHS backgrounds: Business, General Science, Home Economics and Technical Studies. The diploma is less competitive than many degree programmes, which means that if your grades meet the requirements, your chances of a place are likely to be good. Since entry requirements can change, you should confirm the exact grades needed with the university.

Where a diploma in actuarial science can lead

Graduates of actuarial science programmes typically go into roles that involve analysing risk: insurance companies, banks, and pensions or investment firms. Common entry jobs include actuarial analyst, underwriting assistant, or risk analyst. The diploma is also a stepping stone to a full degree in actuarial science or a related quantitative field, which can take you further in the profession.