Actuarial Science - BSc
AUC’s actuarial science program, which cuts between the School of Sciences and Engineering and the School of Business, prepares students for careers as actuaries who provide risk management expertise to insurance companies, consultancies, government, regulatory bodies and a range of investment and banking institutions. The program helps graduates obtain the actuarial license from the Egyptian Financial Supervisory Authority by preparing them to pass the examinations required to earn an ASA/FSA or CERA designations of the Society of Actuaries (USA) or the AIA/FIA designation of the Institute and Faculty of Actuaries (UK).
The actuarial science program is accredited by the Applied and Natural Science Accreditation Commission of ABET.
Annual student enrollment and graduation data is available in AUC fact books.
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Graduates of the program will be able to:
Establish a career as an actuary who provides risk management expertise to insurance companies, consultancies, government, regulatory bodies and a range of investment and banking institutions
Earn an ASA/FSA or CERA designations of the Society of Actuaries (USA), the AIA/FIA designation of the Institute and Faculty of Actuaries (UK), or earn a graduate degree in actuarial science or a related field
Adhere to high standards of conduct, practice, and qualifications of the actuarial profession
An ability to identify, formulate, and solve problems typical of a career in actuarial science using standard techniques of mathematics, probability and statistics
An ability to use appropriate financial and actuarial modeling techniques to assess uncertainty and risk
An ability to analyze and interpret data, use statistical inference to draw conclusions about populations, and make informed data analysis decisions
An ability to communicate effectively with a range of audiences
An ability to understand ethical and professional responsibilities and the role of actuaries in protecting individuals, companies and other organizations from unforeseen or burdensome financial effects of random or contingent events
An ability to function effectively on teams that establish goals, plan tasks, meet deadlines, and analyze risk and uncertainty