Bachelor of Technology in Actuarial Science

Bachelor of Technology in Actuarial Science Overview at Koforidua Technical University

The Bachelor of Technology in Actuarial Science at Koforidua Technical University is a rigorous and rewarding program designed to equip students with the knowledge and skills to become successful actuaries. Actuarial science is a specialized field that applies mathematical and statistical principles to assess and manage financial risk.

Graduates of this program will be highly sought-after professionals in various industries, including insurance, finance, and consulting. They will be able to analyze complex data, develop financial models, and advise organizations on risk mitigation strategies.

Curriculum Highlights

• Mathematics and Statistics: A strong foundation in mathematics and statistics is essential for actuarial science. The curriculum includes courses on calculus, probability, statistics, and financial mathematics.
• Actuarial Science Principles: Students will delve into core actuarial science concepts such as life contingencies, general insurance, pensions, and investment analysis.
• Risk Management: The program emphasizes the importance of risk assessment and management. Students will learn about various risk types, risk measurement techniques, and risk mitigation strategies.
• Financial Modeling: Actuarial science involves extensive financial modeling. Students will gain proficiency in using software tools to build and analyze financial models.
• Data Analysis and Programming: The ability to analyze large datasets and write code is increasingly important in actuarial science. The curriculum includes courses on data analysis techniques and programming languages such as Python or R.

Learning Outcomes

Upon successful completion of this program, graduates will be able to:

• Apply mathematical and statistical principles to solve actuarial problems.
• Analyze and interpret financial data related to insurance, pensions, and investments.
• Develop and evaluate financial models for risk assessment and management.
• Communicate actuarial findings effectively to both technical and non-technical audiences.
• Demonstrate ethical conduct and professionalism in the actuarial field.

Program Duration & Structure

The Bachelor of Technology in Actuarial Science is a four-year full-time program.

The program is divided into eight semesters, with each semester comprising a set of core and elective courses.

Why Choose This Program?

• High Demand Profession: Actuarial science is a rapidly growing field with a high demand for skilled professionals in Ghana and internationally.
• Strong Academic Foundation: The curriculum provides a solid foundation in mathematics, statistics, and actuarial science principles.
• Industry Connections: Koforidua Technical University has strong links with the actuarial industry, providing students with networking opportunities and internship placements.
• Experienced Faculty: The program is taught by experienced faculty members who are experts in their fields.
• State-of-the-Art Facilities: Students have access to modern computing facilities and resources.