Actuarial Science Salary in Uganda
Actuarial science is the discipline that applies mathematical and statistical methods to assess risk in insurance, pension, finance, investment, and other industries and professions. More generally, actuaries apply rigorous mathematics to model matters of uncertainty.
How much does an Actuarial Science earn in Uganda?
A Financial Actuary working in Uganda will typically earn around 32,879,500 UGX per year, and this can range from the lowest average salary of about 15,118,700 UGX to the highest average salary of 52,201,800 UGX.
Is actuarial science marketable in Uganda?
The careers we have listed above, Actuarial Science, Statisticians, Mathematicians, and Data Analysts, are among the most marketable in Uganda. It is therefore to the advantage of individuals who pursue them.
How do I become an Actuary in Uganda?
Top Skills
- Bachelor of Science in Actuarial Science (Makerere University).
- Bachelor of Arts in Economics and Statistics (Kyambogo University).
- Bachelor of Business Statistics (Makerere University Business School).
- Bachelor of Science in Quantitative Economics (Makerere University).
Areas of Knowledge
Mathematics: Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications
Economics and Accounting: Knowledge of economic and accounting principles and practices, the financial markets, banking, and the analysis and reporting of financial data.
Law and Government: Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process relating to Insurance
Administration and Management: Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
Personnel and Human Resources: Knowledge of principles and procedures for personnel recruitment, selection, training, compensation and benefits, labor relations and negotiation, and personnel information systems.
Sales and Marketing: Knowledge of principles and methods for showing, promoting, and selling products or services. This includes marketing strategy and tactics, product demonstration, sales techniques, and sales control systems.
How much does a statistician earn in Uganda?
The salary range for the majority of workers in Mathematicians, actuaries, and statisticians – is from USh751,363 to USh3,074,155 per month – 2023. Mathematicians, actuaries, and statisticians typically earn between USh751,363 and USh2,210,191 net per month at the start of the job.