JAMB Subject Combination for Actuarial Science 2026 – Updated Guide

Actuarial Science is one of the most analytical, respected, and financially rewarding courses available in Nigerian universities today. Every year, thousands of science- and math-inclined students apply to study this course—but only those with the right JAMB subject combination, O’level requirements, and a strong admission strategy stand a chance of gaining admission. If you’re planning to study Actuarial Science in the 2026/2027 academic session, this comprehensive guide will walk you through everything you need to know.

This article explains the correct JAMB subject combination for Actuarial Science, the UTME and O’level requirements, Direct Entry qualifications, the best universities that offer the course, career opportunities, and valuable admission tips to help you secure your spot.

What is Actuarial Science?

Actuarial Science is a discipline that applies mathematics, statistics, finance, and risk analysis to predict future events and solve complex financial problems. Actuaries analyze risks related to insurance, pensions, investments, banking, and corporate finance.

Students who study Actuarial Science learn subjects like:

• Probability and Statistics

• Financial Mathematics

• Life Contingencies

• Risk Management

• Economics and Financial Modelling

It is a math-intensive course, so universities admit only candidates who meet the correct subject and qualification requirements.

JAMB Subject Combination for Actuarial Science

The approved JAMB subject combination for Actuarial Science is:

1. Mathematics (Compulsory)

2. Economics

3. Any other Social Science or Science subject (such as Physics, Geography, Government, Chemistry, or Accounting)

Important Notes

• Mathematics must be included; any candidate who does not write Mathematics in JAMB cannot be admitted to study Actuarial Science.

• Economics is strongly recommended because Actuarial Science involves financial modeling and risk assessment.

• Your fourth subject should complement your strengths—Physics and Commerce are the most common choices.

UTME Requirements for Actuarial Science

To gain admission through UTME, here are the requirements:

1. JAMB Score Requirement

Most universities require a minimum JAMB score of 180–220, but competitive schools may demand 240+.

2. O’level (WAEC/NECO/NABTEB) Requirements

You must have at least five (5) credit passes in the following subjects:

• Mathematics (Compulsory)

• English Language

• Economics

• One Science subject (Physics, Chemistry, or Biology)

• Any other relevant subject (Commerce, Accounting, Geography, Further Mathematics)

A credit in Further Mathematics gives you an added advantage.

3. Post-UTME Requirements

Most schools conduct screening or exams. Key focuses include:

• Mathematics

• Economics

• Logical reasoning

• General knowledge

Doing well in Post-UTME can significantly boost your chances even with a moderate JAMB score.

Why the JAMB Subject Combination Matters

Choosing the wrong subject combination is one of the biggest reasons many students miss admission each year. Even if you score above 250 in JAMB, the university system will automatically disqualify you if your subjects do not match the approved combination.

Actuarial Science involves advanced calculations, financial modeling, and risk analysis. That is why Mathematics and Economics are compulsory—the course is built on these foundations.

Direct Entry Requirements for Actuarial Science

If you are applying through Direct Entry, here are the requirements:

Acceptable Qualifications

• ND/NCE in Statistics, Mathematics, Accounting, Business Studies, or related fields (Upper Credit recommended)

• A-Level passes in Mathematics and Economics

• JUPEB/IJMB with the required points in relevant subjects

O’level Requirements Still Apply

Even Direct Entry applicants must have the required WAEC/NECO credits.

Universities Offering Actuarial Science in Nigeria (Updated 2026)

Here are the major universities where you can study Actuarial Science:

Federal Universities

• University of Lagos (UNILAG)

• Ahmadu Bello University (ABU Zaria)

• University of Jos (UNIJOS)

State Universities

• Lagos State University (LASU)

• Kwara State University (KWASU)

• Ekiti State University (EKSU)

Private Universities

• Afe Babalola University (ABUAD)

• Covenant University

• Babcock University

Some schools offer Actuarial Science as a standalone course, while others offer it under related programs like Insurance, Statistics, or Finance.

Is Actuarial Science a Good Course in Nigeria?

Absolutely. Actuarial Science is one of the most respected and financially rewarding careers, especially for students who love mathematics, economics, and risk modeling.

Reasons It Is a Great Choice

• High-paying jobs

• Internationally recognized profession

• Excellent career growth

• High demand in insurance, banking, and investment sectors

• Opportunities to work abroad

• Strong analytical and technical skills development

Career Opportunities for Actuarial Science Graduates

Graduates can work in:

• Insurance companies

• Pension firms

• Banks

• Investment houses

• Risk management departments

• Oil and gas companies

• Consulting firms

• Government financial agencies

• Actuarial and data analytics firms

Popular Job Roles

• Actuary

• Financial Analyst

• Risk Analyst

• Data Scientist

• Investment Analyst

• Pension Consultant

• Business Analyst

• Insurance Underwriter

• Statistician

Actuarial Science graduates also have strong opportunities to become globally certified actuaries through international exams like:

• SOA (Society of Actuaries)

• IFoA (Institute and Faculty of Actuaries UK)

• CAS (Casualty Actuarial Society)

Is Actuarial Science Difficult?

The course is challenging, especially for students who struggle with mathematics. However, with consistent practice in Probability, Statistics, and Calculus, you can excel.

Some of the major challenges include:

• Heavy mathematical and statistical core

• Complex modeling topics

• Analytical reasoning

• Time-intensive workload

But the reward is worth the effort—professional actuaries are among the highest-paid experts worldwide.

How to Prepare for JAMB as an Actuarial Science Aspirant

To score high in JAMB and meet your admission goal, here are effective strategies:

1. Study Mathematics Every Day

Mathematics determines 70% of your chances. Focus on:

• Algebra

• Calculus

• Statistics

• Probability

• Financial arithmetic

2. Treat Past Questions

Solving past questions exposes you to JAMB patterns.

3. Master Economics

You should understand:

• Microeconomics

• Macroeconomics

• Market structure

• Inflation

• Demand and supply

4. Focus on Your Fourth Subject

Choose the subject you’re most comfortable with to boost your score.

5. Use the Right Textbooks

Recommended:

• Essential Mathematics

• Simplified Economics

• O.A. Uwadiae (Mathematics for WAEC)

Practice is everything for this course.

Cut-Off Mark for Actuarial Science in Nigerian Universities

Cut-off marks vary by school:

Competitive Universities

• UNILAG – 210–250

• ABU Zaria – 200–240

Moderately Competitive

• LASU – 180–220

• KWASU – 170–200

Private Universities

Usually flexible with cut-off marks.

For the best chances, aim for 250+.

Key Skills You Will Learn in Actuarial Science

A graduate of Actuarial Science becomes skilled in:

• Data analysis

• Critical thinking

• Risk modeling

• Financial forecasting

• Problem solving

• Statistical programming

• Complex calculations

These skills make you competitive globally.

Why Universities Prefer These JAMB Subjects

Universities use Mathematics and Economics to assess your:

• Logical reasoning

• Analytical ability

• Financial knowledge

• Problem-solving skills

The additional science or social science subject gives you flexibility while ensuring you have broad analytical strength.

Frequently Asked Questions (FAQ)

1. Can I study Actuarial Science without Economics in JAMB?

No. Economics is one of the major subjects recommended for admission.

2. Does Actuarial Science require Physics?

Physics is optional, not compulsory.

3. Is Further Mathematics required?

No, but it gives you a strong advantage.

4. Can commercial students study Actuarial Science?

Yes—if you have the required credits and strong mathematics skills.

5. Is Actuarial Science easier than Engineering?

Both are challenging, but Actuarial Science is more math-intensive while engineering is more technical.

Read Also: JAMB Subject Combination for Banking and Finance – 2026/2027 Complete Guide

Choosing the correct JAMB subject combination for Actuarial Science is the first step to gaining admission into the course. The required subjects are:

• Mathematics (Compulsory)

• Economics

• Any other science or social science subject

Actuarial Science is a high-demand course with global career opportunities, strong salary prospects, and excellent job security. With the right preparation, JAMB score, and O’level requirements, you can secure admission into any top university offering the program in Nigeria.