UNDER-GRADUATE Course•FULL TIME

Bachelor of Science hons in Actuarial Studies

Fees Structure, Admission, Intake & Deadline

Study Mode

FULL TIME

Duration

3 Years (6 Semesters)

Intake

N/A

Tuition Fees

N/A

Level

UNDER-GRADUATE

Exam Accepted

N/A

IELTS

N/A

TOEFL

N/A

Course Intake

JanClosed

FebClosed

MarClosed

AprClosed

MayClosed

JunClosed

JulClosed

AugClosed

SepClosed

OctClosed

NovClosed

DecClosed

Overview

This programme is specifically designed to provide students with:

A course of study in Actuarial Science which has been awarded full accreditation from the IFoA (UK).
Competent teaching staff with professional or specialized academic qualification, possessing working experience from actuarial industries/academia.
Course syllabus which is comprehensively structured in tandem and compliance with the 2 biggest actuarial bodies, the IFoA (UK) and the SOA (US).
Comprehensive guidance to mould graduates to be industry-ready.

PROGRAMME STRUCTURE

DEGREE LEVEL 1

Equipping students with essential fundamentals of Mathematics, Statistics, Economics and Finance starts at Level 1. To complement the core knowledge, the students will also learn Business, Communication, and IT skills, before progressing to the Level 2 of Actuarial Science study.

Common Modules

Probability Models
Linear Algebra
Business and Communication Skills
Calculus
Financial Accounting
Microeconomics
Macroeconomic
Introduction to R Programming
Advanced Probability Models
Statistics

DEGREE LEVEL 2

The core knowledge of Mathematics and Statistics now act as engine to drive the complex models of Economics and Finance in the actuarial industries. Those core knowledge are integrated to form actuarial tools and infrastructure, ready to be used for planning and managing purposes. Students will receive exposure and coaching which are actuarial centric, targeting at industrial applications. They are gradually groomed to be more independent in their study and research efforts.

Common Modules

Asset and Liability Valuations
Financial Statement Analysis
Predictive Analytics
Financial Mathematics
Calculus II
Regression Analysis
Financial Economics
Financial Planning and Control
Business Research Methods
Financial Management
Business Ethics & Governance
Mathematics of Financial Derivatives

INTERNSHIP (16 WEEKS)

Students will undertake a short Internship/ Industrial Training for a minimum period of 16 weeks to prepare them for a smooth transition from the classroom to the working environment.

DEGREE LEVEL 3

The students are now ready to merge their knowledge and industrial experience to forge ahead and put into action their acquired skills in planning, managing and analyzing risk. At this level, emphasis is placed on evaluating financial performance of businesses from actuary’s perspectives. Students will have the opportunity to understand the critical roles played by actuaries, for example, in the development and pricing of insurance products. Risk Management, Actuarial Modeling and Ratemaking are some of a wide repertoire of skills to be used.

Common Modules

Stochastic Processes
Life Contigencies
Strategic Management
Corporate Finance
Risk Theory
Investigation in Actuarial Studies
Option and Bond Valuations
Survival Analysis
Life Contingencies 2
Pension and Retirement Plans
Project in Actuarial Studies

MQA Compulsory Subjects*

Ethnic Relations (M’sian Students)
Islamic & Asian Civilisation (M’sian Students)
Malaysian Studies (Int’l Students)
Malay Communication Language (Int’l Students)
Workplace Professional Communication Skills
Employee & Employment Trends
Co-Curriculum

ENTRY REQUIREMENTS

Programmes	General Requirements
DIRECT ENTRY TO LEVEL 1 OF THE DEGREE:
STPM	• 2 Passes in STPM with a minimum Grade C+ (GP 2.33) and a Credit in Mathematics and a Pass in English at SPM Level or its equivalent.
A-LEVEL	• 2 Passes in A-Level in any 2 subjects, and a Credit in Mathematics and a Pass in English at SPM/O-Level/IGCSE or its equivalent.
UEC	• 5 Grade B’s in UEC including Mathematics with a Pass in English.
MATRICULATION/ FOUNDATION	• Passed Foundation programme (minimum CGPA of 2.5) with a Credit in Mathematics and a Pass in English at SPM/O-Level/IGCSE or equivalent.