Quest International University Perak

Quest International University Perak

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Bachelor of Science Hons Actuarial Sciences

  Study Mode FULL TIME
  Duration 3 intakes in a year
Intake Deadline
  Tution Fees N/A

Bachelor of Science (Hons) Actuarial Sciences is a professional degree that trains actuaries who are equipped with the capabilities to model and analyse finance-related risks, especially in the banking and insurance industries. Private sectors such as financial planning institutions, corporations, investment companies and brokerage firms have a high demand for skilful actuaries in risk management and financial consulting services.

QIU’s Actuarial Science programme is designed according to the topics and subjects required by the professional examinations of the Society of Actuaries (SOA), the Malaysia Financial Planning Council (MFPC) and the Certified in Quantitative Risk Management (CQRM) certification. Students in this programme are granted module exemptions from the professional examination bodies during their academic years. The university will provide guidance and support for the students to enrol in those professional examinations.

Besides the common actuarial science subjects which are required by the programme, QIU’s Actuarial Science programme includes 4 significant specialisations – Financial Planning, Data Science, Banking and Islamic Finance. We have also incorporated popular software systems such as SPSS, R, Python, C++, SAS and Real-Time Stock Price Tracking System in our curriculum design. This is to ensure that the graduates of this programme are not only able to analyse business or finance problems using mathematical models, but are also able to provide specific financial solutions.



Graduates with in-depth knowledge, critical thinking and analytical skills in risk management and actuarial science.


Graduates with the spirit of lifelong learning, professionalism and entrepreneurship in global economic and financial environment.


Graduates who work independently in analysing, communicating and recommending solutions to financial industry development.



Demonstrate knowledge in fundamentals and applications of actuarial sciences.


Use scientific and analytical techniques to design and perform to analyse and interpret results.


Demonstrate leadership, interpersonal and social skills


Apply ethical values and professionalism in actuarial profession fields


Communicate and collaborate effectively with peers, actuarial professionals, stakeholders and the community at large


Identify and analyses critically actuarial sciences  problems to provide solutions based on evidence


Apply skills and principles of lifelong learning in academic and career development


Demonstrate entrepreneurship and managerial skills in managing projects and continuous professional development


Industrial Advisor: 

Ms Chung Kar Yin

Executive Director, Malaysian Financial Planning Council (MFPC)

MFPC is an independent body set up with the noble objective of promoting nationwide development and enhancement of the financial planning profession. MFPC provides an evolving set of Best Practice Standards and Code of Ethics that must be adhered to by Registered Financial Planner (RFP) and Shariah RFP designees. This requirement is aimed at ensuring that the public will be served with the highest quality of financial planning services. 

Mr Mohammad Ridzuan Abdul Aziz

President, Fintech Association of Malaysia

Country Director for Malaysia, Head of ASEAN Business Development, WorldRemit Malaysia.

Member, International Advisory Panel of Labuan Financial Service Authority

Member, Malaysia Innovation Policy Council


External Advisor & Academic Advisor: 

Associate Prof. Dr Saiful Hafizah Binti Jaaman

Former Head of Actuarial Science, UKM

Faculty of Science, Universiti Kebangsaan Malaysia

Matapelajaran Pengajian Umum (MPU)


  • Hubungan Etnik
  • Communication Skills / Bahasa Kebangsaan A
  • Media and Community
  • Community Service


  • Bahasa Melayu Komunikasi 2
  • Malaysian Studies
  • Communication Skills
  • Media and Community
  • Community Service
University Courses
  • English for Academic Purposes 
  • Design Thinking
  • Device, Network and Application
  • Disciplined Entrepreneurship
  • Co-Curricular Activities
Compulsory Courses

Year 1:

  • Calculus and Linear Algebra
  • Principles of Programming
  • Financial Mathematics
  • Statistics and Probability
  • Microeconomics
  • Macroeconomics
  • Discrete Mathematics with Applications
  • Risk Management and Insurance Planning
  • Foundation in Financial Planning
  • Introduction to Financial Accounting
  • Corporate Finance
  • Financial Accounting and Reporting

Year 2:

  • Theory of Probability
  • Actuarial Mathematics
  • Risk Modelling
  • Regression Analysis
  • Operations Research
  • Risk Analysis
  • Survival Models
  • Life Contingencies I
  • Portfolio Management and Applications
  • Actuarial Modelling I
  • Advanced Calculus and Differential Equations
  • Investment Planning and Analysis

Year 3:

  • Industrial Training
  • Project I
  • Actuarial Modelling II
  • Stochastic Methods for Actuarial Science
  • Life Contingencies II
  • Project II
Specialisation Courses

Financial Planning:

  • Tax Planning and Analysis
  • Retirement Planning
  • Islamic Financial Planning


  • Money and Banking Management
  • Credit Analysis and Lending
  • Banking Operations and Treasury Management

Data Science:

  • Database System
  • Data Mining and Warehousing
  • Business Intelligent

Islamic Banking and Finance:

  • Islamic Investment
  • Islamic Financial Planning
  • Retirement Planning

Sijil Tinggi Pelajaran Malaysia (STPM) / Sijil Tinggi Agama Malaysia (STAM)

Pass STPM with two full passes in 2 subjects and with a credit in Mathematics at SPM level

Pass STAM with a minimum Jayyid Rank in 2 subjects and with a credit in Mathematics at the SPM level

General Certificate of Education Advanced (”A”) Level Pass A-Level/New South Wales Higher School Certificate (NSW HSC) with passes in 2 subjects; OR

Pass Diploma in related field of study with a minimum CGPA of 2.5. Candidates with CGPA below 2.5 but above 2.0 may be admitted subject to rigorous internal assessment process

Pass Diploma in any other field with a minimum CGPA of 2.5 and with a credit in Mathematics at Sijil Pelajaran Malaysia SPM (or
equivalent) level

Matriculation / Foundation

Pass QIU foundation in Business/Science Programmes with
CGPA ≥ 2.0; OR

Pass South Australian Matriculation Programme (SAM)/
Australian Matriculation Programme (AUSMAT)/ University of
New South Wales (UNSW) Foundation/ Monash University
Foundation Year (MUFY)/ Canadian International Matriculation
Programme (CIMP)/ Canadian Pre-University (CPU); OR

Pass Matriculation/ Foundation/ Asasi from any IPTA/ IPTS/
Institution that is allowed to offer pre-university programme
with a minimum CGPA of 2.00; OR


Unified Examination Certificate (UEC)  Pass Unified Examination Certificate (UEC) with a minimum of Grade B in 5 subjects including Mathematics
Other Qualifications

Pass International Baccalaureate with average grade point ≥ 2.0 based on three advanced level subjects. A minimum total point is 20, excluding bonus points

Other qualifications will be assessed based on Senate’s recommendation and referred to MQA for approval on a case by case

Students’ abilities are gauged both through continuous assessments and a final examination. The continuous assessment components may comprise of tests/quizzes, laboratory works, practical examinations, mid semester examinations, reports, presentations and/or projects/assignments/case studies which account for a total allocation of 50% marks. The final examination accounts for 50% marks.

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