University of Islamic Sciences Malaysia

Overview of Master of Science (Financial Mathematics) in University of Islamic Sciences Malaysia Malaysia

Faculty of Science and Technology (FST), Universiti Sains Islam Malaysia (USIM) offers a Master of Science (Financial Mathematics) Program through mixed mode. The main objective of the Master of Science in Financial Mathematics Program is to produce graduates who are knowledgeable, skilled and capable of integrating scientific knowledge of mathematics, statistics, economics and finance. This programme aims to provide students with sound knowledge in order to pursue careers in the financial industry.

OBJECTIVES OF THE PROGRAMME 

The main objective of the Master of Science (Financial Mathematics) Program is to produce graduates who are knowledgeable, skillful and able to integrate knowledge of mathematics and related financial aspects which take into account ethical and social responsibility.

Therefore, the Master of Science (Financial Mathematics) Program strives to achieve the goals or objectives as follows:

1. To produce graduates who are able to combine and use knowledge and skills in the field of financial mathematics to provide the best services to the financial industry, government agencies, corporate sector and research organizations, locally or globally.
2. To produce graduates who are able to lead and engage in teamwork to solve problems and to contribute new knowledge within or outside the scope of knowledge through the ability to communicate effectively.
3. To produce graduates who continually strive to improve self knowledge and ability to maximize on ICT in order to produce financial products, business opportunities and investments for local or global stage.
4. To produce graduates who practice ethical values and are professional in providing services to the financial industry, government agencies, research organizations and handle negotiations, locally or globally.

ENTRY REQUIREMENTS

1. A relevant bachelor’s degree with honours with a minimum CGPA of 2.75/4.00 or equivalent from the University or any other institutions of higher learning recognised by the Senate; or
2. Other qualifications equivalent to a bachelor’s degree with honours AND relevant professional work experience; or
3. A bachelor’s degree or equivalent with minimum CGPA of 2.50/4.00 and not meeting CGPA of 2.75/4.00, can be accepted subject to rigorous internal assessment; or
4. In case the CGPA does not meet the requirement of 2.50/4.00, the selection will subject to a minimum of 5 years working experience in relevant field.
5. The number of credit hours for the relevant bachelor’s degree and advanced diploma shall be as follows: (a) bachelor’s degree ≥ 120 credit hours (b) advanced diploma ≥ 90 credit hours

Note: 1-year work experience is equivalent to 0.05 CGPA

ENGLISH LANGUAGE REQUIREMENTS

  An applicant shall show evidence of proficiency in the English language based on the following criteria: 

1. TOEFL minimum score of 180 (computer-based) or 64 (internet-based); or
2. IELTS minimum score of Band 5; or
3. MUET minimum score of Band 3; or
4. graduated from institutions that use English as the main medium of instruction, AND will be required to seat for University English Proficiency Test (UEPT) with minimum score of Band 3; or
5. graduated in the field of Teaching of English as a Second Language (TESL), English Language Studies (ELS) and equivalent from a university recognised by the Senate; or
6. a native speaker of English.

(2)  Research-mode applicant who intends to write his/her thesis in Arabic will be required to fulfil the criteria as follows:

1. TOEFL minimum score of 150 (computer-based) or 52 (internet-based); or
2. IELTS minimum score of Band 4; or
3. MUET minimum score of Band 2; or
4. UEPT minimum score of Band 2.

(3)  An applicant who does not fulfil any of the criteria under (1) & (2) will be allowed to register conditionally and is required to fulfil any of the criteria under (1) or (2), within 12 months (for Master’s students) and 24 months (for Ph.D. students).