BACHELOR OF SCIENCE (HONOURS) ACTUARIAL SCIENCE

About the Program

Due to the importance of their roles in managing risk and ensuring financial stability, actuaries need agile mathematical minds and razor-sharp analytical skills. On top of strong technical skills, the Faculty’s Actuarial Science programme stands out for giving its students the long-term edge in their careers by preparing them for the examinations of professional boards such as the Society of Actuaries (SoA). Many of our students have passed four out of the five preliminary SoA examinations during their undergraduate study with UCSI.


 

Duration of Study

3 years

Course Mode

Full-time

 

Course Location

Kuala Lumpur

 

Intakes

January, May and September

Career Prospect

  • Actuarial Executive
  • Enterprise Risk Analyst
  • Bank Executive
  • Financial Analyst
  • Financial Planning Advisor
  • Entrepreneur

 

Subjects Offered

 

Year 1

  • Statistics and its Application
  • Business Accounting
  • Risk Management and Insurance
  • Mathematics 1
  • Probability Theory
  • Microeconomics
  • Macroeconomics
  • Co-Operative Placement 1

 

Year 2

  • Financial Management 1
  • Mathematical Statistics
  • Introduction to Stochastic Process
  • Applied Statistical Models
  • Mathematics of Interest Rate
  • Life Contingencies 1
  • Mathematics of Financial Derivatives
  • Visual Basic. Net
  • Co-Operative Placement 2

 

Year 3

  • Loss Models
  • Life Contingencies 2
  • Independent Project 1
  • Stochastic Calculus for Insurance and Finance
  • Independent Project 2
  • Statistical Methods for Insurance
  • Credibility Theory
  • Co-Operative Placement 3

 

Entry Requirement

 

ACADEMIC REQUIREMENTS

​UCSI Foundation year

Minimum CGPA 2.0 including Mathematics

STPM

A pass in STPM with a minimum Grade (C) (CGPA 2.0) in any two subjects, and a pass in Mathematics and English at SPM level.

​A-Level

Minimum 2 principals (D) including Mathematics

UEC

Minimum 5 credits (B6) including Mathematics

​National Matriculation

Minimum CGPA of 2.0 including Mathematics

​International Baccalaureate (IB)

Minimum score of 26 points in 6 subjects including Mathematics

Canadian Pre-U

Minimum average of 60% in 6 subjects inclusive of Mathematics

AUSMAT/ HSC/SACE/TEE/WACE

Minimum average of 60% in 5 subjects inclusive of Mathematics

Other qualifications deemed equivalent to STPM/A-Level by Malaysian Qualifications Agency

Minimum overall average of 60% including Mathematics

Diploma (Business-related)

Minimum CGPA of 2.0 Including Mathematics

Other equivalent qualifications

To be reviewed by the faculty on a case-to-case basis

 

ENGLISH LANGUAGE REQUIREMENTS

IELTS

Band 5.5

Cambridge English Qualifications and Tests

160

TOEFL IBT

46

Pearson Test of English

51

 

 

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