Pioneer 
About the Programme
After the successful accreditation of its undergraduate Actuarial Science programmes, UCSI University is launching the MSc in Actuarial Management. This elevates UCSI’s offerings in the field of Actuarial Studies to the Graduate-Education level (curriculum covers all topics on the first four CAS/SOA exams and programmes leads to a Master’s degree).
As a post-graduate programme, the MSc in Actuarial Management will have more emphasis on the theoretical fundamentals of the disciples involved. In addition, this Master’s programme offers two structures (C or B) to meet the different needs of learners with a first degree in the quantitative discipline.
Coursework (Structure C)Â is ideal for professionals such as mathematics teachers, engineers or economists who want a mid-career switch to the actuarial profession. Coursework (Structure C) will equip them with the essential technical knowledge to pursue the Society of Actuaries exams up to associate level. In addition, it provides essential management know-hows for technicists to succeed in ascending the corporate ladder.
Actuarial Science is an interdisciplinary programme, so inevitably, graduates from such programmes could lack theoretical depth.
Mixed Mode (Structure B)Â is designed for those who already have a degree in or related to actuarial science and would like to boost their theoretical foundation and develop skills for research. It is ideal for those interested to venture into academia or a management role that conducts more rigorous investigative tasks.
Duration of Study
Minimum 1 Year
Course Mode
Course Location
Intakes
- Insurance and reinsurance companies
- Banking and finance
- Consulting firms
- Service firms
- Government agencies
- Universities and educational institutions
Subjects Offered
- Probability and Statistical Method
- Research Methods for Business and Management
- Life Contingency
- Actuarial Models
Semester 2 (12 credit hours)
- Empirical Modelling for Actuary
- Insurance Business Practices
- Stochastic Process for Financial Economic
- Empirical Workshop
Semester 3 (17 credit hours)
- Elective 1
- Elective 2
- Elective 3
- Research Project
- Probability and Statistical Method
- Research Methods for Business and Management
- Life Contingency
- Actuarial Models
Semester 2
- Empirical Modelling for Actuary
- Insurance Business Practices
- Empirical Workshop
- Elective
Semester 3
- Research Thesis
- GD 401 Quantitative Equity Portfolio Management
- GD 506 Stochastic Process for Financial Economic
- GD 403 Asset Liability management
- GM 502 Marketing Management
- GM 524 Ethics and Corporate Social Responsibility
- GM 512 Business Policy and Strategic Management
Entry Requirement
ACADEMIC REQUIREMENTS
i. A bachelor’s degree (Level 6, Malaysian Qualification Framework) from related disciplines with a minimum CGPA of 2.50, as accepted by HEP Senate, or
ii. Other qualifications equivalent to a bachelor’s degree from related disciplines with a minimum CGPA of 2.50 that are accepted by the HEP Senate.
ENGLISH LANGUAGE REQUIREMENTS
IELTS
Band 6.0
TOEFL IBT
60
Cambridge English Qualification and Test
169
Pearson Test of English
59
MUET
Band 4
