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Bachelor of Science (Honours) Actuarial Science

UCSI University

Level

bachelor

Duration

3 Years

Location

Kuala Lumpur, Malaysia

Entry Exams

MUET

Tuition Fee

RM 100,404 (International, approximate total)

Intake

January, May and September

Program Overview

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.

This programme received a 100% graduate employability score in the Ministry of Higher

The assessment includes a combination of examinations, projects and assignments, and finally a requirement to complete a dissertation in Independent Project in the final year. Students will acquire up-to-date vocational skills that are relevant and competitive. This reflects the complex and challenging nature of the accounting, finance and business realms.

Key Modules

  • 1Calculus and Analytical Geometry
  • 2Statistics and its Applications
  • 3Business Accounting
  • 4Microeconomics
  • 5Risk Management and Insurance
  • 6Probability Theory
  • 7Macroeconomics
  • 8Introduction to Programming
  • 9Elective 1
  • 10Business Communications
  • 11Cooperative Placement
  • 12Mathematical I
  • 13Mathematical Statistics
  • 14Mathematics of Interest Rate
  • 15Introduction to Stochastic Processes
  • 16Mathematics II
  • 17Applied Statistical Models
  • 18Life Contingencies 1
  • 19Financial Management 1
  • 20Managerial Accounting
  • 21Independent Project I
  • 22Mathematics of Financial Derivatives
  • 23Life Contingencies 2
  • 24Loss Models
  • 25Elective 3
  • 26Independent Project II
  • 27Elective 4
  • 28Credibility Theory
  • 29Stochastic Calculus for Insurance and Finance
  • 30Elective 2
  • 31Bahasa Kebangsaan A (Optional)
  • 32Electives
  • 33Electives 1 and 2 (choose two)
  • 34Fundamental of Marketing
  • 35Business Information System
  • 36Introduction to Internet Technologies
  • 37Fundamentals of Management
  • 38Accounting Information System
  • 39Corporate Finance
  • 40Financial Statement and Analysis
  • 41Investment Portfolio Management
  • 42Electives 3 and 4 (choose two)
  • 43Actuarial Practice
  • 44Survival Models
  • 45Statistical Simulation for Financial Modelling
  • 46Appreciation of Ethics and Civilisations
  • 47(Penghayatan Etika dan Peradaban)
  • 48Philosophy and Contemporary Issues
  • 49(Falsafah dan Isu Semasa)
  • 50Communication in Bahasa Melayu 3
  • 51(Bahasa Melayu Komunikasi 3)
  • 52All students:
  • 53U2 - University Life
  • 54U2 - Integriti dan Anti Rasuah (Integrity and Anti-Corruption)
  • 55U4 - Extracurricular Learning Experience 1
  • 56U4 - Extracurricular Learning Experience 2
  • 57U4 - Extracurricular Learning Experience 3

Entry Requirements

  • UCSI Foundation year
  • Minimum CGPA 2.0 including Mathematics
  • A pass in STPM with a minimum Grade (C) (CGPA 2.0) in any two subjects OR Grade C in two subjects inclusive of mathematics.
  • Minimum 2 principals (D) including Mathematics
  • 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
  • Minimum average of 60% in 6 subjects inclusive of Mathematics
  • AUSMAT/ HSC/SACE/TEE/WACE
  • ATAR score 60% OR minimum 60% average 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)
  • Other equivalent qualifications
  • To be reviewed by the faculty on a case-to-case basis
  • ENTRY REQUIREMENTS FOR FOUNDATION YEAR
  • Academic Requirements
  • Pass SPM with minimum 5 credits
  • Minimum 5 credits (C)
  • Pass UEC with minimum 3 credits (B6)
  • Minimum overall average of 50%
  • Other qualifications deemed equivalent to SPM/O-Level by Malaysian Qualifications Agency
  • Minimum overall average of 60%
  • The requirement to pass Mathematics and English at SPM level in the first and second items can be waived should the qualifications contain Mathematics and English subjects with equivalent/higher achievement.
  • English Language Requirements
  • For Local Students
  • SPM English Language
  • SPM English Language 1119/O-Level/IGCSE
  • UEC English Language
  • Applicants who have an academic qualification from a higher learning institution which uses English Language as a medium of instruction can be granted an exemption from the University English requirements and MQA requirement.
  • For International Students
  • TOEFL Essentials (Online)
  • Pearson Test of English
  • Cambridge English Qualifications and Tests
  • (i. B1 Preliminary, B2 First, C1 Advanced, C2 Proficiency)
  • (ii. Linguaskill Online)
  • (iii. Occupational English Test (OET) (Conventional/Online))
  • O-Level English/IGCSE

Career Prospects

  • Actuarial Executive
  • Enterprise Risk Analyst
  • Bank Executive
  • Financial Analyst
  • Financial Planning Advisor
  • Entrepreneur
  • Professional Recognition
  • Society of Actuaries (SOA), USA
  • UCSI provides the most comprehensive SoA exam coverage in Malaysia.
  • Institute and Faculty of Actuaries (IFoA), UKd
  • UCSI University is the first private institution in Malaysia recognised by IFoA, UK.

Interested in Bachelor of Science (Honours) Actuarial Science?

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