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Bachelor of Science (Honours) Actuarial Science and Finance

UCSI University

Level

bachelor

Duration

3 Years

Location

Kuala Lumpur, Malaysia

Entry Exams

MUET

Tuition Fee

RM 101,178 (International, approximate total)

Intake

January, May and September

Program Overview

This programme is the first degree in Malaysia to combine both fields of study. It is designed to hone competencies in financial investment management, asset valuation and risk management for various financial assets as well as provide the essential working knowledge required in the financial industry. Students will also have the flexibility to focus on either the Society of Actuaries (SoA) or other finance-related professional qualifications

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 Financial Research 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.

First University in Malaysia offering this programme (Combining Actuarial Science and Finance)

Students have the option to choose the major (Pure Actuarial Science or Actuarial Science and Finance after year 1 as Year 1 course for both programmes are identical)

The student can choose either the Actuary Professional Qualification or Finance Professional Qualification (i.e. SOA / CFA)

More career options for the student when they enter into the job market

Higher demand by employers as the students are equipped with Actuary Skills and Financial Knowledge.

Key Modules

  • 1Calculus and Analytical Geometry
  • 2Statistics and its Applications
  • 3Microeconomics
  • 4Business Accounting
  • 5Risk Management and Insurance
  • 6Probability Theory
  • 7Macroeconomics
  • 8Introduction to Programming
  • 9Financial Market and Institutions
  • 10Managerial Accounting
  • 11Cooperative Placement
  • 12Mathematics I
  • 13Mathematics of Interest Rates
  • 14Mathematical Statistics
  • 15Introduction to Stochastic Processes
  • 16Financial Management 1
  • 17Mathematics II
  • 18Applied Statistical Models
  • 19Elective 2
  • 20Investment Analysis
  • 21Independent Project I
  • 22Mathematics of Financial Derivatives
  • 23Elective 3
  • 24Loss Models
  • 25Financial Statement and Analysis
  • 26Independent Project II
  • 27Elective 1
  • 28Elective 4
  • 29Credibility Theory
  • 30Stochastic Calculus for Insurance and Finance
  • 31Treasury Management
  • 32Bahasa Kebangsaan A (optional)
  • 33Electives
  • 34Elective 1 (choose one)
  • 35Introduction to Islamic Banking and Finance
  • 36Corporate Finance
  • 37Financial Management 2
  • 38Investment Portfolio Management
  • 39Elective 2 (choose one)
  • 40Islamic Financial Markets and Institutions
  • 41Multinational Finance
  • 42Equity Analysis
  • 43Life Contingencies 1
  • 44Elective 3 and 4 (four choose two)
  • 45Actuarial Practice
  • 46Statistical Simulation for Financial Modelling
  • 47Life Contingencies 2
  • 48Survival Models
  • 49Appreciation of Ethics and Civilisations
  • 50(Penghayatan Etika dan Peradaban)
  • 51Philosophy and Contemporary Issues
  • 52(Falsafah dan Isu Semasa)
  • 53Communication in Bahasa Melayu 3
  • 54(Bahasa Melayu Komunikasi 3)
  • 55All students:
  • 56U2 - University Life
  • 57U2 - Integriti dan Anti Rasuah (Integrity and Anti-Corruption)
  • 58U4 - Extracurricular Learning Experience 1
  • 59U4 - Extracurricular Learning Experience 2
  • 60U4 - 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

  • Actuary
  • Risk manager
  • Investment Analyst
  • Credit Manager
  • Financial Analyst
  • Treasurer
  • Fund Manager
  • Credit Analyst
  • Financial Planner
  • Investment Broker
  • Investment Banker
  • Financial Trader
  • 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.

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