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 Â鶹´«Ã½Ó³».
* This programme received a 100% graduate employability score in the Ministry of Higher Education¡¯s Graduate Employability 2022. (Source: )
Assessments
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.
Academic Requirements
?Â鶹´«Ã½Ó³» 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 OR Grade C in two subjects inclusive of mathematics.
?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
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)
Minimum CGPA of 2.0 including Mathematics
Other equivalent qualifications
To be reviewed by the faculty on a case-to-case basis
Academic Requirements
SPM
Pass SPM with minimum 5 credits
O-Level
Minimum 5 credits (C)
UEC
Pass UEC with minimum 3 credits (B6)
Other qualifications deemed equivalent to STPM/A-Level by Malaysian Qualifications Agency
Minimum overall average of 50%
Other qualifications deemed equivalent to SPM/O-Level by Malaysian Qualifications Agency
Minimum overall average of 60%
Note:
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
MUET
Band 4SPM English Language
Grade B+SPM English Language 1119/O-Level/IGCSE
Grade CUEC English Language
Grade A2IELTS
Band 5.5TOEFL iBT
46- 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
Cambridge English Qualifications and Tests
(i) B1 Preliminary, B2 First, C1 Advanced, C2 Proficiency: 160(ii) Linguaskill Online: 160
(iii) Occupational English Test (OET): 200
IELTS
Band 5.5Cambridge English Qualifications and Tests
160TOEFL IBT
46TOEFL Essentials (Online)
8Pearson Test of English
51MUET
Band 4- International applicants have to fulfill the English requirements as listed above for international students before applying the programme.
- International applicants who come from a country which uses English Language as the official language OR 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.
- International applicants who do not meet the respective academic programme¡¯s English Language Requirements will need to improve their proficiency by enrolling into the English for Tertiary Education programme (R/KJP/00920-00929) for maximum 2 years AND pass one of the English examination as listed for international students.
- Placement into the various levels of the English for Tertiary Education programme depends on the English Language qualification students have at the point of admission and/or the outcome of the English Placement Test.
- Calculus and Analytical Geometry
- Statistics and its Applications
- Business Accounting
- Microeconomics
- Risk Management and Insurance
- Probability Theory
- Macroeconomics
- Introduction to Programming
- Elective 1
- Business Communications
- Cooperative Placement
- Mathematical I
- Mathematical Statistics
- Mathematics of Interest Rate
- Introduction to Stochastic Processes
- Mathematics II
- Applied Statistical Models
- Life Contingencies 1
- Financial Management 1
- Managerial Accounting
- Cooperative Placement
- Independent Project I
- Mathematics of Financial Derivatives
- Life Contingencies 2
- Loss Models
- Elective 3
- Independent Project II
- Elective 4
- Credibility Theory
- Stochastic Calculus for Insurance and Finance
- Elective 2
- Bahasa Kebangsaan A (Optional)
- Cooperative Placement
Electives 1 and 2 (choose two)
- Fundamental of Marketing
- Business Information System
- Introduction to Internet Technologies
- Fundamentals of Management
- Accounting Information System
- Corporate Finance
- Financial Statement and Analysis
- Investment Portfolio Management
Electives 3 and 4 (choose two)
- Actuarial Practice
- Survival Models
- Statistical Simulation for Financial Modelling
- Appreciation of Ethics and Civilisations
(Penghayatan Etika dan Peradaban) - Philosophy and Contemporary Issues
(Falsafah dan Isu Semasa)
- Philosophy and Contemporary Issues
- Communication in Bahasa Melayu 3
(Bahasa Melayu Komunikasi 3)
- U2 - University Life
- U2 - Integriti dan Anti Rasuah (Integrity and Anti-Corruption)
- U4 - Extracurricular Learning Experience 1
- U4 - Extracurricular Learning Experience 2
- U4 - Extracurricular Learning Experience 3
Many corporations today have acknowledged the need for financial specialists with the skills to manage risk. Upon completion of this programme, graduates will be furnished with the proper understanding of management know-how and are prepared for the relevant professional examinations. Graduates can seek employment in key industry streams such as:
- Actuarial Executive
- Enterprise Risk Analyst
- Bank Executive
- Financial Analyst
- Financial Planning Advisor
- Entrepreneur
- Obtain all three VEE (Validation by Educational Experience) credits before graduation ¨C the equivalent of core subjects needed to attain a membership.
- VEE credits may go towards other actuarial qualifications such as from the Casualty Actuarial Society and Canadian Institute of Actuaries.
- Â鶹´«Ã½Ó³» is one of a few Malaysian private universities recognised as one of SoA¡¯s UCAP (Universities and COLLEGES WITH Actuarial Programmes) schools.
- Â鶹´«Ã½Ó³» provides the most comprehensive SoA exam coverage in Malaysia.
- The Institute and Faculty of Actuaries (IFoA), UK has granted an Accreditation by Subject Agreement covering their CM1, CB1 and CB2 modules to Â鶹´«Ã½Ó³» University¡¯s BSc. (Hons) Actuarial Science and BSc. (Hons) Actuarial Science and Finance programmes.
- Students who have passed the necessary courses with the required marks/grade that are set by IFoA , are eligible to receive these exemptions. These exemptions are effective from the Jan-Apr 2019 semester onwards.
- Â鶹´«Ã½Ó³» University is the first private institution in Malaysia recognised by IFoA, UK.
Local Students
Approximate Total Fees:
RM 74,560
International Students
Approximate Total Fees:
RM 93,060
Note: This is an estimated fee, as different countries have different visa processing charges and administrative fees. For more information, kindly refer to your region¡¯s counselor for the detailed fee breakdown.
| IDP Programme | Pathway | University | Country | Fee |
|---|---|---|---|---|
| BSc Actuarial Science | 1 + 2 | University of Essex | United Kingdom | ?20,500 |
For enquiry, please contact us at [email protected] or call us at +603 9101 8880 ext 2066.
