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Bachelor of Science (Hons) Actuarial Science and Finance

MQA/FA1835 R2/462/6/0037; 11/2027

Course Information

Mode: Onsite
Duration: 3 Years
Intakes:

Feb, May, Sept

Campus: UCSI University, Kuala Lumpur Campus
Type: Full-time Study
Conducted in Malaysia: Yes
Level of Study: Bachelor's Degree Level
Field of Study: Mathematics & Statistics
Faculty: Faculty of Business
Awarding Country: Malaysia
Exam Body: Internal Degree, Malaysia
Fees: 75580/Course / 93790/Course (international)

Course 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 Education’s Graduate Employability 2022. (Source: )

Assessments

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.

Why Choose this Programme?

  • 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.

Curriculum

Year 1

  • Calculus and Analytical Geometry
  • Statistics and its Applications
  • Microeconomics
  • Business Accounting
  • Risk Management and Insurance
  • Probability Theory
  • Macroeconomics
  • Introduction to Programming
  • Financial Market and Institutions
  • Managerial Accounting
  • Cooperative Placement

Year 2

  • Mathematics I
  • Mathematics of Interest Rates
  • Mathematical Statistics
  • Introduction to Stochastic Processes
  • Financial Management 1
  • Mathematics II
  • Applied Statistical Models
  • Elective 2
  • Investment Analysis
  • Cooperative Placement

Year 3

  • Independent Project I
  • Mathematics of Financial Derivatives
  • Elective 3
  • Loss Models
  • Financial Statement and Analysis
  • Independent Project II
  • Elective 1
  • Elective 4
  • Credibility Theory
  • Stochastic Calculus for Insurance and Finance
  • Treasury Management
  • Bahasa Kebangsaan A (optional)
  • Cooperative Placement

Electives

Elective 1 (choose one)

  • Introduction to Islamic Banking and Finance
  • Corporate Finance
  • Financial Management 2
  • Investment Portfolio Management

Elective 2 (choose one)

  • Islamic Financial Markets and Institutions
  • Multinational Finance
  • Equity Analysis
  • Life Contingencies 1

Elective 3 and 4 (four choose two)

  • Actuarial Practice
  • Statistical Simulation for Financial Modelling
  • Life Contingencies 2
  • Survival Models

General Courses (MPU) are compulsory for all students.

For Malaysian students:

  1. Appreciation of Ethics and Civilisations
    (Penghayatan Etika dan Peradaban)
  2. Philosophy and Contemporary Issues
    (Falsafah dan Isu Semasa)

For foreign students:

  1. Philosophy and Contemporary Issues
  2. Communication in Bahasa Melayu 3
    (Bahasa Melayu Komunikasi 3)


 

All students:

  1. U2 - University Life
  2. U2 - Integriti dan Anti Rasuah (Integrity and Anti-Corruption)
  3. U4 - Extracurricular Learning Experience 1
  4. U4 - Extracurricular Learning Experience 2
  5. U4 - Extracurricular Learning Experience 3

Entry Requirements

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 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

ENTRY REQUIREMENTS FOR FOUNDATION YEAR

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 4

SPM English Language

Grade B+

SPM English Language 1119/O-Level/IGCSE

Grade C

UEC English Language

Grade A2

IELTS

Band 5.5

TOEFL 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 5.5

Cambridge English Qualifications and Tests

160

TOEFL IBT

46

TOEFL Essentials (Online)

8

Pearson Test of English

51

MUET

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.

Career Prospects

This programme prepares students for exciting careers in the corporate sector, insurance sectors, risk management, financial industry, government agencies, and for graduate studies in finance and investment. Examples of career options include:

  • Actuary
  • Risk manager
  • Investment Analyst
  • Credit Manager
  • Financial Analyst
  • Treasurer
  • Fund Manager
  • Credit Analyst
  • Financial Planner
  • Investment Broker
  • Investment Banker
  • Financial Trader
  • All fees are in RM (Ringgit Malaysia) currency unless stated otherwise.

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