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Course 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 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.

Curriculum

Year 1

• 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

Year 2

• 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

Year 3

• 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

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

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

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