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Home  > Faculty of Business & Information Science > Academic Programmes > BSc (Hons) Actuarial Science and Finance
BSc (Hons) Actuarial Science and Finance
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Approval Code N/343/6/0066; 11/2017
Classification BSc (Hons)
Subject Area Actuarial Science and Finance
Course Mode Full Time
Course Duration 3 Years
Course Location UCSI University, Kuala Lumpur Campus
Intakes January, May and September
As the financial market is getting more volatile these days, enterprise risk management becomes an essential component of big corporations. To furnish the demand for personnel of this profession. The BSc (Hons) Actuarial Science & Finance was developed. The objective of this programme is to produce graduate competent in knowledge and skills for financial investment management, assets valuation and risk management for various financial assets such as equities, bond, FOREX, commodities and derivatives. The programme exposes students to both theoretical and practical approaches to investment analysis, security analysis, and portfolio and risk management. In addition, the programme also provides comprehensive study of money markets, financial instruments, financial planning, banking and corporate financial management, the essential working knowledge for executives in the financial industry.


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.
Qualifications Academic Requirements
UCSI Foundation year Minimum CGPA of 2.5
STPM Minimum 2 principals (C) inclusive of B grade in Mathematics
A-Level Minimum 2 principals (E) inclusive of B grade in Mathematics
UEC Minimum 5 credits inclusive of B4 grade in Mathematics
National Matriculation Minimum CGPA of 2.5 inclusive of B grade in Mathematics
International Baccalaureate (IB) Minimum score of 26 points in 6 subjects inclusive of 4 or above in Mathematics
Canadian Pre-U Minimum average of 60% in 6 subjects & Minimum 60% score in Mathematics
SAM Minimum average of 60% in 5 subjects & Minimum 60% score in Mathematics
Australian Year 12 ATAR 65% & Minimum 60% scaled score in Mathematics
Other qualifications deemed equivalent to STPM/A-Level by Malaysian Qualifications Agency Minimum overall average of 60% & Minimum 60% score in Mathematics
Diploma (in any related field) Minimum CGPA of 2.0 in related area
To be reviewed by the faculty on a case-to-case basis
Other equivalent qualifications To be reviewed by the faculty on a case-to-case basis

Entry into Foundation year
Qualifications 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%
English Requirements
  • A distinction (A+, A or A-) in the English Language subject at SPM/UEC level; or MUET Band 5; or a score of 196 (computer-based) / 525 (writing-based) / 69-70 (internet-based) in TOEFL; or Band 5.5 in IELTS.
  • In the event that the English Language Requirements are not met, student may be required to undertake additional English module(s) prior to or concurrently with the undergraduate programme, based on the University’s decision.
* International students holding equivalent academic qualifications but which are not conducted in English, are required to sit for the English Placement Test, which may result in the taking of the English Enrichment Programme (1 to 10 months). Students who intend to pursue the above undergraduate programme directly, are advised to fulfil the above English requirements prior to commencing their studies at the University.
Note / Legend Discretion is given to the Head of School to decide on applicants whose academic results are borderline to the entry requirements.

SPM Credit – 'A+' to 'C'
O-Level – 'A' to 'C'
UEC Credit – 'A1' to 'B6'
STPM principal – 'A' to 'C'
'A' Levels principal – 'A' to 'E'
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
Year 1
  • Mathematics 1
  • Statistics
  • Managerial Accounting
  • Financial Management 1
  • Mathematics 2
  • Applied Probability
  • Applied Statistical Models
  • Mathematics of Interest Rates
  • Microeconomics
  • Business Accounting
  • Financial Markets & Inst.
  • Business Communications
  • University Life (MPU-U2)
  • Extracurricular Learning Experience 1 (MPU-U4)
  • Co-operative Placement 1
Year 2
  • Introduction to Stochastic Process
  • Equity Analysis
  • Mathematics of Financial Derivatives
  • Loss Models
  • Treasury Management
  • Stat. Simulation for Fin. Modelling
  • Financial Management 2
  • Macroeconomics
  • Business Modeling with Spreadsheet
  • Financial Statement & Analysis
  • Elective 1
  • Elective 2
  • Business Law- Malaysian Perspective (MPU-U3)
  • Extracurricular Learning Experience 2 (MPU-U4)
  • Co-operative Placement 2
Year 3
  • Stochastic Calculus for Ins. & Fin.
  • Credibility Theory
  • Actuarial Practices
  • Independent Project 1
  • Independent Project 2
  • Investment Analysis
  • Extracurricular Learning Experience 3 (MPU-U4)
  • Co-operative Placement 3
Elective 1**
  • Life Contingencies I
  • Introduction to Islamic Banking and Fin.
  • Corporate Finance
Elective 2**
  • Life Contingencies 2
  • Multinational Finance
  • Islamic Fin. Market & Inst.
General Courses (MPU) are compulsory for all students.

U1 –   For Malaysian students:
  1. Ethnic Relations
  2. Islamic Civilisation and Asian Civilisation

–   For foreign students:
  1. Malaysian Studies
  2. Communication in Bahasa Melayu 3

All information is correct at the time of upload and UCSI University reserves the right to make amendments without prior notice.

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