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Bachelor Of Science (Honours) Actuarial Science

Intakes
January, May and September
Course Duration
3 Years
Course Location
Kuala Lumpur
Course Mode
Full-time
Approval Code
R2/462/6/0016; 03/2025
Accreditation Code
A11179


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 2020. (Source: ge.mohe.gov.my/)

About the Programme

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.

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, and a pass in Mathematics and English at SPM level.

​A-Level

Minimum 2 principals (E) 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

Minimum average of 60% 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 / Legend:

Discretion is given to the Head of School to deal with applicants who have results borderline to the Academic Requirements.

SPM Credit – 'A+' to 'C'
O-Level – 'A' to 'C'
UEC Credit – 'A1' to 'B6'
STPM principal – 'A' to 'C'
A-Level principal – 'A' to 'E'

English Language Requirements

For Local Students
MUET
Band 3
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
IELTS
Band 5.5
Cambridge English Qualifications and Tests
160
TOEFL IBT
46
Pearson Test of English
51

  • 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).

  • 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.
  • The applicants who have met the respective academic programme’s English Language Requirement may be advised by Faculty to improve their proficiency by undertaking additional English proficiency courses.

Courses Offered

Year 1
  • Calculus and Analytical Geometry
  • Statistics and its Application
  • Business Accounting
  • Risk Management and Insurance
  • Mathematics 1
  • Probability Theory
  • Financial Management 1
  • Microeconomics
  • Managerial Accounting
  • Macroeconomics
  • Co-Operative Placement 1
Year 2
  • Mathematics 2
  • Mathematical Statistics
  • Introduction to Stochastic Process
  • Applied Statistical Models
  • Mathematics of Interest Rate
  • Life Contingencies 1
  • Mathematics of Financial Derivatives
  • Visual Basic. Net
  • Loss Models
  • Business Communications
  • Co-Operative Placement 2
Year 3
  • Life Contingencies 2
  • Independent Project 1
  • Stochastic Calculus for Insurance and Finance
  • Elective 3
  • Independent Project 2
  • Statistical Methods for Insurance
  • Credibility Theory
  • Statistical Stimulation for Financial Modelling
  • Co-Operative Placement 3
Electives 1 & 2

Electives 1 & 2

  • Fundamental of Marketing
  • Fundamentals of Management
  • Introduction to Internet Technologies
  • Accounting Information System
  • Business Modelling with Spreadsheet
  • Business Information System
  • Business Law
  • Corporate Finance
  • Numerical & Computing Method

Electives 3

  • Actuarial Practice
  • Investment Portfolio Management
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.

Career Opportunities

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

Professional Recognition

Society of Actuaries (SOA), USA
Society of Actuaries (SOA), USA
  • Obtain all three VEE (Validation by Educational Experience) credits before graduation – 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.
  • UCSI is one of a few Malaysian private universities recognised as one of SoA’s UCAP (Universities and COLLEGES WITH Actuarial Programmes) schools.
  • UCSI provides the most comprehensive SoA exam coverage in Malaysia.
 
Institute and Faculty of Actuaries (IFoA), UKd
Institute and Faculty of Actuaries (IFoA), UKd
  • The Institute and Faculty of Actuaries (IFoA), UK has granted an Accreditation by Subject Agreement covering their CM1, CB1 and CB2 modules to UCSI 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.
  • UCSI University is the first private institution in Malaysia recognised by IFoA, UK.
Remark: The CT1 exemption obtained previously no longer exists due to the revamping of the examination system of IFoA that took effect from July 2018.

Tuition Fees

Local Students

Approximate Total Fees:

RM 72,420

Download Fee Schedule

International Students

Approximate Total Fees:

RM 83,400

Download Fee Schedule

International Degree Pathway (IDP)
IDP ProgrammePathwayUniversityCountryFee
BSc Actuarial Science1 + 2University of EssexUnited Kingdom£ 13750

For enquiry, please contact us at [email protected] or call us at +603 9101 8880 ext 2066.
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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