Bachelor Of Science (Honours) Actuarial Science And Finance

January, May and September
Course Duration
3 Years
Course Location
Kuala Lumpur
Course Mode
Approval Code
R/462/6/0066; 11/2022
Accreditation Code


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 2020. (Source:

About the Programme


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.

Entry Requirements

Academic Requirements

UCSI Foundation year

Minimum CGPA 2.0 including Mathematics


A pass in STPM, with a minimum Grade C (CGPA 2.0) in any 2 subjects, and a pass in Mathematics and English at SPM level


Minimum 2 principals (D) including Mathematics


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


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


Academic Requirements


Pass SPM with minimum 5 credits


Minimum 5 credits (C)


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
Band 3
SPM English Language
Grade B+
SPM English Language 1119/O-Level/IGCSE
Grade C
UEC English Language
Grade A2
Band 5.5

  • 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
Band 5.5
Cambridge English Qualifications and Tests
Pearson Test of English
Band 3

  • 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
  • Financial Management 1
  • Microeconomics
  • Co-Operative Placement 1
  • Mathematics 1
  • Probability Theory
  • Financial Market and Institutions
  • Managerial Accounting
  • Macroeconomics
Year 2
  • Mathematics 2
  • Mathematical Statistics
  • Introduction to Stochastic Process
  • Applied Statistical Models
  • Mathematics of Interest Rate
  • Financial Statement and Analysis
  • Co-Operative Placement 2
  • Mathematics of Financial Derivatives
  • Visual Basic. Net
  • Investment Analysis
Year 3
  • Loss Models
  • Independent Project 1
  • Stochastic Calculus for Insurance and Finance
  • Treasury Management
  • Elective 1
    • Life Contingencies I
    • Introduction to Islamic Banking and Finance
    • Corporate Finance
    • Financial Management 2
  • Elective 2
    • Life Contingencies 2
    • Multinational Finance
    • Islamic Financial Market and Institution
    • Equity Analysis
  • Co-Operative Placement 3
  • Independent Project 2
  • Credibility Theory
  • Statistical Simulation for Financial Modelling
  • Elective 3 & 4
    • Actuarial Practices
    • Investment Portfolio Management
    • Statistical Simulation for Financial Modelling
    • Techniques for Ratemaking and Estimating Claim Liabilities
General Courses (MPU) are compulsory for all students.
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

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

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 73,460

Download Fee Schedule

International Students

Approximate Total Fees:

RM 84,450

Download Fee Schedule

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


Download our brochure.

Click here

More Programmes

To view other programmes from the faculty.

Click here