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Bachelor of Science (Honours) Actuarial Sciences

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Bachelor of Science (Honours) Actuarial Sciences

Programme Information

Qualification

Degree

Duration

3 Years

Intake

April, July, October

Tuition Fee

RM 42000

Overseas Program

Available

Location

Perak

Overview

Bachelor of Science (Hons) Actuarial Sciences is a professional degree that trains actuaries who are equipped with the capabilities to model and analyse finance-related risks, especially in the banking and insurance industries. Private sectors such as financial planning institutions, corporations, investment companies and brokerage firms have a high demand for skilful actuaries in risk management and financial consulting services.

QIU’s Actuarial Science programme is designed according to the topics and subjects required by the professional examinations of the Society of Actuaries (SOA), the Malaysia Financial Planning Council (MFPC) and the Certified in Quantitative Risk Management (CQRM) certification. Students in this programme are granted module exemptions from the professional examination bodies during their academic years. The university will provide guidance and support for the students to enrol in those professional examinations.

Besides the common actuarial science subjects which are required by the programme, QIU’s Actuarial Science programme includes 4 significant specialisations – Financial Planning, Data Science, Banking and Islamic Finance. We have also incorporated popular software systems such as SPSS, R, Python, C++, SAS and Real-Time Stock Price Tracking System in our curriculum design. This is to ensure that the graduates of this programme are not only able to analyse business or finance problems using mathematical models but are also able to provide specific financial solutions.

Entry Requirements

Sijil Tinggi Pelajaran Malaysia (STPM) / Sijil Tinggi Agama Malaysia (STAM):

  • Pass STPM with two full passes in 2 subjects and with a credit in Mathematics at SPM level
  • Pass STAM with a minimum Jayyid Rank in 2 subjects and with a credit in Mathematics at the SPM level

General Certificate of Education Advanced (”A”) Level:

  • Pass A-Level/New South Wales Higher School Certificate (NSW HSC) with passes in 2 subjects

Diploma:

  • Pass Diploma in a related field of study with a minimum CGPA of 2.5. Candidates with CGPA below 2.5 but above 2.0 may be admitted subject to a rigorous internal assessment process
  • Pass Diploma in any other field with a minimum CGPA of 2.5 and with a credit in Mathematics at Sijil Pelajaran Malaysia SPM (or equivalent) level

Matriculation / Foundation:

  • Pass QIU foundation in Business/Science Programmes with CGPA ≥ 2.0; OR
  • Pass South Australian Matriculation Programme (SAM)/ Australian Matriculation Programme (AUSMAT)/ University of New South Wales (UNSW) Foundation/ Monash University Foundation Year (MUFY)/ Canadian International Matriculation Programme (CIMP)/ Canadian Pre-University (CPU); OR
  • Pass Matriculation/ Foundation/ Asasi from any IPTA/ IPTS/ Institution that is allowed to offer a pre-university programme with a minimum CGPA of 2.00

Unified Examination Certificate (UEC):

  • Pass Unified Examination Certificate (UEC) with a minimum of Grade B in 5 subjects including Mathematics

Other Qualifications:

  • Pass International Baccalaureate with average grade point ≥ 2.0 based on three advanced level subjects. A minimum total point is 20, excluding bonus points
  • Other qualifications will be assessed based on Senate’s recommendation and referred to MQA for approval on a case by case
    basis.

Course Outline

Matapelajaran Pengajian Umum (MPU)

  • Hubungan Etnik
  • TITAS
  • Communication Skills / Bahasa Kebangsaan A
  • Media and Community
  • Community Service

University Courses

  • English for Academic Purposes
  • Design Thinking
  • Device, Network and Application
  • Disciplined Entrepreneurship
  • Co-Curricular Activities

Compulsory Courses

Year 1:

  • Calculus and Linear Algebra
  • Principles of Programming
  • Financial Mathematics
  • Statistics and Probability
  • Microeconomics
  • Macroeconomics
  • Discrete Mathematics with Applications
  • Risk Management and Insurance Planning
  • Foundation in Financial Planning
  • Introduction to Financial Accounting
  • Corporate Finance
  • Financial Accounting and Reporting

Year 2:

  • Theory of Probability
  • Actuarial Mathematics
  • Risk Modelling
  • Regression Analysis
  • Operations Research
  • Risk Analysis
  • Survival Models
  • Life Contingencies I
  • Portfolio Management and Applications
  • Actuarial Modelling I
  • Advanced Calculus and Differential Equations
  • Investment Planning and Analysis

Year 3:

  • Industrial Training
  • Project I
  • Actuarial Modelling II
  • Stochastic Methods for Actuarial Science
  • Life Contingencies II
  • Project II

Specialisation Courses

Financial Planning:

  • Tax Planning and Analysis
  • Retirement Planning
  • Islamic Financial Planning

Banking:

  • Money and Banking Management
  • Credit Analysis and Lending
  • Banking Operations and Treasury Management

Data Science:

  • Database System
  • Data Mining and Warehousing
  • Business Intelligent

Islamic Banking and Finance:

  • Islamic Investment
  • Islamic Financial Planning
  • Retirement Planning

Programme Information

Qualification

Degree

Duration

3 Years

Intake

April, July, October

Tuition Fee

RM 42000

Overseas Program

Available

Location

Perak