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BSc (Hons) in Actuarial Studies

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BSc (Hons) in Actuarial Studies
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Programme Information

Qualification

Degree

Duration

3 Years

Intake

January, April, August

Tuition Fee

RM 56120

Overseas Program

Available

Location

Selangor

Overview

This programme draws together a variety of subjects that involve applying mathematical and statistical techniques in the financial services industry. It is designed to pave the way for students wishing to embark on a career as an actuary. Students will be prepared for professional exams leading to the qualification of an actuary from a globally recognised professional actuarial body.

Entry Requirements

Academic Requirements

  • STPM: Average C+ or CGPA 2.33 (minimum 2 Principals)
  • A-Level: Minimum 12 points
  • Australian Matriculation: ATAR 60
  • Canadian Matriculation: 60%
  • Monash University Foundation Year: 60%
  • Sunway Foundation in Arts: CGPA 2.0
  • Sunway Foundation in Science Technology: CGPA 2.0
  • Unified Examination Certificate: Maximum 26 points from 5 subjects (all Grade Bs)
  • International Baccalaureate: Completed with minimum 25 points (excluding bonus points)

English Requirements

  • TOEFL: 550 paper-based, 213 computer-based, 80 internet-based
  • IELTS: 6.0
  • PTE Academic: 50 overall (minimum 46 in each skill)
  • MUET: Band 4
  • SPM English: B3 or B+
  • UEC English: B4
  • O-Level English (1119): Credit
  • Sunway Intensive English Programme (IEP): Pass Level 4
  • ESL/English: Satisfactory level in Pre-University programmes, where the medium of instruction is English

Course Outline

Year 1

  • Principles of Financial Accounting
  • Introductory Economics
  • Programming Principles
  • Calculus
  • Linear Algebra & Applications
  • English for Business
  • Principles of Business Finance
  • Introduction to Probability
  • Advanced Calculus
  • Theory of Interest

Year 2

  • Derivative Securities I
  • Life Contingencies I
  • Introduction to Statistics
  • Financial Management
  • Communication Skills
  • Derivative Securities II
  • Life Contingencies II
  • Mathematical Methods
  • Risk Theory

Year 3

  • Simulation & Credibility Theory
  • Survival Models
  • Ratemaking & Loss Reserving for General Insurance
  • Internship
  • Business Ethics & Social Responsibilities
  • Financial Risk Management

Electives (choose any 3 in Year 3)

  • Final Year Project
  • Time Series & Forecasting
  • Regression Analysis
  • Risk Based Capital Modelling for Non-life Insurers
  • Stochastic Processes
  • Discrete Mathematics

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Programme Information

Qualification

Degree

Duration

3 Years

Intake

January, April, August

Tuition Fee

RM 56120

Overseas Program

Available

Location

Selangor