The Bachelor of Science (Hons) Actuarial Sciences programme trains actuaries whohave the ability to model and analyse finance-related risks, especially in the banking and insurance industries.
There is a high demand for quality actuaries in financial planning institutions,corporations, investment companies and brokerage firms – particularly in risk management and financial consulting services.
QIU’s Actuarial Science programme is recognised by international professional examination bodies such as the Society of Actuaries (SOA), the Casualty Actuarial Society (CAS), the Canadian Institute of Actuaries (CIA), the Certified in Quantitative Risk Management (CQRM) by the International Institute of Professional Education and Research (IIPER) and the Registered Financial Planner (RFP) by the Malaysia Financial Planning Council (MFPC). Our curriculum is designed to prepare students for these tests.
The programme includes four significant specialisations – Financial Planning, Data Science, Banking and Islamic Finance. Popular software systems such as SPSS, R, Python, C++, SAS and Real Time Stock Price Tracking System are incorporated into the programme’s curriculum design. This ensures that graduates are able to analyse business and finance problems with mathematical models and provide specific financial solutions.
PROGRAMME EDUCATIONAL OBJECTIVES (PEO)
PEO1
Graduates with in-depth knowledge, critical thinking and analytical skills in risk management and actuarial science.
PEO2
Graduates with the spirit of lifelong learning, professionalism and entrepreneurship in global economic and financial environment.
PEO3
Graduates who work independently in analysing, communicating and recommending solutions to financial industry development.
PROGRAMME LEARNING OUTCOMES (PLOs)
PLO1 Knowledge and Understanding
Describe technical knowledge in the fundamentals of actuarial sciences.
PLO2 Cognitive Skills
Demonstrate technical problems systematically to reach substantiated conclusions, using tools and techniques appropriate to actuarial science applications
PLO3 Practical Work Skills
Apply practical skills in solving a broad range of actuarial science problems using research methods, analysis and interpretation of data, and synthesis of information to provide valid conclusions.
PLO4 Numeracy Skills
Demonstrate skills on numerical or graphical data to assist decision-making in unveiling the deliverables of the profession.
PLO5 Digital Skills
Use digital applications that are relevant to work and profession.
PLO6 Leadership, Autonomy and Responsibility
Demonstrate leadership, teamwork, and independent skills in the workplace.
PLO7 Ethics and Professionalism
Demonstrate the dignity, ethics and integrity professionalism for the life-long development.
PLO8 Interpersonal Skills
Convey ideas both in written and oral forms using appropriate context to a diversity of audiences.
PLO9 Communication Skills
Work together with different people in diverse learning and working communities.
PLO10 Entrepreneurial Skills
Demonstrate broad entrepreneurial skills in addressing business issues and opportunities.
PLO11 Personal Skills
Engage effectively in self-directed managerial based personal characteristics for academic and career development
Industrial Advisor:
Ms Chung Kar Yin
Executive Director, Malaysian Financial Planning Council (MFPC)
MFPC is an independent body set up with the noble objective of promoting nationwide development and enhancement of the financial planning profession. MFPC provides an evolving set of Best Practice Standards and Code of Ethics that must be adhered to by Registered Financial Planner (RFP) and Shariah RFP designees. This requirement is aimed at ensuring that the public will be served with the highest quality of financial planning services.
Mr Mohammad Ridzuan Abdul Aziz
President, Fintech Association of Malaysia
Country Director for Malaysia, Head of ASEAN Business Development, WorldRemit Malaysia.
Member, International Advisory Panel of Labuan Financial Service Authority
Member, Malaysia Innovation Policy Council
External Advisor & Academic Advisor:
Associate Prof. Dr Saiful Hafizah Binti Jaaman
Former Head of Actuarial Science, UKM
Faculty of Science, Universiti Kebangsaan Malaysia
Pass STPM* with Grade C in two (2) subjects and a credit in Mathematics at SPM or its equivalent
Sijil Tinggi Agama Malaysia (STAM)
Pass STAM* with minimum Jayyid in two (2) subjects and a credit in Mathematics at SPM or its equivalent
Unified Examination Certificate (UEC)
Pass Unified Examination Certificate (UEC) with a minimum Grade B in five (5) subjects including Mathematics
General Certificate of Education Advanced (A-Level)
Pass A Levels* in two(2)subjects and a credit in Mathematics at O Levels or its equivalent
Matriculation/ Foundation
Pass Matriculation/ Foundation* with a minimum CGPA of 2.00 and a credit in Mathematics at SPM or its equivalent
QIU Foundation in Business/ Sciences programmes
Pass QIU Foundation in Business/ Science programmes with minimum CGPA of 2.00
Diploma
Pass Diploma in related field with a minimum CGPA of 2.50
Candidates with CGPA lower than 2.50 but above 2.00 can be accepted subject to rigorous internal assessmentORPass Diploma* in any other field with a minimum CGPA of 2.50 and a credit in Mathematics at SPM or its equivalent
Diploma Kemahiran Malaysia (DKM)/ Diploma Vokasional Malaysia (DVM)/ Diploma Lanjutan Kemahiran Malaysia (DLKM)
Pass with a minimum CGPA of 2.50
OR
Pass with a minimum CGPA of 2.00 and with a minimum of 2 years working experience in the related field
International Students
IELTS 5.0 / MUET Band 3.5 or its equivalent
Other Qualifications
Other Equivalent qualification recognised by the Government of Malaysia
Note:
*The credit requirement in Mathematics at SPM level or equivalent can be waived should any other higher qualifications contain Mathematics with an equivalent/ higher achievement.
For enquiries on our programme fees and funding, please fill up the form below or you may contact our Student Recruitment Division representative. We offer many funding opportunities to support students. Check out our Financial Assistance Page to find out more.