Bachelor of Science (Honours) Actuarial Sciences

(R/0788/6/0003) (04/28) (MQA/FA6639)

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Key Information

Intakes

April, July, October

Programme Duration

3 years | Full-time

Mode of Study

Full-Time

Programme Level

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)

PEO1Graduates with in-depth knowledge, critical thinking and analytical skills in risk management and actuarial science.
PEO2Graduates with the spirit of lifelong learning, professionalism and entrepreneurship in global economic and financial environment.
PEO3Graduates who work independently in analysing, communicating and recommending solutions to financial industry development.

PROGRAMME LEARNING OUTCOMES (PLOs)

PLO1 Knowledge and UnderstandingDescribe technical knowledge in the fundamentals of actuarial sciences.
PLO2 Cognitive SkillsDemonstrate technical problems systematically to reach substantiated conclusions, using tools and techniques appropriate to actuarial science applications
PLO3 Practical Work SkillsApply 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 SkillsDemonstrate skills on numerical or graphical data to assist decision-making in unveiling the deliverables of the profession.
PLO5 Digital SkillsUse digital applications that are relevant to work and profession.
PLO6 Leadership, Autonomy and ResponsibilityDemonstrate leadership, teamwork, and independent skills in the workplace.
PLO7 Ethics and ProfessionalismDemonstrate the dignity, ethics and integrity professionalism for the life-long development.
PLO8 Interpersonal SkillsConvey ideas both in written and oral forms using appropriate context to a diversity of audiences.
PLO9 Communication SkillsWork together with different people in diverse learning and working communities.
PLO10 Entrepreneurial SkillsDemonstrate broad entrepreneurial skills in addressing business issues and opportunities.
PLO11 Personal SkillsEngage 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

Sijil Tinggi Persekolahan Malaysia (STPM)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/ FoundationPass Matriculation/ Foundation* with a minimum CGPA of 2.00 and a credit in Mathematics at SPM or its equivalent
QIU Foundation in Business/ Sciences programmesPass QIU Foundation in Business/ Science programmes with minimum CGPA of 2.00
DiplomaPass 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 StudentsIELTS 5.0 / MUET Band 3.5 or its equivalent
Other QualificationsOther 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.

General Studies Courses
Penghayatan Etika dan Peradaban
Bahasa Melayu Komunikasi 2
Bahasa Kebangsaan A
English for Academic Purposes
Philosophy and Current Issues
Integrity and Anti-Corruption
Community Service
University Courses
Digital Skills & Services
Creativity & Innovation
Entrepreneurship
General Interest Course
Core 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 of Financial Planning
Introduction to Financial Accounting
Financial Accounting and Reporting
Corporate Finance
Year 2
Theory of Probability
Time Series Analysis
Life Contingencies I
Advanced Calculus and Differential Equation
Risk Modelling
Actuarial Modelling I
Risk Analysis
Portfolio Management and Applications
Survival Models
Stochastic Methods for Actuarial Science
Year 3
Operations Research
Life Contingencies II
Actuarial Modelling II
Project I
Project II
Industrial Training
Elective Courses – Choose any four (4)
Tax Planning and Analysis
Retirement Planning
Islamic Investment
Islamic Financial Planning
Business Intelligent
Database System
Data Mining & Data Warehousing
Credit Analysis and Lending
Banking Operations and Treasury Management
Money and Banking Management
Investment Planning and Analysis

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.

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Programme code: (N/0713/6/0037) (03/29) (MQA/PA16954)

Duration: 3 years | Full-time

Intakes: April, July, November

Mode of Study: Full-Time

Programme code: (N/0721/6/0004) (03/29) (MQA/PA17213)

Duration: Full-time: 3 years
Part-time: 5 years

Intakes: April, July, October

Mode of Study: Full-Time, Part-Time

Programme code: (R2/0412/6/0041) (01/28) (MQA/FA2256)

Duration: 3 years | Full-time

Intakes: April, July, October

Mode of Study: Full-Time

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Public HolidaysWeek startWeek endAcademic Week
 18-Nov **Registration & Orientation – 18 Nov (Mon)
  19-Nov 22-NovWeek 1 – Class starts for all (19 Nov)
 25-Nov29-NovWeek 2
 2-Dec6-DecWeek 3
 9-Dec13-DecWeek 4
 16-Dec20-DecWeek 5
25-Dec Wed Christmas Day23-Dec27-DecWeek
1-Jan Wed New Year30-Dec3-JanWeek 7
 6-Jan10-JanWeek 8
 13-Jan17-JanWeek 9
 20-Jan24-JanWeek 10
29 Jan Wed Chinese New Year25-Jan31-JanMid-sem Break
 3-Feb7-FebWeek 11
11 Feb Tue Thaipusam10-Feb14-FebWeek 12
 17-Feb21-FebWeek 13
 24-Feb28-FebWeek 14
 3-Mar7-MarStudy Week
 10-Mar15-Mar Final Examination
17 Mar Mon Nuzul Al-Quran17-Mar22-Mar Final Examination
 24-Mar28-Mar Semester Break
31 Mar Mon Hari Raya Aidilfitri31-Mar4-Apr Semester Break
 7-Apr11-Apr Semester Break
 14-Apr18-Apr Semester Break

* When a public holiday falls on Sunday, the holiday is substituted with the following working Monday/ working day

**Registration and Orientation (Nov 2024 sem) – for late registration students who did not manage to go through orientation in MOOC semester

Note: The University reserves the right to amend as and when required