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Bachelor of Science (Hons) Actuarial Sciences

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.







Graduates with in-depth knowledge, critical thinking and analytical skills in risk management and actuarial science.



Graduates 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.





Demonstrate knowledge in fundamentals and applications of actuarial sciences.



Use scientific and analytical techniques to design and perform to analyse and interpret results.



Demonstrate leadership, interpersonal and social skills



Apply ethical values and professionalism in actuarial profession fields



Communicate and collaborate effectively with peers, actuarial professionals, stakeholders and the community at large



Identify and analyses critically actuarial sciences  problems to provide solutions based on evidence



Apply skills and principles of lifelong learning in academic and career development



Demonstrate entrepreneurship and managerial skills in managing projects and continuous professional 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

General Studies Subjects 



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



  • Bahasa Melayu Komunikasi 2
  • Malaysian Studies
  • Communication Skills
  • Media and Community
  • Community Service
University Courses 

  • English for Academic Purposes
  • Devices, Networks & Applications
  • Disciplined Entrepreneurship
  • Design Thinking
  • Co-curriculum
Core CoursesYear 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
  • Risk Analysis
  • Operations Research
  • Survival Models
  • Life Contingencies I
  • Portfolio Management and Applications
  • Actuarial Modelling I
  • Advanced Calculus and Differential Equation
  • Investment Planning and Analysis


Year 3

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


Financial Planning

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


Data Science

  • Database System
  • Data Mining and Warehousing
  • Business Intelligent



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


Islamic Finance

  • Retirement Planning
  • Islamic Financial Planning
  • Islamic Investment

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 pre-university programme with a minimum CGPA of 2.00; OR

General Certificate of Education Advanced (”A”) Level 

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

Sijil Tinggi Persekolahan Malaysia (STPM) 

Pass with two full passes in 2 subjects and with a credit in Mathematics at Sijil Pelajaran Malaysia (SPM) level

Sijil Tinggi Agama Malaysia (STAM) 

Pass with a minimum Jayyid Rank in 2 subjects and with a credit in Mathematics at the Sijil Pelajaran Malaysia (SPM) level


Unified Examination Certificate (UEC)


Pass with at least grade B in five (5) subjects including Mathematics

Recognised Diploma in a related field 

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 rigorous internal assessment process; OR


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

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; OR


Other qualifications will be assessed based on Senate’s recommendation and referred to MQA for approval on a case by case basis.

Programme Details

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