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)
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.
PROGRAMME LEARNING OUTCOMES (PLOs)
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
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|| |
|University Courses|| |
|Core Courses||Year 1|
|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.
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