Bachelor of Science (Hons) Actuarial Sciences JPT/BPP(MQA/PA6639)04/21

Bachelor of Science (Hons) Actuarial Sciences is a professional degree that trains actuaries who are equipped with the capabilities to analyse and manage risk especially in the banking and insurance industry. Besides that, private sectors such as financial institutions, corporations, investment companies and brokerage firms have high demand for skillful actuaries in risk management and financial consulting services.

QIUP’s Actuarial Science programme is designed according to the topics and subjects required by the professional examinations of Society of Actuaries (SOA), Casualty Actuarial Society (CAS) and Canadian Institute of Actuaries (CIA).

Students in this programme are encouraged to take the examinations during their academic years. The university will provide guidance and support for the students to enrol in those professional examinations. Besides the common subjects which are designed for the programme, QIUP’s Actuarial Science programme has included 3 major finance specialisations (Islamic Banking and Finance, Banking and Financial Planning). This is to ensure that the graduates of this programme are not only able to analyse the business / finance problems using mathematical model, but are also able to provide specific financial solutions to the company.

Programme content

The following courses make up the Bachelor of Science (Hons) Actuarial Sciences JPT/BPP(MQA/PA6639)04/21 programme curriculum:

Matapelajaran Pengajian Umum (MPU)

 

Local

  • Hubungan Etnik
  • TITAS
  • Communication Skills / Bahasa Kebangsaan A
  • Malaysian Economy
  • Community Service

International

  • Bahasa Melayu Komunikasi 2
  • Malaysian Studies
  • Communication Skills
  • Malaysian Economy
  • Community Service
University Courses
  • English for Academic Purposes I
  • English for Academic Purposes II
  • Co-Curriculum
Compulsory Courses Year 1:

  • Linear Algebra
  • Calculus
  • Financial Mathematics
  • Introduction to Financial Accounting
  • Statistics and Probability
  • Discrete Mathematics with Applications
  • Advanced Calculus and Differential Equation
  • Actuarial Mathematics I
  • Principles of Programming
  • Introduction to Economics

Year 2:

  • Theory of Interest
  • Actuarial Mathematics II
  • Risk Modelling
  • Regression Analysis
  • Survival Models
  • Introduction to Risk Management
  • Actuarial Practices
  • Life Contingencies I
  • Portfolio Management and Applications
  • Risk Analysis
  • Insurance Principle

Year 3:

  • Actuarial Modelling I
  • Life Contingencies II
  • Operations Research
  • Investment Planning
  • Actuarial Modelling II
  • Stochastic Methods for Actuarial Science
  • Islamic Financial Investment
Specialisation Courses Financial Banking:

  • Investment Analysis
  • Retirement and Estate Planning
  • Financial Plan Construction and Professional Responsibilities

Banking:

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

Islamic Banking and Finance:

  • Money and Banking Management
  • Islamic Estate and Waqf Planning
  • Islamic Financial Plan Applications and Professional Responsibilities
Other Compulsory Courses
  • Industrial Training
  • Project I
  • Project II

Minimum entry requirements

Sijil Tinggi Pelajaran Malaysia (STPM) / Sijil Tinggi Agama Malaysia (STAM) Pass Sijil Tinggi Persekolahan Malaysia (STPM) with two full passes in 2 subjects and with a credit in Mathematics at Sijil Pelajran Malaysia (SPM) level; OR

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

General Certificate of Education Advanced (”A”) Level Pass A-Level / New South Wales Higher School Certificate (NSW HSC) with passes in 2 subjects; OR
Diploma Pass Diploma in 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; OR

Matriculation / Foundation Pass QIUP 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

Unified Examination Certificate (UEC)  Pass Unified Examination Certificate (UEC) with a minimum of Grade B in 5 subjects including Mathematics;
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.

Intakes
3 intakes in a year

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

Mode of Study: Full-time / Part-time

Assessment
Students’ ability is gauged both through continuous assessments and a final examination. The continuous assessment component comprises tests/quizzes, mid-semester examination and projects / assignments.