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BSc (Hons) Actuarial Studies

BSc (Hons) Actuarial Studies

School of Mathematical Sciences

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JPT/BPP(U)(N/462/6/0002/FA1631)07/17
 

About the Programme

The programme draws together a variety of subjects that involve applying mathematical and statistical techniques in the financial world. It is designed to pave the way for students wishing to enter a career as an actuary. Students will be prepared for professional exams that lead to recognised actuary status or specialist in the financial risk and insurance industries.

The Society of Actuaries (SOA), USA, Casualty Actuarial Society (CAS), USA, and Canadian Institute of Actuaries (CIA) conduct actuarial professional exams leading to professional designations such as Fellow of the Society of Actuaries (FSA), Chartered Enterprise Risk Analyst (CERA), Fellow of the Casualty Actuarial Society (FCAS) and Fellow of the Canadian Institute of Actuaries (FCIA).

Our programme also provides exemptions for 3 papers (VEE) from the professional bodies on condition that the student scores at least B- (or equivalent grade) in the designated subjects offered in the programme.

The Associateship of the Malaysian Insurance Institute (AMII) is an alternative professional qualification for students to consider. There is an accelerated pathway to this professional qualification, via our BSc (Hons) in Actuarial Studies programme. Students are eligible for exemptions of up to 11 AMII modules (out of 14 AMII modules), with the possibility of completing the remaining modules within the 3-year degree. This is an exclusive opportunity for the students to obtain a Bachelor’s Degree and professional qualification upon graduation.

Students have the option of transferring to Macquarie University to complete their degree in Australia under a 1+2 articulation arrangement

Students have the option of transferring to University of East Anglia to complete their degree in the UK under a 1+2 articulation arrangement

  • Society of Actuaries (SOA), USA
  • Casualty Actuarial Society (CAS), USA
  • Canadian Institute of Actuaries (CIA)
  • Institute and Faculty of Actuaries (IFoA), UK
  • Malaysian Insurance Institute (MII)

Students have the option of transferring to University of Kent to complete their degree in the UK under a 1+2 articulation arrangement


 
Intakes:
January, March & August
Duration:
3 Years (full-time)
 
 

Career Prospects

  • Chief Actuary in Life / Health / Property / Casualty Insurance
  • Chief Executive Officer
  • Financial Risk Manager
  • Actuarial Reserving Analyst
  • Chief Financial Officer
  • Catastrophe Risk Analyst
  • Consulting Actuary
  • Underwriting Auditor
  • Actuarial Pricing and Risk Analyst
  • Pension / Retirement Plan Actuary
 

Programme Structure

  • Principles of Financial Accounting
  • Introductory Economics
  • Programming Principles
  • Calculus
  • Linear Algebra & Applications
  • English for Business
  • Principles of Business Finance
  • Introduction to Probability
  • Advanced Calculus
  • Theory of Interest
  • Derivative Securities I
  • Life Contingencies I
  • Introduction to Statistics
  • Financial Management
  • Communication Skills
  • Derivative Securities II
  • Life Contingencies II
  • Mathematical Methods
  • Risk Theory
  • Simulation & Credibility Theory
  • Survival Models
  • Ratemaking & Loss Reserving for General Insurance
  • Internship
  • Business Ethics & Social Responsibilities
  • Financial Risk Management
  • Final Year Project
  • Time Series & Forecasting
  • Regression Analysis
  • Risk Based Capital Modelling for Non-life Insurers
  • Stochastic Processes
  • Discrete Mathematics
For Local students:
  • Malaysian Studies 2
  • Moral Education / Islamic Studies
  • Community Service
  • Bahasa Kebangsaan A (applicable to students who did not sit for SPM or did not obtain a Credit in SPM Bahasa Melayu)

 

For International students:
  • Malay Language for Communication 1
  • Moral Education / Islamic Studies
  • Community Service

Entry Requirement

STPM Average C+ or CGPA 2.33 (minimum 2 Principals)
A Level CC / CDE (minimum 12 points)
Australian Matriculation ATAR 60
Canadian Matriculation 60%
MUFY 240 (60%)
Sunway Foundation in Arts CGPA 2.0
Sunway Foundation in Science and Technology CGPA 2.0
UEC Maximum 26 points from 5 subjects (all Grade Bs)
IB Completed with minimum 25 points (excluding bonus points)


Other Qualifications
Any other qualifications will be considered on a case-to-case basis
 

English Language Requirements
TOEFL 550 (paper-based), 213 (computer-based), 80 (internet-based)
IELTS 6.0
PTE Acedemic 50 overall (minimum 46 in each skill)
MUET Band 4
SPM English B3 or B+
UEC English B4
O-Level English (1119) Credit
Sunway Intensive English Programme Pass Level 4 with minimum 65%
ESL/ English Satisfactory level in English in Pre-University programmes where the medium of instruction is English

 

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