BSc (Hons) Actuarial Science and Finance

This programme is the first of its kind in Malaysia to integrate both finance and actuarial fields of study. It is designed to develop competencies in financial investment management, asset valuation, and risk management across various financial assets. Additionally, it equips students with the essential knowledge and practical skills needed to excel in the financial industry, preparing them for a range of professional roles.

A key feature of the programme is its flexibility, allowing students to tailor their learning toward specific career goals. They can choose to focus on preparing for the Society of Actuaries (SoA) examinations or pursue other finance-related professional qualifications. This dual focus not only enhances their technical expertise but also broadens their career opportunities in the competitive financial sector.

Academic Requirements

• UCSI Foundation year: Minimum CGPA 2.0 including Mathematics
• STPM: A pass in STPM with a minimum Grade (C) (CGPA 2.0) in any two subjects OR Grade C in two subjects inclusive of mathematics.
• A-Level: Minimum 2 principals (D) including Mathematics
• ​UEC: Minimum 5 credits (B6) including Mathematics
• ​National Matriculation: Minimum CGPA of 2.0 including Mathematics
• ​International Baccalaureate (IB): Minimum score of 26 points in 6 subjects including Mathematics
• Canadian Pre-U: Minimum average of 60% in 6 subjects inclusive of Mathematics
• AUSMAT/ HSC/SACE/TEE/WACE: ATAR score 60% OR minimum 60% average in 5 subjects inclusive of Mathematics
• Other qualifications deemed equivalent to STPM/A-Level by Malaysian Qualifications Agency: Minimum overall average of 60% including Mathematics
• Diploma (Business-related): Minimum CGPA of 2.0 Including Mathematics
• Other equivalent qualifications
• To be reviewed by the faculty on a case-to-case basis

Academic Requirements for Foundation Year

• SPM: Pass SPM with minimum 5 credits
• O-Level: Minimum 5 credits (C)
• UEC: Pass UEC with minimum 3 credits (B6)
• Other qualifications deemed equivalent to STPM/A-Level by Malaysian Qualifications Agency: Minimum overall average of 50%
• Other qualifications deemed equivalent to SPM/O-Level by Malaysian Qualifications Agency: Minimum overall average of 60%

English Language Requirements

For Local Students

• MUET: Band 4
• SPM English Language: Grade B+
• SPM English Language 1119/O-Level/IGCSE: Grade C
• UEC English Language: Grade A2
• IELTS: Band 5.5
• TOEFL iBT: 46

• Applicants who have an academic qualification from a higher learning institution which uses English Language as a medium of instruction can be granted an exemption from the University English requirements and MQA requirement.

For International Students

• Cambridge English Qualifications and Tests
  • (i) B1 Preliminary, B2 First, C1 Advanced, C2 Proficiency: 160
  • (ii) Linguaskill Online: 160
  • (iii) Occupational English Test (OET): 200
• IELTS: Band 5.5
• Cambridge English Qualifications and Tests: 160
• TOEFL IBT: 46
• TOEFL Essentials (Online): 8
• Pearson Test of English: 51
• MUET: Band 4

Year 1

• Calculus and Analytical Geometry
• Statistics and its Applications
• Microeconomics
• Business Accounting
• Risk Management and Insurance
• Probability Theory
• Macroeconomics
• Introduction to Programming
• Financial Market and Institutions
• Managerial Accounting
• Cooperative Placement

Year 2

• Mathematics I
• Mathematics of Interest Rates
• Mathematical Statistics
• Introduction to Stochastic Processes
• Financial Management 1
• Mathematics II
• Applied Statistical Models
• Elective 2
• Investment Analysis
• Cooperative Placement

Year 3

• Independent Project I
• Mathematics of Financial Derivatives
• Elective 3
• Loss Models
• Financial Statement and Analysis
• Independent Project II
• Elective 1
• Elective 4
• Credibility Theory
• Stochastic Calculus for Insurance and Finance
• Treasury Management
• Bahasa Kebangsaan A (optional)
• Cooperative Placement

Electives

Elective 1 (choose one)

• Introduction to Islamic Banking and Finance
• Corporate Finance
• Financial Management 2
• Investment Portfolio Management

Elective 2 (choose one)

• Islamic Financial Markets and Institutions
• Multinational Finance
• Equity Analysis
• Life Contingencies 1

Elective 3 and 4 (four choose two)

• Actuarial Practice
• Statistical Simulation for Financial Modelling
• Life Contingencies 2
• Survival Models

General Courses (MPU) are compulsory for all students.

For Malaysian students:

1. Appreciation of Ethics and Civilisations
   (Penghayatan Etika dan Peradaban)
2. Philosophy and Contemporary Issues
   (Falsafah dan Isu Semasa)

For foreign students:

1. Philosophy and Contemporary Issues
2. Communication in Bahasa Melayu 3
   (Bahasa Melayu Komunikasi 3)

All students:

1. U2 - University Life
2. U2 - Integriti dan Anti Rasuah (Integrity and Anti-Corruption)
3. U4 - Extracurricular Learning Experience 1
4. U4 - Extracurricular Learning Experience 2
5. U4 - Extracurricular Learning Experience 3