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Bachelor Of Science (Honours) Actuarial Science And Finance

Intakes
January, May and September
Course Duration
4 Years
Course Location
Bangladesh
Course Mode
Full-time


Overview

This programme is the first degree in Malaysia to combine both fields of study. It is designed to hone competencies in financial investment management, asset valuation and risk management for various financial assets as well as provide the essential working knowledge required in the financial industry. Students will also have the flexibility to focus on either the Society of Actuaries (SoA) or other finance-related professional qualifications.

About the Programme

Assessments

The assessment includes a combination of examinations, projects and assignments, and finally a requirement to complete a Financial Research Project in the final year. Students will acquire up-to-date vocational skills that are relevant and competitive. This reflects the complex and challenging nature of the accounting, finance and business realms.

Why Choose this Programme?

  • First University in Malaysia offering this programme (Combining Actuarial Science and Finance)
  • Students have the option to choose the major (Pure Actuarial Science or Actuarial Science and Finance after year 1 as Year 1 course for both programmes are identical)
  • The student can choose either the Actuary Professional Qualification or Finance Professional Qualification (i.e. SOA / CFA)
  • More career options for the student when they enter into the job market
  • Higher demand by employers as the students are equipped with Actuary Skills and Financial Knowledge.

Entry Requirements

Academic Requirements

​HSC/ Alim

GPA of 2.5/5.0 including Mathematics

​A-Level

Minimum 2 principals (D) including Mathematics

​General Educational Development (GED) Test

Minimum score of 145/200 for every subject

Other qualifications deemed equivalent to HSC/ Alim

Minimum overall average of 60% inclusive of Mathematics

Diploma (business-related)

Minimum CGPA of 2.0 including Mathematics

English Language Requirements

You are required to fulfil the International English Language requirements for the programme. Alternative options to fulfil these requirements include Basic English (BE) and/or English Foundation (EF) courses provided by the university.

Waiver of BE and EF shall be considered should the following conditions be fulfilled:

  • Completion of A Levels, International Baccalaureate, GED, HSC (English curriculum); or
  • Completion of Dakhil/SSC and Alim/HSC with A- (GPA of 3.5) and above in English; or
  • Any academic equivalent which uses the English Language as a medium of instruction (reviewed case by case).
Cambridge English Qualifications and Tests
(i. B1 Preliminary, B2 First, C1 Advanced C2 Proficiency )
160
Cambridge English Qualifications and Tests
(ii. Linguiskill Online)
160
Cambridge English Qualifications and Tests
(iii. Occupational English Test (OET)(Conventional/Online)
200
TOEFL IBT
46
Pearson Test of English
51
IELTS
5.5
MUET
Band 4
TOEFL Essentials (Online)
8
UCSI University English
Completion of basic English (BE) and English Foundation
(EF)

Courses Offered

  • Calculus and Analytical Geometry
  • Statistics and its Application
  • Business Accounting
  • Risk Management and Insurance
  • Financial Management 1
  • Microeconomics
  • Co-Operative Placement 1
  • Mathematics 1
  • Probability Theory
  • Financial Market and Institutions
  • Managerial Accounting
  • Macroeconomics
  • Mathematics 2
  • Mathematical Statistics
  • Introduction to Stochastic Process
  • Applied Statistical Models
  • Mathematics of Interest Rate
  • Financial Statement and Analysis
  • Co-Operative Placement 2
  • Mathematics of Financial Derivatives
  • Visual Basic. Net
  • Investment Analysis
  • Loss Models
  • Independent Project 1
  • Stochastic Calculus for Insurance and Finance
  • Treasury Management
  • Elective 1
    • Life Contingencies I
    • Introduction to Islamic Banking and Finance
    • Corporate Finance
    • Financial Management 2
  • Elective 2
    • Life Contingencies 2
    • Multinational Finance
    • Islamic Financial Market and Institution
    • Equity Analysis
  • Co-Operative Placement 3
  • Independent Project 2
  • Credibility Theory
  • Statistical Simulation for Financial Modelling
  • Elective 3 & 4
    • Actuarial Practices
    • Investment Portfolio Management
    • Statistical Simulation for Financial Modelling
    • Techniques for Ratemaking and Estimating Claim Liabilities
General Courses (MPU) are compulsory for all students.
U1
  1. Philosophy and Contemporary Issues
  2. Communication in Bahasa Melayu 3
    (Bahasa Melayu Komunikasi 3)

Career Opportunities

This programme prepares students for exciting careers in the corporate sector, insurance sectors, risk management, financial industry, government agencies, and for graduate studies in finance and investment. Examples of career options include:

  • Actuary
  • Risk manager
  • Investment Analyst
  • Credit Manager
  • Financial Analyst
  • Treasurer
  • Fund Manager
  • Credit Analyst
  • Financial Planner
  • Investment Broker
  • Investment Banker
  • Financial Trader

Professional Recognition

Society of Actuaries (SOA), USA
Society of Actuaries (SOA), USA
  • Obtain all three VEE (Validation by Educational Experience) credits before graduation – the equivalent of core subjects needed to attain a membership.
  • VEE credits may go towards other actuarial qualifications such as from the Casualty Actuarial Society and Canadian Institute of Actuaries.
  • UCSI is one of a few Malaysian private universities recognised as one of SoA’s UCAP (Universities and COLLEGES WITH Actuarial Programmes) schools.
  • UCSI provides the most comprehensive SoA exam coverage in Malaysia.
 
Institute and Faculty of Actuaries (IFoA), UKd
Institute and Faculty of Actuaries (IFoA), UKd
  • The Institute and Faculty of Actuaries (IFoA), UK has granted an Accreditation by Subject Agreement covering their CM1, CB1 and CB2 modules to UCSI University’s BSc. (Hons) Actuarial Science and BSc. (Hons) Actuarial Science and Finance programmes.
  • Students who have passed the necessary courses with the required marks/grade that are set by IFoA , are eligible to receive these exemptions. These exemptions are effective from the Jan-Apr 2019 semester onwards.
  • UCSI University is the first private institution in Malaysia recognised by IFoA, UK.
Remark: The CT1 exemption obtained previously no longer exists due to the revamping of the examination system of IFoA that took effect from July 2018.

Tuition Fees

Approximate Total Fees:

BDT 1,139,000

Educational Partners

Putra Business School (PBS)

All information is correct at the time of upload and UCSI University reserves the right to make amendments without prior notice.

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