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Bachelor Of Science (Honours) Actuarial Science

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


Overview

Due to the importance of their roles in managing risk and ensuring financial stability, actuaries need agile mathematical minds and razor-sharp analytical skills. On top of strong technical skills, the Faculty's Actuarial Science programme stands out for giving its students the long-term edge in their careers by preparing them for the examinations of professional boards such as the Society of Actuaries (SoA). Many of our students have passed four out of the five preliminary SoA examinations during their undergraduate study with UCSI.

About the Programme

Assessments

The assessment includes a combination of examinations, projects and assignments, and finally a requirement to complete a dissertation in Independent 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.

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

  • Statistics and its Application
  • Business Accounting
  • Risk Management and Insurance
  • Mathematics 1
  • Probability Theory
  • Microeconomics
  • Macroeconomics
  • Co-Operative Placement 1

  • Financial Management 1
  • Mathematical Statistics
  • Introduction to Stochastic Process
  • Applied Statistical Models
  • Mathematics of Interest Rate
  • Life Contingencies 1
  • Mathematics of Financial Derivatives
  • Visual Basic. Net
  • Co-Operative Placement 2

  • Loss Models
  • Life Contingencies 2
  • Independent Project 1
  • Stochastic Calculus for Insurance and Finance
  • Independent Project 2
  • Statistical Methods for Insurance
  • Credibility Theory
  • Co-Operative Placement 3

Electives 1 & 2

  • Fundamental of Marketing
  • Fundamentals of Management
  • Introduction to Internet Technologies
  • Accounting Information System
  • Business Modelling with Spreadsheet
  • Business Information System
  • Business Law
  • Corporate Finance

Electives 3

  • Actuarial Practice
  • Investment Portfolio Management
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

Many corporations today have acknowledged the need for financial specialists with the skills to manage risk. Upon completion of this programme, graduates will be furnished with the proper understanding of management know-how and are prepared for the relevant professional examinations. Graduates can seek employment in key industry streams such as:

  • Actuarial Executive
  • Enterprise Risk Analyst
  • Bank Executive
  • Financial Analyst
  • Financial Planning Advisor
  • Entrepreneur

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 1,132,000

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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