BSc (Hons) Actuarial Science

Actuaries play a critical role in managing risk and maintaining financial stability, requiring sharp analytical skills and strong mathematical abilities. Beyond technical proficiency, the Faculty’s Actuarial Science programme distinguishes itself by providing students with a competitive advantage through rigorous preparation for professional certification exams, including those offered by the Society of Actuaries (SoA).

The programme emphasizes both theoretical knowledge and practical application, equipping students with the skills needed to excel in the actuarial field. Notably, many students successfully pass four out of the five preliminary SoA examinations while completing their undergraduate studies at UCSI, giving them a significant head start in their professional careers.

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
• Business Accounting
• Microeconomics
• Risk Management and Insurance
• Probability Theory
• Macroeconomics
• Introduction to Programming
• Elective 1
• Business Communications
• Cooperative Placement

Year 2

• Mathematical I
• Mathematical Statistics
• Mathematics of Interest Rate
• Introduction to Stochastic Processes
• Mathematics II
• Applied Statistical Models
• Life Contingencies 1
• Financial Management 1
• Managerial Accounting
• Cooperative Placement

Year 3

• Independent Project I
• Mathematics of Financial Derivatives
• Life Contingencies 2
• Loss Models
• Elective 3
• Independent Project II
• Elective 4
• Credibility Theory
• Stochastic Calculus for Insurance and Finance
• Elective 2
• Bahasa Kebangsaan A (Optional)
• Cooperative Placement

Electives

Electives 1 and 2 (choose two)

• Fundamental of Marketing
• Business Information System
• Introduction to Internet Technologies
• Fundamentals of Management
• Accounting Information System
• Corporate Finance
• Financial Statement and Analysis
• Investment Portfolio Management

Electives 3 and 4 (choose two)

• Actuarial Practice
• Survival Models
• Statistical Simulation for Financial Modelling

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