Bachelor of Science (Honours) Actuarial Sciences

Overview

The Bachelor of Science (Hons) Actuarial Sciences programme trains actuaries whohave the ability to model and analyse finance-related risks, especially in the banking and insurance industries.There is a high demand for quality actuaries in financial planning institutions,corporations, investment companies and brokerage firms – particularly in risk management and financial consulting services.QIU’s Actuarial Science programme is recognised by international professional examination bodies such as the Society of Actuaries (SOA), the Casualty Actuarial Society (CAS), the Canadian Institute of Actuaries (CIA), the Certified in Quantitative Risk Management (CQRM) by the International Institute of Professional Education and Research (IIPER) and the Registered Financial Planner (RFP) by the Malaysia Financial Planning Council (MFPC). Our curriculum is designed to prepare students for these tests.The programme includes four significant specialisations – Financial Planning, Data Science, Banking and Islamic Finance. Popular software systems such as SPSS, R, Python, C++, SAS and Real Time Stock Price Tracking System are incorporated into the programme’s curriculum design. This ensures that graduates are able to analyse business and finance problems with mathematical models and provide specific financial solutions.

Entry Requirements

Sijil Tinggi Persekolahan Malaysia (STPM)Pass STPM* with Grade C in two (2) subjects and a credit in Mathematics at SPM or its equivalentSijil Tinggi Agama Malaysia (STAM)Pass STAM* with minimum Jayyid in two (2) subjects and a credit in Mathematics at SPM or its equivalentUnified Examination Certificate (UEC)Pass Unified Examination Certificate (UEC) with a minimum Grade B in five (5) subjects including MathematicsGeneral Certificate of Education Advanced (A-Level)Pass A Levels* in two(2)subjects and a credit in Mathematics at O Levels or its equivalentMatriculation/ FoundationPass Matriculation/ Foundation* with a minimum CGPA of 2.00 and a credit in Mathematics at SPM or its equivalentQIU Foundation in Business/ Sciences programmesPass QIU Foundation in Business/ Science programmes with minimum CGPA of 2.00DiplomaPass Diploma in related field with a minimum CGPA of 2.50 Candidates with CGPA lower than 2.50 but above 2.00 can be accepted subject to rigorous internal assessmentOR Pass Diploma* in any other field with a minimum CGPA of 2.50 and a credit in Mathematics at SPM or its equivalentDiploma Kemahiran Malaysia (DKM)/ Diploma Vokasional Malaysia (DVM)/ Diploma Lanjutan Kemahiran Malaysia (DLKM)Pass with a minimum CGPA of 2.50 ORPass with a minimum CGPA of 2.00 and with a minimum of 2 years working experience in the related fieldInternational Students5.0 in IELTS ORBand 3 in MUETORits equivalentOther QualificationsOther Equivalent qualification recognised by the Government of MalaysiaNote:*The credit requirement in Mathematics at SPM level or equivalent can be waived should any other higher qualifications contain Mathematics with an equivalent/ higher achievement.