Taylor’s University - KPT/JPS (R/462/6/0010) (MQA/FA7557) 12/27

Bachelor of Actuarial Studies (Hons)

  • Delivery: Face to Face
  • Study Level: Undergraduate
  • Duration: 3 years

Gain a comprehensive understanding of mathematical and statistical concepts to explore the diverse areas of actuarial science. You have the option of completing your degree through a partner university in the UK.

Course Overview

This programme provides you with advanced analytical problem-solving skills and specialised training in managing financial risks for businesses. You will gain knowledge in diverse areas of actuarial science, such as insurance, risk assessment, financial planning and investment analysis. The programme also offers learning opportunities that will enhance your educational journey.

Highlights of this programme:

  • Accreditations and paper exemptions - Accredited and qualifies for exemptions from various professional bodies such as:
    • Society of Actuaries (SOA)
    • Institute and Faculty of Actuaries (IFOA)
    • Casualty Actuarial Society (CAS)
    • Chartered Market Technician (CMT)
  • Study overseas - Opportunity to transfer to partner universities in the UK.

Career paths

Graduates of this programme will have a broad scope of roles available to them, including:

  • Actuarial Analyst
  • Accountants
  • Auditors
  • Budget Analyst
  • Economist
  • Mathematician
  • Statistician
  • Personal Financial Advisor
  • Forensic Accountant
  • Chartered Accountant

Key Facts

Delivery
Face to Face
Study Level
Undergraduate
Programme Type
Bachelor
Duration
More Information
Only available in 3 to 4 years full time study
3 years (Full time)
Modules
22
Intake
February, 2024
April, 2024
September, 2024
Total Price
RM105,458
More Information
Local student: up to RM115,970 International student: US$27,823 to US$30,736

Course Structure

This programme has 22 common core subjects, five electives, six university core subjects and an internship (industrial training).

  • Introduction to Accounting*
  • Calculus
  • Mathematical Statistics*
  • Microeconomics*
  • Insurance Practices and Takaful
  • Advanced Calculus
  • Probability Theory
  • Mathematics of Finance
  • Macroeconomics*
  • Fundamentals of Linear Algebra
  • Introduction to Finance*
  • Programming
  • Life Contingencies I
  • Life Contingencies II
  • Applied Statistical Methods
  • Corporate Finance*
  • Derivatives
  • Risk Theory
  • Stochastic Process
  • Survival Models
  • Simulation and Credibility Theory
  • Stochastic Calculus for Financial Economics
  • Project

Internship

  • Short Industrial Training
  • Long Industrial Training (for 4-year programme only)

*It is necessary for students to complete the specified subjects in order to earn VEE credits from the Society of Actuaries (SOA), US.

Entry Requirements

Academic Qualification

To meet the entry requirements for the course, you need to fulfil one of the requirements below:

  • Taylor's foundation or diploma - Pass with a minimum CGPA of 2.00.
  • A-Levels - Minimum grade of DD or an equivalent of a minimum of 120 points.
  • Canadian Pre-University (CPU) - Minimum average 60% in 6 subjects.
  • Sijil Tinggi Persekolahan Malaysia (STPM) - Minimum grade of CC.
  • Unified Examination Certificate (UEC) - Pass with a minimum of five Bs.
  • South Australian Matriculation (SAM) or SACE International - Minimum ATAR 60.
  • International Baccalaureate (IB) - Minimum 24 points in 6 subjects.
  • Monash University Foundation Year (MUFY) - Overall score of 50%.
  • Other equivalent qualifications that are recognised by the Malaysian Government.

English Requirements

  • MUET/IELTS/TOEFL/UEC - A pass in English.
  • Taylor's EET - Overall Score 5.0
  • Taylor's IEN - Level 2 - Grade C
  • Completed a pre-university course or diploma conducted in English.

Note: A credit in mathematics and a pass in English at SPM level or equivalent is required.