Bachelor of Science (Hons) in Actuarial Studies
Shah Alam, Malaysia
BSc
DURATION
3 years
LANGUAGES
English
PACE
Full time
APPLICATION DEADLINE
EARLIEST START DATE
Feb 2026
TUITION FEES
USD 8,456 *
STUDY FORMAT
On-Campus
* for international students | RM 35,800 for Malaysian students
The Bachelor of Science (Hons) in Actuarial Studies is designed to prepare students for careers in the field of actuarial science, focusing on the evaluation and management of financial risk. The program combines mathematics, statistics, economics, and finance to give students a solid foundation in analyzing data and solving complex problems. Courses cover essential topics like probability, loss modeling, financial mathematics, and actuarial methods, helping students develop practical skills needed in insurance, investments, and other financial sectors.
Throughout the program, students will have opportunities for experiential learning, including industry placements and project work, allowing them to apply theoretical knowledge to real-world issues. The curriculum also emphasizes developing communication skills and ethical understanding, which are key for effective collaboration and decision-making in the actuarial profession. By the end of the course, students will be well-equipped with the technical expertise and industry insights to pursue professional actuarial certifications and build successful careers in finance and risk management.
Visit the school website for more information.
Year 1
- Advanced Calculus
- AI Foundation and Applications
- Calculus
- Fundamentals of Accounting
- Introduction to Probability
- Linear Algebra & Applications
- Principles of Business Finance
- Principles of Economics
- Programming Principles
- Theory of Interest
Year 2
- Derivative Securities I
- Derivative Securities II
- Essentials of Employability
- Introduction to Statistics
- Life Contingencies I
- Life Contingencies II
- Mathematical Methods
- Risk Theory
- Free Elective I
Year 3
- Free Elective 2
- Internship
- Ratemaking & Loss Reserving for General Insurance
- Regression Analysis
- Simulation & Credibility Theory
- Stochastic Processes
List of electives (Choose 3)
- Advanced Actuarial Statistics
- Advanced Actuarial Mathematics & Finance
- Survival Models
- Time Series & Forecasting
- Multivariate Analysis
- Machine Learning Techniques for Data Mining
- Design of Experiments
- Categorical Data Analysis
- Research Project
- Discrete Mathematics
- Underwriting Practice
Additional MOHE compulsory General Studies subjects
For Local students
- Appreciation of Ethics and Civilisation
- Bahasa Kebangsaan A (Applicable to students who did not sit for SPM or did not obtain a Credit in SPM Bahasa Melayu)
- Entrepreneurial Mindset & Skills
- Community Service for Planetary Health
- Integrity & Anti-Corruption
- Philosophy and Current Issues
For International students
- Appreciation of Ethics and Civilisation
- Community Service for Planetary Health
- Entrepreneurial Mindset & Skills
- Integrity & Anti-Corruption
- Malay Language for Communication 2
- Actuarial reserving analyst
- Catastrophe risk analyst
- Chief actuary in life/health/property and casualty insurance
- Chief executive officer
- Chief financial officer
- Financial risk manager