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PROGRAMMES

BACHELOR OF SCIENCE (HONOURS) ACTUARIAL SCIENCES

JPT/BPP(MQA/PA6639)04/21

Bachelor of Science (Hons) Actuarial Sciences is a professional degree that trains actuaries who are equipped with the capabilities to model and analyse finance-related risks, especially in the banking and insurance industries. Private sectors such as financial planning institutions, corporations, investment companies and brokerage firms have a high demand for skilful actuaries in risk management and financial consulting services.

QIU’s Actuarial Science programme is designed according to the topics and subjects required by the professional examinations of the Society of Actuaries (SOA), the Malaysia Financial Planning Council (MFPC) and the Certified in Quantitative Risk Management (CQRM) certification. Students in this programme are granted module exemptions from the professional examination bodies during their academic years. The university will provide guidance and support for the students to enrol in those professional examinations.

Besides the common actuarial science subjects which are required by the programme, QIU’s Actuarial Science programme includes 4 significant specialisations – Financial Planning, Data Science, Banking and Islamic Finance. We have also incorporated popular software systems such as SPSS, R, Python, C++, SAS and Real-Time Stock Price Tracking System in our curriculum design. This is to ensure that the graduates of this programme are not only able to analyse business or finance problems using mathematical models, but are also able to provide specific financial solutions.

PROGRAMME EDUCATIONAL OBJECTIVES (PEO)

PEO1

Graduates with in-depth knowledge, critical thinking and analytical skills in risk management and actuarial science.

PEO2

Graduates with the spirit of lifelong learning, professionalism and entrepreneurship in global economic and financial environment.

PEO3

Graduates who work independently in analysing, communicating and recommending solutions to financial industry development.

PROGRAMME LEARNING OUTCOMES (PLOs)

PLO1

Demonstrate knowledge in fundamentals and applications of actuarial sciences.

PLO2

Use scientific and analytical techniques to design and perform to analyse and interpret results.

PLO3

Demonstrate leadership, interpersonal and social skills

PLO4

Apply ethical values and professionalism in actuarial profession fields

PLO5

Communicate and collaborate effectively with peers, actuarial professionals, stakeholders and the community at large

PLO6

Identify and analyses critically actuarial sciences  problems to provide solutions based on evidence

PLO7

Apply skills and principles of lifelong learning in academic and career development

PLO8

Demonstrate entrepreneurship and managerial skills in managing projects and continuous professional development

 

Industrial Advisor: 

Ms Chung Kar Yin

Executive Director, Malaysian Financial Planning Council (MFPC)

MFPC is an independent body set up with the noble objective of promoting nationwide development and enhancement of the financial planning profession. MFPC provides an evolving set of Best Practice Standards and Code of Ethics that must be adhered to by Registered Financial Planner (RFP) and Shariah RFP designees. This requirement is aimed at ensuring that the public will be served with the highest quality of financial planning services. 

Mr Mohammad Ridzuan Abdul Aziz

President, Fintech Association of Malaysia

Country Director for Malaysia, Head of ASEAN Business Development, WorldRemit Malaysia.

Member, International Advisory Panel of Labuan Financial Service Authority

Member, Malaysia Innovation Policy Council

 

External Advisor & Academic Advisor: 

Associate Prof. Dr Saiful Hafizah Binti Jaaman

Former Head of Actuarial Science, UKM

Faculty of Science, Universiti Kebangsaan Malaysia

Matapelajaran Pengajian Umum (MPU)

Local

  • Hubungan Etnik
  • TITAS
  • Communication Skills / Bahasa Kebangsaan A
  • Media and Community
  • Community Service

International

  • Bahasa Melayu Komunikasi 2
  • Malaysian Studies
  • Communication Skills
  • Media and Community
  • Community Service
University Courses
  • English for Academic Purposes 
  • Design Thinking
  • Device, Network and Application
  • Disciplined Entrepreneurship
  • Co-Curricular Activities
Compulsory Courses

Year 1:

  • Calculus and Linear Algebra
  • Principles of Programming
  • Financial Mathematics
  • Statistics and Probability
  • Microeconomics
  • Macroeconomics
  • Discrete Mathematics with Applications
  • Risk Management and Insurance Planning
  • Foundation in Financial Planning
  • Introduction to Financial Accounting
  • Corporate Finance
  • Financial Accounting and Reporting

Year 2:

  • Theory of Probability
  • Actuarial Mathematics
  • Risk Modelling
  • Regression Analysis
  • Operations Research
  • Risk Analysis
  • Survival Models
  • Life Contingencies I
  • Portfolio Management and Applications
  • Actuarial Modelling I
  • Advanced Calculus and Differential Equations
  • Investment Planning and Analysis

Year 3:

  • Industrial Training
  • Project I
  • Actuarial Modelling II
  • Stochastic Methods for Actuarial Science
  • Life Contingencies II
  • Project II
Specialisation Courses

Financial Planning:

  • Tax Planning and Analysis
  • Retirement Planning
  • Islamic Financial Planning

Banking:

  • Money and Banking Management
  • Credit Analysis and Lending
  • Banking Operations and Treasury Management

Data Science:

  • Database System
  • Data Mining and Warehousing
  • Business Intelligent

Islamic Banking and Finance:

  • Islamic Investment
  • Islamic Financial Planning
  • Retirement Planning
Sijil Tinggi Pelajaran Malaysia (STPM) / Sijil Tinggi Agama Malaysia (STAM)

Pass STPM with two full passes in 2 subjects and with a credit in Mathematics at SPM level

Pass STAM with a minimum Jayyid Rank in 2 subjects and with a credit in Mathematics at the SPM level

General Certificate of Education Advanced (”A”) LevelPass A-Level/New South Wales Higher School Certificate (NSW HSC) with passes in 2 subjects; OR
Diploma

Pass Diploma in related field of study with a minimum CGPA of 2.5. Candidates with CGPA below 2.5 but above 2.0 may be admitted subject to rigorous internal assessment process

Pass Diploma in any other field with a minimum CGPA of 2.5 and with a credit in Mathematics at Sijil Pelajaran Malaysia SPM (or
equivalent) level

Matriculation / Foundation
Pass QIU foundation in Business/Science Programmes with
CGPA ≥ 2.0; OR

Pass South Australian Matriculation Programme (SAM)/
Australian Matriculation Programme (AUSMAT)/ University of
New South Wales (UNSW) Foundation/ Monash University
Foundation Year (MUFY)/ Canadian International Matriculation
Programme (CIMP)/ Canadian Pre-University (CPU); OR

Pass Matriculation/ Foundation/ Asasi from any IPTA/ IPTS/
Institution that is allowed to offer pre-university programme
with a minimum CGPA of 2.00; OR
 
Unified Examination Certificate (UEC) Pass Unified Examination Certificate (UEC) with a minimum of Grade B in 5 subjects including Mathematics
Other Qualifications

Pass International Baccalaureate with average grade point ≥ 2.0 based on three advanced level subjects. A minimum total point is 20, excluding bonus points

Other qualifications will be assessed based on Senate’s recommendation and referred to MQA for approval on a case by case
basis.

Programme Search

Intakes

3 intakes in a year

Mode of Study

Full-time/Part time

Duration

Full-time: 3 years.

Part-time: 5 years.

Assessment

Students’ abilities are gauged both through continuous assessments and a final examination. The continuous assessment components may comprise of tests/quizzes, laboratory works, practical examinations, mid semester examinations, reports, presentations and/or projects/assignments/case studies which account for a total allocation of 50% marks. The final examination accounts for 50% marks.

Intakes

3 intakes in a year

Mode of Study

Full-time and Part Time

Duration

Full-time: 3 years.

Part-time: 5 years.

Assessment

Students’ ability is gauged both through continuous assessments and a final examination. The continuous assessment component comprises tests/quizzes, mid-semester examination and projects / assignments.

Courses Search

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