BACHELOR OF SCIENCE (HONOURS) ACTUARIAL SCIENCES
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)
Graduates with in-depth knowledge, critical thinking and analytical skills in risk management and actuarial science.
Graduates with the spirit of lifelong learning, professionalism and entrepreneurship in global economic and financial environment.
Graduates who work independently in analysing, communicating and recommending solutions to financial industry development.
PROGRAMME LEARNING OUTCOMES (PLOs)
Demonstrate knowledge in fundamentals and applications of actuarial sciences.
Use scientific and analytical techniques to design and perform to analyse and interpret results.
Demonstrate leadership, interpersonal and social skills
Apply ethical values and professionalism in actuarial profession fields
Communicate and collaborate effectively with peers, actuarial professionals, stakeholders and the community at large
Identify and analyses critically actuarial sciences problems to provide solutions based on evidence
Apply skills and principles of lifelong learning in academic and career development
Demonstrate entrepreneurship and managerial skills in managing projects and continuous professional development
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)
Islamic Banking and Finance:
|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”) Level||Pass A-Level/New South Wales Higher School Certificate (NSW HSC) with passes in 2 subjects; OR|
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
|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|
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