Bachelor of Science (Honours) Actuarial Sciences JPT/BPP(MQA/PA6639)04/21


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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. Besides that, 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.

QIUP’s Actuarial Science programme is designed according to the topics and subjects required by the professional examinations of the Society of Actuaries (SOA), Casualty Actuarial Society (CAS), Canadian Institute of Actuaries (CIA) and Malaysia Financial Planning Council (MFPC). Students in this
programme are encouraged to take the examinations 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, QIUP’s Actuarial Science programme has included 4 significant specialisations, (Financial Planning, Data Science, Banking and Islamic Finance) and we have 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 they are also able to provide specific financial solutions.


Matapelajaran Pengajian Umum (MPU)



  • Hubungan Etnik
  • Communication Skills / Bahasa Kebangsaan A
  • Malaysian Economy
  • Community Service


  • Bahasa Melayu Komunikasi 2
  • Malaysian Studies
  • Communication Skills
  • Malaysian Economy
  • Community Service
University Courses
  • Understanding Human Behavior/ English Proficiency
  • English for Academics Purposes I
  • English for Academics Purposes II
  • Co-Curriculum Activities
Compulsory Courses Year 1:

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

Year 2:

  • Theory of Probability
  • Actuarial Mathematics
  • Risk Modelling
  • Regression Analysis
  • Macroeconomics
  • Risk Analysis
  • Survival Models
  • Life Contingencies I
  • Portfolio Management and Applications
  • Actuarial Modelling I
  • Advanced Calculus and Differential Equations
  • Corporate Finance

Year 3:

  • Operations Research
  • Actuarial Practices
  • Industrial Training
  • Project I
  • Actuarial Modelling II
  • Stochastic Methods for Actuarial Science
  • Life Contingencies II
  • Project II
Specialisation Courses Financial Banking:

  • Investment Planning and Analysis
  • Retirement Planning
  • Islamic Financial Planning


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

Data Science:

  • Database System
  • Data Mining and Warehousing
  • Big Data Analysis and Management

Islamic Banking and Finance:

  • Islamic Financial Investment
  • Islamic Estate and Waqf 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”) Level Full passes with at least in two (2) subjects
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 with a minimum 2.0
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

3 intakes in a year


Full-time – 3 years
Part-time – 5 years


Mode of Study: Full-time / Part-time

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.