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Bachelor of Science (Hons) in Actuarial Studies

  • Bachelor

This programme prepares students for a career as an actuary, equipping them with mathematical and statistical techniques and preparing them for professional exams leading to recognised actuary status.

Key details

Degree Type
Bachelor
Duration
3 - 3 years full-time
Course Code
R2/462/6/0013)(07/27)(MQA/FA1631
Study Mode
In person
Intake Months
Feb, Apr, Sep
Domestic Fees
$35,800 per year
International Fees
$8,456 per year

About this course

Overview

This programme draws together a variety of subjects that involve applying mathematical and statistical techniques in the financial services industry. Designed to pave the way for students who want to enter a career as an actuary, they will be prepared for professional exams that will lead to a recognised actuary status or a specialist in the financial risk and insurance industries.

The Society of Actuaries (SOA) USA, Institute and Faculty of Actuaries (IFoA) UK, Casualty Actuarial Society (CAS) USA, The Institute of Actuaries of Australia (IAA), and Canadian Institute of Actuaries (CIA) conduct actuarial professional exams leading to professional designations such as Fellow of the Society of Actuaries (FSA), Fellow of the Institute of Actuaries (FIA), Chartered Enterprise Risk Analyst (CERA), Fellow of the Casualty Actuarial Society (FCAS), Fellow of the Institute of Actuaries of Australia (FIAA) and Fellow of the Canadian Institute of Actuaries (FCIA).

Entry requirements

Entry Requirements

STPM
Average C+ or CGPA 2.33 (minimum 2 Principals)

A-Level
Minimum 12 points (Minimum of Grade D from 2 subjects)

Australian Matriculation
ATAR 60

Canadian Matriculation
60%

Monash University Foundation Year
60%

Sunway Foundation in Arts
CGPA 2.0

Sunway Foundation in Science Technology
CGPA 2.0

Unified Examination Certificate
Maximum 26 points from 5 subjects (all Grade Bs)

International Baccalaureate
Completed with minimum 25 points (excluding bonus points)

Sunway Diploma Studies
CAVG 50% or CGPA 2.0 * Students may obtain advanced standing if credit transfer requirements are met.

Other Qualifications
Any other equivalent qualifications
Applicant with no standard qualification will be considered on a case-to-case basis

APEL.A
An APEL.A Certificate (APEL T-6) (Recognition of Prior Learning) (Click on this link for further information on APEL.A)

Specific Requirements

Credit in Mathematics at SPM or equivalent

English Language Requirements

  • IELTS or equivalent 6.0
  • MUET Band 4
  • SPM English B+
  • UEC English B4
  • O-Level English (1119) Credit
  • Sunway Intensive English Programme (IEP) Pass Level 4 with minimum 65%
  • ESL/English Satisfactory level in Pre-University programmes, where the medium of instruction is English

What you will learn

Overview

This programme draws together a variety of subjects that involve applying mathematical and statistical techniques in the financial services industry. Designed to pave the way for students who want to enter a career as an actuary, they will be prepared for professional exams that will lead to a recognised actuary status or a specialist in the financial risk and insurance industries.

The Society of Actuaries (SOA) USA, Institute and Faculty of Actuaries (IFoA) UK, Casualty Actuarial Society (CAS) USA, The Institute of Actuaries of Australia (IAA), and Canadian Institute of Actuaries (CIA) conduct actuarial professional exams leading to professional designations such as Fellow of the Society of Actuaries (FSA), Fellow of the Institute of Actuaries (FIA), Chartered Enterprise Risk Analyst (CERA), Fellow of the Casualty Actuarial Society (FCAS), Fellow of the Institute of Actuaries of Australia (FIAA) and Fellow of the Canadian Institute of Actuaries (FCIA).

Career pathways

  • Actuarial reserving analyst
  • Catastrophe risk analyst
  • Chief actuary in life/health/property and casualty insurance
  • Chief executive officer
  • Chief financial officer
  • Financial risk manager

Course structure

Programme StructureYear 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 subjectsFor 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

Credit for prior study or work

Sunway Diploma Studies CAVG 50% or CGPA 2.0 _* Students may obtain advanced standing if credit transfer requirements are met.