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Programme Profile

The programme has the following objectives:

Career Opportunities

Bachelor of Science (Hons) (Actuarial Science) graduates may be absorbed in the government or private sectors, such as the insurance industry, actuarial consulting firms, stock exchange firms and banks. They are responsible for the statistical investigations on mortality, interest rates, determination of premium rates and surrender values, the valuation of assets and liabilities.

Highlight

Qualified students may be eligible for exemptions from Institute & Faculty of
Actuaries, United Kingdom (IFoA, UK) for;

Admission Requirements

1. STPM or its equivalent with a minimum CGPA of 2.50 and grade C+ (GPA2.33) in Mathematics S/Mathematics T/Further Mathematics T and one (1) other subject excluding General Paper.
AND
Passed SPM/its equivalent with credits in Physics/ Chemistry/ Biology/ Additional Science/ Science and pass in English.
OR
2. Asasi UiTM/PASUM/Matriculation KPM with minimum CGPA of 2.50 in and at least grade C+ (GPA 2.33) in two (2) subjects including Mathematics/ Engineering Mathematics and grade C (GPA 2.0) in one (1) other subject.
AND
Passed SPM/its equivalent with credits in Physics/ Chemistry/ Biology/Additional Science/Science and a pass in English.
OR
3. A diploma from Faculty of Computer and Mathematical Sciences, UiTM, with a minimum CGPA of 2.50.
OR
4. A diploma in Science from Faculty of Applied Sciences, UiTM, with a minimum CGPA of 2.00 and one (1) year of working experience in relevant fields.
OR
5. A relevant diploma from UiTM with a minimum CGPA of 2.50.
AND
Passed SPM or its equivalent qualification which is recognized by the Government of Malaysia, with at least credit in Additional Mathematics.
OR
6. A relevant diploma from UiTM with a minimum CGPA of 2.00 and one (1) year of working experience in related fields.
AND
Passed SPM or its equivalent qualification which is recognized by the Government of Malaysia, with at least credit in Additional Mathematics.
OR
7. A relevant diploma from other institutions which is recognized by the Government of Malaysia, with a minimum CGPA of 3.00.
AND
Passed SPM/its equivalent with 5 credits including Mathematics/ Additional Mathematics and Physics/ Chemistry/ Additional Science/ Science and a pass in English.
OR
8. A related diploma from other institutions which is recognized by the Government of Malaysia, with a minimum CGPA of 2.75 and one (1) year of working experience in related fields.
AND
Passed SPM/its equivalent with 5 credits including Mathematics/ Additional Mathematics and Physics/ Chemistry/ Additional Science/ Science and a pass in English.

Note: All applicants must pass MUET with minimum score of Band 2.

Plan of Study

Semester 1 Year 1
Fundamentals of Computer Problem Solving, Islam and Asian Civilization, Language Enrichment, Co-Curriculum , Calculus II, Principle of Risk Management And Insurance, Mathematical Statistics I, Linear Algebra

Semester 2 Year 1
Mathematical Statistics, Fundamentals of Regression Analysis, Reading and Critical Thinking, Calculus III, Co-Curriculum II, Financial Management and Accounting, Financial Mathematics

Semester 3 Year 2
Co-Curriculum III, Economics, Marketing, Ethnic Relations, Third Language I, Advanced Financial Mathematics, Reading for Research, Actuarial Mathematics

Semester 4 Year 2
Report Writing, Actuarial Mathematics II, Stochastic Modelling for Actuarial Application, Third Language II, Risk Modelling, Actuarial Programming

Semester 5 Year 3
Fundamentals of Data Mining, Third Language III, Communication and Interpersonal Skills, Pension Mathematics, Financial Economics I, Survival Models

Semester 6 Year 3
Project Paper, Actuarial Practice, Financial Economics II, Actuarial Management, Technology Entrepreneurship

Semester 7 Year 4
Industrial Training/Independent Study I and II