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Bachelor of Science ( Hons ) Actuarial Sciences

Quest International University
Ipoh, Perak
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The Bachelor of Science (Hons) Actuarial Sciences programme trains actuaries whohave the ability to model and analyse finance-related risks, especially in the banking and insurance industries.
 
There is a high demand for quality actuaries in financial planning institutions,corporations, investment companies and brokerage firms – particularly in risk management and financial consulting services.
 
QIU’s Actuarial Science programme is recognised by international professional examination bodies such as the Society of Actuaries (SOA), the Casualty Actuarial Society (CAS), the Canadian Institute of Actuaries (CIA), the Certified in Quantitative Risk Management (CQRM) by the International Institute of Professional Education and Research (IIPER) and the Registered Financial Planner (RFP) by the Malaysia Financial Planning Council (MFPC). Our curriculum is designed to prepare students for these tests.
 
The programme includes four significant specialisations – Financial Planning, Data Science, Banking and Islamic Finance. Popular software systems such as SPSS, R, Python, C++, SAS and Real Time Stock Price Tracking System are incorporated into the programme’s curriculum design. This ensures that graduates are able to analyse business and finance problems with mathematical models and provide specific financial solutions.
 

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Course Summary

Intake

Apr, Jul, Sept / Oct

Course Fees (estimated)

RM 47,500

Course Duration

3 years

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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

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

Sijil Tinggi Persekolahan Malaysia (STPM)
Pass with two full passes in 2 subjects and with a credit in Mathematics at Sijil Pelajaran Malaysia (SPM) level

Sijil Tinggi Agama Malaysia (STAM)
Pass with a minimum Jayyid Rank in 2 subjects and with a credit in Mathematics at the Sijil Pelajaran Malaysia (SPM) level

Unified Examination Certificate (UEC)
Pass with at least grade B in five (5) subjects including Mathematics

Recognised Diploma in a related field
Pass Diploma in a 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; OR 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

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; OR Other qualifications will be assessed based on Senate’s recommendation and referred to MQA for approval on a case by case basis.
Application Fees ( Non-Refundable ) - RM 100
University Registration Fees ( Non-Refundable ) - RM 300
Security Deposit Fee ( Refundable ) - RM 300
Total Registration Fee: RM 700


Yearly Payments
Student Health Insurance Fee - RM 500
Student Welfare Fee - RM 200
Library Fee - RM 300
Assessment Fee - RM 300
ICT Charges - RM 300
Science Lab Fee (Only for Science Based Programmes): RM 300*
Total Yearly Payment: RM 1,600


Year 1 : RM 14,000
Year 2 : RM 14,000
Year 3 : RM 14,000
Total Tuition Fees : RM 42,000


Total Fees: RM 47,500
General Studies Subjects Local
  • Hubungan Etnik
  • TITAS
  • Communication Skills / Bahasa Kebangsaan A
  • Media and Community
  • Community Service

General Studies Subjects International
  • Bahasa Melayu Komunikasi 2
  • Malaysian Studies
  • Communication Skills
  • Media and Community
  • Community Service

University Courses 
  • English for Academic Purposes
  • Devices, Networks & Applications
  • Disciplined Entrepreneurship
  • Design Thinking
  • Co-curriculum

CORE 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:
  • Project I
  • Project II
  • Actuarial Modelling II
  • Stochastic Methods for Actuarial Science
  • Life Contingencies II

Elective 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
Disclaimer: Course Information details may change from time to time. Please check with respective institutions to get updated information.
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