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Bachelor of Science ( Hons ) Actuarial Studies

Taylor's University
Subang Jaya, Selangor
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Offered by the Taylor's Business School, the Actuarial Studies degree programme is the extensive study of mathematics, probability, statistics, finance and economics. This degree programme provides learning opportunities beyond the classroom.


WHY ACTUARIAL STUDIES AT TAYLOR'S

Accreditation and/or Exemptions
The programme has been accredited by Society of Actuaries (SOA), Institute and Faculty of Actuaries (IFOA) & Casualty Actuarial Society (CAS). This programme is also recognised by CMT Association.

Flexible Learning
Students also have the option to transfer to another Taylor's Business programme during their course. Credits gained during their enrolment in Actuarial Studies will be credited to their new programme. Students will be able to take electives from other business programmes as well.

Long Internship
Offered in the third year of the 4-year programme, students have the opportunity to broaden their knowledge and gain industry exposure that will help them excel in their final year of studies.

Internship with Renowned Companies
Students have the opportunity to apply classroom lessons and gain industry experience from top companies.

Additional Accreditation by Bloomberg
Taylor's is the 1st and only Actuaries Studies programme in Malaysia which exposes students to FinTech and the possibility to get Bloomberg Certificate (BMC) upon the completion of Investment Management or Portfolio Management electives.



OVERSEAS TRANSFER OPTIONS
We offer the option of completing your Bachelor of Science (Hons) Actuarial Studies with one of our established partner university the United Kingdom.

UNITED KINGDOM (UK)
UNIVERSITY OF ESSEX
  • BSc Actuarial Science
    1+ 2 years

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Course Summary

Intake

Jan, Mar, Aug, Oct

Course Fees (estimated)

RM 86,550

Course Duration

3-4 years

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PREREQUISITES
SPM / O-Level with Pre-U / Foundation
Pass SPM / O-Level or equivalent with 5 credits including Mathematics and a pass in English for entry with pre-university/ foundation qualification (Except for UEC)

SPM / O-Level with Diploma
Pass SPM / O-Level or equivalent with 3 credits including Mathematics and a pass in English for entry with Diploma qualification


ENTRY REQUIREMENTS
Taylor’s Business Foundation (TBF)
Pass with min. CGPA 2.00

Taylor’s Foundation in Arts (FIA)
Pass with min. CGPA 2.00

Taylor's Diploma in Business (DIB)
Pass with min. CGPA 2.00

Sijil Tinggi Persekolahan Malaysia (STPM)
Min. CC with CGPA 2.00

Unified Examination Certificate (UEC)
Pass with min. 5Bs

A Levels
Min. EE or equivalent of min. 80 points

South Australian Matriculation (SAM) / SACE International
Min. ATAR 60

Canadian Pre-University (CPU)
Min. average of 60% in 6 subjects

International Baccalaureate (IB)
Min. 24 from 6 subjects

Monash University Foundation Year (MUFY)
Min. 255 / 400


ENGLISH REQUIREMENTS
IELTS
Band 5.0

TOEFL
34 (Internet Based Test)

MUET
Band 3

UEC English
English B6

O-Level
Grade C

1119 (GCE-O)
Grade C

Taylor's EET
Overall Score 5.0

Taylor's IEN
Level 2 - Grade C


*All information is subject to change. The above entry requirements serve as a guideline. Readers are responsible to verify the information by contacting the university’s Admissions Department.
Bachelor of Science (Hons) Actuarial Studies (3 years)
Approximate Total Fees
(Local Students): RM 86,550
 (International Students): USD 25,880


Bachelor of Science (Hons) Actuarial Studies (4 years)
Approximate Total Fees
(Local Students): RM 93,690
(International Students): USD 28,240
The degree programme transforms students into skilled analytical problem solvers who are trained to calculate and manage financial risk for businesses. Beyond providing a comprehensive programme, we further enrich the educational experience through various learning opportunities to help students get the most out of their studies.


PRIMARY MAJOR
This component consists of Common Core subjects, which are common modules across a discipline that provides the fundamental knowledge of the discipline.
 
Common Core
  • Introduction to Accounting*
  • Calculus
  • Mathematical Statistics*
  • Microeconomics*
  • Insurance Practices and Takaful
  • Advanced Calculus
  • Probability Theory
  • Mathematics of Finance
  • Macroeconomics*
  • Fundamentals of Linear Algebra
  • Introduction to Finance*
  • Programming
  • Life Contingencies I
  • Life Contingencies II
  • Applied Statistical Methods
  • Corporate Finance*
  • Derivatives
  • Risk Theory
  • Stochastic Process
  • Survival Models
  • Simulation and Credibility Theory
  • Stochastic Calculus for Financial Economics
  • Project
  • Short Industrial Training
  • Long Industrial Training (for 4-year programme only)
 
*Students are required to take the modules in order to obtain VEE credits from the Society of Actuaries (SOA), US.


UNIVERSITY CORE
The Ministry of Education (MOE) requires all students to take Mata Pelajaran Umum (MPU) (i.e. General Studies) which is categorised under U1, U2, U3 and U4 within the duration of their studies. U1 modules are prescribed by MOE whereas U2, U3 and U4 modules are from a list of University Core Modules (UCM) prescribed as per the Programme Guide. 
 
  • MPU (U1a)
  • MPU (U1b)
  • MPU (U2) 
  • MPU (U3)
  • MPU (U4)
  • Bahasa Kebangsaan A – only for Malaysian students who had not obtained a credit in SPM Bahasa Melayu or do not possess the SPM qualification.


COMPLEMENTARY STUDIES
The Complementary Studies component provides student the flexibility to study modules in a related or unrelated field from the same or different school to complement the Primary Major. It may be completed in a form of free electives, an extension, minors or a second major that typically requires at least one (1) semester of student learning time.

Electives
  • Advanced Corporate Finance
  • Business Ethics and Governance (IBMP)
  • Enterprise Risk Management
  • Financial Reporting
  • International Finance
  • Leadership and Change Management
  • Life Insurance and Pension Funds
  • Marketing Management (IBMP)
  • Organisational Management (IBMP)
  • Portfolio Management
  • Ratemaking and Loss Reserving for General Insurance

*Students are required to take the modules in order to obtain VEE credits from the Society of Actuaries (SOA), US.

**All information is subject to change. Readers are responsible for verifying information that pertains to them by contacting the university.
Disclaimer: Course Information details may change from time to time. Please check with respective institutions to get updated information.
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