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Course Details

BSc (Hons) in Actuarial Studies

Sunway University

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Description

Course DETAILS

  • Description

    This programme draws together a variety of subjects that involve applying mathematical and statistical techniques in the financial services industry. It is designed to pave the way for students wishing to embark on a career as an actuary. Students will be prepared for professional exams leading to the qualification of an actuary from a globally recognised professional actuarial body.

    Our programme is accredited by the Institute and Faculty of Actuaries (IFoA), UK. Students in our programme are eligible for exemptions from the IFoA professional exams for papers CS1, CS2, CM1, CM2, CB1 and CB2.

    Our programme is also recognised by the Society of Actuaries (SOA), US. As the SOA requires students to undertake courses to fulfil their Validation by Educational Experience (VEE) requirements, our school offers subjects that will directly allow students to achieve their full VEE exemptions. We also prepare our students to sit for SOA professional exams throughout their undergraduate programme.

    Additionally, students considering a professional insurance qualification have an exclusive opportunity for an accelerated pathway upon enrolment. Students in our programme are recognised for admission into the Associateship of the Malaysian Insurance Institute (AMII) with the eligibility for exemptions from 11 out of 14 AMII modules.

    Our programme is also fully accredited by the Finance Accreditation Agency (FAA) of Malaysia, an international and independent quality assurance and accreditation body for the financial services industry.

    Field of Study

    Mathematics & Statistics

    Duration (Years)

    3

    Course Fees

    RM 78,300 (USD 18,643)

    MQA No.

    FA 1631

    Degree Type

    Internal Degree

  • Intake (Month)

    January, March & August

Entry Requirements

  • A-Level

    Minimum 12 points

  • UEC

    Maximum 26 points from 5 subjects (all Grade Bs)

  • Matriculation /Foundation

    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

  • SPM/STPM

    Average C+ or CGPA 2.33 (minimum 2 Principals)

  • Others

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

    Any other equivalent qualifications

    Applicant with no standard qualification will be considered on a case-to-case basis

  • Direct Entry to Year 2 of Degree
    Diploma

    Sunway Diploma Studies CAVG 50% or CGPA 2.0

    * Students may obtain advanced standing if credit transfer requirements are met.

  • English Requirements

    IELTS 6.0

    PTE Academic 50 overall (minimum 46 in each skill)

    MUET Band 4

    SPM English B3 or B+

    UEC English B4

    O-Level English (1119) Credit

    Sunway Intensive English Programme (IEP) Pass Level 4

    ESL/English Satisfactory level in Pre-University programmes, where the medium of instruction is English

Programme Structure

  • Year 1

    Principles of Financial Accounting

    Introductory Economics

    Programming Principles

    Calculus

    Linear Algebra & Applications

    English for Business

    Principles of Business Finance

    Introduction to Probability

    Advanced Calculus

    Theory of Interest

  • Year 2

    Derivative Securities I

    Life Contingencies I

    Introduction to Statistics

    Financial Management

    Communication Skills

    Derivative Securities II

    Life Contingencies II

    Mathematical Methods

    Risk Theory

  • Year 3

    Simulation & Credibility Theory

    Survival Models

    Ratemaking & Loss Reserving for General Insurance

    Life Insurance & Takaful

    Community Project

    Regression Analysis

    Internship


    Electives (choose any 3 in Year 3)

    Time Series & Forecasting

    Multivariate Analysis

    Risk-Based Capital Modelling for Non-life Insurers

    Research Project

    Stochastic Processes

    Discrete Mathematics

    Financial Risk Management

    Advanced Actuarial Statistics

    Advanced Actuarial Mathematics and Finance

  • Additional MOHE compulsory General Studies Subjects:

    for Local Student

    Islamic and Asian Civilisations

    Ethnic Relations

    Community Service

    Bahasa Kebangsaan A (applicable to students who did not sit for SPM or did not obtain a Credit in SPM Bahasa Melayu)


    for International Student

    Malay Language for Communication 2

    Malay Studies 3

    Community Service

Additional Information

  • Fees
    RM 78,300 (USD 18,643)

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