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Bachelor of Actuarial Finance (Hons)

Offered by: Manipal International University (MIU)
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Exam BodyInternal Degree, Malaysia
Course Duration3 Yrs
Part Time/Full TimeFull Time
FacultySchool of Management & Business
Conducted entirely in MalaysiaYes
Awarding CountryMalaysia
Level of StudyBachelor's Degree Level
Field of StudyMathematics & Statistics
Course Description

The Actuarial Finance program is considered one of the toughest disciplines for aspiring financial specialists and is, therefore, reserved for graduates especially interested in this field. Actuaries are very well compensated.

The Bachelor of Actuarial Finance (Hons) prepares students for the exams required to professionally accredit as an actuary. Students will be expected to excel in statistics, calculus, probability and advanced modelling and risk management in order to reach their aspirations of become an actuary.



Semester 1 Semester 2 Semester 3

English for Professional Comm

Calculus for Actuaries

Introduction to Actuarial Mathematics

Financial Accounting  

Business Mathematics


Business Statistics  

Business Finance Introduction to Psychology 2
Principles of Marketing Legal & Management Principles  
Principles of Management Principles of Information Systems  
  Programming Concepts & Design  



Semester 4 Semester 5 Semester 6

Financial Accounting II

Design and Analysis of Experiment

Life Contingencies I

Theory of Interest

Probability and Statistics II

Financial Economics I

Probability and Statistics I

Financial Statement Analysis Family Issues

Loss Models

Life Contingencies II  

Risk Management and Insurance

Elective I ( Choose 1) - Applied Nonparametric Statistics or Statistical Quality Control

Hubungan Etinik / Bahasa Melayu Kominikasi 3 TITAS / Pengajian Malaysia (English Version)  



Semester 7 Semester 8 Semester 9

Personal Fianancial Planning

Corporate Governance


Finance Economics II



Islamic Finance

Professional Development

Portfolio Management

Mathematics for Pension Funds

Survival Models Elective II (Choose 1) - Credibility Theory or Statistical Simulation for Insurance and Finance  
Entry Requirements
  • Pass Sijil Tinggi Persekolahan Malaysia (STPM) with minimum  of 2 Principal Passes in the relevant subject; or
  • Pass A-Levels with minimum 2 Passes in the relevant subjects; or
  • Pass South Australian Matriculation (SAM) with a Tertiary Entrance Rank (TER) 70 and Grade B in relevant subjects; or
  • Pass Canadian Pre-University (CPU) with an average of 70% in 6 relevant subjects; or
  • Pass Unified Examination Certificate (UEC) with Grade B in 5 subjects; or
  • Pass Foundation programmes from Manipal International University (MIU); or
  • Pass Foundation programmes in related fields from other institutions; or
  • Pass in International Baccalaureate (IB) with at least 24 points; or
  • Pass Matriculation Certificate in related fields, recognized by the Ministry of Education; or
  • Pass Diploma in related fields from any other institutions; or
  • Other equivalent qualifications recognized by the Malaysian Government; AND
  • A Pass in Mathematics in SPM, ‘O’ Level or equivalent AND
  • English Language requirement.
Intake Months

 February, April, June and September

Career Prospects

Graduates of this programme may go on to pursue their professional papers full-time or even part-time while working in fields such as:

  • Actuarial Consultants 
  • Data Modelers
  • Enterprise Risk Managers 
  • Investments Bankers 
  • Marketing Analysts 
  • Credit Risk Analysts 
  • Pension Managers 
  • Actuarial Analysts 
  • Actuarial Assistants 
  • Actuarial Controllers

All fees are in RM (Ringgit Malaysia) currency unless stated otherwise.

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