Course Details
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Bachelor of Science (Honours) Actuarial Sciences

Offered by: Quest International University (QIU)
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Exam BodyInternal Degree, Malaysia
Course DurationFull-time:3 years. Part-time: 5 years
Part Time/Full TimeFull Time/Part Time
FeesRefer to University
Fees (International Student)Refer to the University
FacultyFaculty of Computing And Engineering
Conducted entirely in MalaysiaYes
Awarding CountryMalaysia
Level of StudyBachelor's Degree Level
Field of StudyComputing & IT
Course Description

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.

General Studies Subjects



  • Penghayatan Etika dan Peradaban
  • Philosophy and Current Issues
  • Communication Skills / Bahasa Kebangsaan A
  • Sustainable Development in Malaysia
  • Community Service


  • Bahasa Melayu Komunikasi 2
  • Philosophy and Current Issues
  • Communication Skills
  • Sustainable Development in Malaysia
  • 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
  • Risk Analysis
  • Operations Research
  • Survival Models
  • Life Contingencies I
  • Portfolio Management and Applications
  • Actuarial Modelling I
  • Advanced Calculus and Differential Equation
  • Investment Planning and Analysis

Year 3

  • Industrial Training
  • Project I
  • Project II
  • Actuarial Modelling II
  • Stochastic Methods for Actuarial Science
  • Life Contingencies II
Elective Courses



Financial Planning

  • Retirement Planning
  • Islamic Financial Planning
  • Tax Planning and Analysis

Data Science

  • Database System
  • Data Mining and Warehousing
  • Business Intelligent


  • Money and Banking Management
  • Credit Analysis and Lending
  • Banking Operations and Treasury Management

Islamic Finance

  • Retirement Planning
  • Islamic Financial Planning
  • Islamic Investment
Entry Requirements
Sijil Tinggi Persekolahan Malaysia (STPM)Pass STPM* with Grade C in two (2) subjects and a credit in Mathematics at SPM or its equivalent
Sijil Tinggi Agama Malaysia (STAM)Pass STAM* with minimum Jayyid in two (2) subjects and a credit in Mathematics at SPM or its equivalent
Unified Examination Certificate (UEC)Pass Unified Examination Certificate (UEC) with a minimum Grade B in five (5) subjects including Mathematics
General Certificate of Education Advanced (A-Level)Pass A Levels* in two(2)subjects and a credit in Mathematics at O Levels or its equivalent
Matriculation/ FoundationPass Matriculation/ Foundation* with a minimum CGPA of 2.00 and a credit in Mathematics at SPM or its equivalent
QIU Foundation in Business/ Sciences programmesPass QIU Foundation in Business/ Science programmes with minimum CGPA of 2.00

Pass Diploma in related field with a minimum CGPA of 2.50
Candidates with CGPA lower than 2.50 but above 2.00 can be accepted subject to rigorous internal assessmentOR


Pass Diploma* in any other field with a minimum CGPA of 2.50 and a credit in Mathematics at SPM or its equivalent

Diploma Kemahiran Malaysia (DKM)/ Diploma Vokasional Malaysia (DVM)/ Diploma Lanjutan Kemahiran Malaysia (DLKM)

Pass with a minimum CGPA of 2.50



Pass with a minimum CGPA of 2.00 and with a minimum of 2 years working experience in the related field

International Students

5.0 in IELTS



Band 3 in MUET


its equivalent

Other QualificationsOther Equivalent qualification recognised by the Government of Malaysia


*The credit requirement in Mathematics at SPM level or equivalent can be waived should any other higher qualifications contain Mathematics with an equivalent/ higher achievement.

Intake Months

April, July, September/October

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

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