Bachelor of Science (Honours) Actuarial Science

Course Overview

Actuarial Science is the application of mathematics, statistics, and financial theory to solve financial problems. It is a study of the financial risks associated with uncertain future events, with a focus on assurance, property and casualty insurance, pension plans, and employee benefit programmes.

The UTAR Bachelor of Science (Honours) Actuarial Science is designed to meet the evolving needs and challenges of the insurance and investment-related industries by aligning its syllabi with the professional examination requirements. The Bachelor of Science (Honours) Actuarial Science offers relevant courses that have approved by international renown actuarial organisation in the USA for Validation by Education Experience (VEE) credit and exemption in the Core Principles subjects by Institute and Faculty of Actuaries in United Kingdom.  This programme also provides students with IT skills, which will help them find work.

Programme Strengths: Strong focus on the mathematical aspect of actuarial science with specialisation in Insurance and Risk Management, Data Analytics and Financial Reporting. 

Achievement

The UTAR Bachelor of Science (Honours) Actuarial Science is officially recognised by the following actuarial organisation.

• Society of Actuaries (SOA)
• Institute and Faculty of Actuaries (IFoA)

Entry Requirements

• UTAR Foundation Programme
• STPM: Grade C/C+ in 2 relevant subjects depending on the programs (except M.B.B.S. and Quantity Surveying)
• A-Level: Grade D in 2 or 3 relevant subjects
• UEC: Grade B in 5 relevant subjects
• SAM: ATAR 70 and Grade B in at least 2 relevant subjects
• CPU: An average of 70% in 6 relevant subjects (depending on programs)
• Matriculation Certificate, Ministry of Education
• Foundation/Diploma in the relevant fields
• Other recognized equivalent qualifications

Career Prospects

• • Actuary Analyst 
  • Pricing Analyst 
  • Tax Analyst 
  • Portfolio Manager 
  • Business Development Manager 

Study Abroad Pathway

No