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BACHELOR OF SCIENCE (HONS) ACTUARIAL STUDIES

KPT/JPS (N/462/6/0010) (MQA/PA7557) 12/20

Actuarial Studies is the extensive study of mathematics, probability, statistics, finance and economics. Offered by Taylor's Business School, the 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.

Accreditation and/or Exemptions

The programme has been accredited by Society of Actuaries (SOA).

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.

INTAKES: MARCH, AUGUST

3 or 4-year

programme

Professional

exemptions

Internship

opportunities

REQUIREMENTS

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

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

*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.

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

*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.

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.

Programme Structure

With Taylor’s new curriculum structure, you are empowered to mix & match modules depending on your strengths, interests and passions. This innovative learning is immersive, flexible and adaptable as it will future-proof you to be highly sought after in the ever-demanding global marketplace.

Click here to find out more about the Taylor's Curriculum Framework.

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

  • Actuarial Mathematics
  • Advanced Calculus
  • Business Ethics and Values
  • Calculus
  • Corporate Finance*
  • Enterprise Risk Management
  • Financial Economics
  • Fundamentals of Linear Algebra
  • Globalisation and Economic Sustainability
  • Insurance Practices and Takaful
  • Insurance Regulations and Corporate Law
  • Introduction to Accounting*
  • Introduction to Finance*
  • Life Contingencies I
  • Life Contingencies II
  • Life Insurance and Pension Funds
  • Macroeconomics*
  • Mathematical Statistics*
  • Mathematics of Finance
  • Microeconomics*
  • Programming
  • Project
  • Stochastic Processes
  • Short Industrial Training
  • Long Industrial Training (for 4-year programme only)

 

*Student are required to take the modules in order to obtain exemptions from the Society of Actuaries (SOA),US and Canada.

**All information is subject to change. Readers are responsible for verifying information that pertains to them by contacting the university.

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) or Bahasa Kebangsaan A
  • MPU (U3)
  • MPU (U4)

 

*All information is subject to change. Readers are responsible for verifying information that pertains to them by contacting the university.

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.

Click here to see a full list of all available Complementary Studies Components.

 

Electives

  • Advanced Corporate Finance
  • Derivatives Securities
  • Financial Markets
  • Financial Reporting*
  • Futures and Options
  • International Economics Theory and Policy
  • International Finance
  • Investment Management
  • Islamic Finance
  • Risk Theory

 

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

**All information is subject to change. Readers are responsible for verifying information that pertains to them by contacting the university.

Future Careers

When you’ve successfully completed this programme, you could embark on any of these exciting careers, including:

  • Actuarial Analyst
  • Accountants
  • Auditors
  • Budget Analyst
  • Economist
  • Mathematician
  • Statistician
  • Personal Financial Advisor
  • Forensic Accountant
  • Chartered Accountant

FEES & SCHOLARSHIPS

Bachelor of Science (Hons) Actuarial Studies (3 years)

Approximate Total Fees
(Local Students):

RM 81,900

Bachelor of Science (Hons) Actuarial Studies (4 years)

Approximate Total Fees
(Local Students):

RM 89,121

Bachelor of Science (Hons) Actuarial Studies (3 years)

Approximate Total Fees
(International Students):

USD 27,981

Bachelor of Science (Hons) Actuarial Studies (4 years)

Approximate Total Fees
(International Students):

USD 30,045

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* Fees will be reviewed annually. For the avoidance of doubt, Taylor’s reserves the right to revise the fee payable for any given semester.

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