Bachelors of Science (Hons) Actuarial Science

Duration:3 years

Intakes:April, July & Sept/Oct

Campus:Quest International University, Ipoh, Perak

Level of Study:Degree

Faculty:Science and Techonology

Course Code:JPT/BPP(MQA/PA6639)04/21

About this course

Bachelor of Science (Hons) Actuarial Sciences is a professional degree that trains actuaries who are equipped with the capabilities to model and analyse finance-related risks, especially in the banking and insurance industries. Private sectors such as financial planning institutions, corporations, investment companies and brokerage firms have a high demand for skilful actuaries in risk management and financial consulting services.

QIU’s Actuarial Science programme is designed according to the topics and subjects required by the professional examinations of the Society of Actuaries (SOA), the Malaysia Financial Planning Council (MFPC) and the Certified in Quantitative Risk Management (CQRM) certification. Students in this programme are granted module exemptions from the professional examination bodies during their academic years. The university will provide guidance and support for the students to enrol in those professional examinations.

Besides the common actuarial science subjects which are required by the programme, QIU’s Actuarial Science programme includes 4 significant specialisations – Financial Planning, Data Science, Banking and Islamic Finance. We have also incorporated popular software systems such as SPSS, R, Python, C++, SAS and Real-Time Stock Price Tracking System in our curriculum design. This is to ensure that the graduates of this programme are not only able to analyse business or finance problems using mathematical models, but are also able to provide specific financial solutions.

Total Course Fees


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Subject Listing

General Studies Unit (GSU) Courses



● Hubungan Etnik

● Communication Skills

● Media and Community

● Community Service


● Bahasa Melayu Kebangsaan 2

● Malaysian Studies 3

● Bahasa Kebangsaan A

● Media and Community

● Community Service

University Courses

● English for Academic Purposes

● Devices, Networks, and Applications

● Disciplined Entrepreneurship

● Design Thinking

● Co-curricular Activities

● 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

● 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

● Industrial Training

● Project I

● Project II

● Actuarial Modelling II

● Stochastic Methods for Actuarial Science

● Life Contingencies II


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 RequirementsApplicants must have one of the following Entry requirements:

Sijil Tinggi Agama Malaysia (STAM)

Pass Sijil Tinggi Agama Malaysia (STAM) with a minimum Jayyid Rank in 2 subjects and with a credit in Mathematics at the Sijil Pelajaran Malaysia (SPM) level; OR

Sijil Tinggi Persekolahan Malaysia (STPM)

General Certificate of Education Advanced (”A”) Level Pass A-Level/New South Wales Higher School Certificate (NSW HSC) with passes in 2 subjects; OR


Pass Diploma in a related field of study with a minimum CGPA of 2.5. Candidates with CGPA below 2.5 but above 2.0 may be admitted subject to rigorous internal assessment process; OR Pass Diploma in any other field with a minimum CGPA of 2.5 and with a credit in Mathematics at Sijil Pelajaran Malaysia SPM (or equivalent) level; OR Matriculation / Foundation Pass QIU foundation in Business/Science Programmes with CGPA ≥ 2.0; OR Pass South Australian Matriculation Programme (SAM)/ Australian Matriculation Programme (AUSMAT)/ University of New South Wales (UNSW) Foundation/ Monash University Foundation Year (MUFY)/ Canadian International Matriculation Programme (CIMP)/ Canadian Pre-University (CPU); OR Pass Matriculation/ Foundation/ Asasi from any IPTA/ IPTS/ Institution that is allowed to offer pre-university programme with a minimum CGPA of 2.00; OR

Unified Examination Certificate (UEC)

Pass Unified Examination Certificate (UEC) with a minimum of Grade B in 5 subjects including Mathematics; OR

Other Qualifications

Pass International Baccalaureate with average grade point ≥ 2.0 based on three advanced level subjects. A minimum total point is 20, excluding bonus points; OR Other qualifications will be assessed based on Senate’s recommendation and referred to MQA for approval on a case by case basis.

International Students OnlyApplicants must have one of the following Entry requirements:

  • English Proficiency for International Student: TOEFL PBT 410 / IBT 34, IELTS – 5.0

    Other Qualifications

    Other equivalent qualifications recognised by theMalaysian Government

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