Bachelor of Actuarial Studies (Honours)

Taylor's University

Subang Jaya, Selangor, Malaysia

Quick Facts

Duration

3 years

Mode

Full-time, On-campus

Intake

Feb, Apr, Sep

Tuition Fees

RM107,808

Course Highlights

  • Accredited by IFoA, SOA, CMT and CAS, and elgible to apply for IFTA membership and AFT/CFT qualification
  • Exposes you to FinTech and the possibility to get a Bloomberg Certificate (BMC) upon the completion of Investment Management or Portfolio Management electives
  • Internship opportunities with renowned companies to gain industry exposure
  • Grow with the support of Taylor’sphere, a well-balanced ecosystem and community that nurtures your intellect, craft and practical wisdom

Course Structure

  • Programming
  • Microeconomics*
  • Calculus
  • Probability Theory*
  • Mathematics of Finance*
  • Advanced Calculus
  • Mathematical Statistics*
  • Introduction to Accounting

Note: Students are required to take these modules in order to obtain VEE credits from the Society of Actuaries (SOA), US

  • Life Contingencies I*
  • Applied Statistical Methods*
  • Introduction to Finance
  • Life Contingencies II*
  • Corporate Finance*
  • Fundamentals of Linear Algebra 
  • Macroeconomics*
  • Internship

Note: Students are required to take these modules in order to obtain VEE credits from the Society of Actuaries (SOA), US

  • Simulation and Credibility Theory
  • Survival Models*
  • Derivatives
  • Stochastic Calculus for Financial Economics*
  • Stochastic Processes*
  • Risk Theory*
  • Project
  • Insurance Practices and Takaful

Note: Students are required to take these modules in order to obtain VEE credits from the Society of Actuaries (SOA), US

MPU

  • Penghayatan Etika dan Peradaban / Bahasa Melayu Komunikasi 2
  • Falsafah dan Isu Semasa
  • Emotional Intelligence in Action 
  • Kursus Integriti dan Antirasuah
  • Social Innovation Project

Note: Students are requested to take Bahasa Kebangsaan A if they do not obtain a Credit for Bahasa Malaysia in SPM

 Free Electives: You will need to select any five (5) of the Free Electives offered by Taylor's University. We listed out some of the recommended free electives below

  • Advanced Corporate Finance
  • Blockchain Economics
  • Enterprise Risk Management
  • Financial Reporting*
  • Fintech and Innovation
  • International Finance
  • Leadership and Change Management
  • Life Insurance and Pension Funds
  • Marketing Management (IBMP)
  • Organisational Management (IBMP)
  • Portfolio Management*
  • Ratemaking and Loss Reserving for General Insurance*

Notes 

  • Students are required to take these modules in order to obtain exemptions from IFoA
  • The free electives offered are subject to availability and you will need to meet the minimum module pre and co-requisite

Entry Requirements

  • Taylor's Foundation: Pass any Taylor's Foundation programme with min. CGPA 2.00
  • Taylor's Diploma: Pass any Taylor's Diploma programme with min. CGPA 2.00
  • Sijil Tinggi Persekolahan Malaysia (STPM): Minimum CC 
  • Unified Examination Certificate (UEC): Pass with min. 5Bs including Mathematics and minimum pass in English. Candidates without a Grade B in UEC Mathematics and a pass in UEC English may be admitted if the candidate has a credit in Mathematics and a pass in English at SPM or equivalent
  • A Level: Minimum DD
  • AUSMAT (SACEi): Minimum ATAR 60
  • Canadian Pre-University (CPU): Minimum average of 60% in 6 subjects
  • International Baccalaureate (IB): Minimum of 24 points for 6 subjects
  • Monash University Foundation Year (MUFY): Overall 50%

Other Qualifications

  • Pass Business Foundation from any other HEI
  • HSC (Yr 12), New South Wales with min. average 60% in 5 subjects
  • Pass MOHE Matriculation with a CGPA of 2.00
  • Pass Foundation (in other fields) from other institutions recognised by MoHE
  • Pass DIB or Diploma in other fields from other institutions recognised by MoHE
  • Application via APEL A is allowed
  • Other equivalent qualifications recognised by the Malaysian Government

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 (Except for UEC)
  • 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

Local Students

  • MUET/ IELTS/ TOEFL/ UEC: Pass English
  • Taylor's EET: Overall Score 5.0
  • Taylor's IEN: Level 2 - Grade C
  • Pre-U / Diploma: Completed Pre-U / Diploma that was conducted in English
  • Cambridge English / ELS: the minimum score varies by programme

International Students

  • IELTS: Band 5.5
  • TOEFL iBT: 46
  • PTE: 51 
  • Linguaskill: 160
  • MUET: Band 3
  • CEFR: Low B2
  • Pre-U / Diploma: Completed Pre-U / Diploma that was conducted in English
  • Cambridge English / ELS: The minimum score varies by programme

Estimated Fees

Application fees (non-refundable)

RM650

Tuition fees

RM107,808

Total payable amount

RM108,458

Other savings

Up to RM8,000

  • Bursary

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