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

RM113,844

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

Common Core

  • 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

Common Core

  • 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

Common Core

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

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

University Core: 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.

Flexible Education

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

Note: International students may join the IEN Preparatory Course and achieve the IELTS score.

Estimated Fees

Application fees (non-refundable)

RM650

Tuition fees

RM113,844

Total payable amount

RM114,494

Other savings

Up to RM8,000

  • Bursary

Scholarships

Taylor's University

Subang Jaya, Selangor

Taylor's University Excellence Award

Amount

Up to RM15,000 per year depending on programme

Study Level

Diploma, Advanced Diploma, Bachelor's Degree

Taylor's University

Subang Jaya, Selangor

Taylor's University Talent Scholarship

Amount

Up to 70% tuition fee waiver

Study Level

Diploma, Advanced Diploma, Bachelor's Degree

Taylor's University

Subang Jaya, Selangor

Taylor's University Sports Scholarship

Amount

Up to 70% tuition fee waiver

Study Level

Diploma, Advanced Diploma, Bachelor's Degree

Taylor's University

Subang Jaya, Selangor

Taylor's University Community Scholarship

Amount

Full scholarship

Study Level

Diploma, Advanced Diploma, Bachelor's Degree

Taylor's University

Subang Jaya, Selangor

Taylor's University UEC Prestige Award

Amount

Up to RM14,000 tuition fee waiver per year

Study Level

Bachelor's Degree

Taylor's University

Subang Jaya, Selangor

Taylor's University Merit Scholarship

Amount

Up to 70% tuition fee waiver

Study Level

Diploma, Advanced Diploma, Bachelor's Degree

Taylor's University

Subang Jaya, Selangor

Taylor's UEC Special Award

Amount

Up to RM15,000 per year

Study Level

Bachelor's Degree

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