Bachelor of Actuarial Science (Open Channel / SATU)

Universiti Malaya (UM)

Kuala Lumpur, Malaysia

Quick Facts

Duration

4 years

Mode

Full-time, On-campus

Intake

Oct

Tuition Fees

RM70,100

Entry Requirements

  • STPM (Science Stream):
    • Malaysian citizen
    • Obtain a minimum CGPA of 3.50
    • Obtained at least a Grade B- in ONE (1) of the following subjects at STPM level: Mathematics / Additional Mathematics
    • Obtain at least a Grade B- in any ONE (1) of the following subjects at STPM level: Biology / Physics / Chemistry
  • Matriculation / Foundation (Science Stream):
    • Malaysian citizen
    • Obtain a minimum CGPA of 3.50
    • Obtain at least a Grade B- in the following subjects at Matriculation/Foundation level: Mathematics
    • Obtain at least a Grade B- in any ONE (1) of the following subjects at Matriculation/Foundation level: Biology / Physics / Chemistry
  • Diploma / Equivalent (Science Stream):
    • Malaysian citizen
    • Possess a Diploma from a Public University (IPTA) / ILKA / Polytechnic /IPTS or other qualifications recognized by the Government of Malaysia and approved by the Senate of the University Malaya, with a minimum CGPA of 3.50
    • Obtain a minimum of grade B- in Mathematics / Equivalent Subjects 
    • Obtain a minimum of grade B- in any ONE (1) other subject that has not yet been taken
  • UM SATU Foundation:
    • Malaysian citizen
    • Obtain a minimum CGPA of 3.50
    • Obtain at least a Grade B- in the following subjects at UM SATU Foundation level: Mathematics
    • Obtain at least a Grade B- in any ONE (1) of the following subjects at UM SATU Foundation level: Biology / Physics / Chemistry
  • GCE A-Level:
    • Malaysian citizen
    • Obtain a recognized GCE A-Level qualification
    • Obtain at least a Grade B in the following subjects at GCE A-level: Mathematics / Further Mathematics
    • Obtain at least a Grade B in any ONE (1) of the following subjects at GCE A-level: Biology / Physics / Chemistry
  • International Baccalaureate (IB):
    • Malaysian citizen
    • Obtain a minimum score of 34 points
    • Obtain at least Grade 6 (HL) in subject Mathematics / Further Mathematics
    • Obtain at least Grade 5 (HL) / 6 (SL) in any ONE (1) of the following subjects: Biology / Physics / Chemistry
  • AUSMAT:
    • Malaysian citizen
    • Obtain a minimum score of 85 in the Australian Tertiary Admissions Rank (ATAR).
    • Obtained at least a Grade B in the following subjects at AUSMAT level: Mathematics
    • Obtain at least a Grade B in any ONE (1) of the following subjects at AUSMAT level: Biology / Physics / Chemistry
  • STPM (not from the current year):
    • Malaysian citizen
    • Obtain a minimum CGPA of 3.50
    • Obtain at least a Grade B in ONE (1) of the following subjects at STPM level: Mathematics  / Additional Mathematics 
    • Obtain at least a Grade B- in any ONE (1) of the following subjects at STPM level: Biology / Physics / Chemistry
  • Matriculation/Foundation (not from the current year):
    • Malaysian citizen
    • Obtain a minimum CGPA of 3.50
    • Obtain at least a Grade B- in the following subjects at Matriculation/ Foundation level: Mathematics
    • Obtain at least a Grade B- in any ONE (1) of the following subjects at Matriculation / Foundation level: Biology / Physics / Chemistry
  • Obtain a minimum of Band 3.0 in MUET for examinations starting from Session 1 of the year 2021, or Band 3.0 for examinations up to the year 2020, according to the validity period on the date of application
  • Applicants without MUET but with the following results may be considered for conditional admission, provided they fulfil MUET requirement within ONE (1) academic session:
    • Obtain at least Band 4.5 (Academic) in IELTS; or
    • Obtain a minimum score of 33 in TOEFL iBT (Centre-based)

Course Structure

  • English Courses (subject to MUET bands)
  • Philosophy and Current Issues / Malay Language Communication*
  • Basic Entrepreneurs Culture
  • Basic Mathematics
  • Calculus I
  • Statistics
  • Elective Courses: Student Holistic Empowerment (SHE): SHE Cluster 2 - Emotional & Spiritual Intelligence: Heart & Soul
    • Integrity and Anti-Corruption
  • English Courses (subject to MUET bands)
  • Appreciation of Ethics and Civilizations
  • Co-Curriculum
  • Introduction to Accounting
  • Calculus II
  • Probability and Statistics I
  • Science, Technology and Society

Note:

  • *Only for international students
  • Structured Programming
  • Microeconomics
  • Financial Mathematics and Derivative
  • Probability and Statistics II
  • Foundations of Data Science
  • Elective Courses: Student Holistic Empowerment (SHE): SHE Cluster 1 - Thinking Matters: Mind & Intellect
  • Advanced Calculus
  • Linear Algebra
  • Appreciation of Mathematics
  • Microeconomics
  • Elective Courses: Elective Course 1
  • Elective Courses: Elective Course 2
  • Actuarial Mathematics I
  • Portfolio Theory and Asset Models
  • Life Insurance and Takaful
  • Elective Courses: Elective Course 3
  • Elective Courses: Elective Course 4
  • Actuarial Mathematics II
  • Mathematics of Financial Derivatives
  • Risk Theory
  • Elective Courses: Student Holistic Empowerment (SHE): SHE Cluster 3 - Technology / Artificial Intelligence and Data Analytics: i-Technie
  • Elective Courses: Student Holistic Empowerment (SHE): SHE Cluster 4 - Global Issue and Community Sustainability: Making the World a Better Place
  • Elective Courses: Elective Course 5
  • Elective Courses: Student Holistic Empowerment (SHE): SHE Cluster 3 - Technology / Artificial Intelligence and Data Analytics: i-Technie
  • Industrial Training
  • Elective Courses: Elective Course 6
  • Elective Courses: Elective Course 7
  • Elective Courses: Elective Course 8
  • Elective Courses: Elective Course 9
  • Elective Courses: Elective Course 10
  • Elective Courses: Student Holistic Empowerment (SHE): SHE Cluster 4 - Global Issue and Community Sustainability: Making the World a Better Place
  • Industrial Training in Biotechnology

Special Semester

  • Industrial Training in Biotechnology
  • Thinking Matters: Mind and Intellect
  • Emotional, Physical and Spiritual Intelligence: Heart, Body and Soul
  • Technology/Artificial Intelligence and Data Analytics: I-techie
  • Global Issues and Community Sustainability: Making the World a Better Place

Elective Courses

  • Fundamentals of Computing
  • Fundamentals of Spreadsheets
  • Ordinary Differential Equations
  • Numerical Computation
  • Basic Operations Research
  • Mathematical Science Project
  • Foundation of Islamic Finance
  • Pension Mathematics
  • Survival Models
  • Business Finance
  • Financial and Business
  • Financial and Business Management
  • Stochastic Models
  • Further Mathematical Statistics
  • Regression Analysis
  • Stochastic Processes
  • Computer Intensive Methods in Statistics
  • Applied Stochastic Processes
  • Time Series and Forecasting Methods
  • Introduction to Multivariate Analysis
  • Generalized Linear Models

Estimated Fees

Application fees (non-refundable)

RM300

Tuition fees

RM70,100

Other miscellaneous fees

RM500

Total payable amount

RM70,900

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