Overview of Bachelor of Science (Honours) Actuarial Sciences in Quest International University Perak Malaysia
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.
PROGRAMME EDUCATIONAL OBJECTIVES (PEO)
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PEO1
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Graduates with in-depth knowledge, critical thinking and analytical skills in risk management and actuarial science.
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PEO2
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Graduates with the spirit of lifelong learning, professionalism and entrepreneurship in global economic and financial environment.
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PEO3
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Graduates who work independently in analysing, communicating and recommending solutions to financial industry development.
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PROGRAMME LEARNING OUTCOMES (PLOs)
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PLO1
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Demonstrate knowledge in fundamentals and applications of actuarial sciences.
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PLO2
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Use scientific and analytical techniques to design and perform to analyse and interpret results.
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PLO3
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Demonstrate leadership, interpersonal and social skills
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PLO4
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Apply ethical values and professionalism in actuarial profession fields
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PLO5
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Communicate and collaborate effectively with peers, actuarial professionals, stakeholders and the community at large
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PLO6
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Identify and analyses critically actuarial sciences problems to provide solutions based on evidence
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PLO7
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Apply skills and principles of lifelong learning in academic and career development
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PLO8
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Demonstrate entrepreneurship and managerial skills in managing projects and continuous professional development
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Industrial Advisor:
Ms Chung Kar Yin
Executive Director, Malaysian Financial Planning Council (MFPC)
MFPC is an independent body set up with the noble objective of promoting nationwide development and enhancement of the financial planning profession. MFPC provides an evolving set of Best Practice Standards and Code of Ethics that must be adhered to by Registered Financial Planner (RFP) and Shariah RFP designees. This requirement is aimed at ensuring that the public will be served with the highest quality of financial planning services.
Mr Mohammad Ridzuan Abdul Aziz
President, Fintech Association of Malaysia
Country Director for Malaysia, Head of ASEAN Business Development, WorldRemit Malaysia.
Member, International Advisory Panel of Labuan Financial Service Authority
Member, Malaysia Innovation Policy Council
External Advisor & Academic Advisor:
Associate Prof. Dr Saiful Hafizah Binti Jaaman
Former Head of Actuarial Science, UKM
Faculty of Science, Universiti Kebangsaan Malaysia
