Taylor's University

Overview of Bachelor of Science (HONS) Actuarial Studies in Taylor's University Malaysia

Offered by the Taylor's Business School, the Actuarial Studies degree programme is the extensive study of mathematics, probability, statistics, finance and economics. This degree programme provides learning opportunities beyond the classroom.

PROGRAMME STRUCTURE

The degree programme transforms students into skilled analytical problem solvers who are trained to calculate and manage financial risk for businesses. Beyond providing a comprehensive programme, we further enrich the educational experience through various learning opportunities to help students get the most out of their studies.

PRIMARY MAJOR

This component consists of Common Core subjects, which are common modules across a discipline that provides the fundamental knowledge of the discipline.

Common Core

• Introduction to Accounting*
• Calculus
• Mathematical Statistics*
• Microeconomics*
• Insurance Practices and Takaful
• Advanced Calculus
• Probability Theory
• Mathematics of Finance
• Macroeconomics*

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

• Risk Theory
• Stochastic Process
• Survival Models
• Simulation and Credibility Theory
• Stochastic Calculus for Financial Economics
• Project
• Short Industrial Training
• Long Industrial Training (for 4-year programme only)

UNIVERSITY CORE

The Ministry of Education (MOE) requires all students to take Mata Pelajaran Umum (MPU) (i.e. General Studies) which is categorised under U1, U2, U3 and U4 within the duration of their studies. U1 modules are prescribed by MOE whereas U2, U3 and U4 modules are from a list of University Core Modules (UCM) prescribed as per the Programme Guide. 

• MPU (U1a)
• MPU (U1b)

• MPU (U2) and Bahasa Kebangsaan A

• MPU (U3)

• MPU (U4)

COMPLEMENTARY STUDIES

The Complementary Studies component provides student the flexibility to study modules in a related or unrelated field from the same or different school to complement the Primary Major. It may be completed in a form of free electives, an extension, minors or a second major that typically requires at least one (1) semester of student learning time.

Electives

• Advanced Corporate Finance
• Business Ethics and Governance (IBMP)
• Enterprise Risk Management
• 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

REQUIREMENTS

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

ENTRY REQUIREMENTS

• Taylor’s Business Foundation (TBF)

Pass with min. CGPA 2.00

• Taylor’s Foundation in Arts (FIA)

Pass with min. CGPA 2.00

• Taylor's Diploma in Business (DIB)

Pass with min. CGPA 2.00

• Sijil Tinggi Persekolahan Malaysia (STPM)

Min. CC with CGPA 2.00

• Unified Examination Certificate (UEC)

Pass with min. 5Bs

• A Levels

Min. EE or equivalent of min. 80 points

• South Australian Matriculation (SAM) / SACE International

Min. ATAR 60

• Canadian Pre-University (CPU)

Min. average of 60% in 6 subjects

• International Baccalaureate (IB)

Min. 24 from 6 subjects

• Monash University Foundation Year (MUFY)

Min. 255 / 400

ENGLISH REQUIREMENTS

• IELTS

Band 5.0

• TOEFL

34 (Internet Based Test)

• MUET

Band 3

• UEC English

English B6

• O-Level

Grade C

• 1119 (GCE-O)

Grade C

• Taylor's EET

Overall Score 5.0

• Taylor's IEN

Level 2 - Grade C

CAREER PROSPCETS

When you’ve successfully completed this programme, you could embark on any of these exciting careers, including:

• Actuarial Analyst
• Accountants
• Auditors
• Budget Analyst
• Economist

• Mathematician
• Statistician
• Personal Financial Advisor
• Forensic Accountant
• Chartered Accountant

Overseas transfer options of Bachelor of Science (HONS) Actuarial Studies in Taylor's University Malaysia

OVERSEAS TRANSFER OPTIONS

We offer the option of completing your Bachelor of Science (Hons) Actuarial Studies with one of our established partner university the United Kingdom.

• UNITED KINGDOM (UK)

UNIVERSITY OF ESSEX

• BSc Actuarial Science
  1+ 2 years