Bachelor of Actuarial Science

University of Malaya's Open Channel

Bachelor of Actuarial Science

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The program aims to produce graduates with (sound) knowledge of actuarial and financial mathematics, capable of critical thinking and problem solving; those who can adapt to diverse environment and contribute significantly in various professions.

Benefits

At the end of the program, graduates with B.Sc. in Actuarial Science are able to:

Explain the principles and concepts of actuarial science, finance, statistics and mathematics.
Apply actuarial science, finance, statistics and mathematics concepts to solve real-world problems.
Conduct professional activities with good social skills and demonstrate a sense of responsibility.
Practice characteristics associated with professionalism and ethical responsibility in analyzing real life phenomena.
Communicate using critical thinking with effective, accurate and relevant concepts, and exhibit team work and leadership skills.
Convert problems into mathematical and statistical models, and develop scientific strategies to obtain solutions;
Engage in life-long learning to advance knowledge and applications of actuarial science, finance, statistics and mathematics;
Apply managerial and entrepreneurial skills to manage resources needed to complete a task.

Career Opportunity

Course Structure

Intake Schedule

Programme Duration

Entry Requirements

A Malaysian candidate who wishes to pursue a programme of study at the University of Malaya must fulfill the University's entry requirements as follows:

Passed the Sijil Pelajaran Malaysia (SPM) with a credit (Grade C) in Bahasa Melayu/Bahasa Malaysia subject or a credit (Grade C) in Bahasa Melayu/Bahasa Malaysia July paper and pass in History; and
Achieve a minimum Band in the Malaysian University English Test (MUET) as required in special requirements of the programme. and
Fulfilled any of the programme Special Entry Requirements as listed below.

Special Entry Requirements

STPM (Current Year)	MATRICULATION/ FOUNDATION (Current year)
Science Stream Passed the STPM with at least a CGPA of 3.50; and Obtained at least Grade A- in STPM level in the following subjects: Mathematics (M) / Mathematics (T); and Obtained at least Grade B+ in STPM level for any one (1) of the following subjects: Biology Physics Chemistry and Obtained at least Band 2 in MUET	Science Stream Passed the Matriculation/Foundation with at least a CGPA of 3.50; and Obtained at least Grade A- in Matriculation/Foundation in the following subjects: Mathematics; and Obtained at least Grade B+ in Matriculation/Foundation program for any one (1) of the following subjects: Biology Physics/Engineering Physics Chemistry/Engineering Chemistry and Obtained at least Band 2 in MUET

STPM (Current Year)

MATRICULATION/ FOUNDATION
(Current year)

Science Stream

Passed the STPM with at least a CGPA of 3.50;

and

Obtained at least Grade A- in STPM level in the following subjects:
Mathematics (M) / Mathematics (T);

and

Obtained at least Grade B+ in STPM level for any one (1) of the following subjects:

Biology
Physics
Chemistry

and

Obtained at least Band 2 in MUET

Science Stream

Passed the Matriculation/Foundation with at least a CGPA of 3.50;

and

Obtained at least Grade A- in Matriculation/Foundation in the following subjects:

Mathematics;

and

Obtained at least Grade B+ in Matriculation/Foundation program for any one (1) of the following subjects:

Biology
Physics/Engineering Physics
Chemistry/Engineering Chemistry

and

Obtained at least Band 2 in MUET

DIPLOMA/EQUIVALENT	OTHER REQUIREMENTS
Science Stream REQUIREMENT 1 Possess a Diploma in related fields from Public University / other institutions recognized by the Government of Malaysia and approved by the University’s Senate with at least CGPA 3.50; and Obtained at least Band 2 in MUET OR REQUIREMENT 2 Passed the STPM not in current year with at least CGPA 3.50 and fulfils the program specific requirements as follows: Obtained at least Grade A- in STPM level in the following subjects: Mathematics (M) / Mathematics (T); and Obtained at least Grade B+ in STPM level for any one (1) of the following subjects: Biology Physics Chemistry and Obtained at least Band 2 in MUET OR REQUIREMENT 3 Passed the Matriculation/ Foundations not in current year with at least CGPA 3.50 and fulfils the program specific requirements as follows: Obtained at least Grade A- in Matriculation/Foundation in the following subjects: Mathematics; and Obtained at least Grade B+ in Matriculation/Foundation program for any one (1) of the following subjects: Biology Physics/Engineering Physics Chemistry/Engineering Chemistry and Obtained at least Band 2 in MUET	Science Stream REQUIREMENT 1 Passed the GCE A-Level with at least Grade A in the following subjects: Mathematics/Further Mathematics; and and obtained at least Grade B in one (1) of the following subjects: Biology Chemistry Physics Mathematics/Further Mathematics and Obtained at least Band 2 in MUET However, applicants who do not have MUET but have the following results may be considered for conditional offer by fulfiling the MUET requirements within the duration of one (1) academic session: Obtained at least Band 4 in IELTS (Academic); or Obtained score of at least 437 points (PBT)/123 points (CBT)/ 41 points (IBT) in TOEFL; NOTE: Candidates may apply using Advanced Subsidiary (AS) examination results. A-Level examination results should be submitted later once it has been obtained. OR REQUIREMENT 2 Possess the International Baccalaureate Diploma (IB) with a minimum score of 36 points and a minimum grade 6 (Higher Level) in the following subjects: Mathematics/Further Mathematics; and and Obtained at least Grade 5 (Higher Level) in any one (1) of the following subjects: Biology Chemistry Physics Mathematics/Further Mathematics and Obtained at least Band 2 in MUET. However, applicants who do not have MUET but have the following results may be considered for conditional offer by fulfiling the MUET requirements within the duration of one (1) academic session: Obtained at least Band 4 in IELTS (Academic); or Obtained score of at least 437 points (PBT)/123 points (CBT)/ 41 points (IBT) in TOEFL OR REQUIREMENT 3 Possess the Australian Matriculation programme (AUSMAT) with a minimum Australian Tertiary Admission Rank (ATAR) rank of 80 percent (%) and a minimum score of 16 points (High Achievement) in the following subjects: Mathematics; and One (1) of the following subjects: Biology Physics Chemistry and Obtained at least Band 2 in MUET However, applicants who do not have MUET but have the following results may be considered for conditional offer by fulfiling the MUET requirements within the duration of one (1) academic session: Obtained at least Band 4 in IELTS (Academic) or Obtained score of at least 437 points (PBT)/123 points (CBT)/ 41 points (IBT) in TOEFL

DIPLOMA/EQUIVALENT

OTHER REQUIREMENTS

Science Stream

REQUIREMENT 1

Possess a Diploma in related fields from Public University / other institutions recognized by the Government of Malaysia and approved by the University’s Senate with at least CGPA 3.50;

and

Obtained at least Band 2 in MUET

OR

REQUIREMENT 2

Passed the STPM not in current year with at least CGPA 3.50 and fulfils the program specific requirements as follows:
Obtained at least Grade A- in STPM level in the following subjects:

Mathematics (M) / Mathematics (T);

and

Obtained at least Grade B+ in STPM level for any one (1) of the following subjects:

Biology
Physics
Chemistry

and

Obtained at least Band 2 in MUET

OR

REQUIREMENT 3

Passed the Matriculation/ Foundations not in current year with at least CGPA 3.50 and fulfils the program specific requirements as follows:
Obtained at least Grade A- in Matriculation/Foundation in the following subjects:

Mathematics;

and

Obtained at least Grade B+ in Matriculation/Foundation program for any one (1) of the following subjects:

Biology
Physics/Engineering Physics
Chemistry/Engineering Chemistry

and

Obtained at least Band 2 in MUET

Science Stream

REQUIREMENT 1

Passed the GCE A-Level with at least Grade A in the following subjects:

Mathematics/Further Mathematics; and

and

obtained at least Grade B in one (1) of the following subjects:

Biology
Chemistry
Physics
Mathematics/Further Mathematics

and

Obtained at least Band 2 in MUET
However, applicants who do not have MUET but have the following results may be considered for conditional offer by fulfiling the MUET requirements within the duration of one (1) academic session:

Obtained at least Band 4 in IELTS (Academic);

or

Obtained score of at least 437 points (PBT)/123 points (CBT)/ 41 points (IBT) in TOEFL;

NOTE: Candidates may apply using Advanced Subsidiary (AS) examination results. A-Level examination results should be submitted later once it has been obtained.

OR

REQUIREMENT 2

Possess the International Baccalaureate Diploma (IB) with a minimum score of 36 points and a minimum grade 6 (Higher Level) in the following subjects:

Mathematics/Further Mathematics; and

and

Obtained at least Grade 5 (Higher Level) in any one (1) of the following subjects:

Biology
Chemistry
Physics
Mathematics/Further Mathematics

and

Obtained at least Band 2 in MUET.
However, applicants who do not have MUET but have the following results may be considered for conditional offer by fulfiling the MUET requirements within the duration of one (1) academic session:

Obtained at least Band 4 in IELTS (Academic);

or

Obtained score of at least 437 points (PBT)/123 points (CBT)/ 41 points (IBT) in TOEFL

OR

REQUIREMENT 3

Possess the Australian Matriculation programme (AUSMAT) with a minimum Australian Tertiary Admission Rank (ATAR) rank of 80 percent (%) and a minimum score of 16 points (High Achievement) in the following subjects:

Mathematics;

and

One (1) of the following subjects:

Biology
Physics
Chemistry

and

Obtained at least Band 2 in MUET

However, applicants who do not have MUET but have the following results may be considered for conditional offer by fulfiling the MUET requirements within the duration of one (1) academic session:

Obtained at least Band 4 in IELTS (Academic)

or

Obtained score of at least 437 points (PBT)/123 points (CBT)/ 41 points (IBT) in TOEFL

Fees

Courses	Credits
a. University Courses	22
b. Core Courses (83 Credits)
1. Faculty Core Courses (TF)	8
2. Programme Core Courses (TP)
Level 1	17
Level 2	26
Level 3	16
Level 4	16
c. Elective Courses (40 Credits)
1. Program Elective Courses (EP)	31
2. Faculty Elective Courses (EF)	9
TOTAL	145

INSTITUTION	LEVEL OF STUDY	ANNUAL FUNDING AMOUNT
		Maximum (RM)	75% (RM)	50% (RM)
PUBLIC UNIVERSITIES, POLYTECHNICS & COMMUNITY COLLEGES	Bachelor’s Degree (Science)	6,650	4,990	3,330
PUBLIC UNIVERSITIES, POLYTECHNICS & COMMUNITY COLLEGES	Bachelor’s Degree (Arts)	6,180	4,630	3,090

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Bachelor of Actuarial Science

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