Bachelor of Actuarial Studies (Honours)

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.

This Bachelor of Actuarial Studies program curriculum provides you with a solid foundation of mathematical and statistical concepts, allowing you to delve into diverse fields of actuarial science such as risk assessment, insurance, financial planning, and investment analysis. With access to experiential learning experiences that complement your academic education, you will graduate with strong analytical and problem-solving abilities to make educated judgments in complicated business and finance situations.

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 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)

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)

Overall 50%

Other Equivalent 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 min CGPA 2.00

- Pass Foundation (in other fields) from other institutions recognised by MoHE

- Pass DIB or Diploma in other field from other institutions recognised by MoHE

- Other equivalent qualification recognised by Malaysian Government

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

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)

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

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) 
• MPU (U3)
• MPU (U4)
• Bahasa Kebangsaan A – only for Malaysian students who had not obtained a credit in SPM Bahasa Melayu or do not possess the SPM qualification.

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.

Click here to see a full list of all available Complementary Studies Components.

Electives

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

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