undergraduate study in actuarial science at utar

Bachelor of Science (Honours) Actuarial Science 

Actuarial Science is the application of mathematics, statistics, and financial theory to solve financial problems. It is a study of the financial risks associated with uncertain future events, with a focus on assurance, property and casualty insurance, pension plans, and employee benefit programmes.

The UTAR Bachelor of Science (Honours) Actuarial Science is designed to meet the evolving needs and challenges of the insurance and investment-related industries by aligning its syllabi with the professional examination requirements. The Bachelor of Science (Honours) Actuarial Science offers relevant courses that have approved by international renown actuarial organisation in the USA for Validation by Education Experience (VEE) credit, i.e. Economics, Accounting and Finance, and Mathematical Statistics. The programme covers all relevant topics on the CAS/SOA Probability (P) and Financial Mathematics (FM) actuarial examinations plus more than 12 semester hours on the topics for the SOA Long Term Actuarial Mathematics (LTAM), Investment and Financial Markets (IFM) and Short Term Actuarial Mathematics (STAM).  This programme also provides students with IT skills, which will help them find work.

Programme Strengths: Strong focus on the mathematical aspect of actuarial science with specialisation in Insurance and Risk Management, Data Analytics and Financial Reporting


Programme Details:

Award:

Bachelor of Science (Honours) Actuarial Science

Accreditation Status:   

Fully accredited   

Duration:   

3 years (Full-time) 

Intakes:   

January, May, October   

Total Programme Fees:   

RM42,900 (Malaysian)

RM58,200 (International) 

Medium of Instruction:   

English

Campus:   

Sungai Long Campus  

Faculty:   

Lee Kong Chian Faculty of Engineering and Science (LKCFES)

Career Prospects:

Graduates with a degree in Actuarial Science can find employment in a variety of industries, including insurance, banking, and financial services.

  • Actuary Analyst 
  • Pricing Analyst 
  • Tax Analyst 
  • Portfolio Manager 
  • Business Development Manager 

Professional Recognition/Accreditation:

The UTAR Bachelor of Science (Honours) Actuarial Science is officially recognised by the following actuarial organisation.