Best University in Malaysia for Actuarial Science with Data Analytics Degree at UCSI University

What You Need to Know about the Bachelor of Science (Hons) Actuarial Science with Data Analytics Programme at UCSI University

Traditionally, actuaries have used data to answer financial risk problems. However, two significant trends are transforming the world of finance: an increase in the volume and types of data, and a concentration on risk management. The Actuarial Science with Data Analytics programme at UCSI University will get students to learn about the classic actuarial approach to risk management, as well as some of the most recent areas of data science, such as artificial intelligence and machine learning, and their practical applications in finance and insurance.

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Outstanding Actuarial Science with Data Analytics Degree Programme in Malaysia at UCSI University

Traditionally, actuaries have used data to answer financial risk problems. However, two significant trends are transforming the world of finance: an increase in the volume and types of data, and a concentration on risk management.

The Bachelor of Science (Hons) Actuarial Science with Data Analytics programme will get students to learn about the classic actuarial approach to risk management, as well as some of the most recent areas of data science, such as artificial intelligence and machine learning, and their practical applications in finance and insurance.

Education Pathway to an Actuarial Science Degree

Students after SPM or O-Levels with at least 5 credits including the relevant subjects may enter the Foundation in Arts (Actuarial Science & Architecture) at top ranked UCSI University for 1 year before continuing on to the 3-year Actuarial Science degree. Pre-University graduates in Malaysia from programmes such as UEC, STPM, A-Levels, SAM, CPU, AUSMAT and others may enter directly into the Actuarial Science degree providing they meet the minimum entry requirements.

Subjects for the Bachelor of Science (Hons) Actuarial Science with Data Analytics Degree at UCSI University

Year 1

• Calculus and Analytical Geometry
• Statistics and its Applications
• Business Accounting
• Microeconomics
• Fundamental of Data Science
• Bahasa Kebangsaan A (optional)
• Probability Theory
• Database Management Systems
• Discrete Mathematics
• Macroeconomics
• Cooperative Placement 1

Year 2 

• Mathematics I
• Mathematics of Interest Rates
• Mathematical Statistics
• Introduction to Stochastic Processes
• Data visualization
• Mathematics II
• Applied Statistical Models
• Life Contingencies 1
• Elementary Programming
• Research Methods in Data Analytics
• Cooperative Placement 2

Year 3 

• Independent Project I
• Life Contingencies 2
• Elective 1
• Financial Management 1
• Machine Learning for Data Analytics
• Independent Project II
• Time series models and Survival Analysis
• Financial Statement Analysis
• Cloud Computing
• Big Data Analytics
• Cooperative Placement 3

Electives (choose one)

• Actuarial Practices
• Loss Models
• Credibility Theory

ACADEMIC REQUIREMENTS

• UCSI Foundation year
  Minimum CGPA 2.0 including Mathematics
• STPM
  A pass in STPM, with a minimum Grade C (CGPA 2.0) in any 2 subjects, and a pass in Mathematics and English at SPM level
• A-Level
  Minimum 2 principals (D) including Mathematics
• ​UEC
  Minimum 5 credits (B6) including Mathematics
• ​National Matriculation
  Minimum CGPA of 2.0 including Mathematics
• ​International Baccalaureate (IB)
  Minimum score of 26 points in 6 subjects including Mathematics
• Canadian Pre-U
  Minimum average of 60% in 6 subjects inclusive of Mathematics
• AUSMAT/ HSC/SACE/TEE/WACE
  ATAR score 60% OR minimum 60% average in 5 subjects inclusive of Mathematics
• Other qualifications deemed equivalent to STPM/A-Level by Malaysian Qualifications Agency
  Minimum overall average of 60% including Mathematics
• Diploma (Business-related)
  Minimum CGPA of 2.0 Including Mathematics
• Other equivalent qualifications
  To be reviewed by the faculty on a case-to-case basis

ENTRY REQUIREMENTS FOR FOUNDATION YEAR

ACADEMIC REQUIREMENTS

• SPM
  Pass SPM with minimum 5 credits
• O-Level
  Minimum 5 credits (C)
• UEC
  Pass UEC with minimum 3 credits (B6)
• Other qualifications deemed equivalent to STPM/A-Level by Malaysian Qualifications Agency
  Minimum overall average of 50%
• Other qualifications deemed equivalent to SPM/O-Level by Malaysian Qualifications Agency
  Minimum overall average of 60%

Career Opportunities

This programme prepares students for exciting careers in the corporate sector, insurance sectors, risk management, financial industry, government agencies, and for graduate studies in finance and investment. Examples of career options include:

• Actuary
• Financial Risk Analyst
• Pension Actuarial Analyst
• Insurance Underwriter
• Financial Planning Advisor
• Statistician
• Data Analyst
• Business Analyst