COURSE OVERVIEW

Master of Science (Actuarial Management)

Offered By: UCSI University

Course Fields: Business, Management and Marketing

Course Level: Master's Degree

Course Modes: Full Time

English Proficiency: IELTS

Course Duration: 1 year

Course Intake: January , May , September

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Total Cost: RM 99,417.00

Fees Title Fees Amount
1st year Structure B MYR 45,539.00
1st year Structure c MYR 48,228.00
total MYR 93,767.00

University Fee:

Fees Title Fees Amount
Registration Fee MY 450.00
International Administration Fee MY 4,200.00
Refundable Deposit MY 1,000.00
total MYR 5,650.00

Entry Requirement:

  • MASTER'S DEGREE BY COURSEWORK ​Bachelor’s degree i. A Bachelor’s degree with minimum CGPA of 2.50 out of 4.00 or its equivalent qualifications as accepted by the HEP Senate; OR ii. A Bachelor’s degree with CGPA below 2.50 out of 4.00 or its equivalent qualifications can be accepted, subject to a minimum of 5 years of working experience in relevant field.
  • MASTER'S DEGREE BY MIXED MODE ​Bachelor’s degree i. A Bachelor’s degree with minimum CGPA of 2.75 out of 4.00 or its equivalent qualifications as accepted by the HEP Senate; OR ii. A Bachelor’s degree not meeting CGPA of 2.75 but above the CGPA of 2.50 out of 4.00 or its equivalent qualifications may be accepted, subject to the HEP rigorous internal assessment (may include tests, interviews or portfolio); OR iii. A Bachelor’s degree below a CGPA of 2.50 out of 4.00 or its equivalent qualifications may be accepted, subject to a minimum of 5 years of working experience in relevant field.

Overview

After the successful accreditation of its undergraduate Actuarial Science programmes, UCSI University is launching the MSc in Actuarial Management. This elevates UCSI’s offerings in the field of Actuarial Studies to the Graduate-Education level (curriculum covers all topics on the first four CAS/SOA exams and programmes leads to a Master’s degree).As a post-graduate programme, the MSc in Actuarial Management will have more emphasis on the theoretical fundamentals of the disciples involved. In addition, this Master’s programme offers two structures (C or B) to meet the different needs of learners with a first degree in the quantitative discipline.Coursework (Structure C) is ideal for professionals such as mathematics teachers, engineers or economists who want a mid-career switch to the actuarial profession.

Coursework (Structure C) will equip them with the essential technical knowledge to pursue the Society of Actuaries exams up to associate level. In addition, it provides essential management know-hows for technicists to succeed in ascending the corporate ladder.Actuarial Science is an interdisciplinary programme, so inevitably, graduates from such programmes could lack theoretical depth.

Mixed Mode (Structure B) is designed for those who already have a degree in or related to actuarial science and would like to boost their theoretical foundation and develop skills for research. It is ideal for those interested to venture into academia or a management role that conducts more rigorous investigative tasks.

1 year
Structure C – Coursework
Semester 1 (12 credit hours)
  • Probability and Statistical Method
  • Research Methods for Business and Management
  • Life Contingency
  • Actuarial Models
Semester 2 (12 credit hours)
  • Empirical Modelling for Actuary
  • Insurance Business Practices
  • Stochastic Process for Financial Economic
  • Empirical Workshop
Semester 3 (17 credit hours)
  • Elective 1
  • Elective 2
  • Elective 3
  • Research Project
Structure B – Mixed Mode
Semester 1
  • Probability and Statistical Method
  • Research Methods for Business and Management
  • Life Contingency
  • Actuarial Models
Semester 2
  • Empirical Modelling for Actuary
  • Insurance Business Practices
  • Empirical Workshop
  • Elective
Semester 3
  • Research Thesis
Electives
  • Quantitative Equity Portfolio Management
  • Stochastic Process for Financial Economic
  • Asset Liability management
  • Marketing Management
  • Ethics and Corporate Social Responsibility
  • Business Policy and Strategic Management
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University Details:

UCSI University

Built on the principles of audacity, perseverance, integrity and excellence, UCSI University is a leading institution of higher learning with campuses in Kuala Lumpur, Springhill (Port Dickson) and Kuching, Malaysia. Our faculties, equipped with state-of-the-art facilities to meet student needs offer a wide spectrum of academic programmes, ranging from Medicine, Pharmacy, Nursing, Engineering and Architecture to Music, Multimedia, Education, Liberal Arts and Hospitality. Read more

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