Bachelor of Science (BSc) Actuarial and Financial Mathematics, University of Malaya, Kuala Lumpur

This programme is a major in Actuarial and Financial Mathematics . Upon graduation, candidates will be conferred with Bachelor of Science degree.

The Bachelor of Science (Actuarial and Financial Mathematics) programme is designed for the development of the core mathematical and computational skills required in science, government and industry. Banking, insurance agencies and investment houses employ many trained in actuarial and financial mathematics. Additionally, government agencies and corporations seek individuals with strong mathematical abilities, particularly in statistics, computing and finance to lead their departments, and often organisations.

With its vast area of influence in modern life scientifically and commercially, the programme offers tremendous opportunity for growth both on a personal and professional level. Students in this programme are given the opportunity to build links with the insurance and investment companies through industrial training and seminar courses.

This programme is a major in Actuarial and Financial Mathematics. Upon graduation, candidates will be conferred with Bachelor of Science degree.

Career Opportunities

  • Chief Executive Officer (CEO)
  • Chief Actuarial Officer (CAO)
  • Chief Financial Officer (CFO)
  • Life Insurance Actuary
  • Pension Actuary
  • Casualty Actuary
  • Risk Manager
  • Asset/Investment Consultant
  • Management Consultant
  • Lecturers

Course Modules

Core Subjects:

  • Information Skills
  • Islamic and Asian Civilisation (TITAS) I&II
  • Ethnics Relationships
  • Statistics
  • History and Philosophy of Science
  • Linear Algebra I&II
  • Calculus I, II&III
  • Differential Equations and Applications
  • Introduction to Life Contingencies
  • Investments and Finance Analysis I&II
  • Introduction to General Insurance
  • Introduction to Operational Research
  • Introduction to Statistical Computation
  • Microeconomics
  • Macroeconomics
  • Introduction to Accounting
  • Stochastic Processes
  • Regression Analysis
  • Applied Stochastic Processes
  • Methods of Monte Carlo Simulation
  • Advanced Statistical Mathematics
  • Introduction to Survival Data Analysis
  • Advanced Life Contingencies
  • Introduction to Time Series
  • Credibility Theory
  • Life Insurance and Takaful
  • Introduction to Risk Theory
  • Ratemaking, Loss Reserving and Accounting for Property and Casualty Insurance

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University of Malaya Contact Details

Institute of Mathematical Sciences
Faculty of Science
University of Malaya,
50603 Kuala Lumpur,

Phone: +6(03)7967 4207
Fax: +6(03)7967 4143