Master in Science in Actuarial Management Structure B & C

-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.

Bachelor’s degree

Master's Degree by Coursework

1. 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
2. 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

1. 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
2. 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
3. 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.

English Language Requirements 

Band 6.0 in IELTS, or a score of 213 (computer based) / 550 (written based) in TOEFL, or applicants holding a previous degree from a University where the medium of instruction is English, will be deemed to have fulfilled this criterion.

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

• GD 401 Quantitative Equity Portfolio Management
• GD 506 Stochastic Process for Financial Economic
• GD 403 Asset Liability management
• GM 502 Marketing Management
• GM 524 Ethics and Corporate Social Responsibility
• GM 512 Business Policy and Strategic Management