Bachelor with Honours (Actuarial Science & Risk Management)

  Institution: Bachelor with Honours (Actuarial Science & Risk Management)

Introduction:

Actuarial Science and Risk Management can be defined as an applied science, specifically focusing on mathematics and statistics, economics and finance to solve the financial problems that involve uncertainty in value. Actuarial science uses mathematical skills and computing skills to identify, analyze and solve problems in business and socially.Those wishing to join the program must have a deep interest and ability in mathematics.

Learning Objectives:

• To impart knowledge and skills in actuarial science, takaful, insurance, mathematics, statistics and finance as well as using information technology, programming and computer software, in line with developments in communication skills.
• To increase and improve the level of confidence and ability to solve all the problems related to the field of mathematics, finance, economics and investment
• To provide the basic needs of professional examinations organized by international actuarial bodies.

Students are encouraged to take professional exams, whether organized by the Society of Actuaries in the USA, Australia or Canada, or the Institute of Actuaries in England, or the Faculty of Actuaries in Scotland. Those with professional qualifications will be easier to work and have taken a better chance to get a higher salary.

Career Opportunities:

Graduates in this field can enter the industry and insurance, real estate, funds, securities, stocks, finance, banking, marketing, reinsurance, investment, capitalization, health, transportation (land, sea and air), mining, oil, business and multinationals . They can be entrepreneurs, franchise holders or working in the public sector (such as in the central bank, the country’s revenue, financial groups, public trustee, or education).

Source: Universiti Sains Malaysia (USIM)