your actuarial career starts here
Actuarial Science encompasses the study of applied mathematics, statistics and financial theory to solve financial problems. It is a study of the financial risks associated with uncertain future events, with emphasis on assurance, property and casualty insurance, pension plans and employee benefit programmes.
This programme is designed to meet the evolving needs and challenges of the insurance and investment-related industries by aligning its syllabi with the professional examination requirements. It offers subjects that have been approved by actuarial organisations for Validation by Educational Experience (VEE) credit, i.e. Economics, Accounting and Finance, and Mathematical Statistics. It covers all the topics on the CAS/SOA Probability (P) and Financial Mathematics (FM) actuarial examinations plus more than 12 semester hours on the topics for the SOA Long Term Actuarial Mathematics (LTAM), Investment and Financial Markets (IFM) and Short Term Actuarial Mathematics (STAM). Students may gain international recognition, in addition to the UTAR honours degree. To enhance their employability, this programme also equips students with IT skills.
- 3 years
- flexible structure
- preparation for professional examinations
- applied projects
- IT skills
Department of Mathematical & Actuarial Sciences
The Department of Mathematical and Actuarial Sciences of Universiti Tunku Abdul Rahman (UTAR) commenced operation in January 2009 and has subsequently grown rapidly. The provision of state-of-the-art facilities and the pursue of a vigorous program of teaching, scholarship and research has made our department a dynamic place to study mathematical and actuarial sciences. Over the years, our department has provided excellent training and preparation for the 21st-century workplace.
We offer three undergraduate degrees and three postgraduate research degrees, which are Bachelor of Sciences (Honours) Actuarial Science, Bachelor of Sciences (Honours) Applied Mathematics with Computing, Bachelor of Science (Honours) Financial Mathematics, Master of Mathematics (coursework), Master of Mathematical Science and Doctor of Philosophy (PhD). These degree programmes are approved for delivery by the Malaysian Ministry of Higher Education, and are accredited by the Malaysian Qualifications Agency (MQA).
Our graduates are employed all over the country, in industries ranging from finance to data analysis to biomedical research, and has become a driving force in shaping culture, economy, law, government, and science, changing the way people view the world.
The Centre of Mathematical Sciences is a virtual research centre that is run by our department members along with researchers from other institutions and faculty members from UTAR Kampar. The centre is divided into smaller research groups, each with a more specific focus, in disciplines ranging from algebra to optimization to financial mathematics to data science. Regular activities are conducted to disseminate cutting edge knowledge, to encourage discussion and networking, and to spark and nurture research ideas. The centre also provides funding for students to attend conferences or seminars.
Check out other Programmes offered by the Department of Mathematical & Actuarial Sciences
Presently, our department members are composed of a Professor, 4 Associate Professors, 24 Assistant Professors, 10 Lecturers, 1 Tutor and 1 Graduate Assistant. The enthusiasm of our department members coupled with their professionalism and good work attitude has enabled us to offer some of the best degree programmes in the country.
The fact that most of the undergraduates, even those not enrolled in our degree programmes, will take at least one course in mathematics and statistics during their time in UTAR highlights the emphasis we place on mathematics as an enabler in the pursue of knowledge. Wide selections of mathematical courses are taught to all types of users of Mathematics and Statistics. As a student here, you will join a welcoming academic and social community of diverse people from all over the country.
Our department is committed to achieve the highest standards of teaching and research. Each year, we attract outstanding and talented students to join our degree programmes and we are naturally very proud when, year after year, our students declare that they are highly satisfied with the quality of our degree programmes.
Driven Faculty: UTAR’s BSc (Honours) Actuarial Science courses are taught by driven faculty members who are focused are providing you with the best knowledge and skills.
IT Skills: A selection of computer courses equip you with the know-how to use modern data tools.
Student Support: Enjoy support and close interaction from friendly instructors, as well as various facilities such as computer labs, libraries, even financial aid.
Professional Recognition: Enjoy Validation by Educational Experience (VEE) credit from SoA, IFoA papers exemption, and preparation for professional examinations by experienced and credentialed faculty members.
Career Prospects: UTAR’s BSc (Honours) Actuarial Science graduates have found jobs in a variety of industries, including in the insurance, banking, and finance industries.