BACHELOR OF ACTUARIAL STUDIES (HONOURS)

This Bachelor of Actuarial Studies (Honours) programme equips you with a strong foundation in mathematics, statistics, and financial theory to navigate complex financial and business environments. From risk assessment and insurance to financial planning and investment analysis, students are exposed to a wide spectrum of actuarial applications. With access to experiential learning opportunities that enrich your academic experience, you will graduate with strong analytical and problem-solving skills to make informed decisions in high-stakes, data-driven settings. 

For those aspiring to a future in financial risk management, insurance, or actuarial consultancy, early application is encouraged to ensure a smooth and purposeful start to this forward-looking academic journey.

Duration

3-year
Study options

Full Time Only

This degree programme is designed to equip you with powerful analytical problem-solving skills and specialised training in calculating and effectively managing financial risks for businesses. We're dedicated to enriching your learning experience by providing a range of captivating opportunities that will help you extract the utmost value from your actuarial science studies. 

Primary Major

This component consists of Common Core subjects, which are common modules across a discipline that provides the fundamental knowledge of the discipline.

Common Core

Year 1

• Programming
• Microeconomics*
• Calculus
• Probability Theory*
• Mathematics of Finance*
• Advanced Calculus
• Mathematical Statistics*
• Introduction to Accounting

Year 2

• Life Contingencies I*
• Applied Statistical Methods*
• Introduction to Finance
• Life Contingencies II*
• Corporate Finance*
• Fundamentals of Linear Algebra 
• Macroeconomics*
• Internship

Year 3

• Simulation and Credibility Theory
• Survival Models*
• Derivatives
• Stochastic Calculus for Financial Economics*
• Stochastic Processes*
• Risk Theory*
• Project
• Insurance Practices and Takaful

Notes: 

1. * Students are required to take the modules in order to obtain VEE credits from the Society of Actuaries (SOA), US.
2. All information is subject to change. Readers are responsible for verifying information that pertains to them by contacting the university.

University Core

This component aims to develop critical thinking, build up social intelligence and cultivate civic responsibility as well as broaden cultural knowledge. These consist of compulsory and nationally-mandated study modules required by the Malaysian Ministry of Higher Education.

• Penghayatan Etika dan Peradaban / Bahasa Melayu Komunikasi 2
• Falsafah dan Isu Semasa
• Emotional Intelligence in Action
• Kursus Integriti Dan Antirasuah
• Social Innovation Project

Note:

1. Students are requested to take Bahasa Kebangsaan A if they do not obtain a Credit for Bahasa Malaysia in SPM.
2. All information is subject to change. Readers are responsible for verifying information that pertains to them by contacting the university.

Flexible Education

The Flexible Education component offers students the flexibility to explore modules in a related or unrelated field, enhancing and complementing their primary major. This component allows students to broaden their knowledge and skills by selecting modules from the same or different schools within the university.

Flexible Education can take various forms, including free electives, extensions, minors, or even a second major. These options provide students with the opportunity to delve deeper into a specific area of interest or broaden their understanding by exploring a different field of study.

LISTS OF MINORS

• Accounting
• Advertising & Brand Management
• Business Analytics
• Cosmetic Science
• Creative Media Design
• Culinary Arts
• Culinary Science
• Design And Manufacturing
  *This minor is only applicable to Bachelor of Chemical Engineering and Bachelor of Electrical and Electronics Engineering.
   
• Digital Media Production
• Early Childhood Education
• Education
• Entrepreneurship
• Event Management
• Finance
• Fintech
• Game Design
• IC Design And Embedded Systems
• International Business
• Journalism and Media Practice
• Management
• Marketing
• Mass Communication
• Mobile Technology
• Nutrition With Wellness
• Performing Arts
• Pharmaceutical Industrial Practice
• Pharmacology
• Power and Energy System
• Project Management
• Psychology
• Public Relations
• Robotic Design
• Social Media Management
• Special Educational Needs
• Sustainable Food Systems
• Teaching English to Speakers of Other Languages (TESOL)
• Web Technology

You will need to choose one of the package below.

Free Electives

You will need to select any five (5) of the Free Electives offered by Taylor's University. You can refer to the Flexible Education Guide for the complete list.

The free electives offered are subject to availability and you will need to meet the minimum module pre and co-requisite.

Recommended Electives

• Advanced Corporate Finance
• Blockchain Economics
• Enterprise Risk Management
   
• Financial Reporting*
• Fintech and Innovation
• International Finance
• Leadership and Change Management
• Life Insurance and Pension Funds
• Marketing Management (IBMP)
• Organisational Management (IBMP)
• Portfolio Management*
• Ratemaking and Loss Reserving for General Insurance*

Notes:

• Students are required to take the modules in order to obtain exemptions from IFoA.
• All information is subject to change. Readers are responsible for verifying information that pertains to them by contacting the university.

Prerequisites

SPM / O-Level with Pre-U / Foundation

Pass SPM / O-Level or equivalent with 5 credits including Mathematics and a pass in English for entry with pre-university/ foundation qualification (Except for UEC)

SPM / O-Level with Diploma

Pass SPM / O-Level or equivalent with 3 credits including Mathematics and a pass in English for entry with Diploma qualification

Note: All information is subject to change. Readers are responsible for verifying information that pertains to them by contacting the university.

Entry Pathway

Taylor's Foundation

Pass any Taylor's Foundation programme with min. CGPA 2.00

Taylor's Diploma

Pass any Taylor's Diploma programme with min. CGPA 2.00

Sijil Tinggi Persekolahan Malaysia (STPM)

Minimum CC 

Unified Examination Certificate (UEC)

Pass with min. 5Bs including Mathematics and minimum pass in English. Candidates without a Grade B in UEC Mathematics and a pass in UEC English may be admitted if the candidate has a credit in Mathematics and a pass in English at SPM or equivalent

A Level

Minimum DD

AUSMAT (SACEi) 

Minimum ATAR 60

Canadian Pre-University (CPU)

Minimum average of 60% in 6 subjects

International Baccalaureate (IB)

Minimum of 24 points for 6 subjects

Monash University Foundation Year (MUFY)

Overall 50%

Other Equivalent Qualifications

• Pass Business Foundation from any other HEI
• HSC (Yr 12), New South Wales with min. average 60% in 5 subjects
• Pass MOHE Matriculation with a CGPA of 2.00
• Pass Foundation (in other fields) from other institutions recognised by MoHE
• Pass DIB or Diploma in other fields from other institutions recognised by MoHE
• Application via APEL A is allowed
• Other equivalent qualifications recognised by the Malaysian Government

Note: All information is subject to change. Readers are responsible for verifying information that pertains to them by contacting the university.

English Requirements

LOCAL STUDENTS

MUET/ IELTS/ TOEFL/ UEC

Pass English

Taylor's EET

Overall Score 5.0

Taylor's IEN

Level 2 - Grade C

Pre-U / Diploma

Completed Pre-U / Diploma that was conducted in English

Cambridge English / ELS

the minimum score varies by programme

INTERNATIONAL STUDENTS

MUET

Band 3

CEFR

Low B2

Pre-U / Diploma

Completed Pre-U / Diploma that was conducted in English

Cambridge English / ELS

the minimum score varies by programme

Notes: 

• International students may join IEN preparatory course and achieve the IELTS score.
• All information is subject to change. Readers are responsible for verifying information that pertains to them by contacting the university.

STUDENT PASS / VISA REQUIREMENTS (INTERNATIONAL STUDENTS)

All international students who plan to study full-time in Malaysia are required to obtain a Student Pass (Student Visa) before starting their studies.

• You must receive an official Offer Letter from the university before applying for a student pass

• The university will submit your Student Pass application through Education Malaysia Global Services (EMGS) on your behalf

• A Visa Approval Letter (VAL / eVAL) is required before travelling to Malaysia

• Studying on a tourist or social visit visa is not permitted

• Your passport must be valid for at least 18 months from your intended intake date

• Visa processing time depends on EMGS and Malaysian Immigration approval

• After arriving in Malaysia, all students must complete a medical check-up at an EMGS-registered clinic

• Your Student Pass will be issued only after medical clearance and document verification

• Continuing students must renew their Student Pass before it expires

DOCUMENTS REQUIRED FOR STUDENT PASS APPLICATION

The following documents are commonly required for all international students:

• Valid passport (clear scanned copy of all pages, including blank pages)

• Passport-size photograph with a white background

• Official Offer Letter from the university

• Academic certificates and transcripts related to your programme

• English language proficiency certificate (IELTS / TOEFL or equivalent), if required

• Proof of acceptance or tuition fee payment (if requested by the university)

• Student Pass / Visa processing fee as determined by EMGS

• Completed EMGS Health Declaration Form (if applicable)

Please note: All documents not originally in English must be submitted together with certified English translations.

ADDITIONAL DOCUMENTS (IF APPLICABLE)

Some students may be asked to provide extra documents depending on their situation:

• Release Letter and Visa Cancellation Letter (for students transferring from another institution in Malaysia)

• School Leaving Certificate (for foundation or diploma applicants)

• Sponsorship or Scholarship Letter (if your studies are funded)

• Proof of financial support to cover tuition fees and living expenses

• Statutory Declaration (if there are name differences across documents)

• Resume or Character Reference Letter (commonly required for applicants above 23 years old)

• Police Clearance Certificate (if requested by EMGS or embassy authorities)

• Copy of previous Malaysian visa or Resident Pass (if applicable)

AFTER ARRIVING IN MALAYSIA

Once you arrive in Malaysia, you will need to:

• Complete a medical examination at an EMGS-approved clinic

• Submit your passport for Student Pass endorsement

• Receive a temporary Special Pass (if applicable) while your Student Pass is being processed

• Collect your Student Pass and complete university registration

IMPORTANT REMINDERS

• Student Pass requirements are set by Malaysian Immigration and EMGS and may vary by nationality
• The university’s International Office will guide you through each step of the process
• Students are strongly advised to prepare documents at least 2–3 months before intake
• Requirements may change, so always follow the latest instructions provided by the university