Master of Science (Actuarial Science)

PROGRAM DETAILS

Programme Code: S306
Medium of instructions: English
Programme Option: Mixed Mode

<p><strong>Background of the Programme</strong></p><p>Master of Actuarial Science Programme aims to provide guidance and develop skills so that students will be more competent and confident in Actuarial Science by using an integrated approach. This approach will enable students to better understand the decision-making process and the factors that influence the decision-making process. Indirectly, it can give input in assessing existing processes towards better Actuarial Science. The&nbsp; programme is offered in Faculty Science and Technology (FST) with duration of three to six semesters inclusive of 22 credit hours for coursework and 21 credit hours for thesis.</p><p><br /><strong>Objectives of the Programme</strong></p><p>The following are the objectives of this programme:</p><ol><li>Have knowledge in Actuarial Science and Risk Management for the sake of strengthening Islamic education. (LO1)</li><li>Have the technical skills and be able to think critically and solve complex problems in multi-language communication in a scientific and logical. (LO2, MLO3, LO4)</li><li>Having a good leadership and competent and have a strong personality in fulfilling social responsibility. (LO5, LO7, LO9)</li><li>Ability to manage information systems competitively in order to assist countries in dealing with the affairs of Islamic finance, trade, investment, takaful, international marketing and globalization. (LO6, LO8)</li><li>Has the entrepreneurial and able to contribute in the field of science and mathematics in order to improve the economic status of Muslims at the national level. (LO8)</li></ol><p>&nbsp;</p>

Admission to Master’s Degree by Mixed Mode

  1. A relevant bachelor’s degree with honours with a minimum CGPA of 2.75/4.00 or equivalent from the University or any other institutions of higher learning recognised by the Senate; or
  2. Other qualifications equivalent to a bachelor’s degree with honours AND relevant professional work experience; or
  3. A bachelor’s degree or equivalent with minimum CGPA of 2.50/4.00 and not meeting CGPA of 2.75/4.00, can be accepted subject to rigorous internal assessment; or
  4. In case the CGPA does not meet the requirement of 2.50/4.00, the selection will subject to a minimum of 5 years working experience in relevant field.
  5. The number of credit hours for the relevant bachelor’s degree and advanced diploma shall be as follows: (a) bachelor’s degree ≥ 120 credit hours (b) advanced diploma ≥ 90 credit hours

Note: 1-year work experience is equivalent to 0.05 CGPA

(1)  An applicant shall show evidence of proficiency in the English language based on the following criteria: 

  1. TOEFL minimum score of 180 (computer-based) or 64 (internet-based); or
  2. IELTS minimum score of Band 5; or
  3. MUET minimum score of Band 3; or
  4. graduated from institutions that use English as the main medium of instruction, AND will be required to seat for University English Proficiency Test (UEPT) with minimum score of Band 3; or
  5. graduated in the field of Teaching of English as a Second Language (TESL), English Language Studies (ELS) and equivalent from a university recognised by the Senate; or
  6. a native speaker of English.

(2)  Research-mode applicant who intends to write his/her thesis in Arabic will be required to fulfil the criteria as follows:

  1. TOEFL minimum score of 150 (computer-based) or 52 (internet-based); or
  2. IELTS minimum score of Band 4; or
  3. MUET minimum score of Band 2; or
  4. UEPT minimum score of Band 2.

(3)  An applicant who does not fulfil any of the criteria under (1) & (2) will be allowed to register conditionally and is required to fulfil any of the criteria under (1) or (2), within 12 months (for Master’s students) and 24 months (for Ph.D. students).

ProgrammeModeTotal Fees

Local Full Time

Local Part Time

International

Master of Science (Actuarial Science)

Mixed Mode

9,051.00 MYR

9,098.00 MYR

15,465.00 MYR

The fees that stated are subject to change from time to time without any prior notice by the University. Student are advised to check the CGS Website for any changes before the of each semester registration. All fees must be paid upon registration.

The university has the right to withdraw this offer or to terminate you from your study if you are found to suffer from or to be a carrier of contagious/infectious diseases, or to suffer from a medical condition requiring continuous medical care that will adversely affect your study at USIM.

(1) Communicable Disease

Type of Disease / Problem Example

Example

1

  • Contagious
  • Difficult and require prolonged treatment
  • Expensive treatment
  • HIV / AIDS
  • Hepatitis B
  • Hepatitis C

2

  • Infectious
  • Treatable within certain period of time.
  • Tuberculosis

3

  • Infectious
  • Treatable within short period of time.
  • Malaria
  • Typhoid
  • Syphilis (VDRL)

4

  • Communicable Disease defined as epidemic by MOH
  • Japanese encephalitis,
  • SARS
  • Avian flu


(2)   Chronic Non-communicable Disease 

Type of Disease / Problem Example

Example

1

  • Condition that can endanger to himself or others.

  • Recurring repeatedly and affecting his study

  • Epilepsy

  • Schizophrenia

2

  • Expected to be prolonged.

  • Obvious and serious symptoms.

  • Prolong treatment schedule.

  • Dialysis

  • Cancer

3

  • Addiction or drug abuse as stated in AUKU or Malaysian Law.

  • Drugs.

  • Drugs

4

  • Continuous medication.

  • No serious symptoms.

  • Treatment does not affect study

  • Hypertension

  • Diabetes Melitus

 

Applicants can apply via online at https://ipps2.usim.edu.my/ and fill the prescribed forms. Forms and supporting authenticated documents must then be submitted through online or mailed to the office.

For information related to visa and student pass, please refer to http://alamiyyah.usim.edu.my

Contact Us

<p><strong>Centre for Marketing and Student Admissions</strong><br />Level 1, Chancellory Building<br />Universiti Sains Islam Malaysia<br />Bandar Baru Nilai, 71800, Nilai<br />Negeri Sembilan, MALAYSIA<br /><br />Phone: +606 798 8163 / +606 798 6002 /&nbsp;+606 798 8055<br />Email: study@usim.edu.my</p>

Related Information

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