Programme Requirements

Programme Title Bachelor of Science in Actuarial Science [BSc(ActuarSc)]
Offered to students admitted to Year 1 in 2025
Objectives:

The Actuarial Science curriculum aims at providing formal academic and professional training to students who wish to join the actuarial profession. Although actuarial science is a separate discipline with its own area of knowledge, modern actuarial training requires multidisciplinary knowledge such as probability, statistics, data science, economics, investment, finance, law, taxation, and accounting. The Actuarial Science curriculum reflects this requirement by incorporating various interdisciplinary courses into the basic yet comprehensive actuarial training. The programme is designed to equip students with solid background in actuarial science, to develop their confidence and analytical skills needed to define and tackle problems in actuarial science and related fields. Specifically, the programme is designed to provide adequate knowledge for students to sit for the early professional examinations organized by international actuarial organizations so that they can successfully join the actuarial profession after graduation. In addition, the programme provides sufficient academic training for students who wish to pursue postgraduate studies in actuarial or other related areas should they wish to.
Learning Outcomes:
By the end of this programme, students should be able to:
PLO 1 :

understand and apply various analytic and quantitative methods to define and solve problems in insurance, finance, economics, investment, pension, financial risk management and demography (by means of coursework and tutorial classes and/or research-based project in the curriculum)
PLO 2 :

understand and identify the nature of insurance, finance and investment risks (by means of coursework and tutorial classes and/or research-based project in the curriculum)
PLO 3 :

develop analytical skills to evaluate and measure various kinds of risk, and appraise the related moral and ethical issues (by means of coursework and tutorial classes and/or research-based project in the curriculum)
PLO 4 :

formulate effective business strategies to manage various kinds of risk (by means of coursework and tutorial classes and/or research-based project in the curriculum)
PLO 5 :

communicate and collaborate with people effectively on issues related to actuarial science (by means of coursework and tutorial classes and/or research-based project in the curriculum)
PLO 6 :

discuss current actuarial issues and acquire and apply practical knowledge in some specially designed courses (by means of coursework and tutorial classes and/or research-based project in the curriculum)
Required courses (132 credits)
1. Year I Courses
Disciplinary Core Courses (42 credits)
ACCT1101 Introduction to Financial Accounting (6)
ECON1210 Introductory Microeconomics (6)
ECON1220 Introductory Macroeconomics (6)
MATH1821 Mathematical Methods for Actuarial Science I (6)
MATH2822 Mathematical Methods for Actuarial Science II (6)
SDST2901 Probability and Statistics: Foundations of Actuarial Science (6)
SDST2902 Financial Mathematics (6)
2. Year II Courses
Disciplinary Core Courses (42 credits)
COMP1117 Computer Programming (6)
SDST3901 Life Contingencies I (6)
SDST3902 Mathematical Statistics (6)
SDST3903 Stochastic Models (6)
SDST3904 Corporate Finance for Actuarial Science (6)
SDST3905 Introduction to Financial Derivatives (6)
SDST3907 Linear Models and Forecasting (6)
3. Year III Courses
Disciplinary Core Courses (30 credits)
SDST3906 Risk Theory I (6)
SDST3908 Credibility Theory and Loss Modelling (6)
SDST3909 Life Contingencies II (6)
SDST3910 Financial Economics I (6)
SDST4904 Statistical Learning for Risk Modelling (6)
4. Year IV Courses
Disciplinary Electives (12 credits)
At least 12 credits selected from the following courses:
SDST3911 Financial Economics II (6)
SDST3951 Topics on Advanced Actuarial Modelling (6)
SDST3953 Fundamentals of Actuarial Practice (6)
SDST3954 Current Topics in Actuarial Science (6)
SDST3956 Life Contingencies III (6)
SDST4901 Risk Theory II (6)
SDST4902 Selected Topics in Actuarial Science (6)
SDST4903 Actuarial Techniques for General Insurance (6)
5. Capstone Requirement (6 credits)
At least 6 credits selected from the following courses:
SDST4711 Capstone Experience for Actuarial Science Undergraduates (6)
SDST4767 Actuarial Science Internship (6)
SDST4798 Statistics and Actuarial Science Project (6)
 
Notes:

1. Students are expected to be in full-time status for eight academic semesters (in addition to their 6-month or longer full-time internships) in order to fulfill the degree requirements.

2. Students may optionally take Majors or Minors outside the BSc(ActuarSc) programme, provided that they fully satisfy the requirements.
Remarks:

Important! Ultimate responsibility rests with students to ensure that the required pre-requisites and co-requisites of selected courses are fulfilled. Students must take and pass all required courses in the programme in order to satisfy the degree graduation requirements.