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Assess risk and uncertainty using mathematical and statistical methods
Bachelor of Science in Economics and Actuarial Science
The Bachelor of Science in Economics and Actuarial Science is a three-year undergraduate programme that provides a strong foundation in economics, actuarial science, statistics, and financial mathematics. Students develop analytical skills to understand economic trends, assess financial risks, and make data-driven decisions, preparing them for careers in insurance, financial services, consulting, and analytical roles.
This programme is delivered in line with the UK curriculum and academic standards. Students may also progress into this degree through the Foundation in Business programme at the University of Southampton Malaysia.
Course Code
JPT (R/0311/6/0019)
01/31 MQA/FA14229
Intake
September
Duration
3 Years
Delivery Model
Full time
What You Will Study
Students in the Bachelor of Science in Economics and Actuarial Science explore how economics, actuarial methods, financial mathematics, and quantitative analysis are used to evaluate risks, interpret data, and solve real-world financial challenges. Key areas of study include:
Year One
- Economics with Experiments
- Linear Algebra I
- Mathematics for Economics
- Foundations of Microeconomics or Principles of Microeconomics
- Economics with Data
- Principles of Macroeconomics
- Quantitative Modelling in Economics
- Statistics for Economics
- Economics Skills and Employability I
Year Two
- Econometric Theory
- Financial Mathematics
- Intermediate Macroeconomics
- Intermediate Microeconomics
- ECON Dissertation: Preliminary Information
- Econometrics with Big Data
- Economics Skills and Employability II
Optional Modules
- Accounting and Finance for Non-Specialists (Actuarial Science)
- Stochastic Processes (Actuarial Science)
- Development Economics
- Dynamic Macroeconomics
- Industrial Economics
- Applied Econometrics
- Games
Year Three
- Dissertation: Literature Review or Project/Dissertation
- Dissertation: Research Project or Dissertation: Research Topics
- Economics Skills and Employability III
Optional Modules
- Actuarial Mathematics I (Actuarial Science)
- Computational Economics (Actuarial Science)
- Survival Models (Actuarial Science)
- Actuarial Mathematics II (Actuarial Science)
- Mathematical Finance (Actuarial Science)
- Statistical Methods in Insurance (Actuarial Science)
- Labour Economics
- Principles of Finance
- Topics in Macroeconomics
- International Trade
- International Macroeconomics
- Public Economics
- Choice and Decision
- Computational Economics
Optional modules are subject to availability, depending on the fulfilment of the minimum enrolment requirement for the module and other relevant conditions.
Why Choose the University of Southampton Malaysia
Graduate Employability & Career Opportunities
The ability to analyse economic trends, assess financial risks, and support data-driven decisions is increasingly valued across industries. Through a combination of economics, actuarial science, and quantitative analysis, students develop the technical skills needed for analytical, financial, and risk-focused careers.
Career opportunities may include:
- Actuarial Analyst
- Risk Analyst
- Financial Analyst
- Economic Analyst
- Investment Analyst
- Insurance Analyst
- Data Analyst
- Pension Consultant
- Pricing Analyst
- Quantitative Consultant
Graduates may pursue opportunities across actuarial services, insurance, banking, asset management, consulting, government, and other sectors that require strong analytical and quantitative expertise.
Professional Recognition and Global Industry Alignment
Business-related programmes at the University of Southampton Malaysia are aligned with internationally recognised professional bodies.
For Economics and Actuarial Science students, this supports the development of industry-relevant knowledge and skills, preparing graduates for careers in actuarial science, risk management, finance, and related fields.
Fee and Scholarships
Attractive scholarships are available. Chat with our counsellors to understand your options.
Learn MoreEntry Requirements
These are our typical offers. We are able to exercise some discretion if you do not meet these requirements. Please contact us for an assessment of your predicted and/or confirmed grades.
Learn MoreProgression Pathways
at the University of Southampton Malaysia
Graduates of the Bachelor of Science in Economics and Actuarial Science can continue their academic journey through postgraduate study at the University of Southampton Malaysia, including:
Building Future Economists and Actuarial Professionals
The Bachelor of Science in Economics and Actuarial Science equips students with the analytical, quantitative, and problem-solving skills needed to understand economic trends, evaluate financial risk, and make data-driven decisions. Graduates are well-prepared for careers in insurance, actuarial services, finance, consulting, risk management, and other analytical professions.
The University of Southampton Malaysia is the branch campus of the University of Southampton, a member of the Russell Group. Students benefit from a globally recognised UK qualification, modern learning facilities, and an academic experience that reflects the standards of a leading UK university.
Ready to pursue a career in economics, actuarial science, or risk management?
Apply for the Bachelor of Science in Economics and Actuarial Science or speak to an education counsellor to learn more about entry requirements, scholarships, and upcoming intakes.
Frequently Asked Questions (FAQs)
The Bachelor of Science in Economics and Actuarial Science is a three-year undergraduate programme that combines economics, actuarial science, and quantitative methods to help students understand financial risks, analyse economic trends, and make data-driven decisions. Students develop knowledge in areas such as economic theory, statistics, econometrics, financial mathematics, and actuarial modelling, preparing them for careers in finance, insurance, risk management, and related fields.
The Bachelor of Science in Economics and Actuarial Science allows students to earn a globally recognised UK qualification while studying at the University of Southampton Malaysia. As part of a Russell Group university, students develop expertise in economics, actuarial science, financial risk, and quantitative analysis through a curriculum designed to prepare them for careers in insurance, finance, consulting, risk management, and other analytical fields
Graduates of the Bachelor of Science in Economics and Actuarial Science can pursue career opportunities across actuarial science, insurance, finance, consulting, economics, and risk management. The programme develops strong analytical, quantitative, and problem-solving skills that are valued in roles such as actuarial analysts, risk analysts, financial analyst, economic analysts, insurance analysts, investment analysts, data analysts, consultant
The programme is aligned with internationally recognised professional bodies and standards, including AACSB, AMBA, CABS, AICPA & CIMA, and IFoA. These recognitions support students in developing industry-relevant knowledge and skills for careers in actuarial science, finance, investment, economics, and risk management
The entry requirements for the Bachelor of Science in Economics and Actuarial Science vary depending on your qualification. Typical entry requirements include:
- A-Level: BBB, including Mathematics, excluding General Studies and Critical Thinking.
- IB Diploma: Pass with 30 points overall, 15 at Higher Level, including 5 points at Higher Level in Mathematics (Analysis and Approaches or Applications and Interpretation).
- STPM: BBB, including Mathematics, excluding General Studies.
- UEC: BBBBB, (Grade B4 and above only), including Mathematics.
For other recognised qualifications or the latest entry requirements, please contact a UoSM education counsellor
Applicants are required to meet the English language requirements through one of the following recognised qualifications:
- IELTS: 6.5, minimum 6.0 in all components
- SPM CEFR: Level B2 or above
- GCSE/IGCSE (First Language): Grade C
- IGCSE (Second Language or equivalent): Grade A
- UEC: B3
For other accepted English language qualifications, please contact a UoSM education counsellor.
The tuition fees for the Bachelor of Science in Economics and Actuarial Science at the University of Southampton Malaysia are RM45,500 per annum for local students and RM52,800 per annum for international students. International student fees are subject to a 6% Sales and Service Tax (SST) in accordance with Malaysian government regulations.
Yes, the University of Southampton Malaysia offers a range of merit-based scholarships for eligible undergraduate students, including the Top Achiever, Exceptional Achiever, and High Achiever scholarships. Scholarship awards are subject to eligibility criteria and applicable terms and conditions.
For the latest information on available scholarships and eligibility requirements, please contact a UoSM education counsellor
Apply now!
Attractive scholarships and education grants are available. Terms & Conditions apply.