Bachelor of Science (Honours) in Actuarial Science (63020)
Programme Code
63020
Mode of Study
Part-time
Normal Duration
3 years
Required for Awards
63 credits
Programme Aim and Objective
To allow students to develop a solid understanding in and appreciation of actuarial science and insurance industry in general.
To better nurture students' abilities as actuarial professionals who can cope with problems arising from rapidly changing business environment, e.g. pricing of various tailor made securities, assessing different financial risks, optimizing returns of diverse funds including pension and sinking funds.
To prepare students for the first four examination papers which are jointly organized by the Casualty Actuarial Society (CAS) and the Society of Actuaries (SOA).
This programme is particularly suitable for graduates with a Higher Diploma or Associate Degree or equivalent in the mathematical sciences or related areas, who are acquainted with good background in mathematics, statistics and financial knowledge and wish to pursue an actuarial career in insurance and/or its related financial sectors.
Programme Structure
Stage One Subjects: Calculus; Probability and Distributions; Linear Algebra; Theory of Interest; Mathematical Models for Risk Management.
Stage Two Subjects: Applied Probability Models; Further Calculus; Life Contingencies I; Life Contingencies II; Risk Theory; Statistical Inference.
Stage Three Subjects: Survival Analysis and Loss Models; Case Study I; Forecasting and Applied Time Series Analysis; Credibility Theory; Financial Modelling.
Elective Subjects: Accounting for Decision Making; Business Accounting; Microeconomics; Macroeconomics; Finance, Applied Statistical Methods; Econometrics; Decision Analysis; Simulation; Case Study II.
Entrance Requirement
A Higher Diploma or an Associate Degree in Mathematics, Statistics, Science, Engineering, Accountancy or a Business Discipline from PolyU or equivalent
Holders of the following qualifications may be granted credit transfer: • A Higher Diploma in Mathematics, Statistics and Computing or Statistics and Computing for Business from PolyU • A Post-experience Diploma/Associateship in Applied Statistics from PolyU • A Higher Diploma in Applied Statistics and Computing from the Hong Kong Institute of Vocational Education (IVE)
Career Prospect
Employment in areas such as insurance, investment banking, regulatory bodies, casino enterprise management and other related financial industries.
• This programme is included in the list of reimbursable courses for Continuing Education Fund (CEF). • This programme covers the syllabuses of the first four examination papers that are jointly organized by the Casualty Actuarial Society (CAS) and the Society of Actuaries (SOA).
