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Bachelor of Science
Economics and Actuarial Science

Get up to 100% scholarships when you apply today!

Assess risk and uncertainty
using mathematical and statistical methods


Bachelor of Science Economics and Actuarial Science

Course Code: JPT(N/314/6/0060) 01/26 MQA/PA14229
Duration: 3 Years
Intake: September
Delivery Model: Full time (3+0) in Malaysia OR
spend up to two years in the UK (2+1 and 1+2)


Actuarial science uses mathematical and statistical methods to assess risk and uncertainty. Actuaries are essential in industries such as insurance and finance. You’ll study core modules in microeconomics, macroeconomics and quantitative methods. Optional modules will let you shape your studies around your interests or career plans. These include international trade, survival models or public economics.

Why Study This Course

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Quality education at affordable fee. Save up to 60% of the cost when you complete your degree in Malaysia
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Pathway to the UK*. Complete your Southampton degree either in Malaysia or in the UK (1+2 or 2+1 options are available)
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Rewarding scholarships and education grants.

Course Structure

Year 1 will expose you to the foundation in Mathematics and statistical techniques such as optimisation and hypothesis testing. You will also study Macroeconomics to learn about measures of GDP, inflation and unemployment, and concepts used in Microeconomics. You will deepen your understanding in Economics in Year 2 by studying both Macroeconomics and Microeconomics alongside Econometrics and Applied Statistics. In your final year, you can choose to write a dissertation in an economics or demography topic of your choice.

  • Mathematics for Economics
  • Foundations of Microeconomics
  • Principles of Microeconomics
  • Economics with Data
  • Principles of Macroeconomics
  • Quantitative Modelling in Economics
  • Statistics for Economics
  • Economics Skills and Employability
  • Economics with Experiments
  • Linear Algebra
  • Economics Skills and Employability 
  • Econometric Theory
  • Financial Mathematics
  • Intermediate Macroeconomics
  • Intermediate Microeconomics
  • ECON Dissertation: Prelim Info
  • Econometrics with Big Data

Optional modules:

  • Accounting and Finance for Non-specialists
  • Stochastic Processes
  • Industrial Economics
  • Topics in Macroeconomics


  • Economics Skills and Employability 
  • Dissertation: Research Project
  • Dissertation: Research Topic
  • Dissertation: Literature Review
  • Project/ Dissertation

Optional modules:

  • Actuarial Mathematics
  • Survival Models
  • Principles of Finance
  • Topics in Macroeconomics
  • Mathematical Finance
  • Statistical Methods in Insurance
  • Macroeconomic Policy
  • Public Economics

University of Southampton degrees are highly valued by employers and studying at both our Malaysia and Southampton Campuses will equip you with the skills to operate globally.

Our economics and actuarial science degree will open up a wide range of career options including:

  • Economists
  • Actuaries
  • Statisticians
  • Investment analysts
  • Financial advisers
  • Accountants
  • Business analysts
  • Marketing professionals

Southampton Business School graduates have secured roles in organisations including:

  • Deloitte
  • Ernst & Young (EY)
  • PricewaterhouseCoopers (PwC)
  • Proctor & Gamble
    Times Group

Malaysian student:

  • RM40,900 per annum

International student:

  • RM47,450 (£8,627) per annum

We offer up to 100% scholarships. Chat with our counsellors to understand your options.

AAA with A in Mathematics; or AAB with A in Mathematics and B in Further Mathematics

36 points overall, 18 at Higher Level, including 6 points from Higher Level Mathematics

AAB with A in Mathematics

AAAAA with A in Mathematics; or AAAAB with A in Mathematics and B in Advanced Mathematics

Monash University Foundation Year
70% pass overall

Other Foundation Years will be considered on a case by case basis

Applicants must hold SPM/GCSE Mathematics at grade B/6

English language qualifications
Band B (IELTS 6.5 overall, with a minimum of 6.0 in all components or GCE O-Level (1119 Grade C))

The University of Southampton Malaysia accepts various English Language Tests, to read more: https://www.southampton.ac.uk/studentadmin/admissions/admissions-policies/language.page

Our typical entry requirements may subject to change. If you are unsure about your qualification or results, please contact our professional team of counsellors, or speak to your school’s guidance counsellors.

Apply now to enjoy RM5,000 grant!

Available on a first come, first served basis.

Have more questions? Let us help you.

    The university collects information about its students for various academic, administrative, health and safety reasons. The information is processed in accordance with the Malaysian Personal Data Protection (PDP) Act 2010, and is disclosed to third parties only with the individual’s consent or to meet statutory obligations. The information provided on this application form will be stored electronically and used for administrative purposes only by the University.

    2019 SHABBIR Zain cropped scaled

    The University of Southampton is an incredible place to study, with amazingly talented, approachable lecturers and teaching assistants who care about you succeeding in your degree. My degree allowed me to keep as many doors open as possible for me to decide what I would like to do as a career.

    Zain-A-Hasnain Shabbir
    BSc Economics and Actuarial Science
    University of Southampton

    Our academics

    Dr. Md Hamid Uddin
    Dr. Md Hamid UddinHead of Business Programmes
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    Assoc. Professor Dr. Md Hamid Uddin received his Ph.D. degree in Finance from the National University of Singapore and taught at the same institution. He also taught at the University of Dhaka, Prince Sultan University, the University of Sharjah, and Taylor's University before joining the University of Southampton Malaysia. Dr. Hamid held several key administrative roles in the past. For example, he was the Director of the Doctoral Programme at Taylor's University Malaysia. At the University of Sharjah UAE, he was a member of the college council for the College of Business Administration; he also served in several important committees such as curriculum development, study plans, and academic research. Dr. Hamid is an active researcher who supervised several Ph.D. students, implemented research projects, and published widely within the broader disciplinary area covering Finance, Accounting, and Economics.
    Dr. Joe Ying Tuan Lo
    Dr. Joe Ying Tuan LoAssistant Professor , Business Management Lecturer
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    Dr. Joe Lo Ying Tuan is an Assistant Professor at the University of Southampton Malaysia. His research interests are in the area of service quality, relationship marketing, branding, and emotions, where his papers are published in peer-reviewed international journals. Joe holds a first-class honours degree in Marketing from University Teknologi Malaysia, at which he later attained his PhD in Management. Prior to joining the University of Southampton, he taught a range of business management and marketing subjects at Sunway College Johor Bahru and Victoria University. He is also a member of the Malaysian Institute of Management (MIM), Institute of Marketing Malaysia (IMM), and a member of The Global Inside Sales.
    Dr Teck Chai Lau
    Dr Teck Chai LauAssociate Professor , Business Management Lecturer
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    Dr. Lau Teck Chai is an Associate Professor with Southampton Business School. Previously he was an Associate Professor at the Faculty of Accountancy and Management, Universiti Tunku Abdul Rahman. He obtained his BSc in Business Administration (Decision Science and Financial Management) from University of Montana, USA, MBA (Strategic Management) from Universiti Teknologi Malaysia (UTM) and Doctor of Business Administration (Marketing) from Southern Cross University, Australia. In Universiti Tunku Abdul Rahman, he had served as Coordinator, Head of Programme (PhD and MPhil), Head of Programme (MBA and MBA (Corporate Governance)), Head of Department (Management) and Head of Department (International Business). Dr. Lau is a prolific researcher and had published extensively in books, book chapters, international journals and conference proceedings. Many of the published papers are indexed in Clarivate Analytics and SCOPUS, and widely cited internationally.