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Actuarial Science

The Actuarial Science specialisation provides solid and in-depth training for those who wish to pursue a career in this niche and well-respected profession. It is popular among students who possess strong analytical and numerical abilities, and have a keen interest in insurance, finance and risk management. The course is accredited by the Institute of Actuaries (UK), the only programme in Singapore to be accredited by one of the profession’s most respected bodies. On successful completion of this specialisation, you can qualify for up to eight exemptions for the Institute’s Core Technical Subjects examinations, which go towards your professional requirement to qualify as an actuary. 

Read more: Acing actuarial science one award at a time!​

More information about specialising in Actuarial Science can be found here
 

Programme Structure

The Bachelor of Business programme is made up of two main components: Core and Broadening. The Core component bridges theory with real-world practice to equip you with strong competencies in prob lem-solving and interpersonal skills that will enable you to handle unstructured, complex and strategic challenges in the business arena. Included in this are courses specific to the specialisation that you have opted for. The Broadening component, or the General Education Requirement (GER), allows you to broaden your perspectives through a course of study that is beyond your major discipline.

Minors

Opportunities for more focused interdisciplinary learning and exposure are available through the University Minor Programm e. This allows you to pursue up to 2 secondary fields of study outside of Nanyang Business School, out of a list of over 30 minors offered by other schools in the university. These include Communication Studies, Psychology, Entrepreneurship, Mathematics and Public Administration. Minor courses taken will go towards fulfilling Unrestricted Elective requirements of the General Education Requirement.

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  • CORE Common
    Common Core Courses

    AD1101 Financial Accounting

    AD2101 Management Accounting

    AB1201 Financial Management

    AB1202 Statistics & Analysis

    AB1601 Organisational Behaviour & Design

    AB1301 Business Law

    AB1501 Marketing

    AB1401 Information Technology

    AB1402 Foundational Excel

    AB3601 Strategic Management

    HW001 English Proficiency* (Required for those who have not passed or are not exempted from the Qualifying English Test for admission).
  • CORE Business
    Business Enhancement Courses

    BE1401 Business Operations & Processes

    BE2601 Management Principles, Skills & Competencies

    Choose 1 from the following:

    • AC2302 Company Law & Corporate Governance (N/A for ACBS students)
    • BE2501 International Business Environment
    • BE3201 Entrepreneurial Finance
    • BL9301 Law of Commercial Transactions
    • BL9304 Negotiation & Dispute Resolution
    • BH3604 Managing Organisational Change
    • AB9601 Negotiate to Get What You Want: Strategy and Practice
    Specialisation Core Courses

    BA2201 Actuarial Economics

    BA2202 Mathematics of Finance

    BA2203 Statistical Modeling

    BA2204 Models

    BA3201 Life Contingencies and Demography

    BA3202 Actuarial Statistics

    BA3203 Actuarial Aspects of Asset Valuation

    Additional actuarial science courses are available as unrestricted electives.

    For those students who have taken the two elective courses BA2205 Actuarial Computing and BA3204 Actuarial Management, these courses are included in the calculation of the average examination marks for granting full CT1-CT8 exemptions with effect from AY 2014-2015.
  • CORE Career & PA
    Career Foundations

    This is a set of professional development courses to enhance your readiness for the job market upon graduation. Find out more in Career Services.
    Professional Attachment

    You will be required to undergo an eight- to ten-week internship to acquire first-hand work experience, possibly even securing a job before graduation. Our strong corporate links ensure access to a wide variety of local and multinational businesses, to which you will be matched based on relevant skills and interests.
  • GER Core
    For Students Admitted in AY14 & after

    GER Core Courses

    AB0601 Communication Management Fundamentals

    AB0602 Communication Management Strategies

    AB0901 Principles of Economics

    And three of the following 1 AU course:

    • HY0001 Ethics & Academic Integrity
    • GC0001 Introduction to Sustainability: Multidisciplinary
    • ET0001 Enterprise & Innovation
    For Students Admitted in AY11 to AY13

    GER Core Courses

    AB0601 Communication Management Fundamentals

    AB0602 Communication Management Strategies

    AB0901 Principles of Economics (This course will also cover topics on Singapore Studies.)

    And choose one of the following courses on Environmental Sustainability:

    • AB0001 Sustainability: Issues, Reporting & Finance
    • AB0301 Legal & Ethical Issues in Sustainability
    • AB0402 Sustainability, Innovation & Operations
    • AB0501 Green Marketing
    • AB0502 Managing Sustainability
    • AB0603 Business Gone Green: Managerial Issues
  • GER PE
    For Students admitted in AY14 and after

    GER Prescribed Electives

    You are required to take 3 Prescribed Electives, one each from the following areas:

    • Liberal Arts
    • Science, Technology & Society
    • Business & Management:
      • AB0001 Sustainability: Issues, Reporting & Finance
      • AB0301 Legal & Ethical Issues in Sustainability
      • AB0402 Sustainability, Innovation & Operations
      • AB0501 Green Marketing
      • AB0502 Managing Sustainability
      • AB0603 Business Gone Green: Managerial Issues
    These electives, which are broadly relevant to all professions, are designed to help you understand and appreciate broader issues and trends beyond your major discipline.

    For Students admitted in AY11 to AY13

    GER Prescribed Electives

    You are required to take 3 Prescribed Electives, one each from the following areas:

    • Arts, Humanities & Social Sciences
    • Science, Technology & Society
    • Liberal Studies
    These electives, which are broadly relevant to all professions, are designed to help you understand and appreciate broader issues and trends beyond your major discipline.
  • UE
    Unrestricted electives are courses that complements the curriculum of your primary degree. Students may choose to undertake URECA, (Undergraduate Research Experience on Campus), read courses from the Nanyang Technopreneurship Center, Energetics Research Institute, National Institute of Education or any of the 4 colleges (College of Humanities, Arts, and Social Sciences, College of Engineering, College of Science and Nanyang Business School) within NTU.
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