The programme aims to produce highly qualified graduates in actuarial science, who are equipped with the necessary skills in Mathematics, Statistics, Finance, Economics, Accounting, Law, Computing and Demographics as well as English to prepare graduates for employment in international organizations.
The curriculum has been continuously revised in order to respond to the needs of the employment market and society.
In 2013, the curriculum was developed under the guidelines of the Qualifications Framework for Thailand’s higher education system (TQF), announced by the Ministry of Education in 1999. With respect to the qualification framework, the expected learning outcomes of students consist of five domains including ethical and moral development, knowledge, cognitive skills, interpersonal skills and responsibility, and analytical and communication skills.
In 2018, the curriculum was recently developed under the guidelines of TQF and AUN-QA. The revised program plans to produce fully-equipped graduates with communication skills, collaboration skills, critical thinking skills and creative ideas which are required as important skills for the 21st century. The graduates are also expected to acquire MU graduate attributes; i.e., T-shape breadth and depth, globally talented, socially contributing and entrepreneurially minded.
The programme is accredited on a subject by subject basis by the Institute and Faculty of Actuaries (IFoA), United Kingdom, the UK professional body.
Expected Learning Outcomes
The Bachelor of Science Programme in Actuarial Science (International program) established the following programme learning outcomes (PLOs). These learning outcomes were formulated in alignment with the demand and needs of stakeholders and the vision and mission of the university. In addition, the curriculum is also developed under the guidelines of the Qualifications Framework for Thailand’s higher education system (TQF).
1. Plan and design methods to solve problems in mathematics, statistics and actuarial science by using appropriate tools.
2. Design appropriate methodology for managing risks in the context of insurance business and finance.
3. Write computer programs or use statistical analysis software to perform computation, statistical analysis or problem-solving in mathematics, statistics and actuarial science.
4. Communicate effectively mathematical and actuarial knowledge and results from statistical analysis both formal and informal contexts in English.
5. Work with others effectively and respect individual differences according to the specific role and responsibility of an actuary.
Programme Structure and Contents
The programme structure and contents are developed in alignment with the programme learning outcomes and complied with the standard of undergraduate programmes of the study announced by the Ministry of Education 2015. The programme contains 120 credits comprising general education courses (30 credits), specific education courses (84 credits), and free elective courses (6 credits).
The specific education courses include core courses, compulsory courses, and compulsory electives. The specialised focus emphasises mathematical, analytical, computer, and financial modelling skills while assessing, anticipating, and managing risk.
The curriculum is designed based on constructive alignment with the expected learning outcomes.