Program structure
Program content
This 3.5-year programme trains students towards the actuarial profession, which is the analytical backbone of our society’s financial security systems. This profession is heavily represented in the financial services sector, including insurance companies, commercial banks, investment firms, and pension fund agencies.
With us, you will be cultivating the following skills:
Plan and design procedures for solving problems in mathematics, statistics, and actuarial science using appropriate methods.
Devise practical measures for managing risks in the context of insurance and finance, in accordance with the objectives and professional ethics of actuaries.
Use statistical softwares and programming languages to perform sophisticated calculations, statistical analysis, and make inferences and predictions.
Master social intelligence, and communicate in English effectively.
Program structure
This section shows the program structure for students who choose to spend the entire 3.5 years at Mahidol University. Details on obtaining the dual degree can be found on the Curtin University webpage.
Students enrolling in 2023 and later require at least 120 credits to graduate with a BSc Actuarial Science degree from Mahidol University. The credit structure is as follows:
Students need to complete 30 credits of general education courses. Minimum credits for each of the following categories are also required.
| Category | Minimum credit requirements |
| Social Sciences and Humanities | 2 |
| Languages | 2 |
| Science and Mathematics | 2 |
Students need to complete 84 credits of specific courses. Minimum credits for each of the following categories are also required.
| Category | Minimum credit requirements |
| Core courses | 43 |
| Specific courses | 35 |
| Major elective courses | 2 |
Students need to complete 6 credits of free elective courses.
Recommended Study Plan
One academic year consists of 2 regular semesters (16 weeks each). Students can complete the B.Sc. in Actuarial Mathematics within 3.5 years, according to the recommended study plan below.
Semester I
| Code | Course title | Credits |
| SCSL 132 | English for Mathematics and Science I | 3 |
| SCGI 134 | Internet of Things and Big Data | 3 |
| SCGI 136 | Technology in Daily Life | 3 |
| SCMA 130 | Mathematics I | 3 |
| SCMA 135 | Statistical Data Analysis I | 3 |
| SCGI 139 | Science Communications | 3 |
| SHHU 190 | Professional Code of Ethics | 3 |
Semester II
| Code | Course title | Credits |
| SCSL 133 | English for Mathematics and Science II | 3 |
| SCMA 131 | Mathematics II | 3 |
| SCMA 136 | Statistical Data Analysis II | 3 |
| SCMA 138 | Principles of Acturial Science | 3 |
| SCGI 138 | Introduction to Business Software | 3 |
| SCGI 137 | Critical Thinking through Current Moral Issues | 3 |
| SHHU 192 | Rhetoric for Leadership | 3 |
Semester I
| Code | Course title | Credits |
| LAEN 341 | Situational-based Communications English | 3 |
| SCMA 139 | Principles of Insurance | 3 |
| SCMA 230 | Linear Algebra | 3 |
| SCMA 235 | Statistical Data Analysis III | 3 |
| SCMA 249 | Computer Programming in Actuarial Science | 3 |
| SCMA 328 | Accounting | 3 |
| SCMA xxx | Elective Course (Optional, Year 2–3) | 3 |
| SCMA xxx | Free Elective Course (Optional, Year 2–3) | 3 |
Semester II
| Code | Course title | Credits |
| SCGI 135 | Decentralised Finance | 3 |
| SCMA 236 | Experimental Design and Analysis | 3 |
| SCMA 238 | Microconomics | 3 |
| SCMA 330 | Theory of Interest | 3 |
| SCMA 335 | Mathematical Statistics | 3 |
| SCMA xxx | Elective Course (Optional, Year 2–3) | 3 |
| SCMA xxx | Free Elective Course (Optional, Year 2–3) | 3 |
Semester I
| Code | Course title | Credits |
| SCMA 336 | Statistical Modeling | 3 |
| SCMA 337 | Stochastic Processes | 3 |
| SCMA 338 | Macro Economics | 3 |
| SCMA 339 | Principles of Finance | 3 |
| SCMA xxx | Elective Course (Optional, Year 2–3) | 3 |
| SCMA xxx | Free Elective Course (Optional, Year 2–3) | 3 |
Semester II
| Code | Course title | Credits |
| SCMA 428 | Analytics for Observational Data | 3 |
| SCMA 430 | Life Contingencies I | 3 |
| SCMA 435 | Survival Analysis | 3 |
| SCMA 438 | Investment Science I | 3 |
| SCMA xxx | Elective Course (Optional, Year 2–3) | 3 |
| SCMA xxx | Free Elective Course (Optional, Year 2–3) | 3 |
Semester I
| Code | Course title | Credits |
| SCMA 459 | Investment Science II | 3 |
| SCMA 470 | Risk Analysis and Credibility | 3 |
| SCMA 477 | Life Contingencies II | 3 |
| SCMA 479 | Survival Analysis | 3 |
LIST OF ELECTIVE COURSE
| Code | Course title | Credits |
| SCMA 294 | Special Topics in Actuarial Science II (Loss reserving) | 3 |
| SCMA 296 | Special Topics in Insurance II (Actuarial Work for Social Security) | 3 |
| SCMA 393 | Special Topics in Actuarial Science III (Introduction to Applied Actuarial Methods in Business) | 3 |
| SCMA 293 | Special Topics in Actuarial Science I (Management and International Business) | 3 |
| SCMA 394 | Special Topics in Actuarial Science IV (Ratemaking) | 3 |
| SCMA 295 | Special Topics in Insurance I (Introduction to Data Science in Non-Life Insurance) | 3 |
| SCIM 204 | Operations Research | 3 |
| SCIM 252 | Database Management | 3 |
Key information
- Duration: 3.5 years
- Location: Phyathai Campus
- Next intake: August 2026
