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BS Actuarial Science & Risk Management

Undergraduate Program

Faculty of Management Science

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Department of Accounting and Finance

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    Introduction

    The BS in Actuarial Science & Risk Management is tailored for those interested in the intersection of mathematics, statistics, and finance. This program focuses on assessing and managing risk across various sectors. Students learn to apply mathematical models to analyze financial uncertainty and develop strategies for risk mitigation. Graduates are ready for successful careers in insurance, consulting, and risk management.

    Why BS Actuarial Science & Risk Management ?

    Internships and projects: bridging academics with real-world experience.
    Second Slide
    Master the Metrics: Gain the expertise to tackle complex financial risks with precision and insight.
    Future-Proof Your Career: Unlock diverse, high-demand opportunities in finance and insurance with strong earning potential.
    First Slide
    Advanced Assessment Mastery: Master tools and techniques like Monte Carlo simulations, stress testing, and scenario analysis for precise, data-driven risk evaluations and real-time monitoring.

    about program

    • To equip students with the mathematical, statistical, and analytical skills necessary for assessing and managing risk.
    • To provide an understanding of financial theories and their application to insurance and risk management.
    • To prepare students for professional actuarial examinations and careers in insurance, consulting, and financial risk management.
    • To develop critical thinking and problem-solving abilities specific to financial uncertainty and risk analysis.
    • Insurance & Takaful
    • Enterprise Risk Management
    • Financial Risk Management
    • Pension and Retirement Planning
    • Insurance Underwriter
    • Pension Analyst
    • Actuarial Consultant
    • Risk Consultant
    • Enterprise Risk Manager
    • Data Scientist
    • Credit Risk Analyst
    • Health Actuary
    • Insurance Companies
    • Consulting Firms
    • Asset Management Companies
    • Brokerage Firms
    • Healthcare Organizations
    • Banks and Financial Institutions
    • Government Agencies

    The applicant should:

    • Have 45% marks in HSC or equivalent marks in A-levels, or other qualifications
    • Qualify the Aptitude Test and Interview
    • Seasoned actuaries, risk management professionals, financial analysts, consultants, and academic experts who guide students’ professional growth, ensuring they are well-prepared for job placements and entrepreneurial opportunities.
    • Shape the future of industries such as insurance, financial services, risk assessment, actuarial consulting, and enterprise risk management, influencing the curriculum and providing practical insights to bridge the gap between industry and academia.

    Scheme of Study (Semester Wise)

    • Duration: 4 Years
    • Semesters: 8
    • Credit Hours: 137

    1st Year
    Semester - Ⅰ
    Course Code Course Title Credit Hours
    CSC106 Introduction to Computer Applications 2+1
    ENG101 Functional English 2+1
    ACC101 Introduction to Accounting 2+1
    MGT101 Principles of Management and Leadership 3+0
    MTH107 Business Mathematics 3+0
    Total Credit Hours 15
    Semester - ⅠⅠⅠ
    Course Code Course Title Credit Hours
    ECO102 Microeconomics 3+0
    MTH108 Calculus with Application 3+0
    MKT101 Principles of Marketing 3+0
    ACC106 Financial Accounting and Corporate Reporting 2+1
    IST102 Islam and World Religions 2+0
    HUM101 Foundations of Human Behavior 3+0
    Total Credit Hours 17
    Summer Semester
    Course Code Course Title Credit Hours
    IIP100 Industry Immersion Project I (Community Service) 0+2
    Total Credit Hours 2
    2nd Year
    Semester - ⅠⅠⅠ
    Course Code Course Title Credit Hours
    ENG105 Presentation and Communication Skills 3+0
    ACT201 Probability and Statistics – I 3+0
    FIN206 Introduction to Finance 3+0
    PST101 Pakistan Studies 2+0
    ACT203 Introduction to Actuarial Science 3+0
    XXXx Natural Science (Elective) 3+0
    Total Credit Hours 17
    Semester - ⅠⅤ
    Course Code Course Title Credit Hours
    FIN204 Financial Management 3+0
    ECO203 Macroeconomics 3+0
    PDV203 Arts & Literature 2+0
    ACT204 Probability and Statistics – II 2+1
    RM201 Insurance Products and Practices 3+0
    RM202 Principles of Risk Management 3+0
    Total Credit Hours 17
    Summer Semester
    Course Code Course Title Credit Hours
    IIP200 Industry Immersion Project II (Corporate) 0+3
    Total Credit Hours 3
    3rd Year
    Semester - Ⅴ
    Course Code Course Title Credit Hours
    FIN302 Financial Institutions and Markets 3+0
    ENG306 Applied Business Communication 3+0
    FIN409 Derivatives and Risk Management 3+0
    RM301 Takaful and Islamic Risk Management 3+0
    FTE202 Introduction to Fintech 3+0
    Total Credit Hours 15
    Semester - ⅤⅠ
    Course Code Course Title Credit Hours
    RM302 Financial Risk Management - I 3+0
    MGT304 Business Research Methods 2+1
    FIN314 Regulation for Insurance and Actuarial Science 3+0
    RM303 Data Analytics for Risk Management 2+1
    RM304 Insurtech and RiskTech 2+1
    FIN315 Financial Econometrics 2+1
    Total Credit Hours 18
    4th Year
    Semester - ⅤⅠⅠ
    Course Code Course Title Credit Hours
    FIN412 Financial Mathematics 3+0
    ACT402 Actuarial Models 2+1
    RM401 Financial Risk Management - II 3+0
    RM402 Programming for Risk Management 2+1
    TBA ELP/FYP-I 0+3
    Xxxx Elective I 3+0
    Total Credit Hours 18
    Semester - ⅤⅠⅠⅠ
    Course Code Course Title Credit Hours
    MGT406 Business Strategy 3+0
    FIN413 Institutional Wealth Management 3+0
    TBA ELP/FYP-II 0+3
    Xxxx Elective II 3+0
    Xxxx Elective III 3+0
    Total Credit Hours 15

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