Undergraduate Program

BS Actuarial Science & Risk Management

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Department of Accounting and Finance

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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.

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.

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

Program Objectives

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.

Internship and Career Prospects

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

Eligibility Criteria

The applicant should:

Have 45% marks in HSC or equivalent marks in A-levels, or other qualifications
Qualify the Aptitude Test and Interview

Expert Advisors From Industry

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 - ⅠⅠ

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