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Bachelor of Science Program in Actuarial Science (International Program)


Program Title

Bachelor of Science Program in Actuarial Science (International Program)

Name of Degree

Bachelor of Science (Actuarial Science)
B.Sc. (Actuarial Science)

Responsible Unit
  1. Department of Mathematics, Faculty of Science, Mahidol University
  2. Department of Mathematics, Curtin University, Australia
Philosophy

This programme will train a student to be an actuary who is the analytical backbone of our society’s financial security systems, more heavily represented in the financial service sector, including insurance companies, commercial banks, investment banks and retirement fund agencies.

Objectives of the Program
  1. To provide 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 the graduates for employment in international organizations.
  2. To prepare the graduates for employment as financial advisors in commercial organizations involving insurance, superannuation funds, banks, other financial institutions and government agencies.
  3. To produce graduates with social responsibility, leadership, ethics, who apply their knowledge for the benefit of humankind.
  4. To support economic growth, and enhance the country’s competitive capability in the financial world.
  5. To produce graduates with extensive knowledge in actuarial systems in Thailand and at the international level. Students who complete their study at Curtin University, Australia, will gain experience and have knowledge from curriculum recognized by the Institute of Actuaries of Australia.
Admission Requirements
  1. A candidate must hold a high-school (Grade 12) diploma or its equivalence.
  2. A candidate is required to pass an entrance examination which is a mathematics paper constructed by the Department of Mathematics, Faculty of Science, Mahidol University.
  3. A candidate should have a good command of the English language. The candidate either takes an English language test to meet the requirements as specified by the Department of Mathematics, Faculty of Science, Mahidol University or has a TOEFL score of not less than 500 on the paper test (173 on computerized test) or the equivalence within the past 2 years of the admission date.
Selection Procedure

The selection method is a special selection process, with a written examination and/or an interview, set forth by the Faculty of Science, Mahidol University. The final judgment will be under consideration of the committee of the programme and the Faculty of Science.

Educational System
  1. An academic year is run under Mahidol University semester system composed of two regular semesters (16 weeks) and a summer semester (6 weeks).
  2. A student must enroll and complete all the requirements of the Bachelor of Science Programme in Actuarial Science (International Program) in order to qualify for the degree.
  3. A student who selects to obtain the double degrees must meet requirements as specified in the Student Articulation Principal Agreement between Curtin University and Mahidol University. In general, a student will take courses following the study plan and spends the first 5 regular semesters consecutively at Mahidol University, then studies at Curtin University for the last 3 regular semesters consecutively.
Duration of Study

No less than 3 years, no more than 8 years.

Program of Study
  1. Total of 120 credits are required for graduation.
  2. Program structure:
  3. Subject Credits
    a.

    Education Courses

    30

     

     

     

    Languages

    Basic Science/Mathematics

    Social Science/Humanity

    8

    18

    4

    b. Specific Education Courses 84
     

    Core Courses

    Compulsory Courses

    Compulsory E lectures

    43

    35

    6

    c. Free Elective 6
    Total 120
Registration

A student is required to register for a full – time study of no more than 23 credits each regular semester and no more than 8 credits in the summer semester.

Evaluation and Graduation Requirements

1.  Evaluation

For the courses taken at Mahidol University, students’ evaluation is in accordance with the rules and regulations of Mahidol University.

For the courses taken at Curtin University, students’ evaluation is in accordance with the rules and regulations of Curtin University. Some courses in Curtin University are equivalent to Mahidol University courses. Assessment results will be shown by the same grades and symbols as Mahidol University.

2.  Graduation Requirements

  • The duration of study must not exceed 8 academic years.
  • A Student must pass the subjects in accordance with the program curriculum which has the minimum requirements of the 120 credits including;
    • a minimum of 30 credits of general education courses
    • a minimum of 84 credits of specific education courses
    • a minimum of 6 credits of free elective courses
  • A student must have a minimum grade point average of 2.00 (out of 4.00 grade point system) at the completion of the program.

3.  A student will obtain the double degrees from Mahidol University and Curtin University, provided the student meets requirements as specified in the Student Articulation Principal Agreement between Curtin University and Mahidol University and passes all education requirements.

4.  A student who carries out his or her studies entirely at Mahidol University will obtain a degree from Mahidol University only, provided the student passes all education requirements.

5.  In the case that the student who chooses to obtain the double degrees does not complete satisfactorily all the required courses within the 3 semesters at Curtin University, the student can choose to continue his or her studies at Mahidol University. However, the student will obtain a degree from Mahidol University only, provided the student completes all the required courses and passes all graduation requirements. In this case, Mahidol University awards all academic records obtained during the study at Curtin University.

Academic Staff

1.  Designated Permanent Lecturers

Name Title Degree
Lenbury, Yongwimon Professor Ph.D. (Mathematics), Vanderbilt University, U.S.A.
Phewchean, Nattakorn Lecturer M.S.(Actuarial Science), Boston University, U.S.A.
Suwandechochai, Rawee Lecturer Ph.D.(Industrial and Systems Engineering), Virginia Tech, U.S.A.
Tiensuwan, Montip Associate Professor Ph.D.(Applied Statistics), The University of Western Australia, Australia
Tumrasvin, Nardtida Associate Professor M.S.(Applied Mathematics), Northwestern University, U.S.A.
Wiwattanapataphee, Benchawan Associate Professor Ph.D.(Applied Mathematics), Curtin University, Australia

 

2.  Permanent Lecturers

Name Title Degree
Huabsomboon, Pallop Lecturer Ph.D.(Computational and Applied Mathematics), Old Dominion University, U.S.A.
Jumpen, Wannika Lecturer Ph.D.(Mathematics), Mahidol University, Thailand
Maneesawarng, Chaiwat Assistant Professor Ph.D. (Mathematics), University of Illinois at Urbana-Champaign, U.S.A.
Novaprateep, Boriboon Lecturer Ph.D. (Computational and Applied Mathematics), Old Dominion University, U.S.A.
Orankitjaroen, Somsak Lecturer Ph.D.(Applied Mathematics and Statistics ), SUNY at Stony Brook, U.S.A.
Poulter, Julian Professor Ph.D.(Physics), University of Exeter, England
Rattanakul, Chontita Assistant Professor Ph.D.(Mathematics), Mahidol University, Thailand
Sarika, Warunee Lecturer Ph.D.(Mathematics), Mahidol University, Thailand
Satiracoo, Pirote Lecturer Ph.D. (Mathematics), University of Warwick UK
Siwadune, Taweeratana Associate Professor M.A.S.(Applied Statistics), The Ohio State University, U.S.A.
Tangboondouangjit, Aram Lecturer Ph.D.(Mathematics), University of Maryland at College Park, U.S.A.
Wattananon, Boonmee Assistant Professor Ph.D.(Mathematics in Operations Research), Curtin University, Australia

 

3.  Special Lecturers

Name Title Degree
Clayton, Gareth Professor Ph.D. (Applied Statistics), Monash University, Australia
O.Edwards, Kenneth Lecturer M.S. (Applied Mathematics), Colorado State University, U.S.A.
Prakobphol, Walapa Associate Professor M.S. (Actuarial Science) University of Iowa, U.S.A.
Sujaritkul, Saranya Assistant Professor M.S.(Applied Statistics) National Institute of Development Administration, Thailand

Note : Special Lecturers will be invited to provide lectures and talks, and share their experiences with the students. The speakers who are specialists in their respective fields will be from both the government and private sectors, and from other universities.
 

4.  Programme Co-ordinators from Curtin University

Name Title Degree
Bowman, Kevin Associate Professor Ph.D., University of Wollongong, Australia
Wong, Adrian Associate Professor B.Sc., FIA(London), FIAA
Wu, Hong Yong Professor B.Sc., MBA, FIA, FIAA

 


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