Bsc
4 Years +1 prep required
Apply through qabool.kfupm.edu.sa
To be Announced
To be Announced
To be Announced
Find out how this program aligns to the UN Sustainable Development Goals, including learning which relates to:
Goal 3: Good Health And Well-Being
Goal 4: Quality Education
Goal 8: Decent Work And Economic Growth
Actuarial Science and Financial Mathematics program manages risk in the financial and government sector and industries. The curriculum particularly focuses on analyzing risk data and making informed decisions from it. It is a multidisciplinary study that combines four major areas (Mathematics, Statistics, Finance, and Insurance) into one.
A graduate of the program is able to contribute to all areas of Saudi Arabian and international financial sectors as well as government sectors where the objective of minimization of risk is the main daily focus.
The objective of the BS program in Actuarial Science and Financial Mathematics is to prepare students for a career as an actuary or financial risk manager. In addition, the program also prepares the students for international professional society examinations. The program has a good balance of theory, applications and data analysis, as well as carefully selected sequences of courses from computer science, economics, accounting, mathematics, statistics, finance, and risk management. This interdisciplinary approach is meant to make the program flexible and give the students a broad based education. The program also prepares students for further graduate study in any area of Applied Mathematics, Statistics, Actuarial Science, Finance, or Business.
The 17 United Nations Sustainable Development Goals (SDGs) drive global action on humanity's pressing challenges. At KFUPM, we actively engage in SDG-focused research and partnerships with our students.
Through our innovative research, we equip all graduates to address crucial global challenges. Explore the SDGs our courses address, illustrating how our teaching empowers you.
Ensure healthy lives and promote well-being for all at all ages
Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all
Promote sustained, inclusive, and sustainable economic growth, full and productive employment, and decent work for all
Department Mathematics Department
SAT Track
This admission track allows local and international students who have scored 1350 or above in the SAT exam to apply for enrollment. No Achievement Test (Tahsili) or General Aptitude Test (Qudurat) is required.
SAT |
1350 or above |
Qudurat |
Not required |
Tahsili |
Not required |
Admission Requirements:
Early Admission Track
The Early Admissions Track serves as an entry point for students in their final year of high school who want to jumpstart their university journey.
Admission Requirements:
Regular Admission Track
The admission for this track depends on the comparison between applicants based on the weighted score, which is calculated in the following way:
Qudurat |
50% |
Tahsili |
40% |
High School Grade |
10% |
The admission scores will be announced following the release of the second Achievement Test (Tahsili) results.
Admission Requirements:
Olympiad winners Admissions Track
The Science Olympiad Track is a specialized admission pathway for students with exceptional aptitude and achievement in science competitions.
Admission Requirements:
Competition Name |
Code |
Asia-Pacific Informatics Olympiad |
APIO |
International Olympiad in Informatics |
IOI |
International Mendeleev Chemistry Olympiad |
IMChO |
International Chemistry Olympiads |
IChO |
Asian Physics Olympiad |
APhO |
European Physics Olympiad |
EuPho |
International Physics Olympiad |
IPhO |
European Girls' Mathematical Olympiad |
EGMO |
Asian Pacific Mathematical Olympiad |
APMO |
International Mathematical Olympiad |
IMO |
Balkan Mathematical Olympiad |
BMOS/BMOC |
Junior Balkan Mathematical Olympiad |
JBMO |
Nordic-Baltic Physics Olympiad |
NBPhO |
International Junior Science Olympiad |
IJSO |
International Science and Engineering Fair |
ISEF |
International Biology Olympiad |
IBO |
European Girls' Olympiad in Informatics |
EGOI |
For more information about the Olympiad admissions track, please visit the website:
SkipPrep
KFUPM cares about its students and likes to expedite their academic journey by focusing only on activities that are essential to their journey. Many bright students do not need the Prep Year or need only a part of it, hence the introduction of the SkipPrep program. The objective of this program is to help KFUPM students bypass or skip all or the majority of the Preparatory Year.
For detailed information about how to apply for SkipPrep, please visit: Guide to SkipPrep
Saudi Nationals
|
No fees are charged |
Non-Saudi (local) |
10,000 SAR per academic year 5,000 SAR | 2,666 USD per semester |
Scholarships/sponsorships
KFUPM is committed to attracting and supporting the very best students. We have a focus on nurturing talent and ability and we want to make sure that you have the opportunity to study here, regardless of your financial circumstances.
For information about scholarships and bursaries please visit our undergraduate student finance pages.
Admission Procedures
Important Notes
General Studies Requirements |
|||||
Title | Courses | Credit Hours | |||
---|---|---|---|---|---|
English | ENGL 101, 102, 214 | 9 | |||
Islamic & Arabic Studies | IAS 111, 121, 212, xxx | 8 | |||
Global Studies | GS xxx | 3 | |||
Career Essentials | CGS 392 | 1 | |||
Physical Education | PE 101 | 1 | |||
Total | 22 | ||||
Digital/Business Foundation |
|||||
Title | Courses | Credit Hours | |||
Intro. to Programm. in Python & C | ICS 104 | 3 | |||
Introduction to Data Science | ISE 291 | 3 | |||
Intro. to Artificial Intelligence | COE 292 | 3 | |||
Business & Entrepreneurship | BUS 200 | 3 | |||
Total | 12 | ||||
Math & Science Requirements |
|||||
Title | Courses | Credit Hours | |||
Math | MATH 101, 102, 201, 208 | 14 | |||
Total | 14 | ||||
Economics & Accounting |
|||||
Title | Courses | Credit Hours | |||
Accounting | ACCT 110, 210 | 6 | |||
Economics | ECON 101, 102 | 6 | |||
Total | 12 | ||||
Core Requirements |
|||||
Title | Courses | Credit Hours | |||
Mathematics of Financial Derivatives | AS 251 | 3 | |||
Actuarial Science Problem Lab | AS 289, 389 | 2 | |||
Actuarial Contingencies | AS 380, 481 | 7 | |||
Actuarial Risk Theory and Credibility | AS 484 | 4 | |||
Financial Management | FIN 250 | 3 | |||
Investments | FIN 320 | 3 | |||
Islamic Finance | FIN 440 | 3 | |||
Intro. to Numerical Computing | MATH 371 | 3 | |||
Statistical Methods for Actuaries | STAT 214 | 4 | |||
Introduction to Probability Theory | STAT 301 | 3 | |||
Statistical Inference | STAT 302 | 3 | |||
Regression Analysis | STAT 310 | 3 | |||
Stochastic Processes for Actuaries | STAT 416 | 3 | |||
Time Series | STAT 460 | 3 | |||
Financial Mathematics | AS 201 | 3 | |||
Total | 50 | ||||
Electives |
|||||
Title | Courses | Credit Hours | |||
Technical Elective | One Course from STAT xxx, MATH xxx, FIN 3/4xx, ICS xxx, or ISE xxx | 3 | |||
AS Electives | Two AS xxx Courses from AS 450, 460, 476, 490, 491, STAT 436 | 6 | |||
Total | 9 | ||||
Internship |
|||||
Title | Courses | Credit Hours | |||
Internship | AS 398 | 6 | |||
Total | 6 | ||||
Total Credit Hours: 125 |
FreshmanSemester 1 |
|||||
Course | Title | LT | LB | CR | |
---|---|---|---|---|---|
ECON 101 | Principles Of Microeconomics | 3 | 0 | 3 | |
ENGL 101 | Introduction to Academic Discourse | 3 | 0 | 3 | |
ACCT 110 | Introduction to Financial Accounting | 3 | 0 | 3 | |
IAS 121 | Language Foundation | 2 | 0 | 2 | |
MATH 101 | Calculus I | 4 | 0 | 4 | |
PE 101 | Health & Physical Education I | 0 | 2 | 1 | |
Total | 15 | 2 | 16 | ||
FreshmanSemester 2 |
|||||
Course | Title | LT | LB | CR | |
ECON 102 | Principles of Macroeconomics | 3 | 0 | 3 | |
ENGL 102 | Introduction to Argument Writing | 3 | 0 | 3 | |
ACCT 210 | Introduction to Managerial Accounting | 3 | 0 | 3 | |
IAS 111 | Belief and its Consequences | 2 | 0 | 2 | |
MATH 102 | Calculus II | 4 | 0 | 4 | |
ICS 104 | Introduction to Programming in Python and C | 2 | 3 | 3 | |
Total | 17 | 3 | 18 | ||
SophomoreSemester 1 |
|||||
Course | Title | LT | LB | CR | |
BUS 200 | Business & Entrepreneurship | 3 | 0 | 3 | |
AS 201 | Financial Mathematics | 3 | 0 | 3 | |
ISE 291 | Introduction to Data Science | 3 | 0 | 3 | |
IAS 212 | Ethics and Governance | 2 | 0 | 2 | |
MATH 201 | Calculus III | 3 | 0 | 3 | |
STAT 214 | Actuaries and Business Statistics | 3 | 2 | 4 | |
Total | 17 | 2 | 18 | ||
SophomoreSemester 2 |
|||||
Course | Title | LT | LB | CR | |
FIN 250 | Financial Management | 3 | 0 | 3 | |
AS 289 | Actuarial Science Problem Lab I | 0 | 2 | 1 | |
AS 251 | Maths of Financial Derivatives | 2 | 2 | 3 | |
MATH 208 | Introduction to Differential Equations & Linear Algebra | 3 | 0 | 3 | |
STAT 301 | Introduction to Probability Theory | 3 | 0 | 3 | |
ENGL 214 | Academic & Professional Communication | 3 | 0 | 3 | |
Total | 14 | 4 | 16 | ||
JuniorSemester 1 |
|||||
Course | Title | LT | LB | CR | |
FIN 320 | Investments | 3 | 0 | 3 | |
AS 380 | Actuarial Contingencies I | 2 | 2 | 3 | |
MATH 371 | Introduction to Numerical Computing | 2 | 2 | 3 | |
CGS 392 | Career Essentials | 0 | 2 | 1 | |
STAT 302 | Statistical Inference | 3 | 0 | 3 | |
STAT 310 | Regression Analysis | 3 | 0 | 3 | |
Total | 13 | 6 | 16 | ||
JuniorSemester 2 |
|||||
Course | Title | LT | LB | CR | |
AS 398 | Internship | 0 | 0 | 6 | |
Total | 0 | 0 | 6 | ||
SeniorSemester 1 |
|||||
Course | Title | LT | LB | CR | |
STAT 416 | Stochastic Processes for Actuaries | 3 | 0 | 3 | |
AS 389 | Actuarial Science Problem Lab II | 0 | 2 | 1 | |
AS 484 | Actuarial Risk Theory and Credibility | 3 | 2 | 4 | |
COE 292 | Introduction to Artificial Intelligence | 3 | 0 | 3 | |
AS xxx | AS Elective I | 3 | 0 | 3 | |
GS xxx | GS Elective | 3 | 0 | 3 | |
Total | 15 | 4 | 17 | ||
SeniorSemester 2 |
|||||
Course | Title | LT | LB | CR | |
XXX xxx | Technical Elective | 3 | 0 | 3 | |
AS 481 | Actuarial Contingencies II | 3 | 2 | 4 | |
FIN 440 | Islamic Finance | 3 | 0 | 3 | |
STAT 460 | Time Series | 3 | 0 | 3 | |
AS xxx | AS Elective II | 3 | 0 | 3 | |
IAS xxx | Islamic/Arabic Elective | 2 | 0 | 2 | |
Total | 17 | 2 | 18 | ||
Total Credit Hours: 125 |
FreshmanSemester 1 |
|||||
Course | Title | LT | LB | CR | |
---|---|---|---|---|---|
ECON 101 | Principles Of Microeconomics | 3 | 0 | 3 | |
ENGL 101 | Introduction to Academic Discourse | 3 | 0 | 3 | |
ACCT 110 | Introduction to Financial Accounting | 3 | 0 | 3 | |
IAS 121 | Language Foundation | 2 | 0 | 2 | |
MATH 101 | Calculus I | 4 | 0 | 4 | |
PE 101 | Health & Physical Education I | 0 | 2 | 1 | |
Total | 15 | 2 | 16 | ||
Semester 2 |
|||||
Course | Title | LT | LB | CR | |
ECON 102 | Principles of Macroeconomics | 3 | 0 | 3 | |
ENGL 102 | Introduction to Argument Writing | 3 | 0 | 3 | |
ACCT 210 | Introduction to Managerial Accounting | 3 | 0 | 3 | |
IAS 111 | Belief and its Consequences | 2 | 0 | 2 | |
MATH 102 | Calculus II | 4 | 0 | 4 | |
ICS 104 | Introduction to Programming in Python and C | 2 | 3 | 3 | |
Total | 17 | 3 | 18 | ||
Total Credit Hours: 34 |
SophomoreSemester 1 |
|||||
Course | Title | LT | LB | CR | |
---|---|---|---|---|---|
BUS 200 | Business & Entrepreneurship | 3 | 0 | 3 | |
AS 201 | Financial Mathematics | 3 | 0 | 3 | |
ISE 291 | Introduction to Data Science | 3 | 0 | 3 | |
IAS 212 | Ethics and Governance | 2 | 0 | 2 | |
MATH 201 | Calculus III | 3 | 0 | 3 | |
STAT 214 | Actuaries and Business Statistics | 3 | 2 | 4 | |
Total | 17 | 2 | 18 | ||
Semester 2 |
|||||
Course | Title | LT | LB | CR | |
FIN 250 | Financial Management | 3 | 0 | 3 | |
AS 289 | Actuarial Science Problem Lab I | 0 | 2 | 1 | |
AS 251 | Maths of Financial Derivatives | 2 | 2 | 3 | |
MATH 208 | Introduction to Differential Equations & Linear Algebra | 3 | 0 | 3 | |
STAT 301 | Introduction to Probability Theory | 3 | 0 | 3 | |
ENGL 214 | Academic & Professional Communication | 3 | 0 | 3 | |
Total | 14 | 4 | 16 | ||
Total Credit Hours: 34 |
JuniorSemester 1 |
|||||
Course | Title | LT | LB | CR | |
---|---|---|---|---|---|
FIN 320 | Investments | 3 | 0 | 3 | |
AS 380 | Actuarial Contingencies I | 2 | 2 | 3 | |
MATH 371 | Introduction to Numerical Computing | 2 | 2 | 3 | |
CGS 392 | Career Essentials | 0 | 2 | 1 | |
STAT 302 | Statistical Inference | 3 | 0 | 3 | |
STAT 310 | Regression Analysis | 3 | 0 | 3 | |
Total | 13 | 6 | 16 | ||
Semester 2 |
|||||
Course | Title | LT | LB | CR | |
AS 398 | Internship | 0 | 0 | 6 | |
Total | 0 | 0 | 6 | ||
Total Credit Hours: 22 |
SeniorSemester 1 |
|||||
Course | Title | LT | LB | CR | |
---|---|---|---|---|---|
STAT 416 | Stochastic Processes for Actuaries | 3 | 0 | 3 | |
AS 389 | Actuarial Science Problem Lab II | 0 | 2 | 1 | |
AS 484 | Actuarial Risk Theory and Credibility | 3 | 2 | 4 | |
COE 292 | Introduction to Artificial Intelligence | 3 | 0 | 3 | |
AS xxx | AS Elective I | 3 | 0 | 3 | |
GS xxx | GS Elective | 3 | 0 | 3 | |
Total | 15 | 4 | 17 | ||
Semester 2 |
|||||
Course | Title | LT | LB | CR | |
XXX xxx | Technical Elective | 3 | 0 | 3 | |
AS 481 | Actuarial Contingencies II | 3 | 2 | 4 | |
FIN 440 | Islamic Finance | 3 | 0 | 3 | |
STAT 460 | Time Series | 3 | 0 | 3 | |
AS xxx | AS Elective II | 3 | 0 | 3 | |
IAS xxx | Islamic/Arabic Elective | 2 | 0 | 2 | |
Total | 17 | 2 | 18 | ||
Total Credit Hours: 35 |