BS in Actuarial Science & Risk Management (BS-ASRM)
Actuarial Science & risk Management mainly concerns with assessing risks and ensuring the financial stability of insurance or financial institutions. Graduates in Actuarial & risk management learn how to predict potential outcomes and take preventative steps using mathematical, statistical, and probability concepts.
The main goal of our program is to develop the knowledge needed to perform an actuary job and to prepare students to pass their actuarial exams faster. KIET actuarial curriculum is designed in the opinion of actuarial and financial experts of the industry. Our curriculum gives student not only the basic knowledge but also trained them traditional analytical and statistical skill of decision making.
BS-ASRM program meets the HEC and international standards for a full-length 4-year bachelor’s degree.
First Semester
Theory
Lab
Total Cr hrs
English I
3
0
3
Algebra & Trigonometry
3
0
3
Islamiat and Pakistan Studies
3
0
3
Principles of Management
3
0
3
Financial Accounting
3
0
3
Total
15
Second Semester
Theory
Lab
Total Cr hrs
Probability Theory and Statistics
3
0
3
Micro Economics
3
0
3
English II
3
0
3
Calculus & Analytical Geometry
3
0
3
Personal Skill Development
3
0
3
Total
15
Third Semester
Theory
Lab
Total Cr hrs
Macro Economics
3
0
3
Introduction to Actuarial science
3
0
3
Linear Algebra
3
0
3
Introduction to Actuarial science
3
0
3
English III
3
0
3
Total
15
Fourth Semester
Theory
Lab
Total Cr hrs
Differential Equations & Multivariable
3
0
3
Principles of Risk Management
3
0
3
Introduction to Econometrics
3
0
3
Model & Inferences
3
0
3
Numerical Computing
3
0
3
Total
15
Fifth Semester
Theory
Lab
Total Cr hrs
Financial Mathematics
3
0
3
Financial Management
3
0
3
Methods in Business Research
3
0
3
Operation Research
3
0
3
Actuarial Mathematics I
3
0
3
Total
15
Sixth Semester
Theory
Lab
Total Cr hrs
Applied Regression Analysis
3
0
3
Stochastic Processes
3
0
3
Actuarial Mathematics II
3
0
3
Methods of data analysis
3
0
3
Introduction to SAS Programming
3
0
3
Total
15
Seventh Semester
Theory
Lab
Total Cr hrs
Loss Models I
3
0
3
Decision Theory
3
0
3
Enterprise Risk Management
3
0
3
Life and other contingencies
3
0
3
Elective I
3
0
3
Elective II
3
0
3
Total
18
Eighth Semester
Theory
Lab
Total Cr hrs
Artificial intellugence in risk
3
0
3
Financial derivatives
3
0
3
Corporate Finance
3
0
3
Loss Models II
3
0
3
Elective III
3
0
3
Elective IV
3
0
3
Total
18
Elective Courses
Models of Financial Economics
Statistical Modelling for Risk
Investment Analysis & Financial Markets
Portfolio Management
Time Series Analysis & Forecasting
Computational Methods in Risk
Others (Based on current requirement of Industry)