Overview
Bachelor in Mathematical Sciences (Actuarial Science) - School of Mathematical Sciences, Tribhuvan University (SMSTU)
For the first time, the School of Mathematical Sciences at Tribhuvan University (SMSTU) is launching the Bachelor in Mathematical Sciences (BMathSc) program. This full-time program spans eight semesters over four years and includes compulsory foundational courses in Mathematics, Statistics, Computer Science, and Information Technology. There are also elective courses and courses covering Technical Writing, Communication English, Humanities and Social Sciences, Management, and Natural Sciences.
In today's world, computational simulations and data analysis are crucial across various industries. The internet provides vast quantities of data for enterprises, necessitating experts who can build and evaluate mathematical models, explore them computationally, and analyze enormous amounts of data. This interdisciplinary program addresses the need for human resources with analytical ability, data processing capability, and fast computing efficiency.
What is Mathematical Sciences?
Mathematical Sciences encompass disciplines where Mathematics is a core subject, including:
- Computing
- Data analysis
- Applied Physics and Chemistry
- Geometry
- Statistics
- Process optimization
Studying Mathematical Sciences opens career opportunities in fields such as Chemistry, Biology, Earth Sciences, Computing, Economics, Finance, Engineering, Physics, Electronics, Banking, and Meteorology.
Salient Features
- Total Credit Hours: At least 120 credit hours
- Number of Courses: Five courses each in the first four semesters; variable in the remaining semesters
- Nature of Courses: Theoretical and Practical
- Marking: 60% Semester Exam, 40% Internal Assessment (including writing tests, oral tests, seminars, practicals, projects, fieldwork, etc.). Students must secure at least 40% in each semester exam and internal assessment to complete the course.
The first two years provide a foundation in a broad range of areas, including Mathematics, Statistics, and Computer Science.
Eligibility
Applicants must have:
- Passed Grade 12 or equivalent level examination with 100 marks in Mathematics or Business Mathematics from any stream (Science, Management, Humanities, Education) and secured a Grade C in each subject or at least second division.
- Passed A level with Mathematics of 100 full marks and secured at least a D grade.
- Passed any subjects from CTEVT Diploma with Mathematics of 100 marks and secured at least second division.
- If the applicant has passed from international academic institutions, they should submit an equivalent certificate from the Curriculum Development Center, Sanothimi.
Duration and Nature of Course
The Bachelor in Mathematical Sciences is a full-time program spanning four years, divided into eight semesters. The curriculum includes foundational courses in Mathematics, Statistics, Computer Science, and IT, alongside elective courses. The program is designed to provide both theoretical knowledge and practical skills through classroom instruction, practical sessions, projects, seminars, internships, and a thesis.
Scope
The program equips students with skills necessary for various roles in fields such as insurance, finance, and government agencies. Graduates can pursue roles as actuaries, data analysts, financial analysts, IT or computing analysts, mathematical modelers, research scientists, and secondary school teachers.
Career Prospects
Graduates in Actuarial Science have abundant career prospects due to high demand. Career opportunities include:
- Life Insurance
- General Insurance
- Health Insurance
- Reinsurance Companies
- Pension Funds
- Consulting Firms
- Investment Firms
- Government Agencies
- Academia
- Risk Management
Curricular Structure
Foundation Courses
First Semester
| Course Code | Course Title | Credits |
|---|---|---|
| MSMT 101 | Calculus with Analytic Geometry I | 3 |
| MSST 101 | Statistics & Data Analysis I | 3 |
| MSCS 101 | Fundamentals of Computer Science | 3 |
| MSEN 101 | Communication Skill I | 3 |
| MSCS 102 | Mathematics Software (MATLAB) | 3 |
| Total | 15 |
Second Semester
| Course Code | Course Title | Credits |
|---|---|---|
| MSMT 151 | Calculus with Analytic Geometry II | 3 |
| MSMT 152 | Linear Algebra with Application I | 3 |
| MSST 151 | Statistics & Data Analysis II | 3 |
| MSCS 151 | Introduction to Programming I | 3 |
| MSEN 151 | Communication Skill II | 3 |
| Total | 15 |
Third Semester
| Course Code | Course Title | Credits |
|---|---|---|
| MSMT 201 | Linear Algebra with Application II | 3 |
| MSST 201 | Theory of Probability | 3 |
| MSCS 201 | Introduction to Programming II | 3 |
| MSMT 202 | Differential Equations | 3 |
| MSMT 203 | General Logic | 3 |
| Total | 15 |
Fourth Semester
| Course Code | Course Title | Credits |
|---|---|---|
| MSST 252 | Mathematical Statistics | 3 |
| MSST 251 | Applied Probability Models | 3 |
| MSCS 251 | Data Structure and Algorithm | 3 |
| MSMT 252 | Mathematical Modeling | 3 |
| MSMT 253 | Discrete Math | 3 |
| Total | 15 |
Specialization Courses (Third and Fourth Years)
Students have the opportunity to specialize in one of the following areas:
- Mathematics
- Statistics
- Computer Science and Information Technology
- Mathematics Education
- Mathematical Biology
- Mathematical Economics
- Computational Finance
Major in Actuarial Science
Fifth Semester
| Course Code | Course Title | Credits |
|---|---|---|
| MSMT 301 | Financial Mathematics | 3 |
| MSAS 301 | Actuarial Models I: Life Contingent I | 3 |
| MSAC 301 | Financial Accounting | 3 |
| MSEC 301 | Nepalese Economy | 3 |
| MSNE 301 | Nepali Literature I | 3 |
| Total | 15 |
Sixth Semester
| Course Code | Course Title | Credits |
|---|---|---|
| MSAS 351 | Actuarial Models II: Life Contingent II | 3 |
| MSMN 351 | Investments | 3 |
| MSEC 351 | Principles of Economics I (Micro) | 3 |
| MSAC 351 | Managerial Accounting | 3 |
| MSNE 351 | Nepali Literature II | 3 |
| Total | 15 |
Seventh Semester
| Course Code | Course Title | Credits |
|---|---|---|
| MSAS 401 | Actuarial Models III: Derivative Markets | 3 |
| MSMN 401 | Introduction to Risk and Insurance | 3 |
| MSEC 401 | Principles of Economics II (Macro) | 3 |
| MSEN 401 | Technical Writing Communication English | 3 |
| MSHU 401 | Anthropology I | 3 |
| MSPR 401 | Project | 3 |
| Total | 18 |
Eighth Semester
| Course Code | Course Title | Credits |
|---|---|---|
| MSAS 451 | Actuarial Modeling: Loss Models | 3 |
| MSMN 451 | Intermediate Business Finance | 3 |
| MSST 451 | Regression and Time Series Analysis | 3 |
| MSHU 451 | Anthropology II | 3 |
| MSIN 451 | Internship | 3 |
| Total | 15 |
What is Actuarial Science?
Actuarial Science applies mathematical and statistical methods to assess risk in insurance, finance, and other industries. Actuaries are professionals qualified through rigorous education and experience, studying:
- Mathematics
- Statistics
- Computational Science
- Management (including Finance, Accounting)
- Economics
Actuaries work in various sectors, including insurance, finance, consulting, and government, providing valuable insights and risk management solutions.
