Course Details
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BSc (Hons) Actuarial Science

Offered by: Heriot-Watt University Malaysia
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Exam BodyHeriot-Watt University, UK
Course Duration3 years
Part Time/Full TimeFull Time
Fees (International Student)49,920
CampusHeriot-Watt University, UK
FacultySchool of Mathematical and Computer Sciences
Conducted entirely in MalaysiaYes
Awarding CountryUnited Kingdom
Level of StudyBachelor's Degree Level
Field of StudyMathematics & Statistics
Study Abroad Pathway


Course Description

Actuaries manage risk and uncertainty and evaluate the likely impact of future events. Heriot-Watt’s Actuarial Science programme is world-famous for its excellence. It contains all the courses that are essential for ensuring a flying start to a career as an actuary whilst at the same time fostering highly transferable mathematical skills.

If you excel at mathematics, enjoy problem solving and are looking for a degree that will prepare you for a rewarding career – both intellectually and financially – Actuarial Science could be the programme for you.

This Bachelor’s degree mirrors the highly successful BSc Actuarial Science degree offered in the UK, which is accredited by the UK Actuarial Profession. This can significantly reduce the time taken to qualify as a Fellow of the Institute and Faculty of Actuaries.


Year 1


View or download full details of core, optional and elective courses/projects.

Introduction to Statistical Science; Calculus; Introduction to University Mathematics; Professional Development Planning; Finance; Economics, Professional Development Planning and practical work.

Mandatory (September)

  • Calculus A
  • Topics in Statistical Practice

Optional (September)

  • Introductory Economics
  • Introduction to University Mathematics

Mandatory (January)

  • Calculus B
  • Professional Development Planning
  • Elements of Probability

Optional (January)

  • Finance and Financial Reporting


Year 2


Mandatory (September)

  • Multivariable Calculus and Real Analysis A
  • Linear Algebra
  • Actuarial and Financial Mathematics A
  • Algorithmic and Scientific Programming
  • Probability and Statistics A

Mandatory (January)

  • Multivariable Calculus and Real Analysis B
  • Actuarial and Financial Mathematics B
  • Probability and Statistics B

Optional (January)

  • Finance and Financial Reporting
  • Database Management Systems



Year 3

Students typically take Introductory Economics, Continuous-time Finance, Risk Theory, and Time Series Analysis and can choose from a range of options such as Statistics for Social Science, Bayesian Inference and Computational Methods, Statistical Machine Learning and Optimisation.

Optional (September)

  • Life Insurance Mathematics A
  • Statistical Models A
  • Portfolio Theory and Asset Models
  • Stochastic Processes

Optional (January)

  • Life Insurance Mathematics B
  • Derivative Markets and Discrete Time Finance
  • Statistical Models B
  • Survival Models



Year 4


Optional (September)

  • Introductory Economics
  • Optimisation
  • Statistical Machine Learning
  • Continuous-Time Finance
  • Pensions
  • Portfolio Theory and Asset Models
  • Further Statistical Methods

Optional (January)

  • Life Office Practice
  • Risk Theory
  • Time Series
  • Risk Management: Techniques and Tools
  • Bayesian Inference & Computational Methods
Entry Requirements

STPM/UEC/A-Levels/IB Diploma with 5 credits or above

Intake Months


Career Prospects

Employment prospects are good, with excellent financial rewards. Our students readily find work as trainee actuaries and graduates are also well-equipped for more general careers like accountancy, banking, stockbroking or teaching. What’s more, actuarial skills are appreciated anywhere in the world.

All fees are in RM (Ringgit Malaysia) currency unless stated otherwise.

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